Accel
FinX and FirstClub Raise Early-Stage Funding
The startups listed below have disclosed investment rounds.
RapidCanvas Raises USD 16 Mn to Accelerate AI Innovation in Business Operations
The new capital will fuel the expansion of its innovative offerings and global reach.
Haber Secures USD 44 Mn in Series C Round to Drive Global Expansion
Accel remains the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation.
Ex-Swiggy CTO and Former Kotak VP Unite to Empower Individual Traders with Sahi
Sahi offers proprietary trading tools with in-house charts, AI-driven insights, visual risk management, integrated market data, and a customisable interface, empowering traders with secure, reliable, and personalised trading experiences.
Big Wins for Startups: Key Funding Highlights (Nov 30–Dec 6)
The first week of December saw the funding activity across a variety of sectors, showcasing the resilience and innovation of Indian startups. Here's a detailed roundup of the most notable deals from this period:
Orange Health Labs Secures USD 12 Mn Funding Led by Amazon Smbhav Venture Fund
The Bengaluru-based platform aims to deploy the fresh funds to accelerate product expansion, bolster team growth, and foster innovation in diagnostics.
Swish and Theranautilus Raise Early-Stage Funding
The Indian startups listed below have disclosed investment rounds.
The Good Glamm Group Completes 100% Acquisition of The Moms Co.
In October 2021, The Good Glamm Group had acquired a majority stake in The Moms Co. through a cash and stock deal, which resulted in partial exits for the brand's founders and full exits for investors like DSG Capital and Saama Capital.
Edtech Platform Eruditus Secures USD 150 Mn from TPG's The Rise Fund, Existing Investors Increase Stakes
The company plans to deploy the raised funds to expand globally, invest in AI technology, grow its business in India and APAC, and explore acquisitions and investment opportunities to support its growth strategy.
Simplismart Secures USD 7 MN Series A Funding Led by Accel to Scale Enterprise MLOps Platform
The funding will be used to enhance the company's R&D efforts and drive the growth of its enterprise-focused platform, which helps organisations fine-tune, deploy, and monitor machine learning models at scale.
AI-Driven Robotics Startup Haber Nets Raises USD 38 Mn Funding Led by Creaegis, with Support from Accel and BEENEXT
Founded in 2017 by Vipin Raghavan, Arjunan PN, and Priya Venkat, Haber Nets offers AI-powered industrial robots designed to streamline sample collection, measurement, analysis, and intervention tasks in factories.
JetSynthesys Welcomes Nikhil Kamath, Ankit Nagori, and Prashanth Prakash as Franchise Owners for GEPL Bengaluru Team
The second season of the league, which is set to take place in early 2025, will see Zerodha co-founder Nikhil Kamath, Curefoods founder Ankit Nagori, and Accel partner Prashanth Prakash stepping into the role of franchise owners.
Indifi Co-Founder Siddharth Mahanot Exits Indifi After 9 Years, Alok Mittal and Sangram Singh to Lead
After the changeover, it is anticipated that Sangram Singh, the recently appointed chief executive officer (CEO), and another Co-founder, Alok Mittal, will take on leadership roles.
Myntra and Cultfit Co-Founder Mukesh Bansal's Nurix AI Raises USD 27.5 Mn From Accel and General Catalyst
The Bengaluru-based startup will use the raised capital to enhance technology, expand R&D, and scale operations in Asia and North America, focusing on partnerships with AI hardware and product companies.
Accel and Beenext Back Data Intelligence Platform e6data with USD 10 Mn Series A to Drive Data Platform Innovation
The California-and Bengaluru-based startup plans to use the funds to enhance its research and development (R&D) efforts, expand client onboarding, and scale its hiring.