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Amwoodo raises $1 Mn from Zerodha-backed Rainmatter
Entrackr
·
1y ago
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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Bamboo products maker Amwoodo raises $1 million from Zerodha's Rainmatter
Economic Times
·
1y ago
Medial
Indian bamboo products maker Amwoodo has raised $1 million in funding from Rainmatter, a venture fund backed by Zerodha. The Kolkata-based startup plans to use the funds for upgrading machinery, upskilling artisans, and expanding its operations. Amwoodo, founded in 2019, specializes in producing bamboo items such as combs, toothbrushes, razors, and slippers, sourced directly from farmers in the northeast region of India. The company operates in both B2B and B2C sectors, with clients including Taj Hotels, The Leela, Himalaya, and Man Company. It aims to achieve sales of around INR 60 crore in the current financial year.
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Blume, Nithin Kamath's Rainmatter bet on gaming platform, bamboo product maker
VCCircle
·
1y ago
Medial
LightFury Games, a gaming startup, has raised $8.5 million in seed funding led by Blume Ventures. The company plans to use the funds to develop AAA gaming titles and expand its team. Bamboo products maker Amwoodo has also secured $1 million in seed funding from Rainmatter, led by Nithin Kamath. Amwoodo focuses on sustainable products made from bamboo and will use the funds to grow its product range.
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Rainmatter gets into heart of investing via road not taken
Economic Times
·
1y ago
Medial
Rainmatter, the corporate-backed venture fund created by Zerodha founder Nithin Kamath, has emerged as one of the largest funds in the startup world, with around 85 investments and a portfolio of approximately Rs 400 crore. Rainmatter invests primarily in fintech, climate/agritech, and healthtech startups, aligning with Kamath's personal interests. The fund operates with a small team and focuses on interesting companies rather than following a fixed investment thesis. Rainmatter's approach includes inculcating the Zerodha way of doing business and supporting companies in adhering to regulations.
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Deepinder Goyal, Nithin Kamath invests $4 mn in Sparkl Edventure
Inshorts
·
7m ago
Medial
Aakash Institute founder Aakash Chaudhry's new venture Sparkl Edventure has reportedly raised $4 million in seed fundraise from Zerodha CEO Nithin Kamath's Rainmatter Foundation and Zomato Founder Deepinder Goyal. The equity round was raised just months after Sparkl Edventure launched its platform in October. The company plans to close the round in January 2025.
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Zerodha’s Rainmatter invests Rs 10 crore each in Boson Whitewater, TruNativ
Economic Times
·
11m ago
Medial
Bangalore-based water recycling startup Boson Whitewater and nutrition-focused brand TruNativ have secured Rs 10 crore in equity funding each from Rainmatter, an early-stage venture firm backed by Zerodha. Boson Whitewater treats excess sewerage treatment plant water to make it potable, addressing water scarcity issues in cities like Bangalore. TruNativ is a direct-to-consumer brand that sells nutritional products. Rainmatter has invested Rs 30 crore in multiple companies recently, including Devil's Circuit, GreenWorms, Actlogica, and GalaxEye. The firm has invested approximately Rs 650 crore in various startups across sectors since 2016.
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Zerodha’s Rainmatter invests Rs 12 crore in foodtech startup TWF Flours
Economic Times
·
1y ago
Medial
Rainmatter, a venture fund backed by Zerodha, has invested approximately Rs 12 crore ($1.4 million) in foodtech startup TWF Flours. This marks the first institutional funding round for the Noida-based company. TWF Flours focuses on innovating milling technology to produce higher quality and healthier flour with increased nutrient levels. The funds will primarily be used for research and development. TWF Flours sells directly to consumers and the hospitality industry. Rainmatter has a strong interest in the health and wellness sector, with previous investments in Fittr, The Whole Truth, and Trunati.
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LogicLadder raises $2.5 Mn in Series A round
Entrackr
·
1y ago
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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Machaxi raises $1.5 Mn from Rainmatter, Prakash Padukone, others
Entrackr
·
1m ago
Medial
Machaxi, a Bengaluru-based sports-tech startup focused on grassroots coaching and digital sports infrastructure, has raised $1.5 million in a funding round led by Rainmatter, the investment arm of Zerodha, with participation from badminton legend Prakash Padukone and existing investors. The proceeds will support Machaxi’s expansion into Hyderabad, Pune, and Chennai, and accelerate the development of its AI-powered coaching platform aimed at standardizing badminton training across India. Founded in 2022 by Pratish Raj and Ankit Raj, Machaxi offers training programs that ensure consistent, high-quality coaching regardless of geography. The firm currently operates centres in Bengaluru and aims to expand its reach nationwide, catering to first-time players as well as aspiring professional athletes. As part of its expansion strategy, Machaxi has partnered with the Padukone School of Badminton to launch the “Machaxi x Padukone School of Badminton” program, which aims to set up more than 1,000 coaching centres over the next four years. The system will assist with performance tracking and scalability, complementing human coaching rather than replacing it.
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Real sports gaming platform Game Theory raises $2 million in funding from Nithin Kamath’s Rainmatter, others
Economic Times
·
1y ago
Medial
Real sports gaming platform Game Theory has secured $2 million in funding from investors including Rainmatter, a startup accelerator fund founded by Nithin Kamath's Zerodha, as well as tennis player Rohan Bopanna and other angel investors. Game Theory aims to connect players in physical sports and coordinate games, and plans to use the funds to develop its technology, establish coaching products, and expand its user base. This investment marks Rainmatter's first foray into the sports sector.
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Nithin Kamath on Zerodha’s Focus: Building for the future, explains why no IPO yet & more
Livemint
·
10m ago
Medial
Zerodha, India's largest trading platform, has revealed that it has not gone public yet due to the need for revenue predictability in its brokerage business. The company is focused on diversifying its risk by building various other revenue streams. It believes that a public listing would bring unnecessary burden and expectations from investors, potentially compromising its long-term customer-centric decision-making. Zerodha is already diversifying its business through products like Margin Trade Funding (MTF), public market investments, private market investments through Rainmatter, and ventures like Zerodha Fund House and Ditto Insurance.
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