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Escooter Maker River Raises $40 Mn From Yamaha To Build Next Product, Expand Distribution Network
Inc42
·
1y ago
Medial
Bengaluru-based electric two-wheeler manufacturer, River, has raised $40 million in a Series B funding round led by Yamaha Motor Corporation. The funds will be utilized to strengthen distribution, scale R&D capabilities, and develop new products. River plans to expand its presence to 100 cities by 2026 and introduce a new vehicle model that year. The startup, founded in 2021, aims to consolidate its position in a competitive market, currently dominated by players like Ola Electric, TVS Motor, and Bajaj Auto. Despite challenges, escooter registrations in India grew by 34% in 2023, surpassing 8.5 lakh units.
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Yamaha Motor fuels River's ambitious electric SUV two-wheeler rollout in India | TechCrunch
TechCrunch
·
1y ago
Medial
Indian electric two-wheeler startup, River, has raised $40m in a funding round led by Yamaha Motor. The funding will be used to increase R&D spending and expand the market presence of River's first electric "SUV" two-wheeler in India. The company plans to establish a distributor network that will eventually handle 90% of its sales. River aims to sell 9,000 vehicles per month by March 2026, equivalent to around $200m in turnover. The company has already delivered close to 200 units since launching sales in October.
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Frendy raises Rs. 16 Cr to expand its technology stack
Inc42
·
1y ago
Medial
Ahmedabad-based convenience store network Frendy has raised INR 16 crore ($2 million) in a bridge round. The funding came from existing investor Desai Ventures and new investors including Auxano Capital, AT Capital Singapore, and Metara Ventures. Frendy plans to utilize the funds to expand its technology stack, stores, and private-label product portfolio. The startup, founded in 2019, offers an app for customers to order products and uses existing micro-stores like kirana shops for last-mile distribution. They aim to have 40 operational stores in the next 12 months and expand their private label offering.
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Exclusive: Yu Foods Nets $6.5 Mn Led By Ashish Kacholia, Asian Paints Promoter Group
Inc42
·
9m ago
Medial
A startup has raised funding to strengthen its distribution network and expand its product portfolio. The funding round involved both existing and new investors, providing an exit for some seed stage investors.
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KisaanSay raises $2 Mn in pre-seed round led by Jungle Ventures
Entrackr
·
6m ago
Medial
KisaanSay, a cross-category direct-from-origin food brand, has raised $2 million in its pre-seed round led by Jungle Ventures through First Cheque@Jungle. The round also saw participation from senior leaders in the food industry. The proceeds will be used to strengthen KisaanSay’s marketing efforts, build team, and scale its operations, focusing on expanding the company’s product portfolio and distribution footprint. Founded by Nitin Puri, Manoj Karki, and Vaishali Mehta, KisaanSay bridges the gap between farmers and consumers by placing provenance. The brand partners with farmer collectives in natural farming clusters across mountain valleys, forests, tribal areas, and drylands, ensuring each product is grown, minimally processed, and packaged at its origin. With a portfolio of over 80 products spanning 12 categories, KisaanSay operates through a unique co-brand and co-profit partnership model with 20 farmer collectives representing more than 50,000 farmers. Its omnichannel distribution spans e-commerce platforms, its own direct-to-consumer channel, and retail stores in Delhi NCR.
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Exclusive: AR-Driven Toy Startup PlayShifu To Raise $6 Mn To Expand Product Portfolio
Inc42
·
1y ago
Medial
Bengaluru-based startup PlayShifu is in talks to raise $6 million in a Series C funding round. The funding will be led by Inflexor Ventures and joined by Chiratae Ventures, Bharat Innovation Fund, Athera Ventures Partners, and several family offices. The funds will be used to expand PlayShifu's product portfolio and distribution reach. The startup, founded in 2016, offers augmented reality-driven toys and games aimed at helping children aged 4-12 build critical thinking, engineering, and geography skills. It has customers in over 40 countries and sells its products through various channels, including ecommerce platforms and retail stores.
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The Wedding Company raises $1 Mn in pre-seed round
Entrackr
·
13d ago
Medial
The Wedding Company raises $1 Mn in pre-seed round The company will use the funds to expand operations into new cities, invest in product and technology, and build a vendor partner network to standardize service delivery at scale. The Wedding Company has raised $1 million in a pre-seed funding round co-led by LVX (formerly LetsVenture) and Tremis Capital, with participation from other investors including Wakefit co-founder Chaitanya Ramalingegowda, Ajith Pai, and Dropbox co-founder Arash Ferdowsi. The company will use the funds to expand operations into new cities, invest in product and technology, and build a vendor partner network to standardize service delivery at scale. Founded in 2023 by Pawan Gupta and Rahul Namdev, The Wedding Company is a wedding planning and fulfillment platform that allows Indian couples to plan, book, and execute weddings. Operating in multiple cities, the platform connects users with verified vendors, offers competitive pricing, and manages execution across key service areas. The company aims to build a technology-enabled platform to streamline India's $130 billion wedding market. It provides services across venues, photography, décor, catering, and logistics. “Weddings in India are large and complex,” said Pawan Gupta, co-founder of The Wedding Company. “While the market is large, there is no brand managing fulfillment at scale. TWC is building a technology-driven and operationally efficient planning and fulfillment platform.” The Wedding Company has managed over Rs 60 crore (~$7.2 million) worth of service orders, delivering over 1,000 weddings across eight cities. Over the past 24 months, monthly bookings have grown significantly, exceeding Rs 10 crore in service orders and Rs 1 crore in net monthly revenue. The company recorded a Gross Order Value (GOV) of Rs 40 crore. Its current booking volume exceeds Rs 10 crore per month. It is targeting 3x growth in FY26 with an annual revenue goal of Rs 120 crore. Other startups in this space include Meragi, Weddingz.in, Wedding Cloud, Shaadilogy, Shaadi Baraati Event Management, among others.
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VAHDAM India raises $3 Mn led by SIDBI Venture
Entrackr
·
4m ago
Medial
VAHDAM India raises $3 Mn led by SIDBI Venture Direct-to-consumer (D2C) tea brand VAHDAM India has raised $3 million (about Rs 25 crore) in funding from SIDBI Venture Capital. Prior to this, the company has raised over Rs 200 crore (approximately $25 million) in primary funding. The investment will further strengthen its balance sheet and cash reserves, VAHDAM India said in a press release. Founded in 2015 by Bala Sarda, VAHDAM India aims to build a homegrown Indian brand for the world, bringing India’s finest teas, herbs, and botanicals to global consumers. All of its products are sourced directly from partner farmers across India and manufactured at its own facility. The brand operates through wholly-owned subsidiaries in key markets such as the USA, Canada, the UK, and Europe. Over the past two years, VAHDAM India says that it has focused on reinforcing its core, optimizing product portfolio, and identifying key levers for scale. The company is also making significant investments in product innovation, R&D, and expanding our in-house manufacturing capabilities. With a sharper focus and a more resilient foundation, it aspires for sustained growth over the next three years. VAHDAM India claims that it is also set to close the current fiscal year with strong growth and positive EBITDA. The brand has been expanding its offline distribution network and has achieved a milestone by launching its teas & botanicals in over 2,000 Walmart stores across the U.S. For the financial year 2024-25, the company is on track to close with net revenues of more than Rs 265 crore and EBITDA profitability.
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How bottled water brand Clear aims to step up growth after getting PE cheque
VCCircle
·
1y ago
Medial
Gujarat-based bottled water brand Clear Premium Water is set to expand its product range and increase production capacity following its recent private equity funding. The company aims to significantly increase its revenue over the next three years and enhance its distribution network.
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Highperformr.AI Bags $3.5 Mn To Give An AI Boost To B2B Marketing
Inc42
·
1y ago
Medial
Chennai-based marketing software startup Highperformr.AI has raised $3.5m in a seed funding round led by Venture Highway. The firm was founded by former Freshworks executives Ramesh Ravishankar and Srivatsan Venkatesan and uses AI to help B2B companies maximise their ROI from social media campaigns. The funding will be used to further research and development, build native AI capabilities, and expand the distribution network. The company has also launched its first product, Highperformr for Teams, which aims to streamline social media workflows for B2B companies. The GenAI space in India is projected to grow to $17bn by 2030, up from $1.1bn in 2023.
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Eureka Forbes to boost distribution, launch new products amid portfolio overhaul
Livemint
·
1y ago
Medial
Eureka Forbes, the water purifier maker backed by Advent International, plans to expand its distribution network and introduce new products as part of a portfolio overhaul. The company aims to double its distribution by targeting both general and modern trade sectors. Eureka Forbes has made strategic hires and launched new products in the water purifier market, reducing the number of models from 200 to 80. The company reported a 5.2% increase in revenue and turned net cash positive in FY24. Eureka Forbes holds a 40% market share in India's water purifier market and will explore growth opportunities while remaining open to new categories.
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