Wealth management startup Wealthy Nivesh, real-time data monitoring firm Leanworx and IoT solutions company Proxgy have secured early-stage funding, they said Thursday.
Wealthy Nivesh, a wealth management startup, has secured $1 million (Rs 8.5 crore) in fresh funding round, roughly two years after it raised seed capital.
The round, Mumbai-based startup said, saw participation from several angel investors and family offices. It did not disclose the names of the investors participating in the round.
The company was founded in late 2022 and provides wealth management services. It raised $200,000 in seed funding the same year. Wealthy Nivesh said it has developed some in-house algorithms to provide analysis of all the mutual funds, PMSes, and AIFs in India.
The founding team, which includes alumni from IITs and ISB, consists of Ankit Garg and Aditya Gupta as managing directors, Shrishti Sangal as chief service officer, and Vikas Agarwal as Research Mentor.
Bengaluru-based Leanworx, a startup specializing in real-time data monitoring, has raised Rs 8.3 crore in its seed funding round.
The round was led by YourNest Venture Capital, contributing Rs 6.5 crore, with an additional Rs1.5 crore from an angel investment group.
This funding is part of the YourNest-SanchiConnect Velocity Program 2024.
Founded in 2017, Leanworx provides an AI-powered machine monitoring system that delivers real-time, actionable data from shop-floor machines to decision-makers.
The funds will be utilized to scale marketing and lead-generation efforts in India and Southeast Asia and to advance product development, including hardware and software certification, the company said in a statement.
New Delhi-based Proxgy, a company specializing in IoT solutions for safety, connectivity, and productivity, has raised funding as part of its ongoing $3 million Series A round. Indian cricketer Ajinkya Rahane has joined as an investor in this round.
Other notable investors include entrepreneur Nikhil Kamath, Bollywood actor Suniel Shetty, and angel investors Vinod Duggar and Manish Patel, among others.
The funds will be used to scale operations, expand product offerings, and strengthen the company's presence overseas.
Founded in 2020, Proxgy is engaged in the manufacturing of IoT-based products and smart wearables, with a focus on innovative solutions for modern challenges.
