Brainbees Solutionsthe parent company of kids-focused omni-channel retailer FirstCryhas refiled its draft red herring prospectus (DRHP) just days after concerns around its numbers were raised by the Security Exchange Board of India (SEBI). Last week, the firm withdrew its IPO papers as SEBI raised questions over key metrics it disclosed to investors as they had Continue reading FirstCry refiles draft IPO papers after SEBIs concern The post FirstCry refiles draft IPO papers after SEBIs concern a

API Holdings, the parent company of online drug dispenser PharmEasy, has raised Rs 1,804 crore ($216 million) led by Ranjan Pais Manipal Education and Medical Group (MEMG) and existing investors. The fresh money, however, has come with a 90% haircut in valuation from the firms peak worth. The board at API Holdings passed a special Continue reading Exclusive: PharmEasy raises $216 Mn led by MEMG at $710 Mn valuation The post Exclusive: PharmEasy raises $216 Mn led by MEMG at $710 Mn valuation ap

Hemant Bakshi, the chief executive officer of Ola Cabs, has reportedly quit the ride-hailing firm. Bakshi was roped in as the firms CEO in January this year. A former Unilever executive, Bakshi was leading Olas mobility business along with a focus on key businesses such as financial services, logistics, and e-commerce. Bakshis departure comes at Continue reading Ola Cabs CEO Hemant Bakshi quits after just three months The post Ola Cabs CEO Hemant Bakshi quits after just three months appeared fi

Kiranatech platform 1K (formerly 1K Kirana Bazaar) secured Rs 32 crore or $4 million in its extended Series B round (bridge round) from existing investors in July last year at a 60% haircut in valuation. The sharp fall in valuation appears to be driven by the companys sluggish growth, inability to raise any large follow-on Continue reading Exclusive: Alpha Wave-backed 1K Kiranas valuation nosedives 60% in internal round The post Exclusive: Alpha Wave-backed 1K Kiranas valuation nosedives 60% in

Assert AI, a computer vision SAAS company, has raised Rs 30 crore ($4 million) in a funding round led by prominent investors including Ramesh Hariharan (ex-CTO and co-founder of LatentView), Prashant Purker (former MD & CEO of ICICI Venture), Arya.ag (integrated grain commerce platform), and select individuals. The company plans to utilise the funds to Continue reading Computer vision SAAS startup Assert AI raises $4 Mn The post Computer vision SAAS startup Assert AI raises $4 Mn appeared first

Cross-border payments platform BRISKPE has raised $5 million in its seed round from PayU, the payments and fintech business of Prosus. The proceeds will be used to drive product development, talent acquisition, and business expansion, the company said in a press release. Founded by Sanjay Tripathy and Vijay Agicha, BRISKPE is primarily designed to meet Continue reading PayU invests $5 Mn in cross border payments startup BRISKPE The post PayU invests $5 Mn in cross border payments startup BRISKP

B2B animal protein marketplace Captain Fresh recorded 23X growth in its gross scale (GMV) in the last two reported fiscals: rising from Rs 33 crore in FY21 to Rs 773 crore in FY23. But this hyper-growth came at a steep cost with its losses skyrocketing 28X during the same period. Captain Fresh Indias gross revenue Continue reading Captain Fresh posts Rs 773 Cr GMV and Rs 252 Cr loss in FY23 The post Captain Fresh posts Rs 773 Cr GMV and Rs 252 Cr loss in FY23 appeared first on Entrackr .

Customer loyalty and marketing startup Reelo has raised $1 million from Silicon Valley-based angel investor Gokul Rajaram. The proceeds will be used to ramp up hiring, expand its footprint in current and new global markets, and enhance its artificial intelligence and machine learning capabilities. Founded in 2017 by brother duo Prit and Parin Sanghvi, Reelo Continue reading Reelo raises $1 Mn from Gokul Rajaram The post Reelo raises $1 Mn from Gokul Rajaram appeared first on Entrackr .

Home healthcare solution provider Portea Medical has raised around $20 million via rights issue. The capital raise comes amid its efforts to launch an initial public offering (IPO). The board at Portea has passed a special resolution to issue 69,206,452 Series D1 compulsory convertible preference shares (CCPS) at an issue price of Rs 23.96 per Continue reading Exclusive: IPO-bound Portea Medical raises $20 Mn via right issue The post Exclusive: IPO-bound Portea Medical raises $20 Mn via right i

During the week, as many as 27 Indian startups raised nearly $222.7 million in funding. These deals include 7 growth-stage deals and 17 early-stage deals. Meanwhile, three early-stage startups did not disclose the amount raised. Last week, about 37 early and growth-stage startups collectively raised around $310 million in capital. [Growth-stage deals] Among the growth-stage Continue reading Funding and acquisitions in Indian startups this week [22-27 Apr] The post Funding and acquisitions in In

BankBazaar, an online marketplace for financial products, has raised Rs 80 crore ($9.6 million) in its ongoing Series D round via private placement. This is the first round of investment for the firm in 2024. The board at BankBazaar has passed a special resolution to issue up to 22,821 Series D2 CCPS at an issue Continue reading Exclusive: BankBazaar bags Rs 130 Cr in equity and debt funding The post Exclusive: BankBazaar bags Rs 130 Cr in equity and debt funding appeared first on Entrackr .

B2B credit management platform CheQ has raised Rs 35 crore or $4.2 million in its extended seed round from new and existing investors. The funding for the Bengaluru-based firm came after a gap of 18 months. The board at CheQ has passed a special resolution to issue 12,952 Seed1 cumulative convertible preference shares at an Continue reading Exclusive: CREDs competitor CheQ secures $4.5 Mn The post Exclusive: CREDs competitor CheQ secures $4.5 Mn appeared first on Entrackr .

Venture capital firm Capria Ventures has announced the successful completion of fundraising for its India Opportunity Fund at Rs 153 crore ($19 million). This comes after a full-cash exit from its portfolio company Awign. The US-based fund had announced first close at Rs 75 crore in February 2023 as Unitus Ventures. Later, Capria Ventures and Continue reading Capria Ventures closes India Opportunity Fund at $19 Mn The post Capria Ventures closes India Opportunity Fund at $19 Mn appeared first o

Omnichannel fashion startup Lyskraft, founded by Zomatos co-founder Mohit Gupta and Myntra and Cultfits co-founder Mukesh Bansal, has scooped up $26 million in a seed funding round. The round was led by Peak XV Partners with participation from Prosus, Sofina, and partners of DST Global, the company said in a press release. Angel investors including Continue reading Lyskraft, founded by Mohit Gupta and Mukesh Bansal, bags $26 Mn in seed round The post Lyskraft, founded by Mohit Gupta and Mukesh

Awign, a work-as-a-service platform, has announced a strategic majority stake acquisition in an all cash deal from Mynavi Corporation. This partnership will also signify the departure of few of Awigns early backers, including Capria, Lumis, MSDF, Amicus Capital and Pankaj Bansal. Earlier in 2022, the Bengaluru-based company had announced its first employee stock option (ESOP) Continue reading Mynavi acquires majority stake in HRtech startup Awign The post Mynavi acquires majority stake in HRtec

Brainbees Solutions, the parent company of kids-focused omnichannel retailer FirstCry, is reportedly going to withdraw its $500 million IPO within four months of filing a draft red herring prospectus with the regulator: Security Exchange Board of India (SEBI). According to a Reuters report, the firm has planned to pull back IPO papers as SEBI raised Continue reading FirstCry to withdraw IPO papers, may refile with latest financials: Report The post FirstCry to withdraw IPO papers, may refile wi

Eyewear retailer Lenskart raised $600 million from the Abu Dhabi Investment Authority and ChrysCapital in March-June 2023. The staggering funding appears to have been drawn by its outstanding financial performance in the fiscal year ending March 2023. While the firms scale grew over 2.5X, it also cut losses by 37% during FY23. Lenskarts revenue from Continue reading Lenskart is EBITDA profitable with Rs 3,788 Cr revenue in FY23 The post Lenskart is EBITDA profitable with Rs 3,788 Cr revenue in

MatchLog Solutions, a sustainable container logistics and supply chain optimisation, has raised $1.5 million in its pre-series A round led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital, and Capital A. Earlier in 2022, MatchLog had raised $3 million from Blue Ashva Capital, Rainmatter Climate Technologies, and Capital-A. The Continue reading MatchLog Solutions raises $1.5 Mn in pre-series A round The post MatchLog Solutions raises $1.5 Mn in

FlexiCloud Internet, a company specializing in managed cloud hosting solutions, has raised strategic funding from Ushodaya Enterprises Private Limited, the holding corporation of the Ramoji Group. This initiative is part of Ushodaya Enterprises strategic expansion into Kerala. The funds will be used to empower FlexiCloud to augment its technological base, expand its research and development Continue reading Ramoji Group backs FlexiCloud Internet The post Ramoji Group backs FlexiCloud Internet a

Coffee chain firm Third Wave Coffee secured $35 million led by homegrown private equity firm Creaegis in September last year. The funding was followed by its notable growth in scale during FY23. Third Waves revenue from operations surged 4.5X to Rs 144 crore in the fiscal year ending March 2023 as compared to Rs 32 Continue reading Third Wave Coffees scale grows 4.5X to Rs 144 Cr in FY23 The post Third Wave Coffees scale grows 4.5X to Rs 144 Cr in FY23 appeared first on Entrackr .

Healthcare and insurtech firm Flashaid has raised $2.5 million in its pre-Series A funding round led by Piper Serica Angel Fund and global venture capital firm SOSV. Early-stage investors Z21 Ventures Fund and ZNL Growth Fund also participated in this round. The proceeds will be used for growth and expansion to six new cities, the Continue reading Healthcare and insurtech startup FlashAid raises $2.5 Mn The post Healthcare and insurtech startup FlashAid raises $2.5 Mn appeared first on Entrackr

A group of former Flipkart employees, led by Bhargav Errangi, is working to fix a big hurdle faced by D2C startups acquiring new customers. Through their platform POP, the Bengaluru-based startup aims to build a vast pool of customers, who are preferably ecommerce savvy and drive sales through a reward currency. Conveniently called POPcoins, Continue reading POP helps D2C startups tackle customer acquisition and retention hurdles The post POP helps D2C startups tackle customer acquisition and

Foodtech decacorn Swiggy is inching closer towards its public listing as the Bengaluru-based firm received shareholders nod to float its $1.25 billion IPO. The board at Swiggy has passed a special resolution to raise up to Rs 3,750 crore ($450 million) via fresh issue of equity of shares and an offer for sale of up Continue reading Swiggy gets shareholders nod to float $1.25 Bn IPO The post Swiggy gets shareholders nod to float $1.25 Bn IPO appeared first on Entrackr .

Control One AI, an AI-first robotics startup, has raised $350K from a group of investors in the United States and India such as Kunal Shah (Founder, CRED), Chaitanya R (Co-Founder,Wakefit) & Amit Singh (Ex-MD, Avendus Capital) and Silicon Valley based top supply chain executives from Tesla, Amazon, Walmart, eBay, Mercedes-Benz, and General Electric. The proceeds Continue reading AI startup Control One raises $350K in pre seed round The post AI startup Control One raises $350K in pre seed round

LetsTransport, a trucking aggregator for enterprises, has raised $22 million in its Series E funding round led by Bertelsmann India Investments. Rebright Partners, NB Ventures, ALES Global, Stride Ventures, CAC Capital, and others also participated in the round. The firm had raised $25 million in July last year. Now, the fresh infusion takes the total Continue reading LetsTransport bags $22 Mn in Series E led by Bertelsmann The post LetsTransport bags $22 Mn in Series E led by Bertelsmann appea

Boba Bhai,a quick-service restaurant (QSR) brand focused on bubble tea and other food items, has raised Rs 12.5 crore in its seed round led by Titan Capital and Global Growth Capital UK. The round also saw participation from Arjun Vaidya, Marsshot VC (RazorPay founders fund), DEVC, Warm up Ventures, Asit Oberoi, 1947 Rise Fund by Continue reading Bubble tea brand Boba Bhai raises Rs 12.5 Cr in seed round The post Bubble tea brand Boba Bhai raises Rs 12.5 Cr in seed round appeared first on Entra

B2B manufacturing and automation startup Groyyo grew at a rapid clip with 19X growth during the fiscal year ending March 2023. But in the pursuit of chasing scale, the Tiger Global-backed companys losses zoomed 13.6X during the same period. Groyyos gross revenue surged 18.9X to Rs 492 crore in FY23 from Rs 26 crore in Continue reading Groyyos gross revenue nears Rs 500 Cr in FY23 The post Groyyos gross revenue nears Rs 500 Cr in FY23 appeared first on Entrackr .

Plane, an open-source project management platform, has secured $4 million in a Seed round funding from OSS Capital. This investment will fuel the companys community growth and compete in the enterprise segment. The firm has also announced the launch of Plane One, a first-in-open-source pricing plan for self-managed instance owners at growing companies. Designed for Continue reading Tech startup Plane raises $4 Mn in Seed round The post Tech startup Plane raises $4 Mn in Seed round appeared firs

Karban Envirotech, a startup that manufactures energy-efficient electronic appliances, has raised Rs 8.93 crore ($1.07 million) in a seed round led by Titan Capital, Rainmatter and All In Capital. Other investors who participated in the round include Urban Company, JK Family Office and angel investors including Kunal Shah, Anupam Mittal, Bharat Jaisinghiani, Atul Gupta, Abhishek Continue reading KARBAN raises seed round led by All In Capital, Titan Capital and Rainmatter The post KARBAN raises

Omni-channel FMCG brand Adukale has raised Rs 11 crore (approximately $1.32 million) in its pre-Series A round led by Force Ventures, backed by marquee investors like Aanya Ventures, Subrata Mitra, Radhika Pandit among others. With this funding, the firm plans to scale the outlets, expand the distribution network and invest further in manufacturing and R&D Continue reading Adukale raises Rs 11 Cr in pre-Series A led by Force Ventures The post Adukale raises Rs 11 Cr in pre-Series A led by Force