Enterprise software business Locofy.ai has raised $3 million in pre-seed funding from investors including Accel, January Capital, Golden Gate Ventures, and Boldcap. The cash will be used to expand the engineering and data science teams at the startup, which provides a platform that translates concepts into production-ready code. Angel investors and tech founders from Ola, Hasura, Holistics, Wego, GajiGesa, 1Bstories, Ohmyhome, CyberSierra, and Wekan, as well as the former head of growth for Australian visual design platform Canva, took part in the round. Honey Mittal and Sohaib Muhammad founded Locofy.ai…

Bizongo, a B2B platform for customised goods, announced the acquisition of Clean Slate Technologies, a Mumbai-based internet-of-things (IoT) startup, for an undisclosed sum. Clean Slate’s Internet of Things (IoT) technology aids factory efficiency. Bizongo hopes to outfit more than 100 Indian manufacturers with its IoT-powered cloud factory solution by 2023 as a result of this acquisition. It also intends to roll out the solution at three different locations by July. Clean Slate’s asset, goods, and people-tracking capabilities and sensors will be integrated into the tech platform to generate data and…

Inflection Point Ventures, a Gurugram-based angel investing platform, has announced the opening of its CAT II fund, Physis Capital. Physis Capital will have a corpus of $50 million and a green shoe option of additional $25 million, with a first close of $20 million. Physis Capital will invest in firms seeking pre-Series A to Series B fundraising rounds as a participant or lead investor. Physis Capital intends to establish a portfolio of 15 — 20 businesses with an average ticket size of US$2.5 million, according to the announcement. Following the…

Indian unicorns and soonicorns have ramped up their search for talent, owing to continued investor interest in the country’s thriving startup ecosystem. According to data from specialist staffing firm Xpheno, net headcount at startups increased by more than 11% in the first two months of this year compared to the same period last year. Soonicorns saw a 21% increase in headcount, while unicorns saw a 10% increase. During this time, thirteen startups were added to the unicorn list, with several more projected to join the list soon with billion-dollar values….