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Showroom B2B raises Rs 150 Cr in Series A round led by Cactus Partners

EntrackrEntrackr ยท 2d ago
Showroom B2B raises Rs 150 Cr in Series A round led by Cactus Partners
Medial

Showroom B2B, a supply chain platform in the fashion and apparel sector, has raised Rs 150 crore (around $17 million) in a Series A funding round led by Cactus Partners. The round includes a mix of equity and debt. New investor Zephyr Peacock participated in the round, while existing investors Jungle Ventures, Accion Venture Lab, and NBD Ventures also followed on. Earlier in October 2023, Showroom B2B had raised $6.5 million in a pre-Series A funding round led by Jungle Ventures with participation from Accion Venture Lab and others. The fresh capital will be used to expand its technology-led supply chain, strengthen enterprise partnerships, and scale manufacturing and sourcing capabilities across India. It will also support platform enhancements to manage more complex sourcing requirements from large-format and institutional retail customers. Showroom B2B is a Gurugram-based, tech-enabled apparel sourcing and manufacturing platform. Founded by Abhishek Dua and Shubham Gupta, the firm provides an integrated design-to-delivery sourcing model for organised retailers, apparel brands, and buying houses in India and overseas. The platform works across categories such as denim, knits, woven apparel, and kidswear, combining its own manufacturing units with a network of audited partner factories. This marks the 12th investment from Cactus Partnersโ€™ maiden fund. In February 2024, the VC firm had announced the final close of its first fund. The fund has secured a total corpus of more than Rs 630 crore.

IndiGrid raises $4 Mn led by Cactus Venture Partners

EntrackrEntrackr ยท 5m ago
IndiGrid raises $4 Mn led by Cactus Venture Partners
Medial

IndiGrid raises $4 Mn led by Cactus Venture Partners Electric vehicle (EV) component maker IndiGrid Technology has raised $4 million (about Rs 35.2 crore) as part of a strategic funding round from existing investor Cactus Partners. Electronics systems design and manufacturing startup IndiGrid Technology has raised $4 million (about Rs 35.2 crore) as part of a strategic funding round from existing investor Cactus Partners. The proceeds will be allocated towards expanding production capacity and offerings, enhancing automation, ramping up hiring and broadening presence both in India and other global markets, IndiGrid Technology said in a press release. Co-founded in 2015 by Sameer Narang and Rishab Puri, IndiGrid Technology is a full stack electronics component manufacturer with in-house design and manufacturing capabilities. The electronics system design and manufacturing (ESDM) startup makes battery packs, motor controllers, vehicle control units, components for EV drivetrains, among others. โ€œHaving matured in the automotive industry, we have diversified to increase our product portfolio by acting on the evidently growing market traction in the consumer goods sector where we began acquiring some key clients,โ€ said Sameer Narang, co-founder of IndiGrid Technology. The latest round comes more than a year after Cactus Partners led IndiGridโ€™s $5 million Series A round in June 2024. Since then, the company has diversified into consumer electronics and now also caters to companies like Hella, Rosenberger, Sensetek, Sandhar, IFB, Revolt, among others. IndiGrid reported a revenue of Rs 108.5 crore in the fiscal year 2024-25 (FY25) and it is targeting a top line of Rs 350 crore to Rs 380 crore in FY26. It claims to operate at high single-digit EBITDA margin and projects to clock double-digit EBITDA margin growth in the next couple of years.

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