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EduFund raises $6 Mn Series A round led by Cercano Management

EntrackrEntrackr · 1d ago
EduFund raises $6 Mn Series A round led by Cercano Management
Medial

EduFund, a full-stack education-planning and financing platform, has raised $6 million (Rs 50 crore) in a Series A round led by Cercano Management and MassMutual Ventures, taking its total funding to $12 million. The proceeds will be used to roll out an AI-powered personalized planning engine, expand loan access for undergraduate students, and strengthen its presence in tier-II and tier-III cities, where education costs are rising faster than income. Founded in 2020, the platform offers Indian families a complete toolkit to fund domestic and international education, combining investment plans, education loans, visa and forex services, and on-demand expert counselling. EduFund supports over 250,000 families and partners with more than 40 asset management firms and over 15 lending institutions, including public and private sector banks, NBFCs, and global lenders. It also collaborates with consumer brands such as Hamleys, Prisms (school ERP), and DTDC.

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ClickPost raises $6 Mn in Series A round

EntrackrEntrackr · 1y ago
ClickPost raises $6 Mn in Series A round
Medial

Shipping intelligence platform ClickPost has raised $6 million in its Series A round led by Inflexor Ventures Partners and Athera Venture Partners. The round also saw participation from Riverwalk Holdings and an existing investor Rebright Partners. Previously, the startup had raised an undisclosed amount in seed round in April 2020. The funding will be used for launching new AI-driven modules, global growth and hiring, the company said in a press release. Initially launched as a developer tool to help engineers integrate with courier APIs, ClickPost pivoted to provide a post-purchase experience platform for brands. Founded by Naman Vijay, ClickPost is an all-in-one logistics management platform that provides everything from accurate delivery dates in the pre-purchase journey to multi-carrier integration, tracking visibility, returns and exchange management, and omnichannel enablement. The firm said that it has helped large fashion retailers convert more than 35% of their returns to exchanges, and has helped others improve shipping NPS by upto 40%. The startup claims to have tracked more than 1 million shipments daily, and is aiming to grow 5x in the next 2 years. Over 300 eterprises across India, North America, APAC, and the Middle East use ClickPost.

Routematic raises $40 Mn led by Fullerton Carbon Action Fund and Shift4Good

EntrackrEntrackr · 2m ago
Routematic raises $40 Mn led by Fullerton Carbon Action Fund and Shift4Good
Medial

Routematic raises $40 Mn led by Fullerton Carbon Action Fund and Shift4Good Routematic, a provider of employee fleet management and transport automation solutions, has secured $40 million in a Series C funding round led by Fullerton Carbon Action Fund and Shift4Good. Routematic previously raised approximately $6 million across investment rounds led by Blume Ventures, VAMM Ventures, and Bosch between 2015 and 2021. In November 2020, it raised $2 million from Bosch Limited at a valuation of $28 million. The company's current valuation could not be ascertained. Routematic’s next phase includes setting up city-level command centers to manage fleet operations based on demand. It also plans to convert 30% of its fleet to EVs to support clients' ESG goals. Routematic offers a full range of services for corporate mobility, including technology for transport, transport as a service using its own fleet, and transport operations management. Currently present in over 23 cities across India servicing more than 300 clients and 300K monthly users. India’s employee transportation market is expected to reach $13.2 billion by 2030, driven by business growth, employee needs, and sustainability. Routematic plans to grow its corporate commute services and expand its fleet to over 10,000 vehicles in the top five cities by March 2026.

Lucidity raises $21 Mn in Series A led by WestBridge

EntrackrEntrackr · 5m ago
Lucidity raises $21 Mn in Series A led by WestBridge
Medial

Lucidity raises $21 Mn in Series A led by WestBridge Lucidity, a multi-cloud storage management platform, has raised $21 million in a Series A investment led by WestBridge Capital, with participation from existing investor Alpha Wave. The Series A round follows a seed round follow-on investment by BEENEXT in June 2024. Previously, Lucidity had closed a pre-seed round of $500K and a $5.3 million seed round in June 2022. The company has raised a total of $31 million in funding to date. Lucidity plans to expand the go-to-market team and continue innovating the platform to solve key storage management problems for enterprises around the world. Lucidity’s cloud storage platform automatically expands and shrinks block storage based on real-time data needs, reducing costs by up to 70% for large enterprises. Its NoOps, application-agnostic layer integrates seamlessly with existing systems—without any code changes. By automating storage management, Lucidity frees IT and DevOps teams to focus on innovation and efficiency. “Lucidity delivers the only platform for ITOps and DevOps organizations to automatically manage and optimize their block storage in real-time across all three major cloud providers while significantly reducing costs. As a result, we’re honored by the ongoing interest we’ve received and the opportunity to work with some of the largest enterprises in the world to empower them to seamlessly manage their cloud storage for the first time,” said Nitin Bhadauria, co-founder of Lucidity. Since its inception in 2021, Lucidity has grown 400% year-over-year by pioneering automation in cloud block storage. Enterprises like World Market, Dometic, and Fortune 500 companies—including a major airline and a top credit ratings firm—use Lucidity to optimize storage and cut cloud costs. Lucidity has offices in Boston, Bengaluru, and Abu Dhabi, with customers all around the globe.

DrinkPrime raises $3 Mn from SIDBI Ventures

EntrackrEntrackr · 1y ago
DrinkPrime raises $3 Mn from SIDBI Ventures
Medial

DrinkPrime, a subscription-based reverse osmosis (RO) water supplying startup, has raised $3 million from SIDBI Venture Capital Ltd. (SVCL), an investment management company and a wholly owned subsidiary of SIDBI. The Bengaluru-based startup had raised Rs 60 crore ($7.5 million) in a mix of equity and debt round led by Omidyar Network India, others in July 2022. Prior to that, it raised around Rs 21 crore in its pre-series A round led by Peak XV’s Surge in August 2021. Founded in 2016 by Vijender Reddy and Manas Ranjan Hota, DrinkPrime works towards enabling access to clean drinking water with Internet-of-Things (IoT)-enabled customised water purifiers on subscription to users. DrinkPrime currently provides clean drinking water access to over 2 lakh families across seven cities in India. With further expansion plans, DrinkPrime is also gearing up for its Series B fundraise. According to startup data intelligence platform, TheKredible, DrinkPrime reported an operating revenue of Rs 28.94 crore with a loss of Rs 27 crore in FY23. In the subscription model, DrinkPrime competes with Livpure, Acquaguard and ZunPure.

Farmley raises $40 Mn in Series C round led by L Catterton

EntrackrEntrackr · 2m ago
Farmley raises $40 Mn in Series C round led by L Catterton
Medial

Farmley raises $40 Mn in Series C round led by L Catterton Farmley, a Noida-based healthy snacking brand, has raised $40 million in its Series C funding round led by global consumer-focused investment firm L Catterton, with participation from existing investor DSG Consumer Partners. The proceeds will be used for capital expenditure, expanding distribution channels across India, enhancing exports, and investing in product formulations and technologies, Farmley said in a press release. According to an ET report, the funding includes 30% secondary sales by early-stage investors, including Insitor and Samunnati, along with employee stock ownership plans (ESOPs). Founded in 2017 by Akash Sharma and Abhishek Agarwal, Farmley offers snacks such as makhana-based munchies, date bites, seeds, trail mixes, and roasted nuts. The firm sources directly from over 5,000 farmers across multiple regions and operates five processing units. According to TheKredible, Farmley recorded a revenue of Rs 230.66 crore in FY24 while posting a net loss of Rs 26.5 crore. While the company has yet to file its audited financial report for FY25, it claims to have clocked Rs 370 crore in revenue for the last fiscal year. Since its inception, Farmley has raised around $55 million, which includes a $2 million seed round in 2020 from Omnivore and Insitor, a $6 million Series A round in August 2022 led by DSG Consumer Partners and Alkemi Growth Capital, and a $6.7 million pre-Series B round in December 2023 led by the BC Jindal Group. Farmley is currently piloting its products in international markets, including the United States, Australia, Canada, and Singapore, as part of its global expansion strategy. It competes with other healthy snacking brands such as Happilo, which raised $25 million from Motilal Oswal Private Equity in 2022, and True Elements, in which Marico acquired a 53.98% stake in the same year.

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