In separate startup funding updates from India, Pinegap, an AI-driven equity research platform, has raised $8 million in a Series A funding round while Mitti Labs has secured $9.5 million. Also, Typsy Beauty has raised nearly $2.1 million in a funding round led by Saama Capital.
Stellaris leads $8m funding in Pinegap
Pinegap, an AI-driven equity research platform, has raised $8 million in a Series A funding round led by Stellaris Venture Partners, it announced on Thursday.
The funding also saw participation from existing investors Inventus, Silicon Valley Quad, and DeVC, per a company statement.
Pinegap plans to use the funds for its go-to-market and sales activities, to expand its engineering team, and to set up an in-house team of former equity research analysts.
Founded in 2024 by Ankit Varmani and Deepak Sharma, PineGap.ai aims to empower equity research analysts working in hedge funds, mutual funds, and investment banks by providing them with an advanced AI-powered platform to interpret data and derive insights from public company filings.
Pinegap said it has deployed more than 1,000 AI agents across over 100 institutional clients. Those agents currently generate more than 50,000 research reports each month.
Mitti Labs raises $9.5m led by Aramco
Deep-tech company Mitti Labs has raised $9.5 million in its Series A funding round led by Aramco Ventures, the venture capital arm of Saudi Aramco.
Other investors, including Lightspeed India, Godrej Industries Group, Cisco Foundation, Francis Family Fund, and Volta Circle, also participated in the funding.
With the new funding, the company plans to expand its geographical footprint in India and launch greenfield projects in the Philippines and Indonesia. In parallel, Mitti Labs will scale its GeoAI platform, a satellite technology that fuses high-resolution synthetic aperture radar (SAR) data with field-collected ground truth and physical models to generate digital twins of Asia’s rice fields at the resolution of individual plots.
Mitti Labs combines satellite technology, AI and field operations to create a water- and climate-resilient future for rice farming.
“Growing more rice with less water is one of the world’s major challenges. Demand for rice continues to grow, but record heat and changing rainfall patterns are threatening water systems and endangering food security. With our technology and scalable operational model, we can transform how rice is grown, lower emissions and cut water consumption while building resilient livelihoods for 150 million smallholder farmers,” said Mitti Labs’ co-founder Xavier Laguarta.
Saama invests in Typsy Beauty
Beauty products brand Typsy Beauty has raised nearly $2.1 million (Rs 20 crore) in a funding round led by Saama Capital, a US-based consumer-focused venture capital firm.
The round also saw participation from Sanjay Kapoor, founder of Genesis Luxury and an early backer of the brand; Tanaaz Bhatia, Founder & CEO of Bottomline Media Pvt. Ltd.; SRF Limited Group; and the family offices of Havells and Eicher Motors.
The fresh capital will be used to scale distribution with a deeper push into quick-commerce and offline retail, expand into skincare, and grow its fragrances portfolio. More than ten new products are planned over the coming months.
Founded in 2022, Typsy Beauty currently operates a portfolio of 27 SKUs across lips, eyes, face, and fragrance. The company’s products are available on its direct-to-consumer website, typsybeauty.com, and across major platforms including Nykaa, Amazon, Myntra, Flipkart, Tira, Blinkit, and Zepto.
