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Storyblok Secures $80M in Series C Funding to Propel AI-Driven Content Management for Enterprises

By
Garima Bansal
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0

In 2017, Storyblok embarked on a mission to redefine content management systems (CMS) for all teams, and today, with over 200,000 developers and marketers in its community, the company takes a monumental step towards its vision of creating the first end-to-end content platform powered by AI and automation. This ambition is bolstered by the announcement of $80 million in Series C financing, marking a significant milestone for Storyblok and bringing its total funding to $138 million.

Brighton Park Capital led this funding round, marking Storyblok’s first US investor and reflecting its commitment to expansion in the region. Kevin Magan, Partner at Brighton Park Capital, highlights Storyblok’s leadership in the CMS space, enabling marketers and developers to efficiently create content experiences across multiple channels. Existing investors, including HV Capital, Mubadala Capital, 3VC, and firstminute capital, also reaffirmed their support, underscoring their belief in Storyblok’s potential to shape the future of content management.

With this infusion of capital, Storyblok is poised to introduce groundbreaking advancements, including the launch of the Ideation Room in Beta. This collaborative environment, powered by AI, empowers users to bring their ideas to life, aligning with Storyblok’s commitment to user-centric content creation.

Since its $47 million Series B funding nearly two years ago, Storyblok has experienced remarkable growth, attracting leading brands like Adidas, T-Mobile, Renault, and Oatly to its platform. The Series C funding will drive further innovation, with a focus on leveraging AI and automation to enhance content creation and delivery throughout the entire content lifecycle.

CEO and Co-Founder Dominik Angerer emphasizes Storyblok’s dedication to providing teams with AI and automation tools to extract value from their content swiftly. With this latest funding round, Storyblok embarks on a revolutionary phase of its journey, poised to unveil transformative advancements that will shape the future of content management.

As Storyblok continues to push the boundaries of innovation, its commitment to empowering teams and delivering exceptional content experiences remains unwavering. The $80 million Series C funding sets the stage for Storyblok to redefine the landscape of content management, offering a glimpse into a future where AI-driven solutions drive efficiency, creativity, and success for enterprises worldwide.

Greptile Secures $4M Funding to Revolutionize AI-driven Code Understanding

By
Garima Bansal
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0

Greptile, a startup founded by recent grads from Georgia Tech, is changing how AI helps developers understand code. While other AI tools focus on writing code, Greptile’s unique twist is making it easier to understand existing code.

Instead of just chatting with a bot, Greptile lets developers connect to their code and ask questions using a special tool. Imagine having a super-smart coworker who knows all about your codebase.

The CEO, Daksh Gupta, explains that their tool works like this: first, you connect your code repositories. Then, you can ask questions in plain language, like “How does the login system work?” The AI then digs through your code to find the answer.

Greptile started last year after the founders came up with the idea at a hackathon. They quickly got customers and even joined a startup program called Y Combinator. But they admit they made mistakes at first, like focusing too much on impressing investors instead of solving real problems.

Now, Greptile has 500 paying customers, including individuals and big companies. They want to keep growing and help even more software teams understand their code better.

The $4 million funding round, led by Initialized Capital and supported by industry experts, shows that Greptile’s approach has real promise. It’s a sign that AI-powered code understanding could be the next big thing in software development.

Holani Group: Pioneering SME-focused Investments

By
cxolane
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0
Ashok Holani

Exciting news from the startup ecosystem! 🚀 Holani Consultants Private Limited has secured ₹184 crore for their new SME-focused venture capital fund, marking a significant step in supporting innovation and entrepreneurship in India. 🌟

Holani Group, founded by the visionary Ashok Holani, continues to make strides in the financial sector with its sector-agnostic strategy and meticulous risk management. Their focus on SMEs is truly transformative, providing much-needed support to this vital segment of the economy.

The fund aims to create long-term value for clients and foster economic growth, showcasing Holani Group’s commitment to driving progress and development. 💼

𝐌𝐨𝐭𝐢𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐕𝐢𝐬𝐢𝐨𝐧

The main motivation behind the establishment of Holani Group was to bridge the financial gap for SMEs and startups. The founders envisioned a platform that not only provides financial assistance but also offers strategic advisory services to foster growth and innovation. Their goal was to create long-term value for clients while contributing to the broader economic development of India.

𝐈𝐧𝐢𝐭𝐢𝐚𝐥 𝐒𝐭𝐫𝐮𝐠𝐠𝐥𝐞𝐬

In its early years, Holani Group faced significant challenges, including gaining trust in a competitive market dominated by established players. Building a diverse portfolio and attracting high-net-worth individuals (HNWIs) and institutional investors required consistent performance and a strong reputation. The founders’ perseverance and dedication to ethical practices gradually helped them overcome these hurdles.

𝐊𝐞𝐲 𝐔𝐒𝐏𝐬

Holani Group’s success can be attributed to several key unique selling propositions:

𝐒𝐞𝐜𝐭𝐨𝐫-𝐀𝐠𝐧𝐨𝐬𝐭𝐢𝐜 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲: The firm employs a sector-agnostic approach, allowing it to diversify investments and reduce risks.

𝐏𝐫𝐮𝐝𝐞𝐧𝐭 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: Meticulous research and prudent risk management are core to their investment strategy, ensuring sustainable growth for their clients.

𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐒𝐌𝐄𝐬: By concentrating on the SME sector, Holani Group taps into a market segment often overlooked by larger financial institutions.

𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬: Offering a wide range of services, from IPO management to business valuation consultancy and financial advisory, makes Holani Group a one-stop solution for financial services.

𝐌𝐚𝐣𝐨𝐫 𝐂𝐥𝐢𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭𝐬

Holani Group has managed to attract a diverse clientele, including corporates, institutional investors, family offices, and foreign investors. They have an impressive track record, having supported valuations for over 100 private placement transactions and handling numerous SME IPOs on the BSE SME and NSE Emerge platforms.

#Startups #Entrepreneurship #VentureCapital #SMEs #Innovation #EconomicGrowth #HolaniGroup #Funding #Finance #AshokHolani

Testsigma Raises $8.2 Million in Funding Round Led by MassMutual Ventures

By
Garima Bansal
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0

Testsigma, an AI-based low-code test automation platform, has successfully secured $8.2 million in funding, with MassMutual Ventures leading the investment round. Existing investors Accel, STRIVE, and BoldCap also participated in the funding round. This latest funding round marks a significant milestone for Testsigma, following its previous funding of $4.6 million in 2022, which was led by Accel, with contributions from STRIVE and BoldCap.

Founded in 2019 by Rukmangada Kandyala, Pratheep Velicherla, Vikram Chaitanya, and Rajesh Reddy, Testsigma offers a cutting-edge Gen AI-powered, low-code test automation platform. This platform empowers quality engineering teams to automate tests rapidly and at scale, even without coding expertise.

Testsigma’s platform enables users to create, organize, and execute automated tests for web and mobile applications, as well as APIs, using plain English through its innovative NLP (Natural Language Programming) engine.

The company boasts an impressive clientele, which includes renowned organizations such as Sage, HPE, Netgear, HDFC Life, IEEE, SignEasy, American Psychological Association, and Mehiläinen.

With the latest funding infusion, Testsigma is poised to further enhance its platform capabilities and expand its market reach. The investment reaffirms investor confidence in Testsigma’s innovative approach to test automation, positioning the company for continued growth and success in the rapidly evolving software testing landscape.

Fibe Secures $66 Million Series E Funding Led by TPG’s The Rise Fund

By
Garima Bansal
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0

Pune-based digital lending platform Fibe, formerly known as EarlySalary, has successfully concluded its Series E funding round, raising Rs 547 crore ($66 million). Spearheaded by TPG’s The Rise Fund and Kabira Holdings, this investment marks a significant milestone for the company, representing its first major funding in the past two years.

The Rise Fund led the round with an investment of Rs 133 crore ($16 million), followed by Kabira Holdings with Rs 125 crore ($15 million). Other notable participants include Eight Road Ventures, Norwest Capital, Trifecta, Amara Partners, and Chirate Ventures. The funds raised will be utilized for Fibe’s expansion and growth initiatives, as outlined in the company’s business plan.

Following this funding, Fibe’s valuation is estimated to be approximately $590-600 million, marking a substantial increase from its previous valuation of $350 million during the Series D round. TPG’s The Rise Fund now holds a 22.72% stake in Fibe, with other investors also securing significant ownership stakes.

Previously, Fibe had raised $110 million in its Series D round, led by TPG’s The Rise Fund and Norwest Venture Partners. With total funding exceeding $200 million to date, the company is poised for further growth and expansion.

In the fiscal year ending March 2023, Fibe reported a significant increase in operating revenue, reaching Rs 414 crore. However, the company also experienced a surge in losses, which amounted to Rs 36 crore during the same period. Despite facing competition from other consumer lending firms, Fibe remains focused on enhancing its market position and delivering innovative lending solutions to its customers.

Saguaro Biosciences Secures $3M Seed Funding to Propel AI-Enhanced Cell Analysis Platform

By
Garima Bansal
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0

Quebec City, Canada – Saguaro Biosciences, a pioneering developer of live cell reagents for AI-enhanced discoveries, has announced the successful completion of a $3 million Seed funding round. The round was led by AQC Capital and Anges Québec, with notable participation from Martin Leblanc, Co-Founder and Vice-Chairman of CellCarta Biosciences, along with investments from Investissement Quebec and Ville de Québec.

This funding infusion is earmarked to fuel the commercial expansion of ChromaLive™, Saguaro Biosciences’ cutting-edge reagent platform. ChromaLive™ empowers researchers with time-sensitive imaging and AI-enabled analysis capabilities, revolutionizing the study of cell biology.

Under the leadership of CEO Louis Turcotte, Saguaro Biosciences is committed to advancing life sciences through innovative reagents tailored for AI-driven cell analysis. The flagship product, ChromaLive™, has garnered attention from major pharmaceutical companies, positioning Saguaro Biosciences as a key player in the field of cell biology research.

The platform’s ability to demystify cell biology and expedite the discovery of new therapies underscores its potential to revolutionize the life sciences industry.

Louis Turcotte expressed gratitude for the investors’ support and outlined plans to leverage the seed funding to drive commercial expansion and further enhance ChromaLive™’s capabilities. By empowering researchers with advanced tools for AI-driven cell analysis, Saguaro Biosciences is poised to unlock new frontiers in biomedical research and drug development.

Alysio Secures $3.3 Million Seed Funding to Revolutionize GTM Performance with AI-driven Platform

By
Garima Bansal
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0

Salt Lake City, UT – Alysio, a leading provider of Go-To-Market (GTM) Performance Platform solutions, has announced the successful completion of a $3.3 million seed funding round, led by Kickstart Fund. The round saw participation from prominent investors including R-Squared Ventures, SaaS Ventures, Capital Eleven, Upstream, Philo, Service Provider Capital, and Spacestation Investments.

This investment underscores Alysio’s commitment to empowering GTM teams (sales, customer success, marketing) with advanced analytics and AI-driven insights, aiming to unlock new levels of productivity and revenue generation. Aaron McReynolds, Co-Founder and CEO of Alysio, expressed confidence in the company’s ability to leverage AI to enhance user experience while simplifying revenue tracking processes.

Ryan Harris, COO and co-founder of Alysio and Aaron McReynolds, Co-Founder and CEO of Alysio

Alysio’s GTM Performance Platform streamlines GTM processes, providing organizations with real-time performance intelligence to optimize strategies and drive revenue growth. The seed funding will fuel Alysio’s expansion efforts, enabling the company to scale operations, enhance product features, and broaden its market reach. Alysio plans to invest in research and development to further refine its AI algorithms and introduce new functionalities, cementing its position as a leader in the GTM space.

Ryan Harris, COO of Alysio, expressed gratitude for the support of esteemed investors and outlined plans to accelerate platform development, expand the team, and reach new organizations and verticals.

Alysio’s platform addresses common challenges faced by GTM teams, including reduced headcount, quota attainment issues, and ROI scrutiny. By tracking revenue-generating activities (RGAs) and optimizing performance indicators, Alysio empowers teams to drive exceptional results and enhance productivity.

With an innovative 10-points a day approach to performance and a unique use of KPI data, Alysio enables managers to effectively motivate teams, drive engagement, and improve overall performance. Alysio emerges as a valuable partner, providing the tools and insights needed to navigate evolving GTM challenges and achieve sustainable growth.

Scimplify Set to Raise $5 Million in Latest Funding Round

By
Garima Bansal
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0

Scimplify, a Bengaluru-based startup specializing in the sourcing and manufacturing of specialty chemicals, is gearing up to raise a new round of funding amounting to $5 million. This fresh injection of capital comes just six months after the company’s previous funding round.

According to insiders familiar with the matter, Omnivore is leading this latest funding round, with existing investors also showing strong interest by doubling down on their investments. Scimplify had previously secured $3.67 million in its seed round from prominent investors such as 3one4 Capital and Beenext in December of the preceding year.

Co-founded by Salil Srivastava and Sachin Santhosh, Scimplify operates as a comprehensive business-to-business (B2B) fulfillment platform, catering to various industries including pharmaceuticals, personal care, and agrochemicals. The company offers end-to-end solutions spanning the entire product lifecycle, from contract research to commercial manufacturing.

During its previous fundraising efforts, Scimplify had outlined ambitious plans for expansion, aiming to extend its operations to 20 countries and diversify into four new chemical categories. Presently, the company boasts manufacturing facilities in key locations such as Karnataka, Hyderabad, and Gujarat. The impending deal is expected to value Scimplify within the range of $20-25 million, indicative of the confidence investors have in the company’s growth prospects.

Omnivore’s keen interest in Scimplify’s product portfolio, particularly in the agrochemical sector, underscores the strategic significance of the company’s offerings in addressing critical needs within the agricultural value chain.

Scimplify faces competition from peers such as Atomgrid and Covvalent in the specialty chemicals space, each vying for a share of this rapidly expanding market. With the support of Omnivore and other strategic investors, Scimplify is poised to capitalize on emerging opportunities, driving innovation and sustainable growth within the specialty chemicals industry.

PV Sindhu Joins Greenday’s FMCG Brand as Investor

By
Garima Bansal
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0

Greenday, an agritech startup, has announced badminton player PV Sindhu as an investor and brand ambassador for its FMCG brand Better Nutrition. Founded in 2017 by Prateek Rastogi and Aishwarya Bhatnagar, Greenday incentivizes farmers to cultivate nutrition-dense crops high in essential micronutrients such as iron, zinc, vitamin A, and vitamin D.

With the new funding, Greenday aims to expand its NutriFarms initiative and enhance its biofortification technology. The Lucknow-based company also plans to bolster its distribution network and broaden its presence across various crops. Earlier in 2022, Greenday secured funding from IIMA Ventures and a group of angel investors. The company endeavors to combat vitamin deficiencies in India through biofortification, a mission underscored by its collaboration with Sindhu.

Greenday currently operates approximately 75 agri-input outlets and procurement centers nationwide under the Greenday ‘Kisan Ki Dukan Brand’. Its FMCG brand Better Nutrition utilizes biofortification to enhance crop nutritional content from the seed stage, offering a diverse range of products including biofortified Atta, Rice, Bajra, Ragi, and Makka.

Prateek Rastogi expressed the company’s ambitious goals, stating, “We currently collaborate with 15,000 farmers and want to dramatically expand our activities. Our goal is to expand across multiple locations and crops. With our revenue currently above INR 10 crore, we expect the nutrition-dense farming and staples sector to grow to around INR 2000 crore by 2030, with Greenday at the forefront of this expansion.”

Greenday not only provides biofortified seeds to farmers but also purchases produce directly from them at a premium price. The company has forged partnerships with FMCG brands, mill owners, and government agencies to establish a supply chain for advanced biofortified agricultural produce.

Greenday competes with companies like Bengaluru-based Agrizy and Gurgaon-based Agrowave. With PV Sindhu’s endorsement and investment, Greenday is poised to accelerate its mission of promoting nutrition-dense farming and addressing vitamin deficiencies in India.

AstroTalk Secures $9.5 Million at $300 Million Valuation

By
Garima Bansal
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0

Online astrology platform AstroTalk has raised Rs 78.3 crore or $9.5 million in an extension of its Series A round from existing investors Left Lane Capital and Elev8 Capital.

A special resolution passed by the board at AstroTalk authorizes the issuance of 5,067 compulsory Convertible preference shares, raising Rs 78.3 crore or $9.5 million, as indicated in its regulatory filing accessed from the RoC.

Left Lane Capital contributed Rs 58.3 crore, while Elev8 Capital participated with Rs 20 crore. This extension appears to be part of a larger fundraising effort, with AstroTalk reportedly in discussions to raise $30 million. TheKredible’s estimates peg the company’s valuation at around Rs 2,478 crore or $300 million post-money, reflecting a 33.3% increase from its previous round. The valuation is expected to rise with the influx of funds.

AstroTalk has raised a total of Rs 172 crore to date, including Rs 166 crore or $20 million in its Series A round in February. The platform, boasting 13,000 astrologers, tarot readers, numerologists, and Vastu experts, allows users to consult experts for future predictions related to marriage, love life, career, and health, among other areas.

In FY23, AstroTalk demonstrated robust financial performance, with revenue surging 146% to Rs 283 crore, accompanied by a 41.7% increase in profits to Rs 8.5 crore. Based on the current average revenue run rate, the company is projected to conclude FY24 with Rs 650 crore in revenue and Rs 100 crore in profit. However, audited financial results for FY24 are pending.

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