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Croft Beverages raises pre-seed funding round

EntrackrEntrackr · 1y ago
Croft Beverages raises pre-seed funding round
Medial

Croft Beverages, a farmer-centric sustainable tea startup, has raised $125K in a pre-seed funding round through a combination of equity and debt. The investment round was led by notable angel investors from the tea, sustainability, IT, and biotech industries. The fresh funds will be used for its farmer-owned FPC model, starting with its first mini-factory in Billicombai near Kotagiri, Croft stated in a press release. Founded by Harish Kannan, Croft Beverages aims to create a sustainable model to improve the livelihoods of small tea growers. The platform aspires to produce ethically sourced tea that is traceable to its roots, transparent in trade, and transformative for farmers. By 2030, it plans to establish a network of over 100 farmer-owned mini factories and empower more than 3,000 small farmers in the Nilgiris region. According to the Tamil Nadu-based company, through strategic initiatives like 100% “farm-to-cup” traceability and best-in-class agronomy, Croft has formed key partnerships with some of the country’s leading brands under its “direct from origin” model. The first batch of tea produced by the farmers' factory has been completely sold out, and Croft is now working on setting up three additional farmer-owned factories in 2025. Croft claims that each mini-factory directly turns 25 small farmers into entrepreneurs, increasing their income by 3x.

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Beverage startup CHINI KUM raises pre-seed funding

EntrackrEntrackr · 20d ago
Beverage startup CHINI KUM raises pre-seed funding
Medial

Beverage startup CHINI KUM raises pre-seed funding Zero-sugar beverage startup CHINI KUM has raised Rs 1 crore in a pre-seed funding round from angel investors and founder participation. The startup is entering the Indian beverage market with a portfolio of zero-sugar, low-calorie beverages. The round saw participation from Shobhit Gupta, promoter at One8 Commune Restaurants, Varun Sachdeva, head of ecommerce at boAt, and Eiti Singhal of Eiti Ventures, along with other angel investors. The startup plans to use the fresh capital to invest in product innovation, expand flavour offerings, and scale distribution across India. A portion of the funds will also be used to strengthen quick commerce and online sales channels. Founded by Priyank Jain, CHINI KUM is launching its products through its direct-to-consumer website and has made an exclusive debut on Swiggy Instamart across select metro cities. The company is starting with carbonated and non-carbonated beverages in lemon and mango flavours. According to the company, the drinks are sweetened using stevia and monk fruit extract and contain prebiotic fibre. The beverages are positioned at lower calorie levels compared to traditional sugar-based drinks. CHINI KUM is pricing its products starting at Rs 30 for a 160 ml pack and plans to expand availability across metro and Tier I markets. The company stated that it is focusing on quick commerce platforms to reach consumers looking for alternatives in the beverage category.

Space tech startup Akashalabdhi raises $1.2 Mn in pre seed round

EntrackrEntrackr · 5m ago
Space tech startup Akashalabdhi raises $1.2 Mn in pre seed round
Medial

Snippets Space tech startup Akashalabdhi raises $1.2 Mn in pre-seed round The proceeds will be used to develop ANTARIKSHAB, an expandable space habitat designed for orbital logistics, microgravity experiments, space habitation, and defense applications. Akashalabdhi, a space tech startup developing expandable space habitats and dual-use defense technologies, has raised $1.2 million in a pre-seed funding round from Uday Chatterjee, Romesh Sobti, Suraj Nalin, LVX, 1Crowd, and Riceberg Ventures. "Our vision is clear. We want to put India at the forefront of orbital infrastructure and space habitation by innovating dual-use technologies. The successful close of our pre-seed funding round is a significant milestone that brings us closer to this goal. With the support of our investors, we are one step closer to making ANTARIKSHAB a global reality,” said Siddharth Jena, Founder of Akashalabdhi. Incubated at FSID, Indian Institute of Science (IISc), and TIDES, IIT Roorkee, and supported by KickSky Accelerator, the company leverages research and mentorship to transform visionary concepts into scalable solutions.

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