Contiinex, a conversational AI startup has raised a Pre Series-A round with a commitment of US$ 1 mn from us.
The company offers a Unified Communication as a Service (UCaaS) platform that helps orchestrate and automate an end-to-end customer engagement process and has a Speech-to-Text engine which helps customers transcribe voice recordings on a real-time basis with accuracy rates of up to 96%. Further, its AI-powered interaction analytics tool can turn valuable unstructured data from customer conversations into actionable insights that drive customer experience decisions and strategies to automate and improve compliance and quality control, and to enhance agent performance.
Dozee: US$ 6 mn raised in Series-A2 Funding
Healthcare startup Dozee has raised US$ 6 mn in a Series-A2 round with investments from new investors including State Bank of India, J&A Partners Family Office and Dinesh Mody Ventures (ex-JB Chemicals and Pharmaceuticals promoters – Sharan Asher & Pranabh Mody). Its existing institutional investors including YourNest Venture Capital, 3one4 Capital and Prime Ventures also participated in the round.
With this fresh funding, the company plans to expand its reach in India and launch ‘Made in India’ products in global markets.
Dozee has established a presence in over 380 hospitals covering more than 50 districts.
Datamotive, a cloud mobility platform has raised a US$ 3.8 mn Series-A round of funding, led by a Dubai-based VC firm. Other investors, including YourNest Venture Capital, 3one4 Capital and Patni Group, also participated in this round.
The company is a hybrid, multi-cloud workload mobility platform which enables seamless migration, protection and recovery of entire workloads from any source virtualisation platform to any target cloud platform. Built ground-up for hybrid, multi-cloud datacentres, the Datamotive engine enables freedom from any on-premise virtualisation platform or any major hyper-scale cloud platform.
Exponent Energy: From Concept to Production in Two Years
Since its inception in October 2020, Exponent's focus has been on delivering world-class technology at a rapid pace. Staying true to its mission, 2023 began with the team delivering 200 e^packs (battery packs) to their vehicle partner, Altigreen, resulting in as many vehicles deployed to FYN Mobility (a last-mile logistics customer). Furthermore, they have installed 30 e^pumps (charging stations) across Bengaluru, achieving an average of 1,200 charging sessions per month with the number set to grow exponentially!
Exponent Energy is a portfolio company with investments from both our second and third funds.
VTION: Awarded by MRSI for Technology Excellence
VTION has been awarded by Market Research Society of India (MRSI) in the category of 'Best Technology in Market Research' for the second time. The award this time has been showcased with Unilever as the case study.
The award honours innovative trendsetters and game-changers who, through their pioneering efforts and commitment, have demonstrated pathbreaking ideas to introduce breakthrough technology in market research industry processes to enhance the quality of consumer insights.
Thriwe: Expansion strategy across UAE, Saudi Arabia & Egypt
Thriwe, a leading benefits as a platform company aims to deepen its market shares in the UAE, expand into new product categories such as beach clubs, hotel memberships and luxury lifestyle products, and extend its reach to Saudi Arabia and Egypt over the next 18-24 months.
It currently serves 1.5 mn customers through its 15 clients, including major banks such as Emirates NBD, First Abu Dhabi Bank, Emirates Islamic Bank, Commercial Bank of Dubai and Mashreq Bank.
Thriwe recently hosted a fireside chat featuring legendary Indian cricketer, Kapil Dev, alongside Founder & CEO, Dhruv Verma. The chat centred around nostalgic learnings from their childhood, the aspirations that shaped them and their ideas of going with the flow and accepting every challenge that comes their way.
A three-day Founders’ Retreat was organised at ITC Rajputana, Jaipur, where the YourNest team, along with several portfolio founders, came together to bond, build and brief each other on what’s been happening in the startup world. With Manoj Kohli delivering an incredibly thought-provoking keynote address, and several heart-warming sessions inspired by TED Talks by the entrepreneurs, the Founders' Retreat also saw a hilarious set of games along with a series of fun awards.
YourNest Team Offsite
In February, Team YourNest headed to Rishikesh for an offsite where they discovered several facets and strengths of each other and of themselves that were previously unknown. The activities ranged from white-water rafting to rescuing injured colleagues as part of an exercise that required marshalling of several leadership traits including empathy, efficiency and experience.
Coming Up Next: Investors’ Day on April 22
The much-awaited Investor’s Day is back and will be held on April 22 in New Delhi. With performance updates and a lineup of industry leaders as speakers, we look forward to meeting many of our investors. If, by any chance, you have not received an invitation already and would like to attend the event, please send a mail to investor.relations@yournest.in.
