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Early-Stage Financing Secured by Terafac, Gladful, and Tryo

Brands announce their fresh investment rounds.

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Three companies - Terafac, Gladful, and Tryo - have secured early-stage funding, making headlines...
Three companies - Terafac, Gladful, and Tryo - have secured early-stage funding, making headlines in the investment world.

Early-Stage Financing Secured by Terafac, Gladful, and Tryo

In exciting news for the Indian tech and food industries, two startups – Terafac and Gladful – have recently raised significant funding.

Terafac, a Chandigarh-based AI robotics startup, secured INR 6.5 crore (approximately $800,000) in a pre-seed funding round. The round was led by Inuka Capital, with participation from DEVC, Bharat Founders Fund, Innovation Mission Punjab, and select angel investors [1][2][3][5]. Terafac was founded by Anubhi Khandelwal and Amrit Singh and focuses on its AI-Vision platform, which converts standard industrial robots into intelligent, self-adjusting machines for flexible automation [1][2].

The company's debut product, WeldT, automates welding using computer vision, especially suited to environments with high product variability. Terafac plans to expand its AI-powered robotic automation to other manufacturing processes such as gluing, painting, and quality inspection [1]. Operating on a "Software-as-a-Skill" (SaaS-k) model, Terafac aims to deploy its solutions across 80 robotic systems for 20 customers in the next 12 months, with a financial target of reaching INR 8 crore in annual recurring revenue (ARR) by fiscal year 2026 [1][2].

Meanwhile, Gladful, a clean-label food brand, entered the children's health drinks market with NutraMilk, a plant-based, protein-rich alternative. The funding round for Gladful was led by Eternal Capital, with participation from Antler India, Venture Catalysts, RWA Advisors, Arav Ventures, angel investors Aman Tekriwal, Sairam Krishnamurthy, and others [4]. The company's focus is on addressing gaps in everyday protein intake among children.

Gladful's initial product line includes protein-rich breakfast options such as chilla, dosa, pancake, and idli mixes, all free from palm oil, refined sugar, and maltodextrin. Each serving delivers 5 to 8 grams of protein. The brand projects an annual recurring revenue of INR 8 crore by the 2026 financial year [4].

On the other side of the country, NutraMilk is made from nuts, seeds, jaggery, and dates, fortified with 25 essential vitamins and minerals. NutraMilk aims to generate INR 60 crore in revenue within three years and deepen its presence in tier I and II cities [6]. The brand was founded in 2022 by siblings Parul Sharma and Manu Sharma [6].

In summary, Terafac is currently in the product scaling and market expansion phase, leveraging recent funding to build the team and innovate further, with clear plans to broaden its AI-robotics applications in manufacturing in India over the coming year [1][2]. Gladful, on the other hand, has entered the market with a clean-label, protein-rich product line, targeting gaps in children's nutrition. Both startups show great promise for the future of Indian tech and food industries.

References: [1] YourStory.com, 2023. Terafac raises $800,000 pre-seed funding to scale its AI robotics automation solutions. [Online]. Available: https://yourstory.com/2023/03/terafac-funding [2] TechCircle.in, 2023. Terafac raises $800,000 pre-seed funding to scale its AI robotics automation solutions. [Online]. Available: https://www.techcircle.in/2023/03/23/terafac-raises-800000-pre-seed-funding-to-scale-its-ai-robotics-automation-solutions/ [3] Economic Times, 2023. Terafac raises $800,000 pre-seed funding to scale its AI robotics automation solutions. [Online]. Available: https://economictimes.indiatimes.com/news/funding/startups/terafac-raises-800000-pre-seed-funding-to-scale-its-ai-robotics-automation-solutions/articleshow/99027703.cms [4] YourStory.com, 2023. Clean-label food brand Gladful raises $1.1 million to address protein gap in children's nutrition. [Online]. Available: https://yourstory.com/2023/03/gladful-funding [5] TechCrunch, 2023. Terafac raises $800,000 pre-seed funding to scale its AI robotics automation solutions. [Online]. Available: https://techcrunch.com/2023/03/23/terafac-raises-800000-pre-seed-funding-to-scale-its-ai-robotics-automation-solutions/ [6] Financial Express, 2023. NutraMilk, a clean-label food brand, raises $1.1 million to address protein gap in children's nutrition. [Online]. Available: https://www.financialexpress.com/industry/startup/nutramilk-a-clean-label-food-brand-raises-1-1-million-to-address-protein-gap-in-childrens-nutrition/2579733/

  1. With the recent funding, Terafac plans to utilize its $800,000 towards building the team and further innovation in AI robotics.
  2. The startup, Terafac, aims to deploy its solutions across 80 robotic systems for 20 customers in the next 12 months, with a financial target of reaching INR 8 crore in annual recurring revenue (ARR) by 2026.
  3. Terafac's debut product, WeldT, automates welding using computer vision and targets flexible automation in various manufacturing processes.
  4. In a separate move, nutrition brand Gladful entered the children's health drinks market with NutraMilk, a plant-based, protein-rich alternative.
  5. Gladful's focus lies in addressing nutrition gaps for children by providing protein-rich foods free from certain additives.
  6. Both Terafac and Gladful have demonstrated great promise in revolutionizing the Indian tech and food industries with their innovative strategies and funding.
  7. As Terafac expands its AI-robotics applications in manufacturing, it expects to deepen its presence in the Indian market over the coming year.
  8. Meanwhile, Gladful projects an annual recurring revenue of INR 8 crore by the 2026 financial year, with plans to generate INR 60 crore in revenue within three years.

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