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Cherrapunji Craft Gin raises $1.2 Mn in pre-Series A round
Entrackr
ยท
5m ago
Medial
Raincheck Earth Co., the maker of alcoholic beverage startup Cherrapunji Craft Gin, has raised $1.2 Mn in pre-Series A round from Japanese investors. The round also saw participation from AngelList India Syndicate, who doubled down on their previous investments. The startup raised its seed round in May 2023. The proceeds will be used to ramp up its domestic and global expansion, increasing distribution and visibility for Cherrapunji Craft Gin in key markets. Founded by Mayukh Hazarika, Cherrapunji Eastern Craft Gin was launched in 2023 from Cherrapunji in Meghalaya. The North East Indian town is known as the rainiest place on earth and has the world record for the highest amount of rainfall in a year, and it is this rainwater that is purified and used alongside North East Indian botanicals to make Cherrapunji Gin. According to the company, its bottles are made of military-grade stainless steel with the aim of minimising the gin's carbon footprint and providing a reusable container, and in 2024 Cherrapunji Gin was voted as 'Gin Bottle of the Year 2024' by The Gin Guide readers and followers. The firm claims to have gained significant global recognition for its flagship product, which has already won 13 global awards since launch.
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Northeast Indian startup raises $1.2 million in pre-series A round
Inshorts
ยท
5m ago
Medial
Raincheck Earth Co., the makers of Cherrapunji Craft Gin, has raised $1.2 million in a pre-Series A funding round from two prominent Japanese investors, with participation from AngelList India Syndicate. This funding round marks a notable development for the company, making it the first beverage startup from Northeast India to attract foreign investment.
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Tiger Global-backed Battery Smart raises $33 Mn in pre Series B
Entrackr
ยท
2y ago
Medial
Battery swapping network Battery Smart has raised $33 million in a pre-Series B funding round. The round saw participation from the startupโs existing investors Tiger Global and Blume Ventures and new investors The Ecosystem Integrity Fund (EIF) and British International Investment (BII).
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India Quotient backs furniture startup Furnishka; Ai Health Highway raises $1 mn
VCCircle
ยท
10m ago
Medial
- Furnishka, a furniture retailer based in Bengaluru, has raised Rs 27 crore ($3.2 million) in a pre-Series A funding round, led by India Quotient. - The funding will be used to improve product design, manufacturing, supply chain capabilities, and expand to new locations. - Furnishka aims to expand its product categories, open six large-format stores, and create educational content for customers. - Ai Health Highway, a healthtech startup, has secured $1 million in a pre-Series A funding round. - The funding will be used to strengthen its market position, speed up international regulatory approvals, and enhance AI/ML capabilities in the cardio-respiratory sector.
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ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia
Entrackr
ยท
6m ago
Medial
ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia Healthtech startup ErlySign has raised Rs 16 crore ($1.8 million) in its pre-Series A round from Ashish Kacholia. The proceeds will be used in clinical trials, securing CDSCO (Central Drugs Standard Control Organisation) approvals, and bringing ErlySignโs oral cancer detection kit to market. Founded in 2019 by Shubhendra Singh Thakur and Deovrat Begde, ErlySign develops solutions for early detection of oral cancer. The startup also claims to offer Indiaโs first salivary biomarker-based test which can identify pre-cancerous conditions much before visible symptoms emerge. Looking ahead, ErlySign plans to use CRISPR miRNA-based testing technology to detect multiple types of cancer using the same saliva sample within 15โ20 minutes.
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Ice cream brand Go Zero raises $1.5 Mn
Entrackr
ยท
1y ago
Medial
Ice cream brand Go Zero has raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures, among others. The round also saw participation from notable angel investors such as Arjun Purkayastha. Earlier in August last year, the startup had raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Currently present in 16 cities and over 125 dark stores, Go Zero ice cream brand is available on both quick commerce and e-commerce platforms in less than two years of launch. In FY24, Go Zero claims to have grown 4X compared to FY23 and while it saw 7X growth on quick commerce in just 5 months this summer. Go Zero competes with Hocco and NIC. Last year, NIC had raised $11 million in a growth funding round led by Jungle Ventures whereas Hocco recently raised $12 million from Chona family and others.
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Healthify Raises $20 Mn For US Expansion
Inc42
ยท
9m ago
Medial
Healthify has concluded its Pre-Series D funding round at $45 million, which will be used to expand globally, particularly in the United States, and enhance its artificial intelligence capabilities. The startup reported operational profitability in India and aims to achieve positive earnings before interest, taxes, depreciation, and amortization (EBITDA) by the end of fiscal year 2025.
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Bare Anatomy parent Innovist raises $7 Mn from Amazon Smbhav Venture Fund, others
Inc42
ยท
1y ago
Medial
Innovist, the parent company of D2C consumer brands Bare Anatomy and Chemist at Play, has secured $7 million in a Series A funding round led by Amazon Smbhav Venture Fund. Other existing investors, including 72 Ventures, the family office of Nykaa founder Falguni Nayar, and former KKR India head Sanjay Nayar, also participated in the round. The funds will be used for product innovation, market expansion, and team building. Innovist raised $3.5 million in a pre-series A funding round last year and has garnered over $13 million in total funding.
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GreenFortune raises $4.5 mn funding round led by Foundamental
Inshorts
ยท
4m ago
Medial
GreenFortune, a Hyderabad-based windows and doors brand, secured $4.5 million in a Pre-Series A round led by Foundamental, with Titan Capital Winners Fund and Incubate Fund Asia. The funds will drive national expansion, scale production sixfold, and enhance its tech platform. GreenFortune aims for โน250 crore ARR in two years while revolutionising Indiaโs fenestration industry.
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Matel, three others secure early-stage funding
VCCircle
ยท
1y ago
Medial
Four startups have secured early-stage funding. Matel, an e-mobility startup, raised $4 million in a Series A funding round. InstaAstro, a spiritual tech startup, raised $2.3 million in a pre-Series A funding round. The Betel Leaf Co, a local savoury startup, raised $1.2 million in a bridge funding round. Finally, Stylework, a co-working startup, raised $120,000 in an extended Series A funding round. These funds will be used for scaling up production, new product development, expanding teams, and expanding retail and online presence.
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VC-backed Samunnati raises another $5 mn in pre-Series E round
VCCircle
ยท
2m ago
Medial
Samunnati Financial Intermediation Services, an agri-focused non-banking financial company, has raised Rs 42.5 crore ($5 million) from Elevar Equity as part of its pre-Series E funding round. This investment, the first equity infusion for the company this financial year, strengthens its capital base. Samunnati aims to enhance its inclusive agriculture ecosystem, benefiting farmers by integrating financial, market, and advisory services. Talks with venture capital firms for a Series E round are underway.
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