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FinLearn is back again with “On The Rise”.

A weekly newsletter that takes you through some innovative startups that raised capital.

STARTUPS IN FOCUS

A glance at the top three most funded startups in 2022.

Fintech

Investmint Raises $2 Million in Seed Round

Investmint, a signal-based do-it-yourself trading and investing platform for retail investors. The company’s Investmint trading and investing app, which is currently in open Beta with early adopters, will be widely launched within the next few weeks.

What does Investmint even do?

• It is building a game-changing product for retail investors and traders who believe in managing their own funds themselves.
• The app currently has multiple quantitative models for investing in stocks using long-term baskets, as well as models to trade actively on a weekly or daily basis.
• For advanced traders, it includes models to trade in the futures and options segment systematically and scientifically.

Future Prospects

The fund raised will be used to expand its product, engineering, and quantitative research teams to create a world-class retail investing product.

Edtech

Eight Times Eight Aims To Go Big

Eight Times Eight, founded in 2020 by six college students who are international-level chess players, raised $5 million in pre-seed funding on September 19, 2022. Eight Times Eight is on a mission to popularise chess among children and, thereby, advance their life skills with the game. Eight Times Eight wants to debunk this myth and prove otherwise.

What Does The Future For Eight Times Eight Look Like?

• The funding will be used to accelerate product development, scale operations sales, and hire new team members.
• Also, the funds will be used to develop the Learning Management System and strengthen the technology stack.
• They will also be launching India’s first-ever chess kit, which consists of a beautifully designed chess board, a chess workbook, and animated chess videos.
• Eight Times Eight aims to open physical centers in a calculated move to switch to hybrid mode with the same.

Web3

Blockchain With a Bang!

KoineArth, a blockchain-based supply chain startup, has raised $1.8 million, or a little over Rs 13 crore, in a funding round led by YourNest Venture Capital.

KoineArth Under Development

• KoineArth’s platform offers solutions for inventory visibility, invoice financing, and contract enforcement.
• The company is seeing applications of this platform from customers across sectors like manufacturing, agriculture, and finance.
• Apart from product development, the company has also tied up with financial institutions as integration with financiers willing to offer “one-click” invoice financing is a cash-flow value proposition for many organisations.

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