According to their respective statements, the SaaS startups Houseware and I-CampusBuddy, the smart grid automation platform Probus, and the FinTech startup GrayQuest have all raised early-stage funding.
In a Series A funding round overseen by Pravega Ventures, GrayQuest secured USD 7 million. The Weizmann Group, Telama Family Office, and Apurva Parekh also took part in the round. The Mumbai-based startup intends to use the money to expand its distribution and develop its product.
In order to help educational institutions, digitize and improve their fee collection, GrayQuest offers a FinTech platform that focuses on offering payment solutions.