🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Ajinkya Rahane invests in Proxgy’s Series A round
Entrackr
·
7m ago
Medial
Snippets Ajinkya Rahane invests in Proxgy’s Series A round Proxgy, an IoT innovator specializing in safety, connectivity, and productivity solutions, has received funding from Indian cricketer Ajinkya Rahane in its ongoing $3 million Shashank Pathak 25 Dec 2024 11:59 IST Follow Us New Update Proxgy, an IoT innovator specializing in safety, connectivity, and productivity solutions, has received funding from Indian cricketer Ajinkya Rahane in its ongoing $3 million Series A funding round. Other key investors in the round include Nikhil Kamath, Suniel Shetty, Vinod Duggar, and Manish Patel. Entrackr had exclusively reported the Series A round in September, 2024. The Gurugram-based company has also raised Rs 16 crore ($2 million) in a pre-series A round led by LetsVenture, Planify Angel Fund, Mach Tech Fund, and others in October last year. The new proceeds will be used to scale operations, expand Proxgy’s product offerings, and strengthen its international presence. Founded by Pulkit Ahuja in 2020, Proxgy is focused on developing innovative IoT-based solutions. The company also offers smart wearables and safety products designed to enhance workplace safety and efficiency, particularly for blue-collar workers. The Gurugram-based company has represented India globally, winning the European Product Design Award, Most Innovative Product at CES Las Vegas, and Most Promising Start-Up at GITEX Africa. The firm claims to have reported a 800% revenue growth in FY24, with a Rs 50 crore order book. Advertisment Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here. Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news Subscribe Now Related Articles LIVE RBI permits third-party UPI apps to process payments from PPI wallets LIVE Leanworx raises seed round led by YourNest Venture LIVE Razorpay grants ESOPs worth Rs 1 lakh to all current employees LIVE OYO completes acquisition of G6 Hospitality LIVE Cornerstone Ventures bags $100 Mn exit from Intelligence Node Read the Next Article
View Source
Related News
Leanworx, Proxgy secure early-stage funding to fuel expansion
VCCircle
·
7m ago
Medial
Real-time data monitoring startup Leanworx has raised INR 8.3 crore in seed funding, led by YourNest Venture Capital, to scale marketing efforts in India and Southeast Asia and advance product development. Proxgy, a company specializing in IoT solutions, has secured funding in its ongoing Series A round. The funds will be used to scale operations, expand product offerings, and strengthen its presence overseas. Investors in Proxgy include Indian cricketer Ajinkya Rahane, entrepreneur Nikhil Kamath, and Bollywood actor Suniel Shetty.
View Source
Hudle raises Rs 7 Cr in pre-Series A round
Entrackr
·
1y ago
Medial
Sportstech platform Hudle has raised Rs 7 crore in its pre-Series A round led by Inflection Point Ventures and Sky Impact Capital. The round also saw participation from Survam Partners and Anay Ventures. The proceeds will be used for footprint expansion, product enhancements and marketing efforts, the company said in a press release. Founded by Suhail Narain, Arjun Singh Verma and Sonam Taneja, Hudle is a sports tech platform catering to the preventive healthcare market. It helps sports and fitness enthusiasts to discover venues in their hyper local markets, book sports activities and connect with like-minded individuals to form communities. Backed by brand ambassadors like Ajinkya Rahane, Hudle claims to have facilitated over one lakh games per month across 1,300 venues in 60 cities. It has an engaged community of over five Lakh players. Last month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round and fintech mobility startup Pumpumpum. Its recent investments include BonV Aero, AllTrak, and Onedioss, among others. According to data intelligence platform TheKredible, Inflection Point Ventures emerged as the most active investors in Q1 2024 with 11 investments. Blume Ventures, Venture Catalysts and Fireside Ventures were next on the list.
View Source
Off the field: MS Dhoni, Sachin Tendulkar, Virat Kohli, other cricketers start up a different game
Economic Times
·
11m ago
Medial
Indian cricketers are increasingly looking beyond traditional endorsements and investing in equity deals and new ventures. MS Dhoni has acquired a stake in jewellery maker Bluestone, Sachin Tendulkar's sports shoe startup is backed by venture fund Peak XV Partners, and Yuvraj Singh has invested in sports athleisure firm Agilitas Sports. Current players like Virat Kohli, Rohit Sharma, and Hardik Pandya are also active investors. This trend reflects changing consumer expectations and the growing demand for sports goods and health products in India. Personalities like Sourav Ganguly, Ajinkya Rahane, Gautam Gambhir, Shikhar Dhawan, and KL Rahul are also involved in partnership deals and new business ventures.
View Source
Aviation veteran Rakesh Gangwal invests $20 mn in Zetwerk
VCCircle
·
1y ago
Medial
Rakesh Gangwal, co-founder of IndiGo and former CEO of US Airways Group, has invested $20 million in Bengaluru-based manufacturing startup Zetwerk. Gangwal made the investment through Wheelhouse Venture Capital in a flat round that values Zetwerk at nearly $2.8 billion. The funding comes after Zetwerk raised $120 million in a Series F round led by Avenir Growth Capital. Zetwerk has reported significant revenue growth, doubling its operating income to INR 11,449 crore ($1.5 billion) in the previous financial year.
View Source
Nikhil Kamath's Gruhas, others invests in Hospitality startup Quorum Club
IndianStartupNews
·
1y ago
Medial
Gruhas, a firm co-founded by Nikhil Kamath and Abhijeet Pai, has led a pre-Series A funding round for lifestyle hospitality brand Quorum Club. The investment amount has not been disclosed. Quorum Club, a subscription-based members-only hospitality brand, plans to expand across India, targeting cities like Bengaluru, Goa, and Delhi. The brand aims to diversify its membership base, which currently stands at around 2,800, and has seen significant financial growth in recent years. Other shareholders participating in the funding round include Alok Oberoi, Sabre Advisors, and Sattva Group.
View Source
Exclusive: Fireside invests in lab grown jewellery brand Aukera
Entrackr
·
1y ago
Medial
Lab-grown jewellery brand Aukera has raised Rs 26.7 crore (approximately $3.2 million) in its Series A round led by Fireside Ventures. This is the first institutional investment for a year-old omnichannel brand, which mostly deals in diamonds. The board at Aukera Jewellery has passed a special resolution to issue 10 equity and 8,155 Series A CCPS at an issue price of Rs 32,713 each to raise Rs 26.7 crore, its regulatory filing sourced from the Registrar of Companies (RoC) shows. Fireside Ventures spearheaded the Series A round with Rs 23.75 crore while Sparrow Capital and Eternal Emerging Enterprises participated with Rs 1.39 crore and 1.57 crore, respectively. The company will use these funds for expansion and general corporate business, as decided by the board, the filing further added. As per TheKredible’s estimates, the company has been valued at around Rs 124 crore or $15 million post-allotment. This round appears to be an ongoing one and it may raise more capital. Following the fresh proceeds, Fireside Ventures holds a significant 19.20% stake in the company while Sparrow Capital and Eternal Enterprises will command 7.59% and 5.89% of Aukera Jewellery. With the fundraise, the company has also expanded its employee stock options pool with addition of 1,180 options. At present, its total ESOP pool consists of 1,896 options. According to TheKredible estimates, Aukera’s overall ESOP pool is worth Rs 6.20 crore. Founded in 2023, Aukera is a women-centric jewellery brand that offers lab-grown diamond jewellery in white, rose, yellow gold, and platinum. It sells its products through its website and has 2 stores in Bengaluru. The Bengaluru-based firm competes with a clutch of firms including Fiona Diamonds, Limelight Lab Grown Diamonds, and Jewelbox. Aditya Birla-backed GIVA also offers a lab-grown diamond jewellery line.
View Source
MENA Digest: Eyewa led fundraising; VC firm Flat6Labs invests in 10 Saudi startups
VCCircle
·
8m ago
Medial
UAE-based eyewear retailer Eyewa raised $100 million in a Series C funding round led by General Atlantic. The company plans to open a production facility in Riyadh. Saudi Arabian cybersecurity startup Cipher raised $13.3 million in a pre-IPO funding round. Egypt-based online marketplace for used cars Sylndr secured a $7.46 million working capital facility. Flat6Labs, a venture capital firm, invested in 10 Saudi startups for its fourth Riyadh Seed Programme. The investments span sectors including transportation, e-commerce, logistics, cybersecurity, SaaS, consumer tech, and talent acquisition.
View Source
Deepika Padukone invests in coffee chain Blue Tokai
Money Control
·
1y ago
Medial
Actress Deepika Padukone has made an investment in Blue Tokai Coffee Roasters, a homegrown coffee brand. The amount of the investment has not been disclosed, but it is part of Blue Tokai's extended Series B round, which raised $30 million earlier this year. Padukone joins other investors in the company, and Blue Tokai plans to use the funds to expand its business, introduce new products, and increase its global presence. This investment adds to Padukone's diverse portfolio of Indian startups.
View Source
PE firm ValueQuest invests in furniture rental platform
VCCircle
·
1y ago
Medial
Private equity firm ValueQuest has invested in Rentomojo, a furniture and appliances rental platform, as part of the company's Series D funding round. The PE firm, which backed the startup from its S.C.A.L.E Fund, invested in a mix of primary and secondary purchases for a minority stake. Rentomojo plans to use the funds to expand its offline centres and cover more major metro cities. The company claims to have served over 450,000 customers across 16 cities and aims to leverage ValueQuest's expertise to enhance its strategies and operations.
View Source
Prosus invests $80 mn in PremjiInvest-backed fintech firm
VCCircle
·
8m ago
Medial
Global technology investor Prosus has invested $79.9 million in Mintifi Pvt. Ltd, a supply-chain financing company backed by PremjiInvest. This investment gives Prosus a 10.65% stake in the Mumbai-based fintech company and values Mintifi at around $750 million. Mintifi provides supply-chain payments, invoicing, and purchase financing solutions to distributors and retailers, and counts Norwest Venture Partners and Elevation Capital as its investors. Prosus' investment comes after Mintifi raised $110 million in a Series D funding round led by PremjiInvest in March 2023.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in