Several Indian startups have raised funds across various categories from March 11 to March 15, including brand analytics, fintech, cold storage, skincare, etc. We will highlight six such transactions, including how these startups plan to use the raised capital.

GobbleCube | AI-based Revenue platform for Brands

GobbleCube, a Gurugram-based brand analytics platform co-founded by former executives of quick-commerce firm Blinkit, has made headlines by securing $1.9 million in a seed funding round led by Kae Capital. US-based consumer fund CRV and other angel investors also participated in the funding round.

As per the startup, the freshly raised funds will be used to strengthen its product engineering capabilities. The raised capital will enable the startup to focus on its go-to-market strategy, initially targeting India, Southeast Asia, and the US.

Co-founded by Manas Gupta, Srikumar Nair, and Nitesh Jindal, GobbleCube is a purpose-built AI-based revenue platform for brands. The startup enables brands to solve core revenue problems like channel-level sales, pricing and promotions, inventory management, and cost of sales. 

The startup bridges the gap from data to action, automating data and decision-making processes across the e-commerce value chain.

TapFin | Financing Solutions to the Underserved Sectors

TapFin, a startup providing financing solutions to underserved sectors, secured $4 million (Rs 33.1 million) in a seed funding round from VC firm Elevar Equity.

As per the startup, the freshly raised funds will be used to expand its market reach, hire talent, improve the product portfolio, and strengthen its technology and data capabilities.

Founded by Terniza Berry, Aditya Singh, and Pramod Marar in 2023, TapFin is a startup providing financing solutions to underserved sectors.

It facilitates financing, insurance, demand aggregation, market linkages, and OEM (original equipment manufacturer) selection for participants in the clean mobility ecosystem. This includes cab aggregators, original equipment manufacturers (OEMs), dealerships, small and medium-sized cargo fleet operators, charging infrastructure providers, and battery manufacturers/assemblers.

CureSkin | Scientifically-backed Dermatological Solutions 

CureSkin, a consumer healthcare startup, bagged $20 million as a part of its Series B round, led by HealthQuad, a health-focussed venture capital investor. Existing investors, including JSW Ventures, Khosla Ventures, and Sharrp Ventures, also participated in the funding round.

As per the startup, the freshly raised capital will be used to further scale its operations. The funding will enable the startup to innovate AI development to build a stronger technology moat and expand distribution capabilities. 

Founded by Guna Kakulapati, Ramakrishna Rajanna, and Charu Sharma in 2017, CureSkin, operated by Heallo India LLP, is an artificial intelligence-driven platform that offers scientifically backed dermatological solutions. The consumer healthcare startup uses AI to analyze users’ skin conditions, be it dark spots, pimples, scars, acne, pigmentation, etc., and recommends a personalized treatment kit and care plan.

Indicold | Cold Storage Warehousing and Logistics

Indicold, a startup providing cold storage warehousing and logistics, secured an undisclosed amount in a pre-Series A funding round from Fundalogical Ventures, an early-growth stage-focused investment firm.

As per the startup, the freshly raised funds will be used to focus on technology development. Additionally, part of the raised funds will be used to expand into new geographies and hire new employees. 

Founded by Kartik Jalan and Niharika Jalan in 2019, Indicold is a B2B cold storage and warehousing solution provider that works across the entire cold supply chain. The firm provides services through three verticals: Store, Move, and Prepare. It counts Britannia, Zomato, Jubilant Foodworks, Amul, Unilever, Theobroma, and Baskin Robbins, amongst others, as its clients.

Nanonets | Automate Data Entry Using AI

Nanonets, an AI-based workflow automation platform, raised $29 million (Rs 240 crore) in a Series B funding round led by multi-stage venture capital firm Accel. Nanonets’ existing investors, including Elevation Capital and Y Combinator, also participated in the funding round.

As per the startup, the freshly raised funds will be used for research and development, along with strengthening its team. 

Founded by Sarthak Jain and Prathamesh Juvatkar in 2017, Nanonets is a workflow automation solutions provider that is transforming businesses with AI-powered document processing solutions. Offering services across finance, accounting, operations, and other business use cases, Nanonets claims to guarantee 90% straight-through processing (STP), i.e., the percentage of data processed without any manual intervention. 

Including this funding round, the AI-based workflow automation platform has thus raised $40 Mn in total funding so far. 

Attron Automotive | Electric Vehicle Powertrain Solutions

Attron Automotive, an electric vehicle powertrain solutions provider, secured Rs 4.75 crore in a seed funding round. The funding round was led by Anicut Capital and co-led by Venture Catalysts. It also saw participation from Pontaq VC and angel investor Yashovardhan Shah.

The freshly raised funds will enable the startup to fuel its mission of revolutionizing electric mobility with its technology and innovation.

Co-founded by Mosam Ugemuge and Chander Udhay Singh, Attron Automotive is a precision-engineered motor and controller solutions provider. The firm designs, develops, and manufactures EV components that help to reshape the current electric mobility infrastructure. 

Revolutionizing the electric vehicle (EV) industry with its cutting-edge motors and controllers, the startup’s product portfolio includes precision-engineered motors and advanced controllers that optimize performance across electric mobility, industrial automation, and aerospace applications.

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