Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking to know where the cash is flowing.

Startup: Artociti

Sector: 3D wall art

Amount: INR1 cr

Led by: Namita Thapar & Vineeta Singh

Artociti, Indian mass-premium luxury 3D wall art and manufacturing brand, has raised INR1 crore for a 7.5% equity stake at a valuation of INR13.33 crore on Shark Tank India. The funding comes from renowned investors Namita Thapar, Executive Director of Emcure Pharmaceuticals, and Vineeta Singh, Co-founder and CEO of SUGAR Cosmetics. This marks the company’s first institutional investment.

“While managing exhibitions in the Middle East, I recognised a massive gap in the Indian market for premium, high-quality relief 3D wall décor. We built Artociti during the pandemic with a vision to create a national design-manufacturing brand right from Tier-2 India. This investment validates our belief that ‘Made in Bokaro ...