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Greyorange secures $110 million from Peter Thiel’s Mithril Capital;  Inflection Raises $5 Million;  Superbottoms Raises $3 Million;  Lenskart invests $2.25 million in Geoiq and Velocity Global raises $400 million


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Warehouse robotics company GreyOrange secures $110 million from Mithril Capital from Peter Thiel and others

Warehouse robotics and automation company GreyOrange has raised $110 million from Peter Thiel’s Mithril Capital and other existing and new investors.

The company also secured an investment in a separate debt financing from BlackRock.

The company will use the funds to drive its global growth and expand its market dominance. It will further expand global customer installations and accelerate deployment of the industry-defining software platform, it said in a statement.

The company will also use some of the debt financing for hiring as it seeks to add an additional 300 jobs across sales, marketing, product, engineering and customer success teams, he added.

GreyOrange provides software and hardware that automates multiple warehouse functions for companies such as Walmart, H&M, COS, Coupang and GXO Logistics.

Marketing Automation Solutions Startup Inflection Secures $5M Seed Funding

Inflection.io, a B2B marketing automation solutions company, has received $5 million in its seed funding round led by MHS Capital. The round also saw the participation of Version One, Cercano Management.

Angel investors including Matt Heinz (CRO Amplitude, SVP Sales Marketo), Edward Unthank (CEO Etumos), Justin Gray (CEO LeadMD), Adam Schoenfeld (CEO Simply Measured, VP Strategy Drift) and Ray Carroll (VP Sales Marketo, VP Sales Engagio), among others, also invested.

The company says it has grown exponentially in the past year since its inception and so far has over 750 members in its marketing community. The funds will be used to recruit and grow into more than 10 vacancies in India and establish an expanded team in the US and Indian markets, he said.

SuperBottoms raises $3M from Saama Capital, DSG and Venture Catalysts

SuperBottoms, a D2C brand of baby care products, raised $3M in Series A1 from Saama Capital, DSG Consumer Partners and Venture Catalysts.

The funds will be used to build a strong senior team that can expand the company’s reach to increase its loyal consumer base, according to a statement.

“We have doubled every year so far – thanks to a very strong product, strong customer support and an extremely loyal customer community of 1 lakh+ parents to whom we are forever grateful. Going forward, we want to further strengthen our leadership position with strategic hires at key levels, which can take the brand into new regional markets and expand into offline channels as well,” said Pallavi Utagi, Founder and CEO of SuperBottoms.

Lenskart and others invest $2.25 million in location-based AI company GeoIQ

Hyperlocal performance prediction company GeoIQ has raised $2.25 million from Lenskart. Existing investors 9Unicorns and Ecosystem Ventures, have also invested in the company.

The new capital will allow the location-based AI company to expand into international geographies, strengthen its proprietary data stack, and leverage data scientist communities to create diverse AI models. business growth, he said in a statement.

“One of the most exciting use cases for this intelligence is user segmentation at the top of the funnel,” said Devashish, CEO of GeoIQ. “Just One Address helps our fintech and insurance customers get behavioral metrics for 100% of their users.”

SustVest pockets $160,000 from angel investors to launch sustainable investing platform

SustVest, a sustainable investing platform, raised $160,000 in a funding round led by angel investors including Paurush Sonkar, Founder and CEO, Stallions Capital, and Balaji Vaidyanathan, and Sandeep Shetty – seasoned investors in carrier start.

The company will use the funds for product development, marketing and brand enhancement in the market, which will further enable the brand to provide the best-in-class sustainable platform in the Indian region, according to a communicated.

“We have a strong expansion strategy in the works and this investment will play a key role in making green investing affordable and accessible. Over the next 6 months, we aim to onboard over 5,000 investors and have over Rs 10 crore in assets under management. We will introduce new assets like greenhouses, small hydroelectric plants and wind projects as we evolve,” said Hardik Bhatia, co-founder of SustVest.

IAN leads Rs 3.85 crore investment round in QwikSkills

Cloud-based certification and skills platform QwikSkills has raised Rs 3.85 crore in a funding round led by Indian Angel Network (IAN) along with other investors. The funding was led by angel investors Manish Sinha and Naveen Gupta of IAN.

“The cloud-based digital learning and certification platform aims to use freshly infused capital to expand its footprint in the business-to-business (B2B) and business-to-consumer (B2B2C) segment with universities and colleges, “said the company.

It plans to use the investment funds to strengthen its workforce and hire a team of cloud experts, developers, sales and marketing teams for B2B sales and enterprise sales, with a vision of acquire a major percentage of B2B markets.

Velocity Global Raises $400M in Series B at Multi-Billion Dollar Valuation

Velocity Global, a startup aimed at making the process of hiring remote and international workers easier, has raised $400 million in a Series B funding round led by investment firms Norwest Venture Partners and Eldridge Industries.

The cycle has increased the company’s valuation sevenfold since the same period last year, Velocity Global said.

Velocity Global says it has more than doubled its client list over the past year, tripled the number of new talent supported on its platform, and said it will hit an annual net revenue rate of $200 million. dollars by the middle of the year, as it continues to evolve rapidly.

The company will use the funds to continue improving the customer experience for business and talent. The company will also make strategic investments in technology, sales and marketing, as well as potential future acquisitions.


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