[Funding News] Onlygood.ai Secures Seed Funding

Onlygood.ai has secured Rs 4 crore, or roughly $500,000. Goel Group, IIT Madras Incubation Cell (IITMIC), and Daimler India Commercial Vehicles (DICV), which has acquired a 1.5% equity investment at a predetermined valuation, co-led the round.

With intentions to reach Europe in 2024, the investment will be utilised to grow business in the Middle East and India. Onlygood wants to grow its staff, add more features to its products, and fortify its technology base.

Read also – [Funding News] Millennium Babycares Secures Rs 122 Cr from Bharat Value Fund

Onlygood platform has been evolving over the last 2 years and has been implemented for remote monitoring and analytics in apparel and footwear, energy, automotive and manufacturing.

About Onlygood

Onlygood was founded by Rajeev Sinha and Vivek Mehra in 2022, and it uses creative thinking to solve the problem of carbon emissions.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.