Tracking pre-seed and seed rounds that close in India every week
Links out to the the websites of the startup and its investors, along with LinkedIn profiles of the founders and fundraising news.
Unified data engine for security and observability. Companies are spending 30-40% of their cloud budget on observability, but struggle maintain a single long-term repository that serves developers, security teams and compliance officers. Pre-seed round, amount undisclosed. Both founders are engineers, IIT Kanpur and IIT-B.
Female wellness and hygiene brand catering to Tier 2/3 cities. ₹3CR pre-seed round. Other investors: BeyondTeQ Ventures, Black Pepper Holding.
Another month, another LAMF (Loan Against Mutual Funds) product gets funded (see Quicklend, funded 5th Feb). LAMFs are available at rates starting from 10.5%, vs. ~30% for personal loans. Now expanding into lending against stocks, insurance and digital assets. ₹9.2CR round. Ashutosh is ex-Navi and Swiggy, Aryan is ex-BrowserStack.
Ayurvedic skincare brand, sells on Nykaa in India and Sephora in the UK, now launching with Sephora in the US. Part of the Sephora Accelerate program. $5M seed round. The company last raised a seed round in 2022. Diipa is an influencer (2M followers on IG).
fka Gyaan AI. Customer journey management platform for SaaS companies to bridge the gap between customer acquisition and customer success. SaaS teams currently use an average of 14 disconnected tools to manage these functions. $7.8M seed round. This is the second deal by Dell's venture arm in the last month, following Singulr AI. SF and Pune based. Founder Sonny Aulakh was most recently VP of Products, Solutions & Vertical Marketing at Pure Storage. Coincides with the appointment of a CEO and CRO, who bring leadership experience from Palo Alto Networks, EMC, and most recently Securiti.ai.
Workforce optimization - field agent monitoring, attendance management, expense management. Seed round, amount undisclosed. Basudha, CEO, comes from Ericsson and Serco. Manoj was (or still is) the founder of VegaStack.
Creatives automation platform joining the race to provide higher conversions for sellers on eCommerce, with AI generated ads and catalogs. Their pro plan is <$10 a month. $2.7M seed round. Venus and Aneesh co-founded AppyHigh, developer of productivity and utility apps; Akshit was the Head of Data Science there as well as a Venture Partner at Shastra VC.
As the name might suggest, low-GI mithai made with stevia. ₹1.3CR pre-seed round. Angels in this round: Kavirut (OYO), Dhruva Dubey (Vishal Mega Mart), Rachna Bahadur (Wellness Forever). Prabhinder was a production executive at Nestle, before stints at Amazon, OYO, Flipkart.
Capsule hotels come to India! Starting with one location in Noida, the startup will provide affordable, hygienic, tech-driven stays in IT hubs and near religious sites. The budget hotel market in India is $20B and growing 13-15% a year. $500K pre-seed round. Nitin was the founder of 247around (acquired by Servify), repair and maintenance for home appliances. Himanshu comes with a decade of experience as a customer experience manager.
Building a network of nano satellites for enterprises to run compute in lower earth orbit. Their test satellite was launched on ISRO's PSLV in December. ₹5.5CR pre-seed round. Other investors in this round: AC Ventures. Ronak, a software engineer, spent 12 years as co-founder of Reliance acquired NowFloats.