[Weekly funding roundup] Venture investments rise by 100pc; Hyderabad-based SaaS startup joins unicorn club
Venture funding into Indian startups in the third week of December touched $134 million, compared to the $61 million raised in the previous week.
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The weekly venture funding into India startups little more than doubled in the third week of December, as compared to the previous week, owing to the large deal sizes in the bracket of $25 million and above.
In fact, before the year ends,
Zenoti a Hyderabad and US-based SaaS startup entered
the coveted unicorn club, indicating a possible beginning of a trend, where
Calega Ventures invests in India-based Callify.ai
Mumbai-based smart calling platform for working professionals Callify.ai on Tuesday said it has raised a seed funding of $560,000 led by Malpani Ventures. Investors, including startup incubator and accelerator Venture Catalysts, UAE-based Calega Ventures, The Chennai Angel Network, and Marvari Angel Network also participated in the round.
“We are excited that some of India’s leading investment institutions are confident in our value proposition and the team’s capabilities to execute the planned growth. This funding only validates that we are on the right path and motivates us to continue working towards our long-term goal,” Chetan Indap, CEO, Callify.ai, said on the investment. With this capital infusion, the startup aims to strengthen its presence in the HR tech domain and replicate its technological infrastructure to address use-cases across several other industries.
[Funding alert] Mumbai-based smart calling startup Callify.ai raises $560K in seed round
With this funding, Callify.ai aims to strengthen its first-mover’s advantage in the HR tech domain before replicating its core engine to address use-cases across multiple industries.
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Callify.ai on Tuesday said it has raised a
seed funding of
Venture Catalysts, UAE-based
Marvari Angel Network also participated in the round.
“We are excited that some of India’s leading investment institutions are confident in our value proposition and the team’s capabilities to execute the planned growth. This funding only validates that we are on the right path and motivates us to continue working towards our long-term goal,” Chetan Indap, CEO, Callify.ai, said on the investment.