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Solar platform Aerem Solutions raises $15 Mn in pre-Series B

EntrackrEntrackr · 25d ago
Solar platform Aerem Solutions raises $15 Mn in pre-Series B
Medial

Solar platform Aerem Solutions raises $15 Mn in pre-Series B Distributed solar platform Aerem Solutions has raised $15 million (Rs 136 crore) in a pre-Series B funding round led by SMBC Asia Rising Fund, the venture arm of Sumitomo Mitsui Banking Corporation (SMBC). Existing investors British International Investment (BII), UTEC, Blume Ventures, Avaana Capital, Riverwalk Holdings, and SE Ventures (Schneider Electric) also participated in the round. With this infusion, Aerem’s total funding has reached approximately $34.5 million. Prior to the current round, the Mumbai-based startup had raised Rs 100 crore (around $11.7 million) in April last year, led by UTEC. In 2023, it had raised $5 million in an earlier funding round led by Avaana Capital. The fresh capital will be used to expand Aerem’s pan-India footprint, strengthen its EPC and installer partner network, and drive solar adoption among MSMEs and residential customers. The company also plans to invest in improving affordability, execution quality, and post-installation performance visibility. Founded in 2021, Aerem operates a full-stack platform for distributed solar adoption in India, integrating solar financing, an equipment marketplace, and a technology layer spanning system design, procurement, financing, and asset monitoring. It primarily serves MSMEs, homeowners, EPCs, and financial institutions. To date, Aerem claims to have enabled over 1,200 MW of solar capacity and financed more than 2,000 projects across the country. The company works with over 3,200 installation partners across 150 cities in India.

Easy Home Finance raises $30 Mn in Series C led by Investcorp

EntrackrEntrackr · 18d ago
Easy Home Finance raises $30 Mn in Series C led by Investcorp
Medial

Mumbai-based home loan lender Easy Home Finance has raised $30 million in its Series C round led by Investcorp, with participation from existing investors Claypond Capital and SMBC Asia Fund. With this round, the company’s total funding has reached around $130 million. The proceeds will be used to expand into new markets, strengthen its technology platform, and scale its distribution network. It plans to grow its loan book and deepen its presence beyond major cities as demand for affordable housing finance continues to rise. Founded in 2017, Easy Home Finance provides tech-led home loans with a focus on faster approvals and lower paperwork. The firm primarily serves middle-income borrowers, offering mortgage-backed loans through a largely digital process. The Mumbai-based firm last raised a $35 million round led by Ranjan Pai’s family office, Claypond Capital, and Sumitomo Mitsui Banking Corporation’s Asia Rising Fund in November 2024. Prior to this, it also bagged $15 million in a Series A round led by Xponentia Capital in 2021.

Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round

EntrackrEntrackr · 1y ago
Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round
Medial

Sportstech startup Stupa Sports Analytics has raised Rs 28 crore in its pre-Series A round led by Centre Court Capital and PeerCapital. Earlier to this pre-Series A round, Stupa had raised Rs 7.5 crore in seed and pre-seed funding. The proceeds will be used to fuel its talent acquisition, global expansion, and product enhancement initiatives. The latest fund pool will also be deployed to attract top AI/ML and engineering talent to build advanced solutions. The fund will also power Stupa’s ambitions to expand globally into markets like the US, UK, Australia, and the Middle East while expanding its existing presence in regions like Europe and Asia. Founded by Megha Gambhir, Stupa Sports Analytics offers a comprehensive suite of AI-driven solutions for advanced analytics of player performance data, broadcasting capabilities and sports digitization tools for athletes, sports federations, broadcasters and fan communities worldwide. Stupa claims to have established over 15 strategic partnerships with key governing bodies and sports federations, primarily in Europe.

Exclusive: Nandan Nilekani’s Fundamentum leads Olyv’s $23 Mn Series C round

EntrackrEntrackr · 6d ago
Exclusive: Nandan Nilekani’s Fundamentum leads Olyv’s $23 Mn Series C round
Medial

url: https://entrackr.com/exclusive/exclusive-nandan-nilekanis-fundamentum-leads-olyvs-23-mn-series-c-round-11090810 Content: Personal lending platform Olyv, formerly known as SmartCoin, has raised Rs 207 crore (around $23 million) in its Series C funding round led by Fundamentum Partnership Fund, with participation from SMBC Asia. The board of Olyv has passed a resolution to allot 10 equity shares and 88,265 Series C compulsorily convertible preference shares at an issue price of Rs 23,506 each to raise the total amount, regulatory filings accessed by Entrackr from the Registrar of Companies (RoC) show. Fundamentum Partnership led the round with an investment of Rs 120 crore (approximately $13.3 million), while SMBC Asia Rising Fund participated with Rs 87.5 crore. According to the filings, the company plans to utilise the proceeds for general corporate purposes. As per Entrackr’s estimates, Olyv is valued at around Rs 1,045 crore, or nearly $117 million, post-money. Following the fresh capital infusion, Lightrock remains the largest external shareholder with a 22.43% stake in the company. The new investor, Fundamentum Partnership Fund, holds an 11.48% stake, while SMBC Asia Rising Fund and 01VC Poseidon Fund own 8.37% and 4.95%, respectively. The company’s co-founders, Rohit Garg, Jayant Upadhyay, Vinay Kumar Singh, and Amit Chandel, collectively hold a 28.48% stake in the company. Founded in 2015, Olyv operates as an online lending marketplace through its website and mobile application. The platform connects borrowers and lenders, offering unsecured loans digitally. The startup’s product portfolio primarily includes small-ticket personal loans catering to micro-merchants, self-employed individuals, small retailers, blue- and grey-collar workers, as well as salaried professionals. For the fiscal year ended March 2025 (FY25), Olyv’s revenue from operations grew 36% year-on-year to Rs 338 crore, compared to Rs 249 crore in FY24. During the same period, the company’s profits more than doubled to Rs 26 crore.

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