Funding Obtained by BeyondSquare, Amaani, MyNaksh, FarmDidi, and Pelocal
In the dynamic world of tech startups, several companies have recently secured significant investments to fuel their growth and expand their offerings.
Amaani Raises $3 Million for AÏZA, its Debut Arab Beauty Brand
Dubai-based skincare brand Amaani has secured $3 million in seed funding for its debut beauty brand, AÏZA. The funding round was led by UNLEASH Capital Partners and Unicorn India Ventures. Amaani plans to scale AÏZA across the MENA region and globally, both online and through retail, while developing a portfolio of future brands.
Pelocal Secures $5 Million in Series A Funding
Fintech startup Pelocal, based in Noida, has raised $5 million in a Series A round. Founded in 2021 by Vivekanand Tripathi and Vikas Garg, Pelocal offers an AI-powered payments orchestration platform. The platform leverages WhatsApp's 700 million-plus active users in India, providing large enterprises with a seamless way to acquire, engage, and collect payments from customers within the app.
BeyondSquare Raises $4 Million in Series A Funding
BeyondSquare Solutions, a Bengaluru-based financial reporting company, has raised $4 million (Rs 35.2 crore) in Series A funding from enterprise software firm Avant Global Corporation. The investment in BeyondSquare will be executed in three tranches and will be used to strengthen its flagship financial reporting tool, FinAlyzer. FinAlyzer automates financial close, consolidation, and compliance, making it an essential tool for businesses seeking to streamline their financial operations.
MyNaksh Secures Rs 7.5 Crore in Pre-seed Funding
AI-powered astrology startup MyNaksh has secured Rs 7.5 crore ($0.8 million) in a pre-seed round. MyNaksh combines AI-driven personalization with guidance from human astrologers and operates on a subscription model.
FarmDidi Raises Over Rs 7 Crore in Seed Round
Direct-to-consumer pickle brand FarmDidi has raised over Rs 7 crore in its seed round. The seed round was led by Samved Ventures, with participation from LetsVenture, Indigram Labs, IIM Calcutta Innovation Park, and angel investors from IIM Calcutta and Symbiosis.
Startups Aim for Growth and Expansion
The fresh capital will be used by these startups to accelerate product development, expand use cases, and drive go-to-market efforts. Amaani, for instance, aims to scale AÏZA across the MENA region and globally. Pelocal, on the other hand, aims for an annual recurring revenue (ARR) of $10 million in the next 18-24 months.
As these startups continue to grow and innovate, they are poised to make a significant impact in their respective industries and contribute to the vibrant startup ecosystem in India and beyond.
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