Manish Kothari, co-founder and CEO, highlighted the industry’s gap in expert commitment to long-term investments and the need to upskill distributors. ZFunds has 10,000 distribution partners, serves 60,000 customers, and manages over ₹1,000 crore in AUM. Their focus is on SIPs, particularly the ₹5,000-50,000 monthly segment.
AdvantageClub.ai, an employee engagement solutions platform, has secured $4 million in its latest funding round led by Axilor Ventures, bringing its total funding to $11 million. Over the past year, the company claims to have doubled its revenue and gained several high-profile clients.
The new funds will be used to enhance its AI capabilities, develop additional products in the employee engagement and experience space, and support significant geographic expansion. Co-Founder Sourabh Deorah discussed how the raised funds will be allocated and the company’s plans for growth.
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Vecmocon, a vehicle intelligence company, has raised $10 million in funding led by the Ecosystem Integrity Fund, with participation from Blume Ventures and British International Investment. The company intends to use the funding to expand its presence in various market segments, including electric two-wheelers, three-wheelers, light commercial vehicles, and buses.
Girish Bhambhani, Chief Business Officer at Vecmocon Technologies, provided further insights into the company’s expansion strategy.
Watch the video for more.
