Tag: Entrackr : Latest Posts

BambooBox, an AI-driven orchestration platform, has secured $6.6 million in funding, with Peak XV Partners leading the investment round. Other participants included Emergent Ventures, Arc180, Uncorrelated, HAF, and angel investors.

Part of Peak XV’s Surge accelerator program’s sixth cohort, BambooBox plans to use the funds to enhance its global presence, bolster its AI capabilities, and expand its Account-Based Marketing (ABM) services for enterprise clients.

Co-founded by Ankur Saigal and Divyesh Dixit, BambooBox focuses on developing a managed ABM operating system for enterprise B2B teams. By integrating AI-driven orchestration and execution support, the platform helps companies translate intent signals into revenue-generating outcomes.

The company serves clients in India and the US, including Airtel Business, Rootstock, and LightMetrics. Additionally, BambooBox is working on AI agents to automate research, personalization, and campaign execution processes.

Source: Entrackr : Latest Posts

Velmenni, a deep-tech company specializing in light-based wireless communication, has successfully raised Rs 30 crore (approximately $3.3 million) in a pre-Series A funding round. The round was led by pi Ventures, with additional investments from MountTech Growth Fund-Kavachh and Apekso.

The funding will be used to accelerate the commercialization of Velmenni’s patented Free Space Optics (FSO) and Light Fidelity (Li-Fi) solutions. The company plans to focus on developing tailored solutions for strategic defense and enterprise applications, while also expanding its global presence.

Established in 2014 by Deepak Solanki, Velmenni pioneers light-based wireless communication solutions using Li-Fi and Free Space Optics technologies. Its offerings cater to the telecom, defense, and enterprise sectors, aiming to revolutionize wireless communication through light technology.

With the growing demand for data straining conventional radio frequency spectrum, Velmenni’s light/laser-based optical links provide a cost-effective alternative to spectrum licensing and cable infrastructure, ensuring secure and interference-resistant communication channels.

Velmenni’s notable achievements include deploying India’s inaugural commercial carrier-grade FSO backhaul links for a private 5G network at a GMR thermal power plant in Odisha, maintaining exceptional availability of 99.999% over 18 months in challenging tropical conditions. Furthermore, the company secured a significant deal from the Indian defense sector for its specialized FSO solution, set to enhance connectivity in submarine environments.

Velmenni’s innovative products have undergone successful PoCs and more than 50 live deployments across India, the SEA region, and with leading mobile network operators in the US. The company’s solutions are CE certified, with FCC clearance anticipated in the near future.

Source: Entrackr : Latest Posts

Green technology startup Newtrace has secured $6.3 million in a pre-Series A funding round led by HDFC Bank and Mitsui Sumitomo Insurance Venture Capital. The investment will support the development of Newtrace’s innovative electrode and electrolyzer technologies for green hydrogen production.

The funding round also included participation from Peak XV Partners’ Surge, Aavishkaar Capital, Speciale Invest, Micelio Technology Fund, and angel investors Manish Prataprai Gandhi and Renu Manish Gandhi.

Founded in 2021 by Prasanta Sarkar and Rochan Sinha, Newtrace aims to enhance green hydrogen production with its proprietary Voltagen electrode technology. This technology is designed to improve energy efficiency, extend system lifespan, and reduce hydrogen production costs in alkaline water electrolyzers.

Newtrace’s Voltagen electrodes are expected to enter initial commercial deliveries within the next year as the company scales pilot manufacturing, validates its technology with customers, and expands its engineering and manufacturing capabilities.

By offering a drop-in replacement for existing electrodes, Newtrace’s technology provides electrolyzer manufacturers, green hydrogen project developers, and industrial gas companies with a seamless way to enhance performance without the need for system redesigns.

In the fiscal year ending March 2025, Newtrace reported operating revenue of Rs 1.8 crore, alongside widened losses of Rs 15.6 crore, indicating the company’s focus on technology development and market expansion.

Source: Entrackr : Latest Posts

Aquaculture technology company AquaExchange has secured $8 million in its Series B funding round, co-led by Endiya Partners and Factor Analytics, with support from Accion Ventures and Ocean 14 Capital.

The funding will enable AquaExchange to expand its international technology solutions, strengthen its domestic market presence, and fortify its position in the aquaculture value chain.

Founded by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, AquaExchange empowers aquaculture farmers through innovative technology to optimize crop yields, mitigate risks, and manage input costs efficiently.

The company’s product lineup includes PowerMon, a power management device, and AquaBot, an automated feed management system, aimed at streamlining farming operations. Additionally, AquaExchange facilitates farmers’ access to formal crop loans and working capital, enhancing financial sustainability in the sector.

AquaExchange’s advanced technologies have automated over 25% of India’s shrimp farming acreage, monitoring 80,000 acres globally. The company operates in five Indian states and international markets such as Ecuador, Saudi Arabia, and Madagascar, showcasing a global impact in revolutionizing aquaculture practices.

In FY25, AquaExchange reported a significant revenue increase to Rs 240.51 crore, with efforts towards achieving EBITDA profitability in the current fiscal year.

Source: Entrackr : Latest Posts

Four portfolio startups of Invention Engine, a founder-led accelerator focused on early-stage AI and deep tech companies, have collectively secured approximately $2.5 million in a new funding round.

The startups that received this investment include Sonic Lamb, Cheerio AI, Desible.ai, and Magicroll. Sonic Lamb, known for its India-designed headphones, raised $1 million to expand its brand globally, particularly in automotive and pro-audio sound applications. Cheerio AI, a no-code AI marketing automation platform, received around $1 million to enhance its customer engagement and retention automation capabilities. Desible.ai, a conversational infrastructure platform for the banking, financial services, and insurance (BFSI) sector, secured $250,000 to develop AI-powered voice agents with multilingual and empathetic features. Magicroll, an AI-powered video editing platform, obtained $100,000 to further improve its content personalization and go-to-market strategies.

Invention Engine has also introduced the ‘ACE $100k’ cohort, offering $100,000 per startup in patient capital. This initiative aims to support early-stage startups focusing on AI-led innovations, expanding the reach of its investment program in India.

Source: Entrackr : Latest Posts

Fintech startup Coreworks.AI has secured $5 million in a seed funding round led by Together Fund, as reported by Entrackr. Founded in 2025 by Prashant Kumar and Pavan Sondur, the company introduces AI SuperAnalyst, a platform that streamlines the conversion of business data into comprehensive presentations and reports.

AI SuperAnalyst integrates with ERP systems, CRM platforms, financial models, and spreadsheets to generate spreadsheet models, written analysis, and slide presentations efficiently. The platform emphasizes security, boasting SOC 2 readiness, end-to-end encryption, and stringent data protection measures to safeguard customer data from AI model training.

Coreworks.AI’s platform caters to various business needs, from crafting quarterly board decks to preparing operational reports and customer proposal decks, all customizable to match a company’s branding and style templates.

This funding round signifies a pivotal moment for Coreworks.AI, propelling the development and adoption of AI technologies in data analytics, empowering businesses to leverage data insights effectively.

Source: Entrackr : Latest Posts

Visa processing startup Atlys recently closed a successful Series C funding round, raising $36 million. The funding was led by Susquehanna Asia Venture Capital, with participation from existing investors such as Elevation Capital, Long Journey Ventures, and Peak XV Partners. Travel platform MakeMyTrip also joined as a new investor in this round.

Atlys plans to use the capital to expand into new international markets and further develop its AI capabilities. The company aims to leverage AI technology for various aspects of the visa process, including document verification, eligibility checks, and traveler support.

Founded in 2021 by Mohak Nahta, Atlys offers a digital platform that enables travelers to explore, apply for, and manage visas across over 120 destinations. Since its previous funding round, the startup has processed nearly 450,000 visas and has significantly grown its presence in key global markets like the UAE, the US, the UK, and Australia. These international markets now account for almost half of the company’s total business.

Atlys has experienced remarkable growth, currently operating at an annual visa run rate exceeding 700,000 applications. The acquisition of the UK unit of visa services firm Artionis in February 2025 further strengthened Atlys’ position in Europe and bolstered its visa processing infrastructure.

With this recent funding injection and strategic expansion, Atlys is poised to establish a comprehensive global digital visa platform for international travelers.

Source: Entrackr : Latest Posts

Digital payments platform PhonePe has decided to pause its initial public offering (IPO) due to ongoing geopolitical tensions and market volatility, as reported by Entrackr : Latest Posts.

The company, which has over 650 million registered users and a merchant network of more than 47 million, aims to go public in India once stability returns to global capital markets. The delay in PhonePe’s IPO is a strategic move amidst increased market volatility driven by tensions involving Iran, the US, and Israel.

PhonePe’s CEO Sameer Nigam expressed the company’s commitment to its IPO plans despite the temporary hold, hoping for a swift resolution to the ongoing conflict. Founded in 2016, PhonePe had filed its updated DRHP earlier this year to raise approximately $1.5 billion through an IPO, targeting a valuation of around $10.5 billion.

The decision to postpone the IPO reflects a cautious approach, considering the potential impact of market fluctuations on the company’s valuation. With Walmart as its largest shareholder, PhonePe’s valuation is a critical factor for the fintech firm, influencing the timing of its public market debut.

Overall, PhonePe’s temporary halt in IPO proceedings underscores how geopolitical events can disrupt tech offerings and highlights the importance of market stability for companies entering the public domain.

Source: Entrackr : Latest Posts

Agritech startup Verdant Impact has successfully raised $3 million in a recent seed funding round led by Unicorn India Ventures. Other notable participants in the funding round include Infynyte Club, Yash Kotak, Alok Soni, and a-IDEA NAARM.

The newly acquired funds will be allocated towards team expansion, market expansion in North and North-East India, research and development efforts, and enhancements to its Pashu.AI platform. A significant portion of the investment will also go towards upgrading the company’s technology infrastructure with the integration of blockchain technology.

Founded by Manish Kumar, Verdant Impact specializes in developing AI-driven solutions for livestock management and bovine genetics. The startup’s offerings include Pashu.AI, a comprehensive platform for monitoring livestock health, tracking genetic information, and managing farms, as well as Bharat Pashudhan, an IoT device designed for herd monitoring purposes.

Verdant Impact has reported serving over 600,000 farmers and achieving an impressive revenue growth of 8X since its last funding round in March 2025. The company has set ambitious revenue targets, aiming to reach Rs 100 crore in revenue for FY26 while maintaining profitability.

In addition to its core business operations, Verdant Impact is actively engaged in initiatives such as the India Methane Mission, which is centered around reducing methane emissions from dairy farming and facilitating carbon credit mechanisms for farmers.

Source: Entrackr : Latest Posts

Accel and Google’s AI Futures Fund (AIFF) have revealed the five startups selected to join the 2026 Atoms AI Cohort. This collaboration combines Accel’s support for Indian founders with Google’s advanced AI infrastructure to propel early-stage teams from concept to global expansion.

The chosen startups, selected from over 4,000 applicants, will each receive up to $2 million in co-investment, evenly split between Accel and the Google AI Futures Fund. Additionally, they will benefit from up to $350,000 in compute credits covering Google Cloud, Gemini, and Google DeepMind resources.

The 2026 Cohort encompasses five key verticals, showcasing the wide spectrum of AI innovation and India’s increasing impact on developing globally scalable solutions.

The cohort features K-Dense, focusing on an AI co-scientist to accelerate discoveries in life sciences, physics, chemistry, and more; Dodge.ai, introducing autonomous AI agents to modernize ERP systems; Persistence Labs, leveraging voice AI to revolutionize large-scale call center operations; Zingroll, constructing AI-centric entertainment and streaming experiences for consumers; and LevelPlane, enhancing industrial automation for precision-driven automotive and aerospace manufacturing.

Accel’s Atoms initiative signifies the firm’s commitment to supporting India’s most innovative founders at the outset of their entrepreneurial journeys. Having been the initial backer for numerous successful Indian enterprises such as Flipkart, Freshworks, and Swiggy, Accel employs its extensive network and expertise to assist pre-seed founders in navigating their early stages.

Backed by Accel Atoms, over 45 companies have collectively secured more than $300 million in subsequent funding, marking a transformative period for early-stage innovation in India, where global capital and technology synergize to accelerate founder progression.

The AI Futures Fund is dedicated to backing frontier AI startups globally by combining funding with early access to technology, infrastructure, and mentorship from Google and DeepMind teams, aiming to expedite responsible AI innovation and facilitate the global expansion of cutting-edge applications.

Source: Entrackr : Latest Posts