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Trampoline raises $5 Mn round led by Matrix and WaterBridge

EntrackrEntrackr · 1y ago
Trampoline raises $5 Mn round led by Matrix and WaterBridge
Medial

Trampoline, a cross-border B2B home décor brand, has raised $5 million in its seed round led by Matrix Partners India and WaterBridge Ventures, with participation from Alteria Capital with an additional $2 million in venture debt. The proceeds will be used to enable Trampoline to solidify its supply chain and sourcing capabilities, progress new product development and establish the early team. Founded in December 2023 by Abhik Ghosh, Anushka Mahanti and Varun Deo, From design to delivery, Trampoline promises a full stack experience. It offers toolkit with features like tailored curation, accretive payment arrangements, and no or low MOQs (minimum order quantities). Post its successful UK launch in February 2024, the startup claims to have seen significant demand across customers in the UK with over 1,500 units ordered in the first few months. Customers including independent retailers and interior designers have resonated with Trampoline’s mission to bridge the gap between their stores and manufacturers.

ProcureYard raises $1.72 Mn in seed round

EntrackrEntrackr · 5m ago
ProcureYard raises $1.72 Mn in seed round
Medial

ProcureYard, a B2B commerce platform for raw materials, has raised a seed round of $1.72 million led by Powerhouse Ventures. The round also saw participation from Java Capital, 2am VC, and well-known angels Abhishek Goyal, Co-founder of Tracxn, and Rajesh Sawhney, Founder of GSF. The proceeds will be used for product development and working capital management. ProcureYard plans to use its custom-built conversational AI platform in metals and replicate it to other raw materials. The company aims to increase its market presence with its supply chain solutions. Founded in 2023 by Anshu Kandhari, Pankaj Bisht, Somdutt Parashar, and Tushar Agarwal, ProcureYard offers a suite of solutions, including procurement and sale of construction raw materials, excess inventory liquidation, customization services, logistics management, financing options, and vertical AI solutions for supply chain optimization and customer relationship management. Operating across 20 states, ProcureYard claims to have built a network of over 200 suppliers serving more than 200 SMEs in India. The company also claims to have reached an important milestone of Rs 300 crore in ARR (annualized revenue run rate) and has turned profitable while growing 6X. The company aims to touch an ARR of Rs 3,000 crore in the next 12–18 months. The firm has also launched a multi-lingual voice agent that understands customer inquiries and matches them with the right set of suppliers.

Interior discovery platform Roomstory.ai raises pre-seed round led by Rukam Sitara Fund

EntrackrEntrackr · 1m ago
Interior discovery platform Roomstory.ai raises pre-seed round led by Rukam Sitara Fund
Medial

Interior discovery platform Roomstory.ai has raised Rs 3 crore in a pre-seed funding round led by Rukam Sitara Fund along with participation from Bella Vita founder Aakash Anand and Wolfpack Labs. The proceeds will be used to enhance its AI capabilities, launch of website and mobile applications for a seamless digital user experience, and grow its user base while building a community of interior design enthusiasts, Roomstory said in a press release. Co-founded by Ekatva Jain, Sahil Lunia, and Punit Jain, Roomstory.ai is an AI-powered platform that allows users to explore beautifully styled rooms and instantly shop every item through direct links to retail partners, offering a seamless & a Pinterest-like experience. The platform focuses on inspiration-first commerce, bridging the gap between browsing and buying in the interior design space. According to Roomstory, it combines over a decade of design experience and over 100 completed interior projects with a tech-first approach to transform how people create and furnish their spaces. “Most interior platforms force you to choose between inspiration and shopping, we eliminate that divide. Roomstory doesn’t just show you a beautiful room; it hands you the exact tools to recreate it, wherever you prefer to shop,” said Ekatva Jain, Co-founder & CEO of Roomstory.ai. As per market research, globally, the home and interior shopping category is valued at over $800 billion, and in India, the interior design sector is expected to be valued at $38.2 billion by 2027, growing at a CAGR of 30% between 2021 and 2027.

CapGrid Solutions raises $5 Mn led by Anicut Capital

EntrackrEntrackr · 5m ago
CapGrid Solutions raises $5 Mn led by Anicut Capital
Medial

CapGrid Solutions raises $5 Mn led by Anicut Capital B2B manufacturing startup CapGrid Solutions has raised $5 million (around Rs 45 crore) in a funding round led by Anicut Growth Fund. The round also saw participation from existing investors Nexus Venture Partners and Axilor Ventures. Earlier in January 2023, CapGrid had raised $7 million led by Nexus Venture Partners. The round closed at a valuation of Rs 305 crore after the investment, according to an ET report. The proceeds will be used for global expansion and investments in technology to improve supply chain and operational efficiencies. Founded in 2020 by Tiwari and Himanshu Singh Raghuvanshi, CapGrid helps car part makers and suppliers by making it easier to find and buy the materials they need. It helps OEMs procure precision parts and components from suppliers that it has tied up with. CapGrid currently operates around 11 fulfilment centres and has 50 strategic supply manufacturing partners. The Gurugram-based startup claims to have recorded a revenue of around Rs 99 crore in the last fiscal year and expects to reach Rs 220 crore in FY25.

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