Entrackr-Startup News India (2)

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Entrackr

• Startup Funding News

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Entropik raises Rs 60 Cr Series A round
valuation soars by 10X to Rs 300 Cr

• According to Startup Funding News, an artificial
  intelligence startup Entropik to trace
  consumers emotional response, has raised Rs 60
  crore in its Series A funding round. It is led by
  brain wave Incubation with participation from
  existing backers. This is often the third
  external investment round for the Bengaluru-based
  company in its four years since its inception, as
  per Startup News India.
• Alpha Wave Incubation has invested Rs 35.52
  crore. In comparison, existing backers Bharat
  Innovation Fund and Parampara Early Stage have
  poured in Rs 18.63 crore and Rs 3.75 crore
  respectively, as per Startup Funding News.
  Entropik has allotted 6138 Series A CCPS at a
  difficulty price of Rs 97,599.35 per share to
  lift the quantity, regulatory filings show.
  Startup News Indias calculation estimates that
  the corporate has been valued at around Rs 300
  crore post-money a 10 X increases from Rs 30
  crore in its seed funding round.

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Startup Funding News in India
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Startup Funding India

• Previously, Entropik had raised 1.1 million
  pre-Series A round from Bharat Innovation Fund,
  and Parampara Capital in July 2018 and its seed
  funding of 150K came in November 2016. As per
  Startup News India, In 2016, With Ranjan Kumar
  and Bharat Singh, Entropik uses facial coding,
  brainwave, and eye-tracking to interpret the
  consumers' subconscious and emotional behaviour
  across various touchpoints for advertising, media
  testing, audience response, and for other
  research and insights across BFSI, media
  entertainment, telecom, and other sectors, as
  per Startup Funding News.
•  As per Startup Funding India, Counting Myntra,
  Fortune, Vodafone, JP Morgan, and Bank Bazaar in
  its primary clientele list, Entropik has
  collected 16 million unique human emotion data
  with 3.5 million minutes of experience testing
  and 0.2 million video testing done to this point.
  As mentioned by Startup News India, the platform
  had also made its international presence in SE
  Asia and North America recently in 2019.

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Startup News India

• Post the newest allotment, the collective
  holdings of the promoters has been diluted from
  40.63 to 32.5, according to startup funding
  news. Kumar now holds a 29.92 stake whereas
  Singh includes a 2.6 share within the company.
  Bharat Innovation Fund owns 20.63, followed by
  brain wave with 12.55. Its ESOP pool constitutes
  11.74 while SEA Global, Dileep Bhatt, Jitendra
  Gupta, et al. own single-digit stakes amounting
  to 16.54 in total.
• Stay updated on Startup News India with Entrackr.

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