Several Indian startups have raised funds across various categories from Jan 13 to Jan 17, a Astro-tech startup, Foodtech startup, Biotech startup and more. We will highlight four such transactions, including how these startups plan to use the raised capital.

AstroSure.ai | Astro-tech startup

AstroSure.ai has secured $6 million in a seed funding round led by Pradeep Dadha and a clutch of other investors.

As per the startup, the funding will be used to enhance the app with new features, improve its existing ones, increase its reach to more potential users, and hire more talented individuals to help build and expand the business.

Launched this month by Vanya Mishra and Hatim Kantawalla, AstroSure.ai combines the knowledge of Vedic astrologers and the skills of technology experts to create a product designed for mental well-being. The platform ensures that every prediction aligns with Vedic principles, while its AI algorithms make it easy for users to explore astrological advice at their fingertips. It is available on iOS and Android, with an aspiration to make astrology accessible and impactful for the digital age.

Fambo | Foodtech startup

Fambo has raised Rs 21 crore ($2.5 million) in a pre-Series A funding round led by EV2 Ventures, with participation from Rajesh Sawhney and several Ultra High Net Worth Individuals (UHNIs).

As per the startup, the funding will be utilized to scale its operations across India, establish an export vertical, invest in technology, and grow its network of partner farms.

Co-founded in 2022 by Akshay Tripathi and Sudarshan Satle, Fambo is a foodtech startup aiming to transform food systems through technology. With its AI-enabled platform, the company ensures traceability of fresh produce from farms to restaurants, adhering to food safety standards such as GAP, FSSAI, ISO, and NSF. The company’s product portfolio includes fresh produce, sauces, gravies, frozen items, and fried products, catering to diverse customer needs.

Zerocircle | Biotech startup

Zerocircle has raised Rs 20 crore ($2.3 million) in a new round led by Zerodha co-founder Nithin Kamath’s Rainmatter.

As per the startup, the funding will be used for scaling manufacturing, optimising the supply chain, and expanding the team.

Founded in 2020 by Neha Jain, Zerocirle creates seaweed-based packaging designed to replace harmful petrochemical-based materials. Its product range includes coated packaging for hamburger boxes, fried food containers, bakery packaging, and food trays.

ErlySign | Healthtech startup

ErlySign has raised Rs 16 crore ($1.8 million) in its pre-Series A round from Ashish Kacholia. 

As per the startup, the funding will be used in clinical trials, securing CDSCO (Central Drugs Standard Control Organisation) approvals, and bringing ErlySign’s oral cancer detection kit to market. 

Founded in 2019 by Shubhendra Singh Thakur and Deovrat Begde, ErlySign develops solutions for early detection of oral cancer.

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