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Travel products platform Escape Plan raises $25 Mn led by Jungle Ventures

EntrackrEntrackr · 9d ago
Travel products platform Escape Plan raises $25 Mn led by Jungle Ventures
Medial

Travel products platform Escape Plan raises $25 Mn led by Jungle Ventures Co-founded in 2025 by Abhinav Pathak and Abhinav Zutshi, Escape Plan is a travel products platform built around the needs of the modern Indian traveller. Escape Plan has raised $25 million in a Series A funding round led by Jungle Ventures, along with participation from Fireside Ventures and strategic investor IndiGo Ventures, the corporate venture capital arm of IndiGo. The Bengaluru-based startup had previously mopped up $5 million in a funding round led by Jungle Ventures through its First Cheque@Jungle initiative, along with Fireside Ventures and several angel investors, in July last year. The proceeds will be deployed to strengthen its brand, pricing, and distribution across India and select international markets. This includes deepening its omni-channel presence across metros, tier I and tier II cities, expanding its physical retail footprint to over 200 stores, and increasing availability across major travel hubs and corridors. Escape Plan is a travel products platform built around the needs of the modern Indian traveller. The company curates and creates luggage, accessories, and mobility solutions across multiple travel use cases. It operates across online marketplaces, direct-to-consumer channels, and a rapidly expanding retail network across India. Escape Plan claims it is currently operating at an annualised revenue run rate of over Rs 300 crore, driven by demand across cities, channels, and a wide range of travel use cases. The company also plans to enter select international geographies aligned with Indian outbound travel. Escape Plan also aims to strengthen its technological capabilities to build deeper control across the value chain. The company will invest in core tech systems to improve speed, availability, and consistency across channels, while advancing product innovation through design-led and sustainability-focused materials. The brand sells both in-house and partner-manufactured products through its own platform. It competes with other D2C players such as Mokobara, Nasher Miles, Uppercase, and Acefour Accessories in India’s fast-growing travel gear market.

GreyOrange founder’s AI startup Budy.bot raises $4.2 Mn

EntrackrEntrackr · 1y ago
GreyOrange founder’s AI startup Budy.bot raises $4.2 Mn
Medial

AI startup Budy.bot has raised $4.2 million (about Rs 35.29 crore) in a funding round led by early-stage investor RTP Global. The round saw participation from Beenext, The Neon Fund, and angel investors such as Postman cofounder and chief executive Abhinav Asthana, Sierra Atlantic founder Raju Reddy, and Pure Storage cofounder John Hayes. The proceeds will be used to ramp up the training and development of the company’s artificial intelligence (AI) skills. Founded by Samay Kohli, Budy is an AI-driven agent designed to simplify the deployment and management of sales and marketing software stacks for enterprises. The startup claims to be purpose-driven, concentrating on achieving end outcomes and tangible business results. ​​Kohli is the founder of robotics company GreyOrange. As per the company, its initial focus will be on North America. The platform addresses a universal challenge faced by enterprises worldwide—optimising the deployment and management of sales and marketing software ecosystems.

Exclusive: DealShare co-founder’s new startup Sports For Life raises seed round

EntrackrEntrackr · 1y ago
Exclusive: DealShare co-founder’s new startup Sports For Life raises seed round
Medial

Sourjyendu Medda, co-founder of social commerce platform DealShare, has ventured into the sportstech space with his new startup, Sports For Life, which aims to invest in and support the sports ecosystem in India, focusing on providing athletes with the necessary resources to excel. While Sports For Life has yet to announce its official launch, the Bengaluru-based startup has raised seed funding from individual investors and early-stage venture capital firm Roots Ventures. The board of Sports For Life’s parent company, Jambavan Academy, has passed a special resolution to issue 3,000 Seed CCPS to raise Rs 9.5 crore, according to its regulatory filings accessed by Entrackr. Roots Ventures invested Rs 5 crore, while ML Tondon and Sons HUF and Blume Ventures pumped in Rs 3 crore and Rs 1 crore, respectively. The rest of the amount was poured in by Kunal Shah’s QED Innovation and Himanshu Arora. According to TheKredible, the company is valued at Rs 36.65 crore ($4.3 million) following this seed round. Following the fresh funding, Roots Ventures has become the largest external stakeholder with a 12.08% stake, followed by ML Tandon HUF and Blume Ventures. Co-founders Sourjyendu Medda and Armaan Tandon collectively hold 66.83% of the company. See TheKredible for the detailed shareholding pattern. According to the firm’s website, Sports For Life is investing in sports academies across India, with the goal of creating a sports ecosystem that elevates the overall standard of sports in the country. Medda, who was one of the co-founders and a board member of DealShare before leaving in January, has also roped in Armaan Tandon, a former data and operations analyst at Cartesian, as a co-founder of Sports For Life. In 2024, several prominent startup founders have launched new ventures, many of which have already secured initial funding. Notable launches include ZeroPe by BharatPe co-founder Ashneer Grover, OppDoor by Flipkart co-founder Binny Bansal, Unikon by Bella Vita founder Aakash Anand, Gabit by Zomato co-founder Gaurav Gupta, Callmatic by Mitron TV co-founder Shivank Agarwal, and Lyskraft and Nurix AI by Cult.fit co-founder Mukesh Bansal.

Legal tech startup Lucio raises $5 Mn led by DeVC

EntrackrEntrackr · 3m ago
Legal tech startup Lucio raises $5 Mn led by DeVC
Medial

Legal tech startup Lucio raises $5 Mn led by DeVC Lucio, a legal tech startup, has raised $5 million led by DeVC, with participation from investors such as Ashish Kacholia and Lashit Sanghvi. The proceeds will be used to improve its product features and expand its reach to more law firms and professionals. It also plans to strengthen its AI models, build more integrations with legal databases, and expand its presence in new markets. Lucio is based in India and focuses on developing technology that helps legal professionals work smarter and faster. Lucio is creating an AI-native workspace that helps lawyers manage their daily tasks in one place. The platform supports work like document drafting, review, legal research, translation, and compliance tracking. Instead of switching between different software tools, lawyers can use Lucio to handle all major tasks within a single system. It is already working with over 200 organizations and has more than 3,000 lawyers using its platform across nine jurisdictions.

Metalbook raises $15 Mn in Series A round

EntrackrEntrackr · 1y ago
Metalbook raises $15 Mn in Series A round
Medial

Metalbook, a platform for the global metals supply chain, has raised $15 million in its Series A funding round led by Rigel Capital, with participation from FJ Labs, as well as existing investors, Axilor Ventures, Foundamental, Stride Ventures, Trifecta Capital, and others. Axilor had led $5 million seed round in Metalbook in August last year. Metalbook is poised to deepen its impact on the manufacturing and infrastructure supply chains, metal sourcing, logistics, and financing solutions for large-scale global projects, the company said in a press release. Founded in 2021, Metalbook helps enterprise & SME customers through their entire metal manufacturing and procurement cycle, including buying, selling, excess inventory liquidation, customization, logistics, financing, e-auctioning, scrap recycling, credit and project management solutions. “..We want to make sure that there is enough of a track record for market investors to look at before we plan for an Initial Public Offer (IPO) in 4-5 years,” said Raghavendra Pratap Singh, co-founder, Metalbook. The Delhi-based startup claims to work with over 500 global metal manufacturers, dealers and suppliers across the value chain and currently caters to more than 1,000 customers. The company works with global steel players such as ArcelorMittal Nippon Steel, Tata Steel, JSW, EU Metals, JSPL et al and several enterprise customers such as DLF, BL Kashyap, Bygging, etc. It recently launched new categories across Copper, Aluminium, and metal scrap and has built out a global footprint of processing centers, and more than 1,000 suppliers across 80 geographies. Metalbook is anticipated to achieve an annualized revenue run rate of $200 million by the end of FY24, a growth of over 15 times in the past two years.

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