ThingsUp, a low-code platform that helps businesses build and deploy IoT applications in a short duration of time, has raised $600K in a seed round from Silverneedle Ventures, Udyat Ventures, Lead Angels, GSF (an existing investor), and other angel investors.
Edtech Startup IXRLabs Raises $800K Seed Fund
The investment will be used to double down on the product development, sales and operations teams, the company said in a press release. With this fundraise, ThingsUp will also launch two more solutions aimed at solving electric vehicles (EV) OEM’s problems related to vehicle performance, diagnostics, and compliance.
Founded by Akshay J Ghadage and Pranav H Naiknavare, ThingsUp currently focuses on the electric vehicle mobility and cold supply chain logistics segment. It has built-in application templates for popular use cases such as EV monitoring, supply chain monitoring, telematics, logistics and asset tracking that businesses can deploy and go live within weeks.
Wellbeing Nutrition Raises $10 Mn In Series B Led By HUL & Fireside Ventures
The startup claims to already have over 12,000 IoT nodes on its platform processing more than 1 terabyte of data every day. It counts over 30 enterprise companies including some of India’s largest EV OEMs as customers.
Early-stage tech-focused VC firm Silverneedle Ventures primarily focuses on pre-Series A/Series A rounds of companies focusing on B2B SaaS, deeptech, sustainability, D2C/consumer internet, and emerging technologies. In October, the Hyderabad-based firm announced the launch of a Rs 100 crore worth new fund. It plans to invest in 30 startups in the next 18 months.
Edtech Startup Uolo Raises $25.5 Mn Fund from Winter Capital, Others
