Funding news Honestly, an AI-powered beauty and personal care platform, has secured Rs 3.2 crore in pre-seed led by Better Capital along with participation from Kunal Shah-led QED Innovations, and senior leaders from Flipkart, Polygon and Cred. Founded in April 2024, its AI analyses each user's order history and matches them with similar users across 100+ attributes, such as skin tone, skin type, age, and gender, to discuss product recommendations.
Additionally, Honestly's AI evaluates product ingredients to help users understand how new products fit into their routines. MyPickup, an urban transit services provider has raised Rs 1.5 crore in seed round led by The funds will be used for developing scheduling algorithms, brand building, and optimising operations management.
This investment is part of IPV's initiative to support early-stage ideas with high innovation and impact potential. At scale, it plans to expand to on-demand rides with fleet operators and other vehicle classes, maintaining control over drivers and vehicles through robust SOPs and training to ensure a high-quality customer experience. Protonas, a startup specialising in low-cost PEM hydrogen fuel cell solutions, has raised a seed funding round of an undisclosed amount, led by Transition VC.
With this raised capital, Protonas is set to establish initial manufacturing operations in Chennai and build prototype systems. Protonas' PEM has achieved cost reductions. Headquartered in Tennessee, US, with a subsidiary.
