Talent Marketplace, FlexiBees raises Pre-Series A Round led by Inflection Point Ventures

Singapore, 8th Aug 2024- FlexiBees, a Talent MarketPlace, providing flexible, part-time and remote work solutions has raised its Pre-Series A Round led by Inflection Point Ventures. The round also saw participation from Shan M S, COO of Namma Yatri, Reema Mahajan, founder of International Women in Dubai, and other notable investors. The funds will be used for expanding its technological infrastructure, refining its AI algorithms, and broadening its market presence to better meet the needs of both employers and talent.

FlexiBees is a leading vetted talent platform connecting women professionals with part-time, project-based, and remote roles. Serving over 700 businesses globally, including major firms like Kimberly-Clark Professional and Tata Realty, as well as high-growth startups such as Qapita and Creditmantri, FlexiBees has a network of 60,000+ professionals. They have successfully placed 1,400+ women in flexible careers and impacted 20,000+ women through returnship preparation and interview coaching.

Shreya Prakash, Co-Founder and CEO of FlexiBees, directs Business Development and Marketing, drawing on a decade of experience at Hindustan Unilever. Rashmi Rammohan, Co-Founder and COO oversees Business Delivery, Technology, and Digital, with a distinguished background in leading Media, Digital, and e-commerce Insights at P&G. Deepa Swami, Co-Founder and Chief Talent Officer, manages Talent Acquisition, Project Operations, and Finance & Legal, supported by her prior roles as a Management Consultant at KPMG and in the education sector with Aptech. All three are distinguished MBA graduates from IIM Bangalore.

Vikram Ramasubramaniam, Partner, Inflection Point Ventures says, “Balancing household and office responsibilities often takes a significant toll on individuals, such as new parents or those caring for aging relatives, leading to compromises. FlexiBees addresses this by offering part-time, project-based, and remote jobs, enabling professionals to manage both their personal and professional lives effectively. This approach allows them to contribute their expertise while maintaining personal commitments, benefiting employers with access to skilled talent.”

FlexiBees provides value for startups and SMBs with cost-effective and agile solutions, helping professionals balance their careers and personal lives. Their advanced vetting technology ensures high-quality matches, with 70% of business from repeat clients. FlexiBees offers a broad range of roles such as Sales, Digital Marketing, Finance, HR, and Technology, significantly reducing hiring time by 90%. For professionals, it offers flexible, career-advancing opportunities that promote financial independence and agency.

As of July 2024, FlexiBees has a team of over 30 professionals working remotely, all sourced from their own talent pool, exemplifying their commitment to flexibility.

Shreya Prakash, Co -Founder & CEO, FlexiBees, says, “Our objective is to scale our operations to generate employment opportunities and improve employability for millions of women professionals currently outside the full-time workforce. This initiative will provide business across the world with access to a remarkable talent pool, helping them grow competitively. We express our sincere gratitude to Inflection Point Ventures for their confidence in our vision and ambition. We could not have asked for more esteemed partners.”

Rashmi Manmohan, Co- Founder and COO FlexiBees, “We recognized early on that the traditional marketplace matching approach was insufficient for our needs. Companies today are hiring for a wide array of roles flexibly, from Sales and Marketing to Content Strategy. Traditional gig Marketplaces, lack the capability to effectively manage these complex skill matches.”

In 2022, FlexiBees was honoured as the first runner-up in the Tie Women’s competition for South East Asia and South Asia. Notably, FlexiBees was recognized by Jefferies, a leading brokerage firm, as a pioneering force in the flexible work sector.

FlexiBees targets startups and SMBs within a global ecosystem of over 3.5 million startups spread across more than 300 hubs, collectively generating $4 trillion in value. The company seeks to capture a share of this substantial market by offering experienced, cost-effective, and on-demand talent from India and other regions where the pool of qualified women professionals remains under-utilized.

Bloq Quantum raises INR 1.3 Crore in Pre Seed-Round led by Inflection Point Ventures

Kollam, 1st Aug 2024 2024- Bloq Quantum, a AI quantum software startup has raised INR 1.3 Crore in Pre Seed Round led by Inflection Point Ventures. This investment is part of IPV’s strategy, to build ecosystem for startups to succeed by providing Tech support in terms of credits to Top 100 shortlisted startups. IdeaSchool enables knowledge transfer between successful entrepreneurs and new startups, creating a continuous cycle of learning & access to unparalleled network. The funds will be used for product development and team expansion. This capital infusion will stimulate innovation in quantum algorithms, improve platform functionalities, and expedite growth.

Bloq Quantum simplifies enterprise adoption of quantum computing with its user-friendly low-code interface. It accelerates quantum algorithm development by tenfold, providing valuable business insights. Designed for users at all skill levels, Bloq Quantum streamlines the path to quantum computing.

founder

Sreekuttan L S, Co-Founder & CEO, brings a strong physics background from IISER Pune and experience as a Product Manager at The Quantum Insider. Jay Patel, Co-Founder and CTO, combines his expertise in Computer Engineering and Quantum Machine Learning, honed at CERN, with three global Quantum Challenge awards and multiple quantum software prototypes. Together, they drive innovation in quantum computing with their complementary skills and deep industry knowledge.

Mitesh Shah, Co- Founder, Inflection Point Ventures says, “Understanding quantum technology and its intricate algorithms is daunting and applying it effectively in business is even more challenging. By bringing a platform where beginners and experts alike can work on quantum algorithms with a user-friendly low-code interface, Bloq Quantum’s USP brings satisfaction and business to its customers.. At IPV, we believe not only in Sreekuttan’s capabilities but also in the entire team behind Bloq Quantum’s remarkable journey.”

Bloq Quantum excels as the foremost platform offering a user-friendly interface for developing quantum algorithms. Its key strength lies in the exceptional team, meticulously curated to lead the charge in advancing quantum computing technology. Their collective expertise and commitment drive Bloq Quantum’s continuous innovation, ensuring they deliver state-of-the-art solutions to our users and partners.

As of June 2024, Bloq Quantum operates globally, providing quantum computing solutions to clients worldwide. The widespread operations cater to diverse industries and users, emphasizing dedication to pioneering quantum computing innovations on a global scale. This global presence underscores the startup’s commitment to innovation and capability to address complex challenges.

Sreekuttan L S, CEO, Bloq Quantum, says, “Enterprises face challenges in adopting quantum computing due to fragmented and complex algorithm development processes. Bloq Quantum aims to streamline this by offering a comprehensive solution that simplifies the creation of quantum solutions, providing a seamless experience for businesses”.

Bloq Quantum has achieved notable success, securing third place in the esteemed 2023 Global Fujitsu Quantum Simulator Challenge with a $100K prize pool, and taking first place in the TCS Quantum Challenge 2023. These accomplishments underscore the startup’s leadership and pioneering contributions to the field of quantum computing.

The global quantum computing market was valued at USD 10.13 billion in 2022 and is forecasted to exceed USD 125 billion by 2030, growing at a robust CAGR of 36.89% during the period from 2022 to 2030. This rapid growth trajectory signifies substantial potential for startups venturing into the quantum computing sector.

Devnagri Raises Pre-Series A Funding Led by Inflection Point Ventures

Delhi NCR, 25th July 2024: Devnagri, a Gen-AI company that personalizes business communication for non-English speakers raised an undisclosed amount in a Pre-Series A Round led by Inflection Point Ventures. Funds will be allocated to marketing, sales, technology scaling, R&D, infrastructure and administrative expenses.

nakul kundra

Devnagri specializes in personalizing business communication to cater to non-English speakers, making it hyper-local and more accessible. By leveraging advanced NLP and SLM models, Devnagri excels in contextualizing and personalizing content, seamlessly integrating their technology into both private and government infrastructures. Their innovative solutions address the unique linguistic needs of diverse audiences, enhancing communication and engagement.

Devnagri was co-founded by Nakul Kundra and Himanshu Sharma, both of them bring over 15 years of entrepreneurial experience to the company. Nakul Kundra, an MBA in Marketing & Finance, has a rich background in business strategy and management. Himanshu Sharma, also an MBA in Marketing and a skilled coder, combines technical expertise with business acumen. Together, their diverse skill sets, and extensive experience drive the innovative vision and growth of Devnagri.

Mitesh Shah, Co-Founder, Inflection Point Ventures says, “In India, where more than 700 languages are spoken, translating it is a challenging task from the perspective of accuracy, context, and cultural nuances. These issues impact communication, business expansion, and user experience. Devnagri addresses these problems by leveraging AI-powered human translation. The platform ensures precise translations, context-awareness, and localization, enabling seamless communication across diverse Indian languages.”

With top-quality BLEU scores in Indian languages, Devnagri is significantly penetrating the Indian language ecosystem. By expanding from NLP products to GenAI and SLM, they empower customers to personalize their content, meeting the urgent need for localized communication.

Their innovative solutions, utilizing GenAI and SLMs, enable businesses to scale operations efficiently to Tier II and Tier III cities. This cost-effective approach broadens reach and engagement, helping companies tap into new markets and expand their presence across India.

Nakul Kundra, Co-Founder, Devnagri, says, “Communication is for the Receiver” Hence, Law of Attraction will only work when business communicates well with their audiences. As part of the vision, we are focussed on our approach of creating a layer of Hyper Local communication to enable the businesses to communicate with their customers in their language. Taking a step forward, we are moving towards offering the enterprises and Government departments with a private cloud infrastructure, to maintain their ownership on their content and by keeping the LLMs/SLMs trained with every usage by the customer. “Privatisation of Business Communication” is the need of an hour.”

Devnagri has garnered multiple prestigious awards both in India and globally, highlighting their innovative contributions. Their accolades include the TieCon Award 2024 in San Francisco, the Graham Bell Award 2023, a feature in the special edition of Shark Tank India 2022, and recognition as NASSCOM‘s Emerging NLP Startup of India.

The opportunity market for Devnagri is valued at $100 Billion Globally by 2030 ($53 Billion in India growing at a CAGR of 6.7%) which keeps on growing with the growth of all content rich industries. As the language industry is just getting form in India, it will further create sub industries and will change the way of communication for everyone.