The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like B2B Sales, Foodtech, Healthcare, Cleantech & Manufacturing marking another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed to Series A to New Funding round.

Sector: B2B sales

Funding Round: Pre-Seed

Startup: Revrag

Established Year: 2022

Funding News: AI-based Sales Startup 'Revrag' nets $600K from Powerhouse Ventures

In a pre-Seed funding round led by Powerhouse Ventures, B2B sales Startup Revrag received $600,000 in funding.

Investors: Powerhouse Ventures, Viral Bajaria, CRED Founder Kunal Shah, Deepak Anchala, Vetri Vellore

In a press release, Revrag stated that the proceeds will be used to launch its AI-BDR product, focus on business operations like sales and marketing, and explore numerous additional territories.

Revrag, which was co-founded by Ashutosh Prakash Singh, Neeraj Gupta, and Pankaj Gupta in 2022, aims to empower revenue teams by automating redundant tasks and increasing sales efficiency as a whole. Its first product, an AI-BDR, will be available soon and aims to change the way businesses approach revenue generation.

In Revrag, they are building AI agents that tends to turn the good sellers into great sellers. The company utilize their AI Agents as their AI agents who cut down the repetitive work of sellers, propels their prospects, draft high ended and personalized emails and manages the areas where sales can be very tough.

Sector: Foodtech

Funding Round: Series A

Startup: Zoff

Established Year: 2018

Funding News: Premium Spices Startup 'Zoff' lifts 40 crore in Series A

Zoff, a startup providing premium Indian spices has successfully secured 40 crore ($4.8 million). Previously the startup has raised funding in Shark Tank India from Aman Gupta, the Co-Founder of boat.

Investors: JM Financial Private Equity via JM Financial India Growth Fund III

The raised funding will be utilized to launch new products and services and extend the business footprints into a fresh segment such as condiments, cooking pastes & seasoning kits, ready-to-cook spices, and reinforce its distribution network for offline services through general trade, contemporary trade channels and many other retail outlets, the startup noted in a press release.

According to the Raipur-based company, it has a fully automated manufacturing unit which utilizes cold grinding technology to preserve the flavor and aroma of raw spices. The brand claims that its multi-layered ziplock packaging ensures the spices remain fresh for an extended period.

Established by Akash & Ashish Agrawal, Zoff focusses in high quality spices. The startup provides a selected array of spices, dry fruits & wholesome food products. It specializes on offering high ended and quality ingredients that upraise the culinary creation, health and taste of the consumers.

Sector: Healthcare

Funding Round: New Funding round

Startup: Even Healthcare

Established Year: 2020

Funding News: Even Healthcare grabs $20 million in Funding led by Khosla Ventures

After a certain gap of 20 months, Even Healthcare - a healthcare company based in Bengaluru - has secured fresh funding amounting to 169 crore which is equivalent to around $20 million.

Investors: Khosla Ventures.

Khosla Ventures led the funding round with an investment of 83.4 crore, or $10 million, while Pathfinder and Mercury Fund contributed 21.3 crore and 26.9 crore, respectively. Simon Fiduciaria, DLB Ventures, Lex Italia, 8 VC, Rainmatter Fintech, and other investors collectively provided the remaining amount.

It's notable that Khosla Ventures has been highly supportive of Even Healthcare, having led the firm’s Seed and Series B rounds, and also made a substantial contribution to its Series A round.

Founded by Mayank Banerjee, Matilde Giglio, and Alessandro Lalongo, Even also offers personalized managed care programs and provides Even cards for paying bills at its partner hospitals and labs. The company asserts that its service offers an edge over traditional medical insurance by including unlimited OPD consultations and diagnostics.

Sector: Clean tech

Funded Round: New Funding round

Startup: Yotuh Energy

Established Year: 2022

Funding News: Clean tech Startup 'Yotuh Energy' gains 1.53 crore from Campus Angels Network

Yotuh Energy, a clean technology startup that specializes in electrifying vehicle refrigeration systems for mid-mile and last-mile cold chain logistics, has raised 1.53 crore rupees in a funding round.

Investors: Campus Angels Network

Yotuh Energy was incubated at IIT-Madras. Yotuh Energy received grants and awards from the Ministry of Agriculture, DST, MeitY, Acumen, ACIR (US Embassy to India), IIT Madras Incubation Cell, and Daimler India Commercial Vehicles when it was founded in 2022 by IIT Delhi alumni Vivek Mahindrakar, Shaivee Malik, and Dharmik Bapodara. The electric active refrigeration system made by Yotuh Energy makes use of a proprietary adaptive control technology and is powered by a Lithium-Ion battery.

Expressing to this, Dharmik Bapodara, Co-Founder, Yotuh Energy says, “Our goal is to make cold chain logistics more accessible, affordable, and sustainable, steering us towards a future driven by innovation and advanced technologies in refrigeration system”.

As an advisor to Yotuh Energy Vinod Dasari, Former Managing Director of Ashok Leyland and Ex-CEO of Royal Enfield. Dasari states, “Yotuh Energy’s pioneering electric refrigeration technology represents a major advancement in cold chain logistics. Their focus on sustainability and efficiency is exactly what the industry needs to move forward, and I am excited to see how their solutions will transform the market.”

Sector:  Manufacturing

Funding Round: New Funding round

Startup: Livpure

Established Year: 2012

Funding News: Wellness-focused Startup 'Livpure' gains 28 million from two Notable Investors

Through its Catalyst investment strategy, Livpure, a manufacturer of air conditioners and water purifiers, has raised approximately 28 crore. According to Livpure’s press release, the proceeds will be used to accelerate category expansion, product development, product expansion, product offerings, market presence, and consumer needs in the home category.

Investors: Ncubate Capital Partners & M&G Investments

Livpure, which was established by Rakesh Malhotra and Navneet Kapoor, sells, among other things, air coolers, kitchen appliances, mattresses, sleep accessories, air purifiers, and subscription-based water purifiers.

According to startup data intelligence platform TheKredible, as of the most recent funding round, Navodhyam Trust, which is owned by the founders, held more than 50% of the company, followed by Lakshya Holding, which held more than 10%.

To date, it has raised nearly $80 million. Livpure competes with DrinkPrime, a startup funded by venture capital that recently raised $3 million under the leadership of SIDBI Venture Capital. Omidyar Network India and Peak XV’s Surge are two other notable investors in DrinkPrime. Livpure faces well established competitors like Eureka Forbes’ Acquaguard and ZunPure in the subscription model.