Funding news
e-Procurement platform Centriti raises Rs 6 Cr
Centriti, a B2B SaaS e-procurement platform for the HoReCa (Hotel, Restaurant, and Catering) industry, raised Rs 6 crore in a pre-Series A funding round led by Emergent India Ventures (EV2). The round saw participation from Atrium Angels, Alluvium Capital, Venture Garage, CoralBay Ventures, HOF, and Brigade Group.
Founded in 2022, Centriti offers a tech-based, end-to-end procurement system that centralises and simplifies the procurement process for HoReCa businesses.
Sustainability startup Ricron Panels raises Series A funding
Gujarat-based plastic waste recycling company Ricron Panels raised an undisclosed Series A round led by Boon Sustainable Technologies. The round also saw participation from Harsh Mohunta (Managing Director, Classic Display Systems), Dinesh Babbar (ex-President at Infra.Market), Venkatesh Srinivasan (ex-Partner, EY GDS), Architect Renuka Sharma, and Kaushik Rajan (Founder, Stoicus Legal), and Veromint Advisors.
Founded by Rahul Chaudhary and Radhika Chaudhary, Ricron’s patented technology transforms non-recyclable plastic waste into versatile, waterproof, rust-proof, fire-retardant, heat-resistant, termite-proof, and impact-resistant building materials, including roofing, framework shuttering, doors, panels, and storage pallets.
Felicity Games raises $700K in pre-seed round
Felicity Games, a casual game developer and publisher, has secured $700,000 in a pre-seed funding round from DeVC, Visceral Capital, and marquee angel investors, including Kunal Shah of CRED; former Nazara CEO, Manish Agarwal; Sriharsha Majety and Nandan Reddy of Swiggy; and Sameer Pittalwala, Head of Gaming, Google Cloud (APAC), among others.
Founded in 2023 by ex-Swiggy executive Anurag Choudhary, in under a year, Felicity has launched over 10 game titles, which more than a million monthly users play across 14 geographies. The company will use the funds towards testing 10 more such games by March 2025. It aims to scale its revenue by 10X by the end of this year.
Qarmatek raises $1M funding round
Qarmatek, a sustainability and circular economy-focused renewed electronics brand, raised $1 million in funding led by Umang Nahata and Rakesh Raman of Orange Orbit and Vishal Makwana of Texspin.
The capital will help Qarmatek expand into multiple categories in renewed electronics, scale operations, and grow geographically.
The investment aligns with Qarmatek’s mission to promote sustainability by extending the lifecycle of electronic products through renewal and refurbishment, thus reducing e-waste and contributing to a circular economy.
Other news
Sify Technologies appoints Tom Bradicich to its board
Sify Technologies, a Digital ICT solutions provider with global service capabilities spanning data centre, cloud, networks, security and digital services, appointed Tom Bradicich as a director on the Board of the company.
Bradicich previously served on several boards, including Aspen Technology (AZPN), a publicly traded industrial software company, and the advisory boards of SparkCognition, an AI software company, and a social media and silicon chip startup.
(This copy will be updated with the latest news throughout the day.)
Edited by Suman Singh
