Tag: PreSeries

12
Oct
2020
Posted in technology

Miko Raises INR 23 Cr In Pre-series B Round Led By Stride Ventures

Existing investors Chiratae Ventures, YourNest Venture Capital and NASSCOM former chairman Keshav Murugesh also participated in the round

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3 min read

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Mumbai-based startup Miko—founded in 2015 by IIT-Bombay graduates Sneh R. Vaswani, Prashant Iyengar and Chintan Raikar—has raised INR 23 crore in a pre-series B round led by Stride Ventures.

Existing investors Chiratae Ventures, YourNest Venture Capital and NASSCOM former chairman Keshav Murugesh also participated in the round.

The trio founded Emotix which focuses on creating emotionally intelligent solutions and its products leverage proprietary and state of the art artificial intelligence (AI), robotics and Internet-of-Things.

Launch Of Miko 2

After the success of their first generation of Miko, the robotics startup developed Miko 2—a puppy-sized companion robot for children. It uses AI and voice-recognition technology to see, hear, sense, express, talk and recognize faces. The widget tackles a multifaceted need-gap of education, technology, entertainment and hence is an enabler in effective parenting.

“Our growth journey till Miko 2 was about creating a product that meets the needs of today’s parents who seek a positive and trusted gateway of technology. Miko 2 has now evolved into a powerful content subscription platform with global content alliances,” said  Vaswani, co-founder and chief executive officer, Miko, in a statement. “We are on track to surpass the 100,000 user mark in the coming quarters with Miko 2 hosting hundreds of applications and use cases. It’s very encouraging for the entire Miko team to build a global consumer technology brand out of India. In our journey, we are very pleased to partner with Stride Ventures and are looking forward towards a

05
Oct
2020
Posted in technology

Agritech Startup Unnati Raises USD 1.7 Mn In Pre-Series A Round from NABVENTURES

The company will utilize the fund to expand its tech platform and set up more partner stores

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Agritech startup Unnati on Monday announced that it has raised USD 1.7 million in Pre-Series A round from NABVENTURES fund, an agriculture, food and rural businesses focused fund.

Founded in 2017 by Ashok Prasad and Sinha, Unnati’s app gives access to agri finance, knowledge support, choice of inputs, tracking farm lifecycle and access to buyers.

The company’s predictive farming model helps farmers to make well-informed decisions on plant protection, weed management, nutrient usage and also predict market conditions. Through its repository network partner, the startup provides financial assistance such as creating saving accounts, securing loans, purchasing farming inputs, among others. 

Commenting on the recent capital infusion, Amit Sinha, co-founder, Unnati said, “On this journey of creating farmpreneurs through digital tools we are proud to have NABVENTURES (NABARD) as a partner. NABVENTURES shares our vision of bringing a positive change in the agriculture industry and creating value for all stakeholders. We look forward to gaining from NABARD’s deep experience, knowledge and scale of operations in Indian agriculture and look forward to a long and mutually beneficial association.”

The company said it will utilize the fund to expand its tech platform and set up more partner stores.

G. R. Chintala, chairman NABARD and NABVENTURES, said, “Unnati has created a platform to digitalize the major components in the food and agribusiness value chain.  The predictive capabilities of the data captured by the platform enhances efficiencies while its transparent processes help in building trust among farmers and FPOs. Unnati has the potential to be a nationwide platform

30
Sep
2020
Posted in technology

SaaS-Based Startup Infilect Raises $1.5 Mn In Pre-Series A Round

The investment round was led by Mela Ventures and 1Crowd along with participation from The Chennai Angles

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Bangalore-based software-as-a-service (SaaS) startup Infilect has raised USD 1.5 million in Pre-series A round. The investment round was led by Mela Ventures and 1Crowd along with participation from The Chennai Angles.

The startup said it will utilize the fresh capital to scale its go-to market programs and will continue to invest in the areas of Image Recognition (IR) for retail execution, supply-chain optimization, store personalisation and category planning.

Started by Anand Prabhu Subramanian and Vijay Gabale, Infilect is an enterprise SaaS provider for retail manufacturers, retail brands and retailers. It leverages artificial intelligence (AI) and image recognition (IR) to help the retail industry obtain better visibility into store operations, omni-channel sales and in-store merchandising. The startup claims to have helped retail brands, consumer electronics, food and beverages, among other sectors.

Commenting about the product, Vijay Gabale, chief technology officer and co-founder of Infilec, said, “InfiViz, our flagship product, leverages IR and AI to process pictures of retail shelves from thousands of retail stores in Modern Trade and General Trade markets. InfiViz instantly generates revenue optimising action plans, reduces stock-outs and consequently, improves same-store sales by 2-5 per cent.”

“We are excited to be partnering with Mela Ventures, 1Crowd, and TCA. The investment and mentorship will help us build cutting-edge Deep Technology products and boost our enterprise sales in global markets,” Gabale added.

Speaking on the investment, Mela Ventures’ Parthasarathy N.S said,  “Infilect’s products automate traditional retail processes with speed, accuracy, and on a large scale. Thereby, Infilect empowers decision makers in the entire