Startups Sharpsell, Drizz, Family Space, among others, secure early-stage investments
In a series of recent funding announcements, several tech startups in India have secured significant investments to fuel their growth and innovation. Here's a roundup of the latest developments:
Sharpsell.ai Raises INR 30 Crore for Sales Playbook Automation
Sharpsell.ai, a Mumbai-based SaaS startup, has secured INR 30 crore (approximately USD 3.6 million) in a Series A funding round. The lead investor, Equentis Angel Fund, contributed INR 10 crore to the round. The startup, founded by Hanuman Kamma and Arun Subramanian in 2022, specializes in AI-powered sales playbook automation aimed at enhancing frontline sales performance.
The fresh capital will be strategically utilized to enhance product capabilities, deepen penetration across existing sectors, and drive global expansion, particularly in Southeast Asia and the Middle East and North Africa (MENA) regions. Co-founder and CEO Hanuman Kamma emphasized that the funding will help Sharpsell.ai sharpen its product roadmap, strengthen execution, enter new sectors, and begin its targeted international growth in these regions.
Sharpsell.ai is already being used by sales representatives across more than 30 leading Indian BFSI, auto, consumer electronics, and pharma companies.
Drizz Secures $2.7 Million for End-to-End Test Coverage
Drizz, another tech startup, raised $2.7 million (around Rs 23 crore) in a seed round, led by Stellaris Venture Partners. Drizz helps developers and QA teams to write, run, and maintain end-to-end test coverage using plain prompts in English.
Passprt Trips Obtains $500,000 for Personal Travel Advisor
Passprt Trips, a personal travel advisor founded in 2023 by Ujjwal Garg and Manoj Rai, raised $500,000 (around Rs 4.3 crore) in a pre-seed round led by Aroa Venture Partners. The startup is building a vertical large language model (LLM) stack for travel, powered by community-contributed data and an integrated supply network.
Passprt Trips plans to use the capital to deepen product capabilities, expand its community of travellers, and roll out to 20 destinations across Asia Pacific (APAC) and the Middle East over the next three months.
Family Space Expands with $1.5 Million Funding
Family Space, a company focused on family management, raised a total of $1.5 million (around Rs 13 crore) across its pre-seed and seed funding rounds. The funding enabled the company to enhance its technology, expand into new markets, and grow its team. However, the names of the early supporters were not disclosed.
Astra Studios Launches with Hombale Group and Perpetual Capital
Astra Studios, a creative-technology venture, was launched by Hombale Group and Perpetual Capital. The partnership involves an undisclosed investment from both parties. Astra Studios focuses on end-to-end creative solutions for films, series, brand campaigns, ideation, visualisation, VFX, generative AI solutions, and post-production development of original character universes.
These funding announcements underscore the vibrant startup ecosystem in India, with tech startups continuing to attract significant investments to drive innovation and growth.
The funding secured by Sharpsell.ai will be utilized to improve product capabilities, expand into new markets, and drive global expansion, primarily in Southeast Asia and the MENA regions. This investment, combined with their AI-powered sales playbook automation, aims to enhance frontline sales performance in various business sectors.
Drizz, another tech startup, raised funds to help developers and QA teams write, run, and maintain end-to-end test coverage using English prompts, aiming to streamline the software testing process in the realm of technology and investing.
