Tech Company Financing Transactions
Chargel Funding Round
Chargel, operating out of Mumbai, Maharashtra, secured $2.5 million from Logos Ventures, DFS Lab and Foundation Botnar.
Transaction Overview
Company Name
Announced On
4/20/2023
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Seed
Investors
Proceeds Purpose
We realized that there were so many inefficiencies, and that the logistics sector in Senegal was so fragmented, but we felt that technology could help. So, we decided to be drivers for a few months to understand how the sector works, its real challenges and where the opportunity was, before building something,
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Shopsense Retail Technologies Limited
Mumbai, Maharashtra, 400069
IN
Mumbai, Maharashtra, 400069
IN
Phone
Undisclosed
Website
Email Address
Overview
Erase.bg is an AI powered tool that removes image backgrounds automatically in just 5 seconds. We enable individuals, agencies and e-commerce companies from across the globe to increase their productivity and revenue with our bulk AI design tools. With the recent advances in Visual AI around the world, our team of highly experienced machine learning engineers has developed a model to make complex technology simple and easy. From freelancers or individuals, to MSMEs to big e-commerce companies, everyone is using the power of our background removal tool.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Moustapha Ndoye
Chief Technical Officer
Alioune Ndoye
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Where The Data Comes From
We document every notable VC transaction. All VC database entries reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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