Beej Daily Updates (21-08-2023)
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Business Communication Platform Thena Raises $5 Mn Seed Funding
Thena, a?leading customer communications and intelligence platform that helps businesses manage customers on messaging platforms like Slack, has raised $5 million (Rs 41.3 crore) in a seed funding round. As per the startup, the freshly raised funds will be used for product development, market expansion as well as expanding the team.Thena not only has an inspirational vision and mission, but its core team has previously scaled a $100M ARR business from the ground up, proving their ability to build through market cycles with tenacity, innovation, and speed. Their vision of the future of all customer communication – from static to dynamic
Insurtech Startup Covrzy Raises Rs 3.2 Cr In Pre-Seed Funding
Covrzy, a Bengaluru-based insurtech startup, has raised $386,438 (around Rs 3.2 crore) in a pre-seed funding round. As per the startup, the freshly raised funds will be used to develop its technology stack and hire talent.The micro, small and medium enterprise-focused platform aims to make business liability insurance simple, personalized, and accessible for over 60 million MSMEs and startups across India.
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Bengaluru-based Kreo Raises Rs 6.5 Cr In Seed Funding
Kreo, a Bangalore-based consumer electronics brand, has raised Rs 6.5 croreas part of a seed funding round. Aims to equip gamers and content creators with top-notch hardware solutions and also to build a close-knit, all-encompassing community where users can truly feel they belong as a cohort. They are in an era where content creation and gaming are evolving into highly lucrative professions, with ad revenue shares climbing to as much as 75%. ts strategy is to tap into India’s rapidly evolving electronic consumer device market, which is projected to grow at a CAGR of 15-20 per cent and reach a staggering Rs 1,40,000-1,80,000 Cr by 2025.
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