SV JOURNAL Issue No. 201

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

• 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.
• 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

• Dave AI - Dave AI is an AI-driven sales experience platform that enhances personalized customer interactions, trusted globally for its advanced technology. It offers an Enterprise Software Platform as a Service, enabling brands to boost sales through interactive virtual avatars that engage in natural conversations and understand customer preferences.
• Blep - Blep is an online platform specializing in fresh dog and cat food made with human-grade ingredients. The site offers a variety of products, including wet food, treats, and broth, designed to meet pets’ nutritional needs. Each recipe focuses on essential nutrients for overall health and is free from preservatives, fillers, and artificial flavors.

Past Event

• 53rd Startup Pitch Call cum Deep Dive Call

October 11 | 5:00 PM to 6:30 PM

Startup 1 - Dave AI - Recording

Startup 2 - Blep - Recording

• 4th Demo Day

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

Demo Day - Recording

MEETUPS

INDIAN STARTUP WEEKLY DEAL

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

Startup Name | Deal Size | Round

• Eruditus Executive Education | $150 Mn | Series F

Provider of executive-level programs for professionals. It offers programs for comprehensive management. It also provides a senior executive leadership program, an executive program in general management, and more. In addition, it also offers certificates for course completion.

• Investors: TPG, Softbank Vision Fund II, Leeds Illuminate, Accel, CPP Investments, Chan Zuckerberg Initiative
• Purplle.com | $60 Mn | Series F

Online marketplace platform offering multi-category beauty products and accessories. The product catalog includes lipsticks, bronzer, contours, cleansers, face wash, serums, body scrubs, shower gels, eyeliners, perfumes, deodorants, baby and mother healthcare products, and more.?

• Investors: ADIA, Premji Invest, Blume Ventures, Sharrp Ventures
• Neuron7.ai | $44 Mn | Series B

AI based decision support software. It provides a business intelligence platform that offers service intelligence solutions for delivering service metrics for unlocking and analyzing unstructured & structured enterprise data to assist the process of planned decision making.

• Investors: Smith Point Capital, Nexus Venture Partners, Battery Ventures
• GIVA | $30.3 Mn | Series B

Internet first brand offering precious jewelry. The product catalog includes bracelets, earrings, necklaces, rings, pendants, chains, and more. The company claims that the products are made of gold, silver, and more. It also provides lab-grown diamond jewelry.?

• Investors: Premji Invest, Epiq Capital, Edelweiss Discover Fund
• Everstage | $30 Mn | Series B

Platform offering software to manage sales commissions. It offers a commission automation platform that enables members to calculate sales commissions in real time and track them. It also allows members to manage and track quotas across the organization, get commission insights, and track the teams' performance metrics in real-time.

• Investors: Eight Roads Ventures, Elevation Capital, 3one4 Capital
• Primus Senior Living | $20 Mn | Seed Round

Primus offers on-premises healthcare services with doctors and physiotherapists and has tie-ups with specialists to meet every geriatric health requirement. Primus Homes also provide 24X7 ambulance services and qualified nurses to deliver quality care to seniors.?

• Investors: General Catalyst, Nikhil Kamath, Gruhas
• Troo.Good | $9 Mn | Undisclosed

Internet first brand offering millet-based snack food products. The product catalog includes nutrition bars, cookies, rusk, chocolates, and more. The company claims that the products are gluten-free, gut-friendly, and contains millets, peanuts, dry fruits, coconuts, protein, fibre, and more.

• Investors: Puro Wellness, Oaks Asset Management, V Ocean Investments
• WROGN | $8.9 Mn | Undisclosed

Universal Sportsbiz Private Limited owns the Wrogn brand, offering trendy and unique fashion choices for men. Wrogn features a variety of clothing options, from T-shirts to accessories, for the fashion-forward individual.

• Investors: Aditya Birla Digital Fashion Ventures
• Simplismart | $7 Mn | Series A

Provider of AI-based no-code machine learning platform. Its users can use their data to train custom machine learning models and use it to power applications and decisions without writing code.

• Investors: Accel, Shastra VC, Titan Capital
• Yu Foods Co | $6.5 Mn | Series B

Brand of instant meal bowls. It includes products for breakfast, lunch, dinner, and dessert bowls. The company does not use preservatives, additives, artificial flavorings or colors.

• Investors: Ashish Kacholia, Asian Paints
• Suraasa | $6 Mn | Undisclosed

Cloud-based platform providing skill enhancement and job-related learning solutions. It offers international qualifications for teachers to help them get the best international jobs worldwide and get fast career growth. It also provides teachers with continuous professional development programs throughout their careers.

• Investors: Reach Capital, ETS Capital, NB Ventures, TSM ventures, TRTL Ventures
• Evenflow | $5 Mn | Series A

Platform acquires and scales eCommerce brands. The company acquires and scales third-party brands that sell on e-commerce marketplaces. After acquiring, it optimizes the businesses from managing inventory, performance marketing, merchandising, etc.

• Investors: Shail Patel and some existing investors
• Budy | $4.2 Mn | Pre-Seed

Budy is a platform offering AI-powered assistant. It is a digital companion from the intricate virtual landscapes within the computer.

• Investors: BeeNext, The Neon Fund, BITS SPARK Angels, Raju Reddy, Abhinav Asthana, John Hayes, Bruno Kurtic
• AGNIT Semiconductors Pvt Ltd | $3.5 Mn | Seed

Manufacturer of GaN substrates for advanced semiconductor solutions. It provides users with a platform that designs and develops GaN materials such as wafers and electronic components. It also mainly caters to radio-frequency applications in the defense and telecommunication industries.

• Investors: 3one4 Capital, Zephyr Peacock, Lakshmi Narayanan
• The Good Bug | $3.5 Mn | Series A

Provider of water-soluble probiotics for various health ailments. The company offers science-backed probiotics in the form of oro-soluble powders for adults & kids aiming to improve overall core health, gut health, and daily wellness.

• Investors: Sharrp Ventures, Fireside Ventures, Keshav Biyani
• Yoho | $3.2 Mn | Pre-Series B

Internet first brand offering performance footwear for men and women. The product catalog includes slippers, sandals, sneakers, boots, loafers, and more. It has features such as breathable holes, lightweight, orthopedic footbeds, abrasion-resistant, arch supports, soft toe separators, and more.

• Investors: Gulf Islamic Investments, Rajeev Misra, Vijay Shekhar Sharma, Rukam Capital, Pankaj Chaddah
• Perceptyne | $3 Mn | Seed

AI driven semi-humanoid robot platform for industrial automation. The products are designed to perform tasks demanding human-like dexterity, such as product assembly & packaging - areas where traditional robots fall short.

• Investors: Endiya Partners, Yali Capital, Whiteboard Capital
• Optimized Electrotech Pvt Ltd | $2.9 Mn | Undisclosed

Manufacturer of electro optics-based video surveillance systems. It builds high-end Electro-Optic surveillance systems for Defense and Aerospace organizations. It uses VIS (Visible Spectrum )+ NIR(Near Infra-Red Spectrum), SWIR(Short Wave Infra-Red Spectrum), MWIR(Medium Wave Infra-Red Spectrum), and TIR(Thermal Infra-Red Spectrum) for surveillance.

• Investors: Government of India
• Febi.ai | $2 Mn | Pre-Series A

AI-based accounting and tax management platform. It offers solutions for accounting, transaction management, automated file management, automated tax filing, invoice management, payment management, and more. It also offers solutions for financial concierge and more.

• Investors: Lumis Partners, Virender Rana, Amit Chaudhary, Padmaja Ruparel, Rohan Bhargava, Rajat Jain
• Elixia | $1 Mn | Pre-Series A

Elixia Tech is the provider of web-based transport management software. Its features include shipment visibility, route planning, and optimization, consignment tracking, automated dispatch, and vehicle load planning, temperature monitoring of perishable goods, analytics, and an integrated platform for data exchange between carriers and vendors.

• Investors: JIIF, Motilal Oswal , Vimal Shah, Sparsh Jain, Vinod Dugar, Vimal Khinvasara, Ashok Shah, Amit Chandwar
• TableSprint | $1 Mn | Undisclosed

Platform offering sales enablement and customer relationship management solutions. It helps businesses streamline the sales cycle, enhance deal closures, and customer satisfaction. It offers a range of tools and features such as lead management, quotation and invoice, sales pipeline, sales funnel, and more to support sales teams and enhance customer engagement.

• Investors: Ankit Bhati, Ajeet Khurana, Sunil Sharma, BlueLotus Ventures, TDV Partners, DGC Ventures, Abhijeet Bhandari
• Lifechart HR | $500K | Undisclosed

Gut health-tech company developing ayurvedic healthcare solutions. It offers scientifically ayurvedic remedies and medicines for various health issues such as piles, fatty liver, constipation, IBS, weight loss, and gastric problems. The products includes herbal powder, oils, laxatives, capsules, detox supplements, and more. It enables users to order and pay online.

• Investors: Prajay Advisors, Agility Ventures, Expert Dojo,? Ahana Gautam, Nitish Mittersain, Sarath Sura, Marwari Angels
• Alchemyst AI | $300K | Pre-Seed

Developer of digital employees to manage team productivity by automating tasks. It is an AI intefraced technology company developing virtual employees that automate tasks and manages team productivity.?

• Investors: Inflection Point Ventures, 100Unicorns, Early Seed Ventures
• Sports Skill | $150 Mn | Series F

Provider of data-driven Sports Edutech platform, performance analytics and management solution. It provides a platform that aims to enhance the sports performance of sports enthusiasts and offers a web and mobile app that can be used by them to improve their skills and achieve their goals.

• Investors: KP Balaraj
• ANNY | Undisclosed | Undisclosed

Anny aims to offer women a fashion-forward and accessible wardrobe, leveraging technology to stay on top of trends and ensure quality.

• Investors: Faad Capitial
• Brown Living | $150 Mn | Series F

Brown Living is an online marketplace offering multi-category products. Its product offerings include home decors, kitchenware, home essentials, apparel & accessories, beauty care products, food & drinks, and more. The company provides plastic-free shipping.

• Investors: Blink Digital, Sanjay Nayar, Sorin, Bharat Iyer
• PetStrong | Undisclosed | Undisclosed

PetStrong traces its origins to the voice of the thousands of conscientious pet parents in India who have been seeking products that blend well with their culinary and cultural preferences while providing ample nutrition for their beloved pets.

• Investors: Auxano Capital
• Traqo? | Undisclosed | Pre-Seed

Offers cloud-enabled transportation management solutions. The company offers solutions for automating end-to-end logistics operations. It features reverse auctions, sim-based tracking, freight automation, invoicing, indent automation, and more.

• Investors: We Founder Circle
• Healspan | Undisclosed | Seed

Provider of claims management software for hospitals. The company provides SaaS tools to help hospitals to manage the documentation and queries on cashless insurance claims. It supports hospitals in managing documentation and queries.

• Investors: Lead Angels, Ankitt Jain, Srijith Nair, The Doctorpreneur Academy