SV JOURNAL: Issue No. 175

SV JOURNAL: Issue No. 175

This journal provides our readers with comprehensive coverage of the latest updates and advancements within SV and Indian Startup ecosystems.

HOT DEALS ON SVDEAL.COM

  • LimeChat - Experience smooth shopping with LimeChat's AI chatbot, enhancing the buying journey from inquiries to checkouts.
  • Skylark Drones - All-in-one B2B SaaS platform for Drone data processing, analytics, fleet management, and airspace compliance.
  • Supplynote - Transforms hotel, restaurant, and cafe procurement with cloud-based supply chain automation.
  • AroLeap - An AI powered home fitness gym offering a wide array of workouts, revolutionizing fitness without space constraints, ensuring versatile functionality.

LATEST DEALS

  • Store My Goods - Digital first valet storage solution. Operating on an asset-light model, SMG packs & picks, transports, stores, & returns goods to their B2B and B2C customers as per their requirements.
  • EcoWrap - Ecowrap is a technology-driven reverse supply chain model that champions waste segregation at its source.

PAST EVENTS

  • 41st Deep Dive Call

April 3 | 5:00PM - 6:30PM

Startup 1 - Store My Goods - Recording

Startup 2 - Ecowrap - Recording

  • 3rd Demo Day

April 12 | 5:00PM - 7:00PM

Demo Day - Recording

PORTFOLIO INSIGHTS
Soonicorn Ventures
PODCASTS
PEP TALK with VIJAY ft. AKASH GUPTA
MEETUPS
Soonicorn Ventures at Amity Innovation Incubation
INDIAN STARTUP WEEKLY DEAL

Stay informed by perusing our coverage of ongoing deals within the Indian Startup Ecosystem.

Startup Name | Deal Size | Round

  • iBUS | $200 Mn| Undisclosed

Provider of wireless equipment and solutions for telecom industry. It offers to design, deploy and maintain WiFi infrastructure for telecom service providers to offload traffic from their core networks. It also offers IoT and data services for businesses and institutions.

Investors - National Investment and Infrastructure Fund

Technology to produce biogas from waste. It promotes bio CNG, ethanol, and green H2 production. It aims to solve the organic waste management challenges and accelerate the substitution of fossil fuels with bio-energy.

Investors - Punjab National Bank, HDFC Bank, Yes Bank, HSBC Bank, Kotak Mahindra Bank, ICICI Bank, Citibank, Vivriti Capital, Northern Arc, Spark Capital, Tata Capital, SIDBI

Provider of commercial & residential real estate loans.

Investors - Z3Partners, Oikocredit, British International Investment, Aavishkaar Capital, Amicus Capital

Online B2B marketplace platform offering multi-category products. The product catalog includes beauty supplies, industrial goods, construction goods, clothing, etc.

Investors - Fundamentum Partnership, Edelweiss Discovery Fund, Paramark Ventures, Sixth Sense Ventures, IndiaMART

  • Ecozen | $30 Mn| Equity and Debt

Provider of solar-powered irrigation pump controllers. It manufactures and supplies solutions such as solar-powered pumps and pump hubs. Its product Ecotron is a solar-powered pump controller equipped with an analytics platform that enables to live-track frequency, power consumption, motor current, PV voltage, and MPPT performance, and provides performance reports. It offers Ecofrost, a portable solar micro cold storage device for farmers to store fresh fruits, vegetables, flowers, and other perishable commodities.

Investors - Nuveen, InCred Credit Fund, US International Development Finance Corporation

Generative AI platform and services. The platform supports clients discover, plan, deploy, and manage AI-powered solutions. It creates tools to minimize disruptions and facilitate task completion, with AI integration to provide additional assistance and support.

Investors - Matrix Partners India, Nexus Venture Partners, NTTVC

Compliance management platform for SaaS companies. It is a software platform that automates work, monitors controls in real time, and tracks progress. Automated checks, entity-level control mapping, and risk consolidation are some of the features of the platform. It also enables user access through a subscription-based pricing module.

Investors - Accel, Elevation Capital, Blume Ventures

Online platform offering marketplace solutions for waste. It provides solutions for enabling sellers & buyers of waste to transact on one platform, buy or sell recyclable materials, and many more. It also provides solutions such as EPR, end-to-end solutions for waste management centers, and many more.

Investors - 360 ONE Asset Management

  • Ring | $12 Mn| Undisclosed

RING is India's leading payments & lending fintech player. It was launched in 2022 by OnEMi Technology Solutions Pvt. Ltd. (The company behind the legacy of Kissht). Customers can use the RING App to transfer money to their bank or make payments on offline & online channels, including merchant payments for all expenses in one billing cycle at 0% interest within a stipulated time. Mini payments are offered entirely free of transaction costs.

Investors - Trifecta Capital

  • JJG Aero | $12 Mn| Undisclosed

Manufacturer of small components for automotive & aerospace industry

Investors - NCX Partners

University offering mulitple courses & degrees across medical streams

Investors - Matrix Partners India, Lightspeed India, InnoVen Capital, Alteria Capital, Ritesh Agarwal, Gaurav Munjal, Mayank Kumar, Ramakant Sharma, Sumer Juneja

  • Varthana | $10 Mn | Debt

Provider of student and school capital loans. It provides loans and support to affordable private schools in India with the goal of improving access to quality education for India's low-income and middle-class families.

Investors - BlueOrchard Finance

  • AVIOM HFC | $10 Mn | Debt

AVIOM HFC provides housing loans in rural and semi-urban areas catering to both salaried & self-employed. We provide housing loan ranging from INR 50k to INR 5 Lakhs for the purpose of home extension, home improvement & renovation, and for building sanitation facilities to the borrower with informal income with a strong focus on women, thereby promoting women empowerment.

Investors - BlueOrchard Microfinance Fund

Platform offering ESG and accounting and reporting solutions

Investors - Nexus Venture Partners, Sorin Investments

Developer of casual games. It builds AAA titles with an initial focus on mobile games and later expand to other platforms, including consoles.

Investors - Blume Ventures, MIXI, Gemba Capital, Kunal Shah, Gaurav Munjal

Chain of chinese restaurants. These are fast-food restaurants that specialize in momos. Their Menu caters to different flavors of momos available in Steamed, Fried & Pan Fried formats largely in white & brown flour variants. Its products are sizzler momos, MoBurg (Momo Burgers), Tandoori Momos, & a Baked Momo Au'gratin. It also provides chocolate momos for dessert.

Investors - Z3Partners

Online marketplace for personal loans. It enables users to obtain unsecured personal loans with customized terms, amounts, and repayment options. Users must add the required details and apply for the loan. Once approved, the funds are transferred to the registered bank account. The application is available on the Android platform.

Investors - InCred Finance, Grow Money Capital, APV Management

Offers web-based shipping and courier integration platform for businesses. The platform offers pre-integrated carriers, real-time tracking, carrier performance monitoring, return management, NDR management, COD Reconciliation, and more. The solution can be integrated onto platforms like Shopify, Magento, Woocommerce, and more.

Investors - Inflexor Ventures Partners, Athera Venture Partners, Riverwalk Holdings, Rebright Partners

  • axio | $6 Mn| Debt

App-based platform for money management, pay later, and personal credit solutions. The platform offers a budget planner, expense tracker, credit card bill, and payment reminders. Users can track spending, credit, income, split expenses, and more. It analyses transactional SMS messages and detects spending and bills. It also offers a personal loan, EMI, and pay-later option with its inbuilt digital shop feature. It is available on Android platforms.

Investors - Alteria Capital

  • Planys | $5 Mn| Undisclosed

Provider of remotely operated vehicle for underwater applications. They integrate advanced marine robotics with next-generation inspection techniques, to provide an efficient, safe, and reliable indigenous solution for challenging underwater and immersed conditions.

Investors - Ashish Kacholia

Online medical insurance claims support solutions provider. The platform offers solutions for health insurance claim assistance for patients and hospitals. It provides hospitals with a digital infrastructure to manage health insurance claims.

Investors - Bharat Innovation Fund, CAC Capital, Chiratae Ventures, Rebright Partners

Development & behavioural healthcare to kids & families.

Investors - Insitor Impact Asia Fund, Enzia Ventures, IIMA Ventures, Foundation Botnar, 9 Unicorns, Venture Catalysts

App-based platform to find and book ambulances. The user can book an ambulance by specifying the destination and ambulance type. It also provides ambulances for emergency situations. The users can pay for the service by online payment or cash. It provides various types of ambulances like ALS (Advanced Life Support), BLS (Basic Life Support), Patient Transport, and Mortuary vans.

Investors - Alkemi Growth Capital, Dexter Capital, Aman Gupta, Namita Thapar

  • AutoNxt ation | $3 Mn| Pre-Series A

Developer of autonomous electric tractor and tricycle. The company develops autonomous electric tractors and electric tricycles with features like electric drivetrain, minimal NVH ( noise, vibration, harshness) level, live vehicle tracking, and more.

Investors - Saama Capital, Amit Singhal, Bluehill Capital, Keiretsu Forum, Soonicorn Ventures

  • Arrivae | $2.5 Mn| Series B

Provider of in-house interior designing services. It provides furniture and home improvement products. The interior designing solutions are provided for kitchen, wardrobe & apartments. It offers custom interior design solutions from demand mapping to installation using in-house technology. Users can meet designers and share inspiration to place the order by viewing finalized designs.

Investors - Mithun Sacheti

  • Clientell | $2.5 Mn| Seed

Cloud based no code data science platform provider. It provides AI-based scenario builders, multiple integrations, dashboards with organized data sets, pre-built templates, and single and multivariable data predictions.

Investors - Blume Ventures, Chiratae Ventures, Artha Venture Fund, Z5 Capital

  • ZEPIC | $2.1 Mn| Pre-Seed

Provider of customer engagement, data & experience services

Investors - Neon Fund

  • Spintly | $2 Mn| Seed

Provider of cloud-based electronic identification-based access control systems. It provides users with offers that include smart access control technology that allows users to convert smartphones into access cards. It features proximity-based access, and offline support, and works with multiple locking systems. These products interface with a companion application that allows users to control the same remotely and is compatible with both Android and iOS devices.

Investors - Accel, Chakra Growth Fund

  • Includ | $1.5 Mn| Seed

Welcome to INCLUD, where creativity and style meet the world of kids' fashion! We are a leading kids fashion brand dedicated to bringing joy and imagination to little ones through our trendy and playful clothing collections.

Investors - Incubate Fund Asia, Escape Velocity, Abhishek Goyal, IIM Indore Alumni Angel Fund

  • Age Care Labs | $1.2 Mn| Undisclosed

Provider of elder care platform services

Investors - SIS Limited

  • Amwoodo | $1 Mn| Undisclosed

Amwoodo is a company focused on creating high-quality bamboo alternatives as plastic-free products. They are committed to sustainability and eco-conscious practices, offering a range of eco-friendly and sustainable products for personal care and more.

Investors - Rainmatter

  • Circle Of Games | $1 Mn| Undisclosed

Developer of block-chain-based casual games for mobile devices

Investors - Nazara Technologies, Hashgraph Association

  • PlatinumRx | $800K | Seed

Online pharmacy offering substitute medicines from various brands. The company offers search engine to find medicines from different brands, compare prices and can purchase medicines with discount prices

Investors - India Quotient

  • Zulu Defence Systems | $750K | Seed

At ZULU, they understand the importance of national security and the role that drones can play in enhancing it. Their drones are meticulously engineered to meet the unique requirements of this critical electronic warfare sector. They prioritize the development of cutting-edge technologies that can address the ever-evolving challenges in the field of national security. They are committed to pushing boundaries and revolutionizing drones for nations in tomorrow's electronic warfare by providing innovative and reliable drone technology and solutions.

Investors - Finvolve

  • Varco Leg Care | $500K | Seed

Manufacturer of herbal supplements

Investors - Sunicon Maiden Fund

  • WeCare | $350K | Undisclosed

Provider of home healthcare, skin treatment, dental, and other services

Investors - -----

  • PlanckDOT | $350K | Undisclosed

Provider of technology solutions for energy-efficient edge data centers, focusing on fundamental energy and data center efficiency. Located in New Delhi, PlanckDOT offers secure and scalable technology solutions.

Investors - ------

  • Sapience Automata | $210K | Seed

Sapience Automata is a technology company focused on road safety in India. They aim to achieve a 90% reduction in road accidents by 2030 through their cutting-edge AI tech safety solutions. Their products include CoPilot.Ai, a driver cam that alerts users to drowsiness and yawning to keep them alert while driving.

Investors - Inflection Point Ventures

  • Garden of Joy | $101K | Seed

Provider of landscaping and roofing contractor services

Investors - Inflection Point Ventures

  • Simactricals | $90k | Pre-Seed

Manufacturer of EV fast chargers. The company develops EV chargers likr single coil charger, triple coil charger, WCS concept, drone charger, and more.

Investors - SanchiConnect

  • IWill | Undisclosed | Undisclosed

Provider of an online teleconsultation platform for mental wellness

Investors - Microsoft

  • TraqCheck | Undisclosed | Undisclosed

Employee background verification platform. Its key features include criminal records check, education check, employment check, identity verification, credit check, driver and MVR check, drug check. It also provides psychometric tests, social media and provides sentiment analytics, and address checks.

Investors - Caret Capital, Culture Cap

  • Advance Mobility | Undisclosed | Undisclosed

Provider of car rental services

Investors - GrowthCap Ventures

  • Blue Tokai Coffee Roasters | Undisclosed | Undisclosed

Internet first brand of coffee subscription. Its product includes ready to drink, roasted & ground coffee, capsules, brew cans, mugs, brewing equipment, and grinders. Also provides coffee e-gift cards, brewing guides, and coffee classes.

Investors - 12 Flags Group

  • Svish | Undisclosed | Undisclosed

Internet-first brand offering personal hygiene products. The products include hair removal spray, anti-chafing roll-on, foam wash, sanitizing spray, and more.

Investors - Ruchirans Jaipuria, Shikhar Dhawan

  • EMotarad | Undisclosed | Undisclosed

EMotorad (EM) is an electric vehicle company that strives to bring futuristic ebikes at an affordable price for adventure seekers, daily commuters, or casual riders.

Investors - MS Dhoni

  • BlackCarrot | Undisclosed | Undisclosed

Brand of dinnerware products. The brand offers products like dinner plates, bowls, cups, cutlery, and glasses. It provides stoneware collections and stainless steel cutlery with discounts on various items..

Investors - Neha Dhopia

  • Almonds Ai | Undisclosed | Undisclosed

AI based B2B loyalty reward programs solutions. Offers a B2B loyalty and rewards network that may be used in a variety of sectors, including banking, retail, technology, and auto. The platform offers services for unified communication, retailer onboarding, programme enrollment, activity tracking, and loyalty marketing, leading to significant increases in sales.

Investors - -------

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