Blog

Funding news

nhance bags $1.5M in seed funding 

nhance.ai, a provider of smart building solutions, has raised $1.5 million in seed funding from high-net-worth individuals (HNIs). This investment will boost the company’s growth and enhance its platform which facilitates the development of smart buildings for its growing customer base.

The funds will be allocated towards accelerating product development, recruiting talent, and exploring strategic partnerships.

The firm’s nhanceTwin platform offers businesses with visibility on building performance and insights leveraging machine learning and artificial intelligence.

“We are thrilled to have the support of our esteemed investors who share our vision for transforming the smart building landscape. This funding will allow us to scale our operations, enhance our product offerings, and continue to deliver exceptional value to our customers,” said Deepak Nagraj, Founder and CEO of nhance.ai.

Umwelt.Ai raises $125K seed funding led by SaaS accelerator Upekkha 

HR technology platform Umwelt.Ai has raised $125K in seed funding from Upekkha, an AI-focused SaaS fund and accelerator.

“Our platform is designed to bridge the gap between employee expectations and organisational realities, enabling companies to unlock their workforce’s full potential,” said Vishal Chopra, CEO and founder of Umwelt.Ai. 

Umwelt.AI utilises artificial intelligence and data science to improve employee experiences and drive business outcomes. The platform provides an AI-driven People Analytics and Employee Experience solution that outperforms traditional HR methods.

Other news

HCLTech and upGrad enterprise collaborate to offer job-aligned skilling programmes

Global tech company HCL Technologieshas partnered with upGrad Enterprise, the corporate skilling and workforce development division of upGrad, to provide a variety of job-focused skilling programmes in multiple formats to clients worldwide.

Together, the two entities will curate content and learning experiences for working professionals and corporations worldwide. Additionally, the partnership will focus on developing and launching programmes in Generative AI and related technologies. 

“By combining our edtech offerings with upGrad Enterprise’s proposition for global clients and university-led skilling courses /certifications in high-demand disciplines such as data and emerging technologies, we are set to jointly offer clients and learners a world-class learning experience, complete with high-quality study material and practical, real-world industry experiences, facilitating the quicker application of skills in their professional roles,” said Srimathi Shivashankar, Corporate Vice President and Global Head, Edtech Business, HCLTech.

Reliance Retail’s Yousta expands footprint in North India, launches new store in Lucknow

Reliance Retail’s Yousta, a youth-centric fashion brand, has announced the opening of its newest store in Lucknow on Kapoorthala, Aliganj Road. Since its launch last year, Yousta has rapidly expanded nationwide, with multiple stores in Maharashtra, Telangana, Andhra Pradesh, Chhattisgarh, Kerala, Tamil Nadu, Jharkhand, Karnataka, West Bengal, and Uttar Pradesh.

The brand offers stylish and budget-friendly clothing, specifically catering to the fashion-forward youth of India. To celebrate the launch, Yousta is running a special contest called “Star of Lucknow.” Customers are invited to try on the latest Yousta collection and post their pictures on Instagram.