You are currently viewing Startup news and updates: Daily roundup (April 19, 2024)

Startup news and updates: Daily roundup (April 19, 2024)

Funding news

Spintly Inc. raises $2M in extended Seed round

Cloud-based smart building solutions provider Spintly Inc. has raised $2 million in an extended Seed round led by Accel, Doctor Technology, and Chakra Growth Fund.

Spintly aims to use this capital to accelerate its growth within the US market, with a strategic focus on bolstering its sales, marketing and partnership initiatives, it said in a statement.

Founded in 2018 by Rohin Parkar and Malcolm Dsouza, Spintly offers smartphone-based access control solutions for commercial and residential buildings.

“Spintly’s solutions have overcome the shortcomings of traditional access control systems- they are adaptive, scalable, and allow decentralized access control, all of which make them very convenient to use,” Barath Shankar Subramanian, Partner at Accel said.

“The team is on its way to revolutionize smart buildings – they have already shown consistent results for large customers, reducing costs for multiple businesses and simplifying infrastructure management for thousands of people.”


Equirus appoints Amit Arora as its new COO and MD

Mumbai-based financial services company Equirus has appointed Amit Arora as its new Chief Operating Officer (COO) and Managing Director.

“I am honored to join Equirus, a company known for its commitment to excellence and innovation in financial services,” said Amit Arora. “I look forward to working closely with the Equirus team to drive operational efficiency, foster a culture of collaboration, and deliver exceptional value to our clients and stakeholders.”

Amit joins Equirus with a 29-year background in the financial sector, including his role as CEO of Sharekhan BNP Paribas Financial Services Pvt Ltd, where he expanded the group’s NBFC and loan business.

(The copy will be updated with the latest news throughout the day.)

Edited by Affirunisa Kankudti

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