🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Confectionery brand Oroos raises Rs 20 Cr from Fireside, SBI, others

EntrackrEntrackr · 20d ago
Confectionery brand Oroos raises Rs 20 Cr from Fireside, SBI, others
Medial

Oroos Confectionery Pvt. Ltd. has raised Rs 20 crore ($2.26 million) in funding led by Fireside Ventures, with participation from State Bank of India (SBI) and strategic angel investors. The proceeds will be used to set up a fully automated manufacturing facility in Greater Noida and build its distribution network across tier II and tier III towns. Founded in 2025 by Raje Suneet Jain and Prashant Manral, Oroos aims to build a confectionery brand focused on quality, accessibility, and pricing suited for mass-market consumers across India. It plans to target demand from non-metro regions where packaged confectionery adoption is rising. Noida-based Oroos will focus on creating a distribution network to reach general trade, modern trade, and regional retail partners. The new facility will support large-scale production and product development. The firm also plans to capture demand for packaged confectionery as consumers shift from loose, unbranded sweets to branded products. According to IMARC Group, India’s confectionery market was valued at Rs 379 billion in 2024 and is projected to reach Rs 597 billion by 2033 at a CAGR of 5.2%. North India currently contributes 32.8% of the category’s sales. Growth is expected to come from tier II and tier III markets due to urbanisation, rising income, and increased availability of packaged goods.

Related News

Moxie Beauty raises Rs 17.3 Cr led by Fireside Ventures

EntrackrEntrackr · 1y ago
Moxie Beauty raises Rs 17.3 Cr led by Fireside Ventures
Medial

D2C haircare brand Moxie Beauty has raised Rs 17.3 crore or $2.1 million in a new round led by Fireside Ventures. The round also saw participation from a group of angel investors, including Samir Singh (ex Unilever CMO Personal Care, Chair Unilever Asia), Arjun Purkayastha, Suhasini Sampath (founder, Yoga Bar), Navin Parwal and Sangeet Agrawal (founders, Mokobara). In April last year, the Gurugram-based startup had raised $669K in its seed round from Amplify Partners, OTP Venture Partners and others. The new proceeds will be used towards product innovation and research, hiring talent, and expanding distribution channels. Launched by Nikita Khanna and Anmol Ahlawat, Moxie Beauty makes salon-quality hair care products that are tailored for Indian hair textures. Besides essentials like shampoo and conditioner, it offers leave-in products and styling products that help tackle dryness and frizz.

Hudle raises Rs 7 Cr in pre-Series A round

EntrackrEntrackr · 1y ago
Hudle raises Rs 7 Cr in pre-Series A round
Medial

Sportstech platform Hudle has raised Rs 7 crore in its pre-Series A round led by Inflection Point Ventures and Sky Impact Capital. The round also saw participation from Survam Partners and Anay Ventures. The proceeds will be used for footprint expansion, product enhancements and marketing efforts, the company said in a press release. Founded by Suhail Narain, Arjun Singh Verma and Sonam Taneja, Hudle is a sports tech platform catering to the preventive healthcare market. It helps sports and fitness enthusiasts to discover venues in their hyper local markets, book sports activities and connect with like-minded individuals to form communities. Backed by brand ambassadors like Ajinkya Rahane, Hudle claims to have facilitated over one lakh games per month across 1,300 venues in 60 cities. It has an engaged community of over five Lakh players. Last month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round and fintech mobility startup Pumpumpum. Its recent investments include BonV Aero, AllTrak, and Onedioss, among others. According to data intelligence platform TheKredible, Inflection Point Ventures emerged as the most active investors in Q1 2024 with 11 investments. Blume Ventures, Venture Catalysts and Fireside Ventures were next on the list.

Exclusive: FableStreet parent FS Life to raise $4 Mn in Series B

EntrackrEntrackr · 1m ago
Exclusive: FableStreet parent FS Life to raise $4 Mn in Series B
Medial

Exclusive: FableStreet parent FS Life to raise $4 Mn in Series B FS Life, the parent company of D2C women's fashion brand FableStreet, is raising Rs 35.54 crore (around $4 million) led by Colossa Ventures with the participation of existing investor Fireside Ventures and others. FS Life, the parent company of D2C women's fashion brand FableStreet, is raising Rs 35.54 crore (around $4 million) led by Colossa Ventures with the participation of existing investor Fireside Ventures, HirePro Consulting, ASA Holdings, NKA Resources and other angel investors. This is the first fundraise for the company in 3 years since it raised Rs 50 crore in its pre-Series B round led by Fireside Ventures. The board at FS life passed a resolution to issue 10,282 Series B compulsory convertible preference shares at an issue price of Rs 34,568 each to raise the aforementioned sum, as per its regulatory filing with the Registrar of Companies (RoC). Colossa Ventures, through its Colossa WomenFirst Fund, will lead the round with an investment of Rs 10 crore, followed by Fireside Ventures with Rs 7 crore. ASA Holdings and HirePro Consulting will contribute Rs 3 crore and Rs 2.5 crore, respectively. A group of angel investors, including Rahul Garg, Rahul Kayan, and others, will also participate in the round. The company has already received Rs 9.44 crore from the above round in July from Fireside Ventures, Mirabilis Investment Trust, and others, with the remaining amount expected to be received soon. According to Entrackr's estimates, FS Life’s valuation remained flat at Rs 370 crore or $42 million post-money. Founded in 2015 by Ayushi Gudwani, FS Life is a house of women’s apparel and lifestyle brands, including FableStreet, March Jewellery, and Pinkfort. FableStreet focuses on western wear with an emphasis on perfect fits, March offers sterling silver and semi-precious jewellery, while Pinkfort caters to modern Indian wear with a contemporary take on traditional styles. According to startup data intelligence platform TheKredible, the Gurugram-based company has raised over $9.5 million to date, with Fireside Ventures as its lead investor. The company is yet to disclose its FY25 financials. In FY24, it recorded over 40% year-on-year growth in operating revenue, while its losses widened by 70% to Rs 17 crore during the same period. FS Life competes with other D2C fashion and jewellery brands such as NEWME, which raised $18 million in July last year, as well as FabAlley, Fashor (ethnic wear), and jewellery startups like GIVA and Palmonas, among others.

CURRYiT raises Rs 4.5 Cr in seed round

EntrackrEntrackr · 1y ago
CURRYiT raises Rs 4.5 Cr in seed round
Medial

Cooking paste brand CURRYiT has secured Rs 4.5 crore in a seed round co-led by RK Family Trust, Tangent Advisors, and Freeflow Ventures along with participation from Ramesh Damani, Ajaya Jain, and others. CURRYiT had previously raised $139K co-led by RPSG Capital Ventures, IIMU, and others back in 2021. The fresh proceeds will be allocated towards scaling up operations, enhancing brand marketing efforts, and strengthening their distribution channels. According to market research, the Indian ready to cook and spices market is likely to grow at a compounded annual growth (CAGR) of 15.7%. Co-founded in 2020 by Richa Sharma and Nischal Kandula, CURRYIT stamps out the challenges of chemicals, preservatives, dehydrated vegetables and palm oil. It offers a range of cooking pastes including curry pastes such as Kashmiri rogan josh, butter masala, biryani pastes, ginger garlic paste, tomato purees, instant tadka, etc. The Delhi-based company claims to have served more than 25,000 pincodes per day and witnessed over 50% M-o-M growth on Q-commerce platforms. The brand aims to quadruple its monthly revenue in the next 6 months.

Deconstruct raises Rs 65 Cr from L’Oréal’s VC fund BOLD and others

EntrackrEntrackr · 10m ago
Deconstruct raises Rs 65 Cr from L’Oréal’s VC fund BOLD and others
Medial

Deconstruct raises Rs 65 Cr from L’Oréal’s VC fund BOLD and others Deconstruct, a D2C skincare brand, has secured Rs 65 crore ($7.7 million) in funding from L’Oréal’s VC fund BOLD, V3 Ventures, and DSG Consumer Partners, with participation from existing investors Kalaari Capital and Beenext. The funds will support product innovation, leadership in sunscreen and serums, the gentle actives space, and expansion into quick commerce and retail. Founded by Malini Adapureddy, Deconstruct offers skincare for all skin types, focusing on products tailored for India's climate. Deconstruct states it saw 1,000% growth in FY25, achieving annualized net revenue of Rs 200 crore, while reducing losses by 33% during FY24.

Troovy raises Rs 20 Cr in pre-Series A round led by Fireside Ventures

EntrackrEntrackr · 6m ago
Troovy raises Rs 20 Cr in pre-Series A round led by Fireside Ventures
Medial

Troovy, a kids' nutrition-focused food brand, has raised Rs 20 crore ($2.3 million) in its pre-Series A round led by Fireside Ventures. Other investors include Sharrp Ventures, Spring Marketing Capital, and Veltis Capital. Troovy had previously raised an undisclosed seed round in 2023. With the current funding, it plans to scale product development and distribution. Founded by Aditya Mukherjee and Mansi Baranwal, Troovy offers products such as high-protein chips and puffs, protein instant pasta, protein vermicelli, immunity-boosting sauces and spreads, and multi-millet protein milk mixes. All products are made with natural ingredients, without maida, refined sugar, palm oil, or chemical preservatives and additives. Troovy launched with a chemical-free, nutrition-focused ketchup, developed after over a year of trials. The brand uses protein sources such as dals, makhanas, green peas, and millets, and substitutes artificial additives with natural alternatives like soy flour and rosemary extract. It competes with brands like Slurrp Farm, Timios, and The Mumum Co. in the growing kids’ health food segment.

Hunger Inc raises Rs 215 Cr from Lighthouse and DSG Consumer Partners

EntrackrEntrackr · 1m ago
Hunger Inc raises Rs 215 Cr from Lighthouse and DSG Consumer Partners
Medial

Hunger Inc raises Rs 215 Cr from Lighthouse and DSG Consumer Partners Hunger Inc, the parent company of Bombay Sweet Shop and restaurant brands Bombay Canteen, Veronica’s, O Pedro and Papa’s, has raised Rs 215 crore (nearly $25 million) in a new funding round from Lighthouse and DSG Consumer Partners. The round also saw some of its early investors, including CP Gurnani and a few angels, exit via secondary deals. The Mumbai-based company had previously raised $1.69 million in a seed funding round. The Godrej family office is an existing backer of Hunger Inc. The proceeds will be used to expand its production and supply chain capabilities as it looks to increase its footprint outside Mumbai, Hunger Inc said in a media statement. Founded in 2014 by Sameer Seth, Floyd Cardoz, and Yash Bhanage, Hunger Inc operates restaurants, a food magazine, and promotes a team-oriented work culture. Bombay Sweet Shop, its retail brand for Indian sweets, chocolates, and confectionery, now contributes over half of the group’s total revenue. In fiscal 2025, the company clocked Rs 115 crore in revenue with a 9% Ebitda margin and it is expecting to post a topline of Rs 150 crore in FY26. Bombay Sweet Shop is tracking Rs 8-9 crore in monthly revenue. Currently present only in Mumbai, Hunger Inc is planning to expand to Delhi and set up a flagship Bombay Sweet Shop there over the next 12-18 months. At present, the brand has five retail outlets and 18 dark stores, through which it makes direct deliveries from its own website and also through aggregators Swiggy and Zomato. Hunger Inc aims to scale its business-to-business (B2B) and institutional sales. The company supplies to cafe chain Starbucks as well as Oberoi Hotels. Bombay Sweet Shop also recently onboarded IndiGo for in-flight items in the international business class.

Download the medial app to read full posts, comements and news.