[Funding roundup] EdgeGrid, FairPlum, Molitics, Paperplane, Yoro raise funds
EdgeGrid Raises Funding Round Led by Lightrock India
Hyderabad-based cleantech platform for energy transition for last-mile users, EdgeGrid, has announced the raising of $6m in a seed funding round led by Inasmuch aslight rockInasmuch as India. The round also saw participation from Theia Ventures and other angel investors.
Founded in 2020 by Sunil Talla and Prasad Yerneni, EdgeGrid is a fully integrated technology platform connecting sellers of clean energy generated from solar and wind resources with individuals, businesses and distribution companies in need of services. energy.
The EdgeGrid platform enables last-mile customers such as households, small businesses, commercial building owners, and electric vehicle charging networks to consume energy efficiently and produce it locally. It also works closely with utility companies and distributed power producers to reduce their costs and help increase renewable energy penetration.
Cloud kitchen brand FairPlum raises $2 million
Cloud cooking company FairPlum has announced it has raised $2 million in a funding round led by Unicorn India Ventures. The round also saw the participation of Vivek Sirohi, vice president of R&D at Unilever, Amith Agarwal, co-founder and CE of Agri-Bazaar, Dinshaw Family Office and Anisha Subandh.
Founded in 2020 by former Unilever executives Rupesh Agarwal and Mitesh Thakkar along with F&B specialist Mayank Tandon, FairPlum will use the capital for marketing, brand building, improving organizational facilities and meeting fund requirements rolling. The company plans to set up 100 cloud kitchen locations, one physical experience center and five to ten kiosks in 2022, starting with Delhi NCR and Mumbai.
Currently, FairPlum has launched five brands, including Street Food Karvaan, Rollz Karvaan, Kebabi Karvaan, Unmarried Kitchen and Crafted. It also partners with popular food brands and food entrepreneurs across India to deliver authentic food delicacies and operates e-commerce as well as channel sales platform.
T-Hub invests Rs 1.5 crore in three startups
Hyderabad-based T-Hub has invested Rs 1.5 crore in three startups from the Telangana government-backed T-Fund.
A co-investment fund under the state innovation policy to support start-up startups in Telangana, T-Fund will disburse Rs 15 crore for the year 2021-22 on 15-20 startups every year with an average check size of Rs 25 lakh to Rs 1 crore each. The funding will be sponsored by the state’s ITE&C department and T-Hub has been appointed as the fund’s investment manager.
Talent recommendation tool Perspect.ai raised Rs 1 crore from the fund while millet-based protein shake brand Millet Bowl and nutraceutical brand Lauriko raised Rs 25 lakh each.
Media company Molitics raises $1.5 million
Gurugram-headquartered Molitics Infomedia has raised $1.5 million from Dinesh Pandey-led trading company SAAMAG Group.
Founded in 2017 by Anudeep Jaglan, Molitics offers two apps: Molitics for journalists, social activists and political commentators, and Molitics+, a subscription-based app connecting political leaders with everyday people. The latter allows people to submit their problems to a particular leader or group of leaders.
Molitics Infomedia is present in the sectors of media, online publishing, political advice and public relations. The company will use the capital to expand its media, social and political applications business.
Paperplane Digital Clinic Raises $400,000
Paperplane, the “digital clinic” headquartered in Bengaluru, announced that it has raised $400,000 in a funding round led by Cornerstone Venture Partners. The round also saw participation from LV Angel Fund and other seed investors. The company is backed by 100X.VC and was part of its class 05 cohort.
The platform automates and simplifies clinic operations, including appointment booking, prescription generation, and follow-ups, making patient management efficient for physicians, dentists, and medical practitioners. It also helps doctors engage with patients remotely.
Founded by Devansh Swarup, Dhruv Upadhyay, Aryan Pandey and Varun Goel, Paperplane also allows patients to book lab tests and order medication online. The platform claims to serve more than 1,000 doctors, with more than 11,000 consultations per day.
Edtech Saarthi Pedagogy platform raises Rs 16 crore
Ahmedabad-based edtech company Saarthi Pedagogy has announced a Rs 16 crore funding round in its pre-Series A funding round led by Pinnacle Investments, the family office of promoter Irfan Razack and CEO Venkat K Narayana of the Prestige real estate group.
The funds will be used by the company for product enhancements, technology team ramp-up, content creation, and sales.
Founded in August 2021 by Sushil Agrawal, Saarthi helps affordable schools bridge the digital divide, focusing on the K-12 segment. Its AI-based learning management system (LMS) can measure and improve learning outcomes and helps automatically generate personalized assignments for each student. Currently, it claims to be used by nearly 850 schools, covering 85,000 students.
Micro-social network Yoro is raising an undisclosed amount of ah! Companies
News-focused micro-social media app Yoro has raised an undisclosed amount in an ah! Providential platform of Ventures.
The Yoro app allows users to choose news-based content based on their interests, share it with friends in their private space, and exchange information via chat within the private network. Founded in March 2021 by former Goldman Sachs executive Sapan Shah, Yoro is available on Play Store and Apple App Store.