Fintech Startup Valyx Secures Funding in India

Valyx, a B2B financial management platform, has raised USD 800K in a pre-seed funding round led by Huddle Ventures and Waveform Ventures. The round also saw participation from Bharat Founders Fund and Propell Fund, led by Shanti Mohan of LetsVenture.

• The funds will be used to expand Valyx's sales and engineering teams and accelerate its product roadmap.
• Valyx automates billing and receivables management, helping businesses streamline payments, improve cash flow, and close financial books faster. Key features include usage-based billing, collections, reconciliation, and dispute management.
• By automating these processes, Valyx enables finance and sales teams to focus on building relationships with buyers.
• Valyx has processed over INR 200 crore in accounts receivable, claiming to address a major pain point in financial operations.
• Valyx aims to build a full-stack AI-powered revenue management platform, transforming B2B payments and financing in India.

0xPPL Raises Funding for On-Chain Social Networking in India

0xPPL, a social networking platform for the on-chain world, has raised a strategic funding round led by AllianceDAO, Anagram, and Peak XV Partners. The funding amount remains undisclosed but includes notable investors like Balaji Srinivasan, Anatoly Yakovenko, Raj Gokal, Sandeep Nailwal, Ryan Selkis, and Sreeram Kannan.

• The platform plans to use the funds to enhance its product, grow its team, and further its mission of becoming the leading on-chain social networking platform.
• Founded in August 2022, 0xPPL is designed for crypto natives, offering a secure environment for on-chain social networking.
• It allows users to track portfolios across multiple blockchains, providing real-time insights into investments, staking rewards, and token positions.
• 0xPPL offers a seamless content-sharing experience by enabling cross-posting across platforms like Twitter, Farcaster, and Lens Protocol.

Fashion App Slikk Secures Funding for 60-Minute Delivery in India

Slikk, a GenZ-focused fashion delivery app, has raised USD 300K in a pre-seed funding round, led by Better Capital with participation from Untitled Ventures.

• The funds will be used to expand Slikk's delivery service to 70% of Bengaluru's pincodes, onboard over 100 fashion brands, and establish a large-format dark store to enhance operational efficiency.
• Slikk plans to extend its reach to other Indian metro cities and diversify its offerings to include beauty, personal care, and home decor products.
• Slikk offers a 60-minute delivery service for the latest fashion trends, catering to the impulsive shopping habits of Gen Z and young millennials.
• The platform refreshes its styles weekly, delivering fresh designs directly to consumers.
• Slikk intends to solve the problem of fast fashion trends by bringing in new designs from upcoming brands every week and a 60-minute delivery timeline.
• Slikk's long-term vision includes nationwide expansion in India.

Fintech Platform Valyx Aims to Revolutionize B2B Financial Management in India

Valyx is a fintech startup that has created a platform to streamline and automate financial management for businesses in India. Their focus is on addressing the pain points in traditional methods of managing receivables and payments, such as manual Excel tracking, tedious bank statement downloads, and time-consuming follow-ups.

• Valyx leverages artificial intelligence, customizable workflows, and integrations with ERP, payments, and internal systems to automate the billing and receivables flow.
• This automation allows finance and sales teams to focus on building relationships with buyers, ultimately improving cash flow and enabling businesses to get paid up to 30% faster.
• Valyx aims to revolutionize the B2B financial management landscape in India by providing a comprehensive solution that simplifies complex processes and improves efficiency.

Social Networking Platform 0xPPL Aims to Become the Leading On-Chain Social Network in India

0xPPL is a social networking platform designed specifically for crypto natives in India. The platform offers a secure and engaging environment for users to connect and interact while staying informed about the latest developments in the on-chain world.

• 0xPPL's key features include portfolio tracking across multiple blockchains, providing real-time insights into investments, staking rewards, and token positions.
• The platform also offers a seamless content-sharing experience through cross-posting functionality, allowing users to share their thoughts and updates across different social platforms.
• 0xPPL's vision is to become the go-to crypto app in India, providing a comprehensive platform for users to connect, engage, and stay informed about the crypto ecosystem.

Fashion App Slikk Targets India's GenZ with 60-Minute Delivery

Slikk is a fashion delivery app that targets the impulsive shopping habits of GenZ and young millennials in India. Their innovative approach combines the latest fashion trends with rapid 60-minute delivery, addressing the demand for quick access to new styles.

• Slikk refreshes its styles weekly, ensuring a constant influx of fresh designs directly to consumers.
• By focusing on speed and convenience, Slikk aims to disrupt the traditional fashion marketplace in India, offering a new and exciting shopping experience.
• Their plans for nationwide expansion in India demonstrate their commitment to catering to the growing demand for fast fashion and on-demand delivery services.

India's Startup Ecosystem Thriving with Pre-Seed Funding

These three startups, Valyx, 0xPPL, and Slikk, represent the diverse and innovative landscape of India's startup ecosystem. The pre-seed funding they have secured reflects the growing confidence in the potential of these businesses to disrupt their respective industries.

• As India continues to embrace technology and digitalization, these startups are well-positioned to capitalize on the opportunities and drive further innovation in the country.