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JustDeliveries raises $1 Mn in pre-Series A round

EntrackrEntrackr · 1y ago
JustDeliveries raises $1 Mn in pre-Series A round
Medial

Logistics solutions for perishables JustDeliveries has raised $1 million in its pre-Series A round led by Nabventures. Faad Network, Anay Ventures, Caret Capital and Mahansaria Family Office have also participated in the round. The proceeds will be used to deepen its logistics network across regions including Bengaluru, Mumbai, Pune and the national capital region, the company said in a press release. It will also launch operations in Hyderabad. Within the next 3-4 years, JustDeliveries plans to extend its presence to 8-10 cities across India. Founded in 2022 by Mahansaria, JustDeliveries solves the challenges of fragmented cold supply chain for perishables and works with leading QSRs, café chains, and brands with fresh and frozen products. Nabventures, a subsidiary of the Indian government’s National Bank for Agriculture and Rural Development (Nabard) invests in agritech, foodtech, rural fintech, healthtech and edtech startups. Its other investments include Unnati, Jai Kisan and TenderCuts in the food and agricultural space.

Beyond Snack raises $8.3 Mn in Series A round

EntrackrEntrackr · 11m ago
Beyond Snack raises $8.3 Mn in Series A round
Medial

Kerala-based banana chips brand Beyond Snack has raised $8.3 million in its Series A funding round led by 12 Flags Group, a consumer business-focused fund established by Rakesh Kapoor, the former global CEO of Reckitt Benckiser. Existing investor NAB Ventures also participated in this round, increasing its stake in the company. Japanese VC firm Enrission India Capital and other existing investors, including Faad Network, also joined. Earlier in July 2023, the brand had raised $3.5 million in a pre-Series A round from the NABVENTURES Fund. The proceeds will be used to drive Beyond Snack’s expansion into new territories, add product innovation, and strengthen its supply chain infrastructure. Founded by Manas Madhu, Jyoti Rajguru, and Gautam Raghuraman, Beyond Snack is a plant-based savory snacks brand that produces its banana chips with no artificial colors or flavors. Beyond Snack claims to have expanded its global footprint. Currently available in 12 countries, the brand is exploring new international markets, where it has seen strong demand for its products.

Lightspeed and Premji Invest lead $170 Mn round in Weaver Services

EntrackrEntrackr · 4m ago
Lightspeed and Premji Invest lead $170 Mn round in Weaver Services
Medial

Weaver Services, a technology-led housing finance platform, has raised $170 million in a funding round led by Lightspeed and Premji Invest, with participation from Gaja Capital. The proceeds will be used to acquire assets, strengthen technology, and expand into tier-II and tier-III cities. Led by founder and vice chairman Satrajit Bhattacharya, Weaver is building a next-generation housing finance platform using AI-driven underwriting models and alternative data to serve India’s underserved affordable housing segment, especially self-employed individuals. The company had earlier acquired Capital India Housing Finance as its anchor asset and is evaluating more acquisitions to scale faster. Weaver operates in a competitive space alongside established housing finance companies such as HDFC Ltd, LIC Housing Finance, Aavas Financiers, Home First Finance, and PNB Housing Finance. Housing finance companies have attracted significant funding in the past 12 months. In December, Vastu Housing raised $100 million from Prosus while Easy Home Finance raised $35 million led by Ranjan Pai’s family office and other investors. In September last year, home finance startup Basic Home Loan raised $10.6 million in a Series B funding round. In October, Vridhi Home Finance also raised $35 million in a round led by Norwest Venture Partners.

Homversity raises $1 Mn from Shuru-UP, IPV and others

EntrackrEntrackr · 1y ago
Homversity raises $1 Mn from Shuru-UP, IPV and others
Medial

Student housing networks platform Homversity has raised $1 million in a pre-Series A round from Shuru-Up, IPV (Inflection Point Ventures), Value Angels, Vinners Group, TAS, Pro-Growth Ventures, Growth 91, and other investors. The Ahmedabad-based company had previously raised $378K from Shuru-Up and more. The proceeds will be deployed towards establishing a premium, scalable student housing operator model, supporting growth initiatives to enhance the platform's reach, and improving its offerings for students across India, Homversity said in a press release. Founded in 2019 by Saurav Kumar Sinha, Homversity is a student housing network organising several verticals of India’s student housing industry. The platform focuses on organising major verticals of the industry, such as quality of stay, good food, and a safe, secure ecosystem for students with hassle-free processes and support systems like a 100% refund on cancellations. Homversity eliminates the hassles of food and living costs by providing a high standard of living and healthy meals, whether students come from rural areas or urban centres. By doing so, it ensures students can focus on education, networking, and personal growth without worrying about these basic necessities. According to market research, the student housing industry in India presents a Rs 58,000 crore opportunity, driven by over 35 million annual student enrollments across 51,000 universities, colleges, and institutes. Homversity states that its strengths lie in its extensive, in-depth database and deep insights into the challenges tenants and landlords face. This understanding allows the platform to address key pain points in the student housing market, offering tailored solutions that enhance the experience for all users.

Homversity raises $1 Mn from Shur-UP, IPV and others

EntrackrEntrackr · 1y ago
Homversity raises $1 Mn from Shur-UP, IPV and others
Medial

Student housing networks platform Homversity has raised $1 million in a pre-Series A round from Shuru-Up, IPV (Inflection Point Ventures), Value Angels, Vinners Group, TAS, Pro-Growth Ventures, Growth 91, and other investors. The Ahmedabad-based company had previously raised $378K from Shuru-Up and more. The proceeds will be deployed towards establishing a premium, scalable student housing operator model, supporting growth initiatives to enhance the platform's reach, and improving its offerings for students across India, Homversity said in a press release. Founded in 2019 by Saurav Kumar Sinha, Homversity is a student housing network organising several verticals of India’s student housing industry. The platform focuses on organising major verticals of the industry, such as quality of stay, good food, and a safe, secure ecosystem for students with hassle-free processes and support systems like a 100% refund on cancellations. Homversity eliminates the hassles of food and living costs by providing a high standard of living and healthy meals, whether students come from rural areas or urban centres. By doing so, it ensures students can focus on education, networking, and personal growth without worrying about these basic necessities. According to market research, the student housing industry in India presents a Rs 58,000 crore opportunity, driven by over 35 million annual student enrollments across 51,000 universities, colleges, and institutes. Homversity states that its strengths lie in its extensive, in-depth database and deep insights into the challenges tenants and landlords face. This understanding allows the platform to address key pain points in the student housing market, offering tailored solutions that enhance the experience for all users.

Modulus Housing raises Rs 70 Cr in Series A round

EntrackrEntrackr · 20d ago
Modulus Housing raises Rs 70 Cr in Series A round
Medial

url: https://entrackr.com/news/modulus-housing-raises-rs-70-cr-in-series-a-round-10830476 Content: Modulus Housing raises Rs 70 Cr in Series A round Proptech startup Modulus Housing has raised Rs 70 crore ($7.83 million) in its Series A round led by Kalaari Capital, Hero, and Samarthya. The round also saw participation from SVAS, Sigma, Zetwerk founder Srinath, Sanjiv Rangrass, and other investors. This is the company’s first institutional funding. Founded in 2018 by Shreeram Ravichandran and P. Gobinath, Modulus Housing operates a factory-made construction model for modular buildings. It uses a cloud manufacturing network made up of partner factories and a proprietary product suite to produce structures for low-rise infrastructure. The company claims to run a profitable business with cumulative revenue of more than Rs 200 crore. The company’s operating revenue increased 38% to Rs 54 crore in FY24 from Rs 39 crore in the previous fiscal year. It didn’t disclose its FY25 numbers. The proceeds will be used for market expansion across India and select global markets, advanced R&D, a next-generation concrete modular system, and scaling its cloud manufacturing network. Modulus also plans to expand its green concrete technology for distributed infrastructure use cases. According to the company, it has completed more than 1,500 buildings across 21 Indian states and parts of Africa. These include modular hospitals, cold storage units, site offices, schools, and distributed infrastructure projects. Modulus Housing is headquartered in Chennai and plans to expand operations across India and emerging markets.

Millenium Babycares raises $14.5 Mn led by Bharat Value Fund

EntrackrEntrackr · 1y ago
Millenium Babycares raises $14.5 Mn led by Bharat Value Fund
Medial

Millenium Babycares, a direct-to-consumer brand, has successfully raised Rs 122 crore (approximately $14.5 million) in a funding round led by Bharat Value Fund, managed by Pantomath Capital. The funding will be used to expand their manufacturing capabilities and enhance their presence in general trade and export markets, Millenium Babycares said in a press release. Founded in 2015 by Dipendra Bhimsaria and Ramprakash Beria, Millenium Babycares specializes in pant-style diapers and offers products in sizes ranging from newborn to XXXL. The company’s products are available on its website as well as through major online platforms like Amazon and Flipkart. The company operates across three segments: baby care, femcare, and adult care. Under the “Bumtum” brand, they produce baby diapers, while adult incontinence products and sanitary napkins are marketed under the “Elduro” and “Freeme” brands, respectively. Based in Indore, Millenium Babycares claims a production capacity of 4 million baby diapers, 500,000 sanitary napkins, and 100,000 adult diapers daily. The firm reported a revenue of Rs 585 crore for the fiscal year 2023-24, achieving a remarkable CAGR of 53% from FY20 to FY24, and generating Rs 150 crore in revenue for the fiscal year ending March 2023.

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