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ah! Ventures invests in agritech startup Agrilectric through its First Gear Platform

ah! Ventures has invested in Agrilectric through its First Gear Platform, which helps startups raise upto Rs 1 crore (~USD 150K). 

ah! Ventures has done 221 investments in 130 startups till date taking its total investment portfolio to Rs 437 crore (~$54 million) with 17 exits and 55 follow on rounds. 22 investments have happened through all three platforms and the fund in 2024.

ah! Ventures has three platforms: First Gear, which helps startups raise upto Rs 1 crore (~USD 150K); Angel Platform, which helps startups raise upto $1 million, and High Tables Platform, which helps startups raise $1-10 million.

ProsParity raises $2 million in pre-seed round Led by BEENEXT

ProsParity, a fintech platform focused in the electric mobility sector, has raised $2 million pre-seed funding round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. Angel investors like Dr Ashish Gupta (Co-founder of Junglee & Helion Ventures), Raj Dugar (Ex-Eight Roads Ventures), Dhyanesh Shah (Co-founder of Mosaic Wellness), Abhishek Goyal (Co-founder of Tracxn) and Nitin Kaushal (Co-founder of Country Delight) also participated in this round.

Founded by Saurabh Khodke and Anirudh Dhakar, ProsParity is an end-to-end electric mobility financing platform that focuses on compliance, scalability, and agility for lenders, while easing access to financing relationships for EV dealers and OEMs to enable financing for their end-customers.

The funds raised will be used for building proof of concept, technology, and expanding origination networks, starting with Central India. ProsParity is also building a comprehensive partnership network across Original Equipment Manufacturers (OEMs), Fleet Operators, Dealerships, and Lenders.

Freshleaf raises Rs 1 crore in seed round led by Inflection Point Ventures

Premium tea brand Freshleaf has raised Rs 1 crore in seed round led by Inflection Point Ventures. The funds raised will be utilised to expand marketing efforts, increase production capacity, and enhance research and development for new products.

This investment will enable Freshleaf to offer high-quality teas that enrich the tea-drinking experience for modern consumers. With innovative flavors and a commitment to accessibility, Freshleaf is set to become a leading name in the competitive beverage market.

Portl raises $3 million led by Bharat Innovation Fund

Portl, a Digital Fitness and Wellness Technology startup, has closed a $3 million funding round led by Bharat Innovation Fund. This round also saw participation from existing investor Kalaari Capital and new investor T-Hub Foundation. The new infusion of capital is set to accelerate Portl’s product development, market expansion, and enhancement of its cutting-edge AI systems.

With its latest funding, Portl plans to broaden its product range, introducing connected strength systems designed for users of all fitness levels, and expand its customer base across India and overseas markets.

Founded in March 2021 by Indraneel Gupta, Vishal Chandapeta, and Armaan Kandhari, Portl’s flagship offering, the Portl Studio, along with its robust digital platform, integrates cutting-edge artificial intelligence to provide personalised fitness and wellness experiences directly in users’ homes, luxury hotels, and gyms.

The Smart Mirror boasts a 43-inch 4K screen, embedded bio-sensors, HD cameras, and edge-AI processing with Wi-Fi and Bluetooth connectivity, offering real-time form feedback, health monitoring, and seamless telemedicine integrations as well.

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Also Read

Startup news and updates: Daily roundup (May 22, 2024)

Other news

PokerBaazi and Push Sports partners to launch Baazi Sports Foundation Fellowship

PokerBaazi, a poker platform, in collaboration with Push Sports, has announced the Baazi Sports Foundation Fellowship. As part of PokerBaazi’s corporate social responsibility (CSR) vision, this fellowship program aims to provide junior cricketers (under 19 years) with a year-long fellowship to enhance and hone their skills through focused technical training and competitive exposure. 

Annually, a cohort of promising participants is selected based on their potential and dedication to the sport, the release states. These selected athletes receive personalized guidance and training from seasoned cricket professionals. They are also given the opportunity to compete in both domestic and international tournaments, providing them with crucial competitive exposure.

Additionally, the fellowship provides financial support to the participants, offering Rs 10,000 per month for living expenses and Rs 15,000 per month to cover training fees. To further aid in their development, the fellowship includes high-quality cricket equipment valued between Rs 25,000 and 50,000, comprising essentials such as bats, pads, gloves, helmets, and other necessary gear for their cricketing endeavors.

MakeMyTrip introduces tech-driven features to transform train travel experience

Online travel company MakeMyTrip has announced the launch of a host of tech-driven features designed to enhance every railway journey and address common consumer pain points. 

The company segmented the traveller’s booking experience into distinct phases, actively exploring technology-driven solutions. Among the most pressing concerns for customers with regard to train ticket bookings has been the difficulty in securing confirmed tickets. In this regard, the company has introduced first-of-its-kind Seat Lock feature on MakeMyTrip Trains that allows travellers to secure a confirmed ticket by paying just 25% of the fare, with the remainder payable up to 24 hours before travel.

Another key problem area for train ticket bookings is that confirmed tickets are not always available on direct trains/trains of choice for the preferred date of travel. This leaves travellers with very few options. MakeMyTrip’s Connected Travel feature solves for this by seamlessly combining bus and train journeys and providing multiple combinations while considering layover time and overall travel duration.