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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).

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Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round

EntrackrEntrackr · 16d ago
Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round
Medial

Snippets Astrophel Aerospace raises Rs 6.84 Cr in pre-seed round Deep-tech space startup Astrophel Aerospace has raised Rs 6.84 crore (around $800K) in a pre-seed funding round from a group of angel investors and venture firms. The Pune-based startup will use the funds to build a prototype of its reusable semi-cryogenic launch vehicle and to expand in-house R&D efforts focused on building advanced missile-grade guidance and propulsion systems. Founded in 2022 by Suyash Bafna, Astrophel Aerospace is building cost-effective, reusable launch vehicles specifically tailored for small satellites. It operates on a vertically integrated model designing, engineering, and testing propulsion systems in-house. The firm’s Astra C1 series rockets are powered by in-house developed semi-cryogenic engines and built using a combination of 3D printing and modular assembly. Astrophel claims to be among a limited number of Indian private companies to have successfully test-fired a semi-cryogenic engine, and achieved this with just Rs 6 lakh in internal resources and no external funding before this round. It is now aiming for a working, reusable prototype within the next 2–3 years. The startup is building its flagship Potentia C1U engine using modular design and manufacturing principles adapted from the automotive sector. Astrophel has also signed an MoU with ISRO to support co-development and testing. In India, its key competitors include Skyroot Aerospace, Agnikul Cosmos, Bellatrix Aerospace and Pixxel among others.

Zee invests in Flutrr; Datazip, three others pocket early-stage cheques

VCCircleVCCircle · 9m ago
Zee invests in Flutrr; Datazip, three others pocket early-stage cheques
Medial

- Zee Akaash News Pvt. Ltd is investing Rs 3.75 crore in Flutrr Digimate Pvt. Ltd, a vernacular social media website and mobile app. - AI startup Wokelo has secured $4 million in seed funding from Array Ventures and KPMG Ventures. The funding will support the development of its technology that streamlines due diligence. - Data engineering startup Datazip raised $1 million in seed funding from Equirus Innovatex Fund. Their platform offers data ingestion, storage, transformation, and visualization solutions. - Social Hardware, a startup specializing in assistive devices and field robotics, raised Rs 3.2 crore in a seed round led by Inflection Point Ventures. - Onlygood.ai, a platform simplifying carbon management and sustainability reporting, raised Rs 4 crore in a seed funding round from IITMIC, Goel Group, and Daimler India Commercial Vehicles. The platform plans to expand its operations across India, the Middle East, and Europe.

Valyx bags $800K in pre-seed round

EntrackrEntrackr · 10m ago
Valyx bags $800K in pre-seed round
Medial

B2B financial management platform Valyx has raised $800K in its pre-seed funding round co-led by Huddle Ventures and Waveform Ventures. The round also saw participation from notable investors including Bharat Founders Fund and Propell Fund (LetsVenture’s in-house VC fund led by Shanti Mohan). The proceeds will be used towards attracting and onboarding new talent for its sales team, as well as expanding its engineering team to accelerate its product roadmap. Founded in late 2023, Valyx automates billing and receivables thus accelerating payments, expediting financial close, and improving cash flow for businesses. Its offerings include rate card management, usage-based billing, collections, cash application, reconciliation, dispute management and collaborative receivables tracking. Valyx helps finance and sales teams to concentrate on strengthening their relationships with buyers by automating these crucial but repetitive revenue and receivables operations. The startup claims to have processed more than Rs 200 crore in accounts receivable. Over the next two years, Valyx plans to build a full-stack AI-powered revenue management platform that includes B2B payments and financing.

Exclusive: Wify bags $2 million in pre-Series A round

EntrackrEntrackr · 1y ago
Exclusive: Wify bags $2 million in pre-Series A round
Medial

Construction and home improvement platform Wify has raised Rs 17.5 crore or $2.1 million in its pre-series A round led by Capria Ventures. This is the first round of investment for the Mumbai-based company this year. The board at Wify has passed a special resolution to issue 30,455 pre-series A CCPS at an issue price of Rs 5,747 each to raise Rs 17.5 crore, its regulatory filing accessed from RoC shows. Capria Ventures has poured Rs 8 crore while Duo Design and Optimistic Trading company pumped in Rs 3 crore and RS 1.5 crore, respectively. Existing investors Blume Ventures and Singularity Growth also participated with Rs 2 crore and Rs 3 crore each in the Pre Series A round.. Wify has secured $2 million in its last seed round in July 2022. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 128 crore (post-money) in its maiden financing round.. Founded in 2019 by Vikram Sharm and Deepanshu Goel, Wify is in the business of on-site installation and post-purchase services to businesses and brands. The four-year-old firm registered over two-fold year-on-year growth and posted Rs 24.47 crore revenue in FY23. Meanwhile, the losses for Wify stood at Rs 5.65 crore in the same period.

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