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Startup News
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finance automation startup ZenStatement raises $1.62 million in a seed round
- ZenStatement, a finance automation and cash flow management startup, has raised $1.62 million in a seed funding round led by 3One4 Capital and Boldcap VC.
- The funding round also saw participation from Dynamis Ventures and Atrium Angels.
- The startup plans to utilize the capital to expand its product offerings and strengthen sales and marketing efforts in India and international markets.
- ZenStatement offers AI-powered financial analytics and cash flow management solutions to enterprises, aiming to automate financial processes and optimize efficiency.
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SiliconCanals
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Nordic-Dutch startup Paebbl raises €22.8M to transform captured CO2 into sustainable building materials
- Nordic-Dutch startup Paebbl has raised €22.8M in a Series A funding round.
- The company turns captured CO2 into permanent carbon-storing materials.
- The funding will help build a sustainable value chain for CO2 storage in the construction industry.
- Paebbl aims to commission its demonstration plant in 2025 to increase production capacity.
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Eu-Startups
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Rotterdam-based Paebbl Raises €22.8 million to supercharge CO2 storage in the built environment
- Rotterdam-based company Paebbl has raised €22.8 million in a Series A funding round to accelerate the development of CO2 storage in building materials.
- New investors include The Climate Pledge Fund (Amazon), Holcim, and German concrete company Goldbeck.
- Paebbl has achieved significant milestones in its CO2-storing technology, including producing 250kg of CO2-storing product daily and casting concrete structures with captured carbon.
- The funding will be used to commission a demonstration plant and expand Paebbl's presence in Helsinki, Rotterdam, Stockholm, and the UK.
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Siliconangle
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Human Security raises $50M+ to expand digital protection platform
- Cybersecurity company Human Security Inc. has raised over $50 million in growth funding.
- The company specializes in protecting digital platforms from bot attacks and fraud.
- Their Human Defense Platform verifies over 20 trillion digital interactions weekly and provides real-time response to threats.
- The funding will be used to enhance account protections, media security solutions, and expand engagement in the public sector.
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Yourstory
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Myntra onboards 1.5M new customers during festive sale
- Fashion marketplace Myntra onboarded 1.5 million new customers during its flagship festive fashion event, the Big Fashion Festival (BFF).
- Over 80% of the new customers came from non-metros.
- The event witnessed a monthly active user count of 70 million users and a 100% YoY growth in orders per minute at peak.
- Beauty and personal care, watches and wearables, and home furnishings experienced a 1.5X demand increase compared to the previous BFF event.
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Yourstory
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Startup news and updates: Daily roundup (October 9, 2024)
- AI-powered finance automation and cashflow management platform, ZenStatement, has raised $1.62m in a seed funding led by 3One4 Capital and Boldcap VC.
- Tech-enabled NBFC, Swara Fincare, has raised Rs 19.4 crore in a series A funding round led by UC Impower Fund, with participation from Piper Serica Angel Fund and the founders.
- Energy analytics company, iRasus Technologies, has raised over Rs 4 crore in a seed round led by IAN Group, with other angel investors participating in the funding round.
- Indian game publisher, Deftouch, has raised an undisclosed amount in a follow-on funding round co-led by KRAFTON, T-Accelerate Capital, and Lumikai, with Play Ventures and Visceral Capital joining as participants.
- WeWork India has launched a new premium workspace named WeWork 37 Cunningham in Bengaluru for large enterprises, MNCs and C-suite executives seeking luxury and functionality in a prime business location.
- Mamaearth, an Indian personal care brand, has partnered with Meesho to enhance its presence in Tier III and rural markets, with a hope of earning an annual recurring revenue (ARR) of Rs 100 crore in the next 12 months.
- ZenStatement plans to use its seed funding to expand its product offerings and build a sales and marketing engine for growth in India and international markets.
- Swara Fincare will focus on people, governance and technology-driven risk framework in building a robust institution with the help of the secured funds.
- iRasus Technologies aims to provide real-time insights into battery performance for electric mobility and stationary storage solutions, and expand its capabilities to support the electric mobility and energy storage sectors.
- Deftouch focuses on hybrid-casual mobile games, specifically in the sports category, and aims to scale its games and expand to other sports and geographies in the future.
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TechRound
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Top Unicorns in Germany
- Germany has a well-developed startup ecosystem that is highly conducive to entrepreneurship and new businesses.
- There are plenty of things that make Germany an excellent location for startups, from its convenient location and access to European markets to its skilled and educated workforce and strong government support.
- Germany has seen about 30 companies become unicorns among the 50-odd companies, making it the home of some of the most successful unicorns in the world.
- Celonis is the highest-valued unicorn in Germany at $13 billion. It provides mining software systems that increase productivity and automated management consultancy.
- Personio is the developer of a recruitment and human resource management platform that serves small and medium-sized businesses. It's currently valued at $8.5 billion.
- Trade Republic is the developer of a financial trading platform that is specifically designed for use in free trade in the capital market.
- Mambu is the developer of a banking platform that helps users create, launch and service loan and deposit-related products.
- Grocery delivery service, Flink, is valued at $5 billion, it promises to deliver groceries to customer homes within 10 minutes at supermarket prices.
- Germany's top five unicorns have a valuation of $5 billion or more, which is impressive for any company, let alone privately owned companies.
- The rest of the top 10 unicorns in Germany includes Otto Bock, Contentful, N26, Enpal and Forto.
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TechRound
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10 Startups To Watch In Montreal, Canada
- Montreal is home to over 870 startups, making it a hub to watch.
- Here are 10 up-and-coming startups in Montreal worth keeping an eye on:
- 1. O’land Stations: Provides water refill stations to reduce reliance on plastic bottles.
- 2. AlayaCare: Home healthcare software that helps providers with scheduling and care planning.
- 3. Noze: Scent-based AI technology to detect health issues and monitor air quality.
- 4. Unito: Data integration tool that connects multiple apps and improves team productivity.
- 5. Booxi: Appointment scheduling software for retailers, enabling personalized shopping experiences.
- 6. Pyrowave: Chemical recycling technology to tackle plastic waste crisis.
- 7. Flare.io: Cybersecurity threat management solution for IT teams.
- 8. Perceiv.ai: AI-powered health forecasting to aid accurate care planning.
- 9. Locketgo: Smart locker platform for secure storage and delivery.
- 10. Lodavo: Smart saving platform to help Canadians build healthy money habits.
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VIE Stories
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Influencer Marketing Startups in India in 2025
- Influencer Marketing is one of the most profitable marketing. It helps brands establish authority.
- Influencer marketing is one of the best ways to gain consumers’ trust and convert more leads into customers.
- Influencer marketing startups in India are gaining momentum as brands increasingly rely on influencers to promote products and services through social media.
- Discover the top influencer marketing startups in India for 2025.
- Influencer.in is one of the famous influencer marketing industries in India. It works with top brands and they have more than 300 influencers.
- Infloso is an influencer platform in India that assists businesses in building their brands.
- Winkl is an influencer marketing platform that facilitates collaboration between creators and brands.
- Eleve is one of the leading influencer marketing spaces, founded on 20/12/2012, that helps brands harness the potential of Word of Mouth through social media platforms, blogs, and high-ranking publishers.
- ANTS Digital is a digital marketing agency based in Gurgaon that specializes in creative marketing and digital projects. ANTS Digital can also help your business attract more customers and offer a mobile experience that fosters loyalty.
- Plixxo is an influencer marketing platform that assists brands in connecting with influencers to promote their products and services.
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Eu-Startups
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Stockholm-based Quartr secures €5.4 million to revolutionise qualitative public market research
- Quartr, a software and data provider for qualitative public market research, has secured €5.4 million in investment from Altos Ventures.
- Altos Ventures is a San Francisco-based venture capital firm known for its patient approach and successful investments.
- The investment will accelerate Quartr's market share growth in the financial services industry.
- Quartr's flagship product, Quartr Pro, is widely used by hedge funds, asset managers, and corporate strategy teams globally.
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Yourstory
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EV battery leasing startup UrjaMobility swoops Rs 100 Cr in pre-Series A funding
- UrjaMobility, an EV battery leasing startup, has raised Rs 100 crore in pre-Series A funding.
- The funding round was led by Mufin Green Finance Limited and Hindon Mercantile Limited.
- UrjaMobility plans to use the funds to scale its operations, extend its pay-per-use leasing model, and increase battery deployment.
- The company is also aiming to raise an additional Rs 250 crore in Q1 2025 to strengthen its use case applications in the battery space.
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VIE Stories
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[Funding News] NBFC Swara Fincare Secures Rs 19.4 Cr Series A Funding
- NBFC Swara Fincare has secured Rs 19.4 crore ($2.3 million) in a Series A funding round.
- The funding will be used to advance financial empowerment for micro and small business owners, expand distribution network, develop innovative products, and enhance technological platforms.
- Swara Fincare collaborates with NGOs, government agencies, and other organizations to provide financial literacy programs, training, and mentorship.
- The company operates in multiple states and has received debt support from over 30 financial companies and banks.
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Inc42
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ZenStatement Raises Seed Round Led By 3One4 Capital To Launch Finance Automation Products
- Finance management startup ZenStatement has raised $1.62 million in a seed funding round led by 3One4 Capital and Boldcap VC.
- The funds will be used to expand its product line and acquire new customers in India and overseas markets.
- ZenStatement offers AI-driven financial analytics and cash flow management solutions for enterprises, and plans to launch payable management and cash flow forecasting products.
- The startup has already processed 10 million transactions per month in its first year, and aims to help businesses optimize cash flows and prevent revenue leakages.
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Startupreporter
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From Challenge to Triumph: NJ Wealth’s Partners Leading the Way in Mutual Fund Distribution
- NJ Wealth stands out in the mutual fund distribution landscape, empowering its partners to achieve remarkable success through robust support and innovative technology.
- Partners like Milind, Sandeep Sahni and Puneet Kohli, Hemal Seth, Prakash Nimje, and Dhruvesh Singh Rajpoot exemplify this success.
- Each distributor has leveraged NJ Wealth's resources to build impressive client bases and substantial assets under management.
- NJ Wealth's strategic partnerships and support drive success in mutual fund distribution, inspiring future professionals to engage in the financial sector.
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Eu-Startups
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Vilnius-based RedTrack raises €2.9 million to equip media buyers with AI-powered analytics and automation
- RedTrack, an AI-driven analytics and automation platform for media buyers, has raised €2.9 million in a Series A funding round.
- The funding round was led by LeadVentures and included participation from InstaVC, IronWolfCapital, and angel investor Balazs Gandera.
- RedTrack's technology tracks 60,000 ad accounts, generating over $2 billion in revenue for 800 businesses in the ecommerce and marketing agency sectors.
- The funds will be used to strengthen the product team, accelerate AI product development, and expand into the US market.
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