Nitin Gupta

Chandigarh-based esports and gaming startup Oneiric11 Gaming has raised $1 million in a pre-Series A funding round co-led by NG Family Trust and TAC Holdings, with participation from several other investors. The startup plans to use the raised capital to expand its game development team, enhance technological infrastructure, and increase marketing efforts to reach a broader audience. Read the full story here: 👇 https://lnkd.in/dpzhQ_qw #funding #gaming #esports #investors #startup #chandigarh #indianstartupnews

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Pelocal Fintech Private Limited, a leading payment solution provider within WhatsApp, has raised $2 million seed funding led by Unicorn India Ventures. The funds will support expansion, improvements, and accelerate large-scale project deployment. In the last year, PeLocal's monthly payment transactions increased from 500K to 3M. Aiming to achieve 10M monthly transactions on WhatsApp within a year, the company plans to introduce a Marketing Catalogue and an SMB payments platform on the app. Founded in 2021 by Vivekanand Tripathi, PeLocal specializes in secure, end-to-end solutions using advanced communication channels and has successfully integrated payment platforms on Meta for smooth transactions with clients like Delhi Metro, Indraprastha Gas, and Mahanagar Gas. The firm is also trusted by multiple insurance companies for handling premium payments. PeLocal FinTech Private Limited is a financial technology company that was established on February 3, 2021, in Chennai. Their primary goal is to simplify the lives of merchants by offering them a platform where they can efficiently manage their customers, send requests for payments, and even set up reminders for customers to make their payments. With PeLocal's services, merchants can enjoy a seamless digital payment experience from any location. By automating payment collection through PeLocal, businesses can effectively manage their revenues on the move. Factacy.ai Congratulates and wishes them well. #innovation #management #digitalmarketing #technology #creativity #futurism #startups

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Gaming startup LightFury Games has successfully raised $8.5 million in a seed funding round, drawing investment from notable backers including Blume Ventures, Mixi Inc, and Gemba Capital. The funding round also saw participation from prominent angel investors such as Kunal Shah and Gaurav Munjal. With this capital injection, LightFury Games aims to embark on the development of AAA games—highly anticipated, high-budget titles—tailored for the Indian gaming market. Additionally, the startup intends to expand its team both in India and the UK. Karan Shroff, Co-founder of LightFury Games, expressed the company's vision, stating, "Our goal is to pioneer successful AAA titles within the Indian gaming landscape and establish a significant presence akin to industry giants like Tencent, originating from India. This endeavor will demand assembling top-tier talent and harnessing cutting-edge technological advancements to deliver unparalleled gameplay experiences." Shroff's fellow co-founders include Anurag Banerjee, a seasoned gaming industry professional with extensive experience at renowned companies such as Game7, Ubisoft, and WB Games Montreal Inc. Banerjee has played a pivotal role in the development of several acclaimed AAA titles, including Assassin's Creed, Batman's Arkham Asylum, and Suicide Squad. Tina Balachandran, formerly associated with Unacademy and Tencent Games, joins LightFury Games as a co-founder, further bolstering the team's expertise. Karthik B. Reddy, Co-founder and Managing Director at Blume Ventures, emphasized the significance of LightFury Games' unique blend of talent and vision, describing it as one of the most promising investments in the gaming industry. This strategic backing underscores the confidence of investors in LightFury Games' potential to redefine the gaming landscape. #lightfury #game #gamingsector #gamingindustry #karanshroff #tinabalachandran #anuragbanerjee #blumeventures #fundingalert #funding #fundraiseralert #unacademy #startup #startupgrowth #allboutcorps

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Stellaris Venture Partners has closed its $300M Fund III to support 25-30 startups over the next 3-4 years, reaffirming optimism in India's startup ecosystem. With over $600M in assets under management, Stellaris focuses on AI, SaaS, and fintech sectors. Key backers include Cisco, Infosys, and IFC. The fund will target inception-stage businesses, with Stellaris continuing to lead Seed and Series A rounds. The firm also announced leadership updates, appointing Naman Lahoty as Partner and adding AI/ML expert Vardhan Dharnidharka as Investment Principal. Notable portfolio companies include Mamaearth, Turno, Kiwi, and Whatfix. Stellaris' Fund III comes amid market shifts, including Peak XV downsizing its fund by 16%. Follow us for more updates! Email [email protected] to become a Channel Partner! Visit www.biztrademart.com for more information. #venturecapital #startups #funding #AI #SaaS #fintech #IndiaStartups #businessgrowth #StellarisVenturePartners #entrepreneurship #investmentopportunities #techinnovation #earlystagefunding #SeriesAFunding #emergingmarkets #IPO #publicmarkets #globalinvestment #digitaltransformation #startupsuccess #businessfunding

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CredFlow, a fintech startup focused on SMEs, has raised $3.7 million (approximately Rs 31.2 crore) in a pre-Series B funding round co-led by Inflexor Ventures and a Singapore-based family office. The Delhi-based company plans to utilize the funds to enhance its financial services, scale lending solutions, and advance its technological capabilities. Founded by Kunal Aggarwal in 2020, CredFlow offers a SaaS-based cash flow management platform that integrates with ERP systems like Tally and Busy, enabling SMEs to optimize working capital and improve financial decisions. With over 150,000 SMEs onboarded, $600 billion in digitized invoices, and nearly 50% of GST-registered businesses on its platform, CredFlow continues to empower small businesses across India. Its innovative credit scoring app, KuberX, has already reached 25,000 monthly active users and is poised for substantial growth by 2025. #CredFlow #FintechStartup #SMEGrowth #FundingUpdate #CashFlowManagement #KuberX #SaaSInnovation #StartupIndia #BusinessFinance #Startup77

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The crypto market, especially in India, is booming exponentially. With the rise of such massive interest in crypto, we’ve started holding live trading sessions. In these sessions, we do live trading and analysis and discuss the fundamentals of certain Cryptos & indicators. Here’s the clip from today’s session 👇 https://lnkd.in/ecEKXg8P #crypto #livesession

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Good news! 🎉 We're thrilled to announce the startups selected for Round 1 Virtual Pitch Fest. Check your emails for more details! #fucapital Clubout #Projectbae Lobby India - Building Esports Athletes Want to pitch your #startup in front of 50+ VCs and win $50k funding from investors like Animoca Brands, HashKey Capital and Momentum Capital. Don't miss this golden opportunity! Apply now : https://lu.ma/dnhnnn1d #DegenSummit2024 #DemoEve #Cryptoweb3 #Cryptoevent #Web3event #StartupFunding #PitchFest #VentureCapital #Startups #Entrepreneurs #InvestmentOpportunity #TechStartups #Innovation #VC #StartupLife #Funding #Entrepreneurship #BusinessPitch #Investors #TechInnovation #StartupChallenge #BusinessGrowth

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CHANNELIAM FUNDING TRACKER RECENT UPDATES: 1. #Wealthtech startup Dezerv raises $32 Mn in Series B 2. GOAT Brand Labs raises $21 Mn in debt and equity 3. Felicity Games raises $700K from DeVC, Nandan Reddy, Kunal Shah and others 4. Qarmatek Services Private Limited raises $1 Mn in pre-Series A round 5. Centriti raises Rs 6 crore in funding round led by Emergent Ventures India 6. Prosus Group to lead $100 million funding in BlueStone 7. #Recycling startup Ricron Panels bags Series A funding from Boon Sustainability, Others

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Levelling Up: comes at a cost!! India has the world’s biggest market for MOBILE GAMING boasting a user base of more than 500 million gamers and over 9.5 billion gaming app downloads in 2023. 🕴️More than 400 real money, gaming start-ups 💰Investments approx 23,000 crores 👩‍💻Industry offers employment to around 1.5 lakhs people And why not?? We offer 👉Low data prices 👉Robust public digital payment infrastructure 👉Low entry barriers for companies But the growth of this industry is under threat because of India’s constantly evolving tax regime. ‼️Income tax law, taxes, winnings from online gaming at the rate 30% excluding surcharge and cess. ‼️What hit further is the imposition of 28% GST on the face value of placed bets and not on gross gaming revenue. Should this result in 😨Job losses? 😨Loss of foreign investments? 😨Driving Indian gamers to illicit offshore platforms? #onlinegaming

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CredFlow, a fintech startup offering cash flow management solutions for Indian SMEs, has secured $3.7 million (over Rs 31.2 crore) in a pre-Series B round, led by existing investors Inflexor Ventures and a Singapore-based family office.   The startup offers various solutions for SMEs, including invoice collection, payment acceptance, payment reminders, and automated follow-ups. In its previous two funding rounds, the company raised $9.2 million from venture capitalists. In 2021, the company secured $2.1 million in a seed round, led by Stellaris Venture Partners, Omidyar Network India, and Flourish Ventures. Want to deep dive? For premium market intelligence and insights, explore VCCEdge (link in the comment section 👇) #Fintech #FamilyOffice #SMEFinance #VentureCapital #VCCEdge Kunal Aggarwal

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The 28% GST on CEA (Contest Entry Amount), up from 18% on GGR (Gross Gaming Revenue), is a heavy financial burden on domestic gaming platforms. This high tax rate is stifling domestic growth and unintentionally boosting illegal offshore platforms. #GSTReform #OnlineGaming #GamingIndustry #DigitalEconomy #IndianGaming #OnlineGamingTax #DigitalIndia #GamingPolicy #EconomicGrowth #DigitalTaxation

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#Update Antler India has invested in 62 startups since launching its $75 million fund last year. Meanwhile, the global entity aims to back over 6,000 early-stage companies by 2030. Antler India partner Rajiv Srivatsa advises AI startups to focus on solving real customer problems rather than simply incorporating AI for the sake of it. He warns against the "hammer-looking-for-a-nail" approach, emphasizing the importance of market fit and customer needs over technology. Antler's Residency program helps early-stage entrepreneurs find ideal partners and build strong foundations for their ventures. Read the story: https://ow.ly/JMWI50SUpzj Story by: Paromita Gupta #AntlerIndia #startupinvestment #VCfirm #earlystagefunding #residencyprogram #cofounder #equalpartnerships #customercentric #AIstartups #techfounders

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🔥Chirag Gupta , Managing Partner at🔥 8X Ventures 🚀🚀8X Ventures Announces First Close of INR 200 Cr DeepTech Fund🚀🚀 🔥🔥8X Ventures, a company that invests in early-stage startups, has announced the first closing of its new INR 200 crore deeptech fund with an option to increase by another INR 100 crore🔥🔥 🌟Fueling Innovation: 8X Ventures’ INR 200 crore deeptech fund exemplifies their commitment to fueling cutting-edge innovation, supporting the growth of transformative technologies. 🌟Empowering Pioneers: This substantial fund empowers early-stage startups to pioneer groundbreaking solutions, pushing the boundaries of what’s possible in deeptech. 🌟Driving Technological Advancement: With the first close of their deeptech fund, 8X Ventures is set to drive significant technological advancements that can revolutionize industries. 🌟Inspiring Bold Ideas: The fund's launch inspires entrepreneurs to pursue bold, innovative ideas, knowing they have strong financial backing and support. 🌟Building the Future: 8X Ventures is committed to building a future where deeptech innovations solve complex challenges and improve lives. 🌟Championing Early-Stage Startups: By focusing on early-stage startups, 8X Ventures champions the next generation of deeptech leaders and innovators. 🌟Catalyzing Growth: The deeptech fund serves as a catalyst for growth, providing the necessary resources for startups to scale and succeed. 🌟Expanding Possibilities: The option to increase the fund by another INR 100 crore showcases 8X Ventures' dedication to expanding possibilities and supporting even more groundbreaking projects. 🌟Encouraging Breakthroughs: This initiative encourages startups to strive for breakthroughs that can have a profound impact on technology and society. 🌟Commitment to Excellence: 8X Ventures’ launch of the deeptech fund reflects their unwavering commitment to excellence and their belief in the transformative power of technology. ✅️Share Your Startup Story 🚀📲 https://lnkd.in/ggir3Qap ✅️visite our website🌐 https://lnkd.in/dad4nH #CommitToExcellence #EncourageBreakthroughs #ExpandPossibilities #CatalyzeGrowth #ChampionStartups #BuildTheFuture #InspireBoldIdeas #DriveAdvancement #EmpowerPioneers #FuelingInnovation #scoopearth

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𝐇𝐨𝐮𝐬𝐞𝐄𝐚𝐳𝐲 𝐑𝐚𝐢𝐬𝐞𝐬 $7𝐌 𝐭𝐨 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐞 𝐇𝐨𝐦𝐞 𝐑𝐞𝐬𝐚𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭! 🎉 🚀 𝐌𝐚𝐣𝐨𝐫 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐌𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞 Noida-based prop-tech startup HouseEazy has successfully raised $7 million in a Series-A funding round led by Chiratae Ventures, with participation from Alteria Capital and existing investor Antler. This round, a mix of equity and debt, will propel HouseEazy’s growth across new geographies, particularly in tier 1 cities like Pune, Mumbai, and Bengaluru. 🌟 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐑𝐞𝐬𝐚𝐥𝐞 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 HouseEazy is on a mission to disrupt the $90 billion secondary real estate market, which has long been plagued by pricing uncertainty, timeline delays, and fragmented inventory. With its full-stack marketplace, HouseEazy offers real-time price quotes to sellers using a proprietary machine-learning algorithm, streamlining transactions and eliminating the need for multiple negotiations. For buyers, the platform provides exclusive access to refurbished inventory, enhanced by AR/VR tools such as 3D walkthroughs and virtual staging. 📈 𝐈𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐚𝐣𝐞𝐜𝐭𝐨𝐫𝐲 Since its seed financing in December 2023, HouseEazy has achieved a GMV ARR of ₹425 crore and is on track to hit ₹1,800 crore GMV ARR within the next 15-18 months from the NCR market alone. Co-founder Deepak Bhatia envisions HouseEazy growing to surpass many pan-India developers, given the secondary market's size—twice that of the primary market—and its untapped potential. 🛠️ 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠 HouseEazy is not just a marketplace but a complete solution for resale customers. In addition to buying and selling, the platform offers mortgage, legal, and registry facilitation services, making it a one-stop shop for all resale real estate needs. 👏 𝑪𝒐𝒏𝒈𝒓𝒂𝒕𝒖𝒍𝒂𝒕𝒊𝒐𝒏𝒔 𝒕𝒐 𝑯𝒐𝒖𝒔𝒆𝑬𝒂𝒛𝒚! KwikFundz is excited to witness HouseEazy's innovative strides in the real estate market. Wishing the entire HouseEazy team continued success as they scale new heights and reshape the future of resale real estate in India! 🏠🚀 #Startups #InvestmentNews #StartupIndia

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With the initial public offering (IPO) boom in full swing in the Indian equity market, coworking startup Smartworks filed its draft red herring prospectus (DRHP) with the capital markets regulator SEBI last week 👇 The startup’s IPO will comprise a fresh issue of INR 550 Cr and an offer for sale (OFS) of 67.49 Lakh equity shares. The startup also plans to raise INR 110 Cr through a pre-IPO placement prior to filing its red herring prospectus (RHP). According to the draft documents filed by the company, Smartworks has 73 shareholders, with 7 in the promoter and promoter group and 66 public shareholders. #news #IPO #shareholders #smartworks #Sebi #market #shares #startup #startupnews #business #businessnews #growth #marketing #strategy #India #Inc42

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