Fintech startup Propelld, women hygiene products maker First Step Digital, skilling platform Caymus Technology, and Sepal are among the latest startups to have raised funds.
Stellaris invests in Propelld
Existing investor India Angel Network Fund (IAN Fund) also participated in the round along with others including Raghunandan G, founder of Taxiforsure and Ramakant Sharma, founder of Livspace, who participated as members of Stellaris’ Founder Network.
With this funding, the firm plans to increase its base of institutes and students 10x over the next 18 months.
IAN backs First Step Digital
The company said the investment is a precursor to a bigger $5-million round that it is planning to raise by the end of the year.
Existing lead investors Vikas Kuthiala and Ishan Singh participated in the latest funding round along with other strategic and high-net-worth individuals. The startup plans to use the funds to sustain the ongoing marketing and distribution expansion initiatives.
Sepal bags funding from SucSEED
The startup plans to use the funds for product development and to enter the last-mile delivery market.
Sepal, operated by Skavionn Auto Pvt Ltd, was founded by Vidhey Addepally and Sriram Kashyap. The Sepal device is a water-repellent canopy for two-wheelers for a smooth and comfortable ride whether it is scorching or showering outside.
Silicon Valley investors back Caymus
Mumbai-based skilling platform, Caymus Technology Ventures, has raised an undisclosed amount from a clutch of angel investors from India and the US.
Silicon Valley’s Rob Solomon participated in the round and will join the advisory board as a mentor to the Founder and CEO. This capital will help Caymus fuel growth and make significant investments to its core AI-based technology and product stack.
Caymus’s flagship product, Lore, is targeted at recent graduates and experienced professionals looking to upskill themselves.