Tag: Entrackr : Latest Posts

Bhanzu, a math-focused edtech platform, reported a remarkable 3.7X year-on-year growth in revenue from operations, reaching Rs 109.5 crore in fiscal year 2025 (FY25) from Rs 29.4 crore in FY24. This growth was attributed to the success of Bhanzu’s experiential math learning courses, catering to children aged between 5 to 16 years.

International markets, including the US, the UK, and the Middle East, played a pivotal role in Bhanzu’s revenue, contributing over 69% of the total revenue at Rs 75.7 crore, a 4.3X increase compared to the previous fiscal year. The Indian market also saw substantial growth, contributing Rs 33.9 crore.

Cost management was a key focus area for Bhanzu, with employee benefits accounting for the largest share of total expenditure. The company successfully reduced these costs by 17% in FY25, primarily due to lower ESOP expenses. Despite increased spending on sales and marketing, training, and recruitment, the company was able to maintain a stable financial position.

The impressive growth in revenue allowed Bhanzu to slash its losses by 42% to Rs 79 crore in FY25, demonstrating the company’s commitment to financial sustainability and growth. With a strong cash position and a solid foundation laid during the fiscal year, Bhanzu is poised for further expansion and impact in the edtech industry.

Source: Entrackr : Latest Posts

AI startup OpenCFO has successfully raised $2 million in its initial institutional funding round led by Endiya Partners, with additional support from angel investors in the US and India.

The funding will be used to bolster the company’s engineering team, advance the development of automation agents for financial workflows, and expand customer outreach in key markets like the US, India, UK, EU, and Canada.

Co-founded by Prudhvi Rao Shedimbi and Sankalp Singayapally, OpenCFO specializes in constructing an AI-powered financial operations platform tailored for mid-market enterprises. The platform integrates accounts payable, accounts receivable, and treasury workflows into a unified system powered by AI agents.

By integrating ERPs, banking systems, and payment infrastructure, OpenCFO streamlines finance operations including invoice processing, reconciliation, cross-border payments, and treasury management. The platform showcases capabilities in automating invoice processing workflows and streamlining cross-border treasury functions, demonstrating potential cost savings and quicker settlement times for international payments based on initial trials.

With operations spanning the US and India, OpenCFO primarily targets mid-market firms overseeing global operations.

Source: Entrackr : Latest Posts

NPrep, a startup focused on empowering nursing students and professionals through an AI-powered skilling platform, has secured $1.5 million in a seed funding round led by Lumikai. The investment, which also included contributions from All In Capital, Velo Partners, DSP Group Family Office, and other investors, aims to bolster NPrep’s platform to assist nursing candidates in India preparing for healthcare roles.

Founded in 2024, NPrep concentrates on bridging educational gaps for nursing students from tier II and tier III cities. By offering personalized study plans and over 1,400 hours of exam-aligned video content, the platform utilizes AI mentors and historical exam data to enhance exam performance and career opportunities for its users.

With a user base exceeding 100,000 nurses in India within just 10 months, NPrep has already delivered over 6 million minutes of video content and facilitated 31 million answered questions. The platform’s emphasis on personalized adaptive learning plans, coupled with AI-driven guidance, underscores its commitment to improving educational outcomes for nursing professionals.

Source: Entrackr : Latest Posts

Global packaged seafood company Captain Fresh, founded by CEO Utham Gowda in 2020, is raising Rs 120 crore in an equity round led by Gowda himself. The capital infusion aims to increase the founder’s stake in the company, with Gowda investing a significant portion through personal funds. Following this investment, Gowda’s shareholding is set to rise from 17% to nearly 19%.

Gowda will inject around Rs 100 crore through his entity Tigerlily Properties, with the remaining funds coming from investors like Avanti Feeds and Veer Growth Fund. The move comes after Captain Fresh recently secured Rs 290 crore in sustainability-linked financing.

While the company had earlier planned to raise Rs 1,700 crore through an IPO, it withdrew its draft papers to finalize an acquisition. Captain Fresh had previously received Rs 250 crore in pre-IPO funding from investors like Prosus Ventures and Accel. The company clarified that its IPO roadmap remains unchanged and will file fresh papers after concluding the ongoing acquisition.

For the fiscal year ended March 2025, Captain Fresh reported a 145% increase in gross merchandise value, reaching Rs 3,421 crore. The company operates a tech-driven B2B supply chain platform for packaged seafood, serving markets in India, the Middle East, Europe, and the US.

Source: Entrackr : Latest Posts

Bengaluru-based ride-hailing app, Namma Yatri, has successfully raised Rs 39.75 crore in a recent funding round, led by Juspay founder Vimal Kumar and with participation from existing investors Blume Ventures and Antler. This new capital injection follows a previous funding round in July 2024, where Namma Yatri secured $11 million from the same investors.

The board of Moving Tech, the company behind Namma Yatri and other community-led mobility apps, approved the issuance of 1.26 crore CCPS shares to raise the funds. Vimal Kumar contributed Rs 18 crore, followed by Blume Ventures with Rs 9 crore, and other investors making up the remaining amount.

Despite the fresh funding, Namma Yatri’s valuation has reportedly remained stable at around Rs 500 crore post-money. The ride-hailing platform is known for being a zero-commission, open-mobility service in India, connecting users directly with auto and cab drivers for fair-priced rides in cities like Bengaluru, Delhi-NCR, and Chennai.

With Vimal Kumar set to hold a 13.91% stake in the company and Blume Ventures retaining an 11% share, Namma Yatri continues to operate in the competitive ride-hailing market. The company’s financials for the fiscal year ended March 2025 showed operating revenue of Rs 19.8 crore but with a loss of Rs 51.25 crore.

This funding round for Namma Yatri comes amidst escalating competition in India’s ride-hailing sector, with major players like Uber and Rapido also securing substantial investments to maintain their market positions.

Source: Entrackr : Latest Posts

Technology company Mozark has successfully raised $40 million in its recent Series B funding round, with IFC and RMB Capitalworks leading the investment, along with Kalaari Capital joining in. This funding round follows a previous $10 million investment from BlackSoil and others.

Mozark, founded in 2019, specializes in digital experience testing and measurement. The company’s core focus lies in helping various entities such as enterprises, telecom operators, public-sector organizations, and regulators conduct real-world digital experience tests at scale.

Mozark’s key offerings involve executing scripted critical user journeys on real devices across diverse networks and locations. By doing so, the company generates synthetic experience telemetry to identify performance gaps across the AI-native full stack, covering everything from applications to underlying infrastructure.

With real-world performance varying significantly across different geographies, devices, networks, and infrastructure setups, Mozark’s solutions aim to bridge the digital quality gap, promoting adoption, productivity, and inclusion. The company’s AI-assisted platform conducts large-scale testing of critical user journeys, providing valuable insights into performance gaps and enhancing service outcomes.

Mozark’s innovative approach has already attracted over 50 enterprise and government clients across 20 countries, including telecom operators, financial institutions, and regulators. The company’s deployments, which involve thousands of live devices, have conducted more than 25 million tests, supporting benchmarking and user-experience assurance analytics at scale.

Source: Entrackr : Latest Posts

India’s retail broking industry saw moderate growth in February, with active users increasing to 4.54 crore from the previous month. Leading the pack, Groww added 3.5 lakh new clients in January and 2.65 lakh in February. Notably, Dhan achieved a significant milestone by surpassing 1 million users after gaining 19,000 new users in the last month.

Zerodha and Angel One also contributed to the industry’s expansion, each adding over 10,000 clients in February.

According to NSE data, Groww witnessed a 2.13% month-on-month rise in its user base in February, reaching a total of around 1.27 crore and capturing a market share of 28.03%.

As of the latest update, Groww’s share price surged over 4% to approximately Rs 155.6 per share, with a market cap of Rs 96,117 crore or roughly $10.6 billion.

Emerging brokers like Dhan and INDmoney also saw user base growth, with Dhan crossing the 1 million user mark and achieving a market share of 2.24%.

Source: Entrackr : Latest Posts

Seafood supply chain startup Captain Fresh has announced securing Rs 290 crore in sustainability-linked financing from global impact investor Blue Earth Capital. This funding will bolster Captain Fresh’s global distribution capabilities and reinforce sustainability initiatives within seafood value chains.

Founded in 2020, Captain Fresh operates a technology-driven platform that integrates seafood sourcing, processing, and distribution. The company’s digital system enhances traceability and operational efficiency across the seafood supply chain.

Captain Fresh retails packaged seafood under various brands and serves distributors and retailers across markets including the US, Europe, the UAE, and India. In FY25, the company catered to approximately 1,300 customers across 30+ countries, trading in over 90 seafood species.

Headquartered in Bengaluru, Captain Fresh has expanded globally through strategic acquisitions, including Spain-based tuna processor Frime, Poland-based salmon company Koral, US-based seafood importer CenSea, and France-based seafood distributor Senecrus.

In FY25, Captain Fresh reported a 2.5X surge in gross merchandise value to Rs 3,421 crore and achieved a net profit of Rs 42 crore, a notable improvement from the Rs 229 crore loss in the preceding year.

Source: Entrackr : Latest Posts

Invention Engine, a founder-led accelerator, has spearheaded a $2.5 million funding round in four promising portfolio companies, including Sonic Lamb, Cheerio AI, Desible.ai, and Magicroll. These startups cover a diverse range of tech sectors, from hardware and enterprise SaaS to voice AI and video infrastructure.

Sonic Lamb, known for its India-designed headphones, secured around $1 million to expand its global reach and enhance its core technology for automotive and pro-audio sound applications. Cheerio AI, an AI marketing automation platform trusted by over 150 enterprises, raised approximately $1 million to bolster its customer engagement and revenue retention capabilities through intelligent automation.

Desible.ai, a conversational infrastructure platform for BFSI workflows, obtained $250K to develop AI-powered voice agents with multilingual and empathetic capabilities. Magicroll, an AI-driven video editing platform, received $100K to further enhance its unique approach in creating personalized short-format videos.

With Invention Engine expanding its early-stage investment program through initiatives like the ‘ACE $100k’ cohort, offering patient capital to startups, the tech landscape in India is ripe for a surge of AI-led innovations.

Source: Entrackr : Latest Posts

Pronto, a startup offering on-demand home services, recently closed a $25 million Series B funding round led by Epiq Capital. This round doubled the company’s post-money valuation to $100 million, with the founder’s stake diluted to below 40% as existing and new investors joined the round.

The funding details, including the round size and valuation, were disclosed by the company and verified through regulatory filings reviewed by Entrackr. Pronto issued 6,522 Series B preference shares to raise the $25 million, with investors like Epiq Capital, Glade Brook Capital Partners, General Catalyst, and Bain Capital Ventures participating.

Pronto’s valuation has surged over 2.3 times since its $11 million Series A round last year, showcasing the company’s remarkable growth. Founded in 2025, Pronto connects households with verified domestic workers, experiencing significant booking growth for its on-demand home services.

Following the Series B round, external shareholders like Glade Brook Capital, Bain Capital Ventures, and General Catalyst have acquired notable stakes, with Epiq Capital as a new investor. Pronto also maintains a substantial ESOP pool valued at around $100 million.

The home services sector has seen a surge in funding, with Pronto facing competition from players like Urban Company and Snabbit. Urban Company’s Insta Help service surpassed 50,000 daily bookings within a year, while Snabbit recorded over 8 lakh bookings in February alone.

Source: Entrackr : Latest Posts