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House of Chikankari bags Rs 4 Cr in seed round

EntrackrEntrackr · 6m ago
House of Chikankari bags Rs 4 Cr in seed round
Medial

House of Chikankari, a Delhi-based artisanal-led ethnic wear D2C brand, has raised Rs 4 crore in its seed round from angel investors and micro-VC funds, including Tudip Ventures, Peyush Bansal (Lenskart), Manoj Meena (Atomberg), Ankit Nagori (Curefoods), Hitesh Dhingra (The Man Company), Alluvium Capital, and Aurinko Partners. The proceeds will be used to expand marketing efforts, grow the team, and scale the business to Rs 100 crore in revenue. Founded by Aakriti Rawal and Poonam Rawal, the brand bridges the gap between traditional craftsmanship and contemporary design. Currently fulfilling around 15,000 monthly products, House of Chikankari generates 85% of its revenue through its D2C website. It is also present on marketplaces such as Nykaa, Myntra, Flipkart, Amazon, and Ajio, with plans to expand internationally to platforms like Noon and Styli. According to the company, 30% of House of Chikankari’s revenue will come from crafts beyond Chikankari in 2025. Over the last four years, House of Chikankari has collaborated with over 10,000 artisans across India. Featured on Shark Tank India Season 2, the brand is backed by angel investors such as Aman Gupta (boAt Lifestyle) and Peyush Bansal (Lenskart).

Foodtech startup Fambo raises Rs 21 Cr in pre-Series A funding

EntrackrEntrackr · 6m ago
Foodtech startup Fambo raises Rs 21 Cr in pre-Series A funding
Medial

Foodtech startup Fambo has raised Rs 21 crore ($2.5 million) in a pre-Series A funding round led by EV2 Ventures, with participation from Rajesh Sawhney and several Ultra High Net Worth Individuals (UHNIs). The proceeds will be utilized to scale its operations across India, establish an export vertical, invest in technology, and grow its network of partner farms, Fambo said in a press release. Co-founded in 2022 by Akshay Tripathi and Sudarshan Satle, Fambo is a foodtech startup aiming to transform food systems through technology. With its AI-enabled platform, the company ensures traceability of fresh produce from farms to restaurants, adhering to food safety standards such as GAP, FSSAI, ISO, and NSF. The company’s product portfolio includes fresh produce, sauces, gravies, frozen items, and fried products, catering to diverse customer needs. The Noida-based startup connects farmers directly with restaurants, hotels, and cloud kitchens through its AI-enabled platform, ensuring fresh produce, minimizing waste, and maintaining quality. The company operates a state-of-the-art micro-processing center, offering semi-processed food items to help food service businesses reduce costs, ensure consistency, and streamline operations.

KisaanSay raises $2 Mn in pre-seed round led by Jungle Ventures

EntrackrEntrackr · 6m ago
KisaanSay raises $2 Mn in pre-seed round led by Jungle Ventures
Medial

KisaanSay, a cross-category direct-from-origin food brand, has raised $2 million in its pre-seed round led by Jungle Ventures through First Cheque@Jungle. The round also saw participation from senior leaders in the food industry. The proceeds will be used to strengthen KisaanSay’s marketing efforts, build team, and scale its operations, focusing on expanding the company’s product portfolio and distribution footprint. Founded by Nitin Puri, Manoj Karki, and Vaishali Mehta, KisaanSay bridges the gap between farmers and consumers by placing provenance. The brand partners with farmer collectives in natural farming clusters across mountain valleys, forests, tribal areas, and drylands, ensuring each product is grown, minimally processed, and packaged at its origin. With a portfolio of over 80 products spanning 12 categories, KisaanSay operates through a unique co-brand and co-profit partnership model with 20 farmer collectives representing more than 50,000 farmers. Its omnichannel distribution spans e-commerce platforms, its own direct-to-consumer channel, and retail stores in Delhi NCR.

Exclusive: A91 Partners backs Rare Rabbit in new round

EntrackrEntrackr · 5m ago
Exclusive: A91 Partners backs Rare Rabbit in new round
Medial

New-age fashion brand House of Rare (Rare Rabbit) has secured Rs 50 crore (approximately $6 million) from its existing investor, A91 Partners. This fresh funding comes just seven months after its $18 million round. The board at House of Rare has passed a special resolution to allot 23,073 preference shares at an issue price of Rs 21,670 each to raise Rs 50 crore (approximately $6 million), its regulatory filing sourced from the Registrar of Companies shows. In January, the company raised its authorized share capital, citing the need for funds to support expansion and working capital requirements, according to a separate resolution. Following the fresh process, A91 Partners' stake in the company has been increased to 14.17% compared to 9.65% in its previous round. According to Entrackr's estimates, the funding came at a flat valuation of $279 million for the Bengaluru-based company. Rare Rabbit is a premium fashion brand known for its designer clothing for men and women. With a presence in over 100 stores across India, the brand also offers its collections through its online store. Rare Rabbit showcased a 69% revenue growth from Rs 376 crore in FY23 to Rs 636 crore in FY24. Moreover, the company's profits surged over 2X to Rs 74.6 crore in FY24, compared to Rs 32.2 crore in FY23. Rare Rabbit competes with brands like Souled Store, which raised around $30 million and achieved a revenue of Rs 355 crore in FY24. Its other competitors Snitch and WROGN also raised $13 million and $15 million in December 2023 and June respectively.

Aeravti Ventures leads $1 Mn round in Origin Fresh

EntrackrEntrackr · 5m ago
Aeravti Ventures leads $1 Mn round in Origin Fresh
Medial

Snippets Aeravti Ventures leads $1 Mn round in Origin Fresh Fresh produce brand Origin Fresh has secured $1 million in a pre-seed funding round led by Aeravti Ventures, with participation from a group of Ultra HNIs. New Update Fresh produce brand Origin Fresh has secured $1 million in a pre-seed funding round led by Aeravti Ventures, with participation from a group of Ultra HNIs. The fresh funds will be utilized to enhance the delivery network and support the development of cutting-edge infrastructure, Origin Fresh said in a press release. Co-founded in 2020 by Prashanth Vasan and Sidharth Raveendran, Origin Fresh delivers farm-fresh, untouched produce directly to customers' doorsteps, eliminating middlemen to offer unbeatable prices and uncompromising quality. The startup is committed to encouraging consumers to prioritize freshness and quality over speed, fostering a thoughtful approach to meal planning and healthy living. According to the Bengaluru-based company, by delivering farm-fresh, high-quality produce, it aims to enhance culinary experiences and promote overall well-being, inspiring a movement that celebrates the richness and nourishment of fresh produce. The brand promises delivery from farm to home within 12 hours. Origin Fresh claims that it has surpassed 5,000 orders within the first 40 days of launch, with over 60% of customers placing repeat orders within two weeks. The company has earned strong trust for its quality and freshness. It focuses exclusively on fresh produce and has carved a niche among health-conscious consumers, boasting an extensive catalog of over 250 items, including a wide range of exotic options.

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