Insight

AI-driven customer support solutions provider ‘LiaPlus’ AI has raised INR 2 Crore in Seed Round led by Inflection Point Ventures. Other co-investors in the round are Chandigarh Angel Network (CAN) and Growth91.

Partha Sinha was appointed as the new Chairman of the Advertising Standards Council of India (Asci) for the 2024-25 fiscal year.

Rapido, a mobility startup, has obtained $200 million in a financing round anchored by its current investor, WestBridge Capital. This transaction has propelled Rapido into the unicorn club of privately held companies, with a valuation of $1.1 billion.

ReCircle, a cleantech startup, has secured an undisclosed sum of investment in a bridge financing round that was jointly led by Mumbai Angels, Venture Catalysts, and high-net-worth individuals (HNIs).

Accel and Kae Capital have led a $3.6 million preliminary funding round for RecommerceX, a chemical recycling and sustainability startup.

Prashant Verma has been appointed as the Chief Growth and Marketing Officer (CGMO) of the DCX Group, as CoinDCX has announced.

Mumbai-based prop-tech startup JUSTO Realfintech has reportedly raised $7 Mn (approximately INR 58.8 Cr) from investment management firm Arbour Investments through a combination of equity and debt infusion.

Sunsure Energy announced that it has obtained Rs 226 crore in long-term debt financing from Tata Capital, the financial services provider subsidiary of Tata Sons.

Spolto, a sports-tech startup, has secured $1 million (approximately Rs 8.4 crore) in a seed round anchored by Andrew Johnston and other investors.