Mumbai Angels Network, We Founder Circle, Appyhigh, Lets Venture invest USD 150,000 in hyperlocal content platform, Knocksense

 

Mumbai Angels Network, We Founder Circle, Appyhigh, Lets Venture invest USD 150,000 in hyperlocal content platform, Knocksense

The funds will go towards upgradation of flagship product KnockOFF and expanding footprint

16, November, 2021: Mumbai Angels Network, a premium early-stagestartup investment platform, along with We Founder Circle, Appyhigh and Lets Venture, invests USD 150,000 in hyperlocal content platform Knocksense’s bridge round.   Knocksense recently launched its flagship product, KnockOFF, which connects local brands and freelancers with consumers, creating a content-driven community that enables transactions at the city level. Knocksense will utilize the fresh capital to upgrade KnockOFF and expand its footprint in new cities before proceeding to its Pre-Series A funding round in Q1 of 2022.

“Today, content consumption has skyrocketed, and people are constantly on the lookout for new, engaging content. Given the volume of content produced, social media and mainstream media platforms are bound to miss out on highly engaging, appealing content. That’s where Knocksense comes in. The platform’s expertise in bringing uncovered content to the masses has enabled it to achieve rapid growth. We are confident that the latest funding will further enable them to scale and reach greater heights.” added Nandini Mansinghka, Co-Founder & CEO - Mumbai Angels Network.

Vibhore Mayank, Founder of Knocksense, said, “Knocksense Media Services Pvt. Ltd. was launched with the aim of bringing visually-appealing and informative content that usually goes uncovered by the mainstream media houses and even social media platforms. With the launch of our flagship product, KnockOFF, in August, we have witnessed remarkable growth in all aspects; the transactions, reach, revenue, GMV, and subscription rate have risen by 100% month-on-month. We are delighted to be backed by marquee investors, and this capital will allow us to launch our full product in new geographies before we look at the next round of fundraising in early 2022.”

Founded in November 2016, Knocksense Media Services Pvt. Ltd. is a hyperlocal news and recommendations platform producing non-divisive content currently present in six cities, including Lucknow, Delhi, Noida, Indore, Jaipur, and Mumbai.  On average, the platform generates 10-20 million organic impressions per month – numbers that have soared since the launch of its flagship product, KnockOFF. Founded by Vibhore Mayank and Varul Mayank, Knocksense raised a funding of USD 200,000 earlier this year.

About Mumbai Angels:   Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 187+ strong portfolio across sectors and cities across India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 70 of them. Today the platform has 550+ investors spread across 40+ cities within and outside India.

Mumbai Angels Network has participated in a USD 2.6 million funding round in ed-tech platform beGalileo, along with Navneet Tech Ventures and other investors

 

View this email in your browser Mumbai Angels Network has participated in a USD 2.6 million funding round in ed-tech platform beGalileo, along with Navneet Tech Ventures and other investors The ed-tech platform now plans to reach newer markets and deepen its presence in a few existing markets to take its paid user base to over 250,000 with the latest capital infusion 15th, November, 2021: Mumbai Angels Network, a premium platform for early-stage venture investments, has participated in a fundraising round for beGalileo, along with Navneet and other investors. beGalileo has raised USD 2.6 million and will utilize the freshly infused capital to increase its paid user base while continuing its differentiating spree adding technology & learning to its repertoire. Speaking on the funding, Nandini Mansinghka, Co-Founder & CEO - Mumbai Angels Network, said, “Ed-tech is one of the sectors that has witnessed tremendous growth in recent years and India’s ed-tech sector is already one of the largest in the world. At such a juncture, it’s imperative to have platforms that use innovative solutions not just to impart knowledge but ensure that today’s youth are shaped into highly skilled professionals tomorrow. beGalileo is doing precisely that by enabling students to develop conceptual understanding, application, and above all, thinking and reasoning skills. We are confident that beGalileo has immense potential to grow and scale further to make an impact in the lives of more students in the country.” Focused on providing a 360-degree coverage for building foundational cognitive capability & problem-solving skills using Math, Logic & Code as levers- thereby ensuring academic excellence as a certain byproduct. beGalileo endeavors to ensure students gain a deeper understanding of what it means to think mathematically and use math to navigate their everyday lives. Vivek Shaurya, Co-founder, beGalileo summed up their plan “We bring a multi-channel, multidisciplinary approach at scale by leveraging cutting-edge technologies such as AI and IoT with top-notch, curated content. We are of the view that the contemporary learning needs of children are still under-served vis-à-vis evolving constraints & challenges in the new world, which also brings immense potential via digital tools & techniques. Our vision is around this space, where we see huge scope for cohesive & comprehensive offerings.” “Early learning is as much about the outcome, as it’s about foundational, cognitive capability building and this needs a much more holistic, ecosystem approach to learning than just transposing traditional teaching into digital”. With Navneet’s backing us in our journey as we enter our growth phase, we look forward to accelerating our work and shaping students into future-ready professionals & leaders,” added Avneet Makkar, co-Founder of beGalileo.  Ketan Gala, President, Navneet Tech Ventures, commented on the development “While being the largest Listed entity with pan-India presence, we have been building stakes into new offerings & next-gen capabilities. beGalileo, the product offering, roadmap & the founding team's vision has shown great results with very high CSAT & renewals and has greater scale potential not just in India but across many markets globally. Navneet's reach, experience & capabilities in content, digital & traditional, with its established eco-system of ED players across the globe are expected to fuel beGalileo’s journey to a uniquely positioned global product ." About Mumbai Angels:   Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 170+ strong portfolio across sectors and cities across India. Of the overall portfolio the platform has exited/ secured the next round of funding for 70 of them. Today the platform has 550+ investors spread across 40+ cities within and outside India.

Dhruva Space, our portfolio company raises INR 22 Cr to meet the future of space-tech innovation in India

 

Mumbai Angels Network, Indian Angel Network, Blue Ashva, and other marquee investors invest INR 22 Cr in Dhruva Space, a Space Technology startup

Having recently received orders from the DRDO, Dhruva Space is currently serving markets in India, Europe & South America. The funds will be utilized for executing orders at hand, expanding to other geographies & in-orbit demonstrations.

29, October, 2021: Mumbai Angels Network, a premium startup investment platform for early-stage venture investments, along with Indian Angel Network (IAN), Blue Ashva, and other marquee investors, have invested in Dhruva Space, a National Award-winning Space Technology startup that builds Full-stack Space Engineering Solutions and application-agnostic Small satellite platforms. The total value of the funding round amounts to INR 22 Cr.

Dhruva Space will be utilizing the funds to expand on its current portfolio of products on the Space, Launch & Ground segment. The P-Dot platform of Dhruva Space has already gained a significant amount of traction considering the ability to provide IoT/M2M solutions in a very small form factor. The DSOD (Dhruva Space Orbital Deployers) can support dedicated launches for CubeSats ranging from 1U to 16U size satellites placing them in a unique position to offer satellites coupled with launch as a solution. Dr. Aman Puri, Consul General of India to UAE had inaugurated the ISOCS (Integrated Space Operations & Command Suite) of Dhruva Space during Expo 2020 in Dubai. The software platform developed by Dhruva Space offers its customers to receive, command & operate satellites anywhere in the world using a distributed network of ground stations.

“Space Technology is perhaps one of the most exciting, innovative, and fastest-growing sectors in the world. Dhruva Space is building robust solutions that will further drive the growth of India’s Space-tech industry. The platform is extremely capital-efficient, and we believe that this funding will enable them to scale and develop full-stack solutions both as integrated services as well as individual technology solutions that can be utilized for space-related applications on Earth and beyond. We believe that this is merely the beginning of Dhruva Space’s journey, and they will reach greater heights soon,” added Nandini Mansinghka, Co-Founder& CEO - Mumbai Angels Network.

Sanjay Nekkanti, CEO of Dhruva Space, said, “At Dhruva Space, our primary vision is to offer satellites coupled with launch & mission operations services as an integrated, all-encompassing solution to power space-based applications. Although Space-tech is still at a nascent stage in the private sector, it has been growing steadily, and as Dhruva Space we have made remarkable progress with our innovative solutions in a short period. We are thrilled to have multiple eminent investors backing us in our journey. With this funding, we will be augmenting our full-stack offerings further and go a step closer to achieving our vision.”

Based out of Hyderabad, India, and Graz, Austria, Dhruva Space builds satellite platforms, launch solutions and ground stations. The company’s founding team comprises seasoned business and technology professionals who possess extensive experience, having worked with prominent organizations such as Exseed Space, amg AG, Cisco, and KPMG. A finalist in the Qualcomm Design in India challenge, Dhruva Space has recently received orders from the DRDO (Defence Research and Development Organization) and is currently collaborating with several National &International companies. Furthermore, Dhruva Space is also participating in the ongoing Dubai Expo 2020 & the International Astronautical Congress 2021, Dubai.

About Mumbai Angels: Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 170+ strong portfolio across sectors and cities across India. Of the overall portfolio the platform has exited/ secured the next round of funding for 70 of them. Today the platform has 550+ investors spread across 40+ cities within and outside India.

Dhruva Space at Expo 2020 Dubai; stories from Vahdam India, Svami, Charge+Zone, BLive, GameEon and job openings

 

Dhruva Space participates at Expo 2020 Dubai. Dhruva Space make its way to the Expo 2020 Dubai, as part of The Indian Pavilion, along with number of startups across sectors as part of the Government’s effort to showcase its prowess in the arena and bring investment opportunities from investors & venture capitalists. Vahdam India launches NFT collection Vahdam India,is the first Indian tea brand to jump into NFT (Non-fungible tokens) space. The NFTs can be purchased through cryptocurrency only and gives users rights to a 1080*1080-pixel 35 second-video file on the trading platform (OpenSea) and exclusive unlockable content which is a $100 e-gift voucher. Svami created a ‘mass premium’ non-alcoholic beverage brand Penetrating more than 35 Cities in the Country with more than 12 products across categories, Svami have seen 2x growth in its Revenue since inception. They want to change the status quo of what is being offered along with any hard drinks. Charge+Zone setup charging stations on Mumbai Ahmedabad Highway Charge+Zone, an EV Charging infrastructure company, have recently completed setting up 8 charging stations along the National Highway - 8 between Ahmedabad and Mumbai. The customers will now be able to charge their vehicles within 40 minutes.

BLive partners with The PostCard Hotel MA invested travel tech platform BLive, offering experiential smart bikes tour, partners with PostCard Hotel, which is a collection of intimate luxury hotels hidden in holiday destinations across India and the world. This strategic partnership brings about inclusive growth of eco-tourism and sustainable tourism in the industry GameEon live at Jio STB Platform New MA invested company GameEon is a new age online game developers platform. Cricket Play 2021, a game from GameEon, will be going live on the Jio STB platform on 17th October, 2021. Job Openings

Adonmo Media Tech Acquisition Executive Apply Now Edmingle Ed-Tech Full Stack Engineer Apply Now Avishkaar Ed-Tech Senior Graphics Designer Apply Now Brainwired Agri-tech Sales Marketing Manager Apply Now

Our mailing address is: Mumbai Angels Network 301 Turf Estate, Shakti Mill Lane, Off Dr. E Moses Road Mahalaxmi West, Mumbai – 400013

Valuation uptick after $25 MN fundraise by BluSmart

 

View this email in your browser

Mumbai Angels Network sees valuation increase for investors post USD 25 million fundraise by its portfolio company BluSmart The sustainable mobility platform, based in New Delhi, is now looking to establish its presence in 5 other Indian cities within the next two years Mumbai, October 8th, 2021: Mumbai Angels Network, a premium startup investment platform for early-stage venture investments, has observed a valuation uptick for its investors from BluSmart, an integrated EV ride-hailing and charging startup that has raised USD 25 million as a part of its Series A round. The funding round was led by BP Ventures, the venture capital firm of multinational oil and gas company BP and also saw the participation of Mayfield India Fund, 9Unicorns, and Survam Partners, alongside other existing investors. BluSmart will utilize the freshly infused capital to expand its fleet of EVs and charging stations to 5 Indian cities in the next two years, furthering its growth and enabling it to become a leader in India’s mobility market. Speaking on the surge in valuation, Ms.Nandini Mansinghka, Co-Founder & CEO - Mumbai Angels Network, said, “India’s EV market is rapidly growing and has immense potential and opportunities for players in the industry to seize. BluSmart has truly established its presence in the EV sector. The company has been extremely capital efficient and has a high potential to grow and scale further to become an industry leader. We are pleased that their recent capital infusion has increased the valuation for our investors, and we are confident that this funding will enable them to expand their footprint and augment their product offerings to further fuel growth.” “The past few years have seen increased adoption of EVs as consumers realize that EV infrastructure, too, is being augmented. We are thrilled to have secured funding from marquee investors who are backing us in our journey. BluSmart’s growth trajectory since inception has been remarkable and we look forward to furthering this in the coming years. BluSmart has always maintained a singular focus on innovation, quality, and customer-centricity, and we will continue to do so to offer best-in-class services to customers while scaling our business,” added Anmol Singh Jaggi, Co-Founder of BluSmart.  India’s first and largest integrated EV ride-hailing and charging business, BluSmart, aims to deliver safer, cleaner, and more sustainable mobility. The platform focuses on providing a better customer experience, improving the quality of life of its driver-partners, and revitalizing the air quality in India’s major cities through its zero-emission services. About Mumbai Angels:   Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 170+ strong portfolio across sectors and cities across India. Of the overall portfolio the platform has exited/ secured the next round of funding for 70 of them. Today the platform has 550+ investors spread across 40+ cities within and outside India.  About BluSmart BluSmart is the most preferred mode of public transportation across Delhi NCR having completed 700,000+ electric trips, covered 23 million + clean kms, over 250,000 + app downloads with an app rating of 4.9 out of 5.0 in the last year. BluSmart has the largest fleet of electric cabs and the largest network of EV fast charging stations across Delhi NCR. For more information, visit: https://blu-smart.com/