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Funding

Zivy raises $1.2M in pre-seed round led by Blume Ventures

Zivy, an AI-driven tech startup, has raised $1.2 million in the pre-seed round led by Blume Ventures and co-investors Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures. 

The round also saw participation from many marquee angel investors such as Ashwin Bhatnagar and Anand Balaji from Xflow, Harshil Mathur and Shashank Kumar from Razorpay, and Kunal Shah.

With the recent fundraising, the tech startup plans to allocate the funds towards its product development and expanding its R&D team.

Founded in 2023, Zivy aims to build a personalised copilot for managers and leads, that helps them stay organised and manage their work more effectively. Zivy’s initial release integrates directly with Slack, analysing the context of your conversations and tasks.

Mitra bags Rs 11 Cr in pre-Series A funding

Mitra, an FMCG direct-to-consumer startup, has raised Rs 11 crore in its pre-Series A funding round led by Bestvantage Investments, with participation from a Dubai-based strategic family office.

The funding round included Ah! Ventures, Soonicorn Ventures, Beej Network, Planify, 1000 Unicorns, and individual investors like Arjun Vaidya, Ashok, and Ajay Kumar, ex-COO of Pizza Hut, along with support from strategic mentors and advisors.

The funds will be used for the startup’s plans for expansion, starting with its newly established manufacturing unit in Mathura and Gurgaon, spanning over 40,000 square feet.

The recent funding will enable Mitra to strengthen its supply chain further, explore export opportunities in European markets, and participate in strategic government tenders, including NAFED and Bharat Aata.

The company has built a distribution network of more than 300 distributors and 15,000+ retailers, with operations across 14 locations.

Supersquad secures Rs 2.1 Cr in pre-seed round

Creator monetisation startup Supersquad has secured Rs 2.1 crore led by WLDD, with participation from angel investors including Nitin Rajput and Jivraj Singh Sachar. 

The company intends to use the funds to strengthen its technology platform and grow the team. This investment will fuel the company’s mission to transform how creators connect with their audiences and monetize their passions through unforgettable travel experiences.

Co-founded in 2024 by Akash Kadyan and Anushrut Khare, Supersquad helps creators unlock a new income stream through community-led travel experiences.

Supersquad aims to onboard more creators and build strategic partnerships with travel providers.

Other news

Accel to invest up to $1M in pre-seed startups with Accel Atoms 4.0

Accel, a leading global venture capital firm, has launched Accel Atoms 4.0, the fourth edition of its pre-seed scaling programme, designed to make a founders’ 0 to 1 journey as frictionless as possible. 

Accel Atoms 4.0 is calling for applications from two types of pre-seed startups: 1) those focused on ‘Bharat’—middle-income households in Tier II, Tier III, and rural India—and 2) those specialising in AI.

Accel Atoms 4.0 is a rigorous three-month hybrid program open to pre-seed startups, including those at the idea stage and pre-product stage.

Selected startups will receive up to $1 million in funding via equity or convertible note, along with over $5 million in perks from Accel’s network partners. Founders will also gain access to Accel’s global community of over 200 founders, mentors, and potential customers.

Since its inception in 2021, Accel Atoms has supported 32 startups, which have collectively raised over $200 million so far. Companies like DhiWise, Material Depot, Nymble, Ripik, Rigi, and Spendflo were part of prior editions of Accel Atoms.

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G42 to launch Hindi LLM

G42, the UAE-based leading technology holding group, has announced that it will soon launch NANDA—a Hindi large language model. 

It is a 13-billion parameter model trained on approximately 2.13 trillion tokens of language datasets, including Hindi.

NANDA is the result of a collaboration between Inception (a G42 company), Mohamed bin Zayed University of Artificial Intelligence, and Cerebras Systems. 

The model was trained on Condor Galaxy, one of the world’s most powerful AI supercomputers for training and inferencing built by G42 and Cerebras.

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