New Delhi: Three Indian startups have secured early-stage funding, according to their announcements on Monday. Mumbai-based fintech startup Fundly.ai raised $3 million in a seed funding round led by venture capital firm Accel, with participation from Multiply Ventures and undisclosed angel investors. Fundly.ai provides accessible credit solutions to pharmaceutical retailers and distributors to help manage their cash flows and margins. The startup plans to use the funds for product development, building its technology stack, and geographical expansion.
Meanwhile, Sugar Watchers, an FMCG brand that produces low-Glycemic Index food items for staples like rice and atta, raised $440,185 in a funding round led by ah! Ventures. Other investors include Chennai Angels, Mumbai Angels, Keiretsu Forum, Chandigarh Angels, and Sanjiv Rangrass (ex-ITC). Sugar Watchers plans to use the capital to improve its distribution and marketing in the Indian market and increase exports to the USA, UAE, Singapore, and Israel markets.
Finally, dating platform Meet7, run by Zipdate Private Limited, raised $300,000 in a seed funding round from Z1N Capital, Narendra Murkumbi, and Suhas Chandak. Meet7 uses deep learning technology to provide a safer online platform for users and prevent issues like fake profiles, catfishing, and cyberbullying. The Mumbai-based company plans to use the funds to deploy towards product development and scaling up from the proof of concept stage. Meet7 aims to hit a million users over the next 12 months.
