Ravindra Salunkhe

Wealthtech startup Centricity WealthTech has raised $20 Mn (around INR 166 Cr) in its seed funding round, led by Lightspeed, at a valuation of $125 Mn (around INR 1,049 Cr) 👇 “The fresh proceeds would primarily be deployed to scale up our technology stack as we are building GenAI modules. Secondly, we will be enhancing our growth team which includes private bankers and B2B2C BD channel. And last, we will be looking for strategic acquisitions on the technology front,” Centricity founder and CEO Manu Awasthy told Inc42. Founded in 2022 by Awasthy, Centricity offers plug-and-play solutions for independent financial advisors (IFA) looking to make the transition to the wealth management space. The startup aims to build a full-stack open source financial service platform largely targeted at IFAs, external asset managers and single-family offices to manage investment portfolios efficiently. 🔗 To read the in-depth article, click here: https://lnkd.in/gh8PFDig #news #wealthtech #fundraising

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Amid the rising competition in the quick commerce space, Zepto is looking to raise $650 Mn from new and existing investors 👇 The funding round, which will be led by existing backer Nexus Venture Partners and its limited partner StepStone Group, will bump up the startup’s valuation to $3.5 Bn from its last valuation of $1.4 Bn. The investment will make it Nexus’ largest investment till date. The round will also see participation from existing investor Glade Brook Capital and new investors Avenir Growth, Lightspeed Venture Partners, DST Global and Avra, the report said. This came a day after another report said that DST Global and Lightspeed Venture Partners will invest in Zepto’s funding round. However, it pegged the round’s size at around $300 Mn. 🔗 To read more in detail, click here: https://lnkd.in/gf5KfYkY #funding #valuation #startups #growth

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Amid the rising competition in the quick commerce space, Zepto is looking to raise $650 Mn from new and existing investors. The funding round, which will be led by existing backer Nexus Venture Partners and its limited partner StepStone Group, will bump up the startup’s valuation to $3.5 Bn from its last valuation of $1.4 Bn, Moneycontrol reported. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #Zepto #QuickCommerce #FundingRound #StartupFunding #VentureCapital #NexusVenturePartners #StepStoneGroup #StartupValuation #TechStartups #Ecommerce #FundingNews #Investment #GrowthFunding #ZeptoGrowth #IndiaStartups #BusinessExpansion #Innovation #TechInvestment #MarketLeadership #Moneycontrol #StartupNews #StartupTrak

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Spacetech startup GalaxEye has bagged $6.5 million as part of a Series A funding round, co-led by Mela Ventures and Speciale Invest. 💰 The round also saw participation from ideaForge, Rainmatter by Zerodha, Navam Capital, Faad Capital, and Anicut Capital LLP. GalaxEye is developing indigenous multi-sensor imaging satellites, equipped with optical multi-spectral imaging (MSI) and synthetic aperture radar (SAR) technologies. These satellites aim to provide continuous, all-weather information for any location on Earth, offering benefits to industries such as defence, agriculture, and mining. Founded in 2021, GalaxEye was established by a group of members—Suyash Singh, Denil Chawda, Kishan Thakkar, Pranit Mehta, and Rakshit Bhatt—who emerged from Avishkar Hyperloop, a global competition organised by Elon Musk’s aerospace company SpaceX. Read more at the link in our comments section 👇🏻 by Ishan P. | #Funding #FundingWithYS #Startups

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Urban Company CEO Backs Policies; Claims Pre-Tax Profitability In Q1 #businessnews #startuplife #startupnewscenter #startupstory #startupindia #india #startup #startupnewsupdates #startupnews #BusinessNews #startupnewsdaily #buildingstartups #businessnewsindia #startupbusiness #urbancompany

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