Funding Alert
Codeless AI-platform Pyxis One raises $17M from Celesta Capital, Premji Invest
-
ByAyushi Ray | September 17, 2021
Codeless AI-platform Pyxis One raises $17M from Celesta Capital, Premji Invest. The round also saw participation from existing investors – pi Ventures, Chiratae Ventures, and Exfinity Venture Partners. Pyxis One will use the funds from the round to develop the product and expand in new geographies. So far, the startup has raised $24 million. Founded in 2018 by BITS Pilani graduates Vrushali Prasade, Hari V, and Shubham Mishra, Pyxis One provides codeless artificial intelligence-led platforms to marketers, among other creative professionals, to scale their marketing initiatives. The firm provides accurate data as well. “With AI’s agility and scalability, we bridge the gap between marketers and data scientists, and enable them to make better decisions in the backdrop of accurate and dynamic consumer insights. The new funds will enable us to speed up product development, hire more AI experts and data scientists, and expand our sales and marketing to additional markets,” said Shubham A Mishra, Global CEO of Pyxis One, in the release.
The firm claims to have seen a 550 percent growth since it was founded three years ago, and caters to companies across industries, including automotive, retail, healthcare, finance and food tech. Pharmeasy, Swiggy, Lakme and HDFC Bank are a few firms in Pyxis One clientele. “Every enterprise is either already rearchitecting themselves to adopt AI, or are dependent on one or more AI-driven platforms,” said Atul Gupta, Partner at Premji Invest. Marketing has also become one of the most important aspects as most consumer-facing companies are scaling online.
Also Read
-
-
Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
Follow Startup Story
