Accel: Page 2

News and Trends

Fashion Startup NEWME Secures USD 18 Mn Series A Funding Led by Accel

The Bengaluru-based brand aims to deploy the raised funds to expand its omnichannel presence, establish offline stores, enhance supply chain efficiency, and invest in innovation and talent in fashion-tech.

News and Trends

This Week's Best Startup Funding: July 6–12

Here is a list of the startups that have raised the most money this week, from July 6 to July 12.

News and Trends

Simplismart Set to Raise USD 7 Mn Funding Led by Accel

The Bengaluru-based startup was also selected for the AWS ML Elevate program launched by AWS and Accel in July 2023, joining 35 generative AI startups from India.

News and Trends

Dezerv Raises INR 265 Cr in Series B Funding Led by Premji Invest

The Mumbai-based startup plans to invest in new investment strategies, enhance its technology platform, and hire specialists for growth.

News and Trends

Shivalik Small Finance Bank Secures INR 100 Cr from Lightspeed, Sorin Investments

The bank aims to use the funding to enhance its tech stack, strengthen its team, and further develop the product proposition.

News and Trends

Test Automation Startup Testsigma Raises USD 8.2 Mn led by MassMutual Ventures

Founded in 2019, Testsigma is a Gen AI-powered, low-code test automation platform that helps quality engineering teams to automate tests at speed and scale without coding expertise.

News and Trends

Real Estate Decarbonisation Platform Accacia Raises USD 6.5 Mn in Pre-Series A Led by Illuminate Financial

Southeast Asia-based AC Ventures, along with existing investors Accel and B Capital, also participated in the round.

News and Trends

Compliance Automation Startup Sprinto Secures USD 20 Mn from Accel, Elevation Capital, and Blume Ventures

The San Francisco and Bengaluru-based platform aims to deploy fresh funds for R&D, with a sharp focus on intelligent automation and AI, and expand into new markets.

News and Trends

AI Platform RapidCanvas Secures USD 7.5 Mn Funding Led by Accel

With the raised funds, RapidCanvas aims to fuel both customer acquisition through go-to-market and commercial team expansion and customer retention through R&D investments.

News and Trends

Workflow Automation Platform Nanonets Raises USD 29 Mn in Series B Led by Accel

With this most recent round of fundraising, Nanonets has now raised USD 40 million in total. The startup had raised USD 10 million in a Series A funding round in 2022.

News and Trends

AI Startup Ema Raises USD 25 Mn Led by Accel, Section 32 and Prosus Ventures

The startup aims to deploy the funds for R&D, to create new products and improve its current line of offers. A portion of the funds will also be used to establish the company's go-to-market strategy.