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Aeravti Ventures leads $1 Mn round in Origin Fresh

EntrackrEntrackr · 10m ago
Aeravti Ventures leads $1 Mn round in Origin Fresh
Medial

Snippets Aeravti Ventures leads $1 Mn round in Origin Fresh Fresh produce brand Origin Fresh has secured $1 million in a pre-seed funding round led by Aeravti Ventures, with participation from a group of Ultra HNIs. New Update Fresh produce brand Origin Fresh has secured $1 million in a pre-seed funding round led by Aeravti Ventures, with participation from a group of Ultra HNIs. The fresh funds will be utilized to enhance the delivery network and support the development of cutting-edge infrastructure, Origin Fresh said in a press release. Co-founded in 2020 by Prashanth Vasan and Sidharth Raveendran, Origin Fresh delivers farm-fresh, untouched produce directly to customers' doorsteps, eliminating middlemen to offer unbeatable prices and uncompromising quality. The startup is committed to encouraging consumers to prioritize freshness and quality over speed, fostering a thoughtful approach to meal planning and healthy living. According to the Bengaluru-based company, by delivering farm-fresh, high-quality produce, it aims to enhance culinary experiences and promote overall well-being, inspiring a movement that celebrates the richness and nourishment of fresh produce. The brand promises delivery from farm to home within 12 hours. Origin Fresh claims that it has surpassed 5,000 orders within the first 40 days of launch, with over 60% of customers placing repeat orders within two weeks. The company has earned strong trust for its quality and freshness. It focuses exclusively on fresh produce and has carved a niche among health-conscious consumers, boasting an extensive catalog of over 250 items, including a wide range of exotic options.

NBFC Bizloan raises Rs 35 Cr in Series A funding

EntrackrEntrackr · 10m ago
NBFC Bizloan raises Rs 35 Cr in Series A funding
Medial

Bizloan, a non-banking finance company (NBFC) dedicated to providing credit solutions for small businesses, has raised Rs 35 crore ($4.16 million) in Series A funding round co-led by the Michael & Susan Dell Foundation and BLinC Invest. The Bengaluru-based company had previously raised $2.77 million from Caspian Debt and others. The fresh funds will be allocated towards expanding its reach in underserved markets, enhancing its suite of loan products, and investing in technology to streamline its lending operations, Bizloan said in a press release. Co-founded in 2016 by Rahul Jain, Abhishek Mishra, Girish Chawla, and Vikram Diwan, Bizloan is a Non-Banking Finance Company (NBFC-Type 2) registered with the RBI, dedicated to empowering India’s 5.5 crore MSMEs with timely and accessible financial solutions. Bizloan aspires to empower more than 2,500 micro and nano enterprises in the next 12 months with the capital they need to grow, particularly in regions with limited access to traditional financing options. The company says that it has already made a notable impact in the MSME sector, disbursing approximately Rs 774 crore in loans across 26 branches. To date, it claims to have provided financial support to more than 3,000 entrepreneurs in key regions, including Haryana, Uttar Pradesh, NCR, Karnataka, and Rajasthan. Bizloan employs the ABC (Asset, Behaviour, Cashflow) methodology to evaluate borrowers, most of whom come from informal income backgrounds or are new to credit. It aims to bridge financial gaps and drive sustainable growth for unorganized MSMEs. The company plans to scale its operations, introduce new financial products, and empower even more small businesses across India, driving growth in the Indian entrepreneurial ecosystem. Bizloan may compete directly or indirectly with other players in this space such as Aye Finance, Finova Capital, NBFC Varthana, and Save Solutions.

ThinkMetal raises $800K in pre-Series A round

EntrackrEntrackr · 10m ago
ThinkMetal raises $800K in pre-Series A round
Medial

ThinkMetal raises $800K in pre-Series A round Deeptech startup ThinkMetal has raised $800,000 (about Rs 6.7 crore) in a pre-Series A funding round led by YourNest Venture Capital as part of the YourNest-SanchiConnect Velocity Program 2024, along with participation from Concept Communications and Sanchi Connect. Prior to this round, ThinkMetal raised $300,000 in a seed round led by 100X.VC, with participation from Concept Communications, SAT Industries, and investors such as KRS Jamwal and Uday Sodhi. The funds will be utilized to finalize production readiness, launch the first-generation product, enhance its software capabilities, refine its processes, and expand its team in key areas such as sales, operations, design, and software development, ThinkMetal said in a press release. Co-founded in 2021 by Sabyasachi Ghosh and Arushi Sharma, ThinkMetal is a deeptech startup enabling manufacturers to produce metal parts, claiming to be 10 times faster and at half the cost with their compact metal 3D printer, SistemT1, which leverages patented materials and processes. The company's FuseX material technology drastically cuts production time while reducing operational costs, making it the quickest and most efficient solution. According to the Chennai-based company, it addresses longstanding challenges in traditional tool manufacturing and low-volume production. SistemT1 helps manufacturers deliver parts such as moulds, dies, jigs, and fixtures in mere hours at half the cost. As per market research, the total tooling market in India is estimated at $5 billion, growing at a CAGR of 9%. ThinkMetal’s existing customers include Ants Ceramics, ZeQube Technologies, and Hosur CNC. The company’s go-to-market strategy focuses on urban medium-scale and small-scale manufacturers, leveraging paid pilots, experience centers, and on-demand services to drive adoption. Globally, Markforged, Desktop Metal, and EOS are prominent players in this industry.

Startup news and updates:

YourStoryYourStory · 1y ago
Startup news and updates:
Medial

Uravu, a Bengaluru-based startup, has raised undisclosed funding led by AWE Funds. The funding will be used to scale its premium beverage model that provides over 4,000 litres of water daily to hospitality clients in Bengaluru. Additionally, Gemba Capital has appointed Somak Ghosh to its advisory board. Ghosh brings over 30 years of experience in banking and will contribute to the micro VC fund's investments in startups. In other news, Collective Artists Network and Pinterest have created 100,000 shoppable content pieces for Myntra, Urban Space is expanding into quick commerce, Origin has launched fresh produce delivery pods in Bengaluru, and Hoonartek has launched RealizeAI, an AI solutions suite for various industries in India.

Exclusive: Ambak starts Series A round with Rs 69 Cr funding led by Peak XV and Z47

EntrackrEntrackr · 20d ago
Exclusive: Ambak starts Series A round with Rs 69 Cr funding led by Peak XV and Z47
Medial

**Exclusive: Ambak starts Series A round with Rs 69 Cr funding led by Peak XV and Z47** Home loan startup Ambak has kicked off its Series A round with Rs 69 crore (approximately $7.84 million) co-led by existing backers Peak XV Partners and Z47 (formerly Matrix Partners) with the participation of DeVC and others. This comes after the company announced $7 million in funding in January 2025 through a combination of Seed and Pre-Series A rounds led by Peak XV Partners. According to its regulatory filing with the RoC, Ambak’s board has issued 3,111 Series A CCPS and 10 equity shares at an issuance price of Rs 2,20,405.6 per share to raise the above-mentioned amount. Peak XV Partners and Z47 co-led the tranche with Rs 26.62 crore or $3 million each, followed by DeVC India and Advantage Technology Fund who invested Rs 6.65 crore and Rs 6.28 crore respectively. Calabasas Ventures, AngelList, Sushmita Mathur, Ojaswa Sharma, Anil Kumar Goteti, and others contributed the remaining amount. According to Entrackr’s analysis, the company’s valuation has surged by over 76% to Rs 450 crore ($51 million) post-money, compared with its Rs 255 crore valuation in the previous round. Founded in 2023, Ambak streamlines the home loan process through a transparent three-step system that matches customers with the right financiers using Digital Public Infrastructure (DPI) and bank rule engines. Its tech-driven, assisted model simplifies workflows for both borrowers and lending partners. Following the latest infusion, Peak XV remains the largest external shareholder with a 14.9% stake, followed by Surge Ventures and Z47 at 13.95% and 6.25% respectively. The co-founders Raghuveer Malik, Rameshwar Gupta, and Rashi Garg collectively hold 46.23% of the company, according to TheKredible. In its first year of operations, Ambak reported Rs 1.03 crore in operating revenue for the fiscal year ended March 2024 and a loss of Rs 2.11 crore. The company has not yet disclosed its FY25 figures. Last year, several other home finance startups also raised funding, including Easy Home Finance, which secured $35 million led by Ranjan Pai’s family office and Claypond Capital, and Basic Home Loan, which raised $10.6 million, among others.

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