Funding
Hypergro.ai secures Rs 7 Cr from Silverneedle Ventures, others
Bengaluru-based martech startup Hypergro.ai has raised seed funding of Rs 7 crore. The round was led by Silverneedle Ventures, with participation from Huddle, TDV Partners, HME Ventures, Dholakia Ventures, FiiRE, and angel investors like Arjun Vaidya, Ankit Kedia, and Rajesh Sawhney.
The funds will be used to attract talents in areas such as AI and machine learning, tech, product, sales, and marketing. In addition, the company is setting its sights on new markets and is ready to make its innovative solutions available to a wider range of businesses.
Founded by Rituraj Biswas (CEO), Neha Soman (CBO), Abhijeet Kumar (CTO), and Arijit Mukhopadhyay (CPTO) in 2022, Hypergro.ai is focused on helping brands streamline their marketing efforts, offering a highly effective, cost-efficient solution for businesses.
Insurtech startup Square Insurance secures $1M from Recur Club
Square Insurance has raised $1 million in funding from .
The funding will be used to support the company’s expansion plans and commitment to remaining at the forefront of industry technology.
With this new fundraise, Square Insurance plans to open 15 new branch offices and strengthen its workforce. This strategic move aims to better serve its growing customer base and enhance support services through increased manpower and the development of cutting-edge technology.
Women’s wellness brand Inaari bags Rs 4 Cr from HyugaLife.com
Health and wellness ecommerce platform HyugaLife.com has invested Rs 4 crore in Inaari.
The funds from this investment will be channelled towards further developing Inaari’s product range and strengthening its presence in the women’s wellness market. The brand aims to enhance its research and development efforts to create even more effective wellness solutions tailored to women’s self-care needs.
Founded by Rashmi Putcha, a hormonal health coach, Inaari addresses a significant gap in supporting women’s health. Its meticulously crafted product range addresses women’s well-being, from puberty to menopause, addressing key concerns such as period management, PCOS/PCOD, fertility and menopause support.
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Other news
Zomato, Battery Smart to promote greener last-mile deliveries
Food ordering and delivery platform Zomato has announced its association with Battery Smart, a battery-swapping network for electric two- and three-wheelers. As part of this association, delivery partners onboarded on Zomato can get access to Battery Smart’s existing network of more than 800 swap stations across over 30 cities.
To kick off this association, the companies collectively organised a first-of-its-kind two-wheeler ‘EV Mela’ in Delhi last month. The event aimed to raise awareness amongst two-wheeler-based delivery partners about the benefits of using an EV and to showcase Battery Smart’s battery-as-a-service model, which aims to reduce high upfront battery costs and eliminate range anxiety.
The EV Mela was attended by hundreds of EV enthusiasts, mainly delivery partners onboarded on Zomato and featured the participation of vehicle partners, Lectrix and Fujiyama, as well as financing partners, Revfin and Mufin.
PrepInsta to partner with over 100 academic institutes by FY23-24
has announced its strategic initiative to collaborate with over 100 academic institutes by the close of the fiscal year 2023-24.
It already has joined forces with more than 30 educational institutions such as Gitam, KL University, SNS, KRGI, SSIET, and many others. These partnerships have enabled PrepInsta to expand its reach to prominent cities across India, including Chennai, Coimbatore, and several other major south Indian urban centres.
In the coming quarter, PrepInsta’s plan will partner with another 30 institutions, a significant leap towards its goal of 100 collaborations by fiscal year-end. These alliances will help extend the reach and impact of PrepInsta’s innovative education.
BetterPlace appoints former Twilio, Myntra exec Ved Antani as CPTO
has appointed Ved Antani as its new Chief Product and Technology Officer. With over 15 years of experience in building highly-scalable platforms and products across SaaS, ecommerce, gaming and enterprise sectors, Ved will lead the company’s efforts to become a robust, AI-optimised full-stack workforce management SaaS platform.
Prior to joining BetterPlace, Ved was the General Manager and Vice President of Engineering and Product at Twilio where he was responsible for creating a global engineering and product vision for the company. He also led efforts to enhance the engineering roadmap for Myntra to improve their progressive web apps and increase fraud detection and prevention during his tenure as the Vice President of the company.
BetterPlace recently partnered with Microsoft to bring in AI and analytics into their tech stack to provide more value to their enterprise customers.
(This article will be updated with the latest news throughout the day.)
Edited by Kanishk Singh
