The startups will primarily leverage the funds raised to increase their audience base while also offering a larger bouquet of products and services.
Venture Catalysts, India’s first and largest integrated incubator and accelerator, and 9Unicorns, India’s first idea-stage accelerator VC, have announced investments in five startups – OTO Capital, Evenflow, GoNuts, Alphaa.AI and Klub. The startups will primarily leverage the funds raised to increase their audience base while also offering a larger bouquet of products and services.
OTO Capital – Venture Catalysts and 9Unicorns participated in the USD 6 Mn funding round of OTO Capital. The funds raised will help them provide expanded offerings to customers. The startup enables customers with the most affordable and flexible financing plans to own a vehicle in partnership with various Banks and NBFCs. Customers get an instant approval and ride home their brand-new vehicle under 30 minutes with zero paperwork along with paying up to 30% less EMI than any other financing option. At the end of the chosen tenure, customers also have the flexibility to walk away with no obligation, or upgrade to another brand-new vehicle, or make a bullet payment to retain the same vehicle.
Instoried – Venture Catalysts and 9Unicorns participate in USD 8 Mn funding round of Instoried, a DeepTech content company. The fund-raise will help them enrich its technology to provide enhanced solutions in multiple languages. The Bangalore based startup builds AI based Technology to test the content effectiveness of text and videos, in Hindi and English. Instoried provides end-to-end solutions to content marketers, helping them target a particular emotion based on its identification of the brand’s emotional quotient, with a data-driven, scalable and repeatable approach. Instoried has previously raised $1.8M from Venture Catalysts, 9Unicorns, SOSV and others.
GoNuts – Venture Catalysts and 9Unicorns have announced an undisclosed Pre-Series A investment in “Celebs on demand” platform, GoNuts. services. The funds will be deployed towards creating the largest and most transparent platform for accessing celebrity services by businesses and individuals, alike. GoNuts has a significant portfolio of leading celebrities across categories like films, television, sports, and music, amongst others, most of them exclusively available on their platform. This gives their users a diverse range of celebrities, including regional celebrities to engage with audiences in tier 2, 3 and 4 cities and conveying personalized messages to their loved ones. The biggest competitive edge that GoNuts offers is the elimination of coordination costs and it aspires to productize and platformize celebrity services.
KahaniBox – Venture Catalysts and 9Unicorns participated in the Seed funding round of an undisclosed amount in KahaniBox. The fund-raise will help them enhance their technology to provide more offerings to its customers. KahaniBox is a new age storytelling platform engaging the audience to become active participants and controlling the narrative of the story. Their choices affect the path of the story and leads to one of the multiple possible endings of the same story.
Klub– Venture Catalysts and 9Unicorns have announced their participation in USD 20Mn Seed round of Klub, a revenue-based financing platform. Klub provides funding for used-cases including recurring marketing, inventory, and capital expenditure. It extends this financing to digital-first companies as well as SMEs across domains of e-commerce, direct-to-consumer and EdTech. The startup provides flexible growth capital to businesses, ranging from ₹2 lakhs to ₹30 crore with zero equity dilution or personal guarantees.
Source: Business World
