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Wishlink raises $17.5 Mn in Series B round led by Vertex Ventures

EntrackrEntrackr · 17d ago
Wishlink raises $17.5 Mn in Series B round led by Vertex Ventures
Medial

Wishlink raises $17.5 Mn in Series B round led by Vertex Ventures Creator-focused commerce startup Wishlink has raised $17.5 million in a Series B funding round led by Vertex Ventures Southeast Asia & India. Existing investors Fundamentum and Elevation Capital also participated in the round. The new round comes after a gap of two years. In February 2024, Wishlink had raised a $7 million round from The Fundamentum Partnership Fund and Elevation Capital. It also closed its seed round of $3 million in October 2022. The fresh proceeds will be used to expand its creator and brand partnerships and strengthen its technology stack across consumers, creators and brands. Founded in 2022 by Shaurya Gupta, Divyansh Ameta and Chandan Yadav, Wishlink operates a creator commerce platform that enables product discovery through influencers. The platform helps creators monetise content while allowing brands to drive sales and customer acquisition. Wishlink currently works with over 40,000 monthly active creators who generate more than 300,000 pieces of content every month. The platform facilitates over 6 million orders and drives more than Rs 350 crore in monthly sales for partner brands and e-commerce platforms. It uses data-driven tools to help brands track performance across the funnel while improving shopping experiences for consumers. It also enables creators to earn commissions through product-linked content. According to its annual financial statement, Wishlink saw its revenue from operations surge 356% YoY to Rs 53.80 crore in FY25 from Rs 11.79 crore in FY24, while losses remained nearly flat at Rs 18.79 crore, compared to Rs 18.22 crore a year earlier.

Apna Mart raises $25 Mn led by Fundamentum and Accel

EntrackrEntrackr · 11m ago
Apna Mart raises $25 Mn led by Fundamentum and Accel
Medial

Exclusive: Apna Mart raises $25 Mn led by Fundamentum and Accel Founded by Abhishek Singh and Chetan Garg, Apna Mart guarantees grocery and FMCG deliveries within 15 minutes, in addition to its brick-and-mortar stores. Apna Mart, a franchise-driven omnichannel grocery and FMCG chain, has raised Rs 214.5 crore (approximately $25 million) in equity and debt led by Fundamentum Partnership Fund and Accel with the participation of existing investors. The board at Apna Mart has passed a special resolution to issue 6,342 Series B compulsory convertible preference shares at an issue price of Rs 2,78,402 to raise Rs 176.5 crore or $20.5 million and 3,800 debentures for Rs 38 crore or $4.5 crore, its regulatory filings sourced from the Registrar of Companies (RoC) show. Fundamentum Partnership Fund is leading the round with Rs 84 crore while Accel India, Peak XV, and Sparrow Capital will invest Rs 60.88 crore, Rs 17.4 crore, and Rs 4 crore, respectively. 2 AM Ventures, Disruptors Capital, and Alteria will invest the rest of the amount. Entrackr estimates Apna Mart's post-allotment valuation at approximately Rs 738 crore ($87 million), an 81% jump from its previous funding round. Founded by Abhishek Singh and Chetan Garg, Apna Mart guarantees grocery and FMCG deliveries within 15 minutes, in addition to its brick-and-mortar stores. Operating across 14 cities—including Ranchi, Hazaribagh, and Bilaspur—the firm utilizes a franchise model to ensure operational efficiency. According to startup data intelligence platform TheKredible, Apna Mart has raised approximately $40 million across multiple funding rounds. Following the latest investment, Accel India remains the largest external stakeholder with a 20.91% stake, followed by Peak XV at 13.06% and Fundamentum at 11.39%. The Bengaluru-based firm recorded an 85.6% year-on-year growth to Rs 59.6 crore of revenue during the previous fiscal year ended March 2024. In pursuit of growth, the losses for the firm also grew 51.4% to Rs 33 crore in the same period. Apna Mart has been working to crack the grocery model through a franchise-led approach with a strong online touch. The company is scaling steadily with solid backing from investors, including Nandan Nilekani’s Fundamentum and Accel, which has doubled down on its investment. Apna Mart certainly seems to be a company to watch in the grocery category for the long haul—a space currently dominated by quick commerce players like Blinkit, Swiggy Instamart, and Zepto.

Exclusive: Nandan Nilekani’s Fundamentum leads Olyv’s $23 Mn Series C round

EntrackrEntrackr · 1m ago
Exclusive: Nandan Nilekani’s Fundamentum leads Olyv’s $23 Mn Series C round
Medial

url: https://entrackr.com/exclusive/exclusive-nandan-nilekanis-fundamentum-leads-olyvs-23-mn-series-c-round-11090810 Content: Personal lending platform Olyv, formerly known as SmartCoin, has raised Rs 207 crore (around $23 million) in its Series C funding round led by Fundamentum Partnership Fund, with participation from SMBC Asia. The board of Olyv has passed a resolution to allot 10 equity shares and 88,265 Series C compulsorily convertible preference shares at an issue price of Rs 23,506 each to raise the total amount, regulatory filings accessed by Entrackr from the Registrar of Companies (RoC) show. Fundamentum Partnership led the round with an investment of Rs 120 crore (approximately $13.3 million), while SMBC Asia Rising Fund participated with Rs 87.5 crore. According to the filings, the company plans to utilise the proceeds for general corporate purposes. As per Entrackr’s estimates, Olyv is valued at around Rs 1,045 crore, or nearly $117 million, post-money. Following the fresh capital infusion, Lightrock remains the largest external shareholder with a 22.43% stake in the company. The new investor, Fundamentum Partnership Fund, holds an 11.48% stake, while SMBC Asia Rising Fund and 01VC Poseidon Fund own 8.37% and 4.95%, respectively. The company’s co-founders, Rohit Garg, Jayant Upadhyay, Vinay Kumar Singh, and Amit Chandel, collectively hold a 28.48% stake in the company. Founded in 2015, Olyv operates as an online lending marketplace through its website and mobile application. The platform connects borrowers and lenders, offering unsecured loans digitally. The startup’s product portfolio primarily includes small-ticket personal loans catering to micro-merchants, self-employed individuals, small retailers, blue- and grey-collar workers, as well as salaried professionals. For the fiscal year ended March 2025 (FY25), Olyv’s revenue from operations grew 36% year-on-year to Rs 338 crore, compared to Rs 249 crore in FY24. During the same period, the company’s profits more than doubled to Rs 26 crore.

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