Funding
SaaS startup Knit secures $1M seed funding
Knit, a unified API platform for SaaS businesses, has raised $1 million in a seed funding round led by Endiya Partners, along with participation from Axilor Ventures and angel investors.
The startup will use the capital to enhance the product capabilities and incorporate Gen AI technologies. Additionally, it will used in expansion and scaling its customer base in the US market and beyond.
Founded in January 2024, Knit offers a plug-and-play integration platform for SaaS companies to help them build and maintain integrations with other SaaS tools with minimal effort.
Luggage and travel accessories startup ICON picks up $1.2M in seed funding
ICON, a premier internet-first direct-to-consumer luggage and travel accessories (LTA) startup, has raised $1.2 million in seed funding. The round was led by DSG Consumer Partners with participation by a host of angel investors.
The capital will be used to augment ICON’s existing product line, expand its team, strengthen its distribution network, and boost its innovative portfolio. The brand caters to the mass premium segment in the LTA category.
BharatRohan raises $2.3M in funding
BharatRohan, an agritech firm specialising in drone-based hyperspectral remote sensing, has raised $2.3 million in a pre-IPO round from notable investors, including Villgro Innovation Foundation, Caspian, RevX, and Venture Garage (with a group of Ultra High Net Worth Individuals as investors), marking a blend of debt and equity financing.
The capital will be used in developing proprietary edge computing drones specifically for precise crop monitoring and variable pesticide application. These drones will be made available to rural entrepreneurs through franchise-based models, enabling them to offer CropAssure services to farmers. Additionally, the company plans to design and develop compact hyperspectral and multispectral sensors for drones.
Founded by Rishabh Choudhary and Amandeep Panwar in 2016, BharatRohan currently supports 50,000 farmers covering 200,000 acres in five states with its advanced drone-based decision support system known as BharatRohan CropAssure.
Parseable raises $2.75M in seed round
Bengaluru-based Parseable has raised a seed funding round of $2.75 million led by Surge and NP-Hard Ventures
This investment is set to fuel Parseable’s mission to innovate in handling the surging volumes of log data generated by modern digital businesses.
The platform uses the benefits of cloud computing, including scalability, reliability, and flexibility. It leverages fundamental cloud components like storage and computing that allow it to dynamically adjust resources to meet demand. This scalability ensures that businesses can manage their data effectively, regardless of volume, without worrying about the infrastructure overhead.
Fodder Ecosystem Builder Cornext raises $2.2M from Omnivore
Cornext, which is building a fodder ecosystem to support dairy cattle farmers, has raised $2.2 million in a seed round from Omnivore.
The startup is solving the fodder deficit through its patented silage baling technology. It is a preservation technique wherein nutrient-rich green fodder is cut fresh, chaffed, and tightly packed, allowing it to be used year-round without spoilage. Cornext’s baling technology makes compact 50 kg silage bales sold to dairy farmers through a network of village-level fodder entrepreneurs.
Cornext has, so far, launched 400+ fodder entrepreneurs across India and has begun exporting its silage baling machines across Asia, Africa, and Latin America.
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Other news
Sinton, Agribid partner to transform agri procurement
Sinton, a global commodity trading company headquartered in Singapore, and Agribid, an agritech startup, have partnered to transform the procurement of commodities in the agriculture sector. The partnership will raise up to $50 million in equity and debt for building warehousing and bringing facilities to the top four seaports in India
This partnership will begin with the founding of Sinton Agribid Indonesia to supply and deliver high-quality agricultural commodities to Indonesian government-linked companies for the next five years. This project will aim to boost the export of agri commodities through PACS and FPOs.
F5 appoints Pratik Shah as India and SAARC MD
F5 has appointed Pratik Shah as Managing Director for its operations in India and the South Asian Association for Regional Cooperation (SAARC) region.
Shah will lead F5’s growth strategy in India and SAARC, focusing on comprehensive solutions and competitive security offerings.
With nearly two decades of industry experience, he’s known for driving impactful business results and sales growth. He joined F5 in 2019, initially overseeing sales inwWestern India before being promoted to Director of Sales for the India Enterprise business in 2022. Previously, he held leadership roles at Palo Alto, Juniper Networks, and Extreme Networks.
New Relic announces Katrina Wong as Chief Marketing Officer
New Relic, the all-in-one observability platform, announced Katrina Wong as the company’s next Chief Marketing Officer. Wong will oversee the company’s brand, demand, and communications initiatives with a focus on driving growth and market expansion.
Wong brings over 20 years of experience in marketing, go-to-market, and community development. Wong most recently served as Divisional CMO and VP of Marketing at Twilio Segment. She has also held marketing leadership and go-to-market positions at Hired, Zuora, Salesforce, and SAP.
(This copy will be updated with the latest news throughout the day.)
Edited by Kanishk Singh
