Funding
AI-based admissions startup Ambitio raises pre-seed round
AI-based global admissions startup Ambitio, which helps students in pursuing higher education abroad, has raised its pre-seed round of Rs 1.55 crore. The funding comes from investors including First Cheque, a couple of unicorn founders, and angel investors from the US and India.
Ambitio AI Copilot helps applicants identify ideal courses and craft stellar essays and SOPs.
Leveraging a database of over two million admissions, they are developing a low-touch approach to construct a comprehensive global admissions platform.
B2B-focused SaaS startup Glamplus raises Rs 16.5 Cr in pre-Series A round
Glamplus, a SaaS-enabled B2B beauty marketplace, has raised approximately Rs 16.5 crore in a pre-Series A round from Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund, and Inflection Point Ventures. The round also saw participation from Kube VC and other marquee investors, including Gopal Krishna Varshney and IR capital partners.
The funds will be directed towards B2B expansion in Tier I and Tier II cities and to venture into international markets.
Glamplus is currently operational in Karnataka, Chhattisgarh, and Odisha, catering to clients from salons to small- and medium-sized beauty stores. It also launched a centralised warehouse for faster order processing and optimised logistics. Pivoting to a digital B2B beauty marketplace, it has listed 2,000 SKUs, achieving 12% annual growth, serving 9,500 B2B clients, and six lakh B2C customers. It aims to reach 1000 B2B beauty clients in six months.
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Glamplus Co-founders
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Other news
Gautam Naidu joins Decimal Point Analytics as Chief Revenue Officer
Decimal Point Analytics, a provider of data analytics, AI and market research solutions, has appointed Gautam Naidu as its new Chief Revenue Officer (CRO). Naidu will head revenue generation strategies, drive business development initiatives and help in the company’s growth.
With over 25 years of diverse experience in the technology and business development sectors, Naidu has joined Decimal Point Analytics. Before this, he served as the Senior Vice President of Business Development at Talentica Software. He has contributed to companies like Talentica Software, IBM, CCR Technology, and Schlumberger.
He completed his post-graduate degree from the Indian Institute of Management Ahmedabad (IIM A) and his undergraduate degree from the Indian Institute of Technology Bombay (IIT B).
eFeed secures Rs 25 lakh grant from Indian Council of Agriculture Research (ICAR)
eFeed, a precision animal management and feed practice company, has acquired a grant amounting to Rs 25 lakh from ICAR.
The grant ceremony took place at the ICAR campus in Delhi and witnessed the participation of many leaders from ICAR, including joint directors.
These funds will be utilised to expand the startup’s reach, enabling it to empower more farmers with its technology solutions like Nutrition Calculator. It also aims to make a substantial impact on the increase in milk output, thereby contributing to the overall productivity and sustainability of the livestock and dairy sector.
Arjun Mehta joins Leverage.biz as CFO
Arjun Mehta, former CFO of American Express India in the early 2010s, has joined Leverage.biz. Leverage.biz oversees the study abroad platform LeverageEdu, the student finance arm of Fly Finance, and the student accommodations wing of Fly Homes.
Mehta has overseen finance for Apple’s India business and was the CFO of UK fintech major Revolut in his last role.
Experian appoints Manish Jain as Country Managing Director of India
Experian, a global information services company specialising in decisioning, data analytics, and technology, has appointed Manish Jain as its new Country Managing Director for Experian India.
As the Country Managing Director, he will lead Experian’s strategic initiatives, drive business growth, and cultivate strong partnerships with clients and stakeholders.
Manish Jain, an experienced leader in financial services and technology, brings over 25 years of expertise to steer Experian’s operations in India. As the former Co-founder and CEO of Excelrate, he advised organisations on their growth strategies and implemented large-scale plans in the banking industry. Before Excelrate, he held leadership roles in the credit bureau industry for over 12 years.
(This copy will be updated with the latest news throughout the day.)
