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Amwoodo raises $1 Mn from Zerodha-backed Rainmatter

EntrackrEntrackr · 1y ago
Amwoodo raises $1 Mn from Zerodha-backed Rainmatter
Medial

Bamboo products maker Amwoodo has raised $1 million in funding from Zerodha-backed venture fund Rainmatter. The proceeds will be used for upgrading machinery and equipment, upskilling artisans and facilitating expansion initiatives. Founded in 2019, Amwoodo specialises in manufacturing bamboo items like combs, toothbrushes, razors, slippers, compostable sanitary bags, and towels. The company directly sources bamboo from around 400 farmers in the northeast and collaborates with about 380 artisans. The final refinement of products to meet export standards occurs in its factories located in Howrah, Kolkata. The platform operates in both business-to-business (B2B) and business-to-consumer (B2C) sectors, with major clients including hospitality chains like Taj Hotels and The Leela, and direct-to-consumer brands such as Himalaya, Man Company, Nat Habit, and Kimirica. The Kolkata-based firm claims to have achieved sales worth Rs 21.72 crore in the last financial year. For the ongoing financial year, the company aims to reach sales of approximately Rs 60 crore.

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Blostem raises pre-Series A funding; Rainmatter picks up 9% stake

EntrackrEntrackr · 3m ago
Blostem raises pre-Series A funding; Rainmatter picks up 9% stake
Medial

Blostem raises pre-Series A funding; Rainmatter picks up 9% stake B2B banking infrastructure platform Blostem has raised its Pre-Series A round led by Rainmatter, the investment arm backed by Zerodha, for an undisclosed amount. The round gives Rainmatter a 9% stake in the startup. Founded by Ravi Jain, Sandeep Garg, Uday Sharma, and Pankaj Pratap Singh, Blostem offers a plug-and-play layer that enables brokers, fintech apps, payment players, and wealth-tech firms to offer digital retail-banking products without building integrations with each bank. Its stack supports fixed deposits, FD-backed credit cards, and Credit-on-UPI. Partners integrate once and gain access to multiple banks and NBFCs through a unified API. The firm has built a network of 10 banks and NBFCs for its fixed-deposit product, including Suryoday Small Finance Bank, Unity SFB, Shivalik SFB, Utkarsh SFB, Bajaj Finance, Shriram Finance, and Mahindra Finance. More integrations are in progress. Blostem works with large fintech platforms such as Mobikwik, Jupiter Money, Upstox, Aditya Birla Capital Digital, IRIS by KFin Technologies, Centricity Wealth, and GoldenPi. The company said its FD marketplace will go live on Zerodha and other large platforms shortly. Blostem aims to capture 40% of India’s digital FD volumes over the next few years through its partner ecosystem. The proceeds will be used to expand its distribution network, strengthen partnerships with banks, and launch new products including FD-backed credit cards and Credit-on-UPI. Funds will also be used to hire senior talent across technology, compliance, and partnerships.

Zerodha-backed Rainmatter acquires majority stake in PensionBox

EntrackrEntrackr · 18d ago
Zerodha-backed Rainmatter acquires majority stake in PensionBox
Medial

Zerodha-backed Rainmatter acquires majority stake in PensionBox Zerodha-backed Rainmatter Investments has acquired a majority stake in digital pension app PensionBox through a mix of primary and secondary transactions for $2 million. PensionBox founder Kuldeep Parashar said the fresh capital, along with earlier investments, will support the company’s scaling plans over the next one to two years. He declined to disclose the valuation. According to filings accessed by Entrackr, Zerodha acquired a 51% stake in the Bengaluru-based startup, providing a complete exit to early investors including 100X.VC, SAT Industries, Keynote Capital, LetsVenture, and a group of angel investors. The transaction was confirmed by Parashar. Founded in 2021 by brothers Kuldeep Parashar and Shivam Parashar, PensionBox is a PFRDA-regulated digital pension platform that helps individuals and companies manage National Pension System (NPS) accounts. The platform enables instant account opening, investment tracking, SIP contributions, and automated Corporate NPS, offering a faster alternative to traditional pension processes. Following the acquisition, the founders will collectively retain a 48% stake in the company. In a conversation with Entrackr, Parashar said PensionBox will focus on the corporate NPS segment under the partnership, while Zerodha’s Coin will serve retail users. Neelesh Verma of Zerodha said Rainmatter does not interfere in founder decisions and invests only with alignment of vision. PensionBox will operate independently across retail and corporate segments, while Zerodha will focus on fixed income products such as NPS, fixed deposits, and mutual funds. For the fiscal year ended March 2025, PensionBox reported operating revenue of Rs 1.75 lakh against expenses of Rs 77 lakh, resulting in a net loss of Rs 75 lakh.

LogicLadder raises $2.5 Mn in Series A round

EntrackrEntrackr · 1y ago
LogicLadder raises $2.5 Mn in Series A round
Medial

Climate-tech SaaS startup LogicLadder has raised $2.5 million in its Series A round led by Singapore and Vietnam-based BIG Capital and Zerodha’s Rainmatter. The firm is backed by investors including ONGC, Shell and IIM Lucknow EIC. The proceeds will be used to expand its global footprint in South Asia and North America. Founded in 2011, LogicLadder’s premium platform ‘The Sustainability Cloud’ is used by enterprises to manage ESG, account for Scope 1, 2 and 3 carbon emissions, meet environment compliance and generate sustainability reporting. According to LogicLadder, the software follows global standards like GHG protocol, SBTi, GRI, CDP, CSRD, SASB, BRSR, CBAM and GRESB, among others. Additionally, its products – TSC Water, TSC Energy, and TSC Enviro, allow organisations to achieve efficiency-led decarbonisation and sustainability in water and generated waste. The firm claims to be working with over 1,000 customers such as NTPC, BHEL, PVR-INOX, Mother Dairy and others, along with 40 channel partners.

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