Client life-cycle management software provider Clientjoy, formerly known as Gridle, on Monday said it has bagged $800,000 in a bridge funding round, dubbed ‘pre-Series A’ round, from early stage venture capital (VC) firm Gujarat Venture Finance Limited (GVFL).
The investment, the Ahmedabad based company said, will be used to grow sales, marketing and engineering while expanding its product offerings. Currently, it serves over 1,900 agencies in India, United States, Europe, Australia and South-East Asia.
The CIIE.CO incubated company services its clientele in areas to manage leads, proposals, clients, invoicing and revenues under a single roof.
Agritech startup MoooFarm on Monday said that it raised €500,000 (about $593,248 according to current exchange rates) in a bridge round of funding, dubbed as ‘pre-seed,’ from Rockstart and Navus Ventures, to strengthen product-market fit and hire key technology talent to launch new services to farmers.
The Gurugram based company’s platform connects dairy farmers with qualified veterinarians as well as operates a fellow farmer community to trade cattle, access financial services and order farm inputs on an easy to use mobile application.
It claims to build sustainable, inclusive, efficient, and nutritious food systems for 75 million dairy farmers and over 1 billion consumers. It also claims to help over 25,000 dairy farmers increase their daily milk yield which has increased their income by Rs 3,000-4,000 per month.
Biotechnology application services provider Shilps Sciences on Monday said it has raised an undisclosed amount of funding from syndicate fund AngelList and unnamed returning investors to advance its cell-based drug discovery platform.
The microfluidic single cell platform for drug discovery helps clients identify the best cells for various applications, including cell based therapies for cancer, as per a statement.
“Shilps’ patented high output ‘Nano-bioreactors on a Chip’ technology helps clients analyze single cells for various therapeutic applications, including antibody production and T Cell Therapy,” the statement added.
Technology enabled two-wheeler tech startup Sepal on Monday said it has raised an undisclosed amount of seed capital through ah! Ventures Angel Platform along with participation from undisclosed Bollywood music composers and angel investors
The funding, a statement said, will be used to set up the Hyderabad based company’s production infrastructure, launch its first product, product development, and hire. “Earlier, SEPAL has raised their Seed round from SucSEED ventures. They intend to raise another funding round in 12-18 months to penetrate to all corners of India and also start expansion to other developing countries,” the statement added.
Founded in 2018 by IIT-B alumni, Sepal, provides two wheeler riders with weather protection and infotainment services with its smart collapsible canopy. It also operates an integrated IoT platform to provide the bike riders with access to infotainment comforts such as navigation, music streaming, and call notifications.
Startup incubator and accelerator Venture Catalysts on Monday said it has led an investment of $500,000 in Rezolve.ai, an artificial intelligence-led and automated employee service desk.
The funding round also saw participation from angel investors -- Venkat Raju, a serial entrepreneur; Shanmugam Nagappan, an IT professional; angel investors Dhrumil Shah and Harshit Shah; and Samsung R&D Institute India CTO Aloknath De.
Founded by Saurabh Kumar, Manish Sharma, and Uday Bhaskar Reddy, Rezolve.ai automates Level-1 support that helps organizations in cost-cutting by reducing human involvement.
The market that the venture is addressing is worth $10 billion, Venture Catalysts co-founder and president Apoorv Ranjan Sharma, said.
Digital mobile based credit card services provider Galaxy Card said it has raised an undisclosed amount of seed capital investment from serial entrepreneur Gopinath Latpate, micro VC firm Samyakth Capital, and angels investors network Eaglewings Ventures Alliance Network.
The Gurugram based company will use the funding to expand customer outreach and add more channels to increase its accessibility for customers. Currently, Galaxy Card has a customer base from over 600 towns across India.