Several Indian startups have raised funds across various categories from April 22 to April 26, including B2B credit management, robotics, FMCG, etc. We will highlight six such transactions, including how these startups plan to use the raised capital.

CheQ | B2B Credit Management Platform

CheQ, a Bengaluru-based B2B credit management platform, has made headlines by raising Rs 35 crore or $4.2 million in its extended seed round from new and existing investors. 

3one4 Capital, Venture Highway Fund, and Multiply Ventures, as well as individual investors, including Lloyd Dizon Balajadia, Vishal Gupta, Madhav Prakash Sehth, and Deepk Tuli also, participated in the funding round.

As per the startup, the freshly raised funds be used for growth, expansion, marketing, and general corporate purposes as decided by the board.

Founded by Aditya Soni in 2022, CheQ is a Bengaluru-based fintech startup that helps customers simplify the discovery and management of all credit products and allows users to pay their credit card bill and EMI on a single platform.

The funding for the Bengaluru-based firm came after a gap of 18 months. In July 2002, where it raised $10 million (around Rs 77 crore).

Control One | Warehouse Automation

Control One, an Artificial intelligence (AI)-based robotics startup, has secured $350,000 (Rs 3 crore) in a pre-seed funding round from a host of angel investors. These angels include Kunal Shah (CRED), Amit Singh (Ex-Avendus Capital), and Chaitanya R (Wakefit), among others. 

As per the startup, the freshly raised funds will be used to develop a fully functional prototype and conduct successful pilot validations.  

Founded by Pranav S, Control One is an artificial intelligence (AI)-based robotics startup building slow-moving equipments utilized throughout the supply chain. 

The startup aims to change slow-moving equipment worldwide using its AI and improve vehicles to reach or even surpass human levels of intelligence. Additionally, Control One aims to improve the safety and efficiency of challenging and hazardous tasks in unhealthy environments.

MatchLog Solutions | Sustainable Container Logistics and Supply Chain Optimization

MatchLog Solutions, a sustainable container logistics and supply chain optimization startup, bagged $1.5 million in its pre-series A round led by Motion Ventures and July Ventures. The funding round saw participation from Venture Catalysts, Blue Ashva Capital, and Capital A.  

As per the startup, the freshly raised funds will be used to enhance sustainability and carbon efficiency in container logistics. The raised capital will also enable the startup to expand its market presence, enhance strategic partnerships, and deepen collaborations within the global shipping and port ecosystems.

Founded by Dhruv Taneja, along with co-founders Harsh Vardhan Gupta, Manish Singh, and Abhishek Baheti, MatchLog Solutions is a sustainable container logistics and supply chain optimization startup that pairs import containers with export requirements.

Using its innovative platform, which includes a Transport Management System (TMS) developed in-house along with the power of network points; MatchLog integrated Street Turn Yard (MiSTY) & STinder – Street Turn Finder, the startup Optimise and Decarbonize the Supply Chain.

This enables the startup to effectively eliminate unnecessary dry runs and reduce the number of trips containers make back to depots when empty.

Adukale | Age-old Sankethi Cuisine

Adukale, an FMCG brand that provides products based on Karnataka’s cuisine, raised $1.3 million (Rs 11 crore) in a pre-Series A funding round led by Force Ventures. Aanya Ventures, Subrata Mitra, and Radhika Pandit among others, also participated in the funding round. 

As per the startup, the freshly raised funds will be used to increase the number of its outlets, expand the distribution network, and improve its manufacturing and R&D capabilities.  

Founded in 2009, Adukale, through its 20 experience Stores in Bangalore and Mysore, offers more than 75 products that are also available on e-commerce and quick commerce platforms.  

Vinay Gopinath, Chief Growth Officer at Adukale, stated that the raised capital will enable the startup to expand its brand’s channel presence and facilitate visibility and engagement with its target audience.

Nabhdrishti Aerospace | Fuel Flex Combustor

Nabhdrishti Aerospace, a startup that designs and develops gas turbine engines for aviation and power generation use cases, secured Rs 3 crore ($360,000) in a pre-seed funding round from IIMA Ventures (formerly IIMA- CIIE).   

As per the startup, the freshly raised funds will aid the development of a fuel flex combustor prototype via testing on the fuel injector and combustor, enabling the company to showcase the proprietary fuel flex technology.

Founded by Rohit Chouhan and Arjun Srivatsa in 2023, Nabhdrishti Aerospace designs and develops products that cater to decentralized power generation, unmanned aerial vehicles (UAVs), hybrid electric urban air mobility, small planes and helicopter applications.   

As per Chouhan, the freshly raised capital will allow it to accelerate its first product development. Their next steps involve recruiting talent, investing in advanced tools and testing infrastructure, and demonstrating its combustion technology.

Runo | SIM-based Call Management CRM

Runo, a mobile SIM-based outbound call management CRM, bagged $1.5 million (Rs 12.5 crore) in a pre-Series A funding round from Unicorn India Ventures and Callapina Capital. 

As per the startup, the freshly raised funds to build its senior management team. Additionally, the raised funds will be used to expand its presence across the US, Canada, Middle East, and North Africa region.  

Founded by Rajsekhar Pattnaik and Venkata Sai Vamsi Penupothu in 2019, Runo is a mobile SIM-based Call Management CRM for small, medium, and large enterprises. Its Call Management CRM integrates with popular CRMs and lead sources to centralize lead management, optimizing outbound sales operations.  

As per Pattnaik, their client roster comprises around 800 businesses, ranging from small businesses to large enterprises like Reliance Nippon. 

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