Startups continue to dominate the mind of Indian youngsters, with more and more young adults aspiring to go down the path of entrepreneurship and desire to make the world a better place. Investors too are not holding back on helping out the young entrepreneurs by providing them with the necessary capital and resources, and they too are getting rewarded handsomely for their inputs.

Another turbulent week this month and we saw lot of new companies secure funding for their innovative startups, Here is a compilation of a few startups which got invested, From Revamp Moto which is setting foot in the EV segment ,Devtron which is an open-source platform tackling issues of developers and then LUVIN which is targeted towards pet animal care.

Revamp Moto

Revamp Moto had earlier raised over $1 million in its pre-seed funding round from investors including Veda VC and Venture Catalysts besides Aman Gupta, Anupam Mittal, Ashneer Grover, and Peeyush Bansal on the show Shark Tank.

The company has outsourced the assembly of its scooters to a Bhiwandi, Maharashtra-based manufacturer that will make up to 80,000 units annually. It has no plans presently to set up its own assembly line.

“With just $1 million in the bank, we wanted to be asset-light and put the money into R&D instead. So, we outsourced the assembly operation,” Mahajan said. The funds raised in the ongoing round will be utilised to develop its second model, which will be a high-speed electric two-wheeler called Mitra.

Its first model, codenamed RM25, will be launched in India in the coming month and will be a low-speed electric two-wheeler with around 70 kilometres of range.

Devtron

Devtron, the open source internal DevOps platform democratizing Kubernetes adoption, announced today that it has raised $12 million in new funding led by global software investor Insight Partners. The new round follows previous investments from Leo Capital and several marquee angels. Devtron will use the new capital to scale its team, drive adoption of its platform and expand into new markets.

The cloud-native space has seen the introduction of a wide array of open-source DevOps tools built for solving for very specific use cases, and as a result, DevOps teams today have too many narrow choices. Moreover, these tools are not built to work together seamlessly or be integrated into a singular platform to empower the development team.

This is where Devtron steps in. Devtron provides a low-code software delivery platform for Kubernetes built on popular open-source tools like Argo and Clair. The platform encompasses cluster provisioning, application management, and security among other functionality in the CI/CD workflow. Devtron takes a visual-first approach by providing a GUI that abstracts away underlying infrastructure, enabling intuitive features like one-click deployment on a central dashboard. Conceptualized as “DevOps in a box,” startups and growth-focused mid-sized enterprises using Devtron’s platform can focus on building their core business and competitive advantage while Devtron quickly matures DevOps practices within the organization, enabling significant resource optimization by providing autonomy to the development team.

BluSapphire

Hyderabad-based full-stack cybersecurity startup BluSapphire has raised $9.2 million in a Series A funding round led by Barings Private Equity India, with participation from Dallas Venture Capital, RPG Ventures and Merisis Venture Partners, Binny Bansal backed xto10x.

The startup plans to use the raised capital to build and grow its SaaS platform across North America and India.

Founded in 2014 by Kiran Vangaveti, a 25-year-old experienced cyber professional and ex-CISO of hedge fund titan Tudor Investments, the platform solves the industry gap in security operations and visibility space.

The full stack AI and predictive analytics platform empowers clients to prevent sophisticated cyberattacks across cloud, on-prem and hybrid work environments.

“Building resilience against sophisticated cyber-attacks is the key to business survival. BluSapphire operates with this vision. The capital will help us continue to build and grow our SaaS platform rapidly across North America and India,” said Kiran Vangaveti, Founder & CEO, BluSapphire Cyber Systems.

EMotorad

Rajib Gangopadhyay, Kunal Gupta, Aditya Oza and Sumedh Battewar co-founded EMotorad in 2020. The startup strives to bring eco-friendly, futuristic e-bikes at an affordable price for adventure seekers, daily commuters, or casual riders.

“We have always believed in the power of e-bikes to optimize health efficiency. We wish to design products and technology in such a way that it places itself in the user’s journey to becoming healthy. An outdoor Peleton of sorts. By doing so, we not only answer their fitness needs but also provide a sustainable and viable mobility option,” said Kunal Gupta.

It has raised Rs 24 crore in a pre-Series A funding round led by Green Frontier Capital (GFC), LetsVenture, and Ivy Growth Associates.The startup plans to use the raised capital to accelerate business growth, hire top industry talent, and scale the business growth. It also plans to integrate advanced technology to transform how consumers view cycling.

LUVIN

Incorporated in 2020 by Food Technologist and IIM-Ahmedabad graduate Ipshit Bhattacharya, The startup said it has launched 12 products in the D2C Pet food space, 3 of which get manufactured in Europe and the rest are formulated and manufactured in-house, including India’s first Instant Soup powder for dogs.

“I started my career as a project engineer setting-up manufacturing plants of human foods abroad. So, Food & Nutrition had always been areas of interest. Over the years, my attachment to my pets led me to learn more and more about their needs,” said Ipshit.

LUVIN recently raised $300,000 in an angel round from eminent angel investors to expand its portfolio of pet foods and treats, strengthen marketing efforts, and step up its presence pan-India.

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