Latest news with #InflexorVentures
Mint
3 days ago
- Business
- Mint
Atomberg in talks with investors to realign cap table as it preps for IPO next year
Mumbai: Atomberg Technologies' late-stage investors, Temasek Holdings and Jungle Ventures, are in talks to increase their stake in the smart fan maker by buying shares from early backers as the company gears up for a public listing next year, three people familiar with the matter said. 'These investors are in talks with Whiteboard Capital, Inflexor Ventures and A91 Partners to buy a part stake to increase their shareholding in the company," one of the people cited above said. 'The investors are unlikely to completely exit until or after the IPO (initial public offering) unless they get a good price," the person added. A second person said Atomberg is also in discussions with external investors to discover its valuation amid strong demand for the asset. The $30-40 million round will be largely secondary, with a small primary component, as the company does not currently require fresh capital. 'With these efforts, the company is trying to realign its capitalization table ahead of the listing. Atomberg has also tapped several bankers for an IPO and the appointments will happen in the coming months," according to a third person. Temasek and Atomberg declined to comment on the matter, while Whiteboard, Inflexor and A91 did not immediately respond to Mint's requests for a comment. The development comes over two years after the consumer appliances brand raised $86 million in its series C funding round led by Temasek and Steadview Capital at a valuation of $357 million, according to data from market intelligence provider Tracxn. The round also saw participation from Trifecta Capital and existing investors Jungle Ventures and Inflexor Ventures, through a mix of primary and secondary issuances. Early investors who made a partial exit in this round include A91 and the Gogri family. The company highlighted that it planned to use the proceeds towards boosting manufacturing capabilities, new product launches, deepen offline presence across key regions and consolidate Atomberg's position in the consumer appliance market. The Mumbai-based startup, founded in 2012 by Indian Institute of Technology-Bombay alumni Manoj Meena and Sibabrata Das, started off making smart, energy-saving fans. It has since diversified into smart mixer grinders, water purifiers and other home appliances, for which it needs fresh capital, the people said. With a presence across online and offline distribution centers and a diversified product mix, the company's revenues have been steadily increasing. Das highlighted that the company has crossed ₹1,000 crore in revenue in FY25 in a LinkedIn post earlier this year. In FY24, it reported a revenue of ₹864.6 crore as compared to ₹649 crore a year earlier. Its losses widened to ₹203.4 crore from a loss of ₹138.4 crore in FY23, Tracxn data showed. Redseer estimated that the overall Indian appliances and electronics market is set to nearly double from $75 billion in 2024 to $130-150 billion by 2029 at a compounded annual growth rate of 12-15%. This will be driven by consumers increasingly seeking convenience-led lifestyle, awareness around health and wellness which is expected to aid demand for appliances like air fryers, juicer-grinders, and purifiers and premiumization purchasing patterns across the board, the consultancy firm said in a report last month.
News18
31-07-2025
- Business
- News18
'Very Manufacturing Friendly': Women In Business Hail Maharashtra At News18 SheShakti
Last Updated: The businesswomen, however, said infrastructure and real estate costs were two big challenges in the state capital Mumbai and surrounding areas Women in business hailed Maharashtra as having an easily accessible ecosystem for manufacturing. They, however, said infrastructure and real estate costs were two big challenges in the state capital Mumbai, which is the economic hub of India. Edition founder and CEO Naiyya Saggi, The Sleep Company co-founder Priyanka Salot, and Inflexor Ventures partner Harsha Mundhada spoke during a panel discussion on 'Innovation to Impact' at the first-ever Mumbai edition of 'News18 SheShakti 2025' on Thursday. 'Maharashtra is very manufacturing friendly. Real estate is easily available, along with manpower and logistics – the whole ecosystem is easily available in Mumbai and surrounding areas," said entrepreneur Priyanka Salot said while talking about opportunities for setting up a business in the state. She added: 'Today, the scenario has changed and you get talent across the ecosystem – be it Navi Mumbai or Thane. There were no opportunities before, but now there are. So, there's no fight for talent." Venture capitalist Harsha Mundhada, however, said small businesses find it difficult during the initial stages. But that smoothens out once the company takes off. Entrepreneur Nayya Saggi pointed out that another big advantage Mumbai has is that it is 'so safe" for working women. 'It's so safe. You can catch a taxi or a bus anytime of the night. It's so safe for women to work out of Mumbai, coupled with the loyalty and efficiency of the workforce," Saggi said. But all the three women agreed that Mumbai's infrastructure needs to change. Saggi said while better infrastructure was coming up, real estate costs need to come down especially for mid-management people. Mundhada said Maharashtra also needs to look beyond Mumbai and Pune if it wants to build world-class brands. 'Maharashtra needs to look beyond Mumbai and Pune – there are a lot of pockets like Aurangabad, Nagpur, and Solapur, which need to be developed," she said. The Mumbai edition of SheShakti sets the stage for the grand national celebration in Delhi on August 21. The theme for this year, 'From Breaking Barriers to Building Bharat', captures the journey of Indian women. The event features a diverse line-up of trailblazers, including diplomats, policymakers, business leaders, sportspersons, artists, and media voices. Key dignitaries include Maharashtra Chief Minister Devendra Fadnavis and Ashwini Bhide, principal secretary to the CM and MD, Mumbai Metro Corporation, from the government; foreign dignitaries like H.E. Ambassador Chavanart Thangsumphant, Thailand Ambassador to India; celebrities like actors Nimrat Kaur, Shriya Pilgaonkar, and Renuka Shahane; sportspersons like Olympian Anjali Bhagwat among others. ABOUT SHESHAKTI News18 SheShakti 2025 celebrates the women who are building India's future, not just by breaking barriers, but by building the Bharat of tomorrow. The theme of this year, 'From Breaking Barriers to Building Bharat," spotlights women making real change on the ground- creating jobs, driving innovation, transforming communities, and making systems more inclusive. From rural change-makers to tech trailblazers, the initiative brings to life how women are not just disrupting the status quo but building the very framework of a stronger, self-reliant Bharat. tags : Business entrepreneurship maharashtra manufacturing view comments Location : Mumbai, India, India First Published: July 31, 2025, 18:56 IST News cities 'Very Manufacturing Friendly': Women In Business Hail Maharashtra At News18 SheShakti Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
20-05-2025
- Business
- Yahoo
CloudSEK secures $19m to advance AI-driven cyber threat intelligence
CloudSEK, an AI-powered cyber threat prediction and intelligence company, has secured $19m through its Series A2 and B1 funding rounds. The funding round saw contributions from India and US-based investors, including MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and strategic investors such as Commvault. CloudSEK's earlier backers, including Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund, and Exfinity Ventures, continue to lend their support to the company's vision. The company was established in 2015 by cybersecurity researcher-turned-entrepreneur Rahul Sasi, with a vision to build a safer digital future by predicting and mitigating cyber threats proactively. The company is claimed to have evolved into a trusted threat intelligence platform, serving over 250 enterprises across various sectors including banking, technology, and the public sector. The newly secured capital will facilitate CloudSEK's continued product innovation and global expansion. The company focuses on advancing its AI models and platform integrations to enhance its threat prediction capabilities. Unlike traditional tools, CloudSEK identifies initial attack vectors, such as leaked credentials and exposed APIs, to prevent breaches. CloudSEK co-founder & CEO Rahul Sasi said: 'We built CloudSEK to predict the initial attack vector and stop threats before they hit the headlines with the goal of preventing threats before they escalate.' 'Unlike conventional threat intelligence that focuses on indicators of compromise after an attack, our platform detects the earliest signals—leaked credentials, exposed APIs, compromised vendors—weeks before an incident unfolds. That's our version of threat intelligence: predictive, not forensic. 'Today, over 60% of our net new revenue comes from international markets, with the U.S. emerging as our fastest-growing region. We've achieved this scale while staying cash flow positive. This round—backed by top financial and strategic investors—not only validates our vision but reinforces what we've believed from day one: cybersecurity must be proactive, not reactive.' CloudSEK VP of Finance Kalyan Kumar Vattipalli said: 'CloudSEK has grown 3x in ARR over the last 24 months and continues to grow well above industry standards.' 'The round attracted significant interest from global financial investors, and we will soon be announcing Series B2 as an extension of B1, both to onboard new investors and to facilitate partial exits for some of our early backers.' "CloudSEK secures $19m to advance AI-driven cyber threat intelligence" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Mint
20-05-2025
- Business
- Mint
Cybersecurity startup Cloudsek raises $19 million in funding
Cybersecurity firm CloudSEK has raised $19 million across Series A2 and B1 funding rounds, the startup said in a statement on 20 May. The latest round saw participation from a mix of India- and US-based investors, such as MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and select strategic investors, including Commvault. Notably, Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund, and Exfinity Ventures, the statement said. The company is expected to announce a Series B2 round as an extension to the current B1. It plans to bring new investors on board and facilitate partial exits for some of its early backers. Founded in 2015 by cybersecurity researcher-turned-entrepreneur Rahul Sasi, CloudSEK was created with a mission to build a safer digital future by proactively predicting and mitigating cyber threats. "What began as a research-driven initiative has since evolved into one of the industry's most trusted threat intelligence platforms—serving 250+ enterprises across banking, healthcare, technology, and the public sector, the statement said. The Bengaluru-based company previously raised $4.1 million and $7 million in 2023 and 2021, respectively, according to data from market intelligence platform Tracxn. The newly-raised capital will fuel CloudSEK's continued product innovation and global expansion, with a focus on advancing its AI models and platform integrations. Unlike traditional tools that respond after an incident, CloudSEK identifies Initial Attack Vectors (IAVs)—the earliest signs of a potential breach, such as leaked credentials, exposed APIs, or compromised vendors. 'We built CloudSEK to predict the initial attack vector and stop threats before they hit the headlines with the goal of preventing threats before they escalate.' said Rahul Sasi, Co-founder & CEO of CloudSEK. We built CloudSEK to predict the initial attack vector and stop threats before they hit the headlines with the goal of preventing threats before they escalate. CloudSEK serves more than 250 clients across segments such as banking, healthcare, technology and the public sector. 'With this funding and a strategic investor on board, CloudSEK is doubling down on its vision to make predictive threat intelligence a global cybersecurity standard for —empowering organizations to stay ahead of increasingly sophisticated threat actors,' the statement said.
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Business Standard
20-05-2025
- Business
- Business Standard
CloudSEK raises $19 million for AI-led innovation, global expansion
Cybersecurity firm CloudSEK has raised $19 million across Series A2 and B1 funding rounds from a mix of India- and US-based investors. The latest round saw participation from MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and select strategic investors, including Commvault. The company is expected to announce a Series B2 round as an extension to the current B1. It plans to bring new investors on board and facilitate partial exits for some of its early backers. Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund and Exfinity Ventures are among CloudSEK's earliest investors. The capital raised in the latest round will be directed towards product innovation and the company's global expansion. It will focus on advancing its artificial intelligence (AI) models and platform integrations. The Bengaluru-based company previously raised $4.1 million and $7 million in 2023 and 2021, respectively, according to data from market intelligence platform Tracxn. CloudSEK serves more than 250 clients across segments such as banking, healthcare, technology and the public sector. The cybersecurity firm identifies Initial Attack Vectors (IAVs), which are early signs of a potential breach, such as leaked credentials, exposed APIs or compromised vendors. 'Today, over 60 per cent of our net new revenue comes from international markets, with the US emerging as our fastest-growing region. We've achieved this scale while staying cash flow positive,' said Rahul Sasi, co-founder and chief executive officer (CEO), CloudSEK. Founded in 2015, CloudSEK is a contextual AI company that claims to predict cyber threats. Its cloud software-as-a-service (SaaS) platform offers security solutions aimed at addressing the digital risks faced by its clientele.
