[Funding roundup] Preimage, Kidbea and Syntellect enter start-up agreements
3D reconstruction platform Preimage raises $1.7 million in funding round led by pi Ventures
Cloud-based 3D reconstruction application Preimage announced to have lifted $1.7 million in a funding round from pi Ventures, Better Capital, Java Capital and other leading angels.
Preimage’s AI-first solution generates photorealistic 3D digital clones of environments and assets using photos as input. The company will use the new funds to double down on product builds, scale its team across all business functions, and create a robust go-to-market movement in the drone-based mapping and surveying use case. .
Earlier this year, Preimage released a beta version of its product which engaged more than 200 commercial customers ranging from small businesses to large enterprises in the United States, India, Asia-Pacific and Europe. Its open-to-all 3D reconstruction platform will launch later this year.
Preimage had raised a pre-seed round of $355,000 last year, led by Better Capital, which also saw participation from Arka Ventures and iSeed Ventures.
Kidbea raises Rs 1.5 Cr from Agility Ventures in pre-seed round
a Noida-based sustainable children’s clothing brand, secured pre-seed funding from Rs 1.5 crore. The brand is funded by Agility Ventures, as well as some individual co-investors, including Nandi Mehta, CFO of Kaaf Funds; Tapas Sahu, President of CII Jharkhand; Divij Bajaj, founder of Power Gummies; Abhishek Kocchar, founder of Diamond Overseas; and Vivekananda Nareddula, founder of Apaizer.
The founders intend to use the funds to boost marketing efforts, expand the team and improve R&D activities in the Indian children’s clothing market.
Founded in 2021 by Swapnil Srivastav, Mohammed Hussain and Aman Kumar Mahto, Kidbea manufactures certified organic children’s clothing that is splash-proof, anti-bacterial and breathable. The goal is to provide durable, non-toxic products for children and relaxed parenting for every parent of a toddler.
Kidbea has already raised two fundraising rounds, including the angel round which took place in March this year.
UK-based Reall is investing in the housing of fintech start-up Syntellect
Syntellecta Mumbai-based global affordable housing fintech start-up, has received a strategic pre-Series A round investment from Reall, a UK-based affordable housing organization.
The funds will be used to develop and promote Syntellect’s flagship product, RightProfile, for affordable housing solutions in India, Africa and South America.
RightProfile is a customer profiling and loan underwriting tool that provides credit information to the low-income, underserved and unbanked informal customer segment.
It leverages AI, ML, statistics, specialized programming, and advanced analytics to uncover actionable insights and deliver actionable insights to lenders based on multiple metrics and customized for the top 20 global trades. Since its inception in 2017, RightProfileTM has generated customer profiles for over 14,000 customers.
Indel Money raises Rs 50 Cr through its first tranche of market-linked debentures
Indel Money LimitedIndel Corporation’s flagship and non-bank financial gold lending company, raised Rs 50 crore through the first tranche of its capital-protected market-linked debentures (MLDs). Issued on August 30, 2022 via Yubi (formerly CredAvenue), a fintech debt marketplace, MLDs offer a fixed coupon rate and come in 16 and 18 month tenors.
The first tranche of MLD witnessed rapid take-up from HNI investment offices/houses from cities like Mumbai, Delhi, Chennai, Jaipur, Ahmedabad, etc. Indel Money plans to raise another Rs 250 crore by issuing the second tranche of the MLDs in Q3FY23.
Funds raised from MLDs will be used to expand Indel Money’s book size as well as its footprint.
Umesh Mohanan, Executive Director and CEO, Indel Money Ltd said:
“The launch of MLDs is part of our mission to expand our presence across India and further enhance our operational efficiency. We look forward to stronger investor traction for the second tranche scheduled for Q3FY23. »
(This article will be updated with the latest news throughout the day.)