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Funding

Samosa Party raises $2M in Pre-Series A round led by Kalaari Capital

Delivery-first QSR brand Samosa Party has raised $2 million in its Pre-Series A funding round backed by Kalaari Capital.

Operational across 15 outlets in Bengaluru and Gurugram, the startup aims to use the fresh capital to expand to 100+ outlets across Delhi-NCR, Hyderabad, Chennai, and Bengaluru. 

It claims to have doubled its presence and tripled its revenue since last year and is eyeing a 5X growth with this funding.

Fego.ai raises $1.5M seed capital from 3one4 Capital, Saison Capital, Kunal Shah, others

Open-finance platform Fego.ai today has announced raising $1.5 million seed capital from 3one4 Capital, Saison Capital, Eximius Ventures, First Cheque, and Speciale Invest.

Angel investors who also participated in the round include Kunal Shah (Founder, Cred), Suhail Sameer (CEO, BharatPe and Managing Partner, OTP Venture Partners), Shashvat Nakrani (Co-founder, BharatPe), Lalit Keshre (Founder, Groww), Madhusudhanan R & Prabhu Rangarajan (Co-founders, M2P Fintech), Aprameya Radhakrishna (Founder, Koo App), and Amit Goel (Medici).

The startup plans to use the funds to strengthen and expand its developer offerings, build its team as well as augment the pace towards the public launch of its offerings. 

Fego, which provides “Lego” blocks for finance, offers an open-finance product stack for developers and companies to embed insightful financial experiences and personalise user engagement.

Indian backpacker hostel brand goSTOPS raises additional $1M

goSTOPS has raised an additional $1 million bridge round within six months of its last million-dollar Pre-Series-A round that concluded early this year in June.

The round was funded by existing investors The Chennai Angels, Mumbai Angels, Yuj Ventures, Lead Angels, 1Crowd, Indian Angel Network, Chandigarh Angels Network, in addition to new angel investors, including Rohit Chanana of Sarcha Advisors.

The startup aims to accelerate its growth further and the freshly infused funds will be utilised to ‘aggressively’ acquire new budget hotels and rapidly grow its presence across the country. 

Spoofsense raises $150k from JITO angel network and others

SpoofSense, a computer vision algorithm that lets businesses authenticate their customers through Face Biometrics, raised $150,000 in funding. This round was led by JITO Angel Network and co-invested by a few marquee angels.

The startup’s passive liveness detection technology helps differentiate real users from fake ones and helps businesses prevent digital identity frauds.

Using Computer Vision and Deep Learning algorithms, SpoofSense claims that its API can differentiate between a genuine face and its replica (printed photograph, 3D masks etc) with high precision in under 2 seconds. 

Cybersecurity firm NETMONASTERY raises Pre-Series A funding from Sharad Sanghi of NTT-Netmagic

NETMONASTERY NSPL, a Security Information and Event Management (SIEM) solution provider, has raised an undisclosed Pre-Series A round from Sharad Sanghi, CEO, NTT-Netmagic, in his personal capacity. The funding will be used to increase NETMONASTERY’s market presence.

NETMONASTERY delivers through its product DNIF HyperScale SIEM, a single-window cybersecurity solution designed for enterprise Security Operations Centers (SOC) that includes a combination of a SIEM, User and Entity Behaviour Analytics (UEBA), and Security Orchestration, Automation and Response (SOAR). 

Rupifi raises venture debt from Trifecta Capital

Rupifi, a startup solving fintech for SMEs, has raised venture debt from Trifecta Capital. It will use these funds to scale its existing B2B credit and payments products offered to small businesses transacting on B2B marketplaces.

Founded in 2020, Rupifi offers embedded lending solutions to B2B marketplaces. It works with partners across sectors like FMCG, food, pharma, fashion, electronics, agriculture, and general merchandise to enable flexible and no-EMI credit for small businesses.