[Funding roundup] B2B SaaS firm Soptle and electric vehicle firm Vajram raise seed rounds

B2B SaaS platform Soptle raises $300K from angels

SaaS-led B2B retail platform smooth said it has raised $300,000 in an angel round led by early-stage venture firms Kube VC and Soonicorn.

Industry angels and veterans also funded the round, including Dunzo’s Ankur Agarwal, Fitso’s Saurabh Aggarwal, Gati’s Pirojshaw Sarkari and All-Cargo Group CEO Vaishnav Shetty, among others.

The fresh capital will be used primarily to hire more people, strengthen the product, and generally invest in growth areas.

“Soptle is truly revolutionizing the ecosystem for manufacturers and retailers. Its technology-enabled sales and distribution channel and market link helps manufacturers expand their business geographically at no fixed cost, improve their capacity utilization and increase their net margins three to four times,” said Faiz Mayalakkara, Partner at Kube VC.

Founded in 2022 by Pravas Chandragiri, a 19-year-old high school student, Soptle is a technology commerce platform that helps FMCG companies distribute their products to active retailers across India.

eBikeGo unit Vajram Electric raises $1.5 million in seed funding

Electric mobility company Vajram Electric said it has raised $1.5 million in a seed round led by HNI and other investors.

a unit of eBike go which also includes brands such as MUVI and Velocipedo, Vajram Electric was established to meet the manufacturing requirements of the parent company. The company is in the process of setting up a manufacturing facility at Chakan, Pune.

Investors in the round include Nikul Gala and his family, as well as his prominent HNIs.