SV JOURNAL Issue No. 198

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

• Multi Nano Sense - Multi Nano Sense specializes in manufacturing gas sensors designed for hydrogen detection. Their product range includes both portable and fixed hydrogen gas detectors, as well as advanced platform gas sensor technology. Utilizing CMOS MEMS or pure-play MEMS microchip technology, their platform sensors can detect and measure gases, vapors, and dust. In addition to hydrogen sensors, Multi Nano Sense is developing vapor and dust sensors. These hydrogen detectors are crucial for monitoring environments such as battery rooms, hydrogen storage areas, and locations with hydrogen pipelines and equipment.
• SustVest - SustVest is at the forefront of advancing solar energy access by addressing key industry challenges. For MSMEs, it enables solar adoption without the burden of substantial capital outlays or complex loan processes. For retail investors, SustVest provides fractionalized investment opportunities in solar projects through SEBI-regulated securitized debt instruments. Notably, their Subros project, valued at ?3 crore, sold out in just 3 minutes. SustVest partners with prominent industry leaders such as TATA Power and Panasonic and serves an esteemed clientele, including CRPF and Hitachi.
• Neural Defend - Neural Defend.io is at the forefront of combating financial fraud through advanced deepfake detection technology. As deepfake and AI-driven crimes are predicted to cause global losses of $10.5 trillion by 2025, the company is addressing a critical need for real-time defense mechanisms. Neural Defend.io leverages state-of-the-art multimodal algorithms to detect deepfakes in videos and audios, providing instant protection against malicious digital manipulation.
• Social Hardware - Social Hardware specializes in prosthetics, bionics, and assistive technology, enhancing the lives of over 500 families with advanced devices. In 2023, the company evolved into a deep tech firm, merging bionics with robotics and Extended Reality (XR) to create cutting-edge hardware solutions. They are committed to overcoming technological limitations, improving global human-machine interaction, and advancing technology to foster equal opportunities for all.

Latest Deals

• Revamp - Revamp Moto is an innovative electric vehicle (EV) company specializing in customizable and modular two-wheelers designed for various commercial and personal uses. Founded in 2021, it gained visibility through its appearance on Shark Tank India, where it secured funding and by making India’s first 100% modular EV. Revamp Moto offers vehicles like the RM Buddie and RM Yaara, catering to delivery and fleet needs with attachments for specific food delivery and retail tasks.
• lvlAlpha - lvlAlpha is a cutting-edge startup focused on developing advanced wearable health and communication devices. By leveraging Human Ingenuity + Automata, they address the challenges of human augmentation and automation to enhance operational efficiency and safety for active-duty personnel in high-risk and extreme environments, especially during distress and disaster scenarios. Their vision is to “Accelerate the Growth of Technology to Mitigate High-Risk Environments and Improve Human Existence.”

Past Event

• 52nd Startup Pitch Call cum Deep Dive Call

September 28 | 5:00 PM to 6:30 PM

Startup 1 - Revamp - Recording

Startup 2 - lvlAlpha - Recording

• 4th Demo Day

July 19 | 5:00 PM - 7:00 PM

Demo Day - Recording

INDIAN STARTUP WEEKLY DEAL

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

Startup Name | Deal Size | Round

• Whatfix | $125 Mn | Series E

SaaS-based digital adoption platform for customer self service. It helps businesses onboard their customers and provides interactive knowledge flows to enhance product adoption. ?

• Investors: Warburg Pincus, SoftBank
• M2P Fintech | $101 Mn | Series D

Provider of an open banking API payment solution for businesses. It provides users with a platform that offers designing and implementation of neo-banks, deposit products, a lending system with lending and credit cards servicing multiple lenders, local and cross-border payment systems with real-time controls, and more.

• Investors: Helios Investment Partners, Flourish Venture
• Qure.ai | $65 Mn | Series D

Provider of an AI-based decision support tool for diagnostic images. The company has developed products like qXR. qER, qCT-Lung, and more. Its radiology solution can diagnose disease from CT Scans, MRIs, and X-rays as well as outline and quantify regions of interest such as tumors or lung disease patterns. ?

• Investors: Lightspeed Venture Partners, 360 ONE Asset Management, Merck Global Health Innovation Fund, Kae Capital, Novo Holdings, Health Quad, TeamFund

• Nurix | $27.5 Mn | Seed

AI agents for enterprise workflow management. It offers virtual assistants to automate workflows throught intelligent decision-making and real-time responses.

• Investors: Accel, General Catalyst, Meraki Labs
• HomeLane | $27 Mn | Undisclosed

Online platform providing in-house interior design solutions. The platform allows users to visualize plans in 3D via the platform and browse the design gallery for various designs such as wardrobe, kitchen, bedroom, living room, bathroom, and more. Users can also book online consultations for customized interior design planning.

• Investors: Hero Enterprise
• AdOnMo | $25 Mn | Undisclosed

Digital billboard based advertising solutions. It provides connected digital screens with contextual and targeted advertising solution. Features include audience segmentation, hyper local targeting, and live data triggers. It caters its solution to industries such as retail, automobile, real estate, and more.

• Investors: Rigel Capital, Sinar Mas
• atlys | $20 Mn | Series B

Online visa application platform. Their platform helps travelers with visa applications, appointments, documents, as well as, provides guides on visas, and travel.

• Investors: Peak XV Partners, Elevation Capital
• The Wellness Co. | $7.1 Mn | Undisclosed

Wellness centre offering range of therapies and treatments. It is a luxury health, wellness, and beauty center in that offers a range of therapies and treatments. It offers treatments like IV therapy, red light therapy, hyperbaric oxygen therapy, cryotherapy, and body contouring cryo EMS, and more.

• Investors: EaseMyTrip
• Two Point O | $6.3 Mn | Seed

Two Point O offers financing solutions for clean energy projects in the commercial and industrial sectors, such as solar rooftops, energy efficiency, and waste water treatment.?

• Investors: Omnivore, Multiply Ventures, RTP Global, GrowX, Spectrum Impact
• Ahammune Biosciences Pvt. Ltd. | $5 Mn | Series A

Ahammune Biosciences is developing small molecule-based therapeutics for the treatment of skin diseases. The company is developing therapeutics for immune-mediated diseases of the skin, with a current focus on the depigmenting disorder, Vitiligo. The drugs help in inducing repigmentation of depigmented patches.

• Investors: pi Ventures, Capital2B, Colossa Ventures, Bipin Agarwal, Unicornus Maximus, Ideaspring Capital, Kotak Alternate Assets, Legacy Assets LLP, IAN
• CoRover | $4 Mn | Series A

Conversational AI platform to automate business operations. The platform leverages machine learning and natural language processing technology to support businesses give automatic responses to the users queries and actions, in multiple language, channel, and format.?

• Investors: Venture Catalysts, CanBank Venture Capital Fund, IIM Calcutta, IIIT Delhi, Cogniphy LLC, Karekeba Ventures, Lead Angels
• TheHealthFactory | $3.5 Mn | Seed

Internet-first band offering baked products. Its product catalog includes multi-protein bread, vegan bread, whole wheat bread, and cookies. The company claims that they offer products on a subscription basis.

• Investors: Peak XV, Kartik Mehta, Aliasgar Tambawala, Sunil Tulsiani
• Atomicwork | $3 Mn | Seed

AI based platform to streamline the IT service management and employee experience processes. It offers AI solution for automating IT workflows and HR support and employee success. It enables employees by connecting them with the tools and teams.

• Investors: Rich Waldron, Avanish Sahai, Arun Penmetsa
• Vedantu | $2.4 Mn | Debt

Provider of an online personalized tutoring platform. It offers live tutoring with two-way interaction via whiteboard, audio, and video for school curriculum and exams like IIT JEE and NEET. It provides certified tutors from institutes like IIT Bombay, IIT Roorkee, BITS Pilani, and more.

• Investors: Stride Ventures
• tuco? Intelligent | $2 Mn | Seed

Company that offers a natural personal care range for kids and teens. It offers whipped soap for kids is enriched with natural ingredients such as almond and coconut. Company claims that their product are chemical free.

• Investors: Fireside Ventures, Whiteboard Capital, Suashish Group, Vijay Nehra, Arjun Purkayastha
• jhana | $1.6 Mn | Undisclosed

Online platform providing AI-powered legal research and drafting tool. It helps users with searching, drafting, and explaining law with reliable citations and links.?

• Investors: Together Fund, Shyamal Anadkat, Scott Davis, Harshil Mathur, Shashank Kumar, CKunal Shah, Cory Levy, Ojas Shukla
• First Coffee | $1.2 Mn | Seed

Chain of limited service restaurant serving coffee. It offers a mobile app for easy ordering and reservations, allowing customers to order ahead and skip the line. It also enables customers to track their orders, preferences, and earn rewards.

• Investors: BEENEXT, Ashish Gupta, AngelList India, Ritesh Malik, Sahil Malik
• aarna.ml | $1.2 Mn | Series A

AI powered cloud orchestration platform. It offers orchestration and management software for AI cloud providers, enabling the deployment of AI workloads. The platform orchestrates cloud elements such as GPU, CPU, OS, containers, and more.

• Investors: Exfinity Venture Partners
• Pepsales | $1.2 Mn | Series A

AI powered cloud orchestration platform. It offers orchestration and management software for AI cloud providers, enabling the deployment of AI workloads. The platform orchestrates cloud elements such as GPU, CPU, OS, containers, and more.

• Investors: Exfinity Venture Partners
• ORIGHT | $1 Mn | Seed

Provider of IoT device for milk traceability solution. Its IoT devices track various factors like the quality of the milk from temperature, humidity, water, FAT, SNF, and adulterants.?

• Investors: Aeravti Ventures
• Care.fi | $956 K | Debt

Provider of invoice financing for the medical industry. It is a fintech-up, and give technologically driven to provide smart financing solutions to hospitals, doctors, and allied suppliers.

• Investors: Wint Wealth, Caspian Debt
• Flent | $776 K | Pre-Seed

Provider of an online platform offering managed home rental services. The company offers flexible home rental options for users. It also provides various home listing with furnishings and minimal deposits.

• Investors: WEH Ventures, AM Ventures, Pareto Holdings, Sanchan S Saxena, Aneesh Reddy, Arjun Vaidya, Shradha Sharma, Abhilash N
• Sharang Shakti | $598 K | Pre-Seed

Provider of innovating in airspace surveillance and airborne threat with security robotics technology.

• Investors: AUM Ventures, Venture Highway, JK Group Family office, Appreciate Capital
• TraqCheck | Undisclosed | Seed

AI-based employee background verification platform for enterprises. 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, Alok Oberoi, Aakash Anand