Connect with us

Funding

Rejected By Shark Tank India, From 0 funding to 120 crore valuation, Theka – Bhupinder Madan’s AmazingJourney

Published

on

Theka - Bhupinder Madan

The journey of Theka Coffee, from its inception to its current success, is a testament to resilience and strategic growth. Founder Bhupinder Madan‘s pitch on Shark Tank India, seeking Rs 50 lakh for 5% equity, did not result in a deal, but it laid the foundation for the brand’s future trajectory.

Despite initial setbacks, co-founder Abhishek Acharya emphasized that the experience on Shark Tank was not a rejection but an opportunity for growth. The public’s positive response post-show fueled their expansion, leading to a remarkable increase in valuation from Rs 5 crore to an impressive Rs 120 crore.

Theka Coffee’s journey has been nothing short of extraordinary, with over 800 outlets across 45 cities in India, showcasing their commitment to quality and innovation.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Funding

From a Metro Ride to $100M Funding: The Story of Pocket FM’s Rise in Audio Entertainment

Published

on

POCKET FM

In 2018, Rohan Nayak found himself stuck in a crowded metro, pondering the lack of innovation in audio storytelling during his daily commute from Gurugram to Noida. This simple thought sparked the idea for Pocket FM, an Indian platform offering short-form, serialized audio content like podcasts and audiobooks. Fast forward to today, Pocket FM has secured a remarkable $103 million in Series D funding, led by Lightspeed Ventures and Stepstone Group, marking a significant milestone in its journey.

Despite facing initial challenges and “near-death experi

nces,” Nayak and his team persevered, experimenting with various audio formats before finding success with short-form, serialized fiction. Their focus on bite-sized content tailored to the busy lifestyles of Indians, along with a dedication to regional languages, has garnered a loyal user base and propelled Pocket FM to the forefront of the Indian audio entertainment industry.

Moreover, Pocket FM recently completed its first Employee Stock Ownership Plan (ESOP) buyback, further solidifying its commitment to its employees. With a combination of innovative ideas, relentless determination, and a deep understanding of their audience, Pocket FM has transformed the way Indians consume audio content and continues to pave the way for the future of audio entertainment in India.

Continue Reading

Funding

SiMa.ai Secures $70 Million Funding to Revolutionize Edge AI with Advanced MLSoC Technology

Published

on

SiMa.ai, a leading innovator in embedded edge machine learning (ML) technologies, has announced a significant boost in its funding, securing an additional $70 million. This latest investment round, led by Maverick Capital and supported by Point72, Jericho, and other key players, brings the company’s total funding to an impressive $270 million.

Located in the heart of Silicon Valley, SiMa.ai specializes in developing cutting-edge Machine Learning System-on-Chip (MLSoC) technologies tailored for edge AI applications. The recent infusion of funds is earmarked for accelerating the development and delivery of their next-gen MLSoC, slated for release in early 2025. This new wave of funding not only underlines the industry’s confidence in SiMa.ai’s innovative approach but also its strategic vision in meeting the growing demand for edge AI/ML solutions.

Revolutionizing Edge AI with Seamless, Software-Centric Platforms

SiMa.ai’s mission is to streamline the integration of AI and ML into edge devices, making it simpler for customers to navigate their AI/ML journey. From computer vision to advanced generative AI, SiMa.ai aims to provide a unified software platform that effortlessly scales with the evolving needs of its users. The company’s first-generation MLSoC has already set a high benchmark in performance and efficiency for vision-based edge inference tasks. Looking ahead, SiMa.ai is focused on broadening its horizons to support a wider range of modalities, ensuring superior performance and power efficiency across the board.

Empowering Edge Devices with Next-Gen MLSoC

The advent of generative AI is transforming how we interact with technology, making multi-modal interactions like text-to-speech and image-to-video increasingly common. SiMa.ai’s upcoming MLSoC is poised to become a cornerstone for edge devices, enabling them to process these complex inputs with unprecedented ease and efficiency. By marrying innovative hardware with versatile software, SiMa.ai’s technology is designed to handle any model size or type, paving the way for a new era of intelligent edge computing.

Krishna Rangasayee, Founder & CEO of SiMa.ai, emphasized the transformative impact of AI on human-machine collaboration. “Our next-generation MLSoC is a game-changer, giving edge devices the ability to see, hear, and speak. This leap forward is not just about maintaining our technological edge; it’s about providing a comprehensive, software-centric platform that evolves with our customers,” he stated.

Andrew Homan, Senior Managing Director at Maverick Capital, highlighted the broader implications of SiMa.ai’s work. “The rise of generative AI is reshaping data center architecture and paving the way for AI’s expansion to the edge. With its unparalleled team, technology, and momentum, SiMa.ai is perfectly positioned to lead this transformation,” Homan remarked.

As SiMa.ai continues to push the boundaries of edge computing, its latest funding round marks a pivotal moment in the company’s journey. With a strong financial foundation and a clear vision for the future, SiMa.ai is set to redefine the possibilities of edge AI, making smarter, more efficient technologies a reality for users worldwide.

Continue Reading

Funding

Mave Health Secures Rs 6 Cr Funding to Launch Innovative Mental Wellness Startup

Published

on

Mave Health

In the realm of mental health technology, a groundbreaking venture is making waves. Mave Health, a dynamic startup founded in 2023, is on a mission to redefine mental wellness.

Investors Take Notice: All-In Capital and iSeed Fund spearheaded a pre-seed funding round, injecting Rs 6 crore into Mave Health. This financial boost signifies a pivotal moment in the startup’s journey, igniting anticipation for what’s to come.

Unlocking the Potential: At the heart of Mave Health’s innovation lies Arc, a revolutionary brain stimulation wearable designed to combat depression. This non-invasive device marks a paradigm shift in mental health treatment, promising hope to millions.

Brains Behind the Operation: Mave Health’s success is a testament to collaboration. Partnering with top experts from renowned institutions like Harvard Medical School and Maastricht University, the startup ensures Arc’s efficacy and safety.

From Theory to Practice: The real measure of Mave Health’s impact lies in its users. With over 1,000 individuals experiencing tangible improvements in depression symptoms during the beta phase, Arc emerges as a beacon of progress.

Democratizing Access: Recognizing the importance of accessibility, Mave Health forges partnerships with psychologists, hospitals, and private clinics across India. This strategic alliance aims to make Arc readily available to those in need, fostering a culture of holistic well-being.

In Conclusion: Mave Health’s journey is not just about innovation; it’s about rewriting the narrative surrounding mental health. With Arc leading the charge, the startup paves the way for a future where wellness is inclusive, empowering, and accessible to all.

By blending cutting-edge technology with a human-centric approach, Mave Health sets a new standard for mental wellness, one where hope, healing, and innovation converge.

Continue Reading

Trending