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Reliance and SoftBank-backed Netradyne raises $90 Mn in Series D

EntrackrEntrackr · 1y ago
Reliance and SoftBank-backed Netradyne raises $90 Mn in Series D
Medial

Netradyne, a SaaS provider of artificial intelligence (AI) and edge computing, has raised a $90 million Series D round led by Point72 Private Investments, with participation from Qualcomm Ventures and Pavilion Capital. The capital infusion will accelerate the company’s growth trajectory through strategic investment in R&D, enhanced go-to-market initiatives, and global expansion, Netradyne said in a press release. Founded in 2015 by Avneesh Agrawal (CEO) and David Julian (CTO), Netradyne provides AI-powered fleet safety and video telematics solutions. Headquartered in San Diego, California, with offices in San Francisco and Bangalore, India, Netradyne serves customers across the United States, Canada, Mexico, Germany, the U.K., Australia, New Zealand, and India.

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Nutrition brand Ace Blend raises $3.3 Mn led by Fireside Ventures

EntrackrEntrackr · 5m ago
Nutrition brand Ace Blend raises $3.3 Mn led by Fireside Ventures
Medial

Nutrition brand Ace Blend has raised $3.3 million in pre-Series A funding round led by consumer-focused venture capital firm Fireside Ventures. Co-founded in 2018 by Shivam Hingorani and Saif Mekhri, Ace Blend weeds out the problems of products with low efficacy and unsubstantiated claims. According to Ace Blend, it has been revamping India's supplement landscape, backed by over 25 years of global expertise from a leading R&D and product design giant in their vertical integration. "We're not here to sell hope in a bottle," said Shivam. "Our mission is to deliver real results. With Fireside's backing and the best global R&D muscle behind us, we're ready to scale and show the country what real nutrition looks like.” The Mumbai-based company focuses on developing natural health products designed to enhance daily living. Its product line includes protein powders, functional drinks, and other supplements, with a focus on using high-quality, globally sourced ingredients. According to Ace Blend, its revenue has surged from Rs 1.9 crore to a projected Rs 55 crore in just three years. Fireside Ventures has backed companies like MamaEarth, BoAT, and more than 40 brands in its portfolio across different consumer domains.

Juspay raises $50 Mn from WestBridge Capital at $1.2 Bn valuation

EntrackrEntrackr · 9d ago
Juspay raises $50 Mn from WestBridge Capital at $1.2 Bn valuation
Medial

Juspay raises $50 Mn from WestBridge Capital at $1.2 Bn valuation Bengaluru-based payments infrastructure firm Juspay has raised $50 million in a Series D follow-on round from WestBridge Capital through a mix of primary and secondary transactions. Avendus Capital acted as the financial advisor to Juspay on this transaction. Juspay said the latest funding round pegged its valuation at $1.2 billion, compared to around $900 million in the previous round. With this, the company has become the first unicorn of 2026. The primary capital will be used to support global expansion and product development, while the secondary portion will provide partial liquidity to early investors and employees holding ESOPs. This is the second liquidity event facilitated by the company in the past year. The fundraise follows continued operational growth. Juspay said its annualised total payment volume (TPV) has crossed $1 trillion, with the platform processing over 300 million transactions daily. The company serves enterprises and banks across sectors such as ecommerce, travel, food delivery, insurance and financial services, and has expanded its presence across Asia-Pacific, the Middle East, Latin America, Europe, the UK and North America. Founded in 2012, Juspay builds payments infrastructure with a focus on open-source, interoperable and modular systems. Its offerings include payment orchestration, authentication, tokenisation and core payments infrastructure for banks. The company is also investing in artificial intelligence-driven tools aimed at improving merchant experience and internal operations. The latest round adds to Juspay’s recent funding history. In April 2025, the company raised $60 million in a Series D round led by Kedaara Capital, with participation from SoftBank and Accel. That round also included a secondary component. Earlier, in December 2021, Juspay raised $60 million in a Series C round led by SoftBank Vision Fund 2, with participation from Wellington Management and VEF, at an estimated valuation of about $460 million. Prior to that, the company raised a Series B round in 2020 led by VEF, following its early institutional backing from Accel in 2016. Headquartered in Bengaluru, Juspay works with over 500 enterprises and banks globally and operates with a distributed workforce of more than 1,500 employees across India, the US, Europe, Latin America, Southeast Asia and the Middle East. For the fiscal year ended March 2025, Juspay reported operating revenue of Rs 540 crore and a profit of Rs 62.28 crore.

Fibe raises $35 Mn in Series F round led by IFC

EntrackrEntrackr · 1m ago
Fibe raises $35 Mn in Series F round led by IFC
Medial

Consumer lending company Fibe has raised $35 million in Series F funding round led by International Finance Corporation (IFC), a member of the World Bank Group. To date, the company has raised over $266 million in equity (including secondaries) and is backed by prominent investors including TPG’s The Rise Fund, Norwest Venture Partners, Eight Roads Ventures, TR Capital, Piramal Finance, and Chiratae Ventures. The firm closed its $90 million Series E round in June 2024 and $110 million Series D in August 2022. Its lending arm EarlySalary recently received Rs 250 crore ($26.5 million) through non-convertible debentures (NCDs) from a clutch of investors including AK Capital Finance, Franklin Templeton AIF, and Vivriti Alpha. The fresh proceeds will be used to enhance our product suite further and deliver a unified experience across borrowing, saving, investing, and payments while remaining focused on responsible credit and positive socio-economic outcomes, Fibe said in a press release. Co-founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe offers a broad suite of products including personal loans, long-term loans, loans against mutual funds, digital fixed deposits, and sector-focused impact loans spanning healthcare, education, and solar rooftop installations. Fibe claims that it has facilitated more than 9 million loans to date making it a major fintech player in healthcare and education financing. It has expanded its footprint to more than 940 cities across India, deepening access through technology-led outreach and scaling its lending portfolio with over 8,500 partner centers, and more than 50 channel partners. The company is yet to file its FY25 numbers. During the fiscal year ended March 2024, its consolidated revenue surged 2X to Rs 812 crore from Rs 392 crore in FY23. At the same time, profits for the company spiked 18X to Rs 101 crore in FY24, compared to Rs 5.4 crore in FY23.

Specialty chemicals startup Atomgrid raises $7 Mn in pre-Series A

EntrackrEntrackr · 19d ago
Specialty chemicals startup Atomgrid raises $7 Mn in pre-Series A
Medial

Bengaluru-based specialty chemicals startup Atomgrid has raised $7 million in a pre-Series A round through a mix of equity and debt. The equity portion of the round was led by A99, with participation from Sadev Ventures, CDM Capital, and existing investor Merak Ventures. Alongside equity, the firm has secured venture debt from Trifecta, SIDBI, and RevX. Prior to this, Atomgrid had raised $1.25 million in May last year. The proceeds will be used to expand its international presence and accelerate product development. Founded by Siddharth Gupta and Lakshit Bansal, Atomgrid operates as a full-stack specialty chemicals platform focused on integrating the value chain through distribution, R&D, and proprietary product development. Atomgrid currently derives over 50% of its revenue from exports and works with more than 150 active customers across 15 countries. Over the last 18 months, the startup has completed two funding rounds and is targeting nearly threefold revenue growth in FY26 compared to FY25. Atomgrid competes with 3one4 Capital-backed Scimplifi and Nexus-backed Covvalent.

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