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DSP leads $2 Mn seed round in ArthAlpha

EntrackrEntrackr · 8m ago
DSP leads $2 Mn seed round in ArthAlpha
Medial

Investment technology firm ArthAlpha has raised over $2 million in a seed funding round led by DSP, with participation from family offices and wealth managers. The proceeds will be utilized to enhance its technological capabilities, scale its data infrastructure, and further develop its investment management offerings in Indian public equities, ArthAlpha said in a press release. Co-founded in 2022 by Rohit Beri and Rohit Jha, ArthAlpha is an investment technology and investment management platform that leverages data-driven insights to empower investors with state-of-the-art investment solutions. The startup specializes in Portfolio Management Services (PMS) and AI-driven investment research. The Bengaluru-based company intends to deliver consistent and superior long-term investment outcomes for its clients. “With the support of our investors, we are accelerating the development of AI-driven investment research platforms that will empower us to deliver insights and strategies that are not only smarter but also more personalized. As we scale our offerings and broaden our reach, we are excited to lead the charge in transforming investment management for the future,” said Rohit Beri, CEO and co-founder of ArthAlpha. ArthAlpha plans to expand its research team and refine its proprietary algorithms to make more accurate and timely investment decisions. Its strategic focus includes expanding its client base and developing new product offerings within the investment management sector. ArthAlpha integrates technology with investment management to provide data-backed insights and quantitative investment solutions for investors. It also aims to develop a cutting-edge quantitative investment research platform for other investment firms, which will support improved decision-making and deliver enhanced investment outcomes.

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DSP Mutual Fund acquires Volt Money

EntrackrEntrackr · 7m ago
DSP Mutual Fund acquires Volt Money
Medial

DSP Mutual Fund has acquired Volt Money, a platform providing instant secured loans against mutual funds, according to three sources aware of the development. “The two companies were in talks for the past few months and the deal ultimately closed last month. Following the acquisition, Volt Money key team members will join DSP Mutual Fund,” said one of the sources requesting anonymity as talks are private. Volt Money collaborates with lenders and distribution partners to provide instant secured loans with favorable terms. The company offers credit lines ranging from Rs 25,000 to Rs 1 crore, with interest rates starting at 9% and flexible repayment options. Led by Lalit Bihani, Ankit Agarwal, and Bharat Lamba, the firm raised $1.5 million in a Seed round led by Titan Capital and All In Capital, with participation from individuals including Praveen Jadhav of Raise Ventures, Aditi Kothari of DSP Adiko Holdings, Gemba Capital, Kunal Shah of Cred, and Ashish Kehair and Rahul Jain from Nuvama Wealth. Managed by DSP Investment Managers, DSP Mutual Fund offers investment products across equity, debt, hybrid, and international funds. According to sources, the deal did not provide significant returns for investors. “Volt was unable to secure a follow-on round after its seed funding, but this is a reasonable outcome for the founders,” said another source who wished to remain anonymous. Queries sent to Volt Money and DSP Mutual Fund did not elicit responses until publication of the story. Volt Money competes with Quicklends and DhanLap. Last year, fintech unicorn BharatPe also entered the loans-against-mutual-funds space through a partnership with Volt Money.

Fragaria Fruits raises $2 Mn in seed round led by WEH Ventures

EntrackrEntrackr · 7d ago
Fragaria Fruits raises $2 Mn in seed round led by WEH Ventures
Medial

Fragaria Fruits raises $2 Mn in seed round led by WEH Ventures Farming company Fragaria Fruits has raised $2 million in a seed funding round led by WEH Ventures, along with participation from Rainmatter, Spiral Ventures, and angel investors such as Sashi Kumar. The startup had previously raised Rs 1.5 crore in a pre-seed funding round. The fresh funds will be utilized to scale its operations in Bengaluru, expand its premium fruit portfolio to include blueberries and raspberries, and provide a year-round supply of high-quality, sustainable produce to the Indian market, Fragaria said in a press release. Co-founded in 2024 by Harish Varadharajan, Timothy Chad Van Niekerk, and Damian López-Salazar, Fragaria Fruits aspires to address a critical gap in India’s fruit industry: the lack of consistently high-quality, fresh fruit available year-round. It aims to redefine the fruit-eating experience for Indian consumers by delivering premium, sustainably grown produce using world-class farming techniques. According to the Chennai-based startup, its flagship brand, Oh! Fruits, offers European strawberries grown in Chennai using advanced vertical farming technology, which are twice as sweet as conventional Indian varieties, pesticide-free, and have a shelf life up to three times longer than typical market options. The company’s commitment to sustainability is reflected in its water recycling systems, solar power integration, and efforts to reduce the environmental footprint of farming while maintaining affordability. By using Controlled Environmental Agriculture (CEA) and vertical farming, Fragaria has built a sustainable and scalable model to grow premium strawberries year-round. It plans to expand production in Bengaluru, increasing daily output from 2–3 kg to 120–150 kg. The startup doesn't have any local brands to compete with for fruits, but there are limited imported fruit brands in India, such as Driscoll’s (berries), Zespri (kiwi), and Rockit (apples).

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