Whey Finance

[Funding roundup] Qarmatek, Un1Feed, AppX, MyCaptain, EduFund and others raise seed rounds

Refurbished Electronics Startup Qarmatek Raises $3M Led by GVFL, Caspian Debt

Inasmuch asQarmatek Services Pvt. ltd.Inasmuch as, a refurbished and renewed electronics category, announced that it raised $3 million in a funding round led by GVFL (Gujarat Venture Finance Limited) and Caspian Debt.

In the preliminary phase, the funds will be used to expand and digitize operational capabilities, expand into major national markets and foray into B2C operations with MOBEX, a brand of Qarmatek that is resolutely customer-centric.

Co-founders of Qarmatek

The investment will also enable Qarmatek to align with its broader vision of creating a technology-based circular economy for e-waste in India, while improving the customer experience from point of sale to touchpoint. of purchase. Qarmatek intends to use part of the funds to create a versatile technologically advanced infrastructure that will ensure a seamless experience of an embellished B2C journey for the end user, while offering the best prices and products of exceptional quality. .

Tech startup Un1Feed raises $1 million in pre-seed

Un1Feed, the tech startup founded by Hardik Patil and Ansh Nanda which allows users to override and tweak their social feed algorithm, raised over $1 million in a pre-seed round led by Neo, a community-focused venture capital fund based in the Silicon Valley.

Other investors in this round include Tribe Capital, Great Oaks, Global Asset Capital, and angel investors. Un1Feed plans to use this funding for product development and hiring.

AppX Raises $1.3M in Y Combinator-Led Funding Round

Start-up based in Delhi AppX, which allows creators to run their online businesses from their own storefront, raised $1.3 million in a recent funding round led by Y Combinator, Global Founders Capital, Rocket Internet, Soma Capital, Shrug VC, Lenny Rachitsky, James Beshara and TDV Partners. .

The company plans to use the new funds to increase its product offerings to help more creators monetize, deploy their token, and expand internationally.

AppX Co-Founders

Founded in January 2020 by Samir Sadana and Anuj Gupta, AppX helps its creators monetize through their own personal mobile apps and websites, where creators can run their own online businesses such as eBooks, courses, NFTs, and e-commerce businesses. The company currently targets creators with over 10,000 followers on platforms like Instagram, Tiktok, Youtube, and other such social media.

Online Mentoring Platform MyCaptain Raises $3M in Pre-Series A Round

Inasmuch asMy captainInasmuch as, a Bengaluru-based startup focused on reinventing the future of work, has raised $3 million in a pre-Series A round led by Ankur Capital. The round also saw participation from IPV (Inflection Point Ventures), Firstport ventures, IIM Calcutta Angels Network, Singapore Angel Investors and other Super Angels.

Co-founded by Mohammed Zeeshan, Sameer Ramesh and Ruhan Naqash, MyCaptain, an online mentorship platform, has evolved into a platform where students can learn directly from young professionals, discover new career options, and gain practical skills through over 30 live, cohort-based classes from beginner to advanced.

These courses range from content writing, social media management, fashion design to entrepreneurship and even advertising. As the market leader in the segment, MyCaptain has been able to train, mentor and facilitate monetizable results for over 150,000 paid learners so far, coming directly from metropolitan cities like Bangalore to small towns like Guntur in Andhra Pradesh.

Local consumer electronics startup Mivi raises funds from N+1 Capital Inbox

mivi collected an undisclosed amount from Capital N+1 in the debt financing cycle. The new capital will further strengthen the company’s internal capabilities, helping it expand its presence in new vertical markets.

Based in Hyderabad, Mivi is a one-of-a-kind company specializing in the audio gadget category, with its products ranging from TWS (True Wireless Earphones) to speakers to meet the audio needs of today’s tech and music savvy Indian population. Realizing the lack of high quality audio gadgets in the Indian market, the brand is striving to take its consumer electronics industry to the next level with its high quality “Made in India” gadgets at affordable prices.

EduFund raises $1 million seed round led by Anchorage Capital Partners

Inasmuch asEdu FundInasmuch as, the first Indian company that covers a child’s higher education journey from savings (rupee and dollar) to immigration, raised $1 million in its funding round led by Anchorage Capital Partners, as well as additional investments from ViewTrade Holding – Corp and other angel investors. The funds will be used to increase product offerings and expand market presence.

Founded in June 2020, EduFund provides a holistic planning tool to help every parent plan their child’s higher education journey and reduce the financial burden associated with quality higher education.

Co-founders of EduFund

The company has entered into several partnerships with advisors including – OnCourse Global, Zsoldos Coaching, Reva Education Consultant and Overseas Education Consultancy. EduFund is also a registered investment adviser regulated by SEBI. Moreover, it guarantees 100% privacy and confidentiality to protect users’ personal information. The company has also partnered with a major US broker to offer investments in US dollar-linked products.

T-Hub bags Rs 5 Cr from the Startup India Seed Fund

Inasmuch asT-hubInasmuch as which leads India’s pioneering innovation ecosystem, announced on Tuesday that it had been selected under the Startup India Seed Fund Scheme by DPIIT, GOI to disburse Rs 5 crore among eligible startups with the aim of support and fuel seed funding for startups.

With the aim of providing efficient and value-driven growth for startups, T-Hub announced this year that it is focusing on providing funding opportunities for its startups and the receipt of the Startup India Seed Fund is the one of the steps towards this orientation. The fund will be disbursed to eligible startups through debt instruments or convertible bonds. The fund will be used to provide financial assistance to startups for proof of concept, prototype development, product testing, market entry and commercialization.

T-Hub will disburse this fund to 15 startups over three years.

The seed fund allocated to T-Hub is industry-neutral and will focus on supporting technology startups and innovations that are Minimum Viable Product (MVP) ready and in need of funds for initial growth.

HUVIAiR Raises $3.2M in Series A Funding Round Led by Chiratae Ventures

HUVIAiR technologies raises $3.2 million in his Series A round financing, led by Chiratae Ventures. Other investors participating in this round include SOSV, RMZ Management LLP and Artesian Venture Partners.

Inasmuch asHuviairInasmuch as is a pioneer in remote monitoring and construction project management software. Their flagship SaaS platform CONSTRA, pulls information from images and videos (of the exterior and interior of the building) to help immensely through the planning, construction and inspection stages of construction projects. .

With this new round of funding, HUVIAiR plans to hire key people, create new product features, expand customer acquisition in India and a few strategic overseas markets, including the United States. .

Ice cream brand Get-A-Whey makes Rs 1 Cr investment in Shark Tank India

Inasmuch asGet-A-WheyInasmuch as, a healthy ice cream brand founded by two siblings, Jash Shah and Pashmi Shah Agarwal, along with their mother Jimmy Shah, has made an investment of Rs 1 crore for 15% equity in the first edition of Shark Tank India .

Investors understood Ashneer Grover, MD and co-founder, BharatPe; Aman Gupta, CMO and co-founder, boAt; and Vineeta Singh, CEO and Co-Founder, SUGAR Cosmetics.

Available in Mumbai, Pune, Delhi-NCR, Bengaluru, Surat, Hyderabad and Chennai through supermarkets, their website and online platforms, the brand is available in 12 international flavors and also sells four keto-friendly flavors.

Aerostrovilos Energy secures Rs 3.5 crore as part of its funding round

Aerostrovilos Energy, an organization incubated by IIT Madras and Mumbai holding company Angels, secured its funding round on Tuesday from Rs 3.5 billion of Tube Investment of India, a Murugappa Group company.

Working on Micro Gas Turbine (MGT) development with National Center for Combustion Research (NCCR) at IIT Madras, Aerostrovilos Energy is building MGT-based powertrain solution for heavy-duty and power generation. electricity at reduced costs.

The company will use the funds for the completion of its solution, the manufacture of prototypes and a trial of heavy vehicles based on MGT.