funding Alert

Turbostart today opened its Innovation Challenge to founders of early-stage AI startups and idea driven entrepreneurs. To commemorate its 4th anniversary and continued commitment to fostering innovation in Artificial Intelligence, Turbostart after carefully assessing the applications will invite 10 startups to pitch. Top three of these will be considered for an investment of up to INR 1 Cr

Digital lending and card management platform Vegapay has secured $1.1 million in a pre-Seed funding round led by Eximius Ventures, with participation from a number of other investors, including DSP HMK, Capri Global, Upsparks Capital, MGA Ventures, Climber Capital, Arun Venkatachalam (Murugappa Group), and Pratekk Agarwaal (General Partner at GrowthCap Ventures).

alicut based EV Startup chargeMOD (BPM Power Private Limited) has raised a 2.5 Cr from Phoenix Angels during their pre-seed investment round.

Shaktimaan.ai Secured $2 million in a seed funding round. YCombinator, Fundersclub, GoodWater Capital, Misbah and Nishchay (Founders of Jar), along with other angel investors, are among the well-known investors supporting the fundraising.

TIEA Connectors, a startup with its project titled "Commercialization of Micro-electronic Harsh Environment Connectors and Terminals" and incubated at the Society for Innovation and Development (SID) at the Indian Institute of Science (IISc), Bangalore, has Secured 3.81 crore as financial support out of the total project cost of 8.19 crore from TDB.

T-Hub, India's leading innovation ecosystem today announces the launch of second cohort of AIC T-Hub’s sustainability program tofoster innovation and drive sustainable solutions across the sector. The cohort, which comprises 23 cutting-edge startups, will undergo a 100-day intensive program aimed at fostering solutions to pressing sustainability challenges.

Gaming business MetaShot, based in Bangalore, receives $400K in a pre-Seed fundraising round from Inflection Point Ventures. An early-stage gaming-focused fund and well-known angel investors, including the creators of Dineout—Ankit Mehrotra, Sahil Jain, and Khalid Qazi—participated in the round as well.

Faad Network, India's leading early-stage fund, has led the seed funding round of 500,000 USD for Bluwheelz, India's pioneering EV fleet-as-a-service company. The funding round saw strong participation from Lets Venture, as well as from an esteemed group of High-Net-Worth Individuals (HNIs), a prominent family office, and marquee angel investors from both India and the United States.

The Creative, Cultural, and Creative (3C) sector in India has the potential to transform the lives of millions and become a sunrise industry for the country. It can create livelihoods that not only provide supplemental income but also respect and dignity; that do not require migration from villages into cities and avoids all the human misery that comes with migration. It can empower women in their own communities. Moreover, it can serve as a means to conserve our culture, traditional skills, and knowledge while creating products that are both environmentally friendly and socially responsible.

All Is Well, the first of its kind AI-enabled integrated fitness tech platform, raised $250k from Bharat Founders Fund and a group of angel investors, including Shantanu Deshpande (Founder CEO Bombay Shaving Company), Abhishek Banerjee (Bollywood Actor and Entrepreneur), Pradeep Parameswaran (RGM APAC Uber Mobility), Vijay Aggarwal (Ex-CTO BharatPe & Blinkit), Aarti Gill (co-founder Oziva), Sumit Jain (CEO Graphy and co-founder CommonFloor), and others.