Fund News
Mili raises $2M seed round led by Chiratae and BoldCap
Mili, an AI meeting assistant for wealth management firms, has raised $2M in seed funding led by Chiratae and BoldCap, with participation from Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher, and Better Capital.
The funding will accelerate product development, increase customization, expand integration, and grow its engineering and customer success teams.
Founded in 2024 by Chirag Gandhi, Venela Miryala and Siddharth Bullia, Mili provides enterprise-grade AI-powered meeting documentation software.
“Asset management firms manage trillions of dollars in assets, but they don’t have software built for them. Most of them struggle to meet client requests because they don’t have large customer service teams. With Mili, they don’t need to. About any back-office operations To worry about, they will have a highly compliant digital workforce working in the background to solve each client’s needs as well as taking notes in meetings, onboarding new clients, planning financial strategies with advisors, and more,” said Satya Nellore Sampat, Partner at BoldCap.
Milli Co-Founders: Chirag Gandhi, Siddharth Bullia and Venela Miryala
Jalon raises 1.37 crore in seed round led by Black Marlin Ventures
Jalon, a brand under Jade Revolution Tech Pvt Ltd, has raised Rs 1.37 crore in a seed round led by Black Marlin Ventures with participation from Sundararaman Ramasamy and co-founders Abhishek Raj Pandey and Sunil Khatri.
The funding will accelerate growth, enhance product innovation, and expand Zalon’s reach across India.
Zalon is a B2B ecommerce platform that connects salons with a wide range of beauty products while providing free salon management software for business operations. The platform aims to simplify inventory procurement and provide innovative solutions to streamline salon operations.
“Jalon has demonstrated exceptional growth and innovation and has revolutionized the industry. Although this segment is new, we are confident that this segment will work, we believe in their vision and are excited to be a part of their journey,” Vinay Chadha , Managing Partner. Black Marlin Ventures said.
other news
Fi Money partners with GoKwik to offer instant card-based discounts on D2C payments
Neobank Fi Money has partnered with Ecommerce enabler GoKwik to offer instant card-based discounts on D2C (Direct-to-Consumer) brands.
By integrating Fi Federal debit card benefits into GoKwik’s KwikCheckout platform, the collaboration aims to enhance digital payment adoption among the more than 120 million online shoppers in GoKwik’s network.
Shoppers using Fi cards can access exclusive discounts when purchasing from D2C brands, increasing prepaid payment success rates and reducing cash-on-delivery reliance for brands. This helps reduce return-before-distribution losses and improve profitability. Brands like mCaffeine, Neemans, and Mivi are already using these offers, GoKwik said.
Pepperfry has appointed Madhusudan Bihani as Chief Financial Officer
Ecommerce furniture platform Pepperfry has promoted Madhusudan Bihani as Chief Financial Officer (CFO).
With nearly two decades of experience in finance, compliance, taxation and auditing, Madhusudan has been instrumental in driving PepperFree’s growth since joining in 2019, Pepper said.
As CFO, he will oversee corporate strategy, financial planning, fundraising, and legal affairs, supporting the company’s next phase of growth.
“His extensive experience, combined with his exceptional strategic and leadership abilities, will be critical in helping us execute our vision for the future. His contribution to strengthening our financial foundation has been invaluable, and we look forward to his continued impact. Madhusudan has always been a leader the organization looks up to. And in his new role I expect him to take on the external mandate of investor relations and fundraising,” said Ashish Shah, co-founder and chief executive officer of PaperFree.