🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Exclusive: WorkIndia to raise $13 Mn in new funding round

EntrackrEntrackr · 2d ago
Exclusive: WorkIndia to raise $13 Mn in new funding round
Medial

Exclusive: WorkIndia to raise $13 Mn in new funding round Blue and grey-collar job portal WorkIndia is all set to raise Rs 114.35 crore (approximately $13 million) from Aavishkaar Capital, existing investor Beenext and the company’s co-founders Nilesh Dungarwal and Moiz Arsiwala. This is the first funding for the company in nearly 3 years since it raised $12 million in January 2023, led by SBI Holdings, Nintendo founding family and others. The board at WorkIndia passed a resolution to approve the issuance of 3,067 compulsory convertible preference shares and 100 equity shares at an issue price of Rs 2,27,369 each to raise Rs 72 crore, according to its filing with the Registrar of Companies (RoC). New investor Aavishkaar will join WorkIndia’s cap table with a Rs 50 crore investment, while existing backer BEENEXT will add Rs 22 crore. The company also approved a resolution to issue 1,869 partly paid-up CCPS worth Rs 42.35 crore to co-founders Nilesh Dungarwal and Moiz Arsiwala. With this, the total capital to be raised in the round stands at Rs 114.35 crore ($13 million). According to Entrackr’s estimates, the BEENEXT-backed company’s valuation is expected to surge over 35% to Rs 803 crore or $91.25 million from Rs 590 crore in its previous round. Co-founded by Kunal Patil, Nilesh Dungarwal, and Moiz Arsiwala, WorkIndia is a job platform focused on blue- and grey-collar workers, offering opportunities across 50 categories including tele-calling, field sales, delivery roles, and more. According to startup data platform TheKredible, WorkIndia has raised around $30 million to date from investors such as BEENEXT, Xiaomi, SBI Holdings, Insitor, and others. BEENEXT is the largest external shareholder, holding an 11.31% stake before this round, followed by Xiaomi at 7.3%. The co-founders collectively hold a 32.1% stake in the company. For the fiscal year ended March 2025, WorkIndia posted a 25% year-on-year increase in operating revenue to Rs 78.7 crore, while narrowing its losses by 25% to Rs 23.06 crore.

Related News

Exclusive: M2P Fintech to raise $80 Mn at $900 Mn valuation

EntrackrEntrackr · 1y ago
Exclusive: M2P Fintech to raise $80 Mn at $900 Mn valuation
Medial

Application programming interface (API) infrastructure platform M2P Fintech (formerly Yap) is in the final stage to raise a new round from new and existing investors, three sources aware of the details told Entrackr. The new round will come for the Bengaluru-based company after two and a half years. It raised $56 million in an equity round led by Insight Partners at a valuation of $650 million (post-money). “M2P is closing a $80 million new round of funding led by a new investor. Existing investors including Insight Partners are likely to join the round,” said one of the sources requesting anonymity. Sources assert that funding will be used to beef up tech infrastructure and accelerate growth pedal in India and overseas markets among others. For the uninitiated, M2P Fintech’s API enables businesses to offer their own branded financial services through partnerships with fintech companies while ensuring regulatory compliance. Apart from India, it operates in Nepal, UAE, Australia, New Zealand, the Philippines, Bahrain and Egypt among several other countries. “M2P will be valued at around $880 to $900 million (post-money) in the new round,” said another source requesting anonymity. “The company has already received the term sheet and the deal is set to be public soon.” Queries sent to M2P Fintech and Insight Partners did not elicit an immediate response. To strengthen its offerings, the Tiger Global-backed firm has acquired six companies to date including Goals101, Syntizen and BSG ITSOFT. According to startup data intelligence platform TheKredible, M2P has raised Rs 864 crore till date. Beenext is the largest stakeholder in the company with over 13% holding. Its co-founders Madhusudhan R, Muthukumar A and Prabhu R collectively own 34% of the firm. M2P is yet to disclose its FY24 numbers but its operating revenue surged 2.26X to Rs 440.7 crore in FY23 from Rs 194.74 crore in FY22. The growth triggered the firm’s losses by 3.35X to Rs 134.26 crore in FY23. M2P Fintech is a leader in the API infrastructure business which counts Setu, Signzy and Decentro as other key players.

Exclusive: FarMart set to raise $30-40 Mn in new round

EntrackrEntrackr · 17d ago
Exclusive: FarMart set to raise $30-40 Mn in new round
Medial

Exclusive: FarMart set to raise $30-40 Mn in new round B2B food supply startup FarMart is in advanced discussions to raise up to $40 million in a fresh funding round from new and existing investors. "FarMart has been in talks for this round for a while, and although discussions earlier were for a much larger raise, it is now close to being settled in the $35–40 million," said a source. Impact Fund Denmark and Greater Pacific are set to lead the round, while existing investors General Catalyst and Matrix Partners are also expected to participate. Earlier in April, FarMart raised $10 million in a mix of debt and equity. FarMart’s B2B platform digitizes the supply chain for agricultural inputs and produce by connecting nearby buyers and sellers, helping reduce logistics costs. It has built a strong retail presence across central and northern India, though its footprint in the southern states and Jammu & Kashmir remains limited. FarMart has so far raised more than $60 million, including its $32 million Series B round led by General Catalyst. The company’s operating revenue grew 30% year-on-year to Rs 1,341 crore in FY24, while it posted a net loss of Rs 68 crore. FarMart competes with Gramophone (now merged with Unnati), Agrim, Krishify, and several other players in the agri-supply ecosystem.

Exclusive: Waycool to raise $13 Mn debt from Grand Anicut

EntrackrEntrackr · 11m ago
Exclusive: Waycool to raise $13 Mn debt from Grand Anicut
Medial

Exclusive: Waycool to raise $13 Mn debt from Grand Anicut B2B food and agritech platform Waycool raises Rs 110 crore (approximately $13 million) in debt from Grand Anicut. This will be the second debt round for the Chennai-based company in the last four months. The board at Waycool has passed a special resolution to issue 1,100 non-convertible debentures at an issue price of Rs 1,00,000 each to raise Rs 100 crore or $13 million, its regulatory filing accessed from the Registrar of Companies shows. The debt investment will come with an annual coupon rate of 18% and a tenure of 18 months. In addition to the 18% interest, an additional 4% interest, mutually agreed upon by the company and the lender, will also be applied, according to the explanatory statement filed by the company. According to the filings, Waycool plans to use the funds for general corporate business purposes. These back-to-back loans with high interest rates indicate that the company is facing challenges in securing an equity round and urgently needs capital. Waycool has raised around $160 million in funding to date from Lightrock, International Finance Corporation, FMO, and 57 Stars, among others. It was also negotiating for more than $50 million which could have propelled its valuation in the range of $900 million to $1 billion. However, the talks did not go through. The firm was valued at $700 million in its last equity round. Founded by Karthik Jayaraman and Sanjay Dasari, Waycool buys fresh produce, including dairy products, from farmers and sells them to retailers and restaurants. It also runs private label brands and handles distribution for fast-moving consumer goods or FMCG companies. Waycool registered 62% growth in its operating revenue to Rs 1,251 crore in FY23 whereas losses of the firm surged 89% to Rs 685 crore during the same period. The company has yet to file its annual report for FY24.

Exclusive: Wow! Momo set to raise $8.5 Mn in ongoing round

EntrackrEntrackr · 2m ago
Exclusive: Wow! Momo set to raise $8.5 Mn in ongoing round
Medial

Wow! Momo set to raise $8.5 Mn in ongoing round Quick service restaurant chain Wow! Momo is raising Rs 75 crore (approximately $8.5 million) in its ongoing Series D round led by 360 ONE with the participation of Kyrush Investments. This fresh investment comes three months after the company secured Rs 85 crore in debt funding from Stride Ventures, crossing Rs 650 crore in cumulative funding under its Series D round. The board at Wow! Momo has passed a resolution to issue 7,837 Series D6 CCPS at an issue price of Rs 95,699 per share to raise Rs 75 crore, as shown by regulatory filings. 360 One will invest Rs 70 crore, while Kyrush Investments will put in Rs 4.99 crore. Wow! Momo is now valued at around $315-320 million post-money. The company plans to use the proceeds for capital expansion, working capital, and corporate purposes. 360 One Portfolio will hold a 2.53% stake, while Kyrush Investments will own 0.18%. Launched in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo operates over 700 outlets in 70 cities and owns brands such as Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. The company plans to expand its FMCG business to Rs 100 crore, grow its HORECA division, and scale to 1,500 stores across 100 cities in three years. According to TheKredible, Wow! Momo’s revenue grew 13% year-on-year to Rs 470 crore in FY24 from Rs 413 crore in FY23, maintaining steady losses at Rs 114 crore. The company is yet to reveal its FY25 numbers.

Exclusive: Stanza Living to raise $32 Mn from Accel, Motilal Oswal in down round

EntrackrEntrackr · 1m ago
Exclusive: Stanza Living to raise $32 Mn from Accel, Motilal Oswal in down round
Medial

Exclusive: Stanza Living to raise $32 Mn from Accel, Motilal Oswal in down round Managed accommodation provider Stanza Living is all set to raise Rs 282.76 crore (approximately $32 million) in its Series B round led by existing investor Accel with the participation of Motilal Oswal. Earlier in August 2025, Stanza Living raised Rs 60 crore in debt funding from Alteria Capital and Innoven Capital. The debt infusion was exclusively reported by Entrackr. The board at Stanza Living passed a resolution to approve the issue of 5,313 Series E CCPS at an issue price of Rs 5,32,205.8 each to raise the aforementioned amount, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Accel led the round with an investment of Rs 222.78 crore ($25.3 million), while Motilal Oswal is set to join the company’s cap table with Rs 60 crore ($6.8 million). The company has already received funds from Accel, while Motilal Oswal’s investment is expected shortly. According to Entrackr’s estimates, Stanza Living’s valuation has dropped by about 28% to around Rs 2,812 crore ($320 million), compared to its previous valuation of Rs 3,900 crore when it raised $13 million in May last year. Founded in 2017, Stanza Living is a managed accommodation platform that provides hassle-free housing solutions for students and young professionals relocating to new cities. The Delhi-based startup claims to manage over 75,000 beds across 24 cities in India. Prior to this round, Stanza Living has raised more than $240 million through multiple debt and equity rounds from investors including Alpha Wave, Peak XV Partners, Accel, and Z47, according to data from startup intelligence platform TheKredible. The Accel-backed company is yet to file its FY25 financials. In FY24, it reported operating revenue of Rs 584 crore and reduced its losses by 45% to Rs 273 crore during the year.

Download the medial app to read full posts, comements and news.