Wednesday, 12 August 2020

Dave.Ai, an AI sales augmentation platform, raises funding from Mumbai Angels Network

 

Dave.Ai, an AI sales augmentation platform, raises funding from
Mumbai Angels Network
Dave.Ai is a Bengaluru based Artificial Intelligence sales augmentation platform, has raised an undisclosed amount in their pre-series round of funding from Mumbai Angels NetworkGHV Accelerator, IIIT Technology Venture partners and Mohan Kumar, CEO of Crestere Technologies.

DaveAI helps brands create personalized sales experiences powered by a virtual avatar. From replacing chat bots with digital human interfaces on the web to creating contactless experiences in physical spaces, the startup is creating a new dimension for product discovery moving away from the traditional websites & four wall stores. 

DaveAI is a patent pending Empathetic AI platform that mimics a human sales brain using a blend of technologies like Speech & NLP, facial detection, Visualization and a multi-dimensional affinity engine. Brands can create sales experiences on the web, VR and AR using DaveAI. DaveAI is also a member of Nvidia’s Inception program and Intel India’s Maker Lab.

"We are pleased to be backed by investors who understand technology & believe that world class deep technology products can be built in India. DaveAI is an enterprise grade AI platform for creating the next generation of Sales Experiences. This investment will help us enter new markets & sustain this growth at a global scale" said Sriram, Co-founder & CEO – DaveAI
"With the increasing influence of Artificial Intelligence in our daily lives Dave AI is making the most innovative products which have a very promising potential in the new world of Covid. Using NLP technology for Sales Analysis can help given a new dimension for marketing and advertising" - Jital Shah, MA Investor.
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network commented, “Innovation of using Digital human avatars for having digital conversations is the best way to merge the physical and digital world altogether. We believe this innovation is going to progress in future by transforming enterprises. AR/VR technology has a vast market that offers a potential new way of interaction between customers and the world around us.”

About Mumbai Angels Network: 

Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur, Chennai). It has a 140+ strong portfolio with 45+ exits and has invested 150+ crores.

Monday, 6 July 2020

Edhusk, an edtech startup, raises funding from Mumbai Angels

Edhusk, an edtech startup, raises funding from Mumbai Angels
EdHusk is a Jaipur based hybrid edtech startup providing personalized 1-on-1 services at students' home as well as EdHusk learning hubs by leveraging technology-driven conceptualised learning models. EdHusk is backed by a team of IIT alumnus.
Himanshu Meena, Founder of Edhusk, “Mumbai Angels Network has been very supportive through the whole process of raising funds. With these funds, we plan to bring about significant changes by expanding our services to new domain and automate the whole process of tutor finding”
Abhishek Pansari, MA Investor commented on the investment, “As each child is unique, a much required personalised development needs of the child are catered to quite brilliantly by Edhusk. This approach together with the passion of the founders to take Edhusk PAN India, called for an investment from me in this Company”
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network commented, “We are happy to announce Edhusk as a part of our diversified portfolio. Edhusk is aiming to provide students with easily accessible high-quality customised learning and activities designed to reignite the love for learning through better understanding.”

About Mumbai Angels Network: 

Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur, Chennai). It has a 140+ strong portfolio with 45+ exits and has invested 150+ crores.


Thursday, 2 July 2020

BBBS raises $ 1 Mn USD through Mumbai Angels Network

BBBS, a Defence tech start-up,raises $1 Million USD through
Mumbai Angels Network
Big Bang Boom Solutions, a Defence tech company has raised $1 Million USD through Mumbai Angels Network in their overall $1.5 Million USD Series A round-size.  Big Bang Boom Solutions was founded in 2018, headquartered in Chennai by Praveen Dwarkanath and Dr. Shivaraman Ramaswamy.

Big Bang Boom Solutions (BBBS) is a new-age defence tech startup which is developing integrated intellectual properties for defence. The company managed to win two prestigious iDEX grants in 2 product categories with SPARK grants of INR 3 Cr from the Department of Innovation; and is on track to deliver high technology systems to the Indian Armed Forces. They also have other technologies which they have developed in-house. They also have excellent collaborations with high technology players and individuals across the country. The company has received earlier investment from an Individual investor to the tune of INR 5 Cr.
Praveen Dwarkanath Co-Founder & CEO of BBBS said, "We are excited to take next steps in our growth at BBBS. We are thrilled to partner with MA Network who have not only supported us in raising funds but also connected us to their vast network of investors for business synergies. We will now have an addition of highly intellectual and well placed people across the country. We view this as a competitive advantage."  
Mahesh Agarwal, MA Investor commented "BBBS has a lot of potential to grow with FDI Investment policy and now Indian Government tenders up to 200Cr to Indian companies only policy will boost innovations. BBBS has proven records of winning iDEX challenges."
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented, “We are seeing a dynamic shift in how the government is looking at defence as a sector for startups to innovate, research and build technologies from ground-up and put India on the global footprint. We are happy to welcome BBBS in our expanding diversified portfolio and participating in this industry-defining the near future and is the backbone of our economy
About Mumbai Angels Network: 
Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai). It has a 140+ strong portfolio with 45+ exits and has invested 150+ crores.

Wednesday, 1 July 2020

Aerostrovilos, an automotive startup, raises funding from Mumbai Angels

Aerostrovilos, an automotive startup, raises funding from Mumbai Angels

Aerostrovilos, an automotive company has raised funding from Mumbai Angels Network. Aerostrovilos Energy is an IIT Madras incubated startup that is building India’s first indigenous Gas Turbine for power generation.

Aerostrovilos is developing a micro Gas turbine as a one-stop solution for vehicles and generators to solve the air pollution problem. Their patented technology brings in extremely low pollutant emissions of NOx, CO and PM.

Rohit Grover, Co-Founder of Aerostrovilos said, "MA has helped us in raising funds seamlessly. With these funds, we plan to complete the full POC of Turbine Generator. Gas Turbines are the future and we are standing at the cusp of creating a revolution where our fuel flexible MGTs will become mainstream replacing the existing DG sets for the backup power”.
Kartik Kajaria, MA member sharing his thoughts on this investment, “Aerostrovilos has true potential to disrupt the heavy vehicles segment provided it utilises the expertise of the founders and adheres to strict timelines in the development of their game changing TEV technology”.
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented, “Aerostrovilos is building Gas Turbines generators which have the cleanest emissions, and this technology will be indigenized in our country. We are happy to have Aerostrovilos Energy as a part of our portfolio as we see a dynamic shift in the automotive sector”. 

About Mumbai Angels Network: 

Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur, Chennai). It has a 140+ strong portfolio with 45+ exits and has invested 150+ crores.

Monday, 15 June 2020

Agro2o, an Agri-tech start-up, raises funding from Mumbai Angels Network


Agro2o,
an Agri-tech start-up, raises funding from Mumbai Angels Network

Agro2o, an agritech start-up has raised funding from Mumbai Angels Network. It  is a new  Delhi based agri-tech company incubated by Electropreneur Park.

Agro2o's Smart Garden® comes with intelligent nutrient dosing, water refill reminder, automated lighting and watering & air quality detector. They can grow up to 50 different plant types and also can monitor the growth of the plants through Smartphones. They are offering 2 models :  Renaissance which has 12 pods and Savor with 5 pods.

Rohit Pugalia, MA Investor said,"With the rising awareness of eating fresh and healthy, every Urban Household would love to have a kitchen garden but neither do they have enough space nor do they have time and expertise to maintain the same. Agro2o is solving all these with one-of-a-kind flaunt-worthy, self-watering and self-nutrient discharging Smart Garden. That makes it an ideal Investment for our Portfolio."
Yash Vyas, Founder of Agro2o, said, "We are delighted to partner with the MA network. With the world-changing, MA pitched in at the right time to support us in executing our vision to offer healthy and sustainable solutions for better living.”
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented,“We welcome Agro2o to our list of diversified portfolio companies. Breakthroughs in modern agri-technology to grow fresh and healthy veggies without any harmful chemicals, Argo2o has a clear potential to grow because we as consumers are always looking out for fresh and organic vegetables these days, we see growth in this sector in the coming years.”

About Mumbai Angels Network: 

Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai). It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores.

Sunday, 14 June 2020

Crimson Healthcare, a Med-Tech startup, raises funding from Mumbai Angels Network

Crimson Healthcare, a Med-Tech startup, raises funding from
Mumbai Angels Network
Crimson Healthcare, a med-tech company has raised a funding of INR 1.75 Cr from Mumbai Angels Network. Crimson healthcare was founded in 2015 and is headquartered in Delhi.
Crimson Healthcare is focused on improving ostomy care. It aims to improve the lives of ostomates globally who defecate in a bag hanging from their abdomen. Crimson has developed an ostomy management device, SphinX which is a soft and pliable insertable port and provides a safe, secure and discreet solution to stoma management while restoring continence to the patient.
Founded by Pranav Chopra and Neeraj Kumar both alumni of Stanford India Biodesign with an aim to innovate cutting edge solutions for various problems in the healthcare system with advanced engineering and technologies. Crimson is supported by Indo US Science and Technology Forum and the Department of Biotechnology through their Biotechnology Ignition Grant (BIG).

The technology has been developed under the School of International Biodesign, a Department of Biotechnology, Govt. of India supported collaborative programme between All India Institute of Medical Sciences, Indian Institute of Technology-Delhi and International Partners and licensed to Crimson Healthcare by Biotech Consortium India Limited, New Delhi.
Pranav Chopra, co-founder of Crimson Healthcare said, "Mumbai Angels Network has been very supportive through the whole process of raising funds. With these funds, we plan to bring about significant changes by expanding our research and taking our product to the market and into the hands of our patients"
Here's what MA Investor Ridham Gada said, “Crimson looks promising to help humans with the medical device they have manufactured. It will help many people going through Colonal Cancer operation and live normal life again."
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network commented, “We’re delighted to have Crimson Healthcare in our expanding portfolio of healthcare and lifesciences sector. We believe this innovation is definitely going to bring change in the lives of ostomates. We recently launched LifeSciences Vertical, a network within a network for various Pharma/Healthcare companies and start-ups’ from the LifeSciences sector on our Investment Platform.”
About Mumbai Angels Network: 
Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai). It has a 140+ strong portfolio with 45+ exits and has invested 150+ crores.