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Elchemy, Beyond Appliances bag VC cheques from Prime Venture, Fireside
VCCircle
·
8m ago
Medial
Mumbai-based Elchemy and kitchen appliance startup Beyond Appliances have secured funding from venture capital firms Prime Venture Partners and Fireside Ventures, respectively. Elchemy, a specialty chemical distribution platform, raised $5.6 million in a Series A round led by Prime Venture Partners. The funds will be used to expand its presence in North America and invest in technology enhancements. Beyond Appliances raised $2 million in a seed round led by Fireside Ventures, which will be used to develop its smart kitchen appliances.
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Elchemy secures $5.6 million in funding Prime Venture Partners, others
Economic Times
·
8m ago
Medial
Cross-border specialty chemical distribution platform, Elchemy, has secured $5.6 million in a funding round led by Prime Venture Partners. The Mumbai-based startup plans to use the funds to expand its team in the US, strengthen its technology leadership, and invest in advanced supply chain visibility solutions. Elchemy simplifies the process of sourcing specialty chemicals from India and Southeast Asia for international buyers, facilitating supplier discovery, product quality assurance, and end-to-end fulfillment. The company aims to acquire 100 customers from the North American market over the next year.
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Beyond Appliances raises $2 million in round led by Fireside Ventures
Economic Times
·
8m ago
Medial
Kitchen appliances startup Beyond Appliances has secured $2 million in funding through a round led by Fireside Ventures. The Bengaluru-based company plans to use the funds for research and development as well as to enhance its manufacturing capabilities. Beyond Appliances currently offers a smart stove with digital timers and whistle counters, as well as a chimney with an integrated Android system. The company aims to introduce more products and is seeing strong demand in tier II and tier III cities. The investment reflects the growing trend towards smart, connected kitchen appliances in the Indian market.
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How Fireside, Strides-backed Sweet Karam Coffee was valued as it gets new VC backer
VCCircle
·
4m ago
Medial
Sweet Karam Coffee, supported by Fireside Ventures and Strides, recently received a valuation boost as it secured a new venture capital backer. This investment signals confidence in the brand's potential for growth and expansion in the consumer market. The strategic involvement from venture capitalists highlights the value associated with Sweet Karam Coffee's business model, potentially enabling it to enhance its product offerings and market reach in the evolving consumer goods landscape.
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Bumper exits in 2023 provide cheer for VC investors
Money Control
·
1y ago
Medial
The successful IPO of Honasa Consumer (Mamaearth) has brought cheer to the venture capital industry, particularly early investors in D2C brands like Fireside Ventures and Stellaris Ventures. This positive momentum is expected to continue, with supportive public markets enabling successful IPOs for startups such as Mamaearth, IdeaForge, and Zaggle. Venture capitalists are experiencing impressive profits through these exits, suggesting a favorable environment for VC investments in the coming months.
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Deals Digest: Larger cheques, strong volumes boost PE/VC funding; M&As rebound
VCCircle
·
3m ago
Medial
Private equity and venture capital (PE/VC) investments in India surged, reaching $690 million over a week, driven by significant deals valued above $100 million and increased transaction volumes. This trend reflects a strong rebound in mergers and acquisitions, showcasing renewed investor confidence and market momentum. The investment value nearly doubled with 32 deals executed, indicating a robust funding environment and an uptick in economic activity during the observed period, according to data from VCCircle.
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Amazon Prime Day Sale 2024 starts on July 20: All early deals live today
Livemint
·
1y ago
Medial
Amazon Prime Day 2024 is just around the corner, with early deals already available. The sale will offer significant discounts on a wide range of products, particularly in tech and home appliances. Shoppers can expect great deals on laptops, tablets, TVs, and home appliances from top brands. Early deals are too good to miss out on, so take advantage of the offers and start shopping now. Stay tuned for more updates on the best deals during Prime Day.
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Deals Digest: PE-VC investment value doubles as EQT, Warburg sign big cheques
VCCircle
·
10m ago
Medial
Private equity and venture capital firms in India have made significant investments this week, reaching their highest level in three months. The total value of investments surpassed $100 million in three separate deals. This surge in investment activity showcases the growing confidence in India's startup ecosystem.
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Beyond Snack bags $8.3 mn; Dr. Doodley, Revivo get pre-seed cheques
VCCircle
·
7m ago
Medial
Beyond Snack, a banana chips maker, raised $8.3 million in Series A funding led by 12 Flags Group and others, aiming to expand globally and innovate products. Pet healthcare startup Dr. Doodley secured pre-seed funding to expand its veterinary services, while laundry service Revivo received pre-seed investment from Inflection Point Ventures to enhance technology and branding. Beyond Snack operates in 12 countries and seeks further growth, and Dr. Doodley serves 2,000 customers recently.
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Fireside, Sofina harvest multibaggers from D2C brand
VCCircle
·
1y ago
Medial
Fireside Ventures and Sofina SA are reaping significant returns from their investments in a direct-to-consumer beauty and personal care unicorn. Fireside Ventures, a venture capital firm specializing in consumer brands, has reduced its stake in Honasa Consumer Pvt Ltd, which recently went public. Both investors have benefited from the success of the homegrown brand.
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Byondnxt secures fresh funding, Zomato stake reduced to 6%
Entrackr
·
8m ago
Medial
Byondnxt, which operates the kitchen appliances brand Beyond Appliances, has secured additional funding from a group of new investors. Zomato, which recently acquired an 8% stake in the Bengaluru-based startup, did not participate in this latest funding round. In a stock exchange filing on Sunday, Zomato said that the fundraising was completed on November 30, and the Deepinder Goyal-led company’s shareholding in Byondnxt reduced to 6% on a fully diluted basis. In October, Zomato acquired an 8% stake in Byondnxt for about Rs 6,000. Byondnxt, founded by Eshwar Vikas, who also founded Mukunda Foods, is a direct-to-consumer (D2C) brand specializing in the design and manufacturing of kitchen appliances. In March 2022, Zomato invested $5 million to acquire a 16.66% stake in Mukunda Foods, a company that supplies smart kitchen equipment to business-to-business (B2B) clients. Rakesh Patil is the other co-founder and chief technology officer (CTO) of Beyond Appliances. This is the second funding round for a Zomato-backed company in the past three months. In September, adtech startup AdOnMo raised $25 million in a funding round led by the Singapore-based venture capital (VC) firm Rigel Capital and Indonesia-based Sinar Mas. Meanwhile, Zomato chief Goyal also incorporated a new venture named Continue, which will focus on health tracking and mental wellness. Zomato Limited recently raised Rs 8,500 crore (around $1 billion) through a Qualified Institutions Placement (QIP) of equity shares.
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