New Delhi-based AI-based sales startup OrbitShift has raised $7 million (around Rs 58.4 crore) in seed funding led by Peak XV's Surge and Stellaris Venture Partners.
The California-based startup plans to use the capital to expand its customer base and develop even more solutions for its customers.
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Supermoney raises USD 3.4 million
SME-focused digital lending platform Supermoney has raised $3.4 million (Rs 28.6 crore) in a Series A funding round from Capital 2B and Capria Ventures.
The funds will be used to accelerate the platform's growth and expand disbursements, according to a company statement.
"We are tapping into an $800 billion domestic market opportunity, which has so far been unserved by traditional banks and NBFCs. By partnering with industry leaders, we aim to reach 500,000 MSMEs (micro, small and medium-sized businesses) within the next 2 years and drive turnover volumes in excess of $5 billion on the platform," said Supermoney co-founder and director Nikhil Banerjee.
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Maxim AI raises $3 million
* SaaS startup Maxim AI has raised $3 million (around Rs 25 crore) in a funding round led by Elevation Capital.
The round also saw participation from angel investors such as the founders of Postman, Chargebee, Groww, Razorpay and Media.net, among others.
With the capital injection, Maxim announced the general availability launch of its platform and said it plans to use the funds to expand its team and scale operations to partner with more leading companies creating artificial intelligence products.
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Wahter raises Rs 5 crore in pre-seed funding
* Packaged drinking water startup Wahter has raised Rs 5 crore in pre-seed funding at a valuation of Rs 52 crore.
It plans to use the funds to improve its distribution network, optimize production processes and continue to innovate its advertising-focused revenue strategy.
The startup also plans to increase its workforce to expedite its expansion plans and improve operations and logistics.
The California-based startup plans to use the capital to expand its customer base and develop even more solutions for its customers.
***
Supermoney raises USD 3.4 million
SME-focused digital lending platform Supermoney has raised $3.4 million (Rs 28.6 crore) in a Series A funding round from Capital 2B and Capria Ventures.
The funds will be used to accelerate the platform's growth and expand disbursements, according to a company statement.
"We are tapping into an $800 billion domestic market opportunity, which has so far been unserved by traditional banks and NBFCs. By partnering with industry leaders, we aim to reach 500,000 MSMEs (micro, small and medium-sized businesses) within the next 2 years and drive turnover volumes in excess of $5 billion on the platform," said Supermoney co-founder and director Nikhil Banerjee.
***
Maxim AI raises $3 million
* SaaS startup Maxim AI has raised $3 million (around Rs 25 crore) in a funding round led by Elevation Capital.
The round also saw participation from angel investors such as the founders of Postman, Chargebee, Groww, Razorpay and Media.net, among others.
With the capital injection, Maxim announced the general availability launch of its platform and said it plans to use the funds to expand its team and scale operations to partner with more leading companies creating artificial intelligence products.
***
Wahter raises Rs 5 crore in pre-seed funding
* Packaged drinking water startup Wahter has raised Rs 5 crore in pre-seed funding at a valuation of Rs 52 crore.
It plans to use the funds to improve its distribution network, optimize production processes and continue to innovate its advertising-focused revenue strategy.
The startup also plans to increase its workforce to expedite its expansion plans and improve operations and logistics.
