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Candytoy Corporate raises Rs 110 Cr in Series A round

EntrackrEntrackr · 1y ago
Candytoy Corporate raises Rs 110 Cr in Series A round
Medial

Indore-based Candytoy Corporate (CTC), a global manufacturer of plastic promotional toys and confectionery, has raised Rs 110 crore (about $13.22 million) in its Series A round from a group of domestic investors including Abakkus Asset Managers, Girik Capital, Param Capital Research, Sixth Sense Ventures, and Viney Equity Market. The proceeds will be used to expand its manufacturing capabilities and invest in building a strong talent pool to support its rapid growth. Founded by Gaurav Mirchandani, CTC supplies candy toys and promotional toys to over 40 countries across three continents, and this strategic move aligns with its vision of scaling operations to meet increasing global demand. CTC employs over 2,000 people and operates six manufacturing units in Indore, Delhi, and Hyderabad, as well as a facility in Jebel Ali, Dubai. The company also collaborates with 11 contract manufacturers to meet its growing demand. Currently, CTC claims to have a daily production capacity of 10.5 million candy toys, using over 250 machines while maintaining stringent quality standards. The platform exports to regions including Europe, the United States, Africa, Turkey, Japan, the Middle East, and more.

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MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round

EntrackrEntrackr · 10m ago
MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round
Medial

MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round Drone technology startup Garuda Aerospace has raised Rs 100 crore ($11.6 million) in its Series B funding round led by Venture Catalysts (VCAT) at a post-money valuation of $250 million. Previously, the firm had raised $22 million in its Series A round led by Venture Capital firm SphitiCap in February 2023. The fresh proceeds will be used to scale up drone manufacturing, enhance production capabilities, and complete an R&D and testing center focused on defense drone technology. Founded in 2015 by Agnishwar Jayaprakash, Garuda has grown to a team of over 200 members and manufactures 30 drone types while offering 50 services. Garuda currently holds over 20 patents and operates a fleet of over 400 drones with 500 trained pilots across 84 cities. It serves clients including government agencies and major corporations such as TATA, Reliance, and Adani. It has also partnered with global companies like Lockheed Martin and Elbit Systems. As per TheKredible, Garuda Aerospace’s revenue from operations grew by 2.3X to Rs 110 crore in FY24 from Rs 47 crore in FY23. Its net profit reached Rs 16 crore in FY24, a 2.7X increase from Rs 6 crore in the previous year. Garuda competes with the likes of ideaForge, Aarav Unmanned Systems, Throttle Aerospace Systems, General Aeronautics, and Omnipresent Robot Tech in the drone manufacturing and drone-as-a-service (DaaS) segment across defense, agriculture, and industrial applications.

Wint Wealth raises Rs 250 Cr in Series B round

EntrackrEntrackr · 1m ago
Wint Wealth raises Rs 250 Cr in Series B round
Medial

Wint Wealth raises Rs 250 Cr in Series B round Debt investment platform Wint Wealth has raised Rs 250 crore (nearly $28 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from existing investors including Eight Roads Ventures, 3one4 Capital, Arkham Ventures, and Rainmatter. Last month, Entrackr had exclusively reported on the company’s Series B round and valuation. Prior to this round, Wint Wealth had raised about $22 million (Rs 173 crore) from investors including Eight Roads Ventures, Zerodha, 3one4 Capital, and Unitary Fund. The company last raised a $17 million Series A round. The proceeds will be used to scale the platform, expand product offerings, and strengthen its credit and compliance infrastructure. Wint Wealth is also expected to deepen partnerships with issuers and improve distribution of fixed-income products to retail investors. Founded in 2020, Wint Wealth allows retail investors to invest in fixed-income products such as corporate bonds, securitized debt instruments, and non-convertible debentures (NCDs) asset classes that were largely limited to institutional investors earlier. The firm operates as a SEBI-registered Online Bond Platform Provider, enabling individuals to access listed bonds digitally. The Bengaluru-based startup has been focusing on building a transparent and regulated marketplace for debt investments, as more retail investors look beyond equities and mutual funds for stable returns. Wint Wealth is yet to file its FY25 numbers. In FY24, the company posted Rs 17.2 crore operating revenue with a loss of Rs 18 crore. According to data compiled by Entrackr, Indian wealthtech startups raised over $634 million across 51 deals involving 39 startups during 2024 and 2025. However, the sector saw limited large-ticket rounds, with only six deals of $30 million or more.

Exclusive: Deeptech IoT startup Datoms to raise Rs 25 Cr in Series A

EntrackrEntrackr · 18d ago
Exclusive: Deeptech IoT startup Datoms to raise Rs 25 Cr in Series A
Medial

Snippets Exclusive: Deeptech IoT startup Datoms to raise Rs 25 Cr in Series A Datoms is raising $2.77 million (approximately Rs 25 crore) in a Series A funding round led by BIG Global Investments JSC, with participation from existing investors YourNest Innovative Products VC Fund and IvyCap Ventures. Datoms has passed a special resolution to issue 58,349 Series A compulsorily convertible preference shares (CCPS) and two equity shares at an issue price of Rs 4,274 per share, aggregating to a total fundraise of Rs 25 crore, according to regulatory filings accessed from the Registrar of Companies (RoC). BIG Global Investments JSC will lead the round with an investment of Rs 15 crore, followed by YourNest Innovative Products VC Fund with Rs 6 crore and IvyCap Ventures with Rs 4 crore, taking the total round size to Rs 25 crore. As per Entrackr’s estimates, the company will be valued at around Rs 110 crore ($12.18 million) on a post-money basis. The fresh capital will be used to support growth and expansion, meet operational requirements, and fund general corporate purposes. Previously, the startup had raised $1.2 million led by Yournest VC in October 2023. Co-founded by Amiya Samantaray, Nataraj Sahoo, Amrit Biswal, and Asish Sahoo, Datoms is a Bhubaneswar-based deeptech startup building a connected operations cloud that unifies people, processes, and machines on a single platform. Its industrial IoT solutions help sectors such as construction, warehousing, agriculture, mining, and ports improve efficiency, automate workflows, and optimise asset management. Following the Series A round, BIG Global Investments JSC will hold a 12.00% stake in Datoms, while YourNest Innovative Products VC Fund and IvyCap Ventures will hold 14.74% and 3.20% stakes, respectively. For the fiscal year ended March 2025 (FY25), Datoms reported operating revenue of Rs 5.57 crore, up from Rs 3.09 crore in FY24. The company’s losses widened to Rs 5.82 crore in FY25 from Rs 4.38 crore in the previous fiscal year.

Rebel Foods raises $13 Mn debt

EntrackrEntrackr · 1y ago
Rebel Foods raises $13 Mn debt
Medial

Cloud kitchen brand Rebel Foods has raised Rs 110 crore ($13.2 million) in debt from Alteria and InnoVen Capital. This is the fifth debt funding for the parent company of EatSure (previously Faasos) after its last equity round in 2021. The board at Rebel Foods has passed a special resolution to issue 11,000 Series G1 non-convertible debentures at an issue price of Rs 1,00,000 per debenture to raise Rs 110 crore, regulatory filings with the Registrar of Companies (RoC) show. Orbis Trusteeship (through Alteria) has invested Rs 65 crore while Vistra ITCL ( via InnoVen Capital) pumped in Rs 45 crore during the debt round. The tenure of paying Series G1 debt is up to 01 May 2027. According to filings, each debenture issued in the debt round shall be entitled to the interest of 13.90% per annum. The interest shall be payable on a monthly basis. In April last year, it raised Rs 75 crore ($9 million) in debt from Catalyst Trusteeship (Northern Arc) and Stride Ventures. In 2022, the Mumbai-based firm received Rs 230 crore across three debt fundings. Rebel Foods operates food brands such as Faasos, Behrouz Biryani, Oven Story Pizza, Mandarin Oak, The Good Bowl, and Slay Coffee with more than 450 kitchens in over 70 cities. It has a portfolio of over 45 brands across multiple countries—India, United Arab Emirates (UAE), Saudi Arabia and the UK. The company is planning to take Oven Story Pizza offline and will open 250-300 outlets over the next two-three years. The Jaydeep Barman-led company entered the unicorn club after a $175 million Series F round led by Qatar Investment Authority in October 2021. The Peak XV-backed company raised its last equity round of $14.5 million in November 2021. Rebel Foods’s operating revenue surged to Rs Rs 1,258 crore in FY23 from Rs 856 crore in FY22. According to startup data intelligence platform TheKredible, its losses jumped to Rs 656 crore in FY23 from Rs 564 crore in the previous year. As per media reports, Rebel Foods is planning for an initial public offering (IPO) by 2025, making it the first firm from cloud kitchen space to list on the Indian stock exchange.

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