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Exclusive: 91Trucks set to raise new round led by Arkam Ventures

EntrackrEntrackr · 12m ago
Exclusive: 91Trucks set to raise new round led by Arkam Ventures
Medial

Exclusive: 91Trucks set to raise new round led by Arkam Ventures 91Trucks, an online platform specializing in commercial vehicle listings, is all set to raise a new round to the tune of Rs 30-35 crore ($3.5-4 million), according to sources aware of the development. Arkam Ventures is leading a Rs 30-35 crore funding round in 91Trucks, with some existing investors expected to participate, according to a source. "The terms of the deal have been finalized, and an official announcement is expected soon.” Founded in 2022 by Abhishek Gautam, Siddharth Sharma, and Vikas Sharma, 91Trucks is a Gurugram-based platform that provides reviews, specifications, and customer ratings for trucks, buses, and three-wheelers, helping users make informed purchasing decisions. It works closely with automotive manufacturers, dealers, banks, and NBFCs to offer IT solutions and financing options. In May 2024, 91Trucks secured seed funding from investors including Titan Capital, Atrium Angels, and Sparrow Capital. However, the company did not announce the fundraise in the media. As per sources, 91Trucks may get a $15-20 million valuation post money. 91Trucks declined to comment on the story, while queries sent to Arkam Ventures did not elicit a response until the time of publication. According to startup data intelligence platform TheKredible, Titan Capital is the largest external shareholder in the company with a 5.78% stake, followed by Sparrow Capital with 4.72%. For the fiscal year ending in March 2024, 91Trucks reported Rs 10.11 crore revenue against Rs 3.95 crore in FY23. During the last fiscal year, its losses stood at less than Rs 1 crore. Arkam Ventures, which backed companies like Jar, Kreditbee, Jai-Kisan, Jumbotail, and Signzy through its first fund, introduced its second fund of $180 million in June 2023, with plans to invest in around 20 early-stage startups.

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91Trucks begins Series A round with 5.5X valuation surge

EntrackrEntrackr · 10m ago
91Trucks begins Series A round with 5.5X valuation surge
Medial

91Trucks, an online platform specializing in commercial vehicle listings, raised Rs 42.9 crore ($5 million) in its Series A round led by Arkam Ventures with the participation from Titan Capital and others. 91Trucks, an online platform specializing in commercial vehicle listings, raised Rs 42.9 crore ($5 million) in its Series A round led by Arkam Ventures through associate (Unitary Fund), with the participation from Titan Capital, Sparrow Capital, and Atrium Angels. 91Truck’s board has issued 2,247 Series A CCPS at an issue price of Rs 1,88,578 each to raise the aforementioned amount, its regulatory filings accessed from the Registrar of Companies (RoC) show. Arkam Ventures led the round with Rs 25.2 crore (approximately $3 million) followed by Titan Capital, which injected Rs 15 crore. Sparrow Capital and Atrium Angels also joined the round with Rs 1.73 crore and Rs 1 crore investment, respectively. The proceeds from this round will be utilized for capital expenditures, marketing, and general corporate purposes, the filings said. As per Entrackr’s estimates, the Gurugram-based company’s valuation has soared 5.5X to Rs 280 crore or $33 million (post-allotment of Series A round), compared to Rs 50.47 crore at the time of its seed round. Launched in 2022, 91Trucks offers information on new and used trucks, buses, and auto rickshaws—including prices, specs, comparisons, and dealer contacts. As per its website, it also runs five physical stores in Delhi-NCR and Meerut for affordable used vehicle purchases. Startup data platform TheKredible shows Arkam Ventures as the largest external shareholder in the company with a 9% stake, followed by Titan Capital (5.35%) and Sparrow Capital (4.94%). For the fiscal year ending in March 2024, 91Trucks reported Rs 10.11 crore revenue, compared to Rs 3.95 crore in FY23. Looking at the bottom line, its losses stood at less than Rs 1 crore. It’s yet to disclose FY25 numbers.

Exclusive: Decentro to kick off Series B round led by Info Edge

EntrackrEntrackr · 8m ago
Exclusive: Decentro to kick off Series B round led by Info Edge
Medial

Exclusive: Decentro to kick off Series B round led by Info Edge Y-Combinator-backed fintech startup Decentro is set to raise Rs 26.3 crore (around $3 million) in its Series B round led by Info Edge, with participation from Stargazer Ventures and Infinyte Club Angel Fund. This funding comes nearly 2.5 years after the company raised $4.7 million in a round led by Rapyd Ventures, Leonis VC, and Uncorrelated Ventures, with participation from Kunal Shah (Founder and CEO of CRED), Lalit Keshre (Co-founder and CEO of Groww), and other angel investors. The Decentro’s board passed a resolution to approve the issue of 2 equity shares and 14,260 Series B CCPS at an issue price of Rs 18,442 each, to raise Rs 26.3 crore or $3 million, its regulatory filings accessed from the Registrar of Companies (RoC) show. Info Edge is set to lead the round with an investment of Rs 25 crore, while Stargazer Ventures and Infinyte Club Angel Fund will contribute Rs 1 crore and Rs 30 lakh, respectively. Founded in 2020, Decentro is an API platform that simplifies banking integrations for businesses, enabling them to quickly launch and scale financial products. It offers a full-stack solution for onboarding, account creation, payments, and other banking services, allowing companies to focus on their core offerings. This will be the first instance for the Singapore-based company to raise funding via an Indian entity. As per its consolidated financial statements filed with the Registrar of Companies (RoC), Decentro reported a 47% year-on-year increase in operating revenue to Rs 17.7 crore in FY24, up from Rs 12 crore in FY23. However, the company slipped into a loss of Rs 2.46 crore during the same period, after posting a profit in the previous fiscal.

Exclusive: Palmonas set to raise Rs 200 Cr at 4X valuation premium

EntrackrEntrackr · 5d ago
Exclusive: Palmonas set to raise Rs 200 Cr at 4X valuation premium
Medial

Exclusive: Palmonas set to raise Rs 200 Cr at 4X valuation premium Palmonas is set to raise Rs 200 crore (approximately $22 million) in its Series B round led by XPONENTIA Capital, with participation from existing investor Vertex Ventures, according to the company’s internal documents reviewed by Entrackr. Palmonas last raised Rs 55 crore from Vertex Ventures in May last year. Entrackr exclusively reported the fundraise at the time. The company’s filings with the Registrar of Companies (RoC) indicate the fundraise, as its board is set to issue 815 Series B CCPS at an issue price of Rs 13,59,434 each to raise Rs 110 crore. The remaining Rs 90 crore is expected to be raised through a separate filing shortly. XPONENTIA Capital will lead the round with Rs 179 crore, or nearly $20 million, while existing backer Vertex Ventures will invest Rs 21 crore. According to the documents, Palmonas’ valuation is expected to jump 3.8X to Rs 1,950 crore (around $217 million) post-money, compared to over Rs 500 crore in its previous round. New investor XPONENTIA Capital will hold a 10.68% stake after the allotment of the new round. Existing investor Vertex Ventures will command a 14.25% stake whereas the company’s co-founders Pallavi Mohadikar, Amol Patwari, and Shraddha Kapoor will collectively retain around 65% ownership. Queries sent to Palmonas did not elicit a response till the time of publication. We will update the story as and when the company responds. Founded in 2022 by Amol Patwari and Pallavi Mohadikar, Palmonas specialises in demi-fine jewellery such as necklaces, rings, bracelets, earrings, and mangalsutras made from stainless steel with 18k gold vermeil coating. In February last year, Palmonas raised Rs 1.26 crore on Shark Tank India Season 4 from investors Namita Thapar and Ritesh Agarwal, valuing the company at Rs 126 crore post-money. Prior to this, the brand had secured Rs 6 crore in an angel round. In March 2024, it also brought on board Bollywood actress Shraddha Kapoor as a co-founder. For the fiscal year ended March 2025, Palmonas reported a significant jump in its operating revenue, which surged over 40X to Rs 39 crore from Rs 97 lakh in FY24. During the same period, the company also turned profitable, posting a profit of Rs 4.3 crore. Palmonas competes with larger players in the segment, including GIVA, which is raising $12 million in a new round; BlueStone, which went public last year; and Firefly Diamonds, which raised $3 million in a seed round led by WestBridge Capital in March last year. Other competitors include COLUXE, Fiona Diamonds, Limelight Lab Grown Diamonds, and Jewelbox.

Exclusive: Grapevine set to raise Series A led by Kae Capital

EntrackrEntrackr · 4m ago
Exclusive: Grapevine set to raise Series A led by Kae Capital
Medial

**Exclusive: Grapevine set to raise Series A led by Kae Capital** Anonymous social media platform Grapevine is set to raise Rs 33.86 crore (around $3.8 million) in its Series A round, led by Kae Capital, with participation from Peak XV Partners and Unilazer Ventures. According to the company’s latest regulatory filing with the Registrar of Companies (RoC), the board has approved a special resolution to issue 44,325 Series A preference shares at a price of Rs 7,599.5 per share, to raise the aforementioned amount. As per the filing, Kae Capital will invest Rs 18 crore, while Peak XV Partners and Unilazer Ventures will contribute Rs 7 crore and Rs 8.6 crore, respectively. The company plans to deploy the funds toward expansion and overall business growth. According to Entrackr’s estimates, the fresh funding will value the company at a post-money valuation of around Rs 150 crore ($17 million). Following this transaction, Peak XV Partners will command a 20.77% stake, while Kae Capital and Unilazer Ventures will own 11.97% and 5.69%, respectively. Meanwhile, Grapevine’s co-founders, Jainam Dinesh Talsania, Shreeyash Nitin Dharmadhikari, and Saumil Sanjai Tripathi, will collectively retain 48.78% ownership in the company. Prior to this round, Grapevine had raised $2.6 million in its seed round, led by Peak XV Partners, which had picked up a little over 20% stake at the time. Entrackr had exclusively reported that development as well. Founded in early 2023, Grapevine enables unrestricted and anonymous discussions across topics such as career, finance, professional experiences, and personal matters. The platform claims to have a thriving community of over 30,000 members, largely comprising professionals from tech companies and startups. The company competes to an extent with FishBowl, Blind, Together, and Reddit, all of which operate in the anonymous professional networking and discussion space.

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