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Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV

EntrackrEntrackr · 5m ago
Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV
Medial

Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV Craft alcoholic beverage startup Feline Spirits has raised Rs 5.2 crore in a pre-Series A funding round led by Inflection Point Ventures (IPV). The proceeds will be used to expand the company’s portfolio and enter new markets. Founded by Prabhat Sharma and Rohit Saxena, Feline Spirits focuses on handcrafted vodka, whisky, and brandy in the premium and mass-premium segments, using authentic ingredients and transparent distilling practices. Feline Spirits is currently operational across eight states and union territories, with a customer base of over 20 lakh. In FY25, the brand claims to sell more than 4.1 lakh bottles (19,751 cases), generating Rs 25 crore in sales revenue. It has secured operating licenses in eight markets, including five government-owned and operated ones. With a gross profit margin of 55% in the premium segment, the platform aims to bridge the gap between low-quality mass-market products and high-priced international brands by offering affordable, premium spirits. According to market research, India’s spirits market is projected to reach $31 billion in 2024, growing at a CAGR of 6.51% through 2028. Globally, the market is expected to grow from $1.4 trillion in 2022 to $2 trillion by 2027.

91Trucks begins Series A round with 5.5X valuation surge

EntrackrEntrackr · 5m ago
91Trucks begins Series A round with 5.5X valuation surge
Medial

91Trucks, an online platform specializing in commercial vehicle listings, raised Rs 42.9 crore ($5 million) in its Series A round led by Arkam Ventures with the participation from Titan Capital and others. 91Trucks, an online platform specializing in commercial vehicle listings, raised Rs 42.9 crore ($5 million) in its Series A round led by Arkam Ventures through associate (Unitary Fund), with the participation from Titan Capital, Sparrow Capital, and Atrium Angels. 91Truck’s board has issued 2,247 Series A CCPS at an issue price of Rs 1,88,578 each to raise the aforementioned amount, its regulatory filings accessed from the Registrar of Companies (RoC) show. Arkam Ventures led the round with Rs 25.2 crore (approximately $3 million) followed by Titan Capital, which injected Rs 15 crore. Sparrow Capital and Atrium Angels also joined the round with Rs 1.73 crore and Rs 1 crore investment, respectively. The proceeds from this round will be utilized for capital expenditures, marketing, and general corporate purposes, the filings said. As per Entrackr’s estimates, the Gurugram-based company’s valuation has soared 5.5X to Rs 280 crore or $33 million (post-allotment of Series A round), compared to Rs 50.47 crore at the time of its seed round. Launched in 2022, 91Trucks offers information on new and used trucks, buses, and auto rickshaws—including prices, specs, comparisons, and dealer contacts. As per its website, it also runs five physical stores in Delhi-NCR and Meerut for affordable used vehicle purchases. Startup data platform TheKredible shows Arkam Ventures as the largest external shareholder in the company with a 9% stake, followed by Titan Capital (5.35%) and Sparrow Capital (4.94%). For the fiscal year ending in March 2024, 91Trucks reported Rs 10.11 crore revenue, compared to Rs 3.95 crore in FY23. Looking at the bottom line, its losses stood at less than Rs 1 crore. It’s yet to disclose FY25 numbers.

Exclusive: 91Trucks set to raise new round led by Arkam Ventures

EntrackrEntrackr · 8m ago
Exclusive: 91Trucks set to raise new round led by Arkam Ventures
Medial

Exclusive: 91Trucks set to raise new round led by Arkam Ventures 91Trucks, an online platform specializing in commercial vehicle listings, is all set to raise a new round to the tune of Rs 30-35 crore ($3.5-4 million), according to sources aware of the development. Arkam Ventures is leading a Rs 30-35 crore funding round in 91Trucks, with some existing investors expected to participate, according to a source. "The terms of the deal have been finalized, and an official announcement is expected soon.” Founded in 2022 by Abhishek Gautam, Siddharth Sharma, and Vikas Sharma, 91Trucks is a Gurugram-based platform that provides reviews, specifications, and customer ratings for trucks, buses, and three-wheelers, helping users make informed purchasing decisions. It works closely with automotive manufacturers, dealers, banks, and NBFCs to offer IT solutions and financing options. In May 2024, 91Trucks secured seed funding from investors including Titan Capital, Atrium Angels, and Sparrow Capital. However, the company did not announce the fundraise in the media. As per sources, 91Trucks may get a $15-20 million valuation post money. 91Trucks declined to comment on the story, while queries sent to Arkam Ventures did not elicit a response until the time of publication. According to startup data intelligence platform TheKredible, Titan Capital is the largest external shareholder in the company with a 5.78% stake, followed by Sparrow Capital with 4.72%. For the fiscal year ending in March 2024, 91Trucks reported Rs 10.11 crore revenue against Rs 3.95 crore in FY23. During the last fiscal year, its losses stood at less than Rs 1 crore. Arkam Ventures, which backed companies like Jar, Kreditbee, Jai-Kisan, Jumbotail, and Signzy through its first fund, introduced its second fund of $180 million in June 2023, with plans to invest in around 20 early-stage startups.

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