All Things Baby, Ikin Global, BitSave, DevX secure early-stage cheques
Summary
The company claims to have served over 35,000 families across India.This first external investment will be utilised to accelerate ATBs growth across key business areas. These include expanding its product range, growing its portfolio of international brands, strengthening its distribution network, and scaling its omnichannel presence by launching exclusive experiential retail stores in major metro cities.Other participants in the round include Huddle Ventures, Zeropearl Ventures, and personal investments from RENEE Cosmetics co-founders Ashutosh Valani, Priyank Shah, and Aashka Goradia Goble, Mamaearth founder Ghazal Alagh, Tracxn founder Abhishek Goyal, and Astrotalk founder Anmol Jain.The company plans to use the fresh funds to build a skilled team, enhance brand visibility, and improve the retail experience for customers, it said in a statement.Ikin Global, an IoT smart lock brand created by SectorQube, has raised $1 million in a pre-Series A funding round, led by Unicorn India Ventures and Callapina Capital, with participation from existing investors.The fresh capital will be used to enhance its current product line with new launches featuring AI-powered analytics, advanced sensor technology and industry-specific solutions. The company also plans to expand its presence across key markets, including India, the US and Europe, by strengthening its sales, marketing, operations, and support teams.Ikin Global claims to have an order book of 20,000 smart locks and is targetting revenue of Rs 30 crore from its smart locks business in the logistics sector.Founded in 2022 by Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu KarthikeyanBitSave plans to utilise the funds to secure necessary licences, enhance its product offerings and boost brand awareness. The company also intends to expand its operations from India to other Asian countries by 2025.Targetting working professionals and high-net-worth individuals (HNIs), BitSave focuses on long-term passive investment solutions. The platform emphasizes transparency, safety, and simplicity, aiming to provide a seamless investment experience, according to its statement.