TD Ventures https://tdventures.in/ TD Ventures fuels tomorrow's breakthroughs. We empower innovative startups with the funding, guidance, and connections they need to thrive. Thu, 24 Oct 2024 08:27:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://tdventures.in/wp-content/uploads/2024/02/cropped-Picture1-32x32.png TD Ventures https://tdventures.in/ 32 32 230675282 TD Fundind Focus: Weekly Newsletter https://tdventures.in/td-fundind-focus-weekly-newsletter-23rd-sept-30th-sept2024-2/ https://tdventures.in/td-fundind-focus-weekly-newsletter-23rd-sept-30th-sept2024-2/#respond Thu, 24 Oct 2024 08:23:49 +0000 https://tdventures.in/?p=2207 Send your pitch deck to pitch@tdventures.in and visit www.tdventures.in for more information. Let’s take your startup to new heights together! Follow Us Stay updated with the latest news and updates by following us on Linkedin, Twitter

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Send your pitch deck to pitch@tdventures.in and visit www.tdventures.in for more information. Let’s take your startup to new heights together!


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Revisiting and revising with our CEO – Watch this podcast with Pragya Panda https://tdventures.in/focus-on-problem-solving/ Mon, 20 May 2024 06:29:27 +0000 https://tdventures.in/?p=1951 Watch out as our #CEO urges #startups to solve real life issues to attract #investors. Else if we are working in #ideas just for the sake for attracting #investments we may end up creating technical debt whose removal itself will drag us down. Technical debt refers to the concept in software development where shortcuts or […]

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Watch out as our #CEO urges #startups to solve real life issues to attract #investors. Else if we are working in #ideas just for the sake for attracting #investments we may end up creating technical debt whose removal itself will drag us down.

Technical debt refers to the concept in software development where shortcuts or less-than-optimal solutions are used to expedite the delivery of a product or feature. These shortcuts accumulate over time, much like financial debt, and can result in increased complexity, decreased maintainability, and reduced agility for the development team. Here’s a closer look at technical debt and how startups can manage it:

  1. Types of Technical Debt:
  1. Deliberate Debt: Conscious decisions to prioritize speed over long-term quality.
  2. Inadvertent Debt: Unintentional shortcuts due to time constraints, lack of expertise, or unclear requirements.
  3. Bit Rot: Decay in software quality over time due to neglect or lack of maintenance.
  1. Causes of Technical Debt:
  1. Tight deadlines and pressure to release quickly.
  2. Incomplete or changing requirements.
  3. Lack of technical skills or experience.
  4. Ignoring best practices or coding standards.
  5. Legacy systems or outdated technology.
  1. Impact of Technical Debt:
  1. Reduced development speed: Increasing complexity makes it harder to add new features or fix bugs.
  2. Higher maintenance costs: More time spent on fixing issues and refactoring code.
  3. Decreased reliability: Increased risk of system failures or unexpected behavior.
  4. Impaired scalability: Technical debt can limit the ability to scale the product as the user base grows.
  1. Managing Technical Debt:
  1. Awareness: Recognize and acknowledge the presence of technical debt within your codebase.
  2. Prioritization: Identify high-impact areas of technical debt and prioritize them based on business value and risk.
  3. Refactoring: Allocate time for refactoring and improving the codebase without adding new features.
  4. Automation and Tooling: Invest in tools and automation to identify and address technical debt more efficiently.
  5. Code Reviews and Pair Programming: Encourage collaboration and knowledge sharing to prevent the accumulation of technical debt.
  6. Continuous Improvement: Foster a culture of continuous improvement and learning within your development team.
  1. Balancing Act: It’s important to strike a balance between shipping features quickly and maintaining code quality. While technical debt may be inevitable in the fast-paced startup environment, proactive management can help mitigate its impact and ensure long-term success.

By addressing technical debt early and regularly, startups can maintain a healthy codebase, improve team productivity, and deliver value to customers more effectively.

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Cybersecurity Startup Treacle Raises ₹4 Crore in Pre-Seed Funding Round Led by Inflection Point Ventures https://tdventures.in/cybersecurity-startup-treacle-raises-%e2%82%b94-crore-in-pre-seed-funding-round-led-by-inflection-point-ventures/ Wed, 15 May 2024 10:55:40 +0000 https://tdventures.in/?p=1921 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. Treacle’s groundbreaking AI-based deception technology is the cornerstone of its cybersecurity prowess. This technology […]

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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.

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Crafting a Compelling Investor Pitch Deck that Gets Funded https://tdventures.in/crafting-a-compelling-investor-pitch-deck-that-gets-funded/ Wed, 15 May 2024 10:35:38 +0000 https://tdventures.in/?p=1918 Your startup is brimming with potential, but securing funding can feel like scaling a mountain. The key tool in your arsenal? A pitch deck that captivates investors and compels them to join your journey. Think of your pitch deck as a concise, impactful story. Here’s how to craft one that gets that coveted “yes”: 1. […]

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Your startup is brimming with potential, but securing funding can feel like scaling a mountain. The key tool in your arsenal? A pitch deck that captivates investors and compels them to join your journey.

Think of your pitch deck as a concise, impactful story. Here’s how to craft one that gets that coveted “yes”:

1. Hook ‘Em From the Start:

Imagine you have 30 seconds to grab an investor’s attention. Your first slide is prime real estate. Briefly introduce your company, the problem you solve, and your unique value proposition. Think clear, concise language, and a powerful visual that sets the tone.

2. Deep Dive into the Problem:

Paint a vivid picture of the problem your startup addresses. Don’t assume everyone has the same understanding. Use statistics, real-world examples, and even customer quotes to highlight the pain points you’re alleviating.

3. Introducing Your Solution:

Now comes the exciting part – your innovative solution! Explain your product or service in clear, easy-to-understand terms. Showcase its features and benefits, and how it directly addresses the problem you identified earlier. Visuals like mockups or infographics can be incredibly helpful here.

4. Market Mania:

Investors want to know there’s a hungry market waiting for your solution. Define your target audience clearly and demonstrate the market size and potential for growth. Charts and graphs showcasing market trends can be impactful.

5. The Competitive Landscape:

Acknowledge your competitors, but don’t dwell on them. Briefly explain how your solution stands out, highlighting your unique selling proposition (USP). What makes you different and demonstrably better?

6. Traction Time:

Have you already achieved some milestones? Early traction is a powerful signal to investors. Showcase any user growth, revenue figures, or impressive partnerships you’ve secured.

7. The Dream Team:

Your team is the engine that drives your startup forward. Briefly introduce your core team members, highlighting their relevant experience and expertise. Investors back people as much as ideas.

8. Financials for the Future:

Investors need to understand your financial roadmap. Include high-level projections for revenue, expenses, and profitability. Keep it clear and concise, focusing on key metrics.

9. The Ask:

Be upfront about what you’re asking for. State the amount of funding you require and how you plan to use it to achieve your next growth milestones.

10. The Call to Action:

End with a bang! Clearly state what your desired next step is. Do you want investors to schedule a follow-up meeting? Visit your website? Leave a lasting impression with a strong call to action.

Bonus Tip: Design matters! Keep your deck visually appealing with a consistent style and high-quality visuals. Don’t overload slides with text – let your visuals do the talking.

Remember, your pitch deck is a springboard for conversation, not the entire story. Be prepared to answer questions, elaborate on details, and showcase your passion and expertise.

Ready to connect with investors who understand the power of disruptive innovation?

TD Ventures invests in companies poised to shape the future. Get in touch and see if your vision aligns with ours.

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Navigating the Funding Landscape: How TD Ventures Can Help Startups Secure Investment https://tdventures.in/navigating-the-funding-landscape-how-td-ventures-can-help-startups-secure-investment/ Thu, 09 May 2024 06:46:11 +0000 https://tdventures.in/?p=1905 For startups, securing the right investment at the appropriate stage is crucial for achieving sustainable growth and long-term success. However, navigating the complex funding landscape can be a daunting task, especially for first-time entrepreneurs. This is where TD Ventures comes in, offering a comprehensive range of programs and initiatives designed to guide startups through the […]

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For startups, securing the right investment at the appropriate stage is crucial for achieving sustainable growth and long-term success. However, navigating the complex funding landscape can be a daunting task, especially for first-time entrepreneurs. This is where TD Ventures comes in, offering a comprehensive range of programs and initiatives designed to guide startups through the funding journey and connect them with the right investors.

Understanding the Funding Options

Before delving into the services offered by TD Ventures, it’s essential to understand the various funding options available to startups:

  1. Bootstrapping: Self-funding the startup through personal savings, credit cards, or reinvesting profits from early sales. This option allows founders to maintain full control over their business but may limit growth potential.
  2. Friends and Family: Raising funds from close personal networks, such as friends and family members. While this option can provide initial capital, it may strain personal relationships if the business fails.
  3. Angel Investors: High-net-worth individuals who invest their personal funds in promising startups in exchange for equity. Angel investors can provide not only capital but also valuable mentorship and connections.
  4. Venture Capital: Professional investment firms that provide capital to high-growth startups in exchange for equity and a potential return on investment. Venture capitalists typically invest larger sums of money but may require a greater degree of control and oversight.
  5. Crowdfunding: Raising funds from a large number of people, typically through online platforms, in exchange for rewards, equity, or debt. Crowdfunding can be a powerful tool for validating a product or service and building a community of early supporters.
  6. Grants and Accelerator Programs: Government-funded programs, accelerators, and incubators that provide funding, mentorship, and resources to early-stage startups. These programs can offer valuable support and guidance, but competition for entry can be fierce.

How TD Ventures Can Help

TD Ventures recognizes the challenges startups face in securing funding and has developed a comprehensive suite of programs to assist them at every stage of their journey. From PitchX, which helps startups refine their pitch and connect with investors, to SeedX, which provides mentorship and resources for early-stage startups, and ListX, a free launchpad for gaining visibility and connecting with active investors, TD Ventures offers a range of services to support startups on their funding journey.

Additionally, The Great Unicorn Show provides a platform for startups to showcase their ideas to a global audience, receive expert feedback, and network with industry experts and potential investors.

Securing the right investment is a critical step for startups seeking to achieve sustainable growth and long-term success. However, navigating the funding landscape can be challenging, especially for first-time entrepreneurs. By leveraging the programs and initiatives offered by TD Ventures, startups can gain access to valuable resources, mentorship, and connections, increasing their chances of securing the investment they need to fuel their growth and turn their vision into reality.

If you’re a startup seeking funding or want to learn more about how TD Ventures can support your entrepreneurial journey, please don’t hesitate to contact us.

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Charge Zone Secures $19 Million in Funding to Expand Its EV Charging Network https://tdventures.in/charge-zone-secures-19-million-in-funding-to-expand-its-ev-charging-network/ Thu, 02 May 2024 06:14:10 +0000 https://tdventures.in/?p=1900 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 […]

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  • 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.

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Creating a Winning Company Culture: Tips for Startups https://tdventures.in/creating-a-winning-company-culture-tips-for-startups/ Tue, 23 Apr 2024 10:33:14 +0000 https://tdventures.in/?p=1888 As startups navigate the competitive business landscape, company culture emerges as a critical factor for success. A positive and well-defined culture not only attracts top talent but also fosters innovation, productivity, and employee satisfaction. Let’s delve into some actionable tips for creating a winning company culture: 1. Purpose-Driven Mission Start with a clear and compelling […]

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As startups navigate the competitive business landscape, company culture emerges as a critical factor for success. A positive and well-defined culture not only attracts top talent but also fosters innovation, productivity, and employee satisfaction. Let’s delve into some actionable tips for creating a winning company culture:

1. Purpose-Driven Mission

Start with a clear and compelling mission statement. Your mission should resonate with employees, customers, and stakeholders. When everyone understands the purpose behind their work, it creates a sense of belonging and direction. Whether you’re disrupting an industry or solving a specific problem, articulate your mission with passion.

2. Values and Behaviors

Define core values that align with your mission. These values guide decision-making, behavior, and interactions within the organization. Communicate them consistently and integrate them into daily operations. Encourage employees to embody these values, both in the workplace and beyond. Remember, actions speak louder than words.

3. Inclusive Environment

A winning culture embraces diversity and inclusion. Celebrate differences in backgrounds, perspectives, and experiences. Create an environment where everyone feels respected and valued. Consider implementing diversity training, mentorship programs, and affinity groups. Inclusion isn’t just a buzzword—it’s a strategic advantage.

4. Open Communication

Transparency and open communication build trust. Encourage feedback, whether it’s from entry-level employees or C-suite executives. Regular town halls, anonymous suggestion boxes, and skip-level meetings foster dialogue. When employees feel heard, they become more engaged and invested in the company’s success.

5. Empowerment and Autonomy

Trust your team to make decisions. Empower employees by giving them autonomy over their work. Micromanagement stifles creativity and demotivates individuals. Set clear expectations, provide resources, and then step back. When employees feel trusted, they take ownership and contribute their best.

6. Recognition and Appreciation

Celebrate wins, big and small. Recognize individual and team achievements. Whether it’s a shout-out in a team meeting or a personalized thank-you note, acknowledgment matters. Consider implementing an employee recognition program. When people feel appreciated, they stay motivated and loyal.

7. Work-Life Balance

Startup life can be intense, but burnout isn’t sustainable. Encourage work-life balance. Offer flexible schedules, remote work options, and wellness initiatives. Prioritize mental and physical health. Remember, a rested and fulfilled team performs better in the long run.

8. Learning and Development

Invest in your employees’ growth. Provide opportunities for learning and development. Whether it’s workshops, conferences, or mentorship, continuous learning keeps skills sharp and morale high. A culture of curiosity and improvement attracts top talent.

9. Fun and Camaraderie

Work hard, play hard. Organize team-building activities, social events, and outings. Foster camaraderie among colleagues. A positive work environment includes laughter, shared experiences, and genuine connections. Happy employees are more productive and creative.

10. Lead by Example

Lastly, leadership sets the tone. Founders, executives, and managers must embody the desired culture. Be authentic, approachable, and committed. Your actions ripple through the organization. Lead by example, and others will follow suit.

In summary, a winning company culture isn’t accidental—it’s intentional. As a startup, invest time and effort into shaping a culture that attracts, retains, and inspires exceptional talent. Remember, culture isn’t static; it evolves as your company grows. So, nurture it, adapt, and watch your startup thrive! 🌟

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The Future of Entrepreneurship: Trends and Opportunities for Startups https://tdventures.in/the-future-of-entrepreneurship-trends-and-opportunities-for-startups/ Tue, 23 Apr 2024 10:28:36 +0000 https://tdventures.in/?p=1885 In an ever-evolving business landscape, entrepreneurs play a pivotal role in shaping the future. As we step into a new era, let’s explore the trends and opportunities that await startups on their journey to success. 1. Tech-Driven Innovation Technology continues to be the driving force behind entrepreneurial ventures. From artificial intelligence (AI) to blockchain, startups […]

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In an ever-evolving business landscape, entrepreneurs play a pivotal role in shaping the future. As we step into a new era, let’s explore the trends and opportunities that await startups on their journey to success.

1. Tech-Driven Innovation

Technology continues to be the driving force behind entrepreneurial ventures. From artificial intelligence (AI) to blockchain, startups are leveraging cutting-edge solutions to disrupt traditional industries. Here are some key areas of tech-driven innovation:

  • AI and Machine Learning: AI-powered chatbots, personalized recommendations, and predictive analytics are transforming customer experiences. Startups can harness AI to automate processes, enhance decision-making, and improve efficiency.
  • Blockchain and Cryptocurrencies: Decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), and smart contracts are reshaping financial services. Entrepreneurs can explore blockchain applications beyond cryptocurrencies, such as supply chain management and identity verification.

2. Sustainability and Social Impact

Consumers are increasingly conscious of their environmental footprint. Startups that prioritize sustainability and social impact gain a competitive edge. Consider the following opportunities:

  • Clean Energy Solutions: Renewable energy startups are addressing climate change by developing solar, wind, and hydroelectric technologies. Investors are keen on supporting eco-friendly ventures.
  • Circular Economy: Startups can create value by designing products with recyclability in mind. Circular business models reduce waste and promote resource efficiency.

3. Remote Work and Digital Nomadism

The pandemic accelerated the adoption of remote work. Entrepreneurs can capitalize on this trend by offering tools and services tailored to remote teams. Opportunities include:

  • Virtual Collaboration Tools: Startups can develop innovative platforms for seamless communication, project management, and team collaboration.
  • Co-Working Spaces: As digital nomads seek flexible workspaces, co-working hubs are in demand. Entrepreneurs can create community-driven spaces that foster creativity and networking.

4. Health and Wellness Tech

The pandemic underscored the importance of health and well-being. Startups can explore the following niches:

  • Telehealth Services: Virtual consultations, mental health apps, and remote monitoring solutions are gaining traction. Entrepreneurs can bridge gaps in healthcare accessibility.
  • Personalized Fitness and Nutrition: AI-driven fitness apps, wearable devices, and personalized meal planning cater to health-conscious consumers.

5. E-Commerce and Direct-to-Consumer (DTC)

The rise of e-commerce and DTC brands presents exciting opportunities for startups:

  • Niche Marketplaces: Entrepreneurs can create specialized marketplaces for unique products, connecting buyers and sellers.
  • Sustainable Fashion: DTC fashion brands that prioritize ethical sourcing and transparency resonate with conscious consumers.

Conclusion

The future of entrepreneurship lies in adaptability, innovation, and purpose-driven ventures. As startups navigate challenges and embrace opportunities, they contribute to a dynamic and resilient global economy.

So, whether you’re a budding entrepreneur or an investor, keep an eye on these trends—they might just shape the next big success story!

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LightFury Games Secures $8.5 Million in Funding to Develop AAA Games in India https://tdventures.in/lightfury-games-secures-8-5-million-in-funding-to-develop-aaa-games-in-india/ Tue, 23 Apr 2024 10:21:41 +0000 https://tdventures.in/?p=1882 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 […]

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  • 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.

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Dhruva Space Secures $9 Million in Funding, Targets Extensive Spacetech Development https://tdventures.in/dhruva-space-secures-9-million-in-funding-targets-extensive-spacetech-development/ Tue, 23 Apr 2024 10:17:59 +0000 https://tdventures.in/?p=1879 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 […]

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  • 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.

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