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Treacle, a burgeoning player in the cybersecurity arena, has successfully secured Rs 4 crore in a pre-seed funding round led by Inflection Point Ventures (IPV). This funding round is poised to catapult Treacle into the next phase of growth and innovation.

• Company Name: Treacle
• Industry: Cybersecurity
• Funding Amount: ₹4 Crore
• Funding Date: 15-05-2024
• Dilution Percentage: NA
• Founder Details: Treacle was founded by Subhasis Mukhopadhyay, Subhajit Manna, and Partha Das.

Treacle’s groundbreaking AI-based deception technology is the cornerstone of its cybersecurity prowess. This technology offers advanced protection by meticulously analyzing attacker behavior, diverting them into mirage networks, and issuing early warnings to SOC (Security Operations Center) analysts. The startup’s proactive approach to identifying threats, coupled with its AI-based early warning system, fortifies its defense against evolving cyber threats.

Commenting on this pivotal development, Subhasis Mukhopadhyay, Co-Founder & CEO of Treacle, expressed the company’s commitment to safeguarding network infrastructures through early detection, containment, and deception of threats. He emphasized Treacle’s dedication to providing premium security solutions in an affordable manner, with the ultimate goal of establishing itself as a market leader and contributing to making the cyber world a safer place within the next five to six years.

Expansion and Utilization of Funds: The funding secured by Treacle will be instrumental in enhancing its technical and business development, marketing and office expenses, and partnerships. Additionally, the startup plans to utilize the funds for its expansion in the Indian market, a strategic move that aligns with its vision of becoming a formidable force in the cybersecurity landscape.

Previous Achievements: Treacle has previously secured grants such as the C3iHub grant and the SISFS grant, totaling Rs 26 lakhs in 2021 and 2022, respectively. Moreover, the startup represented India under DPIIT and participated in a sponsored delegation trip to Dubai in 2022, showcasing its burgeoning presence and potential in the cybersecurity domain.

Industry Trends: According to startup data intelligence platform TheKredible, cybersecurity startups raised around $75 million across seven deals in 2023, indicating a robust investor interest in this space. This funding round marks Treacle’s third funding in 2024, highlighting its momentum and investor confidence.

Market Dynamics: In a significant development, artificial intelligence-driven cybersecurity platform SentinelOne acquired PingSafe in a cash and stock deal earlier this year, underscoring the growing consolidation and evolution within the cybersecurity sector.

Treacle’s successful funding round not only signifies a major milestone for the startup but also underscores the immense potential of AI-driven cybersecurity solutions in combating evolving cyber threats. With its innovative technology and strategic vision, Treacle is poised to redefine the cybersecurity landscape and emerge as a trailblazer in the industry.

The post Cybersecurity Startup Treacle Raises ₹4 Crore in Pre-Seed Funding Round Led by Inflection Point Ventures appeared first on TD Ventures.

• Name of the Company: Charge Zone
• Industry: Electric Vehicle (EV) Charging Infrastructure
• Funding Amount: $19 million
• Details about the Founder(s): Founded by Kartikey Hariyani.

EV charging startup Charge Zone has raised $19 million from a UK development finance institution and impact investor, British International Investment. The freshly raised funds will be used to expand its high-speed charging network for electric cars, buses, and trucks across main cities in India and highways. The startup plans to roll out 1,500 super-charging stations over the next 18 months.

Founded by Kartikey Hariyani, Charge Zone is a Vadodara-based tech-driven EV Charging infrastructure startup specializing in B2B and B2C charging services on both dedicated and opportunity-based charging using a smart-grid network.

Speaking about the development, Kartikey Hariyani, founder and CEO of Charge Zone, highlighted that the raised capital not only bolsters their capacity for network expansion but serves as a testament to their shared vision for a sustainable future. Hariyani added that the funding will accelerate their efforts to deploy state-of-the-art charging stations, ensuring that EV drivers across the nation experience unparalleled convenience and reliability.

The EV startup is focused on expanding in markets such as Delhi, Ahmedabad, Mumbai, Pune, Hyderabad, Bengaluru, and Chennai, aiming to deploy open-access hubs for charging so that more people can use them.

Commenting on the development, Srini Nagarajan, Managing Director and Head of Asia at BII, said, “Our support of Charge Zone’s expansion will address the challenge of an underdeveloped EV charging infrastructure, facilitate a more sustainable transportation system, and make EVs a viable and accessible option for many across the country.”

Last year, Charge Zone raised $54 million in a Series A1 funding round led by BlueOrchard Finance. The startup aims to expand its portfolio to include at least 10,000 charging stations by 2027. Its clients include major players such as Hyundai, Mahindra & Mahindra, and Tata Motors, as well as hospitality giants like Marriott and Hyatt, among others.

The post Charge Zone Secures $19 Million in Funding to Expand Its EV Charging Network appeared first on TD Ventures.

• Name of the Company: LightFury Games
• Industry: Gaming
• Funding Amount: $8.5 million
• Funding Date: Not specified
• Dilution Percentage: Not specified
• Date of Inception: Not specified
• Details about the Founder(s): Founded by Karan Shroff, Anurag Banerjee, and Tina Balachandran.

Gaming startup LightFury Games has raised $8.5 million in a seed funding round led by Blume Ventures, Mixi Inc, and Gemba Capital. The funding round also saw participation from Cred founder Kunal Shah and Unacademy CEO Gaurav Munjal.

The freshly raised funds will be used to develop AAA games in India. Initially, the firm will focus on mobile gaming before expanding to other platforms, including consoles. Launched by Karan Shroff, former chief marketing officer of Unacademy, along with Anurag Banerjee, who also serves as its chief product and technology officer, and Tina Balachandran, previously senior vice president at Unacademy, LightFury Games aims to establish game studios in India and the UK while recruiting top talent.

Speaking about the development, Karan Shroff, Co-founder of LightFury Games, said, “Creating successful AAA titles in the Indian market and establishing a Tencent-like presence originating from India, is what we are excited to bring to the fore.”

Commenting on the development, Karthik Reddy, Co-founder and Managing partner of Blume Ventures, said, “The ability to piece together the talent and bring in believers from the gaming and consumer universe make it one of the most exciting investments we’ve made in this space.”

The startup aims to develop AAA games in India, characterized by high budgets, top-quality graphics, and major publishers. These games feature advanced gameplay mechanics, extensive content, and robust marketing campaigns. AAA games are typically released across multiple platforms, including personal computers, consoles such as PlayStation and Xbox, and sometimes mobile devices.

A recent report titled ‘Robust Fundamentals to Power Continued Growth’ highlighted India as the largest gaming market in the world. In 2023, India’s gaming market reached new heights with a user base of 568 million gamers and over 9.5 billion app downloads, representing about 20% of the global total for mobile game downloads. This surpasses the combined download totals of the next two markets: the United States and Brazil.

The post LightFury Games Secures $8.5 Million in Funding to Develop AAA Games in India appeared first on TD Ventures.

• Name of the Company: Dhruva Space
• Industry: Spacetech
• Funding Amount: $9.4 million (Rs 78 crore)
• Funding Date: Not specified
• Dilution Percentage: Not specified
• Date of Inception: 2012
• Details about the Founder(s): Founded by Sanjay Nekkanti, Chaitanya Dora Surapureddy, Abhay Egoor, and Krishna Teja Penamakuru

Dhruva Space, a Hyderabad-based spacetech startup, has raised $9.4 million (Rs 78 crore) in funding from IAN Alpha Fund, the Technology Development Board, and other existing investors. The funding round comprised equity and debt, including Rs 24 crore in debt.

The freshly raised funds will enable Dhruva Space to set up the first phase of its 2.8 lakh sq ft spacecraft manufacturing facility in Hyderabad. Founded in 2012, Dhruva Space is a full-stack Space-Engineering solutions provider, active across the Space, Launch, and Ground segments, supporting civilian and defense clients globally.

Over the past two years, Dhruva Space has completed four space missions, launching eight out of the 24 payloads authorized by the Indian National Space Promotion and Authorisation Centre (IN-SPACe). These missions included deployers, satellites, communication systems, and nanosatellite platforms.

Sanjay Nekkanti, Founder and CEO of Dhruva Space, stated, “With the increasing demand for satellites and satellite-enabled services globally, the funding will be instrumental in supporting the industrialization and manufacturing of Dhruva Space’s full-stack products, enabling significant team growth, increased development of capability and infrastructure, and fueling the international expansion of our business.”

The facility in Shamshabad, Hyderabad, near the International Airport, will include manufacturing units for spacecraft solar arrays, satellite subsystems, and separation systems for launch vehicles, as well as an assembly, integration, and testing facility.

Including this funding round, the total corpus raised by Dhruva Space in series A funding stands at Rs 123 crore (about $14 million). The spacetech firm also plans to raise over $30 million in the next 12 to 18 months to expand its infrastructure and support the development of programs for its customers.

The post Dhruva Space Secures $9 Million in Funding, Targets Extensive Spacetech Development appeared first on TD Ventures.

• Company Name: Clientell
• Industry: Revenue Operations (RevOps)
• Funding Amount: $2.5 million
• Funding Date: Not specified
• Dilution Percentage: Not specified
• Date of Inception: Not specified
• Details about the Founder: Clientell was founded by Saahil Dhaka and Neil Sarkar, both alumni of BITS Pilani. They are focused on building the easiest forecasting and pipeline assessment experience for revenue operations.

Clientell, an early-stage RevOps startup, has secured $2.5 million in a seed round of funding led by Blume Ventures. The funding round also saw participation from Chiratae Ventures, Artha Venture Fund, and Silicon Valley based Z5 Capital.

As per the startup, the freshly raised funds will be used for strengthening the product and expanding the team.

Clientell | Revenue Operations Simplified

Founded by Saahil Dhaka and Neil Sarkar, Clientell is a Revenue Operations company on a mission to build the easiest forecasting and pipeline assessment experience. The startup focuses on leveraging AI to significantly improve productivity, reduce costs spent on multiple tools, and increase data quality. Clientell deploys custom forecasting processes and ML models for each customer rather than using a one-size-fits-all approach.

Saahil Dhaka, Founder & CEO of Clientell, said, “When the world is talking about 10x developers, we’re focused on bringing useful AI products to help 10x salespeople, CRM developers, and GTM leaders.”

Statement from the Investor

“Saahil and Neil are passionate founders, obsessed about the problems they are solving for sales teams, and bring complementary strengths across GTM, product, and engineering. We are excited to partner with the Clientell team on their exciting journey by leading their seed fundraise.”

Sanjay Nath, Blume Ventures

Clientell’s key differentiator lies in its deployment agility and intuitive user experience. This is crucial as sales teams often do not fully utilize many tools available to them. Furthermore, its conversational interface allows seamless integration across various platforms such as Google Sheets, email, LinkedIn, Slack, and Teams. This integration ensures users can work within their current workflows without the need to learn a new tool.

With its AI copilot, Clientell has enabled its users, primarily Chief Revenue Officers and Go-to-market leaders, to boost GTM execution and optimize pipeline governance and forecasting. Currently, the RevOps startup is working with initial design partners and early adopters spanning growth-stage SaaS companies and large pharmaceutical companies.

Previously, Clientell had raised $600,000 from Chiratae Ventures’ sonic cohort at the end of 2021, co-led by Artha Venture fund. Since their last round, the team has focused on building the core AI platform and core AI capabilities around combining generative AI with traditional machine learning to provide highly accurate insights to decision-makers in a conversational medium.

The post Clientell Secures $2.5 Million in Seed Funding for AI-Powered Sales Forecasting and Pipeline Management appeared first on TD Ventures.

• Name of the Company: ClickPost
• Industry: Logistics Management
• Funding Amount: $6 million
• Funding Date: Not specified
• Dilution Percentage: Not specified
• Date of Inception: 2017
• Details About the Founders: Founded by Naman Vijay and Prashant Gupta

Funding Announcement: Logistics management platform ClickPost has raised $6 million in a funding round led by early-stage venture capital firms Inflexor Ventures partners and Athera Venture Partners. Riverwalk Holdings and existing investor Rebright Partners also participated in the funding round.

Utilization of Funds: The freshly raised funds will be used for introducing enhanced products and expanding ClickPost’s presence into new geographical areas, as well as further within its existing regions.

About ClickPost: Founded by Naman Vijay and Prashant Gupta in 2017, ClickPost is an e-commerce shipping & courier integration platform that offers services like delivery dates in the pre-purchase journey, multi-carrier integration, tracking visibility, returns and exchange management, and omnichannel enablement.

Expansion Plans: ClickPost aims to capitalize on the growing demand for efficient and scalable digital logistics infrastructure, offering innovative solutions that meet the evolving needs of both businesses and consumers within India as well as globally.

Statement from the Investor: Pratip Mazumdar, partner at Inflexor Ventures, highlighted the critical time for ClickPost to accelerate both from a product and go-to-market (GTM) side of things. He emphasized that the demand for efficient and scalable digital logistics infrastructure is bound to increase as consumers and enterprises increasingly turn to online commerce.

Market Presence: ClickPost currently serves about 300 clients across India, North America, APAC, and the Middle East. Its list of clients includes firms like Nykaa, Pepe Jeans, Acer, Puma, and Supertails. The startup tracks over 1 million shipments daily, with aims to grow fivefold in the next two years. In the fiscal year 2023, ClickPost recorded revenue of Rs 20 crore.

The post ClickPost Raises $6 Million in Funding to Expand Its Presence in Logistics Management appeared first on TD Ventures.

• Name of the Company: PlatinumRx
• Industry: Online Pharmacy
• Funding Amount: $800,000
• Funding Date: Not specified
• Dilution Percentage: Not specified
• Date of Inception: Not specified
• Details About the Founders: Founded by Ashutosh Pandey and Piyush Kumar

Funding Announcement: Bangalore-based online pharmacy startup PlatinumRx has secured $800,000 in a seed funding round led by India Quotient. The funding round also saw participation from several angel investors.

Utilization of Funds: The freshly raised funds will be used to augment PlatinumRx’s warehousing and distribution network. Additionally, the startup plans to enhance its presence across the country and increase its product offerings.

About PlatinumRx: Founded by Ashutosh Pandey and Piyush Kumar, PlatinumRx aims to redefine the way chronic patients access essential medications. The startup assists consumers in finding equivalent substitute medicines—with the same salt, strength, and effectiveness—at a fraction of the cost through its substitution engine. PlatinumRx curates and offers best-value substitutes from top brands like Cipla, Abbott, Alkem, etc.

Expansion Plans: With the funding, PlatinumRx aims to extend its reach to more patients in need of affordable, high-quality medications. The startup currently covers more than 20,000 pin codes, delivering within two to three days, and offers same-day delivery in Bengaluru.

Statement from the Investor: Gagan Goyal from India Quotient highlighted the importance of cost reduction for chronic illnesses without compromising efficacy. He emphasized that scaling correct awareness would reveal a vast Total Addressable Market (TAM) ready to be tapped.

Market Projection: The online pharmacy market in India is projected to generate revenue of $453.30 million in 2024, growing at an annual rate of 9.41% to reach around $649.50 million by 2028.

The funding from India Quotient and angel investors comes as a significant boost for PlatinumRx, enabling the startup to expand its operations and reach more patients in need of affordable medications.

The post PlatinumRx Raises $800K in Seed Funding to Expand Online Pharmacy Operations appeared first on TD Ventures.

• Name of the Company: Aviotron Aerospace
• Industry: Edtech
• Funding Amount: INR 4.96 Cr ($600K)
• Funding Date: Not specified
• Dilution Percentage: Not specified
• Date of Inception: 2019
• Details About the Founder: Founded by Vaishnav C, Ashish Kumawat, Neha Chauhan, and Nitin Choyal

Funding Announcement: Aviotron Aerospace, a Noida-based edtech startup, has successfully raised INR 4.96 Cr ($600K) as part of its Pre-Series A round from venture capital firm Enrission India Capital. The funding round values the startup at a post-money valuation of INR 70 Cr.

Utilization of Funds: The freshly raised capital will enable Aviotron Aerospace to expand its footprint across India, aiming to reach schools in 28 states by the end of 2024.

About Aviotron Aerospace: Founded in 2019 by Vaishnav C, Ashish Kumawat, Neha Chauhan, and Nitin Choyal, Aviotron Aerospace is a B2B edtech startup that offers experiential learning to students in partnership with schools. The startup aims to empower youth with 21st-century skills through STEAM-based experiential learning solutions, covering technologies like Aerospace, Space-Ed, and Design Thinking.

Expansion Plans: Aviotron Aerospace has tied up with 65 schools in 15 states and currently caters to around 20,000 students. With plans to expand to schools in 28 states by the end of 2024, the startup is focused on providing much-needed skills such as creativity, innovation, problem-solving, and focus to K-12 students.

Financial Performance: In 2023, Aviotron Aerospace generated a profit of INR 50 Lakh from a revenue of INR 5 Cr, setting its sights on achieving a revenue of INR 45 Cr in 2024. The startup charges schools INR 8,500 per student per annum for its tailored program, earning an average revenue of INR 25 Lakhs to INR 30 Lakhs from each school.

Investment History: In 2022, Aviotron Aerospace raised INR 2 Cr in seed funding from undisclosed angel investors at a valuation of INR 12 Cr.

Future Plans: With aggressive growth plans, Aviotron Aerospace aims to deploy its offerings in more than 100 schools, signing contracts with a minimum tenure of five years.

The funding from Enrission India Capital comes as a significant boost for Aviotron Aerospace, enabling the startup to further its mission of providing innovative and engaging learning experiences to K-12 students across India.

The post Aviotron Aerospace Secures $600K in Funding, Plans Expansion Across India appeared first on TD Ventures.

• Name of the Company: Arch0
• Industry: Cloud Security
• Funding Amount: $1.25 million
• Funding Date: Not specified
• Dilution Percentage: Not specified
• Date of Inception: 2022
• Details About the Founder: Founded by Nithin Jois and Tilak Thimmappa

Funding Announcement: Arch0, a burgeoning cloud security startup, has successfully raised $1.25 million in a pre-seed funding round. The funding was led by Leo Capital, with participation from Indian Silicon Valley Capital, Appreciate Capital, Village Global, Supermorpheus, and other prominent investors.

Utilization of Funds: The newly secured capital will be instrumental in expanding Arch0’s core team. Additionally, the startup plans to leverage the funding to enhance the integration of artificial intelligence (AI) in its cloud security operations.

About Arch0: Founded in 2022 by Nithin Jois and Tilak Thimmappa, Arch0 specializes in cloud security solutions for mid-sized enterprises and companies. The startup’s primary focus is on the US market, with a significant portion of its sales originating from this region. Arch0 also maintains a dedicated development team in Bangalore.

Founder’s Vision: Nithin Jois, CEO and Co-founder of Arch0, emphasized the challenges faced by the team in building cloud security solutions for clients in their previous company. He highlighted the need for a more streamlined approach to solving these challenges, which led to the inception of Arch0.

Unique Approach: Arch0 adopts a unique approach to cloud security by centralizing identity at its core. Leveraging AI, the startup streamlines threat detection and remediation, thereby minimizing operational complexity, reducing costs, and enhancing overall security posture with minimal additional bandwidth from the teams.

Future Plans: Currently, Arch0 offers its platform free of charge to customers. However, the startup intends to introduce a subscription-based model in the future to sustain its growth and operations.

Investor Perspective: Dinesh Singh, a Partner at Leo Capital, highlighted the rapid growth of the cloud cybersecurity market. He noted the market’s expected doubling within the next couple of years, emphasizing the increasing complexities of cybersecurity attacks and the growing demand for automation.

Investment Strategy: Leo Capital’s investment in Arch0 comes shortly after its funding of climate tech startup Sprih. The VC firm, known for its investments in technology-centric startups, has funded approximately 55 startups across various rounds, with cheque sizes ranging from $0.5 million to $3 million.

The post Arch0 Secures $1.25 Million in Pre-Seed Funding to Boost AI-Driven Cloud Security Operations appeared first on TD Ventures.