Funding
Includ bags $1.5M in seed round led by Incubate Fund Asia
Includ, a D2C premium kidswear brand, has raised $1.5 million in a seed funding round spearheaded by Incubate Fund Asia. Other participants in the round include Escape Velocity, Abhishek Goyal (Co-founder of ), and the IIM Indore Alumni Angel Fund.
The funds will be used to enhance the brand’s supply chain, develop in-house technology, and boost brand awareness.
“We are excited to partner with Includ as they build design-led high quality and affordable brand for the Indian kidswear market,” said Mr Rajeev Ranka, Partner of Incubate Fund Asia.
Founded in 2023 by Ashwin Rastogi, the startup aims to bridge the gap in the Indian kidswear market by offering high-quality cost-effective clothing for children ranging from newborns to 14-year-olds.
Sapience Automata bags Rs 1.75 Cr in seed round
Sapience Automata, an AI powered driver assistance startup, has raised Rs 1.75 crore in a seed round led by Inflection Point Ventures. The funds will be used for sales expansion for driver camera, building partnerships in the automotive sector, development of advanced driver-assistance systems technology, and pursuing international patent filings.
Founded in 2021 by Satyajit Neogi and Unmesh Dabhade, the startup aims to enhance road safety in India by offering plug-and-play driver assistance technology.
“Most of us know someone whose family member or close one has experienced a major road accident. It is an unfortunate reality that can’t be helped, given our dependence on different modes of transportation and driver’s circumstance.
“Sapience, with their AI powered tech, reduces such unavoidable reality. IPV will always focus on supporting startups that offer innovative solutions to significant problems, and Sapience’s approach is one we’ll continue to endorse,” said Vikram Ramasubramanian, Partner, Inflection Point Ventures.
ZEPIC closes $2.1M pre-seed round from Neon Fund and Angels
ZEPIC, a customer experience software firm, has concluded its $2.1-million pre-seed investment round. The round saw participation from Neon Fund, which invested $500,000, and angel investors in senior positions at , , , , and .
The Delaware-headquartered SaaS firm has launched a platform that aids businesses with hyper-personalised customer engagement opportunities.
“ZEPIC is fundamentally designed and built on customer records, serving as the source of truth for all teams within the business. With all browsers blocking third-party cookies, ZEPIC helps businesses prioritise first-party data collection through its intelligent visitor tracking, identity resolution, and progressive customer profile enrichment,” said Naveen Venkatesan, Co-founder and Product Head, ZEPIC.
Founded in 2023 by Naveen Venkatesan, Bharathi Kannan Ravikumar, Sunil Kumar, and Sreelesh Pillai, the company is one of four global firms chosen for the Victorian government-backed Cremorne Digital Hub Scaleup programme.
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Other news
Kore.ai launches XO Platform V11.0 for AI-automated business interactions
Enterprise conversational and GenAI platform has released a new platform named Experience Optimization (XO) Platform Version 11.0, which will help drive AI-driven business interactions for customer, agent and search experiences.
“Coming off the heels of a successful $150 million round, this next wave of innovation reinforces how Kore.ai is leading the way with generative AI. We have reimagined what it takes for our platform users to bring new AI-automated solutions to market faster and deliver value with speed, accuracy and cost,” Raj Koneru, Founder and CEO, Kore.ai.
“XO V11.0 will take the complexities and time out of building and managing AI and focus on putting it to work to drive value at scale,” he added.
The platform’s features include multi-LLM generative AI for human-like interactions, XO GPT models to understand user intent, advanced retrieval augmented generation for content discovery, outbound campaigns for proactive outreach, and agent assistance for real-time coaching.
OneVerse Gaming acquires PokerSaint
Metaverse and gaming tech firm OneVerse Gaming has acquired PokerSaint, an online poker platform. This marks the company’s fourth acquisition.
The acquisition will help OneVerse Gaming to strengthen its market position and broaden its product portfolio. With a focus on delivering immersive gaming experiences and fostering community engagement, Poker Saint brings valuable assets and a loyal user base to the OneVerse Gaming’s ecosystem.
“This acquisition fits perfectly with our strategic vision and growth objectives. Poker Saint’s pioneering gaming strategies and fair market position make them an ideal addition to OneVerse Gaming as we seek to expand our player base and boost shareholder value over the long term,” said Paul Micheal, CEO of OneVerse Gaming.
BEI Confluence board elevates Abhishek Gupta to joint managing director
BEI Confluence has promoted Abhishek Gupta, who has served as deputy managing director overseeing business operations for the past four years, to the position of joint managing director (JMD).
Under his leadership, the agency attained a 15% revenue surge and growth, with new business acquisitions including Total Energies, Mrs Bector’s Cremica Biscuits & English Oven Bread, and Wai Wai Instant Noodles from CG Foods.
“With Abhishek as JMD and partnered by Shahid Hussain as National Creative Director (NCD), the leadership team is now future-ready for further growth and consolidation,” said Tapas Gupta, Chairman & MD, BEI Confluence.
Gupta has been a part of BEI Confluence since 2016, transitioning from Ogilvy & Mather. At O&M, he served as client servicing director for more than four years, overseeing flagship brands Sprite and Kinley from the Coca-Cola Company as well as managing the lighting division brands of Philips.
With nearly two decades of expertise in creative and brand management, Gupta began his career with agencies such as Euro RSCG (now Havas Media). He was responsible for managing brands such as Max New York Life Insurance, Makemytrip, and Indiatimes.com.
Indore Smart City Accelerator programme backed by IIMA Ventures aids 14 startups
In its inaugural cohort, IIMA Ventures has backed 14 startups from Indore through the Indore Smart City Accelerator programme.
In collaboration with the Departments of Science and Technology, Government of India, and Smart City Indore, the initiative mentors startups in developing business models and proposals for engaging with public sector clients.
With a focus on addressing challenges within the city, the programme attracted applications from 100 Indian startup entities to find solutions in areas such as urban mobility, cleanliness, citizen safety & security, and air quality. The initiative aims to aid early-stage startups targeting urban local bodies in securing pilots to validate their solutions.
Indore Smart City has selected three startups from the cohort—Aumsat Technologies, Arc Robotics, and Pod Pitara—for pilot projects.
The startups underwent training sessions covering areas such as business modelling, unit economics, B2G sales, government tender applications, and investment readiness, facilitated by angel investors.
Vineet Aggarwal appointed head of partnerships and initiatives at Cashinvoice
Digital supply chain finance platform has onboarded Vineet Aggarwal as the head of partnerships and initiatives. In his new capacity, Aggarwal will lead strategic collaborations and spearhead initiatives to fuel the company’s growth.
With 20 years of experience in leading banks and card networks such as Mastercard, Bank of America, DBS, and HSBC, Aggarwal brings expertise in supply chain finance, commercial cards, payments, and cash management.
“Vineet’s proven track record and industry acumen makes him an invaluable addition to our team. We believe his leadership will drive fresh projects and relationships, strengthening Cashinvoice’s performance in the ecosystem,” said Arun Poojari, Co-founder and CEO, Cashinvoice.
Cashinvoice recently raised $4 million in its Series A funding round, with backing from HDFC Bank, Pravega Ventures, and Accion Ventures.
Edited by Swetha Kannan
