Tag: Entrackr : Latest Posts

Home décor and interior design company Livspace has experienced significant leadership changes, with the departure of Chief Business Officer Lalit Mittal following the exit of co-founder Saurabh Jain. Mittal, who joined Livspace in 2019, has embarked on an entrepreneurial journey after serving in various roles within the company.

The recent developments at Livspace coincide with the implementation of advanced AI technology to streamline operations. The company has transitioned tasks previously handled manually to AI agents, showcasing a strategic shift towards automation.

Founded in 2014, Livspace operates in the home interiors and renovation sector, expanding its footprint in Indian cities and international markets. With funding exceeding $450 million from investors like KKR and Jungle Ventures, Livspace achieved unicorn status in 2022.

Despite recent layoffs affecting over 1,000 employees, Livspace reported revenue of Rs 1,460 crore for the fiscal year ending in March 2025, marking a 42% reduction in losses. The company’s operations span across India, Southeast Asia, and the Middle East, reflecting its robust presence in diverse markets.

Source: Entrackr : Latest Posts

Kris@Work, a Bengaluru-based startup, has successfully raised $3 million in a seed funding round led by Info Edge Ventures. This funding includes contributions from JN Capital & Growth Advisory (Singapore) and angel investors, as reported by Entrackr : Latest Posts.

Founded by Arun Singh and Ramakrishna Mallya, Kris@Work offers an AI-powered go-to-market (GTM) execution platform tailored for enterprise revenue teams. The company plans to use the raised capital to expand its enterprise clientele, strengthen go-to-market partnerships, and further develop its platform.

Kris@Work’s platform is designed to enhance revenue team efficiency and provide real-time intelligence for effective operations. By unifying various tools into a single interface, the platform streamlines sales and GTM workflows, reduces task switching, and automates routine processes at scale.

With a focus on agentic architecture and contextual AI, Kris@Work offers GTM teams a comprehensive platform covering lead identification, deal closure, and account expansion. The company envisions extending this framework to other enterprise functions in the coming years.

As the enterprise AI landscape evolves, Kris@Work aims to position itself among the new wave of global players reshaping sales, marketing, and customer success operations in an AI-centric environment. This funding round will propel the company towards further innovation and expansion within the competitive AI platform market.

Source: Entrackr : Latest Posts

Bengaluru-based fintech startup Xflow has secured $16.6 million in a Series A funding round led by General Catalyst. The round also saw participation from existing investors Square Peg, Stripe, Lightspeed, and Moore Capital, as well as a new investment from PayPal Ventures.

Xflow, co-founded by Anand Balaji, Ashwin Bhatnagar, and Abhijit Chandrasekaran, focuses on streamlining international transactions for SMEs, ITES firms, and startups. The company’s recent achievement of final PA-CB authorization for both exports and imports marks a significant milestone in its growth trajectory.

The latest funding, which adds to a previous $10.2 million pre-Series A round, will be crucial in expanding Xflow’s geographical reach and enhancing its service offerings. By catering to overseas merchants and payment aggregators with the PA-CB Imports license and fortifying its solutions with the PA-CB Exports license, Xflow aims to further amplify its impact in the cross-border payments landscape.

Xflow has significantly expanded its user base, now serving nearly 15,000 clients, including SaaS companies, GCCs, and IT service exporters. The company’s international payments infrastructure has benefited fintech entities like Drip Capital and Easebuzz, facilitating transactions across multiple currencies and geographies.

Xflow’s FX AI Analyst empowers data-driven treasury decisions and enhances foreign exchange outcomes for Indian businesses across 100 countries and over 25 currencies. With a track record of servicing over 10,000 businesses and processing substantial transaction volumes, Xflow continues to strengthen its position as a key player in the cross-border fintech domain.

Source: Entrackr : Latest Posts

Student mobility startup ZeroMobit has secured Rs 1.5 crore in a pre-seed funding round with JioMart CEO Sandeep Varaganti and Ashok Agrawal among the co-leads. This funding will support the development of its AI-powered technology, operational expansion, and infrastructure growth, the company announced.

Established in April 2024 by Vijay Ganagam and Alfred Lazarus, ZeroMobit offers a comprehensive student mobility platform integrating logistics, safety, discovery, tracking, and subscription-based services. The startup aims to expand its presence in key educational hubs across India and enhance its services with AI-powered route optimization and compliance automation.

ZeroMobit is leveraging Edge AI to construct decentralized intelligence layers for real-time safety monitoring, route optimization, and operational robustness. The company plans to strengthen partnerships with campuses, increase fleet capacity, and fortify compliance infrastructure in cities like Hyderabad, Bengaluru, Vijayawada, Visakhapatnam, Chennai, and Mumbai.

With collaborations spanning over 15 institutions, ZeroMobit operates a compliance-centric student mobility framework. The startup has completed 3.4 lakh student trips encompassing 147 pincodes in Hyderabad and is actively onboarding more institutions in the city. ZeroMobit’s fleet network comprises over 3,000 vehicles with comprehensive compliance measures.

Source: Entrackr : Latest Posts

Aakash Educational Services Ltd (AESL) reported a substantial loss of Rs 2,443 crore in the fiscal year ending March 2024, primarily due to exceptional costs linked to its parent company, Think & Learn Private Limited (Byju’s). These costs encompassed high finance expenses and provisions associated with loan defaults, repayments, and write-offs involving the related party.

AESL’s revenue from operations held steady at Rs 2,438 crore in FY24, compared to Rs 2,399 crore in FY23. The company offers coaching services for NEET, IIT-JEE, Olympiads, and NTSE, catering to medical and engineering aspirants through classroom and distance learning programs. Student fees constituted 96% of total revenue, increasing by 2% to Rs 2,341 crore in FY24.

Additional revenue stemmed from the franchise model, declining by 8.5% to Rs 97 crore during the period. AESL also recorded Rs 433 crore in non-operating income, primarily from interest and manpower services, bringing its total income to Rs 2,471 crore in FY24.

Employee benefits, including staff and faculty expenses, represented the largest chunk of expenditure for AESL, accounting for 56% of the total. This cost escalated by 14% to Rs 1,411 crore in FY24. Moreover, depreciation and amortization expenses surged by 28% to Rs 259 crore in the same period.

Various expenses such as advertising, study materials, legal fees, and IT costs contributed to the total expenditure of AESL rising by 14% to Rs 2,532 crore in FY24. The company booked exceptional costs amounting to Rs 2,720 crore, predominantly tied to its parent company, Think & Learn Private Limited (Byju’s), resulting in a net loss of Rs 2,443 crore in FY24.

Excluding exceptional items and deferred tax impact, AESL reported a loss of Rs 61 crore in FY24, a significant shift from a profit of Rs 153 crore in FY23. Despite these challenges, AESL maintained a positive EBITDA of Rs 307 crore at the operational level, though its ROCE and EBITDA margin decreased to 6.76% and 12.57%, respectively, in FY24.

Source: Entrackr : Latest Posts

An AI-powered recruitment platform, HireBound, has successfully raised $2 million in a seed funding round led by Kalaari Capital, with additional participation from Antler, Infinyte Club, and CareerNet. This funding will be used by the Bengaluru-based startup to enhance product development, expand go-to-market operations, and fuel global expansion, with a target of achieving a 5x increase in annual recurring revenue (ARR) over the next 12–18 months.

Co-founded by Sharad Vij and Kumar Vikramaditya, HireBound specializes in an AI-driven recruitment platform that streamlines the entire hiring process. Their advanced AI system manages tasks such as sourcing, engagement, screening, evaluation, and candidate recommendations.

The company has facilitated over 3 million candidate interactions and trained its system on a vast dataset comprising more than 2 million resumes and 30,000 job openings. Integrating seamlessly with applicant tracking systems (ATS) and human resource management systems (HRMS), HireBound caters to staffing agencies and corporate talent teams.

With a current team size of 15 members, HireBound plans to expand into global markets within the next 12–24 months while adapting to diverse regional hiring practices and compliance standards.

Source: Entrackr : Latest Posts

optoML, a semiconductor startup specializing in SoC technology, has successfully raised $1.8 million in a pre-Series A funding round led by Bluehill.VC and A99. The company plans to utilize the investment to expand its workforce and commence development on its upcoming line of chips following the 12 nm tapeout completion with TSMC.

Led by Saravana Maruthamuthu, optoML is known for constructing analog-in-memory compute architectures integrated with optical interconnects to handle AI workloads efficiently. Their proprietary in-memory compute design reportedly offers a significant energy efficiency boost, up to 50 times more than conventional digital accelerators, with a focus on applications in edge computing, enterprise solutions, and data centers.

Furthermore, optoML has signed a Memorandum of Understanding (MoU) with Kaynes Semiconductor to facilitate assembly and testing operations once TSMC delivers the wafers. The company functions as a fabless semiconductor entity, concentrating on developing scalable AI System-on-Chip (SoC) platforms using FinFET nodes.

Bluehill.VC, a firm specializing in deep-tech investments spanning semiconductors, defense, energy, and industrial technology, spearheaded the funding round for optoML.

Source: Entrackr : Latest Posts

An electric aircraft company, The ePlane Company, is in the process of raising $40–50 million in a Series C funding round, as reported by The Economic Times. Speciale Invest is set to co-lead the round, which will likely involve a mix of equity and convertible instruments. The Chennai-based company has already secured $20 million from Speciale Invest and other investors.

The upcoming funding is earmarked for accelerating aircraft development, enhancing engineering capabilities, and supporting certification processes. The company is gearing up for future commercial deployment.

Founded in 2019 by Satya Chakravarthy, ePlane specializes in developing AI-based electric flying cars designed for taxi services. These vehicles boast a two-seater capacity, vertical takeoff, and a range of 200 km, catering to both cargo and passenger transportation needs.

In a previous deal, ePlane agreed to provide 788 air ambulances, valued at over $1 billion. Additionally, InterGlobe Enterprises and US-based Archer Aviation have revealed intentions to launch an all-electric air taxi service in India by 2026, offering a swift 7-minute route from Connaught Place to Gurugram. InterGlobe Enterprises is the parent company of IndiGo.

Source: Entrackr : Latest Posts

Pluckk, a business-to-consumer fresh produce platform, has secured Rs 100 crore (approximately $11 million) in funding from Euro Gulf Investment. This new investment round follows a previous $10 million investment from the same investor last year, as reported by Entrackr.

The fresh capital infusion will be used to drive aggressive growth, service debenture interests, and meet corporate needs. Entrackr estimates the company’s valuation to reach about $58 million post-allotment. Founded in 2021, Pluckk focuses on delivering fresh, lifestyle-centric produce to consumers, offering trendy food options like vegan products, low-carb alternatives, and items promoting gut health and immunity.

Prior to this round, Pluckk had already secured $15 million, including a $5 million seed funding from Exponentia Ventures. The company has also made strategic acquisitions, such as KOOK, a DIY meal kit platform, for $1.3 million, and Upnourish, a nutrition brand, for $1.4 million. Despite doubling revenue to Rs 85 crore by March 2025, Pluckk has also seen losses widen to Rs 55 crore, reflecting the challenges in the competitive online fresh produce segment.

Pluckk competes with players like Gourmet Garden and Kisankonnect, and its latest investment underscores the tech-driven innovation in fresh produce delivery services. The market dynamics remain challenging, with other startups like Otipy, Deep Rooted, and Fraazo facing operational difficulties despite significant funding. Pluckk’s strategic funding decisions highlight the importance of technology in reshaping the food delivery landscape.

Source: Entrackr : Latest Posts

Deep-tech engineering startup Hycosys has successfully raised over $1 million in a seed funding round led by MountTech Growth Fund – Kavachh. This funding will enable the Bengaluru-based startup to enhance its engineering team, access advanced testing facilities, and embark on the development of a micro gas turbine (MGT) that aims to offer a sustainable alternative to diesel-based power generators by mid-2027.

Hycosys, founded in 2024 by Tapish Agarwal and Ugandhar Reddy, specializes in designing fuel-flexible, low-emission micro gas turbine systems with a focus on clean power, mobility, and aerospace applications. The startup’s approach includes a hydrogen-optimized combustor, a 3D-printed heat recovery unit, and an advanced turbine design, all aimed at improving efficiency and reducing the system’s weight by up to 30% compared to existing solutions.

With plans to integrate their MGT technology with microgrids, commercial vehicle range extenders, and advanced propulsion units for drones and aircraft, Hycosys is aligning its efforts with India’s decarbonization goals, aiming to meet 50% of energy needs from non-fossil sources by 2030.

Source: Entrackr : Latest Posts