🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Ajinkya Rahane invests in Proxgy’s Series A round

EntrackrEntrackr · 6m ago
Ajinkya Rahane invests in Proxgy’s Series A round
Medial

Snippets Ajinkya Rahane invests in Proxgy’s Series A round Proxgy, an IoT innovator specializing in safety, connectivity, and productivity solutions, has received funding from Indian cricketer Ajinkya Rahane in its ongoing $3 million Shashank Pathak 25 Dec 2024 11:59 IST Follow Us New Update Proxgy, an IoT innovator specializing in safety, connectivity, and productivity solutions, has received funding from Indian cricketer Ajinkya Rahane in its ongoing $3 million Series A funding round. Other key investors in the round include Nikhil Kamath, Suniel Shetty, Vinod Duggar, and Manish Patel. Entrackr had exclusively reported the Series A round in September, 2024. The Gurugram-based company has also raised Rs 16 crore ($2 million) in a pre-series A round led by LetsVenture, Planify Angel Fund, Mach Tech Fund, and others in October last year. The new proceeds will be used to scale operations, expand Proxgy’s product offerings, and strengthen its international presence. Founded by Pulkit Ahuja in 2020, Proxgy is focused on developing innovative IoT-based solutions. The company also offers smart wearables and safety products designed to enhance workplace safety and efficiency, particularly for blue-collar workers. The Gurugram-based company has represented India globally, winning the European Product Design Award, Most Innovative Product at CES Las Vegas, and Most Promising Start-Up at GITEX Africa. The firm claims to have reported a 800% revenue growth in FY24, with a Rs 50 crore order book. Advertisment Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here. Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news Subscribe Now Related Articles LIVE RBI permits third-party UPI apps to process payments from PPI wallets LIVE Leanworx raises seed round led by YourNest Venture LIVE Razorpay grants ESOPs worth Rs 1 lakh to all current employees LIVE OYO completes acquisition of G6 Hospitality LIVE Cornerstone Ventures bags $100 Mn exit from Intelligence Node Read the Next Article

Retail advisory platform Univest raises $10 Mn in Series A

EntrackrEntrackr · 6m ago
Retail advisory platform Univest raises $10 Mn in Series A
Medial

Retail advisory platform Univest has raised $10 million in a Series A funding round led by Bertelsmann India Investments (BII). The startup had previously raised $1.5 million in a seed funding round from Trinity Media Group, Akash Anand, Deep Bajaj, and others. The fresh funds will be deployed towards accelerating its aim to democratize access to high-quality research and providing a full-stack brokerage offering, Univest said in a press release. Co-founded in 2022 by Pranit Arora, Avneet Dhamija, and Vikash Agarwal, Univest is a retail advisory platform, offering general recommendations through its SEBI-registered RA entity, Uniresearch. It provides expert trading advice across stocks, derivatives, and commodities. The platform aspires to become India's most trusted, research-first stock market super app, solving all retail investor challenges from selecting the right picks to timely exits on a single platform. “Our focus will remain on delivering seamless, personalized, and actionable insights that simplify the investment journey for our users. We look forward to leveraging this partnership to redefine the brokerage model and establish Univest as the go-to platform for retail investors in India,” said Pranit Arora, co-founder & CEO of Univest. According to the Gurugram-based company, it combines human expertise with advanced algorithms and real-time stock screening and delivers timely & reliable trading recommendations. The company offers flexible subscription plans across equity, futures, options, and commodities for 3, 6, and 12 months, and 5-year plans. Investors receive entry and exit signals from SEBI-registered analysts during live market hours, ensuring timely and accurate decision-making. Univest has been selected for the prestigious Google for Startups Accelerator Cohort 2024, recognized among the top 20 startups in India for its impactful solutions and immense growth potential. The platform claims that since inception, it has attracted over 3 million sign-ups and more than 150,000 paying subscribers, driven by an impressive success rate of 85% on profitable calls, with 60% of calls reaching their target prices. It competes with other startups in this space, such as Liquide, Waya, Tejimandi, Stoxbox, Gapup Club, and INDmoney.

Kissht co-founders’ startup Rezolv raises $3.5 Mn in seed round

EntrackrEntrackr · 4m ago
Kissht co-founders’ startup Rezolv raises $3.5 Mn in seed round
Medial

Rezolv, a debt resolution platform for banks and non-banking financial companies (NBFCs), has raised $3.5 million in a seed funding round led by 3one4 Capital. Co-founded in October 2024 by Karan Mehta and Sonali Jindal (co-founders of digital lending startup Kissht), Rezolv addresses the challenge of debt recovery through integration of advanced analytics, AI, and GenAI to optimize each aspect of the collection period. It is a pure software and analytics platform. According to Rezolv, it aims to streamline the entire debt collection process such as digital communication, early reminders, interactive voice response calls, field visits, legal workflows, and analytics so that lenders can build more efficient collection systems in compliance with their policies. Rezolv says that its real-time AI auditing of customer interactions with agents or the system is analysed live to flag potential violations of lender policies. The platform weeds out the hassles of lenders that juggle multiple tools for collections, legal cases, and customer interactions. The startup brings it all under one roof, most importantly with AI-driven data analytics of customer behaviour, pattern, and interaction to make the recovery process better. Rezolv claims to have a major feature which is an AI-powered early warning score that helps lenders identify potential defaulters before they miss a payment. It leverages AI to predict who is at risk even before that happens and to segment borrowers based on behaviour and payment intent, optimising recovery strategies while minimising costs. The platform identifies high-risk customers earlier, and lenders can implement softer interventions such as personalised nudges, payment plan restructuring, or alternative repayment options before escalating to aggressive collection measures. Its key product is Strategy Builder that allows lenders to design and automate workflows, with AI-driven optimisations improving outcomes within one to three months. Rezolv aims to become the industry standard by offering a unified platform that integrates digital communication, field collections, legal workflows, and analytics. It will compete with other notable players in this space such as Credgenics, Spocto, and Creditas.

Download the medial app to read full posts, comements and news.