Indian startups continue to attract investor attention. Community-led commerce platform Marsplay, Nocca Robotics, flex-space technology platform Qdesq, and Truebil are among the latest startups to have raised funding.
Venture Highway backs Marsplay
New Delhi-based community-led commerce platform Marsplay has raised an undisclosed amount in a pre-Series A led by Venture Highway with participation from Alvin Tse from Xiaomi, and Jonathan Lau, Partner, Cadorna Ventures.
Existing angel investors including the personal offices of Shailesh Rao, a partner with TPG Growth, and Nikhil Mohta, Director, ICICI Ventures also participated in the round. The startup plans to use the funds to build its product engineering team and build a strong creator community.
IAN Fund invests in Nocca Robotics
IAN Fund, a seed/early-stage fund, has led an investment worth Rs 12.4 crore in Pune-based Nocca Robotics. The investment also saw participation from prominent angel investors from Indian Angel Network.
Founded in April 2017, Nocca Robotics leverages technologies such as artificial intelligence, machine learning, deep learning, and robotics to provide automated, waterless and shareable solar panel cleaning solutions for utility-scale solar parks.
Nocca Robotics will leverage the capital infusion to set up a robust manufacturing facility to create these robots with improved quality control. This establishment will cater to 1GW of solar power per year. The company will also use the funding to bolster its R&D and strengthen the production team to deliver best-in-class products.
Truebil gets funding from Spiral Ventures
The startup, which raised $14 million in Series B funding in January this year, plans to use these additional funds to strengthen the technology stack. Founded in 2015, Truebil has raised a total of about $28 million in funding till date.
JLL Spark invests in Qdesq
JLL Spark, the Silicon Valley-based venture capital arm of JLL, has invested an undisclosed amount in Gurugram-based flex-space technology platform Qdesq. Through this investment, the proptech-focused fund has marked its first India focused investment, JLL said in a statement.
With this investment, Qdesq plans to invest in the analytics capabilities of its technology platform to allow enterprises to better self-solution their future real estate footprint.