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Trampoline raises $5 Mn round led by Matrix and WaterBridge

EntrackrEntrackr · 1y ago
Trampoline raises $5 Mn round led by Matrix and WaterBridge
Medial

Trampoline, a cross-border B2B home décor brand, has raised $5 million in its seed round led by Matrix Partners India and WaterBridge Ventures, with participation from Alteria Capital with an additional $2 million in venture debt. The proceeds will be used to enable Trampoline to solidify its supply chain and sourcing capabilities, progress new product development and establish the early team. Founded in December 2023 by Abhik Ghosh, Anushka Mahanti and Varun Deo, From design to delivery, Trampoline promises a full stack experience. It offers toolkit with features like tailored curation, accretive payment arrangements, and no or low MOQs (minimum order quantities). Post its successful UK launch in February 2024, the startup claims to have seen significant demand across customers in the UK with over 1,500 units ordered in the first few months. Customers including independent retailers and interior designers have resonated with Trampoline’s mission to bridge the gap between their stores and manufacturers.

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Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round

EntrackrEntrackr · 1y ago
Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round
Medial

Wealthtech startup Stable Money has raised over Rs 123 crore nearly $15 million in a new round from RTP Capital, Lightspeed India, and Matrix Partner. The Bengaluru-based company has become one of the few startups to close two rounds within a year, especially during the so called funding winter. The board at Stable Money has passed a special resolution to issue 77,135 CCPS at price of Rs 16,019 each to raise Rs 123.56 crore or $14.74 million, its regulatory filing accessed from the Registrar of Companies (ROC) shows. RTP Capital led the round with Rs 54.26 crore ($6.5 million) while Lightspeed India and Matrix Partners India pumped in Rs 34.64 crore ($4.15 million) each in this round. In August 2023, Stable Money scooped up $5 million in its first equity fundraise led by Matrix Partners and Lightspeed. Titan Capital, Mar Shot Ventures and a clutch of prominent angel investors also participated in the round. As per startup data intelligence platform TheKredible, Stable Money will be valued at around $60 million post money. This is nearly four fold jump in valuation from $16.5 million in the last round. Founded in late 2022 by Saurabh Jain and Harish Reddy, Stable Money is building a fixed-return investment platform to provide financial consultation services to investors. The platform will also publish financial literacy content on its online platform to create awareness among investors. A clutch of wealthtech startups have managed to score decent funding in the ongoing calendar year. Recently Deserv raked in $32 million in its Series B round led by Premji Invest. In May, wealth management platform Wealthy raised $5.4 million in a new round led by Alpha Wave Incubation Fund.

CapGrid Solutions raises $5 Mn led by Anicut Capital

EntrackrEntrackr · 8m ago
CapGrid Solutions raises $5 Mn led by Anicut Capital
Medial

CapGrid Solutions raises $5 Mn led by Anicut Capital B2B manufacturing startup CapGrid Solutions has raised $5 million (around Rs 45 crore) in a funding round led by Anicut Growth Fund. The round also saw participation from existing investors Nexus Venture Partners and Axilor Ventures. Earlier in January 2023, CapGrid had raised $7 million led by Nexus Venture Partners. The round closed at a valuation of Rs 305 crore after the investment, according to an ET report. The proceeds will be used for global expansion and investments in technology to improve supply chain and operational efficiencies. Founded in 2020 by Tiwari and Himanshu Singh Raghuvanshi, CapGrid helps car part makers and suppliers by making it easier to find and buy the materials they need. It helps OEMs procure precision parts and components from suppliers that it has tied up with. CapGrid currently operates around 11 fulfilment centres and has 50 strategic supply manufacturing partners. The Gurugram-based startup claims to have recorded a revenue of around Rs 99 crore in the last fiscal year and expects to reach Rs 220 crore in FY25.

Wealthtech firm Dezerv raises $40 Mn led by Premji Invest and Accel

EntrackrEntrackr · 17d ago
Wealthtech firm Dezerv raises $40 Mn led by Premji Invest and Accel
Medial

Wealth tech platform Dezerv has raised Rs 350 crore (about $40 million) in a funding round co-led by Premji Invest and Accel’s Global Growth Fund. According to a Mint report, the round also saw participation from Elevation Capital and Z47 (formerly Matrix Partners India). Back in July last year, the Mumbai-based company had raised $32 million in a Series B round led by Premji Invest. Dezerv has raised around $100 million to date including its $7 million seed round co-led by Elevation and Matrix in September 2021. Dezerv also launched an Employee Stock Ownership Plan (ESOP) buyback program worth $5.3 million for both existing and current employees in March this year. Dezerv co-founder Sandeep Jethwani told the publication that the proceeds will be used to enhance the client experience, strengthen its technology stack, and expand investment offerings across multiple asset classes. The company plans to hire 200 additional relationship managers over the next 12 months. Dezerv offers portfolio management services to top-salaried and business individuals. It manages investment portfolios by leveraging in-house experts and claims to have delivered close to 30% returns to its users since its inception in April 2021. It operates in over 200 cities through offices in Mumbai, Delhi, Bengaluru, Hyderabad, and Pune. The company plans to leverage India’s account aggregator framework to offer more personalized solutions and expand its One Model platform to include assets like InvITs, REITs, and precious metals. According to Thekredible, Dezerv’s revenue from operations jumped to Rs 26.25 crore in FY24 from Rs 10.20 crore in FY23. It reported a 95.1% spike in its losses which stood at Rs 74.53 crore for FY24, as compared to Rs 38.20 crore in FY23.

Biomanufacturing startup Loopworm raises $3.25 Mn in pre-Series A round

EntrackrEntrackr · 4m ago
Biomanufacturing startup Loopworm raises $3.25 Mn in pre-Series A round
Medial

Biomanufacturing startup Loopworm raises $3.25 Mn in pre-Series A round Co-founded in 2019 by Ankit Alok Bagaria and Abhi Gawri, Loopworm is a biomanufacturing startup focused on sustainable protein production using farmed insects. Loopworm, a biomanufacturing company developing insect-derived proteins, has raised $3.25 million in a pre-Series A funding round. The round was co-led by WaterBridge Ventures, an existing investor, and ENRISSION INDIA CAPITAL, a Japanese venture capital firm. The Bengaluru-based company had previously raised $3.4 million in a seed funding round led by Omnivore and others. The proceeds will be allocated towards commercializing its recombinant protein production platform, targeting diagnostics, animal vaccines, and other applications with lower regulatory barriers, Loopworm said in a press release. Loopworm focuses on sustainable protein production using farmed insects. The company has commercialized insect-derived proteins and fats for aquaculture and pet nutrition and is now developing a novel reactor-free recombinant protein production platform using silkworms. Loopworm says it has developed a new approach to producing recombinant proteins—typically created by inserting genes into host organisms like yeast or bacteria to produce proteins of medical or industrial value. Its proprietary process bypasses this entirely by using silkworms as living factories to produce complex proteins, enabling faster, more cost-effective, and sustainable production. The company currently operates a state-of-the-art, 6,000-tonne-per-year insect processing facility in Bengaluru. It exports protein and oil from silkworms and other farmed insects to Europe, South America, and ASEAN countries for use in the aquaculture and pet food industries.

D2C skincare brand Foxtale raises $30 Mn

EntrackrEntrackr · 9m ago
D2C skincare brand Foxtale raises $30 Mn
Medial

Foxtale, a direct-to-consumer (D2C) skincare brand, has secured $30 million (approximately Rs 250 crore) in a funding round led by Japanese beauty products company Kose Corporation. Existing investors Z3Partners (formerly Matrix Partners India), Kae Capital, and Panthera Growth Partners also participated in this round. This marks Foxtale's second capital infusion within a year, following an $18 million round in June 2024. The company plans to utilize the fresh capital to expand its product range and enhance its online presence. Foxtale, founded by Romita Mazumdar in 2021, is an affordable skincare brand focused on products designed for Indian skin, targeting issues such as acne, aging, and hyperpigmentation. Its products are available on its website and various marketplaces, including Nykaa, Amazon, Blinkit, Flipkart, and Myntra. According to the company, 50% of its revenue comes from its website, 40% from online marketplaces and quick commerce platforms, and the remaining 10% from offline sales channels. Founder and CEO Mazumdar claimed that Foxtale is on track to surpass Rs 300 crore in gross revenue in the current fiscal year. Foxtale competes with well-established players like Sugar Cosmetics, WOW Skin Science, Plum, MamaEarth, Minimalist, and several others.

Emversity raises $5 Mn in pre-Series A round led by Lightspeed and Z47

EntrackrEntrackr · 6m ago
Emversity raises $5 Mn in pre-Series A round led by Lightspeed and Z47
Medial

Beyond Odds Technologies, the parent company of skill-training platform Emversity, has raised $5 million in its pre-Series A funding round led by Lightspeed and Z47, with participation from Alteria Capital and Innoven Capital. Vivek Sinha, the former Chief Operating Officer (COO) of Unacademy, launched Beyond Odds Technologies with an initial investment of $11 million in April 2024. The seed funding round was led by Matrix Partners India and Lightspeed. The company now operates across 36 campuses in 18 states. The platform focuses on building a skilled grey-collar workforce in key sectors such as healthcare, travel, and hospitality. It plans to expand to over 75 campuses by the end of the financial year. Under the Emversity School of Allied Health Sciences, students are trained for roles like nurses, paramedics, lab technicians, caregivers, and other healthcare positions. The recently introduced Emversity School of Hospitality has partnered with major hotel chains to provide training in food and beverage service, room operations, and culinary skills. Emversity integrates industry-based training into higher education. Its model includes employer-sponsored stipends and industry-designed curriculum to improve job readiness and accessibility. The company runs two programs – SMART and EDGE – offering vocational and honors degree options in partnership with higher education institutions. Both programs include training, internships, and job placements.

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