SV JOURNAL Issue No. 203

This journal provides our readers with comprehensive coverage of the latest updates and advancements within SV and Indian Startup ecosystems.

HOT DEALS ON SVDEAL.COM

• Dave AI - Dave AI is an AI-driven sales experience platform that enhances personalized customer interactions, trusted globally for its advanced technology. It offers an Enterprise Software Platform as a Service, enabling brands to boost sales through interactive virtual avatars that engage in natural conversations and understand customer preferences.
• Revamp - Revamp Moto is an innovative electric vehicle (EV) company specializing in customizable and modular two-wheelers designed for various commercial and personal uses. Founded in 2021, it gained visibility through its appearance on Shark Tank India, where it secured funding and by making India’s first 100% modular EV. Revamp Moto offers vehicles like the RM Buddie and RM Yaara, catering to delivery and fleet needs with attachments for specific food delivery and retail tasks.
• SustVest - SustVest is at the forefront of advancing solar energy access by addressing key industry challenges. For MSMEs, it enables solar adoption without the burden of substantial capital outlays or complex loan processes. For retail investors, SustVest provides fractionalized investment opportunities in solar projects through SEBI-regulated securitized debt instruments. Notably, their Subros project, valued at ₹3 crore, sold out in just 3 minutes. SustVest partners with prominent industry leaders such as TATA Power and Panasonic and serves an esteemed clientele, including CRPF and Hitachi.
• Neural Defend - Neural Defend.io is at the forefront of combating financial fraud through advanced deepfake detection technology. As deepfake and AI-driven crimes are predicted to cause global losses of $10.5 trillion by 2025, the company is addressing a critical need for real-time defense mechanisms. Neural Defend.io leverages state-of-the-art multimodal algorithms to detect deepfakes in videos and audios, providing instant protection against malicious digital manipulation.

Latest Deals

• Inside FPV - InsideFPV is a pioneering drone technology company creating agile, robust drones tailored for consumer, defense, and agriculture applications. Leveraging proprietary tech, they offer user-friendly, affordable drones that enable seamless access to aerial technology, including features like real-time data monitoring and integrated, secure software solutions. InsideFPV’s achievements include recognition by the Indian Army and awards in global tech forums like X-Pitch Singapore. Their vision is to democratize the skies, making drones accessible and trustworthy, while striving to become the world’s leading drone manufacturer.
• Iom Bioworks - Iom Bioworks is a microbiome-based life sciences company focused on improving health and well-being through advanced technology. By leveraging big data analytics, AI, and mathematical modeling, the company develops innovative, scientifically-backed solutions to enhance gut health, which has a significant impact on overall health and performance.

Past Event

• 54th Startup Pitch Call cum Deep Dive Call

November 16 | 5:00 PM to 6:30 PM

1. Startup - Inside FPV - Recording
2. Startup - Iom Bioworks - Recording

INDIAN STARTUP WEEKLY DEAL

Stay informed by perusing our coverage of ongoing deals within the Indian Startup Ecosystem.

Startup Name | Deal Size | Round

• Finova Capital | USD 139 Mn | Series D

Micro-credit for low income individuals and businesses

• Investors - Avataar Venture Partners, Sofina, Madison India Capital, Norwest Venture Partners
• Vridhi Finserv Home Finance Limited | USD 36.9 Mn | Series B

Provider of consumer home loans

• Investors - Norwest Venture Partners, Elevation Capital, Sunku Ram Naresh, Sandeep Arora, Sunil Mehta
• udaan.com | USD 36.9 Mn | Debt

Online B2B marketplace offering multi-category products. It enables retailers and businesses to discover and buy products such as groceries, baby care products, hardware tools, sports equipment, electronics, clothing, fashion accessories, home furnishing products, medicines, and more.

• Investors - Lighthouse Canton, Stride Ventures, InnoVen Capital, Trifecta Capital.
• Easy Home Finance Limited | USD 39 Mn | Series B

Online platform for home loans. Users can search through re-approved properties to avail instant home loans. Its features include instant credit checks without paper submissions, and an online loan management system, and more.

• Investors - Claypond Capital, Sumitomo Mitsui Banking Corporation, Xponentia Capital, Finsight Ventures, Harbourfront Capital, Pegasus India
• Zinc | USD 29.9 Mn | Seed

Zinc invests in founders creating innovative solutions and building ambitious businesses that tackle the most pressing and complex challenges facing the health of people and the planet.

• Investors - Nexus Venture Partner, Quona Capital, EDBI, Global Ventures, Saison Capital
• Country Delight | USD 23.8 Mn | Debt

Internet first brand offering dairy products on a subscription basis. The product catalog include curd, milk, paneer, bread, eggs, coconut water, and more. The company claims that the products are natural, chemical-free, and more.

• Investors - Alteria Capital
• MODIFI | USD 19 Mn | Undisclosed

Online platform for international trade financing. It provides loans on the basis of credit scores and the value of trade finance. Repayment of loans can be done via credit/debit cards and bank transfers. It pays the seller on behalf of the buyer.

• Investors - Sumitomo Mitsui Banking Corporation, Maersk, Intesa SanPaolo, Heliad
• Boldfit | USD 13 Mn | Undisclosed

E-commerce platform offering sports and fitness products. It offers a wide range of products across various categories including apparel, fitness equipment, nutrition supplements, and accessories. It caters to basketball, cycling, football, volleyball, badminton, and cricket players

• Investors - Bessemer Venture Partners
• GalaxEye | USD 10 Mn | Series A

Platform offering multi-sensor imaging satellite for earth observation. The platform provides imaging capabilities to operate multiple weather conditions, overcoming limitations. Its applications include disaster management, risk assessment, claims verification, agriculture monitoring, environmental monitoring, security and surveillance, and more.

• Investors - MountTech Growth Fund – Kavachh, Mela Ventures, Speciale Invest, iDeaForge, Smarthya Investment Advisors, Infosys
• CynLr | USD 10 Mn | Series A

Provider of AI-based robotic vision solutions for industrial robotics. It offers visual object intelligence platform to enable industrial robotic arms to see, understand and manipulate object in random unstructured environments.

• Investors - Pavestone, Athera Venture Partners, Speciale Invest, RedStart Labs
• Zoomcar | USD 9.1 Mn | Debt

App-based car rental platform. Users can book available cars on the platform by uploading their driving license, security deposit, and more. Users can access and get the keys by using the mobile app. Users can make short or long trips.

• Investors - Undisclosed
• Marut Drones | USD 6.2 Mn | Series A

Provider of drone-based precision agriculture management solutions. Its product offerings include both hexacopter and quadcopter drones. The drone allows agriculturists to get insights on the health of the soil and nutrients in it, which helps to plan irrigation.

• Investors - Lok Capital
• Hala Mobility | USD 6 Mn | Pre-Series A

App-based subscription platform providing electric scooters. Users can locate nearby vehicles through app and can rent scooters by providing location, user details, payment details, preferred dates, and more.

• Investors -Srikanth Reddy, Snehith Reddy, Phani Ramineni, Sarthy Angels, Bestvantage
• The Hosteller | USD 9.7 Mn | Series A

Online platform for booking hostel accommodations. The platform enables users to book accommodations by providing location, user details, payment details, preferred dates, and more. Users can provide reviews for the places stayed.

• Investors - V3 Ventures, Blacksoil, Real Time Angel Fund, Ice Venture Capital, Synergy Capital Partners, Unit-e Consulting, Harsh Shah, Vedang Patel
• thesys | USD 4 Mn | Seed

Design suite for GenAI software. The platform offers design suite for GenAI software, for the conversational experiences. It generates insights into the user behaviour and usage patterns. It also offers copilots that streamlines iterations and code generations.

• Investors - Together Fund, 8VC
• Nexstem | USD 3.9 Mn | Undisclosed

AI-powered wearable device for electrodiagnostic testing. It develops a non-invasive headset that helps in an electroencephalogram test to measure electrical activity by using sensors.

• Investors - InfoEdge, Gruhas, Zupee, Smile Group
• Induz | USD 780 K | Undisclosed

Induz is revolutionizing nextGen Data Security with a zero trust FIPS solution, cutting-edge innovations, and a new frontier of security.

• Investors - YourNest Venture Capital, SanchiConnect
• 30 Sundays | USD 770 K | Pre-Seed

It is a travel company that creates unique, curated experiences for couples. Using a combination of technology and human expertise, the company offers a platform for couples to save their relationships by taking memorable vacations together.

• Investors - Infoedge Ventures, First Cheque, Eximius, Misfits
• Whole leaf | USD 356 K | Undisclosed

Provider of cannabis-derived wellness products to maintain health. The company offers oral tinctures and topicals infused with CBD and cannabis extract for muscle pain, insomnia, anxiety, and immune health.

• Investors - ah! Ventures
• Enlog | USD 207 K | Undisclosed

Enlog is a electicity management solutions for energy conscious smart buildings

• Investors - Vinners
• COOX | USD 125 K | Seek

Provider of insurance and healthcare claims solutions. The platform provides insurance covers for diagnostic, hospitalization, emergency care, and more. Also, healthcare claims solutions are available for families and companies.

• Investors - Inflection Point Ventures
• Virra Care | USD 30 Mn | Series A

Digital parenting platform that offers online courses, consultation, and educational resources to guide parents on healthy eating practices

• Investors - Khosla Ventures, Founders Fund, 5VC, Lachy Groom
• MITHRON® - India’s 1st creative all drone aggregator, Agri drone platform and Sale connect | Undisclosed | Undisclosed

Provider of tech enabled services for farming. It offers drone platform with AI growth technology for farmers. It provide farm management solutions.

• Investors - Undisclosed
• FlavingredProducts and Services Private Limited | Undisclosed | Undisclosed

Building on the concept of circularity, Flavingredproducts envisage to produce and service the communities keeping sustainability at  the core. This can be achieved by optimizing resources, minimizing wastage and limiting losses.

• Investors - ah! Ventures
• Anubal Fusion | Undisclosed | Pre-Seed

Anubal Fusion is a privately-held company that leverages nuclear fusion technology to develop innovative solutions for a sustainable energy future.

• Investors - Khosla Ventures, Founders Fund, 5VC, Lachy Groom