Kunal Shah, Varun Alagh and Gokul Rajaram invest in PropReturns
Real estate investment platformraised an undisclosed amount of funding through a strategic round from a large number of angel investors, including Kunal Shah (Founder, CRED), Gokul Rajaram (board member, CoinBase and Pinterest), Varun Alagh (Co-founder, Mamaearth), Sandep Agarwal (Co-founder, ShopClues and Droom), Nitin Jain (Co-founder, O’AgriFarm), Karan Virwani (CEO, WeWork India), and 1947 Ascensionamong others.
The company said it will add more asset classes, increase the investor base, partner with more distribution partners/real estate brokers, property developers and owners, and expand the technology team. It is also considering geographic expansion beyond Mumbai and Delhi-NCR, to Pune, Hyderabad and Bengaluru.
Founded in 2020 by BITS Pilani graduates Kenish Shah, Jayant Panwar, and Sleep Mathur, PropReturns lists commercial rental properties, land, distressed opportunities, REITs and real estate debt to allow investors to earn rental income or gains through capital appreciation.
It uses artificial intelligence (AI) based algorithms and a proprietary database to provide market trends and financial analysis for investors to make data-driven decisions besides making the process smoother.
As of now, the platform claims to have listed over 600 investment options.
“In just one year of operation, PropReturns has completed transactions worth over Rs 100 crore through the platform. Our goal is to build the largest real estate investment ecosystem in India and this funding will be deployed to grow the business by increasing deal volume and expanding the team,” said co-founder Jayant Panwar.
PropReturns co-founders Kenish Shah, Jayant Panwar and Somil Mathur
SaaS startup Attentive raises $5M from Sequoia Surge and InfoEdge Ventures
Inc., an AI-based SaaS (software as a service) startup, raised $5 million Sequoia India’s Surge Fund and InfoEdge Ventures.
The startup offers a SaaS-based sales automation platform to the outdoor services industry that includes landscaping, snow removal, paving, and pest control companies. They claim to be the only AI-based solution on the market and are used by major commercial landscaping companies in the United States.
Some of its clients include Juniper, US Lawns, Beary Landscaping, Greenscape, Nanak, Perficut, United Land Services, Merit, Continuum Services and East Coast Facilities.
The final funds will be used to build the platform, add more modules to automate the remaining landscaping workflows, hire talent in product, technology and sales, and expand operations in the United States and in Canada, said the co-founder. Sarthak Vijay.
“With rising inflation and rising labor rates, landscapers are looking to automate archaic manual workflows and gain efficiencies. Only we have the technology infrastructure to truly automate the traditional workflows and save time on manual tasks like measuring every site feature to bid on a new property,” said Shiva Dhawan, co-founder and CEO of Attentive.
Founded by graduates of IIT Delhi Shiva Dhawan and Sarthak VijayAttentive aims to create software that solves pressing problems for more than 600,000 landscaping and outdoor service companies by changing the way they conduct sales and operations.
Commenting on the fundraising, Amit Behl, partner at InfoEdge Ventures, said, “It’s rare to see an Indian product company get the kind of customer acceptance, appreciation and love that Attentive gets from its first customer base in the US. With this round, the company is well capitalized on its journey of responsiveness and diligence as it develops an AI-led vertical SaaS product for the $200 billion landscaping and outdoor services industry, vast but fragmented, in the United States.
Content monetization platform ConsCent raises Rs 13.26 Cr
Content monetization platform Conscent raised a total of 13.26 million rupees (about $1.75 million) in a bridge round led by Inflection point companies. Startup fund Varanium Capital, RiSo Capital, SucSEED Innovation Fund, Sigurd Ventures, Startup Angels Network, AngelList, PitchRight Ventures and angel investors Vijay Sivaram (CEO, Quess IT Staffing), Sandeep Aggarwal (founder, Droom), and Gazal Kalra (former co-founder, Rivigo), also participated.
This is ConsCent’s second round since raising seed capital from Rs 4 crore in August 2020 from AngelList, WhiteBoard Capital, PitchRight Ventures; and big name angels like Vijay Shekhar Sharma (Paytm), Ritesh Malik (Innov8), Sandeep Agarwal (Droom), Suhail Sameer (BharatPe) and Varun Alagh (Mamaearth).
Founded by former journalists Sunny and Sunak Mitra, ConsCent provides comprehensive micropayment to subscription stacks with analytics and engagement tools for content businesses. It’s built on a universal connection and interoperable payment mechanism that helps businesses get more paying users and convert them over time into long-term subscribers, and manage their renewals.
The startup currently provides technology to India Today Group (India Today, Cosmopolitan and Business Today), Outlook India Group (Outlook India and Outlook Business), MidDay, Indian Retailer, Amar Ujala, Udayavani, Amar Chitra Katha, EPIC On, Tinkle Comics and New Indian Express.
ConsCent will primarily use the new funding to develop the product. “We will expand our technology team and launch more 15 new products and features over the next 12 months in the areas of payments, engagement and retention, and design. We are also developing an all-new AI/ML-based personalization engine to ensure the highest level of content affinity for every content consumer,” said co-founder Sunny Sen.
Mitesh Shah, co-founder of Inflection Point Ventures, said, “Content in the form of news is a powerful consumer tool. Increasingly, serious readers prefer to switch to a subscription model because amidst the noise, it is difficult and time-consuming to get meaningful content. We believe this fusion of content and fintech has the potential to disrupt traditional content as we know it.
Sunny Sen and Sounak Mitra, co-founders of ConsCent
Quantum computing startup BosonQ Psi raises $525,000
Boson Q Psi (BQP)a quantum-powered SaaS software company, raised $525,000 in pre-seed funding led by Capital 3to1.
Angular investors from India and the United States, including Abhay Tandon, Vijay Sethi (ex-CIO of Hero Motor Corp), Chandan Chowdhury (former CEO, Dassault Systemes), Saptorshi Hore, Neeraj Khandelwal, Ankur Jain, Vijay Rajagopal, Abhishek Surekaas good as Shankar Rachakonda and Anand Reddy also participated in the tour.
The startup was founded by Abhishek Chopra, Rut Lineswala and Jash Minocha in 2020. It claims to develop the world’s first quantum-powered engineering simulation software –BQPhy. The MVP was launched earlier this year at the Quantum Business Europe conference. The team is currently conducting pilot projects with global automotive, aerospace and manufacturing companies.
It plans to launch alpha and beta versions later this year, followed by commercial launch in 2023.
The startup aims to deploy the funds to accelerate product development and expand in Asia, North America and Europe to meet growing demand. Additionally, the startup will invest the funds to hire international talent in technical, sales and marketing teams.
“Large-scale engineering simulations are essential in the development of highly engineered products, from cars to planes or from drug discovery to additive manufacturing. Quantum computing, with its unimaginable power, will open up the new realm of such simulations which previously could not be performed accurately or were cost and time prohibitive. With BQPhy, engineering and R&D teams can now avoid costly recall issues and accelerate their product innovation cycle, respectively. For businesses, this means reducing CAPEX and OPEX respectively,” said Abishek ChopraCo-founder and CEO.
BosonQ co-founders Abhishek Chopra, Rut Lineswala and Jash Minocha
Analytics startup Ganit raises pre-Series A round
Chennai-based data analytics startup Ganit raised an undisclosed amount in its pre-Series A funding round led by Sangeet Kumar(Co-founder and CEO, Addverb Technologies), Krishnan Vishwanathan (Co-founder and CEO, Kissht), as well as Anshul Gupta and Amit Raj (Co-founders, EatClub Brands), among others.
Founded in 2017 by Shivaprasad KT, Ashok Harwani and Hariharan R, the platform enables enterprises to translate data into actionable insights, designing and deploying purpose-built AI/ML solutions. The objective is to minimize the decision risk in all sectors. The company currently works with companies in the retail, pharmaceutical, consumer products and services, and BFSI industries.
It aims to deploy the funds to expand its product portfolio in various spaces including but not limited to Voice of the Customer, Forecasting, Promotion Planning, Route Optimization, Price Optimization , as well as fast-growing emerging areas such as ESG (Environmental, Social and Governance). Additionally, it plans to double its workforce to 500 by the end of 2023.
“We are excited about the possibilities of the data analytics and AI ecosystem and their impact on various industries. Our sole focus is to empower businesses with data-driven decision-making capabilities,” said co-founder Shivaprasad KT.
(This article will be updated with the latest news throughout the day)