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ZEVO raises $2 Mn from Pegasus India Fund and others

EntrackrEntrackr ยท 9m ago
ZEVO raises $2 Mn from Pegasus India Fund and others
Medial

ZEVO, a tech-enabled EV mobility platform, has raised $2 million in its pre-Series A round led by Pegasus India Fund, BizDateUp, JIIF, and a family office. The proceeds will be used to deploy 5,000 electric vehicles and develop fulfillment centers across key locations. Founded by Aditya Singh Ratnu and Dhruv Bhatia, ZEVO operates a comprehensive fleet of electric vehicles, catering to diverse delivery needs with a strong focus on operational efficiency and sustainability. ZEVO is set to upgrade its technological infrastructure, ensuring its solutions are in place to optimize logistics and supply chain management. The firm plans to expand its footprint to new cities and strengthen its presence in tier II and tier III cities, bringing sustainable mobility solutions to a broader audience. Looking ahead, ZEVO is in talks to raise $20 million by January 2025. This future investment will further ramp up the companyโ€™s efforts to lead the EV supply chain market and achieve its growth and sustainability goals to have 2,00,000 electric vehicles on the road by 2030.

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FINQY raises $2 Mn in fresh round

EntrackrEntrackr ยท 10m ago
FINQY raises $2 Mn in fresh round
Medial

Fintech startup FINQY has raised $2 million in a new round from Angel Bay India Accelerator, Family Offices and private investors. Earlier in March 2022, the firm had raised $839K in its seed round from Anvita Varshney, AngelBay and others. The proceeds will be used to advance financial services distribution in India through its technology and strategic growth initiatives. Founded in 2019 by Manish Aggarwal, FINQY enables its partners to offer their customers a wide range of financial products. These include credit cards, insurance, investments and loans, as well as easy upsell and X-sell opportunities among these products. The startup helps streamline complex financial decisions across credit cards, insurance, and loans but also significantly enhance customer engagement and facilitate informed decision-making FINQY operates out of 30 offices across 24 cities and 2 countries with the support of over 100 financial and banking partners. It claims to have achieved a revenue milestone of $9.8 million in FY24.

Women health platform Newmi Care raises $1.5 Mn in Seed round

EntrackrEntrackr ยท 9m ago
Women health platform Newmi Care raises $1.5 Mn in Seed round
Medial

Newmi Care, a full stack outpatient care platform and clinics focused on women health & wellness, has raised $1.5 million in a Seed funding round led by Sprout Venture Partners. he round also saw participation from a leading family office, LetsVenture, Sarcha Advisors, Key Ventures Forum and a few angels investors. Newmi Care aims to build its women clinics in North & West India, enhance technology and product innovation and expand its team, the company said in a press release. Since its inception in May 2022, Newmi Care claims to have serviced more than 60,000 women across 400 cities in India covering health concerns ranging from menstrual, sexual and hormonal health, fertility & maternity, menopause and women reproductive organ cancers. Founded by Aditi Singh and Sanchit Agarwal, Newmi has launched women centric OPD insurance products along with leading insurers and the firm has 10 operational clinics in Delhi NCR. Early-stage VC fund Sprout is currently investing out of its Fund II. From its first fund, it has backed companies like Pixis, Ripplr, Fashor, Advantage Club, Goals101 and Fitso among others.

Digital marketing automation startup Maino.ai raises $1.8 Mn

EntrackrEntrackr ยท 1y ago
Digital marketing automation startup Maino.ai raises $1.8 Mn
Medial

Digital marketing technology firm Maino.ai has raised Rs 15 crore (approximately $1.8 million) led by India Quotient Advisers LLP. Angel investors Karan Bedi, Janhavi Parikh, and other marquee investors have also joined the round. The investment will significantly expand teams in technology, product development, design, and strategy, Maino said in a press release. Founded by Abhijeet Kunwar, Rishabh Kumar, and Vikas Keshri, Maino.ai empowers digital growth marketing for new-age modern companies of all sizes. It uses AI and ML technology to build an end-to-end automated martech platform that provides a one-stop solution to an organizationโ€™s marketing needs. Maino.ai claims to have gained significant traction from brands in various sectors, such as media tech, D2C brands, hospitality, and edtech, among others. As per the company, it has effectively enhanced efficiency and scalability for its clients, underscoring the promising future of its technology in the martech space. India Quotient launched its fourth fund worth $80 million in February 2021. in Its portfolio companies include WebEngage, Dhiwise, Vyapar, Pagarbook, Fleetx, Powerplay, Brands.live, and GoComet among others.

Banking tech platform GRAVITY raises $1 Mn led by Kettleborough VC

EntrackrEntrackr ยท 1y ago
Banking tech platform GRAVITY raises $1 Mn led by Kettleborough VC
Medial

GRAVITY, a hyper-personalised banking platform, has raised $1 million in a pre-series A funding round, led by Kettleborough VC. The round also saw participation from eminent personalities from the banking industry and a few HNIs. The Mumbai-based startup plans to deploy the capital towards tech development and execution of organic growth cycles, GRAVITY said in a press release. Launched in March 2024 by Satish Krishnaswamy and Rohit Maroo, GRAVITY enables banks to create a tailored experience for both retail and enterprise customers. The platform enables interoperability amongst all the underlying banking softwares managing core banking systems (CBS), payments, LOS, LMS, treasury, depository, among others. Using this ecosystem, banks can develop contextual and customised products on top of their existing solutions, as per the customersโ€™ need and eligibility. As per the company, banks can achieve several efficiencies such as routing IMPS transactions through NEFT if the IMPS server is down, offering instant loans to customers facing failed transactions due to low account balance and launching new products or workflows within 2-3 days using its API symphony, among many other use cases. Kettleborough VC, an India-based early-stage venture capital led by seed investor Nisarg Shah, launched its maiden VC fund in October 2022. Since then, it has backed startups such as InPrime Finserv, Finhaat, Giga Fun Studios , Zocket and ONWO, among others.

Burma Burma raises another $2 Mn

EntrackrEntrackr ยท 11m ago
Burma Burma raises another $2 Mn
Medial

Burmese vegan restaurant chain Burma Burma has raised another round of $2 million in equity investment from several family offices including Negen Capital. Earlier in November 2022, the startup had raised $2 million in its seed round led by Negen Capital and others. Founded by Ankit Gupta and Chirag Chhajer, Burma Burma Restaurant and Tea Room makes Burmese cuisine accessible to all and the brand is now fulfilling its vision of going beyond just a restaurant and providing its patrons with a new, wholesome and dining experience that interacts on various levels. The Mumbai-based company claims to spread quickly to the other five metros, Delhi, Noida, Gurugram, Bengaluru and Kolkata and is looking at expanding its presence in the country. Burma Burma operates 13 restaurants and delivery kitchens across India, including key locations in Delhi, Gurugram, Noida, Mumbai, Bengaluru, Hyderabad, Kolkata and Ahmedabad. Over the past year, the firm claims to have experienced significant growth, doubling its footprint and annual recurring revenue (ARR) from Rs 46 crores in FY23 to over Rs 100 crores in FY24. As per the company, it has clocked an EBITDA of over 13% in July and aims to hit a monthly EBITDA of over 15% for FY25.

DrinkPrime raises $3 Mn from SIDBI Ventures

EntrackrEntrackr ยท 1y ago
DrinkPrime raises $3 Mn from SIDBI Ventures
Medial

DrinkPrime, a subscription-based reverse osmosis (RO) water supplying startup, has raised $3 million from SIDBI Venture Capital Ltd. (SVCL), an investment management company and a wholly owned subsidiary of SIDBI. The Bengaluru-based startup had raised Rs 60 crore ($7.5 million) in a mix of equity and debt round led by Omidyar Network India, others in July 2022. Prior to that, it raised around Rs 21 crore in its pre-series A round led by Peak XVโ€™s Surge in August 2021. Founded in 2016 by Vijender Reddy and Manas Ranjan Hota, DrinkPrime works towards enabling access to clean drinking water with Internet-of-Things (IoT)-enabled customised water purifiers on subscription to users. DrinkPrime currently provides clean drinking water access to over 2 lakh families across seven cities in India. With further expansion plans, DrinkPrime is also gearing up for its Series B fundraise. According to startup data intelligence platform, TheKredible, DrinkPrime reported an operating revenue of Rs 28.94 crore with a loss of Rs 27 crore in FY23. In the subscription model, DrinkPrime competes with Livpure, Acquaguard and ZunPure.

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