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Exclusive: Arya.ag set to raise over Rs 250 Cr in new round

EntrackrEntrackr · 2m ago
Exclusive: Arya.ag set to raise over Rs 250 Cr in new round
Medial

Exclusive: Arya.ag set to raise over Rs 250 Cr in new round Agritech startup Arya.ag is in late-stage talks to raise Rs 250–300 crore ($28–35 million) in a fresh funding round, according to three people aware of the development. “GEF Capital Partners is set to join the new round and has issued a term sheet to Arya.ag. A few other new investors are also looking to participate,” said one of the sources requesting anonymity as talks are private. Over the past year, Arya.ag has closed two fundraises. In July, the company raised $29 million in an equity round, while its agri-commerce arm Aryatech, secured a $19.8 million commitment from the US International Development Finance Corporation (DFC) to guarantee a debt facility. In response to queries sent on Monday, the company said it's in funding talks but the details are incorrect. Founded to streamline agricultural trade, Arya.ag connects buyers and sellers of farm produce by integrating warehouse discovery, farmgate-level storage, finance, and market linkages into a single platform. The company has disbursed over Rs 2,000 crore in loans backed by stored crops, offering farmers access to storage, credit, and a marketplace to sell their produce. For context, Arya.ag reported interest income of Rs 55.4 crore in FY24. The firm has also expanded partnerships with banks for co-lending, processors for value-added commerce, and climate-focused organisations. Looking ahead, Arya.ag plans to scale its geographic presence and deepen its technology capabilities by FY26. For the fiscal year ended March 2025, Arya.ag posted revenue of Rs 447 crore, while its profits widened 70% year-on-year. However, the company turned profitable in H1 FY26, reporting Rs 32 crore in profit after tax. According to the press release, the company reported strong momentum across its businesses. Its storage segment grew 40% year-on-year in H1 FY26, while the fintech arm posted 50% growth. Meanwhile, the consumer business saw its gross volume jump over sevenfold during the same period.

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Exclusive: Finnable to raise Rs 250 Cr in new round

EntrackrEntrackr · 5m ago
Exclusive: Finnable to raise Rs 250 Cr in new round
Medial

Exclusive: Finnable to raise Rs 250 Cr in new round Digital lending platform Finnable is set to raise Rs 250 crore (approximately $29 million) in its pre-series C round from Matrix Partners, TVS Capital, and India Nippon Electricals Limited. The company has passed a board resolution and allotted 3,35,238 Pre-Series C preference shares at an issue price of Rs 3,788.35 each and secured Rs 127 crore or $14.7 million. During the first tranche of the pre-series C round of Rs 127 crore, Matrix Partners has injected Rs 125 crore, while India Nippon pumped in Rs 2 crore. The remaining funds are expected to be infused shortly, completing the round. The development comes six months after Ranjan Pai’s family office invested Rs 40 crore in the company. According to Entrackr’s estimates, the company would be valued at Rs 1,300 crore or $150 million post-money. Before this round, MEMG Family Office LLP held 18.69% in Finnable, while Matrix Partners India and TVS Shriram Growth owned 14.53% and 8.05%, respectively. Co-founder and CEO Nitin Gupta retained over 24%. The cap table is set to shift with the fresh infusion from Matrix and TVS, alongside dilution of the founders’ stake. Founded in 2016 by ex-bankers Nitin Gupta, Amit Arora, and Viraj Tyagi, Finnable is a Bengaluru-based fintech startup offering personal loans to salaried professionals. The company is at the AUM of Rs 3,000 crore and has served over 2.7 lakhs customers. Finnable has yet to file its FY25 numbers. In FY24, the company posted a revenue of Rs 181.7 crore with losses of Rs 5.88 crore.

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

EntrackrEntrackr · 16d 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: Wow! Momo to raise Rs 75 Cr from Singularity AMC

EntrackrEntrackr · 2m ago
Exclusive: Wow! Momo to raise Rs 75 Cr from Singularity AMC
Medial

Exclusive: Wow! Momo to raise Rs 75 Cr from Singularity AMC Quick service restaurant chain Wow! Momo is set to raise another Rs 75 crore ($8.4 million) in its ongoing Series D round from Singularity AMC. This marks the company’s third funding round in 2025, following a Rs 150 crore raise led by Haldiram’s Kamal Agrawal, along with Khazanah and 360 One. Wow! Momo’s board approved the issuance of 7,838 Series D6 CCPS at an issue price of Rs 95,699 each to raise the above-mentioned sum from Singularity AMC, according to its filing with the Registrar of Companies (RoC). As per Entrackr’s estimates, the company will be valued at around Rs 2,838 crore ($316 million) on a post-money basis. The company will utilize the proceeds to fund capital expansion, meet working capital requirements, and for general corporate purposes to support its business growth, the filing added. Launched in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo operates over 700 outlets across 17 cities, housing brands such as Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. According to startup data intelligence platform TheKredible, Wow! Momo has raised over $140 million to date, including a $42 million Series D round led by Khazanah in January 2024. Following the latest tranche, Singularity AMC will hold a 2.64% stake in the company. For FY24, Wow! Momo posted a 13% year-on-year growth in operating revenue to Rs 470 crore, compared to Rs 413 crore in the previous fiscal, while its losses remained stable at Rs 114 crore. The company has not yet filed its FY25 numbers.

Exclusive: Bloom Hotels to raise $9 Mn in new round

EntrackrEntrackr · 9m ago
Exclusive: Bloom Hotels to raise $9 Mn in new round
Medial

Exclusive: Bloom Hotels to raise $9 Mn in new round Delhi-based hospitality chain Bloom Hotels is set to raise Rs 77.7 crore (around $9 million) in its first funding round of 2025, with participation from Samena Capital Limited and Ikonika Holdings. Bloom Hotels' board has approved a special resolution to issue 7.77 crore compulsory convertible preference shares to raise the said amount, according to its filing with the Registrar of Companies (RoC). The proceeds will be used to fuel the company’s growth and expansion plans, the filing added. The hospitality company operates hotel brands such as Bloom Hotel, Bloom Hub, BloomSuites, and Bloomrooms. Currently, it has over 50 hotels across cities including Mumbai, Pune, Udaipur, Jaipur, and the NCR. The company has already secured around Rs 362 crore (approximately $45 million) from Samena Capital, which now holds a majority stake in the hospitality chain. Bloom Hotels is yet to file its financials for FY25. However, the company has witnessed over 5X growth in the past two years, with revenue rising from Rs 49 crore in FY22 to Rs 250 crore in FY24. It also reported a net profit of Rs 14 crore for the fiscal year ended March 2024. It competes with Treebo Hotels and FabHotels, which posted operating revenues of Rs 88.6 crore and Rs 224 crore, respectively, in FY24. It also faces competition from newer players like Salt Stayz and larger brands such as Oyo, through its Sunday Hotels.

Rapido raises Rs 250 Cr from Prosus as part of Series E round

EntrackrEntrackr · 1y ago
Rapido raises Rs 250 Cr from Prosus as part of Series E round
Medial

Rapido raises Rs 250 Cr from Prosus as part of Series E round Mobility firm Rapido is raising Rs 250 crore (around $29.7 million) from Prosus as part of Series E round. This funding comes just seven months after its $120 million round, which was led by WestBridge. The board at Rapido has passed a special resolution to issue 47,743 Series E preference shares at an issue price of Rs 52,467 each to raise Rs 250 crore or $29.7 million, the company's regulatory filing accessed from the Registrar of Companies shows. Rapido was set to raise approximately $60 million in a mix of primary and secondary funding from Prosus, as exclusively reported by Entrackr in October 2024. The ride-hailing app is raising $200 million in its Series E round at a $1.1 billion valuation. The company has already received two tranches—$120 million and $29.7 million. Following this latest tranche, Prosus will hold around 2.9% of Rapido. Based on Entrackr’s estimates, Rapido is currently valued at approximately Rs 8,726 crore (just over $1 billion). Rapido recorded 46.3% year-on-year growth, with revenue standing at Rs 648 crore in the fiscal year ending March 2024. The company also reduced its losses by 45%, bringing them down to Rs 371 crore during the same period. In Q2 FY25, Rapido reported a 2.5X year-on-year increase in gross order value (GOV), reaching Rs 2,461 crore, up from Rs 977 crore in Q2 FY24. The company also saw a two-fold increase in rides, totaling 207 million.

Exclusive: Pluckk set to raise Rs 100 Cr from Euro Gulf Investment

EntrackrEntrackr · 18d ago
Exclusive: Pluckk set to raise Rs 100 Cr from Euro Gulf Investment
Medial

Pluckk set to raise Rs 100 Cr from Euro Gulf Investment Business-to-consumer fresh produce platform Pluckk is all set to raise Rs 100 crore (approximately $11 million) in a new funding round from existing investor Euro Gulf Investment. This round comes after Euro Gulf Investments’ $10 million investment in March last year, as exclusively reported by Entrackr. However, the company has not publicly announced the round yet. The board at Pluckk has passed a special resolution to issue 3,471 Series C CCPS at an issue price of Rs 2,88,112 each to raise Rs 100 crore or $11 million, its filings accessed from the Registrar of Companies show. The filings added that the fresh proceeds will be used to drive aggressive growth, service interest on debentures, and meet other corporate requirements. According to Entrackr’s estimates, the company’s valuation is expected to reach around $58 million post-allotment. Founded in 2021 by Pratik Gupta, Pluckk operates a farm-to-fork platform delivering fresh, lifestyle-focused produce to consumers. The company also offers trendy food options, including vegan products, low-carb alternatives, and items positioned around gut health and immunity. Prior to this round, the company had secured $15 million to date including its $5 million seed funding from Exponentia Ventures. Following that, it acquired the DIY meal kit platform KOOK for $1.3 million. Last year, Pluckk acquired the nutrition brand Upnourish for $1.4 million. For the fiscal year ended March 2025, the Mumbai-based company’s revenue doubled to Rs 85 crore. However, its losses also widened to Rs 55 crore in the last fiscal year from Rs 41 crore in FY24. Pluckk competed with players such as Gourmet Garden and Kisankonnect in the online fresh produce segment. At the same time, the space saw exits from funded startups including Otipy, Deep Rooted, and Fraazo, which shut down operations despite significant capital raised, reflecting the challenges in building scale in the category.

Exclusive: Fintech startup GrowXCD to raise Rs 200 Cr in Series B

EntrackrEntrackr · 6m ago
Exclusive: Fintech startup GrowXCD to raise Rs 200 Cr in Series B
Medial

Exclusive: Fintech startup GrowXCD to raise Rs 200 Cr in Series B NBFC startups GrowXCD Finance is set to kick off Series B round with Rs 200 crore ($22.7 million) led by Swiss-based Blue Earth Capital with participation from Prosus and existing investors including Lok Capital and UC Impower. Earlier this year, GrowXCD raised Rs 50 crore in its pre-Series B round from Lok Capital and UC Impower. The board at GrowXCD passed a resolution to approve the issue of 1,56,92,344 Series B CCCPS at an issue price of Rs 127.61 each to raise Rs 200.25 crore, according to its regulatory filing accessed from Registrar of Companies (RoC). Blue Earth Capital will lead the round with Rs 105 crore ($12 million), followed by Prosus with Rs 69.4 crore ($7.9 million). Existing investor Lok Capital will invest Rs 21.3 crore ($2.4 million), while UC Impower will join with Rs 4.26 crore and Anshul Agarwal with Rs 25 lakh. A separate filing showed an addition of 10,00,000 options worth Rs 12.76 crore to the ESOP pool, taking its total size to about Rs 43 crore. According to Entrackr’s estimates, the NBFC’s valuation has nearly tripled to around Rs 630 crore ($71.5 million), compared to Rs 215 crore in the previous round. Founded in 2022 by Arjun Muralidharan and Sathish Kumar Vijayan, GrowXCD extends credit to two key segments: micro, small and medium enterprises (MSMEs) and low-income households. Its offerings include small property-backed mortgage loans and short-term unsecured business loans. According to startup data intelligence platform TheKredible, the Chennai-based firm had raised around $12 million prior to this round. Following the latest allotment, Blue Earth Capital will hold 16.7% stake, Prosus 11.04%, while existing investor Lok Capital remains the largest shareholder with 30.84%. For the fiscal year ended March 2025, GrowXCD’s revenue jumped over 7X to Rs 27 crore from Rs 3.73 crore in FY24. During the same period, its losses also widened to Rs 8.17 crore.

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