Funding
Battery-tech startup EMO Energy raises $1.2M in seed round
, a battery-tech startup, raised Rs 10 crore ($1.2 million) in a seed round led by Transition VC and Gruhas.
Founded in February 2022 by Sheetanshu Tyagi and Rahul Patel, EMO is a deeptech energy startup that aims to implement battery-powered solutions in high-power and high-energy applications.
The brand offers battery packs for light EVs, which are powered by ZEN, a proprietary cell-agnostic tech platform that allows fire safety, 20-minute fast charging, and improvement in battery life.
Kalaari-backed Mozark raises venture debt from BlackSoil
Mozark, a Singapore-based deeptech company raised undisclosed funding from Mumbai-based alternative credit provider . This investment is in line with BlackSoil’s strategy of focusing on new-age businesses in the deeptech sector.
Mozark has developed a synthetic observability platform that assists businesses in identifying issues within their digital supply chain and enhancing the quality of user experience. Further, it has experienced a 2X growth in recurring revenue over the past year and has onboarded clients, including Disney+, Sony, Globe, Marina Bay Sands, Orange, and Carrefour.
The platform uses a GAI engine that helps enterprises obtain insights to make improvements and deliver a rich experience to end customers. Mozark works with digital infrastructure providers, apps, and enterprises to enhance digital experience, thus ensuring alignment across ecosystems.
Kreo raises Rs 6.5 Cr in seed round
Kreo, a consumer electronics brand catering to gamers and creators, completed its seed round worth Rs 6.5 crore in a combination of equity and debt financing.
The round was led by Sauce.VC, a consumer venture capital fund, besides other investors, including the Chona Family Office, Revant Bhate (Co-founder, Mosaic Wellness), Bala Sarda (Founder, Vahdam Teas), and Nikhil Bhandarkar (Co-founder, Panthera Peak Capital).
Founded in 2022 by Ishan Sukul, Niraj Chitnis, and Himanshu Gupta, Kreo is set to launch over 50 solutions for gamers and creators in the next 12 months, with a growing portfolio of 10 cutting-edge products.
The funding will fuel brand building, facilitate product development, support growth initiatives, and enable the expansion of the Kreo team.
Insurtech startup Covrzy raises Rs 3.2 Cr pre-seed funding
Insurtech startup Covrzy raised Rs 3.2 crore in a pre-seed funding round led by Antler and Veda VC.
The startup aims to make business liability insurance simple, personalised, and accessible for over 60 million MSMEs and startups across India. Its full-stack platform is designed to aid product discovery and boost insurance penetration in startups and SMEs.
Within a month of launch, Covrzy has more than 50 customers, including companies like Karbon Cards and Volopay, and partnerships with leading insurers like ICICI Lombard.
Founded in 2023 by Ankit Kamra and Veera Thota as a part of Antler’s Residency Programme, Covrzy is transforming the way liability insurance is sold to startups and SMEs.
Other news
Giottus, TaxNodes partner to enable easy crypto tax compliance for investors
Crypto assets platform Giottus and leading tax solutions provider TaxNodes have partnered to provide a safe and reliable solution to customers trading and investing in virtual digital assets (VDAs).
With both companies sharing a common goal of investor education and compliance around crypto taxation in India, the partnership reinforces their commitment to empowering investors in the VDA space.
Giottus customers can easily access and use the TaxNodes platform to compute their tax obligations accurately for all transactions done on the platform. Additionally, TaxNodes will offer comprehensive support for customers who had opted for various Giottus products such as fixed rewards and staking.
