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Metadome, Keka HR, Flo Mobility, Yodacart raise early-stage deals

When it comes to funding deals, it has been a really exciting day for the Indian startup ecosystem.

B2B ecommerce startup Bizongo raised $110 million led by Tiger Global at a valuation of $600 million, payment gateway Razorpay has raised $375 million in a Series F round at a valuation of $7.5 billion. $400 million led by Alpha Wave Global at a $3.3 billion valuation has been raised by Cars 24 also.

Now, let’s take a look at smaller deals: 

Metadome raises $4 million from Chiratae Ventures, Lenskart, others

Metadome, a metaverse and AR builder platform for creators and brands, raised a $4 million pre-Series A funding round from Chiratae Ventures, eyewear retailer Lenskart’s Lenskart Vision Fund, and others.

Metadome was founded in 2016 by Kanav Singla, Prashant Sinha, and Shorya Mahajan as Adloid, with the goal of giving life-like augmented reality (AR) experiences to all smartphones. The funds will be used to expand the company’s technology and product teams, as well as invite more creators to help construct a metaverse.

By 2023, Metadome hopes to host one billion daily encounters.

Keka HR raises $1.6 million through revenue-based financing from Recur Club

1.6 million from Recur Club, a platform where companies with recurring revenue may access growth financing, has been raised by KekaHR.

Vijay Yalamanchili, a computer science graduate from the University of Delaware, started the Hyderabad-based startup in 2015. Hitachi, edtech unicorn Upgrade, fantasy gaming player Dream 11, and Ritesh Agarwal-led OYO are among the companies that use Keka HR’s services.

The proceeds from Recur Club will be used to expand the company’s sales and marketing activities outside of India.

Esah Tea raises $400,000 from NEDFi Ventures in pre-series A round

Esah Tea, situated in Mangaldoi, has raised $400,000 (Rs 3 crore) from Guwahati-based NEDFI Venture Capital Ltd.

Esah Tea, founded in 2019 by mechanical engineering graduate Bijit Sarma, sources teas from local tea estates around Assam and sells them online and in stores. The company currently sells a variety of teas, including whole leaf black tea, green tea, oolong tea, and white tea.

The funds will be used to expand Esah Tea’s marketing and operational teams. It also plans to introduce new products and expand into other markets.

Flo Mobility raises $400,000 from DevX Venture Fund, Blume Founder Fund, others

Flo Mobility, based in Bengaluru, raised $400,000 from DevX Venture Fund, a co-working space and accelerator, Venture Garage Angels, and Blume Venture’s Blume Founder Fund.

Flo Mobility, a startup founded by serial entrepreneurs Manesh Jain and Mohan Kumar in 2019, creates stacks that can be retrofitted into existing cars and equipment. Electric scooters, delivery bots, agri-weeders, surveillance bots, golf carts, and lawnmowers will all benefit from the company’s stack.

All these companies appear to be promising startups. I am confident about their future success. I send my best wishes to them.

Shishir Gupta, Founder and CEO of Startuplanes

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