Tag: Entrackr : Latest Posts

Kutumb, the parent company of social media app Crafto, reported a remarkable 173% year-on-year increase in revenue, reaching Rs 128.6 crore in the fiscal year ending March 2025. The Bengaluru-based startup, founded in 2020, operates a diverse range of apps spanning social, astrology, lifestyle, and utility niches.

The key driver behind Kutumb’s financial success was the substantial increase in subscription revenue from Crafto, a multilingual community social platform. Crafto’s unique feature allowing users to create and share personalized content in regional languages across social platforms like WhatsApp played a pivotal role in driving its revenue growth.

In addition to subscription income, Kutumb also diversified its revenue streams by earning Rs 18 crore from non-operating sources, contributing to a total income of Rs 146.7 crore in FY25. Despite facing significant expenses in advertising and promotional activities, the company managed to post a net profit of Rs 12 crore, a notable turnaround from the previous fiscal year.

This financial milestone not only propelled Kutumb into the prestigious Indicorn club, defined as profitable Indian startups with annual revenues exceeding Rs 100 crore, but also highlighted the company’s ability to effectively monetize its social media platforms and engage a growing user base.

Source: Entrackr : Latest Posts

Intrinsic Foundries, a startup focused on carbon-to-value biomanufacturing, has secured $1.4 million (Rs 12 crore) in a Seed funding round led by Transition VC. The funding will be used for industrial pilots, research expansion, IP filings, team scaling, manufacturing enhancement, and setting up a US entity to support global market expansion.

Founded in 2023 by Shreyansh Jain, Sanjay Jain, and Umang Jain, Intrinsic Foundries aims to convert industrial emissions into premium biochemicals through proprietary microbial biorefinery systems and advanced automation. The company’s goal is to drive scalable decarbonization efforts while providing sustainable ingredients for various industries, including food, pharmaceuticals, cosmetics, and agriculture.

Utilizing biological systems, the Hazaribagh-based startup transforms captured carbon into high-value biochemicals. Intrinsic Foundries’ carbon biorefinery platform, featuring proprietary photobioreactor cultivation systems and Factory 4.0 automation, has demonstrated successful proof of concept at a thermal power plant, ensuring operational reliability and extended continuous capture.

By planning to commission multiple industrial pilots and launch its first commercial plant over the next 12–24 months, Intrinsic Foundries aims to establish itself as a key player in global industrial decarbonization, highlighting the potential of emissions to drive sustainable supply chains and economic returns.

Source: Entrackr : Latest Posts

Edtech startup Beep has successfully raised $850,000 in a pre-Series A funding round, with support from Knowhere Ventures LLC, Pacific Global Solutions Limited, and LeadAngels FLV. Angel investors Vipul Prakash and Sandeep Johri also participated in the funding.

This investment brings Beep’s total funding to $1.5 million. The capital infusion will enable the expansion of its user base to 5 million, the addition of 150 more colleges within the next nine months, and the enhancement of industry-aligned programs.

Established in 2021 by Saurabh Mangrulkar, Rakhi Pal, and Yogesh Nogia, Beep, based in Pune, focuses on developing an AI-powered career platform for students and early-career professionals, particularly in tier II and tier III cities. The platform currently offers 28 live programs covering design, certification, and internship tracks.

Beep’s services include career guidance, mentorship, structured learning programs, and AI-infused hiring tools. Its portfolio comprises a career app for mentorship and job access, upskilling programs with placement support, UniBeep for institutional placement management, and BeepHire.ai for fresher recruitment.

The startup has facilitated over 30,000 placements, internships, and gig opportunities to date, with a user base exceeding 6.5 million. Additionally, it has partnered with 1,500 colleges and collaborated with 7,800 hiring companies.

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Udtara Ventures, a Delhi-based venture capital firm, has launched the Rs 250 crore Udtara Growth Fund to support growth-stage companies pioneering innovative technologies in the defence, aerospace, and dual-use industries. The fund aims to back 8 to 10 companies with a focus on a combination of equity and debt financing to enable efficient scaling.

As a long-term partner, Udtara Ventures plans to leverage its expertise in manufacturing readiness, supply chain development, and global market access to support portfolio companies from the prototyping stage to global expansion.

Founded in 2019, Udtara Ventures is known for its investments in high-growth, technology-driven Indian startups. The fund’s mission is to cultivate enduring, mission-critical firms and create sustained value for founders and investors by promoting technology innovation originating from India.

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Equirus InnovateX Fund (EIF), the early-stage venture arm of the Equirus Group, has officially closed its maiden B2B tech fund at ₹166 crore, following an initial close in February 2024.

The fund primarily focuses on supporting seed and pre-Series A companies in the realms of deep tech, SaaS, and fintech, particularly those in the post-product phase progressing towards product-market fit. EIF seeks partnerships with founders tackling complex challenges with evident distribution and defensibility, aiming for sustainable long-term growth.

Domestic and global investors, including notable figures like Girish Gaitonde, M.R. Jyothy, and Dhimant Bhayani, have backed EIF, contributing not just capital but also operational expertise and market connections.

Managed by Krishna Jha, Sunder Nookala, and Sadhika Agarwal, EIF has already invested a significant portion of its funds in seven startups from Fund I, with plans to reach a portfolio of up to 15 companies. Current investments include Pointo, Datazip, GreenStitch, and others, with the remainder of the capital slated for deployment over the next 12 to 18 months.

EIF collaborates with founders on enterprise access, regulatory challenges, senior recruitment, and fundraising readiness, with a strong focus on governance and sustainable value creation.

With the successful closure of its inaugural fund, EIF will now concentrate on expanding its existing portfolio, selectively adding new ventures, and fostering relationships with founders and long-term investors as it prepares for future funds.

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Fibe, formerly known as EarlySalary, has experienced remarkable financial growth in the fiscal year ending March 2025. The consumer lending firm witnessed a substantial increase in operating revenue, crossing Rs 1,200 crore, and a notable profit spike of 13%. Co-founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe offers personal loans, long-term loans, and loans against mutual funds and fixed deposits, catering to sectors like healthcare, education, and solar rooftop installations.

The core of Fibe’s revenue generation stems from interest on loans, contributing over 80% to its total operating revenue. In FY25, this income surged by 46%, surpassing the Rs 1,000 crore mark. Additionally, Fibe earned revenue from servicing fees, guarantee premiums, marketing, commissions, and various other operational sources.

Despite facing significant finance costs, primarily driven by loan write-offs and losses on guarantees invoked, Fibe managed to post a 13% increase in profit, reaching Rs 114 crore. The company’s strategic partnerships with banks and NBFCs have strengthened its position in the consumer lending market, facilitating over 9 million loans and disbursing more than Rs 40,000 crore through a network of 8,500 lenders.

With a focus on operational efficiency and diversification of revenue streams, Fibe’s financial performance in FY25 highlights its resilience and adaptability in the dynamic consumer lending landscape.

Source: Entrackr : Latest Posts

AI consulting firm Navikenz has raised $7.5 million in a recent funding round co-led by Sekar PRC and Sudip Nandy, with additional contributions from existing investors. This funding marks a significant milestone for the company, following a previous $4 million investment led by Sudip Nandy.

The newly acquired funds will be used to expand Navikenz’s team and enhance its technological capabilities, as stated in a press release by the company.

Established in 2020 by Anjan Lahiri and Samit Deb, Navikenz specializes in assisting businesses in integrating AI-powered solutions to optimize their operations and drive digital transformation. The company’s expertise lies in the strategic application of AI to streamline business processes, combining human insight with machine learning technologies. Navikenz offers a range of solutions including RetailBOT, HR Data Analytics, Spend Analytics, and its proprietary NaviKATOR methodology for digital transformation initiatives.

With a workforce of approximately 250 employees and offices in Bengaluru, Noida, and Princeton, New Jersey, Navikenz is poised to further invest in its workforce, clientele, and technological infrastructure. The company has collaborations with leading pharmaceutical, life sciences, insurance, and financial services companies, positioning itself as a key player in the AI consulting sector.

Over the past year, Navikenz has achieved notable profitability on a quarterly basis and has demonstrated substantial revenue growth within the services segment. The company’s strategic vision includes sustaining profitable growth and doubling revenues every 12–18 months in the coming years.

Navikenz delivers a comprehensive suite of consulting, architectural, and implementation services tailored to AI applications using a pod structure.

Source: Entrackr : Latest Posts

CraftifAI, a multi-agent generative AI-powered platform, has secured $3 million in a seed funding round led by Ankur Capital, with participation from IvyCap Ventures, Capital-A, Antler, and others. The funding will support the expansion of CraftifAI’s engineering and go-to-market teams, as well as its global market presence.

Established in 2025 by Pratik Sharda and Yashwant Dagar, CraftifAI focuses on developing generative AI-powered, silicon-agnostic platforms for embedded systems, IoT, and Edge AI. This approach enables quicker and more cost-effective development in areas such as robotics, drones, and automation.

CraftifAI’s core technology revolves around generative AI and agentic AI workflow, which aids in model optimization, quantization, and deployment for Edge AI systems. The company’s tools target industries like IoT, robotics, surveillance, industrial automation, and autonomous systems, facilitating rapid development and reducing time to market for hardware manufacturers.

By consolidating fragmented toolchains into a single AI-driven workflow, CraftifAI streamlines the embedded software lifecycle, supporting end-to-end product design, development, and manufacturing processes. This enables clients to bring their concepts to market-ready hardware more efficiently and accurately.

CraftifAI has already secured pilot projects with Indian original equipment manufacturers (OEMs) across robotics, drones, IoT, and AI camera sectors, as well as a semiconductor company based in the US.

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Peak XV, a prominent investor in cutting-edge technologies, has announced investments in five early-stage AI companies at the Impact AI PitchFest, a significant event hosted as part of the India AI Impact Summit 2026.

The Impact AI PitchFest provided a platform for founders to showcase their innovative ventures to potential investors, industry experts, and key ecosystem stakeholders.

The startups that secured funding from Peak XV include Companion Labs, Kello, Memfold AI, Round1, and Zoop, each offering unique AI solutions to the market.

Companion Labs is developing interactive AI experiences tailored for India’s diverse audiences, allowing users to immerse themselves in AI-driven narratives exploring various life scenarios and aspirations.

Kello leverages real-world data to enhance hiring processes for enterprises, moving beyond conventional metrics to identify talent effectively.

Memfold AI aims to revolutionize knowledge work environments by creating AI-native workspaces that streamline productivity and collaboration.

Round1 specializes in AI-powered interviewing processes, assisting Indian startups with efficient candidate evaluations.

Zoop focuses on developing AI agents tailored to sellers’ operational needs, offering solutions ranging from voice-based cataloging to personalized AI coaching.

Source: Entrackr : Latest Posts