Investment in Sharpsell, Drizz, Family Space, and other startups made during the initial funding stages
Several Indian tech startups have recently secured funding to fuel their growth and international expansion. Here's a roundup of the latest funding news:
Sharpsell.ai Raises $3.5 Million in Series A
Sharpsell.ai, a sales playbook automation platform, has secured Rs 30 crore ($3.5 million) in its Series A funding round. The round was led by Equentis Angel Fund, with additional investors including Cornerstone Venture Partners and Mistry Ventures. The funds will be used to enhance product capabilities, deepen sectoral penetration within existing verticals, and support international expansion primarily across Southeast Asia and the Middle East and North Africa (MENA) regions.
Drizz Secures $2.7 Million in Seed Round
Drizz, a startup that helps developers and QA teams to write, run, and maintain end-to-end test coverage using plain prompts in English, has raised $2.7 million (around Rs 23 crore) in a seed round. The round was led by Stellaris Venture Partners, with participation from Shastra VC and other angel investors. The funds will be used to enhance its Vision AI engine, expand its engineering team, and boost research capabilities, supporting product development and scaling.
Passprt Trips Secures Pre-Seed Funding
Passprt Trips, a personal travel advisor founded in 2023 by Ujjwal Garg and Manoj Rai, has raised $500,000 (around Rs 4.3 crore) in a pre-seed round led by Aroa Venture Partners. The startup plans to use the capital to deepen product capabilities, expand its community of travellers, and roll out to 20 destinations across Asia Pacific (APAC) and the Middle East over the next three months.
Astra Studios Launches with Hombale Group
Astra Studios, a creative-technology venture focusing on end-to-end creative solutions for films, series, brand campaigns, ideation, visualisation, VFX, generative AI solutions, and post-production development of original character universes, was launched by Hombale Group and Perpetual Capital. Hombale Group, the construction and infrastructure developer, has partnered with Perpetual Capital to launch Astra Studios.
Family Space Secures Funding but Details Remain Scant
Family Space, another startup that secured funding in a separate round, has not disclosed the exact amount raised or its planned use of funds. Similarly, details about Passprt Trips and Astra Studios' funding amounts and international expansion plans are not publicly disclosed in the search results.
These tech startups are poised to make significant strides in their respective industries, thanks to the funding they've secured. As they continue to grow and expand, we can expect to see innovative solutions and services that cater to a global audience.
- The technology-focused startups Sharpsell.ai, Drizz, Passprt Trips, and Astra Studios have securely raised significant funds to invest in product development, team expansion, and international expansion, particularly in Southeast Asia, MENA regions, APAC, and the Middle East.
- With the recent influx of finance, these tech businesses will immerse themselves in research, AI development, and improving their services to offer innovative solutions and cater to a global audience.
