Several Indian startups have raised funds across various categories from February 26 to March 1, including hyper-automation, fintech, revenue expansion, influencer marketing, etc. We will highlight seven such transactions, including how these startups plan to use the raised capital.

CredAble | Working Capital Financing Startup

CredAble, a Mumbai-based fintech startup, has made headlines by raising $10 million in a new round from Singapore-based Equentia Natural Resources. 

As per the startup, the freshly raised funds will be used to meet the working capital requirements, growth/expansion, and general corporate activities.

Founded by Nirav Choksi and Ram Kewalramani in 2017, CredAble is an AI-enabled working capital financing startup that leverages the technology built in-house, expertise in big data analytics, and trade finance to offer a slew of lending and finance solutions to businesses.

Powered by its working capital infrastructure, the Mumbai-based fintech startup boasts a range of scalable products and value-added financing solutions that are engineered for businesses of all sizes.

Zvolv | Low-code Hyperautomation Platform

Zvolv, an AI-based SaaS platform, bagged $1.9 million (Rs 16 crore) in funding led by Silverneedle Ventures, where existing investors JSW Ventures and other undisclosed investors also participated.

As per the startup, the freshly raised funds will be used to expand and improve its low-code/no-code (LCNC) hyper-automation capabilities. The startup aims to do this by integrating a trust-based generative AI layer into enterprise AI applications. 

Founded by Hardik Gandhi and Sujoy Chakravarty in 2018, Zvolv is a low-code unified platform to drive hyperautomation for enterprises. The AI-based SaaS platform enables enterprises to deploy cutting-edge AI and automation features in their products and services, using generative AI securely. 

The startup also plans to expand its offerings in the US market. 

Nurturev | Revenue Expansion and Customer Intent Platform

Nurturev, a Pune-based revenue expansion and customer intent platform, secured $1 million (Rs 8.3 crore) in a pre-seed funding round led by early-stage investor Antler. ISV Capital, Blume Founders Fund, Sparrow Capital, and angel investors like Kunal Shah (Cred) and Deepak Diwakar (Mindtickle), among others, also participated in the funding round.

Founded by Sayanta Ghosh, Nikhil Ojha, and Rajat Jain, Nurturev is a Pune-based revenue expansion and customer intent platform that captures information about budgets, challenges, and priorities of organizations from multiple third-party sources. 

Powered with BANT (Budget, Authority, Need, Timing) qualified AI-driven insights, Nurturev claims to enable businesses to exceed goals with targeted pipeline for net new sales & expansion revenue.

Digantara | Space Situational Awareness Firm

Digantara, a spacetech startup, bagged $12 million (Rs 100 crore) in an extended Series A funding round from Aditya Birla Ventures and SIDBI (Small Industries Development Bank of India). The funding round marks the entry of Aditya Birla Ventures and SIDBI into the spacetech domain.

As per the startup, it plans to expand its global footprint and expand its offerings to the US, UK, and EU. In 2025, the startup will also see the launch of two space-based SSA sensors and the operationalization of two observatories in India. 

Founded by Anirudh Sharma, Rahul Rawat, and Tanveer Ahmed in 2018, Digantara is a Bengaluru-based space situational awareness firm developing an end-to-end infrastructure to address the difficulties of space operations and space traffic management.

The Bengaluru-based startup specializes in space weather and debris tracking. 

StepChange | Enterprise Sustainability Management Platform

StepChange, a Bengaluru-based climate-focused software-as-a-service (SaaS) startup, secured an undisclosed amount in a funding round from venture capital firm Flourish Ventures.  

As per the startup, the freshly raised funds will be used to improve its capabilities around using existing data streams, unlocking the potential for immediate action in data-poor conditions.

Founded by Ankit Jain and Sidhant Pai in 2022, StepChange is an enterprise sustainability management platform that offers solutions to large corporate enterprises and financial institutions to improve their environmental, social, and governance (ESG) metrics. It also enables firms to manage climate risk and reduce emissions across their supply chains, in-house operations, and financial portfolios.   

Flytant | A Platform to Onboard Influencers

Flytant, a platform connecting brands and influencers, secured an undisclosed amount in a seed-funding round from Ahmedabad-based investment platform Shuru-Up. 

The raised capital will enable the startup to expand its presence overseas and develop its technology stack. 

Founded by Vivek Rai in 2020, Flytant provides brands with a completely transparent way to post campaigns and connect with influencers directly.

The startup uses AI-enabled algorithms to recommend the most suitable sponsorships for influencers. Flytant compiles influencer profiles using data from various social media channels, providing brands with hassle-free methods to onboard influencers tailored to their campaigns and promote products to reach a global Audience.

With this funding, the startup aims to expand in the US and the Middle East.

Beautywise | Advanced Beauty Supplements Startup

Beautywise, an advanced beauty supplements startup, bagged $800,000 (Rs 6.5 crore) in a seed funding round from several investors, including Real Time Angel Fund, AC Ventures, Fluid Ventures, and GSF.  Angel investors, including Akshay Ghulati (Shiprocket), Dinesh Agarwal (Indiamart), Murugavel Janakiraman (Bharat Matrimony), Chakradhar Gade (Country Delight), and Agam Khare (Absolute) also participated in the funding round.

As per the startup, the freshly raised funds will be used to expand its product suite. The freshly raised capital will also enable the startup to expand its presence across geographies and expand its team as well. 

Founded by Anousha Chauhan and Shreyansh Chauhan in 2021, Beautywise is an advanced beauty supplements startup that offers skincare products like collagen, glutathione, keratin, and ceramides. 

Offering dermatology-led supplementation, the startup counts Kaya Skin Clinic, Dermatech, and Dermapurity as its partners. With a solid presence in top aesthetic clinic chains and leading retail outlets such as Apollo Pharmacies, Guardian GNC, and ApnaChemists, the startup also has a strong online footprint on Nykaa, Amazon, and its own website.

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