Tuesday, July 7, 2020

Inspektlabs raises $600k Pre-Series A funding round - Latest Startup News


According to the latest startup funding news, Inspektlabs, an Inspection AI technology startup has raised $600k in a pre-series- A funding round led by Titan Capital, Better Capital, investment office of  the Snapdeal founders Kunal Bahl and Rohit Bansal, and a cluster of other angel investors.
This AI technology startup is also a part of the 2020 London Barclays Accelerator, which is powered by Techstars. According to Startup Funding news, Inspektlabs focuses on building the computer vision products for physical asset inspections using various photos and videos.
Founded in 2019 by DeveshTrivedi (CEO) and Sanchit (CPO), former McKinsey an Zomato employees, Inspektlabs’ solution is based on an AI technology which allows firms to perform damage assessment, claim estimation etc as per Latest Startup News

Startup funding in H1 2020 down by 31% at 272 – Latest Startup Newss
Deal marketing for startups in the first six months of 2020 has dipped by 31% to 272 transactions, while the total capital invested fell by 11% to$4.1 billion as compared to year-ago period, according to Latest Startup News.
The capital investors says that because of Coronavirus outbreak and byblocking the investments from China, things might get worse in the next two halfs, because there is usually a lag between deals and their announcements are closed.


Apart from other Startup Funding News,
Frontier Markets raises $2.25 million financing from the Rise Fund, Teja Ventures and others
Jaipur based last mile rural distribution startup, Frontier Markets announced that it has raised $2.25 million pre-series A financing led by ENGIE Rassembleursd’ Energies, The Rise Fund and The Singh Family Trusts along with Teja Ventures and affiliates of Beyond Capital Fund.
As per Latest Startup News, Frontietr Markets is a last mile assisted e-commerce and distribution company that leverages its network of tech-enabled women agents to market, sell and service products and services across rural India. The current investment will drive the company’s assisted e-commerce platform to the next level, adding digital marketing tools, AI enabled digital training and B2C solution onboarding their rural customers directly on their digital platform.
To get the latest startup news, follow Entrackr.com, an online platform which publishes the latest startup funding news in a regular basis.


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