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Rocket Skills, Rolling Plates, Faarms, Urbanmatrix raise funding

Rocket Skills, Rolling Plates, Faarms, Urbanmatrix raise funding
Photo Credit: 123RF.com

Gurugram, Haryana-based education technology startup Rocket Skills has raised $296,000 in a pre-seed funding round led by Better Captial, First Cheque and Titan Capital. 

Angel investors who had participated in the round included Co-cubes founder Harpreet Singh Grover, Taxi for sure founder Aprameya, Shop 101 founder Abhinav Jain and Raise founder Pravin Jadhav. 

Rocket Skills said that the funds will be utilised in improving its product offerings as well as expanding the programme to other sectors.    

Rocket Skills was founded in 2020 by Mohit Jain and Vibhu Bahuguna.   

The firm aims to help aspiring entrepreneurs with the resources needed to start a business.  

The platform’s current focus is on the agriculture sector.    

Rolling Plates

Ahmedabad-based cloud kitchen startup Rolling Plates has raised $150,000 in a pre-seed round led by US-based investor EXL Investment LLC. 

The firm plans to utilise the funds to expand into tier-two cities with its delivery only business model.   

Currently, it plans to concentrate on western India before venturing into other territories, including the US in the future.    

The company also revealed that it is in talks with a Tanzania-based startup to tap into the African Market.    

Rolling Plates was founded in 2018 by Shihab Sheikh.   

The company plans to create a robust data analytics framework to fine tune operations and cater to customers better.  

The organised sector for Biryani, according to Rolling Plates, currently stands at Rs 2,500 crore.    

Faarms

Agritech startup Faarms has raised $2million seed funding round backed by global investors such as Singapore’s Koh Boon Hwee and German investor Dr.Cornelius Boersch.    

The company, founded in January 2020 by Taranbir Singh and Alok Duggal, said that it will utilise the funds to expand its footprint in north-eastern, central and southern Indian states.   

The funds will also be used to add new product segments and services for farmers.    

The platform acts like an Amazon for farmers with an inventory focused on farming needs.   

Urbanmatrix

Bengaluru-based drone startup Urbanmatrix Technologies has raised $161,000 in a funding round led by SARA ELGI, part of Elgi conglomerate.   

Angel Investor Laxminarayana also participated in the round.   

The company will utilise the funds towards better research, deepening market penetration and building new vertical solutions.  

It will also utilise SARA ELGI’s global presence to expand internationally into 15 countries.    

The Indian market currently consists of over 50,000 commercial drones, compared to 17 lakh in operations in the US.  

Additionally, 95% of drones in India are non-compliant.    

The company was founded in 2019 by Rishabh Verma, Ashutosh Kumar, and Divyanshu Pundir and has a specialisation in building microdrones.