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Evolve Snacks Takes Next Leap in Snack Innovation in collaboration with Gruhas Gusto - A 6-month accelerator program by Gruhas, Jubilant Bhartia Family Office, Sabre Ventures (DLF Family Office), and

VCCircleVCCircle · 1y ago
Evolve Snacks Takes Next Leap in Snack Innovation in collaboration with Gruhas Gusto - A 6-month accelerator program by Gruhas, Jubilant Bhartia Family Office, Sabre Ventures (DLF Family Office), and
Medial

Evolve Snacks, a brand focused on providing healthier snack alternatives, has joined Gruhas Gusto, a 6-month accelerator program dedicated to promoting healthy living. Evolve Snacks aims to offer nutritious and delicious snacks that do not compromise on taste or affordability. Their range of products includes beetroot bhutia, oats chips/bhujia, rajma chips, and baked bhakarwadi. Through collaborations like joining Gruhas Gusto, Evolve Snacks intends to expand their reach and impact in the health-conscious community. Their mission is to create convenient, guilt-free snack options that contribute to overall well-being.

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These Gruhas Gusto startups are aiding the standard millennial’s choice in exercising healthier snacking habits

VCCircleVCCircle · 1y ago
These Gruhas Gusto startups are aiding the standard millennial’s choice in exercising healthier snacking habits
Medial

Startups under the Gruhas Gusto accelerator program are catering to the growing demand for healthier snacking options among millennials in India. A recent report suggests that snacking has become a regular part of daily routines for 76% of Indians, and 43% of Indian millennials have switched to healthier snacking choices. The Gruhas Gusto accelerator program, launched by Gruhas, Jubilant Bhartia Family Office, Sabre Ventures, and Anthill Ventures, aims to support entrepreneurs offering affordable, nutritious snacks infused with authentic Indian flavors. The selected startups include Evolve Snacks, Hemptyful, The Fresh Press, and Grabenord, providing a range of guilt-free snacks and plant-based alternatives.

Transforming Real Estate: India’s leading proptech program successfully concludes Cohort II with speed scaling 5 incredible startups

VCCircleVCCircle · 1y ago
Transforming Real Estate: India’s leading proptech program successfully concludes Cohort II with speed scaling 5 incredible startups
Medial

Gruhas Aspire, a leading proptech program in India, has successfully concluded its second cohort. The program, launched by Gruhas, DLF Family Office, and Anthill Ventures, focused on driving innovation and sustainability in the proptech industry. Five startups were selected to participate in the accelerator program, undergoing mentorship, refining their business models, and showcasing their solutions. The startups included Earthfokus, Breathe ESG, Ambiator, Slice, and ZeroTouch, which offered innovative solutions in areas such as water management, sustainability, and affordable smart toilets. The program aims to support the growth and success of these startups through ongoing mentorship and networking opportunities.

ParkMate raises $1.2 Mn led by Cactus Partners

EntrackrEntrackr · 7m ago
ParkMate raises $1.2 Mn led by Cactus Partners
Medial

Car parking solutions provider ParkMate has raised $1.2 million in a new round led by early growth-stage venture fund Cactus Partners. Existing backers such as Venture Catalysts and the Marwah Group Family Office have also participated in the round. According to ParkMate, the funds will be used to ramp up its growth trajectory, invest in its team to win business, streamline its operations, and continue to innovate new solutions. Founded by Dhananjaya Bharadwaj, ParkMate offers smart parking solutions to shopping malls, office complexes, and Hotels in the corporate segment and to parking contractors for government parking spaces. The firm’s exclusive DaSH (Drop & Shop) service claims parking within 2 minutes for car owners at shopping malls, arcades, and business complexes. It counts as DLF, Phoenix Mills, Fun Republic, the UP, and Telangana Governments. Smart cities are another sizeable market for ParkMate. It directly competes with Park+, Get My Parking, Park Smart, and Parky, among others. Park+ is the largest player in this segment. In June, the company ventured into the on-demand driver services segment with Drive+, positioning it as a potential competitor to DriveU, Drivers4Me, Driverzz, PickMyCar, Namma Driver, and Cars24. This marks the eighth investment by Cactus Partners since January 2021. The firm has invested in companies such as Lohum Cleantech, Kapture CX, Vitraya Technologies, AMPM Fashions, Auric, Indigrid Technology, and Rubix Data Sciences (exited).

Cactus Partners leads $1.2 Mn round in ParkMate

EntrackrEntrackr · 6m ago
Cactus Partners leads $1.2 Mn round in ParkMate
Medial

Parking management platform ParkMate has raised $1.2 million in a funding round led by Cactus Partners, along with participation from existing investors like Venture Catalysts and the Marwah Group Family Office. The Noida-based company had previously raised $1.2 million from its existing investors. The proceeds will be used to expand its operations, boost the business development team, and accelerate innovation in cutting-edge parking solutions, ParkMate said in a press release. Co-founded in 2021 by Abhimanyu Singh and Dhananjaya Bharadwaj, ParkMate is a parking management solution designed to simplify the process of finding, reserving, and paying for parking spaces. It is often available as a mobile app or platform, providing users with real-time updates on parking availability in specific areas. According to ParkMate, it provides features such as GPS integration, cashless payments, and advanced parking and aims to reduce the hassle of parking in crowded urban environments. Additionally, it offers other services such as reminders for parking durations, secure access to private parking spaces, and eco-friendly initiatives like guiding users to spots that reduce fuel consumption. ParkMate says that its flagship service, DaSH (Drop & Shop), offers guaranteed parking at any location like shopping malls, office complexes, and entertainment hubs. It serves clients including industry giants such as DLF, Phoenix Malls, Indian Army, Ansals API, Unitech Group, Shalby Group, M3M, alongside strategic partnerships with the Uttar Pradesh and Telangana governments.

Scandalous Foods raises funds in ongoing Seed round led by New Age India Fund

EntrackrEntrackr · 2m ago
Scandalous Foods raises funds in ongoing Seed round led by New Age India Fund
Medial

Snippets Scandalous Foods raises funds in ongoing Seed round led by New Age India Fund Business-to-business (B2B) Indian sweets brand Scandalous Foods has raised Rs 2 crore in an ongoing seed funding round led by New Age India Fund. The startup has received three term sheets from various investors and a family office which it is evaluating towards closing this round. Prior to this, the company had raised Rs 3 crore in its pre-seed funding round from Indian Angel Network and others back in Feb. 2024. The proceeds will be channeled towards expanding production capacity and strengthening its SME HoReCa (Hotels, Restaurants, and Catering) distribution network, fueling the company’s next phase of growth, Scandalous Foods said in a press release. Co-founded in August 2022 by Sanket S, Scandalous Foods aims to empower the sweets industry for the restaurant sector. With a commitment to quality and innovation, it offers preservative-free sweets with a 6-month shelf life, available in convenient single-serve sizes. Currently a B2B company with aspirations for B2B2C and B2C expansion. Scandalous Foods operates with a focus on cloud kitchens and plans to expand to various food service segments. In the near future, the brand is set to introduce mithai bars and sachets, catering to spontaneous indulgence without the guilt. "At Scandalous Foods, we’re not just selling Indian sweets—we’re working towards becoming the biggest mithaiwala in the unplanned post meal impulse purchase space. This funding is a massive leap forward in our journey to make our sweets a staple in restaurants and catering menus across India. With bigger production, a stronger distribution network, and new products in the pipeline, we’re gearing up to bring our bold, delicious creations to even more people,” said Sanket S, co-founder of Scandalous Foods. Scandalous Foods said that it has experienced 7x growth in calendar year 2024, selling over 2 million cups of Indian sweets across nine cities. The brand has a reach of nearly one million unique consumers through its 27 B2B clients and over 1,500 distribution points. The Nashik-based startup plans to introduce 2-3 new products and expand into new sub-channels within existing markets. Initially focused on key account HoReCa clients, it will now target SME HoReCa and caterers.

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