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Funding

Kapture CX raises $4M from India Alternatives to strengthen its global footprint

Kapture CX, an AI-driven customer support platform for enterprises, has raised $4 million from India Alternatives, a domestic private equity fund.

The funds will be used to boost Kapture CX’s global presence and market expansion, enhance product capabilities, and accelerate the development of advanced AI technologies for a more personalised customer experience.

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Sheshgiri Kamath and Vikas Garg, Founders of Kapture CX

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Founded in 2014, Kapture CX is a SaaS-based customer support automation platform that focuses on customer support and personal interactions. It offers a customer profiling and segmentation tool, allowing users to collect and segregate all prospective interactions on a single platform.

The company claims to have over 100 ready-to-use APIs and 500 reporting formats. Its clients include Nykaa, 1MG, Zepto, Meesho, Syska, Big Basket, Ford, Netmeds, Prestige, Tata, and Wipro.

AI-powered drug discovery startup Peptris raises $1M in pre-seed funding

Bangalore-based AI drug discovery startup Peptris Technologies Private Limited has secured $1M in a pre-seed investment round from Speciale Invest.

The funding will be used to enhance the company’s AI-driven drug development efforts with a focus on novel therapies for oncology, inflammation, and rare diseases. It will also expedite the AI-powered discovery programmes and help establish a robust pipeline of potential drug candidates, said the company.

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Co-founders of Peptris (L-R): Narayanan Venkatasubramanian, Anand Budni, Shridhar Narayanan, and Amit Mahajan

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Founded in 2019 by Narayanan Venkatasubramanian, Anand Budni, and Amit Mahajan, Peptris uses advanced AI to quickly identify potential drug candidates, thus reducing lab testing time. The team has received grant support from various government agencies and has been incubated at C-CAMP in Bangalore.

Other news

Zeeve expands RaaS offering with zkSync hyperchain compatibility

Zeeve, a provider of RaaS (rollup as a service) and Web3 infrastructure, has introduced support for zkSync hyperchains.

These hyperchains are sovereign, scalable, and interoperable zk-chains running on top of Layer-1 Ethereum or Layer-2 zkSync Era networks. They adopt a modular approach, allowing for different blockchain components for transaction sequencing, data availability, and privacy, without losing interconnectivity with the Ethereum ecosystem.

Zeeve’s integration with zkSync’s hyperchains enhances its RaaS platform, extending its enterprise-grade offerings to those looking to launch application-specific and highly customisable blockchains using ZK Stack, said the company.

This includes the vast Zeeve community of over 27,000 developers and 40 institutions. The enhancement enables swift deployment and management of Layer 3 or Layer 2 hyperchains, backed by robust infrastructure, advanced automation tools, and continuous monitoring, the company stated.

PayCraft partners with NSDL Payments Bank, NPCI to launch corporate transit card

PayCraft, a Mumbai-based fintech company, has launched the One Nation Corporate Card in partnership with NSDL Payments Bank and National Payments Corporation of India (NPCI).

The card, built on an indigenous multi-wallet platform with transit issuance and processing capability, serves as an employee tax benefit instrument and offers a digital corporate expense management platform for employers.

The One Nation Corporate Card is a comprehensive payment solution designed for corporates and SMEs, simplifying business travel, small value payments, and branch expenses. It works seamlessly on any merchant POS device and e-commerce platform, said the company.

The card’s expense management platform automates the entire business expense lifecycle. Additionally, it serves as a multipurpose card, serving as a transit travel card, tax benefit card, and business travel card. This card is accepted on public transport and other modes of public transport.

TVS Capital Funds onboards Kal Raman as venture advisor

TVS Capital Funds has appointed Kal Raman, President of Bolt, as a venture advisor, aiming to enhance its strategic capabilities and contribute to its mission as a prominent rupee capital growth private equity fund manager.

TVS Capital Funds has an AUM (assets under management) of around Rs 2,000 crore. The fund partners with top-tier next-gen entrepreneurs in financial services and B2B services, providing them with capital and capability to grow into successful businesses.

The company is raising its fourth growth private equity fund, aiming to support entrepreneurs’ long-term attractiveness.

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Kal Raman, Venture Advisor, TVS Capital Funds

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Prodigy Finance appoints Sonal Kapoor as global chief commercial officer

Prodigy Finance, a international student loan lender, has appointed Sonal Kapoor as its global chief commercial officer, to drive the company’s growth initiatives and spearhead its global commercial strategy.

Kapoor, who has over 13 years of experience in fintech, ecommerce, product innovation, and partnerships, has joined Prodigy Finance after eight years at Flipkart.

In her new role, she will oversee Prodigy Finance’s global commercial operations, strengthen client relationships, and enhance the overall customer experience.