Various entities including DPDzero, Gladful, Hylenr, Cautio, CodeKarma, and others secure funding in their initial stages.
In the bustling world of startups, several companies are making waves with their innovative ideas and ambitious plans. Among them, DPDzero, an AI-driven debt collections fintech startup based in Bengaluru, has recently closed a significant $7 million Series A round.
DPDzero, founded by Ananth Shroff, is revolutionizing the collections industry by combining behavioral data, AI, and human operations. The startup has seen its revenue grow 6X in the past 18 months and serves a diverse clientele including fintechs, NBFCs, and banks like Tata Capital, Moneyview, L&T Finance, Manappuram Finance, RBL Bank, and IndusInd Bank. With the fresh funding, DPDzero plans to develop its multilingual AI collection agent and launch a network of professional field collection agents.
Meanwhile, other startups are also gearing up for growth. For instance, Hylenr, a company specializing in Low Energy Nuclear Reactions (LENR) to develop carbon-free heat energy systems for industrial heat and power, has secured $3 million in a pre-Series A round led by Valour Capital and Chhattisgarh Investments Ltd.
TPlusA India Pvt Ltd, a home furnishing company, has secured 5 million euros (around $5.8 million) in strategic investment from Livspace. The company plans to set up a manufacturing unit in Madhya Pradesh with the capital infusion.
CodeKarma, a startup that integrates real-time production insights into development workflows, has raised $2.5 million in a pre-seed funding round led by Prosus, Accel, and Xeed Ventures. The company aims to create autonomous, self-improving software systems and expand into new enterprise verticals.
Qbeast, a data optimization platform, has secured $7.6 million in a seed round led by Peak XV's Surge. The startup plans to use the funds to expand its team, broaden product support across more analytics use cases, and set up a development centre in Bengaluru.
However, recent, publicly available funding and growth information for these companies, including Gladful, Cautio, Capitalmind, and others, was not found in the available search results. For updates on these companies, dedicated databases like Crunchbase or PitchBook, or more specialized sources may need to be checked.
In summary, DPDzero is experiencing significant growth and recently closed a substantial $7 million Series A round to expand its AI-powered debt collection platform and field agent network, while no current funding updates are available for the other named companies. Each of these startups, in their unique ways, is contributing to the dynamic and innovative landscape of the Indian tech industry.
Technology plays a significant role in the evolution of DPDzero's business operations, as the AI-driven fintech startup combines behavioral data, AI, and human operations to revolutionize the collections industry. Meanwhile, other startups like Hylenr, TPlusA India Pvt Ltd, CodeKarma, Qbeast, and Gladful focus on various sectors such as energy, home furnishing, software systems, and data optimization, and are seeking funding to fuel their growth and development in the bustling Indian tech-business landscape.
