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.
Neo bank providing a high yield savings bank account (partner: Yes Bank), on the back of fixed income mutual funds (partner: ICICI Prudential). Aims to provide >2x the typical savings account interest rate. Customers can spend from their account using UPI. $1.2M raised in this seed round.
Quantum computing startup. The company aims to develop a general purpose quantum computer in the next five to six years based on photonic quantum technology (i.e. using photons as data units). There are half a dozen startups (at least) developing a photonic quantum computer globally, based in the UK, Canada and the US. $2M seed round.
Quick commerce app for consumers, leveraging local kiranas and supermarkets. Runs off ONDC and empowers local businesses to compete with Zepto/BlinkIt/Swiggy. Partner stores pay per lead or a daily rate. Other investors in this pre-seed round (amount undisclosed) include TurboStart, Yatish Talvadia (Founder, MilkBasket) and Vikas Taneja (BCG).
AI-driven meetings and follow-up assistant for financial advisors in wealth management firms. Currently focused on teams of all sizes in the US, from individual to large RIAs ( registered investment advisors) and asset management firms. Other investors in this $2M seed round include Better Capital, SFMG Wealth Advisors and Gregg Fisher (Founder, Quent Capital).
Third party logistics using EVs. Targeting underserved Tier 2 cities. Aims to deploy 2,500 vehicles. Company was formerly known as EV91Technologies. ₹5CR raised in this seed round.
Skilling platform for the BFSI industry. Corporate training to help students become job ready in this industry. Provides online courses and industry recognised certification, in partnership with colleges. $6M raised in this seed round.
FinTech startup building a lending against property tech stack, using its AI powered property score. Helping banks, NBFCs and HFCs accurately value properties for mortgage calculations. Also developing property insurance and property management tools. $1M raised in this seed round.
Members only, quick commerce-first, omnichannel retailer. Focused on premium products, starting with packaged and fresh foods. Founded by Former CBO of Myntra, who was also the CEO of Cleartrip. Company is pre-launch. $8M raised in this seed round.
Luxury e-commerce marketplace for sneakers and streetwear, based in India with global ambitions. Piloting in six international markets. Targeting ₹50CR in FY25 revenue. Comps: The Mainstreet Marketplace, Crepdog Crew. $2M raised in this seed round.
Allogeneic Cell & Gene Therapy (CGT) startup, developing affordable and quality access to curative cell therapies for patients in India and the rest of the world. Fundraise towards setting up an FDA-standard manufacturing facility and entering Phase I trials. $4.2M raised in this seed round.