Insight

Machaxi, a sports business that utilizes technology, has secured Rs 4.8 crore ($580,000) in a pre-Series A funding round. The funding was primarily provided by Inflection Point Ventures.

Smartworks, a provider of co-working space solutions, has secured Rs 168 crore ($20.24 million) in funding from a consortium of investors, which includes Keppel, Ananta Capital Ventures Fund I, Plutus Capital, family trusts, and high-net-worth individuals (HNIs).

GalaxEye Space, a startup in the field of space technology, has entered into an agreement with Innovations for Defence Excellence (iDEX) to develop a multi-sensor fusion processing system for small satellites.

Krishna Jha has been chosen as the venture partner for the InnovateX Fund at Equirus Capital.

Creatio, a low-code software platform for customer relationship management, has successfully raised $200 million in a recent fundraising round, resulting in a valuation of $1.2 billion. This places Creatio in direct competition with the industry leader, Salesforce.

Flipkart, a prominent e-commerce company, has introduced a comprehensive payments interface application called Super.Money. This app aims to provide users with a range of digital financial services, including payments, credit, deposits, and more.

Bright Machines, a startup specializing in software and robotics, announced on Tuesday that it has secured $106 million in funding through a Series C round. Notably, investors in this round include Nvidia and Microsoft.

The pre-Series A round of funding for the social networking app O hi has secured Rs 8 crore (about $1 million). The funding was primarily led by current investors JIIF, with additional involvement from prominent angel investors.

Novavente, a consulting firm, has successfully secured $3 million in funding through an investment round spearheaded by Highbrow Securities.

A platform for obtaining gold loans through the Internet Rupeek has successfully raised Rs 125 crore (roughly $15 million) in primary fundraising from Elevation Capital.