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Bower raises Rs 11.5 Cr in seed round

EntrackrEntrackr · 7m ago
Bower raises Rs 11.5 Cr in seed round
Medial

Bower raises Rs 11.5 Cr in seed round Bower School of Entrepreneurship has raised Rs 11.5 crore ($1.33 million) in seed funding from High-Net-Worth Individuals (HNIs) and Astir Ventures. The proceeds will be used to support the development of an AI-powered course builder platform, new partnerships with industry players, and physical campuses in Southeast Asia, the Middle East, Europe, and the USA. Bower plans to impact over 15,000 students and reach Rs 15 crore in revenue across all verticals by FY26. The institution reported Rs 1.5 crore in revenue for the fourth quarter of FY25. Founded by Pavan Allena, Bower offers entrepreneurship programs for students and professionals. These include Bower SEED for K-12 students, Bower LEAD for working professionals, and the upcoming Bower UG undergraduate program starting in August 2025. So far, Bower has worked with over 5,000 students, registered 1.5 crore in bookings within three months of launch, and operates with 27 team members and 63 faculty. The executive program, Bower LEAD, will run four cohorts in 2025 with up to 150 participants expected.

Cross-border logistics startup Xindus bags $10 Mn in pre-Series A round

EntrackrEntrackr · 7m ago
Cross-border logistics startup Xindus bags $10 Mn in pre-Series A round
Medial

Cross-border logistics startup Xindus bags $10 Mn in pre-Series A round The proceeds will be used to expand its operations, scale from 1,000 to 10,000 customers over the next 12–18 months, and drive gross merchandise value to $200 million, Xindus said in a press release. Cross-border logistics startup Xindus has raised $10 million in a pre-Series A funding round from 3One4 Capital and Orios Venture Partners. The round also saw participation from its existing investors, Shastra VC and Caret Capital. The company had previously raised $5.46 million from its existing investors. The proceeds will be used to expand its operations, scale from 1,000 to 10,000 customers over the next 12–18 months, and drive gross merchandise value to $200 million, Xindus said in a press release. Co-founded in 2022 by Saurabh Goyal, Madan Mohan, Jaikaar Singh, and Saptarshi Datta, Xindus simplifies cross-border trade through an integrated platform that helps businesses sell, ship, store, return, and get paid internationally. The company plans to introduce its flagship product, XindusOne, which will empower Indian SMEs to access global markets, streamline order fulfillment, ship worldwide, and navigate trade compliance and financial flows seamlessly. The Gurugram-based company eliminates the hassles of complex trade regulations, which most businesses struggle to keep up with. The company focuses on delivering fast, compliant growth at scale, so businesses can focus on selling and expanding across borders. According to market research, India is progressing from a $400 billion export economy toward surpassing $1 trillion. Xindus states that it has designed its platform to support sellers through dynamic policy shifts. Its tech-driven, full-stack approach provides businesses with an on-demand operational engine, akin to Amazon, Alibaba, Temu, and Shein—leveling the playing field and enabling SMEs to scale efficiently. Xindus claims to have a presence in markets such as the US and UK and aims to expand to Canada, Australia, Europe, and the Middle East. The company also claims to have supported over 1,000 SMEs and more than 500K global shipments. With over 200 marketplace integrations, it has reduced trade complexity and costs by 20%, with a 98.4% on-time delivery performance. The XindusOne stack allows businesses to configure the right global strategy, spanning international shipping, local fulfillment, trade and product compliance, and embedded legal entity services.

Exclusive: Get My Parking to raise fresh funds at 90% valuation surge

EntrackrEntrackr · 5m ago
Exclusive: Get My Parking to raise fresh funds at 90% valuation surge
Medial

Exclusive: Get My Parking to raise fresh funds at 90% valuation surge AI-based parking management system Get My Parking is all set to raise Rs 21.6 crore (approximately $2.5 million) in an extended Series A round led by existing investor IvyCap Ventures with participation from Legacy Assets LLP and others. This funding comes four years after Get My Parking raised $6 million in its Series A round in May 2021, led by IvyCap Ventures. The company’s board passed a resolution to issue 3,923 Series A2 compulsory convertible preference shares at an issue price of Rs 55,088 apiece to raise Rs 21.6 crore, according to its filing with the Registrar of Companies (RoC). Existing investor IvyCap will be leading the round with Rs 13 crore investment followed by Legacy Assets’ Rs 3 crore. The rest of the amount will be contributed by Manish Kohli, The Sarvasva Trust, and 7 other individual investors. The funds raised will be used to meet general business needs, including working capital requirements and expansion plans, the filing added. According to Entrackr’s estimates, Get My Parking’s valuation is expected to rise by nearly 90% to Rs 335 crore (approximately $39 million) post-allotment, up from Rs 177 crore during its previous $6 million funding round. Founded in 2015 by Chirag Jain and Rasik Pansare, Get My Parking offers smart parking solutions using IoT technology, enabling operators to digitize their parking spaces and manage them efficiently with features like automated entry, digital payments, and live availability updates. According to startup data intelligence platform TheKredible, the Bengaluru-based company has raised over $10 million since its inception. IvyCap Ventures is the largest external stakeholder with a 15.87% stake, followed by Europe’s leading parking operator, APCOA, which holds a 12% stake. Get My Parking reported over 50% growth in operating revenue to Rs 29.4 crore in the fiscal year ending March 2024, while reducing its losses by 57% to Rs 6.5 crore during the same period. Get My Parking competes with the Peak XV-backed Park+ which posted Rs 131 crore revenue in FY24. The company also competes with Parky, Park Smart, among others.

Exclusive: Scaler to raise $40 Mn at reduced valuation

EntrackrEntrackr · 5m ago
Exclusive: Scaler to raise $40 Mn at reduced valuation
Medial

Exclusive: Scaler to raise $40 Mn at reduced valuation Upskilling platform Scaler is finalizing a $40 million fundraise, according to people familiar with the matter. This would be its first funding round in over three years, with the last one, a Series B, in February 2022. “Lighthouse is likely to lead a new funding round in Scaler, with some existing investors also participating. The deal is in its final stages and, barring any last-minute changes, is expected to close in a few weeks,” said a source requesting anonymity due to the private nature of the discussions. Scaler has so far raised over $75 million across rounds from the likes of Lightrock India, Peak XV Partners, and Tiger Global. The firm last raised $55 million in Series B in February 2022 at a valuation of $710 million. However, sources indicated that this will be a down round, with Scaler's valuation expected to plunge to $350–$370 million after the new funding. In response to Entrackr’s queries, Scaler said it does not comment on market speculation, while Peak XV declined to comment. Lighthouse had not responded by the time of publication. Scaler specializes in upskilling college students and technology professionals by offering an intensive six-month computer science program. The course is delivered through live classes led by experienced tech leaders and subject matter experts. While Scaler has yet to disclose its FY25 numbers, the company’s revenue from operations grew to Rs 384.5 crore in FY24 from Rs 316.7 crore in FY23. Optimization of major expense categories helped the company reduce its overall losses by 58% to Rs 139 crore in FY24. At the beginning of FY25, Scaler laid off around 150 employees citing long-term growth and sustainability. It competes with Newton School, Masai School, and to some extent with Simplilearn. Many growth and late-stage startups are operating in a challenging funding environment, raising capital at flat or reduced valuations.

The Prompting Company snags $6.5M to help products get mentioned in ChatGPT and other AI apps

TechCrunchTechCrunch · 19d ago
The Prompting Company snags $6.5M to help products get mentioned in ChatGPT and other AI apps
Medial

The Prompting Company, a YC-backed startup, raised $6.5M seed funding from Peak XV Partners, Base10, Y Combinator, and others to help brands get mentioned in ChatGPT and AI apps through Generative Engine Optimization (GEO) — the AI-era version of SEO. Founded by Kevin Chandra, Michelle Marcelline, and Albert Purnama, the startup helps companies create AI-facing web pages optimized for LLMs rather than humans. Clients include Rippling, Rho, Motion, and a Fortune 10 company. With AI agents driving traffic and even purchases, The Prompting Company positions itself as the infrastructure for product discovery in AI interfaces, hosting over 500K pages and driving millions of monthly visits, as AI becomes the new distribution channel.

Exclusive: Tetr College of Business raises $17.5 Mn in maiden funding round

EntrackrEntrackr · 6d ago
Exclusive: Tetr College of Business raises $17.5 Mn in maiden funding round
Medial

Tetr College of Business, a global business school, has raised Rs 154.33 crore (approximately $17.5 million) in its maiden round of funding from Owl Ventures and Bertelsmann India Investments. The board at Pmmue Eduservices Private Limited (parent company of Tetr) has issued 3,130 Series A compulsory convertible preference shares and 20 equity shares at an issue price of Rs 4.89,348.33 each to raise the above mentioned amount, as per its regulatory filing with the Registrar of Companies (RoC). Owl Ventures led the round with an investment of Rs 88.19 crore ($10 million), while Bertelsmann India Investments followed with Rs 66.14 crore ($7.5 million). According to Entrackr’s estimates, the latest funding valued the company at around Rs 644 crore or $73 million post-money. Founded in 2024 by Pratham Mittal, Tetr College of Business is a global B-school where over 300 undergraduate students from around the world learn business by building real ventures across seven countries including the USA, Italy, Singapore, Brazil, the UAE, India, and Ghana. As part of its four-year bachelor’s program, students gain hands-on entrepreneurial experience while studying at some of the world’s most prestigious academic institutions. In October last year, Tetr College of Business launched a $10 million fund named ‘Tetr Under 20’ to support student entrepreneurs. Led by Manoj Kohli, Viney Sawhney, Pratham Mittal, and others, the fund aims to invest in 20 innovative and sector agnostic ideas across areas such as AI, emerging technology, sustainability, D2C, and healthcare. As of FY24, the company was in the pre-revenue stage and had not reported any operating income. It posted a loss of Rs 70 lakh, primarily due to marketing and employee expenses. Its FY25 data has yet to come.

Exclusive: Smartworks converts into public company

EntrackrEntrackr · 1y ago
Exclusive: Smartworks converts into public company
Medial

Co-working space solutions provider Smartworks has converted itself into a public company. This marks the company’s concrete step towards its planned initial public offering (IPO). The board at Smartworks has approved the resolution to change the company’s status from private to public. Its name has now changed from Smartworks Coworking Spaces Private Limited to Smartworks Coworking Spaces Limited. The development comes on the heels of Smartworks’s $20 million funding round from Keppel, Ananta Capital Ventures Fund I, and others. Smartworks provides managed office spaces by leasing properties from real estate developers and subsequently subleasing them to enterprises or companies. The company has a presence across Delhi-NCR, Kolkata, Bengaluru, Chennai, Pune, Hyderabad, and others. As of March 2024, Smartworks has a presence in as many as 13 cities including Bengaluru, Kolkata, Delhi NCR, Mumbai, and Pune, and a portfolio of 41 centers spanning 8 million square feet. To date, the co-working space firm has raised over $50 million, including a $25 million raise from the Singapore-based Keppel Land in 2019. As per startup data intelligence platform TheKredible, NS Niketan LLP, which includes founder Neetish Sarda, among others, controls more than 45% stake in the company as of the last funding round. Smartworks demonstrated robust financial growth, with its scale nearly doubling to Rs 744 crore in FY23. However, like many growth-stage companies, its losses also rose by 44% to Rs 101 crore during the same period. The company is yet to file its annual results for FY24. In the co-working space, Awfis became the first Indian startup to get listed on the stock exchange. The Peak XV-backed firm was oversubscribed by more than 100x on the final day of bidding.

Hypergro.ai raises Rs 7 Cr in pre-Series A round

EntrackrEntrackr · 8m ago
Hypergro.ai raises Rs 7 Cr in pre-Series A round
Medial

Hypergro.ai raises Rs 7 Cr in pre-Series A round Video generation and conversion platform Hypergro.ai has secured Rs 7 crore ($800K) in a pre-Series A funding round led by Eternal Capital along with participation from Silver Needle Ventures, VCats, Astir Ventures, and FAAD Network. The company had previously raised $961K from Silver Needle Ventures and others. The proceeds will be utilized to accelerate its innovation, global expansion, and strengthen its position as a leader in AI-powered marketing automation, Hypergro said in a press release. Co-founded in 2022 by Rituraj Biswas and Neha Soman, Hypergro.ai solves fundamental inefficiencies in digital marketing—manual execution, fragmented data, and lack of real-time intelligence. The company’s AI-driven platform automates video generation, optimizes performance campaigns, and engages leads through AI-powered sales agents, allowing brands to execute marketing strategies at an unprecedented scale. According to Hypergro.ai, it combines AI-driven content generation, real-time campaign optimization, and automated lead engagement into a single intelligent system. This ensures brands drive maximum revenue impact with minimal effort. The Bengaluru-based company claims that it has achieved and delivered 92% faster video production—at 80% lesser cost—compared to traditional methods. In addition, Hypergro.ai offers AI-automated video personalisation and adjustments of aspect ratios and formats, thereby addressing brands’ needs for audience- and geography-specific tailored video content and multi-platform video optimisation, as they operate at scale. Hypergro.ai is expanding into global markets, including the US, APAC, and GCC. The company currently serves brands across e-commerce, retail, entertainment, gaming, travel, and hospitality, working with leading names like ClearTrip, Newton School, GamesKraft, and Docube, among others.

Log analytics startup Parseable raises $2.75 Mn in seed round from Surge, others

EntrackrEntrackr · 1y ago
Log analytics startup Parseable raises $2.75 Mn in seed round from Surge, others
Medial

Bengaluru-based log analytics startup Parseable has raised S$2.75 million in its Seed round led by Surge and NP-Hard Ventures. Funds raised will be used to accelerate Parseable’s innovation in managing the increasing amount of log data generated by today’s digital businesses, the company said in a press release. Parseable uses open formats such as Apache Parquet and Apache Arrow, which are crucial for breaking down the silos of data that typically exist within organizations. By adopting these open standards, Parseable ensures log data is not just accessible but also interoperable, making it easier to integrate with other tools and systems. With this unified data ecosystem, businesses can get insights from logs and other data sources together, enhancing overall business intelligence. Parseable is used across the globe by leading fintechs, cybersecurity firms, and healthcare, among others. Peak XV Partners’ Surge has included more than 330 founders and over 140 startups across 16 sectors in less than five years. To date, Surge startups have collectively raised over $2 billion in follow-on funding post the accelerator program.

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