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Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital

EntrackrEntrackr · 2m ago
Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital
Medial

Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital Bambrew, the Bengaluru-based meta-material innovation company specializing in sustainable packaging solutions, has raised Rs 90 crore (about $10.3 million) round led by Ashok Goel, former Managing Director of Essel Propack, along with Japanese venture capital firm ENRISSION INDIA CAPITAL. Prior to this, the company had raised $11.8 million from Blume Ventures and others. The proceeds will be utilized to accelerate innovation, scale manufacturing, and expand its presence in global markets including the Middle East and North America, according to a press release by Bambrew. Founded in 2019 by Vaibhav Anant, Bambrew develops planet-positive, high-performance alternatives to single-use plastics using bamboo fiber, agro-waste, seaweed, recycled paper, and other natural resources. Its proprietary materials are home-compostable, durable, and scalable—designed to meet modern commerce demands without environmental compromise. Over the past year, Bambrew has expanded its product portfolio from garment bags and mailer bags to sustainable mango box packaging, reaching customers across sectors like FMCG, e-commerce, personal care, and food and beverages. With solutions such as high-barrier, plastic-free laminates and aluminum-free recyclable films, the company is helping over 500 brands transition away from traditional plastic and foil-based packaging. Bambrew plans to launch its direct-to-consumer (D2C) range, bringing its sustainable material innovation directly to environmentally conscious consumers. The new line of everyday packaging essentials will be available in the marketplace in the coming months. The company aims to achieve a revenue milestone of Rs 120 crore and profitability within the next 12 months. Bambrew also plans to diversify its product portfolio to serve fast-moving sectors like quick commerce and personal care, with a focus on performance-grade packaging materials that are both compostable and recyclable.

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Bambrew raises Rs 60 Cr led by Blume Ventures

EntrackrEntrackr · 1y ago
Bambrew raises Rs 60 Cr led by Blume Ventures
Medial

Cleantech startup Bambrew has raised Rs 60 crore (approximately $7 million) in a mix of debt and equity series A round led by Blume Ventures. This marks the first investment for the Bengaluru-based company in 2024. Blue Ashva Capital, Mumbai Angels, Indus Capital, and angel investors including Sreevathsa Prabhakar, Mandeep Manocha, and RK Narayan also participated in the round. The funds will go towards broadening the company’s reach into primary packaging for consumer goods, food, and beverages, enhancing manufacturing capabilities, investing in research and development, and bolstering the team, Bambrew said in a statement. Founded in 2019, Bambrew is a green packaging startup that offers eco-friendly products made from bamboo, sugarcane, and seaweed. Its handmade and reusable products serve as natural alternatives to plastic. Their offerings cater to a range of sectors such as fashion, pharmaceuticals, food and beverages, retail, and logistics. Bambrew asserts that they have successfully prevented over 20,000 kilograms of plastic waste to date and have received over 20,000 orders. Banbrew has raised around Rs 80 crore so far including its seed round of Rs 18 crore led by Blue Ashva Capital in 2021. Before the latest Series A injection, Blue Ashva was the largest external stakeholder in the company with 13.11 % followed by Suvita Investments. Head to TheKredible for the complete shareholding. Bambrew has been growing at a rapid clip which is evident from its year-on-year growth during the previous fiscal year. Its revenue from operations surged 4.7X to Rs 44.23 crore in FY23 while the losses stood at Rs 18 crore during the same period.

Recur Club Partners with Enrission India Capital to boost capital access for startups

EntrackrEntrackr · 27d ago
Recur Club Partners with Enrission India Capital to boost capital access for startups
Medial

Recur Club, a debt marketplace for startups and SMEs, has announced a strategic partnership with ENRISSION INDIA CAPITAL, a purpose-led early-stage investment firm, to strengthen capital access and long-term support for startups building impactful solutions for India. Recur Club launched this year a Rs 150 crore ($18 million) fund to accelerate the growth of D2C brands in quick commerce. With this partnership, eligible startups can receive non-dilutive capital. The amounts will be structured as part of the standard term sheet, offered at the discretion of the founders. In addition, Recur Club will extend equity fundraising support to ENRISSION INDIA CAPITAL’S portfolio, helping mission-led startups raise institutional rounds with greater efficiency. “This partnership brings together capital, conviction, and community. With ENRISSION INDIA CAPITAL’s sharp focus on social impact and our AI-led credit infrastructure, we are not only streamlining access to funding, we are shaping a smarter, faster, and more inclusive ecosystem for early-stage companies. The Japan angle adds a unique global edge, opening up opportunities for ambitious Indian startups to scale across borders with confidence,” said Eklavya Gupta, co-founder & CEO of Recur Club. According to Recur Club, this collaboration offers founders a powerful blend of AI-driven, non-dilutive capital, strategic mentorship, and access to global investor networks, particularly in Japan. Building on a proven co-investment track record, the partnership aims to accelerate the growth of socially conscious startups in India and beyond. Details on the partnership, including investment size and timelines, will be announced soon alongside official statements from ENRISSION INDIA CAPITAL’s leadership. Co-founded in 2021 by Abhinav Sherwal and Eklavya Gupta, Recur Club is a debt financing marketplace that offers loans to startups and businesses. Businesses can get a loan from Rs 50 lakhs to Rs 100 crore within 48 hours by signing up and linking their financial data. In collaboration with InCred, it has deployed Rs 300 crore in funding aimed at supporting early and mid-stage startups in 2024. Recur Club has committed to deploying Rs 2,000 crore in debt funding for startups and SMEs through Recur Scale and Rs 1,000 crore to MSMEs through Recur Swift in this financial year. As part of this initiative, the company has launched its "Recur Scale" facility, which offers up to Rs 100 crore in funding for individual startups or small and medium enterprises (SMEs). Over the last three years, Recur Club has disbursed over Rs 500 crore to D2C businesses, comprising 30% of its overall portfolio and spanning companies with revenues ranging from Rs 1 crore to Rs 300 crore. It is backed by marquee institutional investors like InfoEdge Ventures, Village Global, LC Nueva, and Titan Capital.

EV financing startup Perpetuity Capital raises Rs 7 Cr

EntrackrEntrackr · 1y ago
EV financing startup Perpetuity Capital raises Rs 7 Cr
Medial

Perpetuity Capital, a fintech platform specializing in clean-tech mobility, has raised Rs 7 crore through Non-Convertible Debentures (NCDs) from N+1 Capital and RevX Capital. Perpetuity Capital plans to utilise these funds to enhance its lending capabilities and expand its loan book, particularly focusing on the regions of East India. This strategic move is aimed at promoting the adoption of environmentally friendly mobility solutions in these states. Led by Karamveer Dhillon, Perpetuity Capital helps delivery drivers and autorickshaw drivers avail finance to purchase electric vehicles for commercial use. In October 2023, Perpetuity Capital raised Rs 5 crore in debt from Clime Finance. In the electric vehicle financing space, Perpetuity Capital competes with Vidyut, Revfin, Finayo, Mufin Green Finance, OTO, evfin, and Hero FinCorp, among others. Revfin raised $14 million in Series B round led by Omidyar Network in December whereas Vidyut raised $10 million in February this year.

CredAble raises Rs 30 Cr from SIDBI

EntrackrEntrackr · 1y ago
CredAble raises Rs 30 Cr from SIDBI
Medial

Fintech startup CredAble has raised Rs 30 crore ($3.6 million) in debt funding from SIDBI. The fund will be used to scale up its operations and extend affordable financing solutions to MSMEs and women-led businesses in India, CredAble said in a press release. Founded in 2017 by Nirav Choksi and Ram Kewalramani, CredAble provides working capital to large, mid, and emerging corporates, as well as micro, small, and medium enterprises (MSMEs), and financial institutions. Beyond traditional banking and loan products, the company has built a comprehensive working capital infrastructure for digitising corporate-led financing and underwriting needs. CredAble’s platform hosts over 125 corporate customers, over 3,50,000 small business borrowers, and more than 35 large financial institutions and banks. The company recently had dedicated Rs 200 crore to back women-led enterprises and has supported more than 50 such businesses across India over the course of 10 months. In March, CredAble raised $10 million in a new round from Singapore-based Equentia Natural Resources. It has raised nearly $60 million to date. CredAble’s revenue from operations grew 2.78X to Rs 13.94 crore in FY23 from Rs 4.92 crore in FY22. In pursuit of growth, the losses of the company surged 3.37X to Rs 22.40 crore in FY23 from Rs 6.53 crore in FY22.

Exclusive: Rebel Foods raises Rs 150 Cr debt from Alteria and InnoVen

EntrackrEntrackr · 1d ago
Exclusive: Rebel Foods raises Rs 150 Cr debt from Alteria and InnoVen
Medial

Exclusive: Rebel Foods raises Rs 150 Cr debt from Alteria and InnoVen Foodtech Unicorn Rebel Foods secured Rs 150 crore ($17 million) in debt funding from existing investors Alteria Capital and InnoVen Capital. The debt comes months after its $25 million funding from Qatar Investment Authority. According to its filing sourced from the Registrar of Companies (RoC), Rebel Foods’ board approved the allotment of 15,000 non-convertible debentures (NCDs) at a face value of Rs 1 lakh each to raise the above-mentioned amount. Alteria Capital invested Rs 90 crore ($10.2 million), while InnoVen Capital contributed Rs 60 crore ($6.8 million). Each debenture carries a coupon rate of 13.9% per annum with a tenure of three years, maturing on September 2, 2028. Rebel Foods declined to comment on the queries sent by Entrackr. Founded in 2011 as a quick-service restaurant, Rebel Foods has grown into one of the largest cloud kitchen operators, with over 450 kitchens across India, the MENA region, Indonesia, the UK, and 75 Indian cities. Its portfolio includes brands such as Faasos, Behrouz Biryani, Oven Story Pizza, Lunchbox, The Good Bowl, and Wendy’s, among others. In February this year, Rebel Foods announced that it had launched its 15-minute food delivery app, QuickiES. According to TheKredible, the Mumbai-based firm has raised approximately $780 million to date, including a $210 million Series G round led by Temasek, comprising a mix of primary and secondary stake. Rebel Foods’ revenue from operations grew to Rs 1,420 crore in FY24 as compared to Rs 1,195 crore in FY23. During the same period, the firm cut down its losses by over 42% to Rs 378 crore. It competes with Curefoods, EatClub, Biryani By Kilo, FreshMenu, Biryani Blues, Kitchens@, Bigspoon, and HOI Foods.

Shiprocket’s revenue grows to Rs 1,316 Cr in FY24, cuts losses

EntrackrEntrackr · 10m ago
Shiprocket’s revenue grows to Rs 1,316 Cr in FY24, cuts losses
Medial

Logistics and supply chain enabler Shiprocket has managed decent growth in the fiscal year ending March 2024. Its co-founder and chief executive officer Sahil Goel claimed that the company’s operating revenue grew 21% year-on-year and reached Rs 1,316 crore in the last fiscal year. For context, Shiprocket recorded Rs 1,088.7 crore in revenue from operations in FY23 while its losses were at Rs 333.81 crore (including Rs 63.16 crore worth of exceptional items booked for amortization of intangible assets and investment provisions) during the period. While the company is still far away from profitability, Goel claimed that Shiprocket reduced its cash EBITDA burn by 48%, bringing it down from Rs 191 crore in FY23 to Rs 100 crore in FY24. According to him, the reduction in losses was a key factor in the company achieving cash profitability in the first two-quarters of FY25. The improved EBITDA margin reflects Shiprocket’s efforts to optimize operational efficiency, reduce costs, and increase its profit margins according to Goel’s LinkedIn post. “Our Emerging Businesses are growing at a rate of ~75% Y-o-Y including Shiprocket Cross Border, Checkout, Capital, and other innovations that are leading the way as we rapidly scale new products and offerings for Indian SMBs,” said Goel. The integration of Pickrr’s Domestic Shipping also played a crucial role in strengthening Shiprocket's core platform. Founded by Goel, Gautam Kapoor, and Vishesh Khurana, Shiprocket provides logistics and supply chain solutions to retailers which lets them integrate their shopping websites across e-comm enablers such as Shopify, Magenta, and others. The company claims to empower over 1.5 lakh active businesses and enable 5% of India’s e-commerce through its platform. In December 2021, Shiprocket raised $185 million in a Series E round co-led by Zomato, Temasek, and Lightrock India. The firm turned unicorn in August 2022 following a $33 million tranche. In October last year, it also scooped up $11 million from McKinsey at a flat valuation.

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