uExcelerate secures pre-seed funding round backed by Upekkha

uExcelerate has announced the successful closure of its pre-seed funding led by Upekkha, an AI SaaS Fund & Accelerator. Upekkha, considered the Y Combinator of India, empowers SaaS entrepreneurs from India to tailor and expand their products for a global landscape.

With this latest infusion of capital, uExcelerate has formalised its presence in Delaware, USA, and is primed to channel investments into technological advancements and market expansion initiatives.

Shekar Nair, Managing Partner and Co-Founder of Upekkha stated, "As GenAI reshapes enterprise workflows, we anticipate boundaries between services and software to merge, leading to a more fluid and dynamic AI Saas model. Functions such as HR and L&D will be transformed, ushering in innovative applications that streamline efficiency and effectiveness.”

Amit Kumar, Sita Mahalaxmi, Bibhu Prasad Sahoo, and Payal Koul Mirakhur started uExcelerate in 2019.