Acculi Labs, an AI-based company has raised USD 1.5 million funds led by Sabi Holding India, an investment and development company dedicated towards sustainable living. The investment came at a base valuation of USD 25 million and the raised amount will be utilised to accelerate the development of Lyra, the conscious AI insights systems and Lyfas Udyam project including a sustainable agriculture JV by the two companies.
With the allocation of 50 per cent of funds towards the JV and the rest towards Acculi’s diverse offerings, the company is striving to enhance its manpower, operational efficiency, infrastructure development, and manufacturing and production capacity.
Talking about the fundraise, Sweta U., head of Lyfas Udyam and Riyasree, convenor and coordinator of PAIO commented, “We are excited about this funding as it will help drive growth and innovation to our current solutions. With a focus on solving complex problems, this capital will enable us to expand our offerings. Backed by our shared vision, we are looking forward to extending our data power for helping Sabi make informed decisions, while leveraging their financial tools to strengthen our PAIO.”
This funding round is to enable Acculi Labs to also focus on serving a fast growing customer segment of growth-oriented solopreneurs and GenZs. Previously, these groups faced a nuanced set of challenges, including solitude, deep questioning of life, self-care, emotional regulation, and financial and creative freedom which created a pressing need for solutions tailor-made for them.
The collaboration between the companies on the Lyfas Udyam initiative has spanned over a year, culminating in this investment, which represents a first in India's investment landscape. Here, the investor and the company have partnered prior to the fundraising, establishing a new benchmark. This development encourages a trend where venture capitalists and startups evolve from mere investor-investee relationships to becoming true partners in mutual growth.
