Rise & Shine

Early stage venture capital fund Faad Network has strategically invested $121,000 in four agritech startups as part of their AgriManch accelerator program. The startups receiving the investment in the pre-seed round include Godaam Innovations, VedaFit Foods, Aqin Biotech and Mkelly Biotech. FAAD will offer post-funding support, including connecting the startups with the right stakeholders to generate revenue and help build networks within the agriculture sector for an effective go-to-market strategy. Founder: Karan Verma and Dr.Dinesh Singh Follow Rise & Shine for daily funding deals. Stay ahead, stay updated with www.riseshine.in #capital #funding #startup

Umwelt.AI, an AI-based people analytics and employee engagement SaaS platform, has secured $125K in a seed funding round led by SaaS accelerator Upekkha. The Faridabad-based startup will use the fresh capital to expand its global footprint and deliver solutions to organisations across various industries. Umwelt.Ai leverages behavioural science, chatBot technology, and advanced analytics to enable CEOs and HR leaders to listen, analyse, and act on employee feedback in real-time. Founder: Vishal Chopra Follow Rise & Shine for daily funding deals. Stay ahead, stay inspired with www.riseshine.in #ai #hr #startup #funding

Education-focused non-banking financial corporation (NBFC) Auxilo Finserve Private Limited has secured Rs 100 crore (approximately $12 million) in a debt financing round. Dezerv Securities pumped in Rs 26.39 crore while MAS Financial Services Limited and CredAvenue Securities (Yubi) participated with Rs 25 crore each. Auxilo offers student loans for pursuing education within India or abroad. It also extends loans to educational institutions for infrastructure and working capital requirements. CEO- Neeraj Saxena Follow Rise & Shine for daily funding deals. Stay ahead, stay inspired with www.riseshine.in #finance #education #startup #funding

Workspace solution provider Incuspaze has raised around $8 million led by the India Inflection Opportunity Fund (IIOF) and other financial institutions in its maiden funding round. This strategic investment will beef up Incuspaze’s capabilities to provide top-tier workspace solutions to enterprises, MSMEs, and startups, the company said in a statement. Incuspaze has a presence in 44 locations across 18 cities with a total portfolio of 3o lakh square feet. Founder: Sanjay Choudhary Follow Rise & Shine for daily funding deals. Stay ahead, stay motivated with www.riseshine.in #realestate #startup #funding

Wealthtech startup Stable Money has raised over Rs 123 crore nearly $15 million in a new round from RTP Capital Associates, Lightspeed India, and Z47 (fka Matrix Partners India). RTP Capital led the round with Rs 54.26 crore ($6.5 million) while Lightspeed India and Matrix Partners India pumped in Rs 34.64 crore ($4.15 million) each in this round. Stable Money is building a fixed-return investment platform to provide financial consultation services to investors. The platform will also publish financial literacy content on its online platform to create awareness among investors. Founders: Harish Reddy and Saurabh Jain Follow Rise & Shine for daily startup news. Stay ahead of the curve with www.riseshine.in #finance #startup #funidng

Commercial drone solutions startup AEREO has secured $15 million in a Series B funding round led by 360 ONE Asset. The round also witnessed participation from its existing investors StartupXseed Ventures LLP and Navam Capital. The fresh funds will be used to expand its aerial intelligence solutions for capital asset management. Aereo serves in the B2B space in the high tech, aerospace, maritime and defense tech market segments. Founders: Vipul Singh and Suhas Banshiwala Follow Rise & Shine for daily funding deals. Stay ahead, stay inspired with www,riseshine.in #drone #startup #funding

Gen-z focused fast fashion brand NEWME has raised $18 million in its Series A round led by Accel with participation from existing investors including Fireside Ventures and AUM Ventures. Newme currently sells self-branded clothing across both online and offline outlets. Newme opened its first retail store in Bengaluru in July last year and has expanded to 5 new cities with 6 retail outlets. Founders: Shivam Tripathi, Sumit Jasoria, Vinod Naik and Himanshu Chaudhary Follow Rise & Shine for daily funding deals. Stay ahead, stay motivated with www.riseshine.in #clothing #fastfashion #startup #funding

Eyewear retailer Lenskart.com has raised nearly $20 million from its co-founders Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi. Piyush Bansal led the round with Rs 70.70 crore while Neha Bansal put Rs 70.39 crore. Amit Choudhary and Sumeet Kapahi participated with Rs 9.60 crore and Rs 9.35 crore, respectively. The continued interest of investors in the company is largely driven by its strong financial performance, unit economics and growth opportunities in overseas countries. Lenskart is an Indian multinational optical prescription eyewear retail chain, based in Gurugram. Founders: Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi Follow Rise & Shine for daily startup news. Stay ahead, stay inspired with www,riseshine.in #optical #business #funding

Tekion Corp, which provides cloud-based technologies for automotive retail, has raised $200 million from San Francisco-based Dragoneer Investment Group at an over $4 billion valuation. The US-based firm will use the funds to expand its products which it sells to car dealers and automakers, while also quickening product development. Tekion is headquartered in Pleasanton, United States; its Asia–Pacific office is in Bengaluru and it has a regional centre in Chennai. Founder: Jay Vijayan Follow Rise & Shine for daily funding deals. Stay ahead, stay motivated with www.riseshine.in #cloud #startup #funidng

Auxilo Finserve Private Limited, an education-focused NBFC, has raised $30 million from LeapFrog Investments. This round also saw participation from existing investors Trifecta Leaders Fund-I and Xponentia Opportunities Fund-II. The new round of capital infusion will be utilised to expand customer reach, enhance student funding, incorporate technological infrastructure across business processes, and boost the company’s Institutional lending segment, the firm said. CEO- Neeraj Saxena Follow Rise & Shine for daily funding deals. Stay ahead, stay motivated with www.riseshine.in #education #startup #funding