Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

PRNewswire—Bengaluru (Karnataka) [India], July 19: <keyword id="1606194" type="General" weightage="100" keywordseo="Aereo" source="Orion">Aereo</keyword>, India's leading <keyword id="22468617" type="General" weightage="20" keywordseo="drone-based-business-intelligence" source="Orion">drone-based business intelligence</keyword> provider, has successfully closed a <keyword id="22468616" type="General" weightage="20" keywordseo="USD-15-million" source="Orion">USD 15 million</keyword> <keyword id="1095983" type="General" weightage="20" keywordseo="Series-B-funding" source="Orion">Series B funding</keyword> round led by 360 ONE Asset. The round saw participation from long-standing investors StartupXseed Ventures and Navam Capital. Aereo delivers <keyword id="20829411" type="General" weightage="20" keywordseo="business-intelligence" source="keywords">business intelligence</keyword> solutions to help manage large capital assets using proprietary drones and an AI-powered data analytics platform. Their sector-specific solutions cater to mining, infrastructure, urban and rural development, land records, and other industries translating into a 400% revenue growth in the last two years and market dominance. Vipul Singh, co-founder and CEO of Aereo, stated, "This funding milestone enables us to expand our <keyword id="22468614" type="General" weightage="20" keywordseo="aerial-intelligence" source="keywords">aerial intelligence</keyword> solutions for capital asset management. With our proprietary drone tech and 360 ONE Asset's partnership, we aim to revolutionise this $10 billion industry and create a global footprint." <keyword id="22468618" type="General" weightage="20" keywordseo="Suhas-Banshiwala" source="Orion">Suhas Banshiwala</keyword>, co-founder and CTO of Aereo, stated, "Our vision is to continuously innovate drone manufacturing and data analytics for the greater good. We are excited about the confidence our customers and shareholders have shown and are gearing up for an orbital shift." Aereo has been recognised by the Asian Infrastructure Investment Bank (AIIB) as one of the top three infra-tech organisations. As a technology partner for Coal India Limited's Digicoal initiative, Aereo provides critical business intelligence for some of the world's largest coal mines for improving productivity, efficiency, safety, and environmental compliance. It has also been empanelled with Tata Steel since 2019, aiding the digitalisation of over 27 critical mines and stockyards. Over the past three years, Aereo has achieved significant milestones, including mapping over 45,000 villages under the SVAMITVA scheme and covering more than 50,000 sq. km of land area for the Digital India Land Record Modernisation Program (DILRMP). The Series B investment serves as a powerful catalyst for Aereo's growth, with a key focus on automation. Their AI-powered drone data analytics platform is set to revolutionise automation and digitisation. With strategic partnerships, R&amp;D, and new product development, Aereo is ready to lead the global <keyword id="22468613" type="General" weightage="20" keywordseo="drone-solutions" source="keywords">drone solutions</keyword> sector. Karan Ahuja, Fund Manager at 360 ONE, remarked, "We're thrilled with the momentum in the <keyword id="22468615" type="General" weightage="20" keywordseo="commercial-drone" source="keywords">commercial drone</keyword> tech sector in India. Our partnership with Aereo reflects our belief in their cutting-edge innovations, and we're excited for their solutions to go global." Ravi Thakur, Co-Founding Partner at StartupXseed, added, "Aereo has been a trailblazer from the start, delivering exceptional solutions and building the drone ecosystem. We're excited to support them in their next major growth phase."

Aereo, India's leading commercial drone solutions startup, secures USD 15 million in Series B funding round

<ul class="summary-list"><li>Sri Pangulur started his own syndicate while working as a sales executive in Silicon Valley.</li><li>He parlayed that syndicate experience to transition working in to venture capital at Tribe Capital.</li></ul>Sri Pangulur embraced the after-work hustle to invest in early-stage startups. By day, he was a <a target="_blank" class="" href="https://www.businessinsider.com/billionaire-cloudflare-ceos-lawsuit-over-neighbors-dogs-getting-wild-2024-4">CloudFlare</a> sales executive. But after work, he spent up to 15 hours a week attending hackathons, meetups, and venture events to source the <a target="_blank" class="" href="https://www.businessinsider.com/most-promising-startups-2024-according-top-vcs-2024-8">next hot startup</a>.There were many times when Pangulur just jumped straight into chasing a deal after a long day of work. He recalled when his CloudFlare team closed a high-stakes deal late on a Friday at the end of a quarter. But instead of celebrating with this team, he met with a hot seed stage company."I was trying to get into a pretty high profile seed round as well that had very little allocation left in the deal," he said, adding that he had to really beg to get a spot. After chatting with the CEO until midnight, Pangulur got into the deal.He started his side hustle investing efforts by writing small checks but soon found himself flooded with deal flow. He decided to formally create a syndicate called Overtime VC, investing up to $250,000 in seed and Series A rounds. Through Overtime, Pangulur invested nearly $20 million in 65 companies, with a focus on enterprise infrastructure and apps. Among those startups in his portfolio were <a target="_blank" class="" href="https://www.businessinsider.com/abnormal-security-valued-at-5-billion-in-new-funding-round-2024-6">Abnormal Security, currently valued at $5.1 billion</a>, and <a target="_blank" class="" href="https://www.businessinsider.com/most-promising-enterprise-startups-according-to-vcs-2021#airbyte-open-source-tools-for-moving-data-2">Airbyte</a>, now valued at $1.5 billion.Pangulur met <a target="_blank" class="" href="https://www.businessinsider.com/mayfield-vc-navin-chaddha-early-stage-startup-investment-opportunity-2022-7">Mayfield Fund managing partner Navin Chaddha</a> through investing. In 2016, the pair met at a tech networking event and kept in touch, discussing industry trends and collaborating on deals."This guy will go places," Chaddha recalled of his first impressions of Pangulur. Seven years later, Pangulur joined Mayfield as a partner.The path to VCBorn in Michigan and raised in Ohio, Pangulur grew up in a family of doctors. He initially was pre-med at Case Western University, intending to follow in his family's footsteps. But as the dot-com bubble brewed in the late 1990s and early 2000s, Pangulur decided to pursue finance.After college, he worked on the M&amp;A team at KeyBanc Capital Markets and then joined Lehman Brothers, focusing on software investments. He also got a taste for venture capital at TeleSoft Partners, an early-stage firm, before jumping to the operating side.Over the next decade, Pangulur worked in a range of sales roles, ultimately landing at CloudFlare to lead one of the company's first sales teams in North America. At CloudFlare, he gained experience selling to CTOs and CISOs across various companies, from startups to the Fortune 500.He also continued investing through his syndicate, Overtime VC, and brought these firsthand experiences to the founders he advised.Pangulur helped founders with recruiting, answering questions like, "Who's that first VP of sales you should hire? What does that profile look like, and how does that evolve over time as you scale?"The Overtime business kept scaling, and then he said he pondered whether he wanted to work at one company most of the time or work with many entrepreneurs full-time rather than on the side."That's when I had the realization that maybe I should do venture, " he said.'Cooking' at the Series BPangulur began raising his own venture fund based on the success of his syndicate fund, Overtime VC. But a few months into fundraising, he received an unexpected offer from Tribe Capital, a VC firm that uses data science to invest in crypto and software startups.With Tribe's $1.6 billion assets under management, Pangulur was drawn to the idea of writing bigger checks and advising founders as a board member. "I decided to take that jump," he said.At Tribe, Pangulur built out the firm's software investing practice. With a focus on enterprise infrastructure and software-as-a-service, Pangulur led six deals, including the sales intelligence startup Apollo, which is now valued at $1.6 billion.Last September, Pangulur joined Mayfield. "I wasn't actively looking to make a move," he said, but after working with Chaddha over the years through Overtime and Tribe, Pangulur was intrigued at a new opportunity to join the firm.He and Chaddha met for an in-person catch-up in the fall of 2022. "I went into the meeting thinking it would be a normal catch-up," Pangulur said. "But that's when he told me about the opportunity he sees in the market for the Spring Fund."<a target="_blank" class="" href="https://www.businessinsider.com/why-mayfield-doing-more-startup-investments-focusing-ai-2023-7">Mayfield</a> is one of Silicon Valley's oldest venture firms, with $3 billion in assets under management. While the firm has traditionally invested at the seed and Series A stages—it announced its seventeenth fund of $580 million focused on seed and Series A in 2023 — there was still a gap in the market for investment."Our Select/Spring Fund is aimed at founders who are beyond the ideation stage, with a team, early product-market fit, and initial market adoption," said Chaddha. "Their financing stage is typically at the A prime or Series B."The firm first raised a $125 million Spring fund in 2016 to invest in its breakout portfolio companies for follow-on investments. Last year, Mayfield raised a Select III/Spring Fund of $375 million, aiming to focus the vast majority of its investments on new outside opportunities.Pangulur was brought in to co-lead the firm's Select/Spring fund with Chaddha."He came from a sales background," Chaddha said. "He's investing at a stage where there's already product and customers— his go-to-market expertise is his superpower."This is the stage "where you need to get in the weeds, work with the founders, help them do some of that cooking," Pangulur said.Earlier this month, Pangulur announced two new investments he led: a $25 million Series B for billing infrastructure startup Orb and a $28 million Series B for TeamBridge, a workforce operating software startup.Despite the overall tepid funding market, Pangulur is optimistic. "The Spring Fund is a relatively new initiative," Pangulur said. "I want us to be one of the first calls that a lot of founders call when they're hitting that inflection between being at inception early stage to finding those early elements of product market fit and go-to-market repeatability."

How Sri Pangulur went from building his own syndicate to co-leading Mayfield's Series B investing practice

<keyword id="22416554" type="General" weightage="20" keywordseo="EV-ride-hailing" source="keywords">EV ride-hailing</keyword> services and charging infrastructure network operator <keyword id="20354062" type="General" weightage="100" keywordseo="BluSmart" source="keywords" meta.keywordsubtype="org" meta.entityname="BluSmart" meta.hostid="261" meta.entityid="BluSmart">BluSmart</keyword> on Monday said it has raised USD 24 million (Rs 200 crore) capital in a <keyword id="20080855" type="General" weightage="20" keywordseo="funding-round" source="keywords">funding round</keyword>. The pre-Series B funding round saw participation from existing investors like responsAbility Investments AG as well as new investors such as Sumant Sinha, Chairman and CEO of ReNew, and <keyword id="22416555" type="General" weightage="20" keywordseo="MS-Dhoni-Family-Office" source="keywords" meta.keywordsubtype="org" meta.entityname="MS Dhoni Family Office" meta.hostid="261" meta.entityid="MS Dhoni Family Office">MS Dhoni Family Office</keyword>. The funds will support BluSmart in expanding its operations and building <keyword id="5933706" type="General" weightage="20" keywordseo="EV-charging-infrastructure" source="Orion">EV charging infrastructure</keyword> and assets in mega Indian cities, the company said. "Our latest fundraise of USD 24 million is an important step in our journey to scale the e-mobility fleet and <keyword id="3378793" type="General" weightage="20" keywordseo="EV-charging" source="Orion">EV charging</keyword> infrastructure," BluSmart co-founder Punit Goyal said. The company is building an integrated energy-infrastructure, mobility and technology company to take full advantage of the EV revolution, he added. "Investing in BluSmart's sustainable business model is not just about supporting a company; it's about being part of a movement that shapes the future of mobility," Dhoni, veteran cricketer, said.

EV ride-hailing firm BluSmart raises USD 24 million

<ul class="summary-list"><li>Clay supports revenue operations and growth teams to automate outreach to potential customers.</li><li>The company last raised a $46 million Series B at a $500 million valuation led by Meritech in June.</li></ul>Clay, the AI-powered sales startup, is set to be valued at $1.3 billion in a new insider funding round, two sources told Business Insider.Founded in 2017, Clay <a target="_blank" href="https://www.clay.com/blog/clay-raises-62m-to-turn-any-growth-idea-into-reality">last raised</a> a $46 million Series B at a $500 million valuation, which was led by Meritech Capital in June. Sequoia Capital, First Round Capital, Box Group, and Boldstart Ventures participated in that round.Details of the latest funding round are not yet finalized, and the figures involved are subject to change.According to its website, Clay supports revenue operations and aids growth teams to automate outreach to potential customers. The company helps go-to-market teams build a sales lead list with enriched customer data. With over 75 data providers, Clay helps its customers tailor outreach with more detailed information on potential customers such as a company's headcount and its fundraising history.Clay's AI agent also supports research around prospects. The "Claygent" can answer questions about target companies based on company domains, such as details about its competitors. Clay's AI messaging tool can then help sales teams send tailored outbound messages to prospective customers.The company lists <a target="_blank" class="" href="https://www.businessinsider.com/here-are-the-executives-running-anthropic-right-now-2024-10">Anthropic</a>, Notion, Vanta, Ramp, and Intercom as customers on its website.In response to a request for comment from Business Insider, Clay CEO Kareem Amin said, "We cannot confirm these details as no term sheet has been issued or signed."Before founding Clay, Amin was the vice president of product at The Wall Street Journal. He also successfully sold his e-commerce optimization startup, Frame, to Sailthru, a marketing personalization startup, and became the latter company's director of engineering. Clay's cofounder, Varun Anand, is the head of operations and previously worked at startups Newfront and Candid.Clay is not the only company building in this category. Apollo, a sales intelligence startup, raised a $100 million Series D led by Bain Capital Ventures at a $1.6 billion valuation last year. Other startups include Thrive-backed Unify, and Lusha, valued at $1.5 billion.

AI sales startup Clay is raising a new funding round at a $1.3 billion valuation, sources say 

Advanced technology battery start-up Log9 Material on Monday said it has raised USD 40 million (nearly Rs 325 crore) in Series B funding led by <keyword id="124764" type="General" weightage="80" keywordseo="amara-raja-batteries" source="Orion">Amara Raja Batteries</keyword> Ltd and <keyword id="12272190" type="General" weightage="80" keywordseo="petronas-ventures" source="Orion">Petronas Ventures</keyword>. The round was also participated by other investors, including Incred Financial Services, Unity Small Finance Bank, Oxyzo Financial Services and Western Capital Advisors. "The recent round of investments will allow us to grow our battery manufacturing capabilities to a 2 GWH capacity by the end of 2024," Log9 Material Founder and CEO <keyword id="6381441" type="General" weightage="80" keywordseo="akshay" source="Orion">Akshay</keyword> Singhal said in a statement. He further said it will also help the company to commission its first fully integrated Lithium Ion Cell production line. "Furthermore, over Rs 100 crore will be invested towards advancements in cell and battery technology stacks," Singhal added. Log9 said it also plans to invest a part of the raised funds into "budding start-ups and organisations that are solving challenges related to charging infrastructure, technology ancillaries and companies fighting climate change at large". On the company's investment, Amara Raja Batteries Executive Director <keyword id="15683367" type="General" weightage="80" keywordseo="vikramaditya-gourineni" source="Orion">Vikramaditya Gourineni</keyword> said, "Log9's progress in the field is significant in meeting India's growing aspirations in the energy and mobility space. Battery manufacturing is the most critical part of the value chain that needs to be localised, and batteries designed in India for India will pave the way." Petronas Ventures Head <keyword id="16219256" type="General" weightage="80" keywordseo="arni-laily" source="Orion">Arni Laily</keyword> said, "Log9's approach to the future of energy continues to excite us and strongly aligns with the investment priorities of PETRONAS Ventures. This partnership will further enhance PETRONAS' expansion in the new energy and green mobility sectors." Log9 is also backed by CBC Japan, Grip Invest Advisors Private Ltd., Cornerstone Venture Partners, LO Funds, Oxy Capital and other leading angel investors. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/waited-6-months-to-join-google-says-indian-origin-techie-on-h1-b-visa/articleshow/97245664.cms">Waited 6 months to join Google says Indian-origin techie on H1-B visa</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/jio-and-airtel-face-off-in-new-prepaid-plans-in-2-5gb-daily-data-limit/articleshow/97246063.cms">Jio and Airtel offering 2.5GB daily data limit in new prepaid plans: Check price, benefits, and more</a>

Battery start-up Log9 Material raises $40 million Series B funding from Amara Raja, Petronas and others

<ul><li><keyword id="2988160" type="PERSON" weightage="20" keywordseo="EasyREwardz">EasyRewardz</keyword> has raised series B round of funding led by <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>. </li><li>The company’s annual revenue stands at ₹25 crores. </li><li>Flipkart also has its own <keyword id="1766716" type="PERSON" weightage="20" keywordseo="customer-engagement">customer engagement</keyword> and loyalty program – SuperCoins.</li></ul>E-commerce giant Flipkart invested in EasyRewardz, customer engagement and rewards platform. This is Series B round of funding raised by the startup. The amount and extent of Flipkart’s investment has not been disclosed. EasyRewardz has multiple clients across sectors – from RBL Bank, Kotak Mahindra Bank to restaurants like Chilli’s, Mamagoto etc. As a part of customer relationship management (<keyword id="200550" type="TECHNOLOGY" weightage="20" keywordseo="CRM">CRM</keyword>), the SaaS-based company offers an outreach platform for loyalty programmes, rewards and more. “CRM Software has a market size of $48bn, and is seeing a 16% YoY increase globally, with APAC growing faster at over 20%. We see CRM Software adoption fastest amongst small and medium sized businesses in retail as customer centricity continues to hold centre ground in retailing,” said Soumya Chatterjee, co-founder and CEO of EasyRewardz. EasyRewardz has earlier raised funding from Trans-Continental Venture Fund, Venture Catalysts and other angel investors. The company’s annual revenue stands at ₹25 crores. Launched in 2011, EasyRewardz has a presence in India, South East Asia, Middle East and others. With the new funding, the company plans to expand geographically. Flipkart has its own customer engagement and loyalty programme – SuperCoins.

You Searched For "series B round" and got 6 results

Aereo, India's leading commercial drone solutions startup, secures USD 15 million in Series B funding round

ANI

How Sri Pangulur went from building his own syndicate to co-leading Mayfield's Series B investing practice

Sri Muppidi

EV ride-hailing firm BluSmart raises USD 24 million

PTI

AI sales startup Clay is raising a new funding round at a $1.3 billion valuation, sources say

Sri Muppidi

Battery start-up Log9 Material raises $40 million Series B funding from Amara Raja, Petronas and others

PTI

EasyRewardz has raised series B round of funding led by Flipkart

Sanchita Dash

Popular Keywords

Buying Guides