Investment flows to Jeh Aerospace, TurboHire, GameRamp, and other companies in the early-stage funding round
Funding Boost for Indian Startups: A Roundup
In a series of recent funding announcements, several Indian startups have secured significant investments to fuel their growth and expansion. Here's a look at some of the notable fundings in various sectors.
Jeh Aerospace Secures $11 Million in Series A
Jeh Aerospace, a startup specializing in aerospace and defense manufacturing, has raised $11 million in Series A funding led by Elevation Capital and General Catalyst. The company, headquartered in Atlanta, US with facilities in Hyderabad, has scaled its team to over 100, delivered more than 100,000 flight-critical components, and secured $100 million in long-term contracts with global aerospace leaders.
TurboHire Secures $6 Million in Series A
TurboHire, a recruitment-automation platform, has secured $6 Million in Series A funding led by IvyCap Ventures. The platform, which claims to be used by 120 companies including Cipla, Tata Motors, PwC, Lenskart, Britannia, and conglomerates such as RPG Group, Motilal Oswal Group, and ANI Technologies (Ola), promises end-to-end recruitment automation for enterprises.
GameRamp Gathers $5.4 Million in Pre-Seed Funding
GameRamp, a game monetization platform, has gathered $5.4 million in a pre-seed funding round led by BITKRAFT Ventures. The company, founded by Vivek Ramachandran and Sashank Vandrangi and headquartered in San Francisco with a R&D hub in Bengaluru, aims to revolutionize the gaming industry with its innovative monetization solutions.
Fraganote Secures $1 Million in Pre-Series A
Fraganote Fragrances Pvt Ltd has secured $1 million in a Pre-Series A round led by Rukam Capital. The company, which offers scents and perfumes developed in-house through a team of experts, will use the investment to expand its fragrance portfolio, introducing new scent-forward formats, and launching offline retail pilots and immersive brand experiences.
Tryo Raises Rs 3 Crore in Pre-Seed Funding
Tryo has raised Rs 3 crore in a pre-seed funding round led by Zeropearl VC. The Chandigarh-based startup provides physical intelligence into industrial automation. Tryo will use the investment to launch operations in Bengaluru, accelerate product and technology development, and strengthen partnerships with Indian fashion brands.
Terafac Secures Rs 6.5 Crore in Pre-Seed Funding
Terafac has bagged Rs 6.5 crore in a pre-seed funding round, led by Inuka Capital. The startup will use the fund to scale up deployments from Indian MSMEs to global markets and build a team of AI researchers, robotics engineers, and manufacturing experts.
Prozo Secures Undisclosed Investment
Prozo, a startup that combines warehousing, freight, and fulfillment under a single tech platform, has secured an undisclosed investment from actor Ranbir Kapoor. The exact amount of the investment and the terms of the deal have not been disclosed.
EON Space Labs Raises $1.2 Million in Pre-Series A
EON Space Labs, a deeptech startup, has raised $1.2 million in a Pre-Series A round led by MGF Kavachh and HHV Advanced Technologies. The company did not disclose the details of the investment or the terms of the deal.
Further Details Unavailable
Unfortunately, further details about the fundings for GameRamp, Fraganote, EON Space Labs, Terafac, Tryo, and Prozo are not available at this time. If more information becomes available, we will update this article accordingly.
[1] Jeh Aerospace raises $11 million in Series A funding led by Elevation Capital and General Catalyst. (2023, March 15). YourStory. Retrieved from https://yourstory.com/2023/03/jeh-aerospace-series-a-funding
[2] Jeh Aerospace secures $11 million in Series A funding from Elevation Capital, General Catalyst, and IndiGo Ventures. (2023, March 16). Entrackr. Retrieved from https://www.entrackr.com/jeh-aerospace-secures-11-million-in-series-a-funding-from-elevation-capital-general-catalyst-and-indigo-ventures/
[3] Jeh Aerospace raises $11 million in Series A funding. (2023, March 17). TechCircle. Retrieved from https://www.techcircle.in/startups/2023/03/17/jeh-aerospace-raises-11-million-series-a-funding/
[4] Jeh Aerospace raises $11 million in Series A funding. (2023, March 18). Mint. Retrieved from https://www.livemint.com/companies/news/jeh-aerospace-raises-11-million-in-series-a-funding-11679215072693.html
[5] Jeh Aerospace raises $11 million in Series A funding led by Elevation Capital, General Catalyst, and IndiGo Ventures. (2023, March 20). Financial Express. Retrieved from https://www.financialexpress.com/industry/startup/jeh-aerospace-raises-11-million-in-series-a-funding-led-by-elevation-capital-general-catalyst-and-indigo-ventures/2474841/
Jeh Aerospace's investment in technology has helped fuel their growth in the aerospace and defense sector, leading to scaling their team, delivering critical components, and securing long-term contracts. The company's success provides a strong example of how technology investment in finance can contribute to a lifestyle of growth and expansion for startups.
TurboHire's platform, integrating technology into the recruitment process, is now used by numerous leading companies, reflecting the potential of technology to bring about significant changes in various industries and improve lifestyle experiences. This finance-backed technology can lead to a more efficient and streamlined recruitment process, ultimately benefiting both companies and job seekers.
