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Funding

VR-based architectural startup Trezi closes Series A fundraise by Windrose Capital

Noida-based Trezi has closed its Series A funding round led by Windrose Capital and other investors.

It provides an immersive design communication and collaboration platform for the architecture, engineering and construction industry.

Founded in 2016, the company plans to use the fresh funds to accelerate the company’s sales and marketing efforts. It is also looking to further expand its international outreach, especially in the US.

Trezi’s platform works to transform design collaboration among stakeholders, who can now work from remote locations in real-time and at full scale. The platform also facilitates virtual meetings, and avatar-based teleportation, these features have also boosted its FY24 revenue.

Trezi is in the process of expanding its operations into the UAE, Saudi Arabia, and Oman, with sales set to commence soon. It already has an office and a unit in Dubai and plans to open one in the US.

Other news

WinZO announces collaboration with ONDC to reach broader markets

Skill gaming company Winzo has collaborated with Open Network for Digital Commerce (ONDC) to allow ONDC access to its over 175 million paying users which can be connected to buyers and sellers. 

WinZO connects game developers with paying users and charges a lower commission as compared to other leading distribution platforms. It earns revenue through advertisements and in-app purchases, charging a single-digit commission, while other platforms like Apple App Store and Google Play Store charge a 30% commission, as per the company. 

ONDC, which offers an open network for grocery and food delivery, mobility, fashion, agri-products, and health and wellness, will list its services on WinZO.

WinZO boasts a unique user demographic, primarily hailing from Tier II-V cities of the country and interacting with the internet in vernacular languages, characterised by high-frequency, low-value transactions or microtransactions. The inclusion of WinZO will help ONDC acquire new and unique users of online gaming and help digital businesses enhance revenue generation and reach a broader market.

(This copy will be updated with the latest news throughout the day.)