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str8bat, a Consumer Tech Company in Sports, raises funds from SucSEED Indovation

str8bat, a Consumer Tech Company in Sports, raises funds from SucSEED Indovation
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Samaaro raises Seed Funding to empower B2B Event Marketers

Bengaluru (Karnataka) [India], December 26 (ANI/BusinessWire India): Bengaluru-based Samaaro, a B2B event-marketing SaaS platform has raised seed funding round, led by SucSEED Indovation Fund with participation from Silver Needle Ventures Fund, The Chennai Angels, Lead Angels, Ankit Mehrotra (Founder, Dineout), Khalid Qazi (VP, Swiggy) and other eminent angel investors. The round also saw follow-on participation from the existing angels of their last round - Kedar Gavane, Shreya Ghorawat and Chaitanya Kalipatnapu. With the vision to help brands across the globe drive higher ROI from events, Samaaro aims to become an integral part of their marketing stack and maximize business growth for them. Samaaro is an event marketing platform that enables B2B marketers and event professionals to maximize their business growth and ROI when hosting or participating in events. The platform empowers B2B companies who host or participate in events to create an amazing brand experience and generate business opportunities. The comprehensive and unique platform is useful for those who are looking for a technology solution to create a memorable event experience, boost customer engagement, expand the leads funnel, and increase marketing ROI through event marketing. Purnank Prakash, the Founder and CEO of Samaaro said, "Event sponsorships drive 80 per cent of the total revenue of the events industry. More than 5 Million businesses participate as sponsors & exhibitors annually in events around the globe. However, generating qualified leads and accurately measuring their ROI remains one of the primary challenges for these event marketers. This is where Samaaro stands out from the competition and unlike traditional virtual or hybrid solutions out there, we focus on maximizing lead generation and thus optimizing the sales funnel for these businesses." He further added, "Having launched the operations in June 2020, Samaaro has been leveraged by more than a thousand global brands like ASSOCHAM, Queen's University and Informa Markets. In the last 2 years, Samaaro has hosted 1 million attendees from 150 countries and grown their revenues 300 per cent YoY. With close to 60 per cent of its revenue from international customers, Samaaro is truly a "building in India for the world" startup." Mayank Banka, the Founder & President of Samaaro said, "So far, we have been extremely focused on finding our PMF and spent conservatively on marketing. Healthcare and education are the top performing industries for us and we've seen strong organic traction, especially from North America." He further added, "Next, we intend to build a super suite of event marketing solutions focused on events such as summits, exhibitions, trade shows and product launches. The funds raised will help us build a leadership team with experience in the North American market to further establish Samaaro as a leading brand in the event tech space." Speaking on the investment round, Vikrant Varshney Co-Founder & Managing Partner of SucSEED Indovation Fund, said, "The market size of the global meetings, incentives, conferences, and exhibitions (MICE) industry is currently valued at over a trillion dollars and growing at a CAGR of about 13 per cent. The rising popularity of online streaming to replace in-person presentations, growing acceptance of remote working and the current buzz of events in the metaverse is gaining a lot of attention. Samaaro has a very unique value proposition to deliver and their approach of leveraging tech and the present global opportunity will surely make it one of the top in the industry. Samaaro has built a strong client base of 1000+ Brands on the platform including Salesforce, Huawei, L&T, Google, AWS, Hitachi and Qualcomm etc and we feel excited to back their growth story." Started in June 2020 by Purnank Prakash & Mayank Banka, Samaaro is an event marketing platform that enables B2B marketers and event professionals to maximize their business growth and ROI when hosting or participating in events. With a team of 25, Samaaro has boarded more than 1000 brands and hosted 1 million attendees from 150 countries. Generating 60% of the revenue from North America & APAC region, Samaaro has a strong foothold in these geographies. - Website - Linkedin Problem(s) that Samaaro is addressing: More than 5 million businesses from around the globe participate in conferences, exhibitions, and trade shows annually. These businesses spend a major chunk of their marketing budgets in creating brand awareness, generate leads and drive sales to grow revenues. However, due to the lack of relevant solutions for tracking attendee information, their interests and lead nurturing, most of these businesses struggle to create the necessary impact and event marketing remains one of the hardest channels to crack. Solution: Samaaro is a technology company that provides a robust event marketing platform to B2B marketers and event professionals. The platform empowers B2B companies who host or participate in events to create an amazing brand experience and generate business opportunities. Samaaro's intuitively designed platform enables brands to amplify their reach through integrated marketing tools. It offers a plethora of networking and engagement features to nurture a community of loyal customers. Further, the platform helps these brands in lead qualification and converts visitors into prospects, via a state-of-the-art dashboard, to maximize business growth and event ROI. The comprehensive and unique platform is useful for those who are looking for a technology solution to create a memorable brand experience, boost customer engagement, expand the leads funnel, and increase marketing ROI through event marketing. Founder's Details: Alumni of NIT Trichy 2014 batch and with 12 years of friendship, Purnank Prakash & Mayank banka have expertise of more than 8 years in building successful 0 to 1 products for the event-marketing industry. Using novel technologies like AR, VR, IoT etc. they have successfully executed marketing campaigns for Fortune 500 Companies, various government bodies and elite events like IPL. About the market Potential in this space: The MICE events industry is currently valued at over a trillion dollars and growing at a CAGR of about 13 per cent. The hybrid events industry that accelerated during the pandemic currently stands at USD 120 billion and is expected to become a USD 400B industry by 2027. The North America and APAC market shares 60 per centof this pie. This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

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SucSEED backs Remedo, a Shopify for Doctors

Remedo has secured an undisclosed amount in Fundraise from Hyderabad headquartered SucSEED Indovation Fund and other investors, Whiteboard capital, Titan capital, Suashish family office and angel investors such as Shashvat Nakrani (BharatPe), Krishnan Menon (Lummo) and Varun Sadana (Supertails) as part of its Growth investment round. Remedo is empowering doctors in an online world so they can control their practice & data, and can deliver better care to patients. Building Shopify For Doctors, Remedo aims to do for doctors, what Shopify has done for businesses – Helping the independent practitioner compete with organized players & aggregator platforms. Doctors have to

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SucSEED Indovation Fund backs a Security and RegTech platform, Lythouse

Gurgaon- October 2022 Lythouse, has secured an undisclosed amount in Fund raise from Hyderabad headquartered SucSEED Indovation Fund and established Angel such as Gopinath Latpate as part of its pre-series round. Lythouse started its operations in January 2020 as a safety tech company. With the motto of “making businesses & people safe in India” Lythouse with its proprietary product Lythouse Riskmatic Platform aims to save more USD 1 Billion for 12,000 businesses by helping them mitigate business risks and impact millions of human lives over next 4-5 years. Lythouse helps businesses identify and alert any external risk to businesses because

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SucSEED Indovation, funds Cloudworx, a web-based IDE platform

Cloudworx Technologies Pvt Ltd, has secured Seed Capital from Hyderabad headquartered SucSEED Indovation Fund as well as IIIT Hyderabad, Expert Dojo, and other angel investors. With a combination of “No-code + IoT + 3D”, Cloudworx has created a platform that allows users to create 3D = applications for the Enterprise Metaverse as Integrated Development Environment (IDE) Platform. Cloudworx Studio is a web-based IDE that lets users build applications and workflows for 3D content without writing any code. Their current focus is to build applications for the Enterprise Metaverse in the form of digital twins that are powered by real-time data

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SucSEED backs an AI powered online assessment and interview platform, Hirex.ai

Hyderabad - September 2022 hirex.ai, has secured Early Capital from SucSEED Indovation Fund and CiE IIIT-Hyderabad as part of its Seed round. With the motto of “Accelerating talent assessments with Voice AI and automation”, hirex.ai aims to build a talent assessment platform for Millennials and Gen Z job seekers who are increasingly using Voice AI solutions for every day communication needs. Hirex.ai provides a no code Voice AI platform to conduct and score level one interviews at scale autonomously. Unlike current assessment platforms, hirex.ai allows Talent Acquisition Groups (TAG) to conduct and score technical interviews without any human intervention. TAG

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6Degree raises Growth capital from SucSEED Indovation Fund and 1Crowd

6Degree, has secured an undisclosed amount in Fund raise led by Hyderabad headquartered SucSEED Indovation Fund and 1Crowd. The round also saw participation from Riso Capital, Keiretsu Forum and Angelbay. Setup in 2015 by Nikhil Hegde and Amit Bhardwaj, 6Degree is one of the leading e-commerce enablement platforms focused on the fashion and lifestyle retail sector. 6Degree’s flagship product “Honeycomb” was launched in 2020 and offers an end to end suite of solutions for managing the online business of brands ranging from order & inventory management for D2C websites, third party marketplaces, payment & fulfillment solutions, and brand growth solutions.

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SucSEED Indovation Fund and Jani Ventures Inc co-invest into Udbhata Technologies, an early-stage risk technologies Startup.

SucSEED Indovation Fund, India, an angel fund focused on bringing tech innovation to the market and Jani Ventures Inc, Canada, focused on early investment in promising tech-driven ventures have invested INR 2.75 Cr (~$380k) in Udbhata Technologies Pvt Ltd to commercialize and scale Qoris® ERM, Udbhata’s first offering. Qoris® ERM (www.qoris.io) is Udbhata’s proprietary risk management software solution focused on the non-financial sector globally, with highly innovative and first-in-class features such as the Peer Analyzer With quick onboarding, Qoris® Clients respond to risks faster and better, and significantly enhance their internal and external stakeholder confidence. Udbhata’s practitioner first approach helps

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SucSEED Indovation Gaming Fund invests in two Gaming Startups from STPI IMAGE CoE gaming cohort

Gaming Fund under the umbrella of Hyderabad headquartered SucSEED Indovation Fund continues to work with various partners to discover and support gaming start-ups with seed funding and organize mentorship support from successful Gaming Founders & experienced Influencers. SucSEED Indovation Fund and STPI led IMAGE CoE had announced their collaboration earlier to aid the gaming startup ecosystem. Gaming startups would be incubated with STPI IMAGE COE and SucSEED Innovation Fund would invest in the select Gaming Startups from the cohort. Up to $100,000 in funding will be offered for early-stage product development. Several successful Gaming Founders have joined the SucSEED Indovation

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Feetwings raises Capital from SucSEED Indovation Fund

Hyderabad - Jan 2022 - FeetWings Pvt. Ltd., has secured INR 1.1 Crore as Seed Fund, from a round led by SucSEED Indovation Fund and supported by Friends of PadUp and Elina Capital. With the motto of “developing cost effective and easy-to-use management tools to help diabetics lead a better life”, FeetWings introduces a smart healthcare assistant that continuously monitors patient's vitals such as foot temperature and blood glucose non-invasively through its Smart Socks, providing diabetics an accurate, cost effective and non-invasive tool for monitoring and management of blood glucose, peripheral neuropathy and foot ulcers. Feetwings is co-founded by Dr.

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