202411 Apr

Startup news and updates: daily roundup (April 11, 2024)

Summary

Brazilian logistics fintech startup goFlux has raised $6 million (around R$ 30 million) in a Series A funding round led by Capria Ventures, with follow-on investment from SP Ventures.New investors such as The Yield Lab Latam (Argentina), Blue Impact Global, Reflect Ventures, and Arrebol Capital also participated in the round.goFlux will use the proceeds of the round to boost salesforce and fintech capabilities, improve platform functionalities, security and compliance, and also invest in AI for freight prediction.We see a huge opportunity for goFlux to not only promote access to underbanked SME carriers through its factoring product but also to apply generative AI to enhance productivity and help their customers with easier decision-making and strategic planning in a complex data-rich domain, said Will Poole, Managing Partner, Capria Ventures.goFlux, which is currently present in Brazil, plans to expand to Argentina, Paraguay, Uruguay, Mexico and the United States.Headquartered in the city of S\xe3o Paulo, goFlux emerged in 2018 as a fully digital platform for quoting, negotiating, contracting, and managing road freight.Butterfly Learnings, a platform in paediatric behavioural and developmental health, secured Rs 32 crore in a Series A funding round led by Insitor Impact Asia Fund II and Enzia Ventures, with participation from CIIE (IIMA Ventures), Foundation Botnar, 9 Unicorns, and Venture Catalysts.The funds will fuel Butterfly Learnings expansion efforts as it aims to scale its technology-enabled therapy programmes to equip neuro-diverse children to integrate with society and manage their lives better.Serving about 2,000 families across 30 centres in Maharashtra, the company plans to extend its reach across multiple states and cities in India through a 200-centre network.With this network, Butterfly will provide therapy to children across socio-economic strata but more importantly, provide access to outcomes-linked, personalised therapy to each child, Karuna Jain, Partner at Enzia Ventures, said.Arrivae, a manufacturer of made-to-order furniture and a home improvement platform, raised Rs 21 crore from Mithun Sacheti, CEO of CaratLane.Arrivae aims to expand its distribution further. Its vision is to democratise design by making it accessible, affordable, and seamlessly integrated into customers ideas and dreams.The home improvement industry is rapidly becoming one of Indias most lucrative markets involving deep engagement and emotions from the consumers. With one of the largest design libraries in the sector, Arrivaes #HoJayega sentiment, enabled by its integrated supply chain model and distribution for home improvement play, taking it closer to the consumer makes them well positioned to solve this problem for the consumers, Sacheti, who also joins the Board of the Company, noted.Landscaping startup, Garden of Joy has secured Rs 84 lakh in a seed funding round led by Inflection Point Ventures.The company plans to use the funds to expand operations in Bengaluru, expand to five new cities, develop a design tool with a pricing calculator, and vertically integrate through owning workshops for fabrication and civil work.Relaxation is a luxury for the populace in urban cities, where work-life balance is often neglected. Garden of Joy, by offering customisable landscaping solutions, brings affordable beauty to everyday spaces like terraces and balconies with a focus on rejuvenation amid busy lifestyles, said Vinay Bansal, Founder and CEO of Inflection Point Ventures.The startup claims to have completed over 100 landscaping projects within the first 18 months of inception.Simactricals, incubated at Startup Incubation and Innovation Centre, IIT Kanpur, has raised Rs 75 lakh through the SanchiConnect pre-seed cohort programme. It is headquartered in Kanpur.Tribe Co-Living to enter new markets; plans to add 5K beds by 2026Tribe Student Accommodation and CoLiving announced expansion by introducing a hybrid hospitality segment to build on more co-living spaces across Pune and Indore.From its current presence of close to 500 beds across Mumbai and Pune, Tribe will not only expand its geographical presence across Pune and enter the Indore market but also will add 5,000 beds by 2026.Tribe aims to deploy new funds for property expansion, tech, and business operations.Terraeagle Technologies, a cybersecurity services organisation, is expanding into the Australian and New Zealand regions, marking a significant milestone in its global growth strategy.The organisation already has operations across India, Bahrain, and the US.A NASSCOM member, Terraeagle is the only cybersecurity firm part of the delegation to set up an office at the Sydney Startup Hub.This strategic alliance between India and Australia in cybersecurity aims to strengthen the defence mechanism of both countries fostering a secure digital environment and contributing to regional and global stability in the domain.Saarthi GreenTech, an Indo-Australian clean-tech company, opened a factory in Chakan, Pune, to produce hydrogen fuel systems.In the first phase of its operation, the 10,000 sq.

Source: Yourstory

Funding

$100.74K
Amount
Apr 11 2024
Date
-
Investor
Garden of Joy
Company

Classifications

Companies