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50Fin raises $550K led by Arali Ventures and Nitin Gupta

EntrackrEntrackr · 1y ago
50Fin raises $550K led by Arali Ventures and Nitin Gupta
Medial

Fintech startup 50Fin has secured $550,000 in its latest funding round spearheaded by Arali Ventures and Nitin Gupta. Previously, it had secured Rs 4.25 crore ($500K) in a pre-seed funding round co-led by 100X.VC, Keynote Capital and Arun Venkatachalam. T in July last year. The new influx will help 50fin to fuel its expansion plans and technological advancements, the company said in a press release. The firm also looks to expand distribution and scale infrastructure offering to NBFCs. Co-founded in 2022 by Aditya Srinivas Prasad and Darpan Samir Tanna, 50Fin offers instant loans against mutual funds and shares to customers. The company has streamlined the entire loan process, completing everything from sign-up to loan approval in just 7 minutes and without the need for physical documents and CIBIL checks. 50Fin has cemented strategic partnerships with industry giants such as Fi Money and Bajaj Capital, offering LAS solutions to a diverse clientele. The company claims to have experienced exponential growth since the last funding round as its distribution capacity has surged by over six times.

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Exclusive: Anant Goel’s Handpickd raises fresh funds

EntrackrEntrackr · 1m ago
Exclusive: Anant Goel’s Handpickd raises fresh funds
Medial

Exclusive: Anant Goel’s Handpickd raises fresh funds Fresh produce startup Handpickd (formerly Sorted) is raising Rs 21.7 crore in an extended seed round led by Nitin Gupta and Genesia Ventures, with participation from BEENEXT and others. Fresh farm produce and supply chain startup Handpickd (previously Sorted) is raising Rs 21.7 crore in an extended seed round led by Nitin Gupta and Genesia Ventures with the participation of BEENEXT, Stargazer Ventures, Eximius Ventures, Sunrise Sunset Family Trust, and others. The Handpickd’s board passed a resolution to approve the issue of 10,547 Series Seed B CCPS at an issue price of Rs 20,566 to raise Rs 21.7 crore or around $2.5 million, according to recent filings accessed from March 2025 from the Registrar of Companies (RoC) shows. Nitin Gupta, Partner at GG Enterprises and Genesia Ventures, led the round with an investment of Rs 6.48 crore and Rs 6 crore, respectively, followed by existing investor BEENEXT, which is contributing Rs 2.16 crore. Sunrise Sunset Family Office will invest Rs 2 crore, while the remaining amount will be covered by Infinyte Club Angel Fund and Eximius Ventures, Stargazer Ventures and Ankit Agarwal. As per filings, the company has already received around Rs 10.16 crore, with the remaining amount expected to follow shortly. The Blume Venture-backed company will be valued at around Rs 300 crore or $35 million, according to Entrackr’s estimates. Founded by Anant Goel along with Nitin Gupta and Sahil Madan, Handpickd operates on a B2B2C model, delivering fresh fruits and vegetables through a tech-enabled supply chain. The company sources produce directly from local farmers and vendors, leveraging a network of micro-entrepreneurs for efficient last-mile delivery. According to startup data intelligence platform TheKredible, Handpickd has raised around $9 million from investors including BEENEXT, Blume Ventures, Kunal Bahl, Rohit Kumar Bansal. The company recorded over 2.3X year-on-year growth in operating revenue, rising to Rs 17.5 crore in FY24 from Rs 7.4 crore in FY23. Its losses remained flat at Rs 2.1 crore during the fiscal year ending March 2024. Handpickd competes with other farm-to-fork funded startups including Otipy ($49 million), Fraazo ($61 million), Deep Rooted ($20 million) which shut their operations. Handpickd also competes with Kareena Kapoor-backed startup Pluckk which is set to raise $10 million.

Atomgrid raises Rs 10 Cr in seed round led by Merak Ventures

EntrackrEntrackr · 1y ago
Atomgrid raises Rs 10 Cr in seed round led by Merak Ventures
Medial

Atomgrid, an R&D-first platform for contract development, manufacturing and sourcing of specialty chemicals, has raised Rs 10 crore (around $1.2 million) in its seed round led by Merak Ventures. The round also saw participation from Dexter Ventures, Upsparks, Point One Capital and UniCards’s founders Nitin Gupta and Prateek Jindal. The proceeds will be used to expand its in-house R&D infrastructure, increase global outreach, build a supply chain tech platform and hirings, the firm said in a press release. Founded by Lakshit Bansal, Siddharth Gupta and Pratik Chowdhury, Atomgrid is an R&D first platform for contract development, manufacturing and sourcing of specialty chemicals. The platform aims to empower Indian chemical manufacturers to establish a global footprint by solving critical challenges faced by them on R&D, global outreach, raw material sourcing and tech enablement. Atomgrid competes with 3one4 Capital-backd Scimplifi and Nexus-backed Covvalent. The investment in Atomgrid marks Merak’s third significant investment of the year. Previously, it invested in Farmtheory and Rupyz.

Nected raises $1.5 Mn led by Binny Bansal’s Three State Ventures

EntrackrEntrackr · 11m ago
Nected raises $1.5 Mn led by Binny Bansal’s Three State Ventures
Medial

Nected, a next-generation low-code platform, has raised $1.5 million in its seed round led by Binny Bansal’s Three State Ventures. The round saw participation from Endurance Capital, Relentless VC, Climber Capital, Lykke Capital, and Forward Slash Capital. Additionally, over 15 founders and CXOs participated in the round, including Nitin Gupta from PayU, Pallav Pandey from Uolo and Knowlarity, Archit Gupta from Clear, Tonmoy Shingal from Mettl, Ravi Bhushan from BrightCHAMPS, Akshay Saxena from Avanti Fellows, Puneet Kumar from Supr Daily (acquired by Swiggy), and Prashant Kumar from Unbxd. The proceeds will be used to enhance product usability, simplify integration, and scale operations to meet the growing demands of Nected’s user base, particularly on the international front. Founded by Prabhat Gupta and Mukul Bhati, Nected helps businesses overcome inefficiencies and inherent delays in traditional software development. It serves as a toolkit that provides pre-built tech building blocks such as rule engines, workflow automation, and A/B testing tools that saves companies time and money and keeps them from requiring additional technical expertise. The platform is currently used by over 20 customers spread across 5 countries. Prior to this, Prabhat Gupta co-founded TravelTriangle, an online travel marketplace while Mukul Bhati co-founded FastFox, a real-estate company, in 2015 and sold it to Elara Group (the parent company of Housing.com) in 2019.

Agentic AI startup Quash raises pre-seed round led by Arali Ventures

EntrackrEntrackr · 6m ago
Agentic AI startup Quash raises pre-seed round led by Arali Ventures
Medial

Bengaluru-based AI startup Quash has secured $635,000 in pre-seed funding led by Arali Ventures, with contributions from Java Capital, PeerCheque, DeVC by Matrix Partners, and Abhishek Goyal, co-founder of Tracxn. Quash is revolutionizing mobile app testing through autonomous QA agents that automate the entire testing lifecycle, from bug detection to resolution, eliminating the need for manual testers. This investment will accelerate Quash's development and deployment of AI-driven QA solutions, enhancing their AI QA platform, scaling the engineering team, and expanding community initiatives. Quash has launched Quash Report, an open-source bug reporting tool, and Appstronauts, a community for mobile developers, already in use by over 11 companies and hundreds of developers. Led by Ayush Shrivastava, Quash aims to modernize QA processes, allowing engineering teams to focus on innovation. By leveraging AI, Quash enhances the speed and accuracy of software releases, addressing inefficiencies in traditional QA workflows.

HealthCRED raises $1.2 Mn in seed round

EntrackrEntrackr · 11m ago
HealthCRED raises $1.2 Mn in seed round
Medial

B2B healthcare financing startup HealthCRED has raised $1.2 million in its seed round led by Antler India, TRTL VC, DeVC, iSeedVC and Angel List India. The round also saw participation from angel investors including Dr. Subho Ray (President, IAMAI), Nitin Gupta (CEO, Uni Cards), Amit Lakhotia (CEO, ParkPlus) and founders of InsuranceDekho and SEA-based Docquity. The proceeds will be used to enhance customer relationships and expand operations to the Southern and Western parts of the country. The firm will also hire fresh talents and develop B2B loan onboarding and loan management systems. Founded in 2022 by Shrey Jain and Arpit Jangir, HealthCRED provides swift, comprehensive, and adaptable financing solutions tailored for the healthcare sector. Delhi-based HealthCRED partners with hospitals, specialised healthcare service providers (HSPs across nephrology, oncology, and diagnostics), insurers, and pharmaceutical and consumable supply chain partners to deliver financing solutions.

Pod hotel startup Naptapgo raises pre-seed round led by IPV

EntrackrEntrackr · 2m ago
Pod hotel startup Naptapgo raises pre-seed round led by IPV
Medial

Pod hotel startup Naptapgo has raised Rs 2 crore ($233K) in its pre-seed round led by Inflection Point Ventures (IPV). The proceeds will be used to expand franchise development, marketing, and technology integration, enabling Naptapgo to scale across urban and religious hubs. Founded by Nitin Malhotra and Himanshu Shukla, the startup offers affordable, compact accommodations targeting budget-conscious travelers. Its unique model includes flexible check-ins, hourly stays, and AI-powered operational efficiency. The company claims to have achieved 65% direct bookings through its website and WhatsApp channel. Currently operating in NCR, Naptapgo plans to expand to Gurugram, Bengaluru, Mumbai, Katra, and Amritsar with a goal of 20 properties by FY27. Nitin Malhotra, previously with Texas Instruments and ST Microelectronics, and Himanshu Shukla, formerly with Chaayos and Jaypee Resorts, bring deep expertise in tech and hospitality to Naptapgo. Naptapgo recently received strategic backing from Balmer Lawrie and an endorsement from Anand Mahindra for its innovative approach to affordable hospitality.

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