Dropshop, a platform for FMCG distribution, has secured Rs. 9.3 crore in a pre-Series A investment round headed by Inflection Point Ventures (IPV). The Bengaluru-based company is a full-stack platform that enables FMCG companies to digitize last-mile distribution, sales, logistics, and credit to retailers. The funds will be utilized to develop the product and expand the company’s operations.
Jumbotail, a food, and grocery retail platform and B2B marketplace, has secured Rs. 35 crore ($4.8 million) in a loan round from Alteria Capital. The money will be utilized to expand the business across the country. Ashish Jhina and S Karthik Venkateswaran, Stanford MBA classmates, started the company. The company claims that its new retail technology turns kiranas into modern omnichannel convenience food outlets under the J24 brand in as little as 24-48 hours.
SimpliContract, an AI and SaaS-based contract lifecycle management (CLM) platform, has raised $1.8 million in a seed round funding led by Kalaari Capital. Other participants include Picus Capital, Arka Venture Labs, and Digital Sparrow Capital.This fund will support the startup’s engineering, AI research, and marketing activities.
Enterprise AI and Machine Learning (ML) platform, Dataiku, which helps businesses turn raw data into analytics, has launched Dataiku Online, with the same features as that of its on-premise and the cloud product, but cuts down on the complexity of setup processes involved in the other two.
Automattic, the company behind content management systems like WordPress and other publishing platforms, has announced that it has acquired the private journaling app Day One. The financial details of the transactions remain undisclosed. In its blog post, Automattic stated that with this acquisition, Day One would continue to create beautifully designed and innovative experiences having features such as end-to-end encrypted cloud synchronization, rich text formatting with markdown, daily prompts, and much more. Even post the acquisition, Paul Mayne will remain the CEO.
Israel’s fraud detection startup, nSure.AI which helps digital retailers discern fraudulent and legitimate transactions, has raised $6.8M in a seed funding round led by Disruptive AI and others. Reports state that usually, detecting fraud is more difficult in the sale of non-physical goods as opposed to physical goods, which receive ample buffer time to detect and trace one. nSure.AI shall invest more in its AI and ML technology, using the proceeds
Convosight, a community creator monetization platform, has said that it has raised $9 million in a Qualgro-led Series A funding round. Other participants include existing investors IvyCap Ventures and Sequoia Capital India’s Surge, as well as Unilever Ventures and Ajay Gupta.
San Francisco-based Anrok, a startup that provides modern sales tax solutions for SaaS businesses, has announced the launch of its platform and its $4.3 million seed round fundraise from a Sequoia Capital and Index Ventures-led round.
Instadapp, a blockchain startup, has announced that it has raised $10 million in a funding round led by Standard Crypto. Other participants include DeFi Alliance, Longhash Ventures, and Yearn Founder Andre Cronje. The fund will be used to finish the startup’s move into the middleware layers for DeFi (Decentralized Finance) and support the ecosystem project built on top of the Instadapp protocol.
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By PeopleAtomDropshop, a platform for FMCG distribution, has secured Rs. 9.3 crore in a pre-Series A investment round headed by Inflection Point Ventures (IPV). The Bengaluru-based company is a full-stack platform that enables FMCG companies to digitize last-mile distribution, sales, logistics, and credit to retailers. The funds will be utilized to develop the product and expand the company’s operations.
Jumbotail, a food, and grocery retail platform and B2B marketplace, has secured Rs. 35 crore ($4.8 million) in a loan round from Alteria Capital. The money will be utilized to expand the business across the country. Ashish Jhina and S Karthik Venkateswaran, Stanford MBA classmates, started the company. The company claims that its new retail technology turns kiranas into modern omnichannel convenience food outlets under the J24 brand in as little as 24-48 hours.
SimpliContract, an AI and SaaS-based contract lifecycle management (CLM) platform, has raised $1.8 million in a seed round funding led by Kalaari Capital. Other participants include Picus Capital, Arka Venture Labs, and Digital Sparrow Capital.This fund will support the startup’s engineering, AI research, and marketing activities.
Enterprise AI and Machine Learning (ML) platform, Dataiku, which helps businesses turn raw data into analytics, has launched Dataiku Online, with the same features as that of its on-premise and the cloud product, but cuts down on the complexity of setup processes involved in the other two.
Automattic, the company behind content management systems like WordPress and other publishing platforms, has announced that it has acquired the private journaling app Day One. The financial details of the transactions remain undisclosed. In its blog post, Automattic stated that with this acquisition, Day One would continue to create beautifully designed and innovative experiences having features such as end-to-end encrypted cloud synchronization, rich text formatting with markdown, daily prompts, and much more. Even post the acquisition, Paul Mayne will remain the CEO.
Israel’s fraud detection startup, nSure.AI which helps digital retailers discern fraudulent and legitimate transactions, has raised $6.8M in a seed funding round led by Disruptive AI and others. Reports state that usually, detecting fraud is more difficult in the sale of non-physical goods as opposed to physical goods, which receive ample buffer time to detect and trace one. nSure.AI shall invest more in its AI and ML technology, using the proceeds
Convosight, a community creator monetization platform, has said that it has raised $9 million in a Qualgro-led Series A funding round. Other participants include existing investors IvyCap Ventures and Sequoia Capital India’s Surge, as well as Unilever Ventures and Ajay Gupta.
San Francisco-based Anrok, a startup that provides modern sales tax solutions for SaaS businesses, has announced the launch of its platform and its $4.3 million seed round fundraise from a Sequoia Capital and Index Ventures-led round.
Instadapp, a blockchain startup, has announced that it has raised $10 million in a funding round led by Standard Crypto. Other participants include DeFi Alliance, Longhash Ventures, and Yearn Founder Andre Cronje. The fund will be used to finish the startup’s move into the middleware layers for DeFi (Decentralized Finance) and support the ecosystem project built on top of the Instadapp protocol.