Low Code Automation Platform Twixor Raises $2.4 Mn from Season Two Ventures, Axilor Ventures and The Chennai Angels

The intuitive solutions CX platform for intent-driven and micro-engagement solutions is planning an aggressive scale-up

Twixor, a Singapore HQ, low-code no-code (LCNC) conversational AI and process automation platform that helps businesses build hyper-personalized engagement solutions has announced that it has raised $2.4 Million in Series A round from Season Two Ventures (an Indo-US corridor VC firm), Axilor Ventures and The Chennai Angels.

Twixorsimplifies the way organizations integrate consumer interactions/engagements in their business processes to give enterprise customers better AI-driven cognitive experiences. With 6 global patents in its kitty, the CX automation platform powers accelerated conversations by driving seamless, low-friction, multi-lingual, and app-less interactions and transactions. The company is looking to aggressively scale up its reach and operations. The new funds will be utilized for further theirinnovation journey, to strengthen strategic partnerships, global expansion, and hire talent.

Twixor will shortly launch its global SaaS platform: ‘Twixor AIM’, a no-code omni-channel messaging engine, and ‘Twixor Compute’, a low-code process automation engine.

Speaking on this occasion, Ashok Anand, Founder & CEO, Twixor, said “Twixor helps businesses create superior customer experiences by enabling them to deliver intuitive solutions, address complex use cases, accelerate time to market and reduce total cost of ownership. This investment comes at a strategic moment in our growth journey. It will help us accelerate our twin objectives of technology innovation and global scale-up.”

Sajan Pillai, Managing Partner, Season Two Ventures said, “Twixor’s trajectory from ideas to success is rooted in the right culture to promote innovation and growth, which is very well aligned with our vision of digital transformation, especially in banking tech. We are excited to back Twixor's ambitions to scale their initiatives regionally and internationally. We look forward to supporting the company in realizing its full potential and unlocking new markets through our deep networks in banking and fintech”.

Season Two Ventures is focused on tech-enabled, early-stage start-ups in the enterprise SaaS, Health-tech, FinTech, logistics/supply chain and retail space.

Ganapathy Venugopal, co-founder & CEO, Axilor Ventures said, “It is time to see enterprise platforms for large global verticals being built from India. Twixor is a great example of this”

Axilor Ventures is a leading seed fund with a strong enterprise SaaS portfolio which includes companies like Detect, Maximl, Switchon and Leucine.

Mr Sameer Mehta (Chief Investment Director of Atlas Family and Vice Chairman at Dr. Mehta's Hospitals), and Angel Investor (The Chennai Angels) said, "Twixor is one of the fastest growing companies as every company they work with are able to show long term benefits and savings within 3 months. AI-assisted rapidly-deployable enterprise solutions at the best.”

The Chennai Angels is one of India's leading Angel Investment Networks.Twixor experienced 100% revenue growth in 2021 and is looking to double its revenue in 2022.

About Twixor:

Twixor drives seamless, low-friction multi-lingual app-less banking transactions – in contrast to a banking branch, website, mobile app, or call center – all of which have varying degrees of friction. This leads to a significant impact on customer satisfaction, customer loyalty and cost of acquisition, service, and retention, including time to open an account (reduced by 80+%), time to access required information or complete banking transactions (reduced by 65+%) or estimated cost optimization at a call center (reduced by 70+%).

Interior Design Automation Platform ‘Prolance’ Raises INR 4 Crore in Pre Series-A Round

Aims to use the funds for expansion across Tier 1 and Tier 2 cities in India

Technology enabled cloud manufacturing platform for Interior design companies ‘Prolance’ today announced that it has raised ₹4 Crore in a Pre-Series A round, from a clutch of investors, including Srini Anumolu, Cofounder of GrowthStory; Karthik Bhat, Founder of Force Ventures; and Tarun Matta, Founder of IIMJobs.

Prolance is helping interior design companies and freelancers with their automation platform by becoming their complete back end support system for material supply and manufacturing. The startup is already working with clients like Godrej Interio, Spacewood, Landmark and SquareYards, and additionally counts more than 500 smaller interior firms as its clients. It caters to interior designers, contractors, suppliers and processing factories.

Prolance is headquartered in Bangalore and has a strong presence in Hyderabad and Chennai in addition to Bangalore. It aims to utilize this investment for expansion into more cities across India with a mission to make the interior design projects execution simple, accurate and effortless.

Rama Harinath K, Cofounder and CEO of Prolance said, “Our cloud manufacturing and procurement platform brings all the stakeholders of the interiors ecosystem on one platform driving efficiencies for all stakeholders. The whole platform’s value proposition is underscored by the tremendous response we have received from our clients and users. Today, we are delighted to receive the backing of Karthik, Srini, and Tarun at this early stage in our journey of building and scaling Prolance. With this investment, we are now ready to execute the next stage of our growth and expansion strategy and reach more cities."

Prolance was founded in 2020 by five industry veterans: Rama Harinath K (Cofounder of HomeLane and MyHomeSpeaks), Vivek Parasuram (Cofounder of HomeLane.com and Bello Interiors), Raghunath Gururajan, Jaisimha Sathyanarayana, and Manoj K (all three are cofounders of DeltaCADD solutions).

Tarun Matta says, “Prolance’s founding team has outstanding credentials and expertise in the interior design and automation space and their stellar growth in such a short span of time is a clear indication that they have the potential to fundamentally transform how the interiors design market operates. I am excited to partner with them and get a ringside view to their growth in the coming quarters and years.”

Prolance’s automation platform promises to save up to 20% in project costs and reduce project delivery timelines by as much as 40%. It eliminates errors, cost escalations and ensures predictability for everyone in the interior business. It automates the complete back-end process for the interior design companies or independent designers and helps all the stakeholders involved in the execution process.

Karthik Bhat says, “Interior industry is fragmented with very few common platforms that bring together all the stakeholders. I am impressed by the technology enabled cloud manufacturing capabilities of Prolance’s platform. It automates and optimizes complex processes, in turn ensuring much greater efficiency in completing interior design projects. I believe Prolance is in a unique position to completely alter the dynamics of what is a huge market for interior designs through automation and am excited to partner with them.”.

The Prolance platform has been used to execute over 5,000 projects so far. Further, the Prolance marketplace for procurement of raw as well as finished components has onboarded over 100 brands. More than a dozen factories are completely integrated with the platform enabling cloud manufacturing for their partners.

About Prolance:

Prolance is a B2B technology enabled cloud manufacturing platform for interior designers. It caters to interior designers and design firms, architects, contractors, materials suppliers and processing factories, with a mission to make the interior design projects execution simple, accurate and effortless at every stage –from design to manufacturing and installation.

Prolance’s automation platform promises to save up to 20% in project costs and reduce project delivery timelines by as much as 40%.Godrej Interio, Spacewood, Landmark, SquareYards, L&Y and Zen Inc. are some of the clients already using the Prolance platform.

B2B Manufacturing and Automation Startup Groyyo Raises $4.6 Mn Led by Alpha Wave Incubation (AWI)

• Helps reduce critical operational inefficiencies with technology
• A ‘Groyyo Standard Factory’ sees revenue grow by ~15% & profitability increase by ~20%
• Groyyo has already empowered 200+ manufacturers across South Asia by maximising their potential within 6 months of inception
• Alpha Wave Incubation (AWI) is backed by DisruptAD, ADQ’s venture platform, and managed by Falcon Edge Capital

Mumbai based start-up Groyyo, a B2B Manufacturing and Automation company today announced it has raised $4.6 million in a seed round of funding led by Alpha Wave Incubation (AWI), which is backed by DisruptAD, ADQ’s venture platform, and managed by Falcon Edge Capital.

This round also saw participation by notable marquee angels such as Deepak Jain (Partner & Manufacturing Lead, Bain & Co), Arpan Seth (Partner & Global PE Lead - Bain & Co), OYO Group’s Global Chief Strategy Officer Maninder Gulati and Bombay Chamber of Commerce Chairperson Anjali Bansal. Early investors Sparrow Capital and notable venture-debt fund Stride Ventures also participated in this round.

South Asia is home to an untapped network of 20 million+ small & medium sized manufacturing businesses which are struggling to sustain themselves. This $120 billion industry is poised to grow 5x by 2025. However, in this extremely fragmented market where about 45% production is driven by micro manufacturers, the majority of small players are operating at barely 50% capacity utilization with critical operational inefficiencies. Rampant plaguing factors such as lack of quality demand, completely offline floor operations coupled with a lack of technology and challenges in raw material procurement lead to these businesses operating at suboptimal levels.

Groyyo is dedicated to driving growth creating opportunities for these smaller players. Through its factory-first monetization model; the company is focused on sustainable growth and driving efficiency for its factory partners; This means that a "Groyyo Standard Factory" will see revenue grow by ~15% & profitability increase by ~20%.

Innovation and a passion for change is at the core of Groyyo’s heart. The real-time production software digitizes partner factories by enabling production tracking and intelligent inputs to optimise efficiency and gives them a global outreach to international and national buyers.

Groyyo, has been working with MSMEs across South Asia. The company comes with a promise to make manufacturing partners smart, digital, efficient, and compliant to international standards enabling them to cater to global demand. Its competencies lie in creating an efficient, lean & transparent supply chain with innovation and technology driving its core.

Founded in July 2021 by Subin Mitra, Pratik Tiwari & Ridam Upadhyay, Groyyo has already empowered over 200 manufacturers across categories by maximizing their potential within just 6 months of being operational. Prior to this the founders held key leadership positions at B2B unicorns Zilingo and Udaan, respectively.

Subin Mitra, Co-Founder, Groyyo, said, “The future of global sourcing is going to be dominated by small manufacturers. With the rise & dominance of D2C brands, there is a pressing need for transparent, compliant, quality manufacturers who can cater to low minimum order sizes, fast turnaround times, and price competitiveness. Our mission at Groyyo is to bring technology to the millions of micro-manufacturers across South Asia and change the face of sourcing, globally.

Anirudh Singh, Managing Director, Alpha Wave Incubation, added, “We believe product sourcing is a global challenge with massive opportunities across both demand and supply. We really liked the supply first approach adopted by Groyyo, which helps them cater to a multitude of categories and products to serve buyers across the globe. Additionally, we also think Groyyo’s solution will give a fillip to South Asia’s rising small manufacturer segment, which is hungry to work with large scale clients.”

The latest funding will help the company build out its teams across key manufacturing clusters in South Asia along with expanding its presence across the United States and the Middle-east establishing a global footprint. Additionally, it will aggressively invest in the technological & physical upgradation of its manufacturing partners.

About Groyyo:

Groyyo is an innovation led B2B manufacturing and automation company headquartered in Mumbai. They aim to transform the manufacturing sector with AI, technology, innovation, standardization and industry experts' guidance.

Reach out to us at info@groyyo.com to know more about 'The Groyyo Standard.'

About DisruptAD

DisruptAD, ADQ's venture platform, was launched to accelerate the future of innovation. The platform offers productive incubation, investment and commercial scaling opportunities for tech start-ups in a state-of-the-art infrastructure for a digital led age. DisruptAD aims to advance R&D and unleash the potential of the UAE’s innovative and entrepreneurial ecosystem through highly skilled tech talent.

DisruptAD is attracting and creating a thriving community of founders, fund managers, incubators, and accelerators to globally build, support and scale disruptive technologies from Abu Dhabi.

About Alpha Wave Incubation

Alpha Wave Incubation (AWI) is a $300 million venture fund, backed by DisruptAD, ADQ’s venture platform and managed by Falcon Edge Capital. AWI has a dedicated team across London, Bangalore and Abu Dhabi. The fund invests in early-stage tech-enabled, disruptive start-ups in India and Southeast Asia. In addition to providing outstanding founders with early-stage capital, AWI offers access to an unrivaled set of support mechanisms for business-building, while also helping companies expand globally and open up new markets in the GCC/MENA region and beyond.

About Falcon Edge Capital

Falcon Edge Capital is a diversified global alternative asset manager co-founded in 2012 by Rick Gerson, Navroz D. Udwadia and Ryan Khoury. Falcon Edge manages approximately $4bn in assets across public and private markets. Falcon Edge has offices in New York, London and Bangalore. The firm offers a variety of investment products and strategies that cover a number of asset classes, themes and geographies.

ISRO Engineers Founded Automation Startup Fabheads Raises Rs.8 Crore Funding Led by Inflection Point Ventures

• Fabheads is a well-recognised startup in the hardware and manufacturing segment in India.
• Funds raised to be utilised in strengthening R&D team, building global sales and distribution and setting up infrastructure to support growth.
• Fabheads had earlier raised Rs. 4 crores in 2018.
• IPV announces Fabheads as its 15th deal for 2021; likely to invest Rs. 155 crore this year across 60 plus startups.

Fabheads Founders

19th May 2021, Delhi: Fabheads, a Chennai-based startup focused on automated manufacturing in the carbon fiber (and other composites) space, has raised Rs 8 crore in a Pre-Series A round led by Inflection Point Ventures, one of India’s largest angel investment platforms in India. Existing investors Keiretsu (Chennai Chapter) and Mr. Vijay Kedia also participated. The funds raised will be utilized in strengthening R&D team, build global sales and distribution and setting up infrastructure to support growth.

Ankur Mittal, Co-Founder, Inflection Point Venture says, 

Fabheads is a deep-tech startup which has built proprietary technology that can compete with the best in the world in a space dominated by only few large well-funded startups / publicly listed companies and where the use cases have the potential to grow exponentially in the near future. With the founders’ background from ISRO, we believe their expertise in robotics and 3D technology will help the company grow faster. Our network and the funds raised will help them achieve their ambition to scale across the world.

Fabheads developed India’s first 3D printer capable of printing with continuous fiber materials. It is also the winner of the National Award for Technology Startups (2021) by the Department of Science and Technology, National Startup Awards (2020) in the 3D Printing Category by Startup India, DRDO’s DaretoDream Award (2019), JEC’s Outstanding Innovation in composites award (2018) and the Top Startup in Manufacturing (2018) by CII.

Fabheads' Continuous Fiber 3D Printer Series [Image - fabheads.in/technology]

 
Currently, the startup is offering design and manufacturing services to drones, robotics, and shipping companies across India. A few of its portfolio companies are E-plane Company, Synergy Marine, Planys and ADA (Aeronautical Development Agency). It has also onboarded a couple of Singapore clients and recently started pilot operations across Asia.

Dhinesh Kanagaraj, Founder & CEO, Fabheads and ex-ISRO engineer says, 

IPV is one of the few investors who see the value in deep tech hardware startups. IPV team took great efforts towards understanding our offerings and have also gone beyond that by already adding value to Fabheads by making extremely relevant connections via their large business network across India and the Middle East.

The biggest value addition made by Fabheads to their clients is offering the flexibility to use their in-house certified raw materials. This factor is of extreme importance in the biomedical and aerospace industries as the clients go through decades of research to certify their materials.

Fabheads serves a large carbon fiber parts market which is a global market of $60 Billion with an annual CAGR of 14%. The Indian market alone is $5 Billion. Carbon fibers are used to make several high-performance parts from tennis racquets to rockets having applications across Sports, Automotive, Wind Energy Sector, Shipping, Aerospace, etc. and Fabheads plans to slowly expand into more sectors and geographies down the line.

About Fabheads

Fabheads was founded in 2015 by a group of experienced ISRO engineers with rich experience in product and large project management and pivoted in to composite material 3-D printing business model in 2017. The startup has since successfully raised two rounds of funding and is one of the well-recognised startups in the deep-tech hardware space in India. The company is the most known for being the first and still the only company in India to have developed their patented continuous fiber 3D printing process, a feat only a handful of companies across the world have achieved.

About Inflection Point Ventures

Inflection Point Ventures is a 3500+ strong members angel investing firm that supports new-age entrepreneurs, providing them monetary & experiential capital by connecting them with a diverse group of investors. Believing that ‘Everyone can Grow with Startups’, IPV was started in 2018 and plans to invest INR 155 cr in 2021 across 60 startups. IPV’s investors’ base is seeing a massive influx of highly accomplished CXOs and HNIs, looking to invest in startups with rational valuation and sustainable business models.