Cloud storage services startup Digiboxx raises $1.5 mn from investors
Digiboxx, a file storage and sharing or cloud storage services firm based in Chandigarh, has raised USD 1.5 million in a pre-series-A investment round sponsored by Capgro Fund.The investment will be used by the company, which was founded in December of 2020, to expand its product offering and talent. The initial funding gives the company a worth of USD 15 million.
It has more than 1 million users after only a year of existence. It’s a digital file storage, sharing, and data management service that lets people and small organisations save personal and professional information. Digiboxx currently supports eight regional languages and hopes to expand to more regional languages in the near future.
The Mumbai Angels Network led a round of funding for Jade Forest, a non-alcoholic beverage company.The money will be used to expand geographically and enter the ready-to-drink beverage category, which the company entered in August 2019.In November 2020, the company raised a seed round of USD 250,000.Jade Forest is a luxury non-alcoholic beverage company that has created a line of drinks by combining botanicals in their most natural and unprocessed state. It features five different goods that are accessible in over 23 different cities.
Beenext, a Singaporean venture capital business, Yatra Angel Network, and Jupiter neobank founder Jitendra Gupta have all invested in Savart, an investment advisory service.Beenext put in Rs 3 crore, Yatra Angel put in Rs 84 lakh, and Gupta put in the rest, according to the firm, which has already attracted investors such as Venture Fastrack’s Ajay Batra, the Wadhwani Foundation, and Narayan Shadagopan.These funds will be used by Savart to further improve its AI-based investment-research algorithm, expand into Canada, expand its client base, and for general company objectives.Savart, which employs an automated AI & ML-based investing research platform, was founded in 2017 with the goal of assisting investors in building long-term wealth without sacrificing their objectives and hobbies.
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