Jugyah raises $1.5M from White Venture Capital, others
Tech-based real estate broker, Jugyah, raised $1.5 million in a round led by White Venture Capital, QED Investors, and Godrej Properties.
The round also saw participation from Whiteboard Capital, Singularity Ventures, and angels Kunal Shah (CRED), Harsh Jain (Dream 11), and Ramakant Sharma (Livspace).
The Mumbai-based company will use the funds to expand in the Mumbai Metropolitan Region, capture cement market share and work with high-demand localities before it expands to other cities.
Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah aims to solve the absence of high-quality, end-to-end, digital experiences available for rentals.
“We realised that listing platforms are very surface level and barely solve the search and discovery problem. What happens after, that is the visit, negotiation, transaction and post-move-in experience, is completely offline and unstandardised,” said Balwa.
Inflection Point Ventures makes seed investments in Bloq Quantum, Medront Datalabs, Telkes Technologies
Bloq Quantum, Medront Datalabs, and Telkes Technologies bagged Rs 80 lakh each as seed investment after emerging as the winners of Inflection Point Ventures early-stage accelerator programme, IPV Ideaschool Batch 1.0.
The six-week nationwide programme involved a rigorous multi-level selection process, starting with over 1,000 applications.
The programme had intensive masterclasses, bootcamps, and mentorship sessions conducted by industry experts with 15 finalists pitching to a jury, which included Sukhmani Bedi (Partner at Orios Venture Partners), Jaideep Singh Kalra (Director and Head Business Banking at HSBC), and Karan Kumar (Business Development Manager at AWS).
Sreekuttan LS’s Bloq Quantum is an AI-enabled collaborative solutions for quantum data and algorithm pipelines. Nitesh Singh’s Medront Datalabs is a secure data pods and consent platform, allowing users to control their personal data and enables secure data exchange with D2C brands. Abhijeet Jagtap’s Telkes Technologies (My Pickup) provides subscription-based electric auto-rickshaw services for daily commutes.
IPV also launched IPV Ideaschool Batch 2.0, which will start from August 1. Interested startups can apply for Batch 2 from August 1 till August 20.
WinZO partners with FGV Brazil, plans to invest $50M for LATAM expansion
Interactive entertainment platform WinZO partnered with LATAM-based educational institution, Fundação Getulio Vargas (FGV EAESP), for research projects and hiring local talent.
The company, which has a vernacular entertainment platform, also plans to invest $50 million to expand presence in LATAM.
“Partnering with FGV Brazil marks a significant milestone in WinZO’s journey to deepen its footprint in the Brazilian market. By hiring local talent and fostering research collaboration, we aim to not only enhance our operational capabilities but also integrate more seamlessly into the local culture,” said Paavan Nanda, Co-founder of WinZO.
The company launched its app in Brazil in October 2023, allowing its 100+ partner game developers to export games and gain free access to the Brazil market.
(This article will be updated with the latest news throughout the day.)
Edited by Suman Singh
