[Funding roundup] IITian Chacha, Kritsnam, Dvara SmartGold, GoalTeller, Meraqui, Goldsetu raise early-stage ca
Summary
The latest round of funding will be used to commercialise smart IoT (Internet of Things) and SaaS (software -as-a-service) solutions that help businesses manage their water usage digitally, reduce groundwater footprint, and comply with government regulations. Participants in the funding round included Dr Ranjan Pai (Chairman MEMG), Vivek Banka (Co-founder, GoalTeller), Pankaj Fitkariwala and Himanshu Bhagat (senior professionals from the wealth management industry), Vikas Poddar (Co-founder, Ashirvad Pipes and Principal at Vikas Poddar Family Office), Prashasta Seth (angel investor and Founder, Prudent Inv Managers) and Harsh Chhaparia (Partner, McKinsey and Co). The startup will use the capital to accelerate its journey to $20 million gross revenue by expanding to more cities in the next six months, launching new modules, and developing the next generation of technology services to make experiences immersive and effective. It will also provide the relevant financial and advisory services that small businesses need – such as accounting, loans, operations, taxes, compliances, and more - but often prove to be costly, thus hindering growth. Investors like Vineet Saxena (Co-founder, Myntra), Akash Gehani (Co-founder, Instamojo), Anuj Rathi (Product SVP, Swiggy), Sachin Agarwal (Co-founder, Bizongo, Karan Tanna (Founder, Ghost Kitchens), Sunder Nookala (Co-founder, Kwench) and Comdex Solutions amongst others backed the company.