Category: Funding

Travel-tech startup Rimigo has raised $550,000 in its pre-seed funding round, co-led by Japan’s Reazon Capital and SGgrow Capital.

Several Indian angel investors, including S Ramadorai, Ravi Nigam, Shashank Deshpande, and Ujjwal Jain, also participated in the round.

The Bengaluru-based company said the funds will be used to strengthen product development, build a strong team of travel and tech professionals, and hire fresh talent to support its growth plans.

Founded in 2024 by Sahil Sharma, Shubham Chintalwar, and Aditya Shirole, Rimigo is on a mission to simplify international travel.

The platform offers an AI-powered end-to-end vacation planning experience—users input their travel preferences and destination, and Rimigo takes care of the rest, from itinerary generation and flight recommendations to accommodation, dining, and activity suggestions.

Also Read: Agri-biotech Startup GreenGrahi Raises Rs 32 Crore in Funding Round

The startup aims to resolve common travel pain points such as information overload, lack of personalization, and limited access to local insights. By combining collaborative tools with curated booking options and AI guidance, Rimigo promises a smoother, smarter, and more enjoyable travel experience.

So far, Rimigo has planned over 120 trips during its beta phase, with about 50 already completed and the rest underway. The company says user feedback has been positive, with many returning to plan future vacations or recommending the platform to others.

Agri-biotech startup GreenGrahi has raised Rs 32 crore ($3.73 million) in a fresh funding round led by Avaana Capital, with support from Huddle, Campus Fund, Blume Founders Fund, and angel investors including Nitin Sharma of Nexus Venture and Sameer Brij Verma of Northpoint Capital.

With this latest infusion of funds, GreenGrahi aims to further develop its insect biomanufacturing platform, strengthen its scientific team, and fuel international expansion, particularly in the US, UK, and EU markets, which are projected to contribute up to 35% of its future business.

Founded in 2021 by Siddharth Sharma and Shivali Sugand, the Bengaluru-based startup is transforming agricultural waste into high-quality insect-based ingredients and supplements for animal and plant nutrition.

The company also produces biofertilisers, biostimulants, and biopesticides to enhance soil health and crop performance.

GreenGrahi operates on a circular economy model, sourcing by-products from FMCG and agri-input partners.

Also Read | Money Expo Abu Dhabi 2025 Set to Convene Global Financial Leaders on April 23–24

This marks the company’s second investment round after an undisclosed pre-seed fund raised from Campus Fund in July 2023.

Currently serving over 10 B2B clients, GreenGrahi is positioning itself as a global player in sustainable agri-biotech solutions.

Poshs Metal Industries, a company known for processing auto-grade flat steel, has raised Rs 43 crore (approximately $5 million) in a funding round led by Aavishkaar Capital.

The funds will help the company set up a new processing facility in Aurangabad, increasing its ability to serve OEM clients more effectively.

Founded by Ashok Kapoor, Poshs Metal serves tier I automotive manufacturers and has a long-standing 25-year partnership with Tata Steel, handling steel processing and distribution in Western India.

Also Read: DevAssure Raises Pre-Seed Funding Led by Eximius Ventures

Its key clients include major automotive companies like Tata Motors, Bajaj Auto, Mahindra, Volkswagen, and Volvo.

“This funding marks a crucial step in our growth journey as we expand our footprint in Aurangabad,” said Asheer Kapoor, Promoter and Director, Poshs Metal. “The enhanced production capacity will allow us to serve our customers more efficiently while reinforcing our commitment to innovation and quality. The support from our investors reflects their confidence in our vision.”

In addition to steel processing, Poshs Metal provides services such as steel blank customization, in-house packaging, and scrap processing.

The company has also introduced a sustainable steel pallet system to replace traditional wooden pallets, making its operations more eco-friendly.

DevAssure, has raised an undisclosed amount of funding in a pre-seed round led by Eximius Ventures.

The investment will enable DevAssure to strengthen its market presence and further enhance its AI-powered test automation platform.

With this funding, the company aims to expand its features, integrate with more development tools, and scale its teams in both India and the US.

Founded in 2024 by Badri Varadarajan, Divya Manohar, and Santhosh Selladurai, DevAssure is changing the way software teams handle testing. The platform uses a network of AI agents to automatically turn Figma designs and live code into executable tests, making it easier for developers to find and fix bugs earlier in the process.

This integration with developers’ daily tools, like IDEs and CI/CD pipelines, saves time and reduces the need for manual work.

Also Read: MyDesignation Raises $1.25 Million in Seed Funding Round

The platform helps developers create, maintain, and run tests with minimal effort, making it possible to catch issues right at the design stage. This AI-driven approach ensures faster and more accurate testing, which means higher-quality code with less manual effort.

“In the age of AI, software quality shouldn’t be a bottleneck—it should be a byproduct of great engineering,” said Divya Manohar, Co-Founder and CEO, DevAssure, said in a statement.

“We built DevAssure to reimagine testing not as a separate phase, but as an intelligent, invisible layer that evolves with your code, your designs, and your team.”

Early use of DevAssure by mid-sized fintech and SaaS companies has already shown impressive results, reducing test creation time from days to hours and cutting down maintenance efforts by over 80%.

D2C fashion brand MyDesignation has raised $1.25 million (around ₹10.7 crore) in seed funding.

The round was led by Multiply Ventures, with support from Veltis Capital, Sattva Ventures, Dominor Investment Holdings, and Green Trunk Ventures.

The brand plans to use the funds to hire new talent, improve its technology, grow its offline presence, and explore new markets.

Started in 2020 by husband-wife duo Swaroop Krishnan and Gopika Menon, MyDesignation offers trendy fashion and lifestyle products. What sets them apart is their independent approach — they don’t sell through third-party platforms or marketplaces. This gives them complete control over the customer experience.

Also Read: Flipkart to Relocate Headquarters from Singapore to India

The Thiruvananthapuram-based company has already built a loyal community of over 5 lakh customers, with 35% of them coming back every month.

Their goal now is to double that number by the end of the year. With big plans for expansion and a strong vision, MyDesignation is carving out its own space in the crowded D2C fashion market, where it competes with names like NNNOW, Nicobar, and Yepme.

Brain health startup Ivory has raised $1 million in a new funding round co-led by IIM-A Ventures and Capital A.

The round also saw participation from 1Crowd, Stanford Angels, and angel investors including Dr. Sanjay Arora, Adarsh Narahari, and Juhi Bhatnagar.

This funding follows a $500K investment in February 2024 led by Capital A, highlighting growing investor confidence in Ivory’s mission to transform brain health in India.

Founded in 2022 by Issac John and Rahul Krishnan, Ivory focuses on the early detection of cognitive decline through neuroscience-backed digital assessments.

The company aims to address the widespread underdiagnosis of cognitive issues and develop preventive solutions against neurodegenerative diseases.

With the fresh capital, Ivory plans to enhance its AI-driven cognitive assessment technology, grow its presence across India, and invest in research to build brain health benchmarks tailored for the Indian population.

Also Read: Reliance to Set Up Rs 1,000 Cr Campa Cola Plant in Bihar

Ivory’s app delivers clinical-grade, FDA-registered brain screenings and partners with clinicians, psychologists, insurers, and companies such as Ather Energy, WeWork, and PUMA.

The company recently released a Brain Health Report and gained national attention through its appearance on Shark Tank India Season 4, where it secured an investment of ₹50 lakh from Namita Thapar for 5% equity.

MatBook has raised $750,000 in a pre-seed funding round, with backing from Seedstars International Ventures, Fluent Ventures, and Everywhere Ventures. Several angel investors connected with Autodesk and Amazon also took part in the round.

With this fresh funding, the company plans to upgrade its technology, expand its footprint in the U.S., and grow its team across sales, tech, and operations.

A big focus will also be on improving its AI tools, especially in areas like price prediction, lead-time estimates, and supplier matching.

Founded by Harsh Badera, Nasir Hussain, Raghav Malhotra, and Shubham Sharma, MatBook is working to solve key challenges in the U.S. construction supply chain. 

Its AI-powered platform helps contractors and distributors source building materials directly from trusted manufacturers and cutting out middlemen, saving costs, and reducing delays.

Also Read: Rayzon Solar to Raise ₹150 Cr in Maiden Round

The platform also includes quality control features and built-in logistics, making the whole procurement process smoother and more efficient.

Looking ahead, MatBook plans to offer credit solutions and expand its network of manufacturers. It also provides Environmental Product Declarations for buyers focused on green building standards. 

MatBook operates in a competitive space, alongside players like BRKZ, OfBusiness, Moglix, and Infra.Market.

Healthtech startup Risa Labs has secured $3.5 million in seed funding, with Flipkart co-founder Binny Bansal leading the round.

Other investors include Oncology Ventures, General Catalyst, z21 Ventures, Odd Bird VC, and angel investor Ashish Gupta.

With the fresh funds, Risa plans to expand its technology to 100 cancer centers across the U.S. over the next two years.

The company also aims to build a unified AI-driven layer that connects providers, life sciences companies, and other stakeholders throughout the drug development and treatment lifecycle.

Founded in 2024 by IIT Kanpur alumni Kshitij Jaggi and Kumar Shivang, Risa Labs is on a mission to streamline cancer care through its AI-powered workflow automation platform, BOSS (Business Operating System as a Service).

The platform uses a network of AI agents—including large language models and digital twins—to break down complex administrative processes into smaller, manageable tasks.

Risa Labs is tackling a major challenge in cancer treatment: delays caused by manual and error-prone workflows.

Also Read: Planck Raises Pre-Seed Funding at $500K Valuation

In the U.S., 70% of cancer patients face treatment delays due to prior authorisation issues, with some waiting up to a month—delays that can significantly impact survival rates. BOSS aims to eliminate these bottlenecks.

Already deployed at a U.S. cancer center, BOSS has reduced prior authorisation time from 30 minutes to under five, processed over $1 million in medications, and cut administrative costs by two-thirds.

“Software that was supposed to get work done has become work itself,” said CEO Kshitij Jaggi. “BOSS is designed for a post-ChatGPT world—where expressing intent is all it takes to get the job done.”

Investor Binny Bansal added, “As AI agents unbundle the $4.6 trillion services industry, Risa’s BOSS leads the way—proven in oncology and built to scale.”

Deep-tech startup Planck, focused on next-gen analytics and intelligent infrastructure, has secured an undisclosed investment in a pre-Seed round led by Saarthee Actionable Insights, a US-based analytics firm. The round values the company at $500,000.

The capital will be used to accelerate its go-to-market efforts and strengthen its presence in the data infrastructure space, the company said in a statement.

Founded by Shishir Miglani, Planck aims to become a key enabler of India’s digital backbone. The startup is developing modular, scalable, and sustainable edge data centers (EDCs) with a strong Make-in-India approach to serve global needs.

Also Read : Good Monk Raises $2M in Pre-Series A Funding Round

Its solutions combine eco-friendly practices with advanced technologies to support OTT and live streaming, e-sports, data storage, and private cloud setups—making them ideal for data-sensitive and compute-heavy industries such as finance, media, healthcare, automation, telecom, and ISPs.

“This investment is a strong validation of our vision to bring transformative innovation into the analytics space,” said Shishir Miglani, Co-Founder & CEO of Planck. “We are building tools that not only analyze data but understand it deeply, empowering businesses to make smarter decisions faster. We’re thrilled to have a strategic partner onboard that shares our passion for unlocking the full potential of data.”

Planck’s flagship product line, Quanta—powered by AI and advanced data tools—aims to set new benchmarks in edge computing with secure, scalable, and high-performance modular data centers.

Drive FITT, a premium, membership-based sports club that fuses cricket, fitness, and recovery through its technology, has raised an undisclosed investment from Australian cricket star Glenn Maxwell—marking his first-ever investment in an Indian venture. 

Founded in July 2024 by Bollywood actress Preity G Zinta, Indian cricketer Shubman Gill, and co-founders Mark Sellar, Deke Smith, and Vikram Aditya Bhatia, Drive FITT aims to transform India’s rapidly expanding fitness and sports ecosystem. 

The club delivers a holistic performance and wellness experience, combining elite-level cricket training, smart fitness solutions, advanced data-driven performance tracking, and integrated recovery programs. 

Co-founder Preity Zinta called Maxwell’s entry a significant milestone for Drive FITT, noting their shared history with Punjab Kings. She highlighted his athlete-first mindset and passion for performance as a perfect fit for the club’s vision. 

As both an investor and strategic partner, Maxwell brings more than financial support. He will actively contribute to Drive FITT’s training methodologies, player development strategies, and overall brand positioning. His international experience will play a key role in helping shape an environment where athletes—from beginners to professionals—can thrive. 

Also Read: AskMyGuru Raises $1.2M Seed Funding Led by Lumikai

“Joining the Drive FITT team is exciting for me. Cricket, fitness, and recovery have been essential to my journey, and this concept brings them together uniquely and innovatively. I’m looking forward to contributing my experience and helping shape a space that supports athletes at every level,” said Glenn Maxwell 

Shubman Gill, Co-founder, added, “Glenn brings immense value to our shared vision. His understanding of fitness, recovery, and performance is unmatched. I believe his presence will inspire young athletes across India to take their game to the next level.” 

Drive FITT offers a range of flexible membership options tailored for individuals and families alike. Daily passes are priced around INR 1,000, monthly memberships start at INR 7,000, and annual plans can go up to INR 35,000. Family packages are also available for two adults and up to two children.

Each membership grants access to top-tier cricket facilities, tech-enabled fitness training zones, and specialized recovery areas—all powered by real-time data analytics for personalized performance optimization.