[Funding roundup] Wishlink, MakerDojo.io, Wright Research raise fresh funds
YourStory presents daily funding roundups from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, October 11, 2022.
Tuesday October 11, 2022,
2 min Read
Wishlink raises $3M from Elevation Capital
Creator-led commerce startup Wishlink raised $3 million in a seed round from Elevation Capital and a clutch of over 70 angel investors, including ShareChat's Ankush Sachdeva, fashion creator Masoom Minawala, and Meesho co-founders Vidit Aatrey and Sanjeev Barnwal.
Founded by IIT-Delhi graduates Chandan Yadav, Shaurya Gupta, and Divyansh Ameta, Wishlink lets
creators connect their multi-brand store fronts with social media platforms and drive commerce for partnered brands.
At present,works with nearly 60 brands, including H&M, Westside, , , and the ecommerce platform Amazon, and about 100 creators.
MakerDojo.io raises $1.5M from Leo Capital
SaaS blockchain startupraised $1.5 million in pre-seed funding round from Leo Capital, which also saw participation from US-based investors UP2398 and Jan M. Leeman.
The startup will use the funds to develop its product and acquire more talent.
Based in India and the US, MakerDojo.io was founded in 2021 by Stanford graduates Priyank Chodisetti, Vignesh Aigal, and Ajay Chintala. The startup aims to simplify complex and error-prone blockchain data extraction processes for developers.
Starbucks teams up with Polygon, unveils blockchain-based loyalty platform
Wright Research raises $1M from Orios Venture Partners
, a quant and AI-driven investment advisor, raised $1 million in seed capital from Orios Venture Partners. The startup plans to use these funds to expand its business, improve its technology stack, and accelerate into institutional fund management.
Founded in 2019 by IIT Kanpur graduate Sonam Srivastava, Wright Research has over 40,000 subscribers and close to Rs 200 crore in assets under advisory.
"The Indian market has myriad opportunities that come and go dynamically, which is why well-researched and risk-managed quantitative investment strategies can really flourish here. We have seen the power of the rising retail investor in India who increasingly trusts technology," said Sonam, Founder of Wright Research, in a press release.
(The story will be updated with the latest news throughout the day.)
Edited by Suman Singh