Udit Agarwal

Highperformr.ai, a marketing SaaS startup floated by former Freshworks executives Ramesh Ravishankar and Srivatsan Venkatesan, has raised $3.5 Mn (INR 29.2 Cr) in a seed funding round 👇 The startup’s first product, Highperformr for Teams, leverages generative AI and LLMs to help B2B businesses maximise their return on investment (ROI) on social media campaigns. The fresh capital will be deployed to further the startup's research and development activity, build the platform's native AI capabilities, and expand its distribution network. To read more in detail, click here: https://lnkd.in/gV8tqWyU #startups #fundraising #growth #saas

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Q-Commerce overtaking traditional e-commerce? Currently we are seeing a big boom in terms of the different SKUs being sold in Quick commerce apps like Zepto, Blinkit, etc. - Atomberg Technologies 's fans - Sony's PS5 - Samosa, Chai and what not - Digital Gold from Jar! Zepto is in talks to raise $300m for its broader ecommerce play. While Swiggy is preparing to file for an IPO this year, incumbent Flipkart is readying its entry into quick commerce. Zomato has invested $240 million in Blinkit over the last one year. Taking a step back, the lines between quick commerce and traditional e commerce have started to become increasingly blurred with QCom pretty much catering to every needs! Also, multiple reports suggest that QCommerce can potentially become bigger than traditional e commerce in India!  Case in point : According to Goldman Sachs, the valuation of Blinkit is greater than Zomato's core food delivery biz! Non-grocery boom in Q-Commerce: Categories including beauty, toys, health and electronics are witnessing robust sales growth on quick-commerce platforms overall. While the overall base for the new categories is still small, aggressive expansion by these players is starting to ensure a dominant presence for these categories. Plus AOV is higher which also comes with better margins, making it a win-win! Case in point: Zepto - 2x sales MoM in segments such as toys and electronics accessories - Beauty category expanded 3x QoQ - ~15% of Zepto’s $1.2bn annualised gross sales currently comes from non-grocery products (Source: Goldman Sachs) For several D2C quick commerce has become the fastest growth channel as well as the platform with highest customer engagement This is definitely a positive for the consumers and the Q-Commerce players, but is everything on the up and up?   As the demand for space on quick-commerce platforms skyrockets, niche D2C cos in segments like FMCG, beauty and personal care, and health and fitness are agreeing to pay a 30-45% commission on sales, besides shelling out on advertising and discounting on these Q-Com platforms. On top of the commissions, brands are also regularly spending around 20% of their total sales on ads on the platforms, and discounting their products by about 20-25% (totaling 60-70% revenue!). This is in stark contrast to the 10-20% commission that large FMCG cos pay these platforms reflecting the intense competition for visibility. The brand's scale and comparison with competitors are crucial considerations when it comes to new listings. On the positive side, smaller D2C brands have seen 40-60% total revenue coming from Q-Commerce compared to ~10-20% from traditional ecommerce, which is surprising! Essentially, Q-com currently has a BIIIG Bargaining power against new D2C brands and can essentially make or break their businesses! Is this sustainable on the long run? #ecommerce #quickcommerce #india #zepto #businessmodel #d2c #startups #LIPostingChallenge

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CHANNELIAM FUNDING TRACKER RECENT UPDATES 1.    Chosen® Raises USD 1.2 Mn in Seed Round 2.    Clodura.AI Raises USD 2 Mn from Bharat Innovation Fund 3.    Digital marketing automation #startup Maino.ai raises $1.8 Mn 4.    #Healthtech startup DocPlix raises Rs 1.2 Cr in bridge round 5.    Speciality chemicals startup Scimplify to raise $5 Mn 6.    Robinhood acquires Bitstamp in $200M deal to expand #crypto presence globally #funding #startups #businessnews #channeliam

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LAIQA Wellness, a femtech firm based in Gurugram, acquired Rs 15 crore from IvyCap Ventures Advisors Private Limited. The company's tech-based solutions, which center on point-of-care assessments, AI-driven suggestions that combine current science and Ayurveda, and personalized hormonal health tracking. The app's unique algorithm helps users manage these shifts for increased productivity, better energy levels, and general wellness. It does this by objectively scoring health factors and providing cycle-synced actionable insights. LAIQA, a new approach to women's wellness, was founded in August 2023 by Monica Bindra, Harmeet Bindra, and Meenakshi Singh. The organization addresses hormonal imbalances through cycle-synced, individualized care. Its products address a broad spectrum of illnesses caused by hormonal imbalances, including PCOS, thyroid disorders, insulin resistance, sleep disorders, and other problems related to lifestyle. #laiqa #femtech #healthcare #india #startup

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Retail SaaS company Increff recorded a modest revenue growth of 4.5% in FY24, reaching Rs 92.68 crore, compared to Rs 88.68 crore in FY23. Founded by Rajul Jain, Anshuman Agarwal, and Romil Jain, Increff leverages algorithm-driven solutions to tackle complex inventory management and supply chain challenges. The company offers end-to-end merchandising and omnichannel inventory management solutions for both B2B and B2C sales channels. With a clientele of 700+ global retail brands across 13+ countries, Increff serves industries such as fashion, electronics, and healthcare, enabling automated decision-making, improved process accuracy, and sustainable retail practices. Read more at: https://lnkd.in/g_aXdQns #fy24 #financials #increff #saas #retailtech #startup

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Jiffy Daily... your go-to newsletter for daily news bytes from the World of Startups! Pneucons Vanta Devnagri AI Faad Network CRED Acko OneCare Gupshup Captain Fresh Yubi MediaMint Sequoia Capital Inflection Point Ventures #startupnews #startuphiring #saas #startupnews #funding #startupfunding #dailynews #newsinajiffy #YourTribe #startupnews #startuphiring #saas

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growX ventures Launches Fund II with Rs 400 Crore Target! GrowX Ventures, the B2B and DeepTech-focused VC firm has unveiled its Fund II, targeting a corpus of Rs 400 crore(approximately $47.1 million). The fund aims to support early-stage (Seed) and early-growth stage (Series B) startups across sectors like semiconductors, defense tech, space tech, fintech, health tech, and supply chain/logistics. Key Highlights: Seed investments up to Rs 10 crore Series B investments of Rs 20–30 crore Plans to back 20–24 startups in high-potential industries GrowX, established in 2008, is already renowned for its portfolio of game-changing startups like Pixxel, Bellatrix Aerospace, Progcap, and Locus. With Fund II, they’re doubling down on their mission to foster disruptive innovation and scalable business models in India. The first close of Fund II is expected by the end of 2024. GrowX also offers more than just funding – they provide hands-on guidance to founders for revenue acceleration, scalability, and sustainability. This is a significant move for India's DeepTech and B2B startup ecosystem! Read More: https://lnkd.in/gKsHEdXb #GrowXVentures #FundII #VentureCapital #DeepTech #B2BStartups #IndiaStartups #Innovation #SeedFunding #SeriesBFunding #TechNews

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Quick commerce logistics startup Blitz raises Rs 51 Cr in Series A round led by IvyCap Ventures. Blitz plans to use the funds to enhance its 60-minute delivery infrastructure and expand its dark store network across India’s top 20 cities. Blitz Read more at: https://lnkd.in/dRSHreb8

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#Digital Marketplace Headsup B2B Has Raised INR 18.89 CR in Investments Led by Harendra Singh Family Office - on #IndianConvention Business Wire India Headsup B2B, a bootstrapped venture with over INR 100 crores in lifetime revenue, has raised this funding to fuel its growth. Raised funds will be deployed in team development with a focus on 100+ senior and mid level hirings across India, improving the tech-enabled full stack platform in B2B space which will cater from discovery to fulfillment and financing in the near future, exploring new vertical commerce avenues, and expanding cross-border business.   Headsup B2B is a multi-category platform with a focus on infrastructure and green energy. Commenting on the development, Founder Sumit Kumar said, “B2B space offers untapped potential […] - https://lnkd.in/gq6q6sea 𝗖𝗹𝗶𝗰𝗸 𝘁𝗼 𝗝𝗼𝗶𝗻 𝘁𝗵𝗲 𝗙𝗮𝘀𝘁𝗲𝘀𝘁 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 - https://lnkd.in/gqWAqhyR 𝗙𝗼𝗿 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗔𝗺𝗮𝗮𝗻 𝗧𝗮𝗾𝘃𝗶 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝗼𝗻 𝗟𝗶𝗻𝗸𝗲𝗱𝗶𝗻 - https://lnkd.in/gX6Hv-iH +91 7275859841

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🚨Swiggy IPO gets oversubscribed led by QIB bids Swiggy’s IPO was oversubscribed 1.07 times by the third day, driven largely by QIBs, who oversubscribed their portion 1.52 times. Retail investors subscribed to 97% of their portion, while Non-Institutional Investors (NIIs) made bids for 22% of their allocation. Swiggy's employee quota also saw strong demand, with a subscription rate of 1.38 times. Swiggy raised around Rs 5,085 crore (approx. $605 million) from anchor investors like HDFC, ICICI, SBI, and global players including Fidelity and BlackRock. by Akshita Toshniwal | #SwiggyIPO #IPO #QIB #RetailInvestors #Foodtech Read more 👇 https://lnkd.in/ggm_piMt

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