The Weekly Startup Funding
Welcome to the Grizmo newsletter, your ultimate source for the latest tech trends, groundbreaking innovations, and industry insights. We bring you a curated collection of news, funding updates, and startup success stories, keeping you informed and inspired in the ever-evolving world of technology.
In each edition, we strive to deliver a fusion of insightful content and a touch of smartness, empowering you to navigate the digital landscape with confidence. Whether you’re a tech enthusiast, an investor seeking the next big opportunity, or an entrepreneur looking to stay ahead of the curve, Grizmo is your go-to destination for all things tech.
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From disruptive startups securing funding to industry veterans forging new paths, our newsletter sheds light on the remarkable individuals and companies shaping the future. Join us on this exhilarating journey as we uncover the hidden gems and unveil the transformative power of technology.
Get ready to expand your knowledge, ignite your curiosity, and explore the frontiers of innovation. Welcome to Grizmo, where intelligence meets technology. Let’s dive in!
1. Leumas Raises Rs 7 Cr in Pre-Seed Round
Leumas, a leading digital manufacturing solutions provider for brands, has successfully secured Rs 7 crore in a pre-seed funding round. The funding was led by Capital 2B, Anicut Capital, and Capital A, demonstrating strong investor confidence in Leumas’ innovative approach. The company plans to utilize the funds to strengthen its technology infrastructure, expand its team, and roll out its cutting-edge digital manufacturing solutions. With its digital factory technology, Leumas aims to revolutionize the manufacturing industry by offering on-demand manufacturing capabilities to brands in the nutrition, cosmetics, and pharma sectors.
2. Agraga Raises Rs 70 Cr in Series A Funding
Cross-border logistics platform Agraga has raised an impressive Rs 70 crore in its Series A funding round. The round was led by IvyCap Ventures, with participation from Alteria. Agraga plans to use the funds to fuel its expansion across India, increasing its presence from three cities to over 15 cities by March 2024. Additionally, the company aims to enhance its technology stack to provide comprehensive end-to-end logistics solutions. With a focus on data analysis and optimized supply chains, Agraga eliminates intermediaries and offers price discoverability, transparency, and route optimization to empower MSMEs and enterprises in their logistics operations.
3.WorkHack Raises $1.5M in Seed Funding
WorkHack, a Bangalore-based company specializing in Large Language Models, has raised $1.5 million in seed funding. The funding round was led by Together Fund and Nexus Venture Partners, with participation from The New Normal Fund. WorkHack’s AI tech layer enables businesses to deploy safe and responsible AI functions. The company has already processed over a million users for its customers and aims to continue developing controllable AI solutions. WorkHack’s success in various sectors, including recruitment and marketing tech, highlights the growing demand for AI-driven business outcomes.
4.ShipGlobal.in Secures Undisclosed Funding from Ashneer Grover
Shipping logistics startup ShipGlobal has recently secured undisclosed funding from Ashneer Grover. ShipGlobal specializes in cross-border shipping services and aims to streamline global logistics operations. The funding from Ashneer Grover will further bolster the company’s growth and expansion plans, allowing it to offer efficient and reliable shipping solutions to businesses worldwide.
5.1K Kirana Bazaar Raises $2–3 Million Following Layoffs
1K Kirana Bazaar, backed by Alpha Wave, has successfully raised $2–3 million in a bridge round from existing investors. This funding comes after the start-up experienced a period of downsizing and funding deal cancellations, necessitating additional support to sustain its business operations. The funding will help 1K Kirana Bazaar navigate the current phase and continue serving its customers by providing supply chain financing services to small and medium manufacturing businesses.
6. PYOR Partners with Prominent Investors to Build Auditable Crypto Infrastructure
PYOR, a company focused on building critical auditable infrastructure for the crypto industry, has partnered with Krishna, Sarmad, Sharan, and Yadunandan to develop institutional-grade data and analytics. Drawing from their extensive experience in the crypto industry, the PYOR team aims to provide standardized and secure solutions for the next wave of crypto investors. With a vision to ensure the mainstream adoption of digital assets, PYOR’s tailor-made desktop analytics interface will offer critical insights into digital assets, catering to the needs of both individuals and businesses.
7.CapitalSetu Raises Seed Funding for Fintech Solutions
Fintech startup CapitalSetu has raised $350,000 in its seed funding round led by Real Time Angel Fund. The company plans to utilize the funds to develop new technology products for businesses over the next year. CapitalSetu acts as an aggregator for small and medium manufacturing businesses, providing supply chain financing solutions. With its competitive pricing and comprehensive offerings, the company aims to save businesses time and money while helping them optimize their supply chains.
8. ASHNNI (Daptive) Motors Secures Pre-Seed Funding for EV Production
Pune-based electric vehicle (EV) startup Ashnni Motors has successfully secured a pre-seed funding round of $244,000 from WealthTrust Capital Services. The funds will be utilized to produce the initial batch of first-generation EVs and establish an in-house production line for Li-ion battery packs. Ashnni Motors, known for its intelligent, purpose-built EV fleets, aims to contribute to the growth of the EV industry in India and beyond.
9. IOTA Technology Collaborates with the University of Southampton for Nanosatellite Project
Iota Technology has joined the national SPRINT business support program to collaborate with the University of Southampton on a major nanosatellite design project. The SPRINT funding will support Iota Technology’s SIGMA product, the world’s first nanosatellite capable of providing essential geomagnetic data for navigation systems. With the expertise and facilities provided by the university, Iota Technology aims to launch a technology demonstrator in 2022 and a service mission in 2024. This collaboration highlights the significance of miniaturization in developing advanced satellite technologies.
10. Suniel Shetty Launches WAAYU App, a Zero-Commission Food Delivery App
Actor and investor Suniel Shetty have announced the launch of Waayu, a food delivery app that aims to offer restaurants a platform with zero commissions. Shetty, also a brand ambassador for the company, emphasizes the importance of sustainable growth in the startup ecosystem. Waayu’s unique business model aims to benefit both restaurants and customers by providing a cost-effective and efficient food delivery service.
Stay tuned for more exciting news and updates in the next edition of our newsletter!
I’d like to point out that the information presented in this newsletter is for informational purposes only and should not be considered investment advice or endorsement of any company or investment opportunity.
