RapidCanvas raises $29 million in Series B round led by Vertex Ventures

Stand successfully raised $70 million in a Series C funding round, achieving a valuation of $1 billion. The leadership of this round included Saga Ventures, with participation from Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe, and Jackson Square Ventures.

The company develops a new method for insuring property in regions prone to natural disasters. Its platform integrates physical risk modeling, home improvements, and insurance coverage. The goal is to help homeowners reduce disaster risks and obtain more affordable insurance premiums.

Stand currently insures assets worth over $10 billion, representing growth from $1 billion the previous year. The company has focused its efforts on wildfire risks in California and hurricane threats in Florida. Unlike traditional insurers, which rely on historical losses and general geographic risk assessments, Stand assesses each individual property to understand its specific vulnerabilities.

Stand's approach is based on the patented Stand World Model. This software simulates how each home behaves during a natural event, taking into account details such as building materials, trees and shrubs, local climate, and other property characteristics. The system identifies weak points and suggests practical measures to reduce the likelihood of impact.

With this knowledge, homeowners can determine which improvements will provide the most significant protection. Stand also assists clients in implementing the suggested improvements. The company reports that qualified homeowners can receive premium discounts of up to 70 percent. Stand simplifies this process by matching clients with reliable service providers, aiming to make insurance pricing more reflective of actual resilience.

In line with its scaling plans, Stand announced the appointment of two senior executives. Drew Saad joined as President of Property and Casualty Insurance. Previously, he served as Chief Underwriter at PURE Insurance. Saad will contribute to expanding the company's insurance operations and underwriting capabilities, leveraging his experience managing underwriting at a specialized insurer for high-net-worth clients.

Tony Landy took the role of Chief Financial Officer. Before this position, he led strategic growth at Nephila, one of the world's leading catastrophe reinsurance investment managers. He also held leadership roles at Everest Re and Openly. His experience is particularly valuable as Stand raises funds to support its growing portfolio of insurance businesses. These appointments underscore the need to combine an innovative approach to risk with robust insurance operations.

Stand's strategy addresses the increasing pressure on homeowners in disaster zones. Rising losses and unstable pricing have made obtaining property insurance difficult. Some homeowners face policy non-renewal even after implementing mitigation measures. Stand aims to encourage resilience through property-specific modeling and offering insurance discounts. This allows homeowners to see how investments in physical measures affect their risk, and insurers to gain a more detailed tool for assessing individual properties.

NuSynth Technologies, a joint platform focused on research and development for innovations in complex chemistry, has successfully raised ₹36.5 crore (equivalent to approximately $4 million) in seed funding. This round was co-led by the funds Avaana Capital and Shastra VC.

The capital raised will be used to develop NuSynth's R&D and technological capabilities, build an initial portfolio of patented processes, scale up capacity, and strengthen the company's team.

Despite significant growth in chemical manufacturing, India continues to rely on complex multi-step synthetic routes for many critical molecules. This leads to increased costs for raw materials and energy, dependence on imported intermediates and hazardous reagents, and creates difficulties in commercial scaling. This situation opens opportunities for deepening domestic R&D and building indigenous innovation capabilities in chemical processes.

NuSynth addresses this problem by redesigning chemical processes from scratch, rather than making minor adjustments. The company re-evaluates starting materials, reaction pathways, and process economics to develop synthetic routes that improve cost efficiency, product yield, cycle time, safety, sustainability, and scalability.

Experimental data feeds into NuSynth's artificial intelligence mechanism, forming its own knowledge base. This accelerates the selection of future molecules, experimentation, and commercial scaling, thereby shortening traditional R&D cycles.

Starting with high-yield sectors such as pharmaceuticals and electronic chemicals, the company is gradually expanding its process innovation capabilities across numerous chemistry-related sectors.

According to Poorvank Purohit, Co-founder and CEO of NuSynth Technologies, 'We believe the next chapter will be defined by our ability to innovate in the underlying chemistry itself. Our goal is to create patented processes in India that can provide superior economics and sustainability while serving global market customers.'

The founders of NuSynth bring expertise in scientific research and development, commercialization, and business building. Poorvank Purohit, former CFO and CEO of Solara Active Pharma Sciences, brings industry experience and connections with global clients. Dr. Ramesh A R, a postdoctoral researcher at NIH, Washington, and an IISc graduate, provides scientific and research expertise.

Abhishek Deo and Dipak Bajaj possess commercial and operational experience from Zetwerk, Mstack, Ola, JPMorgan, BlackBuck, and SUN Mobility. Their team has led numerous projects from idea to scale, including companies that have achieved unicorn and public market status.

Shruti Srivastava, Partner at Avaana Capital, noted: 'We believe NuSynth's approach will improve the economics, resource efficiency, and sustainability of chemical manufacturing in critical sectors, while simultaneously creating globally competitive technology platforms from India.'

Avijeet Alaghati, Managing Partner at Shastra VC, emphasized that the NuSynth founders have assembled a rare combination of scientific depth, industry experience, and execution capability. He added: 'We believe this combination, along with the data and AI mechanism, strongly positions NuSynth to create a differentiated process innovation platform from India for global markets.'

The design-led lifestyle-tech brand DailyObjects successfully raised 332 crore rupees in its Series C funding round. The leaders of this round were Xponentia Capital Partners, Anicut Capital, and Axiom Asia Private Capital.

This funding round comprised a combination of primary and secondary transactions, which boosted DailyObjects' valuation to 1,050 crore rupees. The company announced that Roots Ventures, one of the early investors, is partially exiting the project, realizing an 18x return on investment, while retaining its shareholder status alongside 360 One Asset and Trifecta Capital.

The company was founded in 2012 by Pankaj Garg and Saurav Adlakha. The raised funds are planned to be used for expanding retail presence, deepening product and R&D capabilities, strengthening the brand, and exploring opportunities for international market entry.

Over the next five years, the company intends to open 150 exclusive flagship stores across India. The main focus will be on building a profitable physical retail network, improving the product discovery process, and bringing the brand closer to consumers in key regions.

Pankaj Garg, co-founder and CEO of DailyObjects, stated: 'Over the years, we have built DailyObjects, remaining steadfastly focused on design, product quality, and disciplined capital deployment. As we scale, capital efficiency and profitable growth will remain at the core of our development approach.'

Furthermore, DailyObjects plans to strengthen its presence in existing product categories through investments in new product lines, design, materials, quality, and research and development. The company is considering opportunities for expansion into foreign markets, as its broader goal is to build a global consumer brand rooted in Indian design.

P Srinivas, Managing Partner at Xponentia Capital Partners, commented: 'DailyObjects has created a distinctive brand in a market where products were traditionally functional but not inspiring, and competition primarily focused on cost. What impressed us most was Pankaj and Saurav's commitment to delighting customers with both superior design and functional quality.'