[Funding roundup] Qarmatek, Un1Feed, AppX, MyCaptain, EduFund and others raise early stage rounds

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Revamped electronics startup Qarmatek raises $ 3 million led by GVFL, Caspian Debt

THEQarmatek Servizi Pvt. SrlTHE, a revamped and revamped electronics category, announced it has raised $ 3 million in a funding round led by GVFL (Gujarat Venture Finance Limited) and Caspian Debt.

In the preliminary phase, the funds will be used to expand and digitize operational capabilities, scale across key national markets, and make a foray into B2C operations with MOBEX, a Qarmatek brand that is emphatically customer centric.

Co-founders of Qarmatek

The investment will also enable Qarmatek to align with its broader vision of creating a technology-enabled circular economy for electronic waste in India, while improving the customer experience from sales to purchase touchpoints. Qarmatek intends to use a portion of the funds to create a technologically advanced all-purpose infrastructure that will ensure a seamless experience of an enriched B2C journey for the end user, while offering the best prices and exceptionally high quality products.

Tech startup Un1Feed raises $ 1 million in pre-seed round

Un1Feed, the tech startup founded by Hardik Patil And Ansh Nanda which allows users to override and tweak their social feed algorithm, raised over $ 1 million in a pre-seed round led by Neo, a community-focused venture capital fund based in Silicon Valley.

Other investors in this round include Tribe Capital, Great Oaks, Global Asset Capital, and angelic investors. Un1Feed plans to use this funding for product development and hiring.

AppX raises $ 1.3 million in its Y Combinator-led funding round

Startup based in Delhi AppX, which allows creators to run their online businesses from their showcase, raised $ 1.3 million in a recent funding round led by Y Combinator, Global Founders Capital, Rocket Internet, Soma Capital, Shrug VC, Lenny Rachitsky, James Beshara and TDV Partners.

The company plans to use the new funds to increase its product offerings to help more creators monetize, deploy their tokens, and expand internationally.

Co-founders of AppX

Founded in January 2020 by Sameer Sadana And Anuj Gupta, AppX helps its creators monetize via their own mobile applications and personal websites, where creators can manage their online businesses such as ebooks, courses, NFTs, and e-commerce businesses. The company currently targets creators with over 10,000 followers on platforms such as Instagram, Tiktok, Youtube, and other social media.

MyCaptain online mentoring platform raises $ 3 million in the pre-series A round

THEMy captainTHE, a Bengaluru-based startup focused on revisiting the future of work, raised $ 3 million in the pre-Series A round led by Ankur Capital. The round also saw the participation of IPV (Inflection Point Ventures), Firstport ventures, IIM Calcutta Angels Network, Singapore Angel Investors and other Super Angels.

Co-founded by Mohammed Zeeshan, Sameer Ramesh and Ruhan Naqash, MyCaptain, an online mentoring platform has become a platform where students can learn directly from young professionals, discover new career options and develop practical skills through over 30+ live cohort courses from beginner to advanced.

These courses range from content writing, social media management, fashion design to entrepreneurship and even advertising. As a market leader in the segment, MyCaptain has been able to train, guide and facilitate monetizable outcomes for over 150,000 paid students to date, coming directly from metropolitan cities like Bangalore to small cities like Guntur in Andhra Pradesh.

Local consumer electronics startup Mivi raises funding from N + 1 Capital Inbox

Mivi collected an undisclosed amount from N + 1 Capital in the debt financing round. The new capital will further strengthen the company’s internal capabilities, helping it expand its presence into new verticals.

Based in Hyderabad, Mivi is a unique company specializes in the audio gadget category, with its products ranging from TWS (True Wireless Earphones) to speakers to meet the audio needs of today’s tech-savvy, music-loving Indian population. Realizing the lack of high-quality, self-made audio gadgets in the Indian market, the brand strives to take its consumer electronics industry to the next level through its affordable high quality “Made in India” gadgets.

EduFund raises a $ 1 million seed round led by Anchorage Capital Partners

THEEduFundTHE, the first Indian company covering a child’s higher education path from saving (rupees and dollars) to immigration, raised $ 1 million in its initial round led by Anchorage Capital Partners, along with additional investment from ViewTrade Holding – Corp and other angelic investors. The funds will be used to increase product offering and expand market presence.

Founded in June 2020, EduFund provides a holistic planning tool to help each parent plan their child’s higher education path and reduce the financial burden associated with quality higher education.

Co-founders of EduFund

The company has entered into numerous consultant partnerships, including: OnCourse Global, Zsoldos Coaching, Reva Education Consultant and Overseas Education Consultancy. EduFund is also a registered investment advisor regulated by SEBI. In addition, it guarantees 100% privacy and confidentiality to keep users’ personal information safe. The company has also partnered with a major US broker-dealer to offer investments in US dollar-related products.

T-Hub Rs 5 Cr scholarships from Startup India Seed Fund

THET-hubTHE leading India’s pioneering innovation ecosystem, on Tuesday announced that it was selected under the Startup India Seed Fund Scheme by DPIIT, GOI to provide Rs 5 crore among eligible startups with the aim of supporting and nurturing early stage financing in startups.

With the aim of providing effective and value-oriented growth for startups, T-Hub this year announced that it has focused on providing funding avenues for its startups and receiving the Startup India Seed Fund is one of the steps towards this goal. The fund will be disbursed to eligible startups through debt instruments or convertible bonds. The fund will be used to provide financial assistance to startups for proof of concept, prototype development, product testing, market entry and commercialization.

T-Hub will pay this fund to 15 startups over three years.

The seed fund awarded to T-Hub is industry independent and will focus on supporting startups and technology innovations that are ready for the Minimum Viable Product (MVP) and need funds for their initial growth.

HUVIAiR raises $ 3.2 million in the Series A round led by Chiratae Ventures

HUVIAiR technologies raises $ 3.2 million in its Serie A round of financing, led by Chiratae Ventures. Other investors taking part in this round include SOSV, RMZ Management LLP and Artesian Venture Partners.

THEHuviairTHE is a pioneer in remote monitoring and management software for construction projects. Their flagship SaaS platform, CONSTRA, draws information from images and videos (of building exteriors and interiors) to help immensely during the planning, construction and inspection phases of construction projects.

With this new funding round, HUVIAiR plans to hire key people, create new product capabilities, scale customer acquisition in India and some strategic overseas markets, including the United States.

Get-A-Whey ice cream brand bags an investment of Rs 1 Cr in Shark Tank India

THETake a wheyTHE, a healthy ice cream brand founded by two brothers, Jash Shah and Pashmi Shah Agarwal, along with their mother Jimmy Shah, grossed an investment of Rs 1 crore for a 15% stake in the first edition of Shark Tank India.

Investors included Ashneer Grover, MD and co-founder, BharatPe; Aman Gupta |, CMO and co-founder, boAt; And Vineta Singh, CEO and co-founder of SUGAR Cosmetics.

Available in Mumbai, Pune, Delhi-NCR, Bengaluru, Surat, Hyderabad and Chennai in supermarkets, their website and online platforms, the brand is available in 12 international flavors and also sells four keto-friendly flavors.

Aerostrovilos Energy insures Rs 3.5 crore as part of its seed round

Aerostrovilos Energy, an organization incubated by IIT Madras and a Mumbai Angels portfolio company, secured the initial round of funding on Tuesday Rs 3.5 crore by Tube Investment of India, a Murugappa group company.

Working on the development of micro gas turbines (MGTs) with the National Center for Combustion Research (NCCR) at IIT Madras, Aerostrovilos Energy is building an MGT-based propulsion solution for heavy-duty trucks and low-cost power generation.

The company will use the funds to complete its solution, prototype production and a test run of MGT-based heavy-duty vehicles.


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