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.
Fashion brand, Thiruvananthapuram based. Fun shirts and sarees, here: https://www.mydesignation.com. $1.25M seed, including Dominor Investment Holdings, Green Trunk Ventures. Husband-wife duo Swaroop and Gopika have bootstrapped for eights years, out of college.
AI-powered visa application platform - 1.5 lakh visas processed so far. Available on its own website and embedded into partners like ixigo and SpiceJet. $2M seed round, other investors include Thinkuvate. Founders: Vijayendra (ex-Zomato, ixigo, MobiKwik) was most recently VP of International Sales at White Hat Jr, while Dhruv is a software engineer from MobiKwik. Comps: StampThePassport (angels), Atlys (A16Z, Peak XV, Elevation, DST). How is this space evolving? This February, Atlys acquired the UK subsidiary of Artionis, a Swiss outsourcing partner for governments worldwide. Beyond visas, Atlys now provides eSIMs, forex and travel insurance.
AI-powered "Product Experience Management" platform. Online sellers can create, manage and distribute product listings across channels - with automated catalog creation, product listing updates and visual content generation. Pre-seed round, amount undisclosed. Angels in the round: Sangeet Agarwal and Navin Parval (Mokobara), Rohin Mittal (AdYogi). Founders: Himanshu is ex-Reliance Retail and P&G; Ankit and Vipin are ex-AdYogi. All three worked together at ANS (Flipkart). Comps: some overlap with Phot.AI (InfoEdge, Together, AC Ventures), which focuses on the visuals for cataloging.
Agentic AI driven test orchestration platform. Pre-seed round, amount undisclosed. The three founders worked together at Ally.io (acquired by Microsoft) and then at Microsoft. Investment thesis captured here: https://eximiusventures.medium.com/why-we-invested-in-devassure-503e7e528c2e
Construction materials marketplace: connects US contractors and distributors directly with vetted manufacturers, offering integrated logistics, quality control and financing. AI is used for pricing predictions, lead-time optimisation and supplier recommendations. $750K pre-seed round. Founders: Harsh built product at US construction tech startup Katerra; Nasir, Raghav and Shubham (not listed here) are from OfBusiness.
Brain health - assessments, neuro-science backed games and clinician advised cognitive health recommendations. $1M round, including Stanford Angels, Dr. Sanjay Arora, Adarsh Narahari (Primus), Juhi Bhatnagar (Forj Capital). Founders: Issac is from marketing (Discovery, Puma); Rahul, an Antler India Resident, co-founded YAYSHOP (conversational commerce for MSMEs, acquired by Infra.Market).
Soon to launch NBFC that got its license on 11 April. It will provide microloans against property to small businesses, starting with 15 branches in MP. $2.5M seed round, apparently at a $5.9M post-money valuation. The three founders spent between 13 and 20 years each at ICICI - as Zonal Head, MFI Head, Product Head (Business Banking).
Korean/Korea-inspired lifestyle brand, retailing across four stores (BLR, HYD, Pune, Nashik) and online. Caters all things K - beauty, toys, home and more. Expanding via franchisees. ₹5CR seed round, including Arun Venkatachalam (Murugappa Group), Sangeet Agrawal and Navin Parwal (Mokobara), Yogesh Kabra (XYXX). Mohit is from sales (Lentra, Vedantu, Bjyu's); Gaurav was a Master Distributor for Revlon for a decade. Comps: Seela Mart (more grocery focused), Korikart (online) - neither seem funded. Japan inspired MINISO now has 300+ stores in India. As Forbes notes, India has seen "6.2 million posts in the last two years discussing K-drama, K-pop, and K-beauty trends, predominantly among the 19 to 24 age group." Read here: https://www.forbesindia.com/article/leadership/not-just-kpop-indians-are-in-love-with-korean-selfcare-too/94970/1
Designs and manufactures EV charging solutions including chargers for OEMs as well as public charging stations. This covers the full suite - EV chargers, connectors, vehicle charging inlets and the Charging Management System (CMS) - for 2 wheelers, 3W and 4W. The company is a key supplier to OEMs including Ather, Bajaj Auto, Greaves (Ampere). Started in 2017. $3M raise in what appears to be the company's first external round. JV between MEHER Group, Deki Electronics and Sungho Electronics.
Sets up carbon neutral Edge Data Centers (EDCs). Claims 15 centers have been set up so far, in about two years. Limited information available on this company and its clients. $500K pre-seed round. Founder Shishir is the founder of Kurativz Technologies, an IT services firm.