Business

In recent fashion news, Virgio, a pioneer company founded in 2022 by Mr. Amar Nagaram, has received 37 million USD of funding, which roughly translates into INR 306 crore, in a round led by companies like Prosus, Accel, and Alpha Wave. What is new about Virgio is that it focuses on the use of technology throughout the design, manufacturing, and purchasing processes. Ensuring a smooth working structure in the fashion life-cycle. This, according to Mr. Nagaram, will allow buyers to have real-time access to runway fashion as well as give…

Generative AI startup Hexo has raised $270,000 in a pre-seed funding round led by Antler India, via the VC firm’s Antler India Residency initiative. Founded by Vignesh Baskaran and Kunal Bhati, The startup is building an open-source image generation API that offers a wide range of controls to make image generation more predictable and accurate. This fine-tuner product for enterprises is targeted at enabling them to easily build custom image generation engines based on the company’s design language, products, characters, IP etc. “Our first product is a fine-tuner for enterprises to build custom…

In-Med Prognostics, an AI-based health tech startup, has raised $2.13 million in a new funding round. The raised capital will be used towards expanding its product portfolio and tap global markets. Pune-based In-Med Prognostics, an AI-based health tech startup, has raised $2.13 million in a new funding round led by Exxora, along with the participation from angel investors. According to the startup, the raised capital will be used towards expanding its product portfolio and tap global markets. In-Med Prognostics, founded in 2018 by Latha Poonamallee and Rajesh Purushottam, offers AI-powered image processing proprietary…

iXRLabs has raised $800,000 in a seed funding round. The startup plans to use the raised capital for scaling up the product.   iXRLabs, a Virtual Reality (VR) edtech startup for higher education, has raised $800,000 in a seed funding round led by an infrastructure development industry angel investor. The startup intends to use the funds raised to expand the product. Nihar Madkaiker founded iXRLabs, which provides experiential and immersive VR educational modules to universities and colleges in engineering, medicine, and sciences. According to the startup, its goal is to…

Pune-based ThingsUp has raised $600,000 in a seed funding round. The funds raised will be used to double down on the product development, sales, and operations teams. ThingsUp, a Pune-based low-code platform that assists businesses in developing and deploying IoT applications, has raised $600,000 in a seed funding round led by Silverneedle Ventures, Udyat Ventures, Lead Angels, GSF (an existing investor), and other angel investors. The funds raised will be used to expand the product development, sales, and operations teams, according to the startup. It will also introduce two additional…