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Dhruv Dhanraj Bahl’s VC fund Eternal Capital rebrands to ‘Sadev Ventures’

EntrackrEntrackr · 3d ago
Dhruv Dhanraj Bahl’s VC fund Eternal Capital rebrands to ‘Sadev Ventures’
Medial

Eternal Capital, the early-stage venture capital fund founded by former BharatPe COO Dhruv Dhanraj Bahl, has announced its rebranding to Sadev Ventures. According to the company, the rebranding to Sadev Ventures aligns the fund’s identity with its family office name that has long represented its core values. The fund will now operate with this new identity and plans to double down on its India-first strategy, enabling many of its portfolio companies to expand overseas by leveraging global LPs and strategic partners. “As our vision goes deeper into India’s entrepreneurial fabric while simultaneously tapping financial, social & intellectual capital pools across borders, it’s the right time to scale under an identity that has resonated with all our longstanding stakeholders. It also shifts the focus away from a ‘capital-only’ play and reinforces our commitment to enabling ventures that can become generational institutions,” said Dhruv Dhanraj Bahl, founder & managing partner of the fund. Launched in mid-2024, Sadev Ventures is sector-agnostic and stage-focused, backing startups between seed and pre-series A with cheque sizes of Rs 2-6 crore. The fund has deployed about half of the corpus, with investments in 20 startups. Some of its portfolio ventures include Asaya, Cleevo, Cookd, Gladful, Hypergro, Bidso, and Liquide, with a corpus of Rs 120 crore and a greenshoe option of an additional Rs 120 crore. As per Sadev Ventures, the fund will continue to invest in post-product-market-fit startups, with an eye on profitable revenue trajectories and long-term potential. It will also maintain its operator-led structure, offering what it calls the “colour of money”—blending financial capital with deep founder empathy, and access to high-impact networks.

Gladful raises Rs 8 Cr led by Eternal Capital

EntrackrEntrackr · 23d ago
Gladful raises Rs 8 Cr led by Eternal Capital
Medial

Protein-focused kids’ nutrition brand Gladful has raised Rs 8 crore in fresh funding led by Eternal Capital, a fund launched by former BharatPe Chief Operating Officer Dhruv Dhanraj Bahl. The round also saw participation from Antler India, Venture Catalysts, and other investors. The new funding comes after its earlier Rs 7 crore seed round in 2023. Founded by siblings Parul and Manu Sharma in 2022, Gladful focuses on clean-label, protein-rich nutrition, offering products like chilla, dosa, and pancake mixes designed for kids. It recently entered the Rs 12,000 Cr kids’ milk mix category with NutraMilk. The brand’s products are claimed to be made with plant-based ingredients, free from refined sugar and additives, and target a quick 10-minute preparation time. The proceeds will be used to expand its team, boost R&D, and strengthen its presence across tier I and tier II cities through digital and quick-commerce platforms. Gladful plans to reach Rs 60 crore in revenue in the next three years, continuing to scale its breakfast and milk mix categories.

Healthtech startup Babynama raises $700K led by Good Capital

EntrackrEntrackr · 6m ago
Healthtech startup Babynama raises $700K led by Good Capital
Medial

Healthtech startup Babynama raises $700K led by Good Capital Babynama, a digital pediatric care platform, has raised $700,000 in its seed round led by Good Capital. The round also saw participation from Amplify and angels, including Abhishek Gupta (Founder, Fashinza), Ankit Gupta (Founder, Bicycle Health), Akshay Saxena (Founder, Avanti), Dhruv Dhanraj Bahl (Ex-COO, BharatPe), along with other founders from the IIT Bombay network. The proceeds will be used to advance its technology infrastructure, scale its team of expert pediatricians and support staff, and amplify its marketing efforts. Founded in June 2022 by Dr. Sumitra Meena and Ashish Meena, Babynama offers access to expert pediatricians through a chat-first platform. With over 1.5 million queries resolved and an average response time of under two minutes, Babynama claims to ensure parents receive timely, reliable, and personalized care. The platform’s key focus areas include 24/7 pediatric support, dedicated doctors team, parent education, community engagement, technology-driven care. Since its inception, Babynama claims to have achieved milestones, including assisting nearly 2 lakh parents in accessing timely care and identifying early signs of critical conditions such as respiratory distress, epilepsy, autism, and ADHD in children. The platform has also surpassed 10,000 paying customers, offering a wide array of services to support mothers and newborns. Looking ahead, Babynama plans to launch third-trimester care programs, developmental initiatives targeting key aspects of child growth, and interactive workshops to empower parents.

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