Refex Capital is a venture capital firm based in Chennai, India, established in 2015. It focuses on early-stage technology startups, investing across various sectors including health tech, consumer technology, cleantech, enterprise technology, and fintech. The firm is dedicated to supporting entrepreneurs who aim to innovate and disrupt traditional markets. In addition to financial investment, Refex Capital offers strategic and operational assistance to its portfolio companies, drawing on decades of experience in areas such as idea validation, business model refinement, and customer acquisition. The firm emphasizes a commitment to honesty and transparency in its dealings, recognizing that the success of its portfolio companies is integral to its own success.
Contiinex operates in the speech AI market, focusing on enhancing customer experience through advanced audio analysis. The company provides a platform that enables organizations to analyze both voice and non-voice data, facilitating a deeper understanding of customer behaviors and preferences. By offering insights that build various indexes related to customer experience metrics, Contiinex assists businesses in making informed strategic decisions. This technology is particularly beneficial for managing customer journeys and agent life cycles in a remote environment, ultimately helping organizations improve their operational efficiency and better serve their clients.
TrillBit
Seed Round in 2021
Trillbit is a Boston-based startup founded in 2017, focused on developing a unique technology that utilizes inaudible sound waves for communication and authentication purposes. Backed by Techstars and Cisco Launchpad, the company has created a proprietary acoustic system that allows any speaker and microphone to function as a data transfer device. This near-ultrasonic communication technology enables secure, encrypted transmission of authentication information and data packets directly from speakers or media devices to smartphones, eliminating the need for traditional network connections and deployment costs. Trillbit's innovative approach leverages the widespread presence of audio speakers and smart devices, positioning the company to disrupt existing communication methods and enhance security in various applications. The startup has received recognition for its groundbreaking technology and potential impact in the field.
Detect Technologies
Series B in 2021
Detect Technologies is an enterprise focused on enhancing industrial productivity through innovative AI and SaaS solutions. Founded in 2016 by Daniel Raj David in Chennai, Tamil Nadu, the company leverages proprietary technologies and deep industry knowledge to improve operational efficiency. Its offerings include real-time intelligent monitoring and predictive maintenance, which help reduce equipment failures and extend asset lifespan. Additionally, Detect Technologies provides end-to-end project management tools that streamline shutdowns, turnarounds, and daily operations, enabling process industries to optimize their workflows and comply with international safety standards. Through these advancements, Detect aims to simplify decision-making and drive innovation across various industrial functions.
Rage Coffee
Seed Round in 2021
Rage Coffee specializes in producing coffee and caffeine-based products that incorporate natural ingredients and brain supplements. Their offerings are designed to enhance mental energy and focus throughout the day, utilizing a blend of plant extracts and natural compounds. Key ingredients include i-theanine, Panax ginseng, Rhodiola Rosea, and i-glutamine, which are selected for their safety and effectiveness, having undergone extensive clinical testing. Rage Coffee’s products are available in a variety of flavors, such as caramel, orange, hazelnut, and chocolate, catering to diverse consumer preferences. The company prioritizes the use of fully natural ingredients, ensuring that their coffee is both effective and safe for individuals of all ages, without posing any side effects.
Rage Coffee
Seed Round in 2020
Rage Coffee specializes in producing coffee and caffeine-based products that incorporate natural ingredients and brain supplements. Their offerings are designed to enhance mental energy and focus throughout the day, utilizing a blend of plant extracts and natural compounds. Key ingredients include i-theanine, Panax ginseng, Rhodiola Rosea, and i-glutamine, which are selected for their safety and effectiveness, having undergone extensive clinical testing. Rage Coffee’s products are available in a variety of flavors, such as caramel, orange, hazelnut, and chocolate, catering to diverse consumer preferences. The company prioritizes the use of fully natural ingredients, ensuring that their coffee is both effective and safe for individuals of all ages, without posing any side effects.
Magnifi
Venture Round in 2020
Magnifi is an AI platform that specializes in video intelligence solutions, offering advanced content generation tailored for sports broadcasters, media platforms, and entertainment broadcasters. By leveraging artificial intelligence, Magnifi enhances the production and delivery of video content, enabling clients to improve viewer engagement and streamline their operations. The platform's innovative technology aims to transform the way media organizations create and distribute content, making it a valuable resource in the rapidly evolving landscape of broadcasting and entertainment.
Mage Data
Venture Round in 2020
Patented Sensitive Data Discovery + Static & Dynamic Data Masking + Activity Monitoring + Data Minimization + Single Platform + Wide coverage (databases, big data, unstructured data) = MENTIS = #1 ranked solution by Analysts & Customers. Brand Name Customers. Award winning solutions. Boot-strapped.
EvenRank
Venture Round in 2020
EvenRank is a personalized career and coaching platform that uses data science to make job recommendations and identify the coaching and learning needs of users.
Orbo.ai
Seed Round in 2019
Orbo.ai provide contextual information and become a gateway to the world and not just stay limited to computational photography through our deep learning technology based solutions.Orbo’s face tracking technology can be implemented across devices to identify human emotions, transformative & augmented effects as well as one can build enhanced camera centric applications.
Intugine
Seed Round in 2019
Intugine Technologies is a SaaS company based in Bangalore, India, specializing in motion sensing and IoT technologies aimed at improving logistics and supply chain operations. Established in 2017, the company focuses on digitizing and transforming the logistics sector in India. Intugine's innovative solutions facilitate real-time vehicle tracking, SIM-based in-plant tracking, and centralized control systems that address operational inefficiencies. By leveraging these technologies, Intugine helps clients reduce logistics costs and minimize delays, allowing businesses to optimize their logistics operations effectively.
HappyEMI
Seed Round in 2019
HappyEMI is an innovative consumer finance company that offers instant financing solutions to shoppers at the point of sale, both in-store and online. The company distinguishes itself through a data-driven underwriting process that evaluates risk using alternative data points, allowing it to serve a broader consumer base beyond traditional credit scores. HappyEMI provides small-term loans with minimal documentation and no interest rates, facilitating easy access to credit for consumers. The company collaborates with major retail brands, particularly in the smartphone sector, helping its retail partners enhance sales conversions, increase basket sizes, and improve overall customer satisfaction. HappyEMI generates revenue through subventions from manufacturers and retailers, as well as financing charges from consumers.
Niki
Venture Round in 2019
Niki is focused on converting India's 500 million new Internet users into active consumers by providing a messaging and personal assistant platform that simplifies various payment needs. The service allows users to interact in their native language, replicating the experience of speaking with a local agent to access a wide range of services, including mobile recharging, online shopping, and cab bookings. By utilizing proprietary technology that incorporates machine learning and Natural Language Processing, Niki enhances the offline experience and streamlines everyday tasks for users, ultimately improving their efficiency and facilitating transactions in a manner that is familiar and accessible.
FIB-SOL
Seed Round in 2018
FIB-SOL focuses on translating advanced material technologies from research into practical applications in agriculture and healthcare. The company specializes in designing nanofiber platforms that facilitate the creation of lightweight delivery formulations for agricultural inputs, including bio-fertilizers, pesticides, and other plant growth stimulants. By developing innovative solutions, FIB-SOL aims to address critical challenges faced by farmers and healthcare providers, ultimately improving efficiency and effectiveness in these sectors.
S3v Vascular Technologies
Seed Round in 2018
S3V Vascular Technologies focuses on developing innovative medical technologies aimed at enhancing the care of patients with cardiovascular diseases. The company is dedicated to creating affordable, minimally-invasive devices that reduce the duration and risk of surgical procedures while improving patient outcomes. By collaborating with physicians globally, S3V Vascular aims to deliver high-quality medical devices that not only meet but exceed customer expectations. Their mission centers on saving lives and improving the quality of life for patients, enabling them to return to a more active and healthy lifestyle.
Fabheads Automation
Seed Round in 2018
Fabheads Automation is a hardware startup that specializes in the development of automation equipment for the production of high-end carbon fiber components. The company primarily targets the aerospace, automobile, and biomedical sectors, focusing on enhancing the manufacturing of composite parts. Since its inception, Fabheads has established itself as a pioneer in Asia by developing in-house fiber 3D printing capabilities. The company is committed to advancing reliable automated fabrication technologies for the composites industry and has garnered several awards for its innovative contributions. Fabheads continues to set ambitious goals aimed at achieving complete automation in composite manufacturing.
Ubiquitous Foods (Ovenfresh)
Venture Round in 2018
We were born from a love of all things baking – From a single outlet in 2008, our quest for baking excellence has seen us grow to over 30 locations and reinvent the corner bakery in the process. We have stayed true to our home baking roots over the years, and our passion for baking today manifests itself in our process innovation and commitment to the best quality ingredients. Our outlets feature live-baking and daily deliveries of fresh product, thereby ensuring nothing but the best for our customers.
Nanolife
Venture Round in 2018
NanOlife is a medical centre. It develops nanomedicine products that use the scientific concept of green nanotechnology. Nanomedicine products for treating cancer, arthritis, and antibiotics for treating deadly infections.
Detect Technologies
Seed Round in 2017
Detect Technologies is an enterprise focused on enhancing industrial productivity through innovative AI and SaaS solutions. Founded in 2016 by Daniel Raj David in Chennai, Tamil Nadu, the company leverages proprietary technologies and deep industry knowledge to improve operational efficiency. Its offerings include real-time intelligent monitoring and predictive maintenance, which help reduce equipment failures and extend asset lifespan. Additionally, Detect Technologies provides end-to-end project management tools that streamline shutdowns, turnarounds, and daily operations, enabling process industries to optimize their workflows and comply with international safety standards. Through these advancements, Detect aims to simplify decision-making and drive innovation across various industrial functions.
Otomagnetics
Seed Round in 2017
Otomagnetics, Inc., based in Rockville, Maryland, develops a magnetic injection delivery system aimed at providing non-invasive drug delivery to challenging areas of the body, including the inner and middle ear, the eye, and the skin. Founded in 2012 as a spin-out from the University of Maryland College Park, the company addresses the difficulty of delivering therapies to the inner ear, which is shielded by the blood-labyrinth barrier. In preclinical studies, Otomagnetics' proprietary technology has successfully demonstrated the ability to deliver therapeutic agents to the inner ear, enhancing dosing and efficacy in models of tinnitus and noise-induced hearing loss. Additionally, the system has shown promise for treating middle ear conditions, such as otitis media, without the need for invasive procedures. While Otomagnetics' products are still experimental and not yet approved for human use, they represent a significant advancement in the field of targeted drug delivery.
Artwaley
Angel Round in 2017
Artwaley is an international marketplace designed to connect artists with art enthusiasts and buyers. Founded by artist Priyal Ostwal, the platform features over 1,500 paintings from more than 125 artists across India, focusing particularly on those from smaller cities and rural areas who often lack sales opportunities. Artwaley operates both online and offline, with galleries located at Taj Gateway and Sandbox Startups in Hubli, and a franchise in Chennai. Expansion plans include new locations in Goa and Kolkata, as well as international presence in Dubai and Atlanta. The company actively participates in art exhibitions and fairs worldwide, promoting diverse art collections and enabling artists to reach a global audience.
Chalo
Seed Round in 2017
Chalo develops a transport application that delivers real-time transit information such as live tracking, get transit arrival time, and more. From live tracking buses to providing digital solutions focusing on cashless rides, Chalo dreams to make public transport accessible, affordable, and hassle-free for Indian commuters. The Chalo App provides live tracking of over 15,000 buses in 21 cities and has more than 70 lakh downloads as of July 2021. The Chalo Card, a contactless tap-to-pay travel card, is a successful bus travel card. Chalo also offers products like mobile tickets, mobile bus passes, and multi-trip 'Super Saver' plans that can be bought on the Chalo App as well as through the Chalo Card. Chalo partners with bus operators to deploy this technology and improve the bus travel experience.
Kyvor Genomics
Venture Round in 2017
Kyvor Genomics is a genome intelligence company focused on improving cancer treatment outcomes. It develops a theragnostic test that analyzes the whole exome data of a patient's tumor DNA, allowing for a thorough understanding of genomic anomalies associated with cancer. This detailed genomic analysis helps physicians identify personalized treatment options, addressing drug resistance and predicting responses to therapy. By providing these insights, Kyvor Genomics aims to reduce the excessive mortality rates associated with cancer, ultimately enhancing the effectiveness of chemotherapy and surgical interventions.
Easypolicy
Venture Round in 2016
Easypolicy is an online insurance platform aimed at simplifying the insurance procurement process for users. By aggregating a wide range of insurance products from various vendors, the platform allows users to compare plans based on price and other relevant criteria. Easypolicy collaborates with multiple insurers nationwide, offering comprehensive services across life, health, travel, and auto insurance segments. Its mission is to provide transparent, high-quality services that assist users in informed decision-making and effective policy management. Through its technology-driven approach, Easypolicy enhances the overall user experience in navigating the complexities of insurance options.
Orbo.ai
Seed Round in 2016
Orbo.ai provide contextual information and become a gateway to the world and not just stay limited to computational photography through our deep learning technology based solutions.Orbo’s face tracking technology can be implemented across devices to identify human emotions, transformative & augmented effects as well as one can build enhanced camera centric applications.
Sun Telematics
Seed Round in 2016
Sun Telematics is a technology firm that specializes in developing a mobile-based platform aimed at optimizing corporate transportation. The application facilitates employee rostering, scheduling, and real-time attendance tracking while ensuring safe travel and automated billing. By implementing this technology, companies have reported savings of at least 10% on transportation costs within the first six months. Currently, Sun Telematics serves 23 corporate clients, managing transportation for approximately 50,000 employees and a fleet of over 12,000 vehicles. Recognizing inefficiencies in vehicle optimization and demand-supply mismatches, the company has created two key products: Drive, which enhances people transport, and National Permit, targeting consumer trucks. These products enable transporters to effectively match supply with demand and generate additional revenue through strategic partnerships. Sun Telematics operates solely as a technology platform within this ecosystem, contributing to improved operational efficiency in the transport sector.
Wassup Laundry
Seed Round in 2016
Wassup is Indias's first friendly neighbourhood laundry & dry cleaning service. It is affordable and has a free home pickup and delivery service. Wassup - Just Laundry is a professionally run setup with state of the art machinery and skilled fabric experts who ensure hygiene and utmost care of your garments. As a result your whites stay white, colour stay brighter and sheen of fabric remains for longer timeframe.
Munoth Industries
Venture Round in 2016
Munoth Industries Limited is a company that specializes in the manufacturing of lithium cells. This company is known for setting up India's first lithium cell manufacturing unit. Their main product is the Li-ion polymer cell, which is primarily used in power banks. Munoth Industries Limited is committed to delivering high performance and quality in their products. They are also in the process of establishing a Lithium Cell Manufacturing unit in an Electronic Manufacturing Cluster (EMC)-II, Tirupati.
I Love Diamonds
Venture Round in 2015
I Love Diamonds is a manufacturer specializing in lightweight diamond jewelry, drawing on over 12 years of experience from its parent brand, Khwaahish Diamonds, established in 2003. Known for its superb craftsmanship and quality, the company offers a diverse range of products, including rings, earrings, pendants, nose pins, bracelets, necklaces, and mangalsutras, all crafted in certified 18-carat gold. Each piece is hallmarked with BIS authentication and certified by respected international gemological labs, ensuring the finest diamonds and gemstones are used in their creations. I Love Diamonds aims to provide customers with exquisite jewelry suitable for various occasions, reflecting a commitment to excellence and authenticity.
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