Rocket, an AI-powered app-building platform that transforms natural language into production-ready applications, has raised $15 million in its seed funding round. In separate developments, Amwoodo, a provider of bamboo-based sustainable solutions, has raised $4 million in its pre-Series A funding round, while Distil, a specialty chemicals startup, has raised $7.7 million led by Singapore’s Jungle Ventures and UAE’s CE-Ventures.
Rocket raises $15m led by Salesforce, Accel
Surat-based Rocket, an AI-powered app-building platform that transforms natural language into production-ready applications, has raised $15 million in a seed funding round led by Salesforce Ventures and Accel, with participation from Together Fund.
The funding will be used to strengthen R&D, accelerate product development and expand Rocket’s presence in global markets, including a new North American headquarters in Palo Alto, California, the company said.
Founded by Vishal Virani, Rahul Shingala, and Deepak Dhanak, Rocket claims to solve the increasing complexity of building applications that drive business forward in the age of AI.
“The new funding will help fuel our vision to eliminate the technical barriers that prevent great ideas from becoming a reality,” said Deepak Dhanak, co-founder and COO of Rocket. “It will help us continue to build our product capabilities, especially as we expand into new markets and use our new office in Palo Alto as a gateway to Silicon Valley’s enterprise ecosystem, where we continue to see huge demand for application-building solutions that can scale natively with AI. This investment also highlights the increasing global investor interest in India-founded technology companies building for a worldwide audience.”
Rainmatter leads funding in Amwoodo
Amwoodo, a provider of bamboo-based sustainable solutions, has raised $4 million in a pre-Series A funding round led by Rainmatter.
The funding also saw participation of Adventz Group, Thinkuvate, and Caspian.
With this new funding, the company will scale production capacity to meet growing domestic and global demand, enter the D2C market through its own marketplace, Ecoconsious, and launch other plastic-alternative brands under the House of Amwoodo, it said in a statement.
Founded in 2019, Amwoodo specialises in sustainable bamboo products that aim to replace plastic in everyday life. Their diverse range includes premium personal and oral care items, hotel amenities, office stationery, and eco-friendly corporate gifts. Amwoodo has collaborated with leading brands such as Himalaya Wellness Company, Bombay Shaving Company, and ITC Hotels.
Jungle Ventures co-leads funding in Distil
Distil, a specialty chemicals startup, has raised $7.7 million in Series A funding led by Singapore’s Jungle Ventures and UAE’s CE-Ventures, the corporate venture capital platform of Crescent Enterprises, it announced on Tuesday.
The funding also saw participation from strategic investors Rubamin, PI Industries Vice Chairperson Mayank Singhal, and India Quotient, the startup said in a statement.
The capital raised will be used to enhance research and development, scale international operations by commencing operations in Middle East, Africa, and North America, strengthen enterprise partnerships, and expand product portfolio.
