🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Toy manufacturing startup BIDSO secures Rs 63 Cr in Series A led by Blume Ventures

EntrackrEntrackr · 21d ago
Toy manufacturing startup BIDSO secures Rs 63 Cr in Series A led by Blume Ventures
Medial

Toy manufacturing startup BIDSO secures Rs 63 Cr in Series A led by Blume Ventures Toy manufacturing startup BIDSO has secured Rs 63 crore ($6.7 million) in a Series A funding round led by Blume Ventures, comprising Rs 51 crore in equity and Rs 12 crore in venture debt. The round also saw participation from existing investors Peer Capital and Sadev Capital, while venture debt was raised from Alteria Capital. The Bengaluru-based startup had previously raised $1.5 million in August 2023, including $1.2 million in a seed round led by PeerCapital and $300,000 in a pre-seed round from DeVC and other investors such as Mohit Sadaani, Nishit Garg, OfBusiness Founders Fund, Saurabh Jain, and Revant Bhate. The fresh funds will be used to enhance product design and manufacturing capabilities, expand its manufacturing footprint and production capacity, and grow its product portfolio, BIDSO said in a press release. Co-founded in 2022 by Ashwin Jain and Rahul Agarwal, BIDSO is a design-led manufacturing platform that helps consumer brands design, develop, and manufacture customised products at scale. Its integrated platform spans product design, engineering, licensing, and manufacturing, enabling brands to bring new products to market faster while serving as a long-term supply partner. Over the past 12 months, BIDSO claims to have gained strong traction through global B2B partnerships with leading toy brands. The company has also acquired licenses for globally recognised characters such as Peppa Pig, Harry Potter, Transformers, and NASA, allowing it to develop licensed product ranges for brand partners. These developments, along with an expanded product portfolio and increased manufacturing capacity, have helped BIDSO more than double its revenue over the past year. While currently focused on the toys segment, BIDSO plans to expand into adjacent consumer product categories by leveraging its design, engineering, and manufacturing capabilities. The company also aims to contribute to the Make in India initiative by strengthening demand and enhancing the capabilities of Indian SME manufacturers, while improving transparency and efficiency across the supply chain through a curated partner network. BIDSO's revenue surged to Rs 41.25 crore in FY25 from Rs 7.52 crore in FY24, while its losses edged up slightly to Rs 6.44 crore from Rs 5.67 crore.

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

EntrackrEntrackr · 2m 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 Partners’ 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.

Download the medial app to read full posts, comements and news.