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Aeravti Ventures leads $1 Mn round in Origin Fresh

EntrackrEntrackr · 5m 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 · 5m 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 · 5m 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 · 8m 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.

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