TiE Mumbai

Matel Motion and Energy Solutions Pvt Ltd, a Mobility and energy solutions startup has secured $4 million in its Series A funding round, led by Transition VC. The round also saw participation from Gruhas and Haresh Abichandani. As per the startup, the funds will be used to expand the team, which is currently sized 60 people, with hiring focused on doubling the research and development (R&D) team. Founded by Mahesh Toraskar, Sunil P., and Netaji C Patro in the year 2017, Matel manufactures synchronous machines and motor controllers for e-mobility, industrial applications, agricultural pumping, and the HVAC sector. #investment #funding #venture

Bengaluru-based Tiger Global-backed logistics services provider Porter, founded in 2014 by Pranav Goel, Uttam Digga & Vikas Choudhary, has turned into a unicorn. Intra-city logistics is an INR 3 lakh crore market. Porter strives to improve the lives of over 2 lakh owner-drivers by providing them with consistent earnings & independence. #investment #funding #venture #Unicorn

Infurnia, a cloud-native architecture design software startup, has secured $1.2 million in an angel round led by Yogesh Chaudhary, an existing investor and owner of Jaipur Rugs. As per the startup, the funding will now be used to expand its market presence in newer geographies besides continued product development of its flagship design product and the upcoming manufacturing solution. Founded by Nikhil Kumar and Lovepreet Mann in 2014, Infurnia provides a cloud-based platform for professionals to design buildings, interiors, and modular kitchens. #investment #funding #venture

Highperformr.ai, a marketing SaaS startup has secured $3.5 Million in a seed funding round led by Venture Highway, with participation from The Neon Fund, Matrix Partners India-anchored DeVC, and other angel investors. As per the startup, the fresh funds will be deployed to further the startup’s research and development activity, build its native AI capabilities, and expand its distribution network globally. Founded by former Freshworks executives Ramesh Ravishankar and Srivatsan Venkatesan in July 2023, Highperformr.AI leverages generative AI and LLMs for a social media management platform that helps businesses maximize return on investment (ROI) from social media campaigns. Avnish Bajaj #investment #funding #venture

B2B cross-border e-commerce platform BEYOBO has raised Rs 6.7 crore in its pre-Series A2. The round has been led by Indian Angel Network and saw participation from International Startup Foundation, SAN Angels along with angels and HNIs. The proceeds will be used to bring more international brands to the Indian market and tech platform upgrades. Founded by Anil Agrawal, BEYOBO is an online marketplace where it acts as a gateway for Indian SMEs who want to import goods from other global markets. It also facilitates foreign brands and sellers who want to expand their reach in the Indian market, both online and offline. #investment #funding #venture

SS SUPPLY CHAIN SOLUTIONS PRIVATE LIMITED (3SC) has raised Rs 31 crore (approximately $4 million) from existing investors GEF Capital’s South Asia Growth Fund. The company will use these funds for growth and expansion. Established in 2012 by Lalit Das and Sarita Das, 3SC provides supply chain service, catering to a diverse array of industries such as pharmaceuticals, healthcare, industrials, FMCD, FMCG, and e-commerce. It also delivers supply chain analytics solutions to businesses. #investment #funding #venture

Treacle Technologies Private Limited, a cybersecurity startup, has secured Rs 4 crore in its pre-seed funding round led by Inflection Point Ventures (IPV). As per the startup, the funding will be used to enhance its technical and business development, marketing and office expenses, and partnerships. Further, the startup will use the funds for its expansion in the Indian market. Founded by Subhasis Mukhopadhyay, Subhajit Manna, and Partha Das, Treacle’s AI-based deception technology provides advanced protection by analyzing attacker behavior, diverting them into mirage networks, and issuing early warnings to SOC analysts. #investment #funding #venture

Deep tech AI startup Myelin Foundry has secured $4 million in a new funding round from SIDBI Venture Capital Ltd (SVCL). The funding round also saw participation from several investors, including Endiya Partners, Pratithi Investments Trust, and Subh Labh. As per the startup, the funding will now be used to strengthen its platforms and support its expansion into international markets. Further, the startup will use the funds to solidify its position as a leader in the edge AI space. Founded by Dr. Gopichand Katragadda and Ganesh Suryanarayanan in January 2019, Myelin Foundry deploys artificial intelligence (AI) in real-time at the edge to provide unparalleled video and audio experiences and outcomes. #investment #funding #venture

Agritech startup Superplum has raised $15 million in its Series A financing round led by Erik Ragatz, former partner and current senior advisor of private equity firm Hellman & Friedman. Ragatz joins a group of Superplum’s current investors including Mark Siegel, Dan Rose, Steve Jurvetson, Rick Kimball, Binny Bansal, and Kabir Misra. The funds will enable Superplum to continue to build out its infrastructure and accelerate its journey to transform produce supply chains in India. Started in 2019 by Shobhit Gupta, Superplum has built a direct-from-farm produce supply chain, using proprietary technology and cold-chain infrastructure to improve how produce is grown and brought to market. The company extends shelf lives and enhances fruit quality, reducing food waste and improving farmer incomes. #investment #funding #venture

Kyari (A Brand of Select), an Indore-based consumer brand, bagged $778,805 (Rs 6.5 crore) in a pre-Series A funding round led by Agra Gwalior Pathways and Airen Holdings. The funding round also saw participation from Amit Kumat from Prataap Snacks, Rajesh Patel from Apricot Foods, Sawan Laddha from Workie, We Founder Circle (WFC), IVY League Ventures, and Jito. As per the startup, a significant portion of the raised capital will be used to increase its brand presence and develop growth initiatives. Additionally, part of the capital will support the introduction of new brands into the Select Brands’ portfolio. Founded by brothers Agam Choudhary and Saksham Jain in 2022, Kyari is an Indore-based home decor brand that offers a variety of home-grown plants through its D2C platform.  #investment #funding #venture