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Zactor Tech raises pre-seed round at valuation of $3 Mn

EntrackrEntrackr ยท 1y ago
Zactor Tech raises pre-seed round at valuation of $3 Mn
Medial

Financial wellness and literacy brand Zactor Tech has secured an undisclosed amount of funding in its pre-seed round at a valuation of $3 million co-led by HNIs. The funds will be allocated towards product development, user acquisition and financial literacy, Zactor said in a press release. Co-founded in 2023 by Abhishek Walia and Shivam Parihar, Zactor is a digital platform for personal finance. Zactor focuses on modernizing personal finance with technology, covering every aspect including Goals, Investment, Retirement, and Insurance Planning. With more than 7 years of experience in wealth Management, the duo have identified the major gap in the personal finance space and they want to build Indiaโ€™s first financial wellness platform to provide a personalized financial path for everyone. It offers a goal-based saving platform for users to maintain financial wealth. Zactor claims to have witnessed a monthly user growth of 2x from the last 6 months.

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Space-tech startup Omspace raises $3 Mn in pre-seed round

EntrackrEntrackr ยท 1m ago
Space-tech startup Omspace raises $3 Mn in pre-seed round
Medial

Snippets Space-tech startup Omspace raises $3 Mn in pre-seed round Omspace Rocket and Exploration, an Indian space-tech startup incubated at CrAdLE (Centre for Advancing & Launching Enterprises), has raised $3 million in a pre-seed funding round from a Family Office and an Angel Investor. The proceeds will be utilized to finalize and begin test launches of the Infinity One prototype, expand its research & development team, and hire specialized talent to strengthen manufacturing infrastructure and ground systems, Omspace said in a press release. Co-founded in 2020 by Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali, Omspace's flagship innovation, Infinity One, aims to deliver payloads of approximately 350 kg to altitudes of up to 800 km. With an emphasis on fuel efficiency and cost-effectiveness, the launch system seeks to offer a reliable launch solution for Indiaโ€™s growing space-tech sector. The Ahmedabad-based startup plans to improve access to space by developing reusable launch vehicles for small and nano satellites. It seeks to make space exploration more accessible for emerging markets. โ€œThis funding is a major milestone in our mission to democratize access to space from India. We are deeply thankful to CrAdLE and EDII for believing in our vision and enabling us with the resources, mentorship, and environment to take bold leaps,โ€ said Mistry. Omspace claims that it has recently expanded its international presence through its UAE branch, OSRE FZC, with a first commercial launch planned for January 2028.

Centricity, Trisu, GameEon and Dharaksha raise early-stage funding

VCCircleVCCircle ยท 11m ago
Centricity, Trisu, GameEon and Dharaksha raise early-stage funding
Medial

Wealthtech management company Centricity raised $20 million in a seed funding round led by Lightspeed, bringing its valuation to $125 million. The funding will be used to expand operations and double the tech development team. Biotech-driven R&D startup Dharaksha Ecosolutions secured $3 million in a seed funding round led by Avaana Capital to expand production capabilities and strengthen its presence in the sustainable packaging industry. Mumbai-based game development studio GameEon Studios raised $1 million to develop new games for PC and consoles. Vermeil jewelry brand Trisu raised an undisclosed amount in its pre-seed funding round to enhance customer acquisition and drive product innovation.

Fresh From Farm raises $2 Mn in pre Series A round

EntrackrEntrackr ยท 1y ago
Fresh From Farm raises $2 Mn in pre Series A round
Medial

Fresh From Farm, a B2B2C platform for fresh fruit demand, has raised $2 million in its pre-Series A round led by Ashish Kacholia, founder of Lucky Investments. Inflection Point Ventures also participates in the round. The proceeds will be used for team expansion, tech enhancement, and to introduce new product lines. Fresh From Farm has also provided a partial exit to early investors offering more than 400% returns. Its early investor IPV led Rs 3 crore seed round in the company in November 2022. Founded by Rohit Nagdewani, Fresh From Farm uses a proprietary tech interface to predict and create a demand-supply equilibrium to minimise wastage of fresh produce. Its falgship product F3 converts fruit vendors into mini-franchises and sources, grades and handles fruit for them allowing them to focus on only sales. Fresh From Farm claims to have an ARR of Rs 40 crore with an aim to touch Rs 100 crore by this calendar year end. Other notable startups in the same space include Vegrow and Ninjacart.

Exclusive: Proptech startup HouseEazy raises $4 Mn in Series A

EntrackrEntrackr ยท 11m ago
Exclusive: Proptech startup HouseEazy raises $4 Mn in Series A
Medial

HouseEazy, an online marketplace for pre-owned homes, has raised Rs 33.5 crore (around $4 million) in Series A led by Chiratae Ventures Fund with participation from Veena Jindal, Antler Innovation Fund, and IA Growth Opportunities Fund. The board at HouseEazy has issued a total of 3,915 shares at a face value of Rs 10 and premium of Rs 85,666 on preferential basis and by way of private placement, the companyโ€™s regulatory filings with Registrar of Companies show. Chiratae Ventures has invested Rs 29.62 crore, whereas Antler Innovation Fund invested Rs 2.86 crore. IA Growth Opportunities Fund and Veena Jindal invested Rs 76.25 lakh and Rs 29 lakh respectively. As per startup data intelligence platform TheKredible, HouseEazy has reached a valuation of Rs 156 crore post money (over $18 million). The company may raise more funds in this round and the valuation will vary accordingly. In December 2023, HouseEazy raised $1 million in a seed round led by Antler and picked up $370,000 in pre seed funding in June 2022. Founded in 2021 by Tarun Sainani and Deepak Bhatia, HouseEazy is building a full-stack, data driven technology platform to provide the best prices and instant liquidity to sellers and title-checked, refurbished, ready-to-move-in homes to buyers. The Noida-based company says that it uses a proprietary machine-learning algorithm with over 1.25 million data points to provide real-time price offers, eliminating the need for multiple meetings & negotiations for sellers. In December, HouseEazy claimed that it reached an ARR of Rs 250 crore (GMV) while maintaining profitability. The firm expects to hit Rs 1,000 crore ARR by March 2025 from the NCR market alone. For the fiscal year ending March 2023 (FY23), HouseEazy registered Rs 2.78 crore in operating revenue with Rs 44 lakh in loss.

Clean-tech startup HYLENR raises $3 Mn in pre-Series A round

EntrackrEntrackr ยท 11d ago
Clean-tech startup HYLENR raises $3 Mn in pre-Series A round
Medial

Clean-tech startup HYLENR raises $3 Mn in pre-Series A round HYLENR, a clean energy startup harnessing patented Low Energy Nuclear Reactions (LENR) to develop scalable, carbon-free heat energy systems for industrial heat and power, has raised $3 million in pre-Series A funding round co-led by Valour Capital and Gyan Vardhan. Clean energy startup HYLENR has raised $3 million in a pre-Series A funding round co-led by Valour Capital and Chhattisgarh Investments Limited, with participation from other investors such as Karthik Sundar Iyer and Anant Sarda. The proceeds will be used to enable it to fast-track from pilot to market launch and signaling growing investor confidence in LENR as a viable alternative to fossil fuels, HYLENR said in a press release. Launched in 2024, HYLENR Technologies is a next-generation energy startup, and its proprietary LENR-based hybrid heat systems aim to revolutionize thermal energy generation across industries such as manufacturing, oil & gas, district heating, and clean water desalination. According to the company, LENR is now protected by two patents, one for the product architecture, and another for the underlying process innovation. โ€œOur recent lab results show unprecedented energy gain ratios, and this round gives us the momentum to focus on our product roadmap. We have begun early proof-of-concept tests, with several government bodies and large corporations showing interest in our LENR systems. The next phase will focus on scaling manufacturing and expanding globally,โ€ said Siddhartha Durairajan, chairman and managing director of HYLENR. HYLENR says that its pilot projects are already underway with leading government institutions and industrial players, aimed at replacing conventional fossil-based systems with sustainable, next-generation alternatives. The companyโ€™s product pipeline includes products ranging from 7.2KW for domestic consumption all the way to 1MW for large-scale industrial applications.

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