Mumbai-based LightSaber Food Ventures Pvt Ltd, which sells health snacks through online and offline channels under the Snackible brand, has raised $175,000 in an angel round of funding led by a clutch of individual investors and high-net-worth individuals (HNIs). The funding will be utilized for expanding operations in India and abroad as well as marketing and hiring across verticals.
Artificial intelligence startup Innefu Labs on Monday said it has raised $2 million in funding from IndiaNivesh Venture Capital Fund. The funding will be utilized to enhance the AI platform that supports various law enforcement agencies for predictive intelligence and facial biometrics.
Be U Salons, part of the Delhi-based Gingerpan Swapkart, raised INR 4-crore as seed funding from a consortium of investors from UAE, Singapore and India. The funding will be utilized for strengthening the back-end operations and tech infrastructure, building core talent and marketing of the current and new stores.
Early-stage venture capital firm 50K Ventures has set aside $1million to invest in startups from emerging technologies such as artificial intelligence, machine learning, augmented reality, virtual reality, block chain, internet of things (IoT) and robotics. It plans to invest $50,000-100,000 in each of the 10-15 startups it finalises.
Bengaluru-based artificial intelligence and virtual reality startup Absentia has INR 8 crore in a pre-series-A round from investors including Exfinity Venture Partners, former Infosys executives V Balakrishnan and Mohandas Pai, Deepak Ghaisas and Girish Paranjpe. The funding will be utilized to build Norah AI, an artificial intelligence engine that can create interactive content for games with minimal human intervention.