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Atlan raises $6.5 million from WaterBridge Ventures

EntrackrEntrackr ยท 1y ago
Atlan raises $6.5 million from WaterBridge Ventures
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Data collaboration software provider Atlan has raised $6.5 million from WaterBridge Ventures. The fundraise is part of the extended Series B round, during which it raised $50 million, led by Salesforce Ventures in March 2022. The board at Atlan has passed a special resolution to issue 24,092 Series B preference shares to raise $6.5 million, its regulatory filing filed with the group company in Singapore shows. As per TheKredible estimates, the latest capital injection has been done at a flat valuation, which is $450 million. Atlan allows large enterprise teams to collaborate smoothly on data projects, and create a single source for all their data assets with deep integrations with tools like Slack, and data warehouses like Snowflake, Redshift, and others. The company recently launched tag management to solve the challenges faced by the data teams. With this, Atlan becomes one of the first Snowflake data governance partners to enable bi-directional tag movement. Atlan has a team of over 300 employees spread across 12 countries, including the United States, India, UK, Canada, Nigeria, Singapore, and the Philippines. Atlan was part of the third cohort of Sequoia Capital Indiaโ€™s accelerator program Surge. It raised around $50 million Series B round in March 2023 and $16 million worth Series A round led by Insight Partners in May 2021. After its Series B round, Prrukalpa Sankar and Varun Banka retained 23.63% stake each in the company. Insight Partners, which had led the Series A round, was the largest holding in the company among investors with a 15.4% stake. Head to TheKredible for Atlanโ€™s complete captable. The Series B round helped Atlan to grow at a rapid clip in the fiscal year ending March 2023. Its Indian entity reported a 3X jump in operating scale which stood at Rs 94 crore in FY23. The company also showed Rs 7.7 crore profit during the last fiscal year.

Zomato-backed AdOnMo raises $7 Mn

EntrackrEntrackr ยท 1y ago
Zomato-backed AdOnMo raises $7 Mn
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Ad-tech firm AdOnMo has raised Rs 58.21 crore (around $7 million) in its Series B1 round. This is the first major infusion in the Hyderabad-based company after its Series A round led by Zomato last year. The board at AdOnMo has passed a special resolution to issue 36 equity and 4,156 CCPS at an issue price of Rs 1,38,850 each to raise Rs 58.21 crore or $7 million, its regulatory filing with the RoC shows. Healthcare veteran Ravindranath Kancherla and his son Kancherla Pruthvinath injected Rs 16.6 crore while Qatar Insurance Company and ZNL Growth (Z Nation Lab) pumped in Rs 8 crore and Rs 1.80 crore, respectively. Three dozen individual investors including Manish Kailash Chhabra, Vindhya Guduru, Vikram Malhotra, Usha Reddy Chigarapalli, and Desireddy Srinivasa Reddy also invested in AdOnMoโ€™s Series B round. The company will use these investments for business expansion and to meet working capital requirements, according to the filing. According to the startup data intelligence platform TheKredible, AdOnMo has been valued at around Rs 858 crore or $105 million (post-money). During the ongoing fiscal year, the company also raised Rs 20 crore in debt from Northern Arc and Alteria Capital. Founded in 2016 by Sandeep Bommireddi and Sravanth Gajula, AdOnMo is an ad-tech company which provides targeted digital advertising to outdoor digital screens (residential & corporate parks) across 21 cities. As of now, the company has raised around $25 million across rounds including its $15 million round led by Zomato last year. Before this round, Zomato was the largest external stakeholder with a 17.49% stake followed by BAce Capital and Astarc Ventures. AdOnMo grew at a rapid clip in the last fiscal year as its revenue from operations surged four-fold to Rs 75 crore in FY23. Meanwhile, the companyโ€™s losses stood at Rs 38 crore in the same period.

Farmley raises $40 Mn in Series C round led by L Catterton

EntrackrEntrackr ยท 2m ago
Farmley raises $40 Mn in Series C round led by L Catterton
Medial

Farmley raises $40 Mn in Series C round led by L Catterton Farmley, a Noida-based healthy snacking brand, has raised $40 million in its Series C funding round led by global consumer-focused investment firm L Catterton, with participation from existing investor DSG Consumer Partners. The proceeds will be used for capital expenditure, expanding distribution channels across India, enhancing exports, and investing in product formulations and technologies, Farmley said in a press release. According to an ET report, the funding includes 30% secondary sales by early-stage investors, including Insitor and Samunnati, along with employee stock ownership plans (ESOPs). Founded in 2017 by Akash Sharma and Abhishek Agarwal, Farmley offers snacks such as makhana-based munchies, date bites, seeds, trail mixes, and roasted nuts. The firm sources directly from over 5,000 farmers across multiple regions and operates five processing units. According to TheKredible, Farmley recorded a revenue of Rs 230.66 crore in FY24 while posting a net loss of Rs 26.5 crore. While the company has yet to file its audited financial report for FY25, it claims to have clocked Rs 370 crore in revenue for the last fiscal year. Since its inception, Farmley has raised around $55 million, which includes a $2 million seed round in 2020 from Omnivore and Insitor, a $6 million Series A round in August 2022 led by DSG Consumer Partners and Alkemi Growth Capital, and a $6.7 million pre-Series B round in December 2023 led by the BC Jindal Group. Farmley is currently piloting its products in international markets, including the United States, Australia, Canada, and Singapore, as part of its global expansion strategy. It competes with other healthy snacking brands such as Happilo, which raised $25 million from Motilal Oswal Private Equity in 2022, and True Elements, in which Marico acquired a 53.98% stake in the same year.

Exclusive: B2B robotics startup Haber raises $38 Mn in Series C

EntrackrEntrackr ยท 9m ago
Exclusive: B2B robotics startup Haber raises $38 Mn in Series C
Medial

Industrial robotics maker Haber has raised Rs 317.2 crore (approximately $38 million) in its Series C round, led by Creaegis with participation from Accel India and BEENEXT Capital. This new round materialized for the Pune-based company after a three-year gap. The board at Haber has passed a special resolution to issue 100 equity shares and 457,572 Series C preference shares to raise the above sum, according to regulatory filings accessed by Entrackr. Creaegis led the round with Rs 200.35 crore, while Beenext and Accel participated with Rs 83.5 crore and Rs 33.4 crore, respectively. The investment will support the companyโ€™s expansion, growth, and other capital requirements. According to TheKredible, Haberโ€™s post-allotment valuation is approximately Rs 1,242 crore ($148 million). Haber develops AI-powered industrial robots that automate labor-intensive tasks like sample collection, measurement, analysis, and intervention in factories. According to its website, Haber helps industries reduce chemical consumption as well as energy and water usage across sectors such as food and beverages, agriculture, and oil and gas. The company has raised over $65 million to date, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Head to TheKredible for the complete shareholding breakup. While FY24 numbers are yet to be disclosed, Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23. It directly competes with Prosus-backed Detect Technologies, Altizon, and Fero Labs, among others.

B2B robotics maker Haber raises $44 Mn in Series C round

EntrackrEntrackr ยท 7m ago
B2B robotics maker Haber raises $44 Mn in Series C round
Medial

Industrial robotics maker Haber has raised $44 million in its Series C round led by Creaegis, BEENEXT, and Accel. The round comprised $38 million in equity and $6 million in debt. Entrackr had exclusively reported the Series C round in October. The proceeds will be used to scale its operations internationally, particularly in the US, to serve the demand for AI-led industrial automation solutions. Founded by Raghavan, Arjunan PN, and Priya Venkat, Haber develops AI-powered industrial robots that automate labor-intensive tasks like sample collection, measurement, analysis, and intervention in factories. According to its website, Haber helps industries reduce chemical consumption as well as energy and water usage across sectors such as food and beverages, agriculture, and oil and gas. The company has raised over $70 million to date, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Head to TheKredible for the complete shareholding breakup. While FY24 numbers are yet to be disclosed, Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23. It directly competes with Prosus-backed Detect Technologies, Altizon, and Fero Labs, among others. Haber counts ITC, Aditya Birla, and Tata Steel among its clientele. Some of its portfolio includes automation services for chemical dosing across different applications, including sugar mills, distilleries, paper mills, breweries, independent institutions, and mining operations.

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