Agtech startup Aibono, IoT startup EroNkan, and automobile parts marketplace SparesHub are among the latest Indian startups to have raised funding.
Menterra leads $2.5m round for Aibono
Artificial intelligence-powered fresh food aggregation platform Aibono has raised $2.5 million in a pre-Series A funding round led by social impact investor Menterra Venture Advisors.
The round also saw the participation of Silicon Valley-based Milliways Venture, Zurich-based Artha Ventures, Japanese fund Rebright Partners and venture capital firm 3one4 capital.
The startup will use the funds to power its next phase of growth, wherein it plans to expand its market reach to more cities, rope in 1,000+ standalone retailers, strengthen logistics and ramp up its headcount. The company has more than 400 farmers on its network currently.
GVFL backs IoT startup EroNkan
Venture capital firm GVFL has invested an undisclosed amount in a Series A funding round for IoT startup EroNkan Technologies Pvt. Ltd, per an announcement.
EroNkan, which is headquartered in Ahmedabad with a product development centre in Bangalore, provides the infrastructure that enables IoT technology for applications across various industries including food and beverages, pharmaceuticals and discrete manufacturing verticals.
The startup plans to use the funds for technology development and to scale its operations.
Indian Angel Network invests in SparesHub
Indian Angel Network has invested Rs 3.5 crore in Pune-based automobile parts marketplace SparesHub.
The funding was led by Indian Angel members Neeraj Garg, Harsh Gandhi and Ankur Agarwal. The startup’s existing investor Holomua Group also participated in the round.
SparesHub will utilise the funds for geographical expansion and strengthening its technology capabilities.