Tag: Entrackr : Latest Posts

Prayaan Capital, led by Rangarajan Krishnan, former JMD and CEO of Five-Star Business Finance, has successfully raised Rs 110 crore in a Series A round led by Peak XV Partners. This funding will support the development of Prayaan Capital’s cutting-edge lending platform, team expansion, and market growth within India’s MSME sector.

Rangarajan Krishnan aims to revolutionize MSME lending by merging traditional underwriting expertise with a technology-centric strategy spanning sourcing, underwriting, and collections. The company intends to bridge the estimated $300 billion credit gap faced by small businesses in India.

Prayaan Capital’s vision combines branch-led distribution strengths with a tech-enabled operational model. By harnessing digital tools and in-depth customer insights, the company seeks to enhance credit accessibility and serve small enterprises more efficiently.

Specializing in technology-driven MSME lending, Prayaan Capital is dedicated to empowering underserved entrepreneurs in India through a blend of expert underwriting and advanced technology.

Source: Entrackr : Latest Posts

upGrad, a prominent player in the skilling and workforce development sector, has acquired Internshala, an early-talent marketplace, in a deal primarily structured as a stock swap. This acquisition, valued at approximately Rs 100 crore, marks a significant step for upGrad in expanding its offerings and reach.

With a focus on enhancing product innovation, AI-powered talent matching, and enterprise hiring models, upGrad aims to double Internshala’s revenue from Rs 45 crore to Rs 100 crore or more within the next 18–24 months. By integrating Internshala’s internship and job listings with its existing platform, upGrad seeks to provide enhanced opportunities for learners while attracting new users.

Internshala, founded in 2011, has built a strong presence in the internship and training domain, catering to over 34 million registered users and connecting with around 450,000 employers. With a user base primarily from tier-II and tier-III cities in India, Internshala’s acquisition aligns with upGrad’s strategic vision for growth.

Operating independently under its founder, Sarvesh Agrawal, Internshala plans to leverage upGrad’s scale and technology infrastructure to further expand its offerings and user base. This move strengthens upGrad’s position in the market and paves the way for collaborative opportunities in the learning and development segment.

Source: Entrackr : Latest Posts

Chennai-based startup Reneonix has successfully raised Rs 1.7 crore in a pre-seed funding round led by Inflection Point Ventures. The funding round also received support from the Department of Science and Technology (Government of India), NSRCEL–IIM Bangalore, SustainTN, ITEL Foundation, and various angel investors and grant bodies.

Reneonix, founded in 2023 by Iwan Richard, Karthik Sankar, Varun Pandithurai, and Mohammad Mohiyeddin, is focused on building circular materials infrastructure for the packaging sector, with an initial emphasis on glass. The startup offers a range of services including collection, sorting, processing, logistics, and reporting, enabling brands and manufacturers to incorporate circular raw materials into their supply chains.

Currently in the pre-revenue phase, Reneonix is concentrating on pilot deployments and product enhancement. The company is also developing high-value glass derivatives like foam glass to expand monetization opportunities.

Inflection Point Ventures, which has invested over Rs 1,200 crore in more than 280 startups and executed 18 investments in Q4 2025, led the recent funding round.

Source: Entrackr : Latest Posts

Companion Labs, a consumer AI company based in Bengaluru, has raised $2.5 million in a seed funding round led by Peak XV’s Surge, with participation from All In Capital, UntitledVC, DeVC, and angel investors. The startup focuses on developing interactive, entertainment-led experiences tailored for India’s diverse vernacular audiences.

The recent funding will be used to advance product development, enhance AI capabilities, and refine existing products to achieve product-market fit, as stated by Companion Labs in a press release.

Founded in early 2025 by Akshay Jhanwar and Ajit Pol, Companion Labs aims to offer rich, culturally immersive experiences by leveraging AI-powered characters and narratives. The company’s strategic focus on vernacular languages like Tamil, Telugu, Gujarati, Punjabi, Marathi, and Bengali underscores its commitment to catering to the aspirations of India’s digitally connected audience across Tier 2, Tier 3, and Tier 4 cities.

Source: Entrackr : Latest Posts

Stable Money, a financial platform founded in 2022 by Saurabh Jain and Harish Reddy, recently disclosed its financial results for FY25, showcasing a mix of revenue and losses. The company, which enables users to invest in various fixed-return products like fixed deposits, bonds, and secured credit cards, reported an operating revenue of Rs 4.3 crore and gross revenue of Rs 104 crore during the fiscal year.

This revenue was primarily generated through the company’s commission on bond sales, where it purchased bonds worth Rs 100 crore and sold them for Rs 104.4 crore. Stable Money also earned additional income from non-operating sources such as interest on bank deposits and dividend income from mutual funds, amounting to a total income of Rs 112 crore.

Despite achieving significant revenue figures, Stable Money faced a substantial loss of Rs 44.8 crore in FY25, attributed to high bond purchases, aggressive marketing spending, and continuous investments in team and technology enhancements. The company’s financial strategy included substantial expenses on bonds, advertising, employee benefits, software, legal services, and other operational overheads.

Looking ahead, Stable Money recently secured a $25 million funding round led by Fundamentum Partnership, signaling potential growth and scale in the upcoming fiscal years. With over 40 lakh users investing more than Rs 5,000 crore on its platform, the company’s tech-driven approach to financial services continues to attract a substantial user base.

Source: Entrackr : Latest Posts

Jaipur-based personal finance startup Finanjo has secured ₹1.5 crore in pre-seed funding led by AJVC, as reported by Entrackr. The investment will be used to enhance Finanjo’s AI assistant Jo, bolster decision intelligence, and expand goal-based and credit optimization features. Additionally, the funds will be allocated to strengthen the Account Aggregator infrastructure, recruit talent across various teams, scale user acquisition through partnerships, and ensure regulatory compliance.

Co-founded by Prithviraj Singh Chauhan and Pankaj Singh Chauhan, Finanjo caters to young Indian users with a behavior-centric approach. Leveraging India’s Account Aggregator framework and artificial intelligence, Finanjo provides users with a consolidated, real-time overview of their financial activities, offering data-backed advice through its platform.

Since its beta launch, Finanjo has onboarded over 5,000 users, with 500 active daily users and more than ₹25 crore in connected savings. Revenue has been generated through referrals to fixed deposits and mutual funds. This funding round marks Finanjo’s inclusion in the portfolio of AJVC, a venture capital firm known for backing various early-stage startups.

Source: Entrackr : Latest Posts

Bengaluru-based debt investment platform Wint Wealth reported a robust financial performance in the fiscal year ending March 2025. The company’s operating revenue surged by 2.6 times, while losses shrank by over 60% to Rs 8.2 crore.

Established in 2020, Wint Wealth caters to retail investors, offering opportunities to invest in fixed-income products like corporate bonds, securitized debt instruments, and non-convertible debentures (NCDs). Additionally, it extends B2B loans through its NBFC arm, Wint Capital.

The firm’s operating revenue grew to Rs 44.5 crore from Rs 17.2 crore in the previous fiscal year, as reported in its financial statements filed with the Registrar of Companies (RoC). Interest income on debt securities, including earnings from loans disbursed by Wint Capital, contributed 69% to the total operating revenue, growing 3.9 times year-on-year to Rs 30.8 crore in FY25.

Fee-based income from financial intermediary services and net gains from trading debt securities in the secondary market also contributed to the company’s income, which totaled Rs 46.8 crore.

Employee benefit expenses, including ESOP costs, and interest payments were the significant expenses for the company. Various overheads, such as advertising, legal, professional, and administrative expenses, drove the firm’s total expenditure up by 32% to Rs 54.7 crore in FY25.

The substantial growth in operating scale enabled the Zerodha-backed company to slash losses by over 60% to Rs 8.2 crore in the last fiscal year. As of March 2025, Wint Wealth reported current assets of Rs 296 crore, including Rs 35 crore in cash and bank balances.

Source: Entrackr : Latest Posts

Tattvam AI, a deeptech startup specializing in AI systems for automating semiconductor chip design, has successfully raised $1.7 million in a pre-seed funding round led by Seedcamp. Other participants in this funding round include EWOR, Entropy Industrial Ventures, Concept Ventures, and semiconductor angel Stan Boland.

The funding will be used to bolster the engineering team, expedite research efforts, introduce the company’s inaugural product to the market, and enhance collaborations with prominent chip design teams. Co-founded by Bragadeesh Suresh Babu and Lannan Jiang, Tattvam AI aims to revolutionize semiconductor development by facilitating faster chip design and customization for specific applications, thereby enhancing overall system performance.

Custom silicon, as opposed to general-purpose chips, is tailored for particular workloads like AI training or inference, offering remarkable performance enhancements of up to 100x compared to general-purpose hardware such as GPUs, while consuming less power. Tattvam AI is developing a reasoning model that comprehends circuits from fundamental principles, encompassing constraints, trade-offs, and interdependencies, in order to automate and expedite the chip design process.

By automating critical segments of the design process, the company aims to democratize custom silicon, curtail development expenses, and enable swift iterations in chip designs.

Source: Entrackr : Latest Posts