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[Funding alert] Tea retail chain Chai Kings raises $1M from The Chennai Angels, others

Chennai based tea retail chain, Chai Kings on Tuesday has raised $1 million in funding from an angel investment group, The Chennai Angels (TCA). The round also participation from Hyderabad Angels and TiE India Angels. Piyush Bhandari, who led the investment from TCA said, “We are very excited to partner with Chai Kings in the bridge round. We believe…

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The Chennai Angels fund uFony, School Diary

uFony Services Pvt. Ltd., the Pune-based Ed-Tech company, has raised funding from The Chennai Angels & other independent investors for School Diary®, an interactive platform that brings education to smartphones. School Diary® is a user-friendly platform that caters to K12 schools, helping them engage students and conduct classes virtually without…

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Brinc TechBlazers Accelerator Program

Brinc, one of the world’s leading global venture accelerators, and The Chennai Angels (TCA), a leading angel investor network, are launching an online acceleration program for AgriTech & FoodTech, HealthTech, and FinTech startups, for which applications are now open. The three-month intensive program will provide participating startups with a minimum…

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[Funding alert] FMCG distribution platform Dropshop raises Rs 9.3 Cr in pre-Series A led by Inflection Point Ventures

FMCG distribution platform Dropshop will use the funds to strengthen its product and scale up operations to handle more brands and enter new markets like Chennai and Hyderabad. Bengaluru-based one-stop distribution platform for FMCG brands Dropshop on Monday announced that it has raised Rs 9.3 crore in a pre-Series A round led by Inflection Point…

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[Funding alert] Backpacker hostel startup goSTOPS raises $1M in pre-Series A round led by IAN, Yuj Ventures

Backpacker hostel startup goSTOPS will use the funds to grow the company’s supply over the next 12 months and invest in marketing and technology. Backpacker hostel brand goSTOPS on Thursday said it raised $1 million in a pre-Series A round led by Indian Angel Network (IAN) and Yuj Ventures — the private investing arm of the family office of Xander…

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12 early-stage startups signalling Chennai’s rise as a key innovation hub in India

Chennai, or the SaaS capital of India, is fast becoming one of India’s key startup hubs. Between January and June 2021, Chennai attained the 6th spot among the eight Tier-I cities in terms of number of deals (17), as well as amount of funding ($73.8 million) raised, data by YourStory Research reveals. Chennai, or…

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[Funding alert] AI-based edtech startup SP Robotic Works raises $3M in Series A round

The funds raised will be used to strengthen and amplify the company’s user base and expand the product portfolio, the company stated.AI-based edutainment startup SP Robotic Works has raised $3 million in Series A round led by Mount Judi India Growth Fund. The funding round witnessed additional participation from BCCL and its existing investors…

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[Funding alert] MLOps platform NimbleBox.ai raises $1M in seed round led by Venture Catalysts

NimbleBox.ai, a Techstars portfolio company aiming to build and provide a complete toolkit for developers focused on artificial intelligence, on Tuesday raised $1 million in its seed round led by Venture Catalysts. The round also saw participation from The Chennai Angels, Nanavati Family, and Astarc Ventures. Founded by Anshuman Pandey, Rohan Pooniwala, and Naman Maheshwari in…

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Mindler Raises $1.5 Million In Pre-series A Funding

 Mindler, the ed tech start-up will utilise the funds towards expansion of the team, entering new geographies and forming institutional partnerships and alliances. · Ecosystem Ventures, Inflection Point Ventures, nVentures Singapore and The Chennai Angels are prominent investors in the recent round of funding. · Mindler provides a SaaS platform…

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The Chennai Angels invests in Bumberry

CHENNAI: Angel investment network The Chennai Angels (TCA) has invested Rs 2.22 crore in cloth diapering brand Bumberry. With participation from Bumberry’s existing investors Konglo and Kerala Angels, the total investment stands at Rs. 3.11 crores. Bumberry was Kerala Angel Network(KAN)’s first investment after formation of the network, early last…

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