Bharat Innovation Fund

The funds will be used for global expansion, according to the startup

vPhrase is also looking to launch a new product for enterprises in the near future

The AI platform claims to have successfully executed over 200 use cases

The partners at Falcon Edge Capital also invested in the round

Prior to this, CreditVidya has raised $7 Mn in two rounds of funding

It is backed by Matrix Partners and Kalaari Capital

DeTect plans to use the fresh funds to expand internationally and supplement the core R&D focus of the company

The company would also use the fresh capital to build manufacturing capability for mass producing its patented technology products — GUMPS and NOCTUA

The company has nearly 40 Indian clients and three global clients — from the US, the UK, Portugal, and Singapore

• Entropik Tech will use the funds to scale its platform Affect Lab 2.0 and expand globally
• It is the first company to get an investment from the $100 Mn BIF portfolio
• Arthavida Ventures, Jitendra Gupta, MD, PayU, and other existing investors also participated in the funding

• The pre-Series-A and Series-A focussed $100 mn fund has secured around 50% commitments from marquee institutional investors
• The investors in the fund are corporates, banks, insurers, and fund of funds - including SIDBI through its Fund of Funds for Startups (FFS) program, ICICI Lombard, Philips, Bajaj Electricals Ltd., RBL Bank, among others.
• Bharat Innovation Fund invests at the seed or Series A stage which includes grants and venture capital.

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