Machine learning startup Entropik Technologies Pvt Ltd, which recognises emotions to help companies understand consumer behaviour, has raised $200,000 from two individual investors.The startup raised the funding from Dileep Bhatt, president of downstream operations at JSW Steel Ltd, and Milind Chaudhary, director of Sea Global Services Pvt. Ltd. The funding will be utilized for research to build technology and infrastructure, and bring on board clients for its software-as-a-service product for businesses.
Venture capital firm Accel Partners has raised $450 million under a new fund to make seed and early-stage investments in Indian startups. The new capital will be dedicated exclusively to invest in seed and early stage startups in the country.
Singapore-based early-stage investor Jungle Ventures, which has Tata Sons Ltd’s interim chairman Ratan Tata as an adviser, has closed its second venture fund at $100 million. The new fund will primarily invest in Series A and Series B rounds in tech startups in Southeast Asia. It will also look at opportunities in India and Australia for companies that can benefit from expansion into Southeast Asia.
Vendor collaboration platform TheVetted has raised about $500,000 in seed funding from early-stage investment firm Kae Capital and other investors. Angel investor and former Facebook general counsel Rudy Gadre and a few serial entrepreneurs in the US also participated in this round. TheVetted, run by California-based Vetted Inc, removes friction in business-to-business (B2B) investments by automating supplier management for large enterprises.
Crossahead, a social networking-based discovery platform for artists, has raised an undisclosed amount of funding from Indian cricketer Mohit Sharma. Founded in July 2015 it is a web-based social networking platform where potential customers can interact with professional artists based on their geographical location and requirements.