MSME-focused edtech startup Rocket Skills raised Rs 2.2 billion in a pre-seed round led by Better Capital, First Check and Titan Capital.
The round also saw Harpreet Singh Grover, founder of Co-cubes; Aprameya, founder, Taxi for Sure and Koo; Abhinav Jain of the founder of Shop101 and Pravin Jadhav, founder of Raise.
The fresh funds will be used to improve the product offering and to expand the courses to various sectors.
Founded in 2020 by Mohit Jain and Vibhu Bahuguna, Rocket Skills aims to provide entrepreneurs and small businesses with the resources to start a business.
The startup focuses on agribusiness entrepreneurs working in micro, small and medium-sized enterprises (MSMEs) by helping them with courses created by experts in the field.
The startup is currently offering courses on agricultural education with a focus on organic farming, mushroom cultivation, beekeeping, biofloc fish farming, hydroponics and poultry.
According to its own information, Rocket Skills has over 10,000 paying customers with interest from Tier II and III cities.
Faarms, an Agritech startup, has conducted a pre-seed round led by Koh Boon Hwee and Dr. Cornelius Boersch raised $ 2 million.
The fresh funds will be used to add new products and services that the company plans to expand into the northeast, central and southern states, said Alok Duggal, COO and co-founder of Faarms.
“Faarms was designed to create an e-marketplace for our country’s farmers with the idea of helping a Kisaan buy supplies from some of the world’s most famous brands and getting crop-related advice at the touch of a button. sitting at home, ”said Taranbir Singh, Co-Founder and CEO of Faarms.
The startup is supposed to be an online shop for agriculturally oriented stocks, Faarms sells seeds, fertilizers and fodder.
Faarms says it has over 800,000 subscribers and supplies 200 PIN codes.
The drone technology startup Urbanmatrix has raised 1.2 billion rupees in a new financing round led by SARA ELGI, a production group with experience in cotton and electronics.
The new financing rounds will be used to strengthen research and development, to increase market presence and to expand into international markets with the strategic partnership of SARA ELGI.
“For a long time, drone technology was limited to military applications. But now commercial drones are on the rise as many industries use them aggressively. A time when drones will become an integral part of human civilization is much closer than you imagined, ”said Rishabh Verma, CEO of UrbanMatrix Technologies.
The startup wants to specialize in micro-drones by building compatible hardware in addition to the software application.
The drones can be deployed in sectors that require aerial data and can help generate intelligence to control illegal mining, digitally map the land, control locust attacks and develop rail freight corridors.
Sectors such as infrastructure, security, inspection, agriculture and logistics can also benefit from air data collected with the help of drones.
With UMT Sparrow, the startup offers a drone that can be used for aerial mapping; the drone is equipped with a console that can be used to operate the device.
Rolling Plate, a cloud kitchen startup, raised $ 150,000 from US-based EXL Investment LLC in its pre-seed funding round.
The fresh funds will be used to expand business in Tier II cities with its delivery-only business model. The food tech startup said it will expand in western parts of India before venturing into other regions.
The startup plans to expand its presence in the US as its first global market.
“The startup not only has the potential to grow in India, but can also make a name for itself overseas thanks to the unique taste of Ahmedabadi Biryani. It has high growth potential in the United States, where there is a large portion of the Indian and Asian diaspora, ”said Sadaf Mansur, founder of EXL Investment LLC.
“Ahmedabadi Biryani has the potential to become a bigger brand than the overrated Hyderabadi version and other variants in India and abroad,” said Shihab Sheikh.
Rolling Plate operates three brands: Ahmedabadi Biriyani, The Mughal Treat for main dishes and Brunch’O ‘for breakfast and snacks.
Rolling Plate was founded by the husband-and-wife duo Shihab Sheikh and Falaknaz Sheikh and serves traditional Ahmedabadi biryani through cloud kitchens, also known as ghost kitchens.
Rahasya Vodka’s parent company Blisswater Industries has raised a $ 335,000 seed funding round led by CC One Venture Labs, Majithia Family House and Disruptium co-founder Yash Shah and Sham Kishor Bhat.
The fresh funds will be used to expand retail presence and increase presence in hotels and restaurants across India. The company’s aim is to expand into international markets and develop two new products.
“The funds received will kick off the next phase of growth in the form of further strengthening and streamlining our operations and supply chains, as well as expanding our team and presence in India and abroad,” said Varna Bhat, CEO and founder of Blisswater.
The vodka brand has a presence in Goa and is slated to launch in Maharashtra, Karnataka and other domestic markets, the company said in a statement.