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Funding news

AI startup just words bags $1.7M in seed funding

AI-first marketing platform, just words, secured $1.7 million in a seed funding round led by Peak XV Partners and Y Combinator.

The company aims to revolutionise user-facing messaging by leveraging AI to deliver highly personalised content in real-time.

“With this funding, we will invest in expanding our AI capabilities and building a world-class team to meet the growing demand for personalised messaging solutions,” said Neha Mittal, Co-founder and CEO, just words.

The startup has gained traction with AI-first companies, including Grammarly, BeReal, and BiggerPockets.

InsurancePadosi raises $500K in pre-seed funding

Insurtech platform InsurancePadosi raised $500,000 in a pre-seed funding round led by Antler. It also saw participation from angel investors Hemant Kaul (former CEO and MD of Bajaj Allianz) and Satish Pillai (former CEO and MD of TransUnion CIBIL).

It will use the capital to strengthen its technology platform, expand product offerings, and enhance sales and marketing efforts.

It said it plans to venture into underwriting and claims management to provide a comprehensive, end-to-end customer experience.

“In response, we’ve developed a system that reduces the average insurance purchase time from 70 minutes to just 3-5 minutes, with a 95% accuracy rate in matching products to individual needs… aiming to help over 1 million customers secure optimal coverage by the end of next year,” said Vaibhav Kathju, CEO of InsurancePadosi, in a statement.

plutos ONE secures $2M

plutos ONE, a technical service provider (TSP) for the Bharat Bill Payments System (BBPS), raised $2 million in a seed round led by Bengaluru-based StartupXseed, Tokyo-based Genesia Ventures, Auxano Capital, Raghuvanshi Investments, and other investors.

The company plans to utilise the funds for onboarding banks as biller operating units and agent institutions on the BBPS Network, it said in a statement.

“Our latest round is a huge boost to our plans to build the payments infrastructure for the next 200 million Indians,” said Rajjat Gulati, Co-founder and CEO of plutos ONE.

Other News

Mamaearth’s Abhiishekk Raj Pandey joins Zalon as Co-founder and CEO

Zalon, the flagship brand of Z Revolution Tech Pvt Ltd, appointed ex-Mamaearth employee, Abhiishekk Raj Pandey, as co-founder and CEO.

Zalon offers a comprehensive platform that connects salons to a wide range of beauty brands, where they can buy beauty products and get free salon software to manage their business P&L.

“Abhiishekk brings a wealth of experience and a visionary approach that aligns perfectly with our goals and aspirations. We are thrilled to onboard him to lead the company and believe his leadership will play a crucial role in driving our company forward and achieving new milestones. We are confident that his expertise and insights will be invaluable as we continue to grow and innovate,” said Ayush Ahuja and Sunil Khatri, Co-founders of Zalon.

(This article will be updated with the latest news throughout the day.)