Successful Fundraising: Pavestone, a venture capital firm based in Hyderabad, has closed its Pavestone Technology Fund with a total corpus of Rs 816 crore, surpassing its initial target of Rs 600 crore and later increasing its goal to Rs 900 crore due to strong investor demand. Investment Focus: The fund aims to invest in approximately […]
Pitchlabz
AI-powered assistant for financial advisors Zeplyn raises $3 million
Funding and Growth: Zeplyn, an AI-powered assistant platform for financial advisors, raised $3 million in a seed funding round led by Leo Capital, bringing its total funding to $5.6 million after an initial $2.6 million in June. Automation of Wealth Management: The platform focuses on automating and optimizing wealth management workflows by reducing administrative tasks […]
SaaS startup Mushin Innovative Labs raises $250K led by Inflection Point Ventures
Funding Announcement: Mushin Innovative Labs, a SaaS startup focused on the automotive manufacturing industry, has secured $250,000 in a Seed funding round led by Inflection Point Ventures. Investment Utilization: The startup intends to use the funds to enhance its sales and marketing strategies, accelerate research and development, and innovate its product suite to better serve […]
Chennai-based The ePlane Company raises $14 million in funding
Funding and Valuation: The ePlane Company, a Chennai-based startup focused on eVTOL vehicles, raised $14 million in Series B funding, increasing its valuation from $21 million to $46 million. Innovative Urban Mobility Solution: The ePlane’s flagship vehicle, the e200x, aims to reduce urban travel times by up to 85% with a compact design and a […]
AI-powered platform for e-commerce customer engagement BiteSpeed raises $3.5 million
Funding Success: BiteSpeed has raised $3.5 million in a pre-Series A funding round led by Peak XV’s Surge, bringing its total funding to $5.6 million. Global Expansion Plans: The funds will be used to scale operations and enhance product offerings globally, with a focus on hiring in marketing, sales, and technical teams across key regions […]
Logistics tech startup Pikndel raises $1 million in a seed round led by VC Grid, others
Funding and Leadership: Pikndel, a logistics technology startup focused on quick commerce delivery, has raised $1 million in seed funding led by VC Grid, with participation from other investors including D2C Insider Angels and various industry leaders. Business Model: Founded in 2022 by Siddharth and Tullika Batra, Pikndel offers a logistics solution featuring shared dark […]
Tech-enabled pioneering fertility platform India IVF raises $1.25 million
Funding Achievement: India IVF, a pioneering tech-enabled fertility platform co-founded by Dr. Richika Sahay and Dr. Somendra Shukla in 2014, has secured $1.25 million in pre-Series A funding from Tomorrow Capital, marking its first external capital since inception. Expanding Fertility Care: The funding will facilitate the company’s expansion across North India, aiming to improve access […]
Lean closes Series B at $67.5 million, bringing total funding to $100 million
Funding Achievement: Lean Technologies, a Saudi Arabia-based fintech, has successfully raised $67.5 million in a Series B funding round, led by General Catalyst, increasing its total funding to over $100 million since its inception in 2019. Company Overview: Founded by Hisham Al-Falih, Ashu Gupta, and Aditya Sarkar, Lean is an open banking platform that enables […]
MENA Startups Secure $192.77M in October 2024
Dynamic Funding Landscape: In October 2024, the MENA startup ecosystem raised a total of $192.77 million across 45 startups, with participation from 24 investors, signaling a robust entrepreneurial environment despite existing challenges. Industry Leadership: The FinTech sector dominated funding, attracting $91.15 million, followed by substantial investments in Energy, Real Estate, and Software, as the region […]
Lean Technologies Raises $67.5 Million
Funding Milestone: Lean Technologies raised $67.5 million in Series B funding led by General Catalyst, bringing its total funding to over $100 million. Financial Infrastructure: The company specializes in providing secure access to financial infrastructure, enabling businesses to integrate personalized financial services seamlessly within their platforms. Market Impact: Lean has processed over $2 billion in […]