D2C Fashion Brand Libas Secures Rs 150 Crore Funding from ICICI Ventures 

libas ethnic wear

Libas is a D2C fashion ethnic startup that has secured Rs 150 crore in a funding round led by ICICI  Ventures. This is also the first time that the fashion brand has raised external funding. The brand is  planning to use this fund to scale up operations, enhance its platform, and aim for expansion in the  fashion market. The brand provides high-quality ethnic wear clothing. 

According to inc42, the startup plans to use this amount to grow its offline expansion across the  country and increase its exclusive brand and retail outlets across metros and Tier-1,2,3 cities. The CEO  of Libas, Sidhant Keshwani told inc42, that a portion of this fund will be used to enhance the technical  aspects of the team and they will invest more in marketing. The startup will focus on omnichannel  mode of marketing. The startup claims to provide fashionable, upbeat, and stylish collection of ethnic  and fusion wear created by integrating them with fashion trends worldwide. 

Image source: Libas.in 

The trust of investors shows the market potential of this startup. Senior director of private equity at  ICICI Ventures said that the startup has already shown industry leading growth characteristics in a  capital efficient manner. The company plans to expand in offline market and solidify its digital presence across the country. The company sells ethnic wears in both online and offline channels and reported a  revenue of Rs 500 crore in FY24 

Last year, the startup opened around 15 Excusive brand outlets and plans to open over 250 outlets by  2026-27. The company is expected to have an annual revenue of Rs 1,000 crore by the end of FY25.  Inc42 predicted that the fashion ecommerce market is expected to reach more than $112 billion mark  by 2030. Earlier this month, Lyskraft, an omnichannel Fashion startup has raised $26 Million in seed  money in its early-stage round led by Peak SV partners. Additionally, Meesho also closed its first  funding round at $275 million. The startup competes with Flipkart-owned Myntra, and Nykaa Fashion,  among others. 

Conclusion: 

D2C fashion and etnchic wear startup, Libas managed to secure Rs 150 crore in a funding round led by  ICICI ventures. The company plans to use this fund to scale up operations, enhance its platform, and  aim for expansion in the fashion market. The brand provides high-quality ethnic wear clothing. This  startup plans to use this amount to grow its offline expansion across the country and increase its  exclusive brand and retail outlets across metros and Tier-1,2,3 cities. Libas claims to provide  fashionable, upbeat, and stylish collection of ethnic and fusion wear created by integrating them with fashion trends worldwide. The startup opened around 15 Excusive brand outlets and plans to open over 250 outlets in next two to three years. The company sells ethnic wears in both online and offline channels and will compete with brans like Nykka fashion and myntra. This investment of Rs 150 crore will benefit both companies by providing innovative solutions.

LogistiEX Secures $250K in Bridge Round Led by Pace Family Office

logistix

Logistiex is a new-age e-commerce startup that has secured a funding of $250k in bridge round led by  PACE family office. Some other investors participated in this round including angel investor, Siddhant  Khemka. The startup will use this fund to enhance its platform, product development and expand its  technical team. The company previously raised $425k in its pre seed fund round. 

Founded by Sarvartha Kanchan and Vineet Agarwal, this startup helps its customers to manage their  e-commerce presence using the Logistiex Universal platform. The platform is generating revenue and  is in a beta stage. The CEO of Logistiex highlighted that the approach of startup is influenced by their  founding team and experience in e-commerce and tech platform. The startup aims to provide  innovative solutions with simplified e-commerce backend in India. The company follows multi-channel  ecommerce business model. The startup provides solutions in planning, 4PL, distribution and AI.  

Image source: logistiex.com 

Entrackr reported that the startup has recently launched the MVP for its platform, leading them to  experience a notal increase in system adoption. The startup coffers an intellengent platform that claims  to solve customer experience for the new age of commerce. The platform levarages the AI-driven  genetic algorithms, 3PL network solution and a modular supply chain to optimize the process. The  customers can have access to tracking of trips to maximise vehicle utilization and optimize transit  times. This startup is planning to utilize this fund to scale up its operations while enhancing its platform  and technology. 

The universal API helps developer to connect to any e-commerce platform, logistic service provider,  and marketplace through a simplified single API. The startup claims to offer best-in-class fulfilment  cost and customer NPS, in e-commerce and supply chain. This e-commerce platform utilizes  technology to digitally manage retailers’ demand and provide them with solutions directly. The existing  investor of Logistiex showed their confidence in the innovative solutions and potential of the startup. The e-commerce sector is growing rapidly from past few years. The startup utilizes technology to  increase the productivity and efficiency of the platform.  

Conclusion: 

New-age e-commerce startup, Logistiex has secured $250k in bridge round led by PACE family office.  They have raised $250k in funding to increase technical team, product development and platform. The  startup raised this funding amount from its existing investors and angel investor inclludinf Siddhant  Khemka. The startup is aiming to helps its customers to manage their e-commerce presence using the  Logistiex Universal platform. The startup aims to provide innovative solutions with simplified e commerce backend in India. The company follows multi-channel ecommerce business model. The  platform levarages the AI-driven genetic algorithms, 3PL network solution and a modular supply chain  to optimize the process. This e-commerce platform utilizes technology to digitally manage retailers’  demand and provide them with solutions directly. The company previously raised $425k in its pre seed  fund round. The platform helps developer to connect to any e-commerce platform, logistic service provider, and marketplace through a simplified single API.

Wealth Management Platform Wealthy Secures $5.4 Million from Alpha Wave

Wealth Management Platform Wealthy

Wealthy is a wealth management platform that has secured $5.4 million in its first funding round. This  round was led by Falcon Edge’s Alpha wave incubation Fund and had participation of other investors  including Savrola Lakshmi LLC. Alpha Wave led the round with Rs 20.7 crore followed by Savrola  Lakshmi LLC with Rs 16.38 crore and rest of the Rs 7.92 crore came from individual investors.  

The board has approved a resolution to allot 47,222 CCPS at an issue price of Rs 9,556 each to raise  $5.4 million. According to the company filing, the startup will use these fresh proceeds for working  capital purposes and market expansion. Founded by Aditya Agarwal and Prashant Gupta, this startup specializes in offering investment management and tracking tools to retail investors. The startup  provides a financial services platform that uses various technologies to offer its customers with 

financial advisory, transaction capabilities and access to wealth management professionals. This  investment shows the trust of Alpha Wave in Weathy’s market potential and business model. 

Image source: wealthy.in 

The startup claims to have done more than Rs 4,500 crore of investments thought its wealth  management platform. After this round, the existing investor Alpha Wave holds the largest external  stake with 24.16 percent. The startup had 8 time more increase in its loss in FY23, while its revenue  increased by 57.2% and reached Rs 11.82 crore mark. The startup competes with Deserv, Cube Wealth,  and stable Money, among others.  

The startup claims to process investment request in 24 hours. The company will be using this fund to  strengthen its platform, make it more secure and expand across the country. Wealthy intends to use  this amount to scale up its in-house infrastructure, hire teams for business development, expand to  the global market, and advance its technology. Wealthy offers a platform that offers both efficiency  and speed in the investment process helping users to make faster and efficient investments with wealth management. 

Conclusion: 

Wealthy is a Bengaluru-based startup offering wealth Management platform for faster and secure  investments. The startup got fresh capital of $5.4 million from Falcon Edge’s Alpha wave incubation  Fund. The funding round had participation from other investors including Savrola Lakshmi LLC. The  company plans to use this amount to scale up its in-house infrastructure, hire teams for business development, expand to the global market, and advance its technology. Alpha Wave led the round  with Rs 20.7 crore followed by Savrola Lakshmi LLC with Rs 16.38 crore and rest of the Rs 7.92 crore  came from individual investors. After this round, the existing investor Alpha Wave holds the largest external stake with 24.16 percent. The startup claims that it uses various technologies to offer its  customers with financial advisory, transaction capabilities and access to wealth management  professionals. The company’s board approved the resolution to allot 47,222 CCPS at an issue price of  Rs 9,556 each to raise $5.4 million. The startup competes with Deserv, Cube Wealth, and stable Money,  among others. 

TechEagle Raises Funding Co-Led by Navam Capital and IPC to Enable Drone Deliveries for E-Commerce Platforms 

techeagle

Techeagle is a Drone Tech startup that has raised an undisclosed amount in its funding round co-led by  Navam Capital & Inflection Point Ventures. Other investors who participated in the round are Venture Catalysts, a clutch of high-net-worth individuals, and the founder of Paytm, Vijay Shekhar. The startup  raised the amount to offer drone delivers to ecommerce platforms. 

The startup will use this fund to launch higher payload drones for delivers, while scaling up and  expanding its operations across the country. Founded by IIT-kanpur alumni, Anshu Abhishek and  Vikram Singh Meena, this startup enables on-demand drone delivery for its clients. The CEO and co founder of TechEagle, Vikram Singh Meena said that the startup will aim to expand and enable more  faster and affordable delivers with the support of its investors. The company aims to solidify its position  in the drone logistic industry. 

Image source: teacheagle.in 

The existing investor, IPV showed trust in the startup’s potential and highlighted the positive impact  made by TechEagle by using cutting-edge technology in logistic industry. The startup focuses to make  delivery accessible in urban and semi-urban areas using its technology. Last year, TechEagle raised  $500k in its seed funding round led by India Accelerator. The startup is backed by Navam Capital,  Inflection Point Ventures, BlueeDart Express and Gramin Healthcare. The drone market is growing at  the CAGR rate of 21% across the country.  

The startup claims to have worked for big names in industry including AIIMS, swiggy, Vodafone-Idea,  the world bank, and Multiple state government. Investors are intrested in drone-tech startup as many  companies want to use drones to streamline deliveries. Recently, a logistic startup, Delhivert  mentioned about opening new subsidiary to manufacture drones and provide drone services. The  company offers real-time monitoring updates about the delivery of products. The startup also saw an  increase in Express Parcels shipment by 11% in FY23. Another drone dtartup, Yali Aerospace had a  huge investment from Saas firm Zoho. The startup specializes in providing drone solutions for logistics,  medical, and surveillance. 

Conclusion: 

TechEagle, a drone logistic startup got an undisclosed amount of fund in a funding round co-led by  Navam Capital & Inflection Point Ventures. The startup offers easy-to-use technology enables on demand drone delivery for its clients. Other investors who participated in the round are Venture Catalysts, a clutch of high-net-worth individuals, and the founder of Paytm, Vijay Shekhar. The startup  will use this fund to launch higher payload drones for delivers, while scaling up and expanding its  operations across the country. The startup plans to enhance itstechnology and aim for larger customer  base. TechEagle raised $500k in its seed funding round led by India Accelerator and is backed by Navam  Capital, Inflection Point Ventures, BlueeDart Express and Gramin Healthcare. TechEagle by using  cutting-edge technology in logistic industry. The startup focuses to make delivery accessible in urban  and semi-urban areas using its technology. According to a prediction b=made by inc42, the drone  market in India is expected to expand to a size of $13 billion by the end of 2030.

Infra.Market Secures $50 Million Funding from Mars Unicorn Fund

inra.market

Infra.market is an Indian construction startup that has secured $50 million from MARS Unicorn Fund. The startup supplies building materials and construction materials suppliers. This real estate tech funded startup has reached $100 million after the investment from MARS. Infra.Market is expected to  have $2.5 billion. The funding round held previously had participation from Nexus, Tiger Global, Accel,  etc. 

Founded by Aaditya Sharda and Souvik Sengupta, this startup sells construction materials, technical  equipment, and infrastructure goods. The company is said to be targeting the $140 million  construction materials market to strengthen its lead in the infrastructure sector. The startup claims to  supply its material across 16 cities in India while exporting globally to countries including Singapore,  Dubai, Italy, and Jordan among others. Last year, as its plan for market expansion, the startup acquired  RDC Concrete for $90 million in September. Infra.Market has raised $500 million across all its debt and  equity rounds.  

Image source: infra.market 

TheKredible reported that the largest external stakeholder of the startup is Tiger Global with a 21.33%  stake, followed by Accel and Nexus Ventures. This Indian construction startup is one of the few  unicorns in the country that managed to have nine times growth in gross scale between FY21 and FY23  while remaining profitable. TheKredible said that the gross revenue of this startup rose to Rs 11,846  crore in FY23 meanwhile the profit decreased by 17% reaching Rs 155 crore from Rs 187 crore in FY22. The startup will be using this funding amount to further improve its services, expand in the market,  enhance its technology, and scale operations. 

The founder and CEO of infra.market told TechCrunch that they will continue to focus on their original vision of becoming India’s Largest multi-product construction material company. The startup aims to  transform the construction materials supply chain domestically and globally. The company is backed  by Accel, Foundamental, Nexus Ventures, and Tiger Global. The investors showed trust in this startup  by highlighting the company’s work to remake construction and infrastructure projects in India and  globally.  

Conclusion: 

An Indian construction startup, Infra.Market secured $50 million from a MUFS-backed fund. The  startup reached $100 million after this investment of MARS, valuing it at $2.5 billion. The startup sells  construction materials, technical equipment, and infrastructure goods. The company is said to be  targeting the $140 million construction materials market to strengthen its lead in the infrastructure  sector. The startup claims to supply its material across 16 cities in India while exporting globally to countries including Singapore, Dubai, Italy, and Jordan among others. The company is backed by  Foundamental, Accel, Nexus Ventures, and Tiger Global. The investors showed trust in this startup by  highlighting the company’s work to remake construction and infrastructure projects in India and  globally. The company is said to be targeting the $140 million construction materials market to  strengthen its lead in the infrastructure sector. Besides, it also aims to further develop its flagship  design product and a solution around manufacturing and infrastructure. This startup is planning to use  this investment for its market expansion.

Avaada Energy Secures $38 Million from AIFL for Captive Solar Project in Karnataka

Avaada Energy

Avaada Energy is a subsidiary of Avaada Group. The company has recently secured a $38 million  investment from Assem Infrastructure Finance Ltd. This amount raised is for the captive solar project  in Karnataka by AIFL which is an Infrastructure Finance company that aims to work as a transformative  factor in the growth of Indian infrastructure debt financing.  

The company has secured an investment of Rs 315 crore for its solar power project, which is being  developed under a long-term captive power purchase Agreement with Karnataka Cooperative Milk  Producers Federation Ltd. Et reported that this captive solar project is located in Kalaburagi, Karnataka.  The Chairman of Avaada Group, Vineet Mittal highlighted that this investment of Aseem Infrastructure  Finance showcases the “long-standing” relationship between the two companies. The funding will help  Avaada Energy to develop the captive project, illustrating the impact of energy transition across the  Indian economy.  

Image source: Avaada.com 

Avaada Energy claims to benefit the environment with its technologies. The startup is backed by its  strong Engineering, Procurement & Construction capabilities. The company decided to use this fund  to grow further and expand in the market as well as use it on scaling up the operations. Avaada Energy  claims that they have executed over 4GW of renewable capacities across varied geographies in the  country. 

The company offers various transformative energy solutions for wind, green hydrogen, and solar  technologies. The company aims to make a sustainable future. Tofler reported that the operating  revenue for Avaada Energy ranged over Rs 500 crore for FY23, while its EBITDA increased over the  previous year by 378.46 percent. Despite the decrease in revenue compared to FY22 in operational  expenses, the startup holds a strong commitment to future growth and profitability in this sector. The  company decided to use this fund to grow further and expand in the market as well as use it to scale  up its operations. 

Conclusion: 

Avaada Energy is an arm of Avadda Group. They have secured $38 million in funding round this time.  This amount raised is for the captive solar project in Karnataka. The company’s success in winning the  largest single bid for a solar project with a 1,050 MWp capacity and its robust financial performance in  FY23. The funding will help Avaada Energy to develop the captive project, illustrating the impact of  energy transition across the Indian economy. Avaada Energy claimed to have won the single largest  bid of 1,050 MWp capacity of solar project on a recent tender issued by NTPC. The ongoing project  with the Karnataka Cooperative Milk Federation further demonstrates Avaada Energy’s commitment  to sustainable development and its potential to drive a substantial positive impact on the Indian  economy. This startup plans to scale up its existing segments, enhance its platform, and expand in the  renewable energy sector. The Chairman of Avaada Group, Vineet Mittal highlighted that this  investment of Aseem Infrastructure Finance showcases the “long-standing” relationship between the  two companies. The funding will help Avaada Energy to develop the captive project, illustrating the  impact of energy transition across the Indian economy.

Euler Motors Secures $24 Million in Series C Round Led by Piramal Alternatives India Access Fund

Euler Motor

Euler Motors is a commercial electric vehicle manufacturer startup that has secured $24 million in its  series-C round led by Piramal Alternatives India Access Fund. This funding round also had participation  from both its new and existing investors including Blume Ventures and British International  Investment.  

The startup disclosed in the press release that it will use these fresh proceeds to raise servicing  infrastructure in 40 cities by 2025 and to strengthen its Pan-India presence. This Delhi-based startup  also claims to have secured $68.6 million in its series C round. According to a report by ET this startup  had preliminarily raised nearly $14.5 million in an extended Series C round co-led by Blume Ventures  and British International Investment. The startup has raised a total of $92 million to date. TheKredible,  a startup data intelligence platform valued Euler Motors at $160 million during the previous series C  round. 

Image source: Eulermotors.com 

Euler Motors claims to have sold over 3,700 vehicles and has transported items in the range of 45  million km. The startup has expanded its hubs to more than 22 cities across the country. Euler  previously reported to have laid off 10% of its employees to save money. The startup competes with  known names in the Electric Vehicle industry including Mahindra Electronics, Kinetic Green, Tata, and  Piaggio, among others. 

Euler registers revenue of Rs 61.53 crore from its operations in FY23. The company also faced five times more loss in FY23, it went to Rs 174.73 crore from Rs 36.33 crore in FY22. The startup will use the  amount raised from its series C to make its platform stronger and reach more people around the world. The electric vehicle sector is growing gradually across the Country as consumers are becoming more  interested in this sector. 

Conclusion: 

Euler Motors is an electric vehicle manufacturing startup that has raised a $24 million fund in a pre series C round from Piramal Alternatives India Access Fund. This Delhi-based startup also claims to  have secured $68.6 million in its series C round. According to a report by ET this startup had previously  raised almost $14.5 million in an extended Series C round co-led by Blume Ventures and British  International Investment. Euler Motors claims to have sold over 3,700 vehicles and has transported items in the range of 45 million km. The startup has expanded its hubs to more than 22 cities across  the country. The startup will use the amount raised from its series C to make its platform stronger and  reach more people around the world. Euler registers revenue of Rs 61.53 crore from its operations in  FY23. The company also faced five times more loss in FY23, it went to Rs 174.73 crore from Rs 36.33  crore in FY22. The startup is planning to use the fund to scale up the operationsto meet working capital  requirements and aim for market expansion. The startup has expanded its hubs to more than 22 cities  across the country.

Agritech Startup Farmart Secures $2.8 Million to Optimise Supply Chain Operations 

Agritech Startup Farmart

Farmart is an Agritech startup that has secured $2.8 million in a financing round from the Swiss asset  manager responsAbility Investments. The startup will use these fresh proceeds to strengthen and grow  towards a carbon-efficient food supply chain. While scaling up the business Farmat aims for more  public exposure and market demand. Inc42 reported that Farmat will use responsAbilitiy’s expertise  and technology to optimize its supply chain as a part of its deal.  

The co-founder and CEO of FarMart, Alekh Sanghera mentioned that sustainability is the core of this  startup and the investment from responsAbility helped them strengthen their orientation and  expertise in sustainability. The investment will help this agritech startup move towards a carbon efficient food supply chain and help the startup achieve its vision of a food-secure world.  ResponsAbility’s APAC Neha Baid showed their support towards the startup by highlighting the  solutions offered by the company for efficient supply chain and logistics. The company is scaling impact  with FarMart through its financing and climate advisory expertise.  

Image source: Farmart.co 

Founded by Mehtab Singh Hand, Lokesh Singh and Alekh Sanghera, this agritech startup aims to help  global food brands obtain food items directly from farmers. The startup claims to have a network of 3  million farmers to help over 2,000 food manufacturers across some countries including parts of Asia,  the Middle East, and Africa. This B2B startup uses Artificial Intelligence technology to check food  quality throughout the value chain. FanMart has raised $44 million in funding to date and is backed by  General Catalyst, Omidyar Network, Matrix Partners, and Avaana Capital. 

The Indian Agritech market is growing rapidly and seems to incorporate AI for smart agriculture  practices. The startup utilizes technology to increase the quality of agricultural productivity and efficiency while reducing wastage. This agritech startup offers various agriculture-related products.  The startup claims to be India’s first SaaS-based B2B food supply platform. The company offers a mobile  app that revolutionizes food sourcing and processing by making it more efficient and faster.  

Conclusion: 

FarMart is a B2B food supply platform that has secured $2.8 million in a funding round led by Swiss  asset manager responsAbility Investments. The startup will use this funding to strengthen and move towards a carbon-efficient food supply chain. While scaling up the business Farmat aims for more  public exposure and market demand. The investment will help this agritech startup move towards a  carbon-efficient food supply chain and help the startup achieve its vision of a food-secure world. This  agritech startup aims to help global food brands obtain food items directly from farmers. This B2B startup uses Artificial Intelligence technology to check food quality throughout the value chain. As the  agritech industry evolves, everyone is looking forward to FanMart’s future trajectory and its  contributions to the agritech sector. FanMart has raised $44 million in funding to date and is backed  by General Catalyst, Omidyar Network, Matrix Partners, and Avaana Capital. Farmat will use  responsAbilitiy’s expertise and technology to optimize its supply chain as a part of its deal.

Robotics Startup Difacto Secures $4.8 Million in Funding Round Led by Stakeboat Capital

Robotics Startup Difacto Secures

Difacto is a robotics and automation startup that has raised $4.8 million in its maiden funding round  led by private equity firm Stakeboat Capital. The CEO of Difacto, Ajay Gopalswamy told ET that the  startup would use this fund to expand in different sectors including cars, electronics, and home  appliances.  

Founded by Ajay Gopalswamy this robotic and automation startup specializes in providing robotic  solutions to the Indian manufacturing sector. The startup operates in four segments including welding  systems, material handling, foundry, fluid dispensing & machine tending systems. Digavto works with  known tech titans including Maruti Suzuki, Mahindra Group, Tata Group, and Toyota India. The startup  has served customers in more than 15 countries since 2007 and claims to have delivered more than  1000 projects to 300 customers internationally.  

Image source: Linkedin (Difacto official account) 

Ajay Gopalswamy told ET, that the company had deals of Rs 175 crore in FY24 and is anticipated to  grow and reach Rs 225 crore by FY25. Difacto is a Gurgaon-based tech startup that claims to be a  leading Robotic solution provider in the Indian manufacturing industry. The startup has offered varied  automation solutions to its clients since its formation. With the new funding, Difacto is aiming to  expand into new markets and accelerate the global adoption of its robotics solutions.  

The rapidly growing interest of the world in this sector presents numerous opportunities for this startup to enhance the robotics and automation landscape. India’s robotic and automotive industry is  predicted to experience a CAGR of 12.7% and reach more than $12 billion by 2026. Recently Softbank,  a Japanese technology company that invests in companies operating in technology offering goods and  services to customers, disclosed its plan to invest $150 million per deal in Indian Robotics startup and  data centers. SoftBank is currently looking at AI cases with large opportunities. The investment may  involve a greenfield data center project by a large corporation or manufacturing unit. 

Conclusion:  

Robotics and Automation startup, Difacto has recently raised $4.8 million in a financing round. The  round had the participation of new and existing investors which are not yet disclosed by the company.  The financing round was led by the private equity firm Stakeboat Capital. This Gurgaon-based startup  will use this fund to expand in different sectors including cars, electronics, and home appliances. The  startup operates in four segments including welding systems, material handling, foundry, fluid  dispensing & machine tending systems. The startup claims to have an increase in sales and is expecting  to grow and reach Rs 225 crore by FY25. The robotic and automotive industry is predicted to reach $12  billion by 2026. Recently, SoftBank disclosed its plan to invest $150 million per deal in Indian Robotics  startups and data centers. With the new funding, Difacto plans to expand into various sectors and  accelerate the global adoption of its robotic solutions. This Gurgaon-based startup will be giving  competition to Zenrobotics, and Ecorobotis, among others.

Climate Tech Startup  Cloover Raises $114 Million in Seed Round Backed by Lowercarbon Capital

Climate Tech Startup Cloover

Cloover is a German-based climate-tech startup that has raised $114 million in debt and equity in a  seed funding round led by Lowcarbon Capital. The startup uses technology that allows smaller  companies to handle renewable installations in Europe and access all other parts of the value chain.  This allows them to track down customers and offer financing while selling multiple products at once. 

A regional installer can use cloover system to offer customers solar panels, a heat pump, energy  storage, and financing all in one package, factoring in green energy credits. The co-founder of cloover highlighted that the startup provides a worry-free solution where the customer needs to pay less per  month than before and can have a small installer with a whole package. At present the startup has offices in Germany, Sweden, The Netherlands, and Switzerland. However, with the fund, this startup  aims for market expansion in countries including Spain, France, and Britain. The startup has secured  $114 million in seed funding round to ensure the growth of its operating system for renewable energy. 

Image source: clover.co 

The funding amount would help the startup enhance its technology, increase its distribution network, and scale up its operations. This investment will help the startup grow and strengthen its platform and  services while offering greater value to its clients and investors. Cloover offers funding to a larger group of clients than banks because it takes into account the savings from cheaper bills in an underwriting  process. The funding will help Cloover scale up its operations and expand its market reach. Cloover  offers a platform designed to integrate with businesses, enhancing their value chain and customer  journey with technology, data, and finance. 

This Germany-based startup is planning to utilize this fund to scale up its operations, and research  centers, and enhance its technologies. Cloover’s mission is to enable 1 billion people to be part of a sustainable world by providing worry-free access to renewable energy. This climate-tech startup uses  Artificial intelligence, the Internet of Things, and various other technologies to improve and enhance  renewable energy. With its advanced climate-smart technologies, the startup aims to empower  customers globally. 

Conclusion: 

Cloover is a climate-tech startup that focuses on renewable energy and uses technology that allows  smaller companies to handle renewable installations in Europe and access all other parts of the value  chain. The startup recently received $114 million in debt and equity in a seed funding round led by  Lowcarbon Capital. The startup provides a worry-free solution where the customer needs to pay less  per month than before and can have a small installer with a whole package. The funding amount would  help the startup enhance its technology, increase its distribution network, and scale up its operations.  This investment will help the startup grow and strengthen its platform and services while offering  greater value to its clients and investors. This climate-tech startup uses Artificial intelligence, the  Internet of Things, and various other technologies to improve and enhance renewable energy. 

Zoho’s Sridhar Vembu Invests in Drone Startup Yali Aerospace 

Drone Startup Yali Aerospace

Yali Aerospace is a drone startup that had an investment from the co-founder and CEO of a SaaS firm,  Sridhar Vembu. According to some reports, Vembu is planning to enter the chip-making business with  an investment plan of over $700 million. This Tamil Nadu-based startup has raised funding from Zoho  for the development and deployment of its Vertical take-off and landing drone.  

Yali’s Drone was founded in 2022 by Dinesh, Mathuravani, and Anugraha to offer easy-to-use technology for military and civil purposes. The startup specializes in providing drone solutions for  logistics, medical, and surveillance. The startup manufactures Vertical take-off and landing drones to transform healthcare delivery, including fight controllers and navigation systems in-house. The startup  

aims to use its VTOL drones to facilitate long-distance delivery of medical commodities including blood,  organs, and other necessities. The startup aims to make drone services easy to use and accessible to  all 

Image source: yaliaero.com 

This investment of Zoho highlights the market potential and innovative model of the startup. The  current drone model by Yali comes with a 7kg payload and 150 km per hour speed. The startup is  planning to start its first pilot project by the end of September. The company will use the fund to  enhance its technology and move toward its goal of receiving the drone certification. Inc42’s analysis  showed that India has over 200 drone tech startups with an overall investment of $140 million since  2014. This drone startup is planning to enhance its technology and scale up its operations.  

The Indian drone market is predicted to increase in size and reach the $13 billion mark by 2030. This  investment aligns with Zoho’s recent aim of expanding its software solutions. This collaboration of a  software giant and India’s leading drone startup will change the landscape of Medical Logistics and  technology in India. Another report by EY-FICCI mentioned that the growth of India’s drone industry  may value this sector at $23 billion by 2030. This startup competes with Skye Air and Redwing Labs,  among others. 

Conclusion: 

Yali Aerospace, a drone startup based in Tamil Nadu got backed up by the software giant Zoho. Yali’s  Drone offers easy-to-use technology for military and civil purposes. The startup specializes in providing  drone solutions for logistics, medical, and surveillance. The startup manufactures Vertical take-off and  landing drones to transform healthcare delivery, including fight controllers and navigation systems in house. The startup aims to use its VTOL drones to facilitate long-distance delivery of medical  commodities including blood, organs, and other necessities. The startup plans to enhance its  technology and receive drone certification. The startup manufactures Vertical take-off and landing  drones to transform healthcare delivery, including fight controllers and navigation systems in-house. This investment is also Zoho’s step towards expanding its software solutions. This collaboration of a  software giant and India’s leading drone startup will change the landscape of Medical Logistics and  technology in India. The drone market is expected to reach $13 billion by 2030 in India.

Social Media Startup Flam Raises $4.5 Million in Pre-Series A Round Led by Turbostart and Twin Ventures 

Social Media Startup Flam

Flam is an AI-powered fixed reality MR platform that has secured $4.5 million in a pre-series A round.  The funding round had participation from its existing and new investors including SVQ, 9unicorns, Twin Ventures, Turbostart, angel investors, Alphatron Capital, and various family offices. solutions. The amount raised from this round will strengthen the platform and expand into the global market.  

Entrackr reports, that the startup aims to expand its MR platform into North America, the MEMA  region, and Europe. Founded by Shourya Agarwal, this startup aims to revolutionize the market  landscape by offering an MR platform that can be accessed via phone cameras. The platform has  worked with global brands including Netflix, Britannia, AJIO, Wargaming, Heeramandi, and HPP. Flam  uses its MR technology to transform print, TV, and digital advertisements into engaging experiences for customers. The platform can be accessed on all Android and iOS mobile devices.  

Image source: flamapp.ai 

Flam uses an AI-enabled fixed reality MR that enables rapid creation and deployment of MR content.  It also features the fastest image recognition and ground tracking with the help of its Artificial  intelligence algorithms. Flam claims that their technology is scalable and capable of serving millions of  users. Turbostart’s CEO, Ganesh Ranju, one of the investors of this startup mentioned that Flam makes MR accessible to customers very effortlessly and eliminates the need for headsets, web AR, or any  addition, making it accessible through simple linksfrom any social media including websites and offline  channel.  

Artificial intelligence has advanced interactions between brands and customers using AI algorithms and predictive analysis. AI continues to evolve and predict customer behavior while analyzing  customer engagement to target a specific group of audience and use it for automating marketing. The  Indian advertising market is predicted to grow a CAGR of 9.86% by 2025 to Rs 1.12 lakh crore. The  investment will help Flam in strengthening its services and platform while offering greater value to its  investors and customers. 

Conclusion: 

Flam is AI startup, that has launched an enterprise-ready, end-to-end MR platform and has secured  $4.5 million in a pre-seed funding round. The funding round had participation from its existing and  new investors including SVQ, 9unicorns, Twin Ventures, Turbostart, angel investors, Alphatron Capital,  and various family offices. solutions. The startup aims to expand its MR platform into North America,  the MEMA region, and Europe. Founded by Shourya Agarwal, this startup aims to revolutionize the  market landscape by offering an MR platform that can be accessed via phone cameras. The platform  can be accessed on all Android and iOS mobile devices. Flam makes MR accessible to customers  effortlessly and eliminates the need for headsets, web AR, or any addition, making it accessible  through simple links from any social media including websites and offline channels. Artificial  intelligence has advanced interactions between brands and customers using AI algorithms and  predictive analysis. The amount raised from this round will strengthen the platform and expand into  the global market.