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Butternut Box Secures $354 Million in Funding for Subscription Dog Meals

Robots · 1y ago

Butternut Box Secures $354 Million in Funding for Subscription Dog Meals

Butternut Box, a UK-based startup specializing in healthy dog food, has raised £280 million ($354 million) in funding from General Atlantic and L Catterton. The company offers high-quality, customizable dog meals, snacks, and supplements, emphasizing pet nutrition and convenience. With plans for expansion across Europe, Butternut Box aims to address pet obesity concerns and meet the demand for healthier pet food options. The investment highlights the growth of the pet industry, with the broader pet food market expected to reach $100 billion by 2022.

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Rubrik’s IPO filing hints at thawing public markets for tech companies

TechCrunch · 1y ago

Rubrik’s IPO filing hints at thawing public markets for tech companies

Data cybersecurity company Rubrik has filed for an initial public offering (IPO) after raising over $500 million in private funding. The move follows recent IPOs from Reddit and Astera Labs, signalling a warming market for tech companies. Rubrik's cloud-based data protection platform serves enterprise customers, with over 1,700 clients with an annual contract value of $100,000 and nearly 100 customers paying over $1 million annually, according to its IPO filing. While Rubrik saw moderate growth as a software firm, its subscription revenue grew 40% from its fiscal 2023 to fiscal 2024. However, the company also reported net losses of $354 million in its most recent fiscal year.

Space industry funding in India falls 55% in 2024, may pick up this year

VCCircle

VCCircle · 7m ago

Space industry funding in India falls 55% in 2024, may pick up this year

In 2024, funding for India's space industry dropped by 55% to $59.1 million, contrasting a global decline of 20%. This marks the first decline in at least five years, according to Tracxn. Despite high-profile missions like the Chandrayaan-3 lunar landing, total funding for Indian space startups over the past five years reached $354 million. A government fund aims to boost investment, with expectations of a rebound in 2025 as companies reach crucial milestones.

Pet parenting startup Sploot raises $800K from Redstart Labs, angels

IndianStartupNews

IndianStartupNews · 1y ago

Pet parenting startup Sploot raises $800K from Redstart Labs, angels

Gurugram-based pet parenting startup Sploot has secured $800,000 in a seed funding round led by Info Edge's subsidiary, Redstart Labs, along with participation from angel investors. Sploot plans to use the funds to expand its services, including dog walking, grooming, and ready-to-feed dog food, while also focusing on territorial expansion. The startup, founded in 2019, operates as an online community for dog owners, offering information on dog health, behavior, and nutrition through its app.

Livpure secures ₹233 crore from M&G, Ncubate, to expand subscription network

Livemint

Livemint · 11m ago

Livpure secures ₹233 crore from M&G, Ncubate, to expand subscription network

Water purifier provider Livpure has raised INR2.33bn ($31.3m) in funding from investors including M&G Investments and Ncubate Capital Partners. The Indian firm plans to use the funds to expand its subscription network from 26 to 50 cities over the next three years, as well as enhance its technology stack. Livpure's subscription model for water purifiers has gained traction in tier-two cities, with adoption rates increasing. The company also aims to explore opportunities to extend its subscription model to other product categories.

Kerala-based startups witness 40% surge in seed-stage funding in 2023: Report

Livemint

Livemint · 1y ago

Kerala-based startups witness 40% surge in seed-stage funding in 2023: Report

According to the Tracxn Geo Annual Report, Kerala-based startups experienced a significant increase in seed-stage funding in 2023. Investments in this stage reached $26.2 million, representing a 40% surge compared to 2022. The most active investors in seed-stage rounds were Avaana Capital Advisors, 9Unicorns, and Huddle. However, early-stage funding witnessed a drop of 32%, totaling $7 million in 2023. Food & Agriculture Tech startups saw a remarkable funding increase of 266%, while the ed-tech sector faced a decline. Kochi emerged as the leader in funding, followed by Alappuzha and Thiruvananthapuram. The Kerala startup ecosystem ranks 11th in India with $354 million in total funding.

Make in Box secures $260K in pre-Series funding round

Entrackr

Entrackr · 5m ago

Make in Box secures $260K in pre-Series funding round

Make in Box secures $260K in pre-Series funding round Deep-tech startup Make in Box (MIB) has raised $260,000 in a pre-Series funding round led by Mile Deep Works and its affiliate, Mile Deep Capital. The fresh funds will be used to enhance decentralized supply chains and develop mobile smart factory technologies, including its flagship product, “Mfreezer,” MIB said in a press release. Founded in 2020 by Ullas Esturi, Make in Box (MIB) is a deep-tech startup focused on smart factories and agritech solutions. It integrates AI and mobile smart factory technologies, aiming to decentralize supply chains and improve manufacturing efficiency across multiple industries. The company’s solutions serve industries such as auto ancillary, aerospace, defense, construction, inland fisheries, and farming. MIB aims to redefine industrial production by minimizing capital expenditure while maximizing efficiency and sustainability. Its mobile smart factories will bridge the gap between demand and production, ensuring localized and accessible manufacturing solutions that drive economic growth and technological progress. According to MIB, its flagship product “Mfreezer” uses advanced mobile IQF (Individually Quick Frozen) technology to flash-freeze produce at the source, preserving food quality and streamlining supply chains. This innovation aims to boost efficiency and sustainability in the frozen food sector.

Shark Tank Fame Vobble Bags Funding From Lumikai, Others

Inc42 · 1y ago

Shark Tank Fame Vobble Bags Funding From Lumikai, Others

Bengaluru-based startup Vobble, a kids' audio content platform, has raised $1m in a seed funding round led by Lumikai. The company plans to use the funds to develop its product and team, increase user retention and improve its net promoter score. Vobble, founded in 2023 by Neha Sharma and Sowmya Jagannath, offers a range of content for children aged four to 12. Its services include a monthly subscription for audio content, as well as a Vobble box including specially designed headphones for kids and activity books.

Jow Raises $13M in Additional Funding

Finsmes · 1y ago

Jow Raises $13M in Additional Funding

Paris-based grocery shopping app, Jow, has raised $13 million in additional funding to expand into the US. The app combines retail media, consumer data, and algorithms to help users plan meals and shop for groceries efficiently. With over 6 million users worldwide and partnerships with major retailers such as Auchan, Carrefour, and Intermarché, Jow aims to streamline the meal planning and grocery shopping experience. The funding round was backed by investors including Northzone and Eurazeo.

CredFlow, Order For Health bag early-stage fundings

VCCircle

VCCircle · 8m ago

CredFlow, Order For Health bag early-stage fundings

CredFlow and Order For Health have both secured early-stage funding. CredFlow, a fintech startup that provides cash flow management solutions for Indian SMEs, raised $3.7 million in a pre-Series B funding round led by Inflexor Ventures and a Singapore-based family office. The funds will be used to grow its lending business and develop new products. Order For Health, a food brand offering healthy meals, raised Rs 1 crore in a seed funding round led by Inflection Point Ventures. The funding will support production expansion and opening new stores.

BluSmart launches pet travel service in Delhi and Gurugram

YourStory

YourStory · 5m ago

BluSmart launches pet travel service in Delhi and Gurugram

BluSmart, an EV ride-hailing company, has launched a pet-exclusive service in Delhi and Gurugram, providing electric vehicles for pet travel. The service, aimed at making pet commutes convenient and safe, includes features like foldable dog seat hammocks and carrier space. This initiative follows similar launches by competitors Rapido and Uber in Bengaluru. BluSmart, founded in 2019, also operates in Mumbai and the UAE, and plans to raise $50 million in Series B funding.

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