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Exclusive: Durlabh Darshan set to raise $2 Mn led by Prime VP

EntrackrEntrackr · 3m ago
Exclusive: Durlabh Darshan set to raise $2 Mn led by Prime VP
Medial

Exclusive: Durlabh Darshan set to raise $2 Mn led by Prime VP Spiritual startup Durlabh Darshan is set to raise $2 million in its first institutional funding round, according to sources familiar with the matter. The Bhopal-based company will join a growing list of startups in the spiritual tech space that have secured funding in recent years. “Prime Venture Partners is in late-stage talks to lead a new funding round in Durlabh Darshan,” said one of the sources, requesting anonymity. “The terms of the deal have been finalised.” Earlier in 2022, Durlabh Darshan had raised Rs 7.45 crore from individual investors, including Saurav Jindal, Deepak Garg, Gaurav Raizada, Jasvir Singh, and Nitesh Gupta, according to regulatory filings. Founded in 2024 by Prashan Kumar Mishra, Durlabh Darshan creates 3D 360° darshan journeys of major Hindu temples and rituals—such as Kashi Vishwanath in Varanasi, Mahakaleshwar in Ujjain, and Vaishno Devi in Katra. According to the company’s website, its journey began with a patent for a low-cost XR controller for smartphones. The company offers Durlabh Darshan Kendras—physical centers in temple towns—and online services that provide VR headset sessions and home-viewing kits, with bookings available for in-person VR shows like the Bhasma Aarti in Ujjain or home sessions starting at Rs 150–250. As per sources, Durlabh Darshan will be valued at under $10 million post money. Entrackr has reached out to Prime VP and Durlabh Darshan for comments. Its competitors include Temple 360, Who VR, and the Pilgrimage Tour app. Data from TheKredible reveals that startups in the astro and spiritual tech sector, including AstroTalk, Vama, Ustav App, DevDham, InstaAstro, and Melooha, have collectively raised more than $75 million over the past two and a half years. The sector also saw consolidation, as BrahmVeda acquired Vedvaani and Melooha took over Munitalks.

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Exclusive: Healthtech startup Dozee to raise $10 Mn in debt

EntrackrEntrackr · 28d ago
Exclusive: Healthtech startup Dozee to raise $10 Mn in debt
Medial

Healthtech startup Dozee is set to raise $10 million (Rs 86 crore) in debt funding from Stockhausen International Pte Ltd, its second debt infusion in four months after a $7 million investment in March this year. The board at Dozee passed a resolution to offer 7,545 Series B optionally convertible debentures at a face value of Rs 1,14,074 each to raise the aforementioned amount, according to its regulatory filing with the Registrar of Companies (RoC). The proceeds from this funding will be used for business operations, development, and lending to subsidiaries outside India, the filing added. Founded in 2015, Dozee provides remote health monitoring solutions through devices that track heart health, respiration, sleep quality, and stress levels. Dozee’s offerings include Shravan, an AI-powered device for early hearing screening and rehabilitation, and smart mat, a contactless device placed under a mattress to monitor vital signs like heart rate, respiration, stress, and sleep patterns. Dozee is one of the fastest-growing players in Remote Patient Monitoring (RPM) and Early Warning Systems (EWS), and has recently earned the CE Mark under the EU MDR 2017/745, a global benchmark for medical device safety and efficacy. According to startup data intelligence platform TheKredible, the Prime Venture Partners-backed company has raised around $38 million to date, including debt, from investors such as Yournest, 3One4 Capital, and Prime Venture Partners. While the firm is yet to report FY25’s numbers, it reported Rs 5 crore in operating revenue for FY24. The Bengaluru-based company narrowed losses by nearly 20% to Rs 68 crore from Rs 84.4 crore in FY23.

Exclusive: Neo kicks off Series B with $26.5 Mn

EntrackrEntrackr · 1y ago
Exclusive: Neo kicks off Series B with $26.5 Mn
Medial

Wealth and asset management company Neo has raised Rs 220 crore or $26.5 million in its Series B led by Crystal Investment. This is the second significant round for the Mumbai-based company in the past 9 months. The board at Neo has approved issuing Series B preference shares at an issue price of Rs 3,12,421 each to raise $26.5 million, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Crystal investments pumped in Rs 140 crore (approximately $16.8 million) while Mufg Bank and individual investor Deepak Agarwal participated with Rs 78 crore and Rs 2 crore, respectively. This seems to be part of an ongoing round and the firm may raise more funds.. As per TheKredible’s estimates, the company has been valued at around Rs 1,920 crore or $231 million post-allotment. Neo has raised around $104 million to date including its $35 million Series B round led by Peak XV in October last year. According to the startup data intelligence platform TheKredible, Peak VV was the largest external shareholder, holding 22.22% of the company. Meanwhile, its co-founders—Nitin Jain, Varun Bajpai, and Hemant Dogra—collectively held 63.81% prior to this funding round. Neo provides advisory and yield-based investment solutions to high and ultra-high net worth individuals including indigenous family offices. The three-year-old firm demonstrated supper growth in the fiscal year ending March 2023 as its revenue ballooned 9X to Rs 65.1 crore. Neo achieved such growth with a mere loss of Rs 3.6 crore during FY23. The company is yet to disclose its FY24 results.

Exclusive: Virtual credit card app Kiwi set to raise around $23 Mn in Series B

EntrackrEntrackr · 22d ago
Exclusive: Virtual credit card app Kiwi set to raise around $23 Mn in Series B
Medial

Exclusive: Virtual credit card app Kiwi set to raise around $23 Mn in Series B Fintech startup Kiwi is raising $23 million from new and existing investors, according to two sources aware of the matter. The fresh funding is coming at a gap of nearly two years for the Mumbai-based startup. “Vertex Ventures has issued a term sheet to lead the round,” said one of the sources, requesting anonymity as the talks are private. “Kiwi is likely to be valued at over $100 million (post-money) in this round, which will also see participation from existing investors Stellaris VP and Nexus VP.” This fresh fundraise follows Kiwi’s Series A round in November 2023, when it secured $13 million led by the above-mentioned existing backers. At the time of the earlier round, the startup was valued at around $65 million. Entrackr has also confirmed the fundraise through regulatory filings. Founded in 2022 by former Freecharge executive Anup Agrawal along with Satyam Kumar and Siddharth Mehta, Kiwi enables users to make UPI payments via RuPay credit cards. The company works with Axis Bank and has tied up with NPCI to push the adoption of credit on UPI. Unlike traditional credit cards, Kiwi issues a virtual RuPay card that can be directly linked to UPI apps such as Google Pay and PhonePe. The firm competes with Slice, OneCard and Uni among a few others. Kiwi declined to comment on the story while queries sent to Vertex, Omidyar, Nexus, and Stellaris did not elicit any response. Investor interest in Kiwi is in line with the broader push by the Reserve Bank of India and NPCI to enable wider adoption of credit on UPI. Since the feature was introduced in 2022, the product has gained traction with both banks and fintech companies experimenting with solutions to increase credit usage in digital payments. The firm claims to be the first to launch credit on UPI with a full-stack offering. According to startup data intelligence platform TheKredible, Siddharth Mehta, Anup Agarwal, and Mohit Bedi each hold about 16.2% stake in Kiwi as of the Series A round, while Nexus is the largest external stakeholder in the three-year-old startup.

Exclusive: Ziffi Chess raises over $5 Mn led by Tanglin Venture

EntrackrEntrackr · 2d ago
Exclusive: Ziffi Chess raises over $5 Mn led by Tanglin Venture
Medial

Exclusive: Ziffi Chess raises over $5 Mn led by Tanglin Venture Ziffi Chess, a 2 min chess format game, has secured Rs 44.2 crore ($5 million) in its Series A round led by Tanglin Venture Partners along with participation of existing investors India Quotient, DeVC and others. Previously, Ziffi raised around Rs 7.3 crore in Seed round across 2 tranches from India Quotient, DeVC and few other angel investors. However, the company did not disclose both funding rounds (nearly $6 million) in the media. The board at Ziffi Chess issued 3,792 Series A CCPS and an equity share at an issue price of Rs 1,16,583 each to raise the aforementioned amount, as per its regulatory filing with the Registrar of Companies (RoC). New investor Tanglin Venture Partners spearheaded the round with Rs 34.4 crore (around $3.9 million) followed by existing investor India Quotient via IQ Alpha IV who invested Rs 8.6 crore. Remaining amount covered by DevC, Symphysis LSV LLP and Rohan Nayak. According to Entrackr’s estimates, the Gurugram-based company is currently valued at Rs 206 crore or $23.5 million post-allotment. Following the allotment of this round, Tanglin Venture Partners holds a 16.67% stake in the company, while India Quotient owns 15.2%. The two co-founders, Akshat Bansal and Aditya Dubey together retain a 53.54% stake. Founded in 2023 by IIT-B alumni Akshat Bansal and Aditya Dubey, who previously led the quick-commerce pivot at Blinkit, Ziffi Chess brings a fresh take on the game with its unique 2-minute, 6-move format. It allows players to compete in quick matches and win cash rewards. While games can be played for free, the tournament mode features a prize pool of Rs 350. After the government’s blanket ban on real-money online gaming, Ziffi Chess now allows users to play matches free of cost. Earlier, it charged an entry fee starting from Rs 10, according to a review on the App Store. In Ziffi’s first year of operations in FY24, it recorded an operating revenue of Rs 1.5 lakh while its expenses recorded at Rs 87.65 lakh. During the period, the company incurred a loss of Rs 86 lakh.

Exclusive: Propelld to raise $30 Mn from WestBridge and Stellaris

EntrackrEntrackr · 4m ago
Exclusive: Propelld to raise $30 Mn from WestBridge and Stellaris
Medial

Exclusive: Propelld to raise $30 Mn from WestBridge and Stellaris Propelld, an education-focused lending platform, is set to secure Rs 260 crore (around $30.5 million) in its Series D round led by WestBridge Capital with the participation of Stellaris Venture Partners. Propelld’s board passed a special resolution to allot 20,732 Series D compulsory convertible preference shares (CCPS) at an issue price of Rs 1,25,408 each to raise the aforementioned sum, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Westbridge Capital will invest Rs 240 crore ($28 million) via Setu AIF Trust, Konark Trust, and MMPL Trust while Stellaris Venture Partners will contribute Rs 20 crore. The investment will be utilized to meet the company’s working capital needs and capital expenditure for business expansion, the filing added. According to Entrackr’s estimates, the company is valued at around Rs 860 crore or $101 million post-allotment. Founded in 2019 by Bibhu Prasad Das, Victor Senapaty, and Brijesh Samantaray, Propelld provides education loan financing through 'Study Now, Pay Later' products and Income Sharing Agreements (ISA) via its NBFC arm. The company also offers collateral-free education financing options. Following the latest fundraise, WestBridge will hold a 46.9% stake in the company while Stellaris Venture Partners will hold a 15.69% stake. Propelld competes with other education loans-focused fintech startups like Leap Finance and Grayquest.

Exclusive: EatClub to raise $22 Mn led by Tiger Global

EntrackrEntrackr · 1m ago
Exclusive: EatClub to raise $22 Mn led by Tiger Global
Medial

Exclusive: EatClub to raise $22 Mn led by Tiger Global EatClub operates a multi-brand cloud kitchen model. It operates sixteen brands, including Box8 and Mojo Pizza, Bhatti Chicken, NH1 Bowls, ZAZA Biryani, and others. EatClub, which owns and operates several popular cloud kitchen brands such as Box8 and Mojo Pizza, is raising Rs 185 crore (nearly $22 million) led by Tiger Global with the participation of A91 Partners and 360 ONE Asset Management. The board at EatClub has passed a special resolution to issue 11,830 preference shares to potential investors to raise the aforementioned amount, its regulatory filing accessed from the Registrar of Companies (RoC) shows. As per the filing, Tiger Global is set to lead the round with an investment of Rs 126 crore, followed by A91 Partners with Rs 37.5 crore. 360 One Asset Management, through its Monopolistic and Opportunity Fund, will contribute Rs 21.2 crore. The company may raise more capital in this round. The company will use these proceeds for the growth and expansion of the company, the filing further added. According to Entrackr’s estimates, the company will be valued at around Rs 4,585 crore or $540 million post-money. This marks an 80% increase in the valuation when compared to its last fundraise of $40 million at $300 million in December 2021. EatClub also concluded a $30 million secondary transaction at an undisclosed valuation in March 2022. Founded by Anshul Gupta and Amit Raj, the company operates a multi-brand cloud kitchen model. It operates sixteen brands, including Box8 and Mojo Pizza, Bhatti Chicken, NH1 Bowls, ZAZA Biryani, and others. For the fiscal year ended March 2024, EatClub reported an operating revenue of Rs 515.5 crore and reduced its losses by around 77% to Rs 15.77 crore from Rs 69 crore in the previous year. The company has yet to file its annual report for FY25. EatClub stands out as one of the rare startups to receive a Tiger Global-led round in 2025. Prior to this, the investment firm had led a $125 million tranche in Infra.Market in January. EatClub directly competes with Rebel Foods, which raised $210 million last year through a mix of primary and secondary funding and reported Rs 1,420 crore in revenue with a loss of Rs 378 crore in FY24. Other notable rivals include Freshmenu, Curefoods’ Eatfit, and BBK. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

Exclusive: Consumer lending startup Fibe raises $66 Mn

EntrackrEntrackr · 1y ago
Exclusive: Consumer lending startup Fibe raises $66 Mn
Medial

Digital lending platform Fibe (formerly EarlySalary) has raised Rs 547 crore or $66 million in Series E round led by TPG’s The Rise Fund and Kabira Holdings. This is the first round of investments for the Pune-based company in the past two years. The board at Five has passed a special resolution to issue 5,46,75,600 Series E CCPS at an issue price of Rs 100 each to raise Rs 547 crore, its regulatory filing accessed from the RoC shows. The Rise Fund led the round with Rs 133 crore while Kabira Holdings put in Rs 125 crore. Eight Road Ventures, Norwest Capital, and Trifecta participated with Rs 41.6 crore, Rs 62.5 crore and Rs 55 crore, respectively. Amara Partners and Chirate also invested Rs 29.17 crore and Rs 100 crore. According to filings, the company will use these funds for expansion and growth as per the business plan duly adopted by the board. This is a developing story…

Exclusive: 60-min fashion delivery startup Slikk to raise $10 Mn led by Nexus

EntrackrEntrackr · 5m ago
Exclusive: 60-min fashion delivery startup Slikk to raise $10 Mn led by Nexus
Medial

Exclusive: 60-min fashion delivery startup Slikk to raise $10 Mn led by Nexus Slikk, a fashion delivery platform promising 60-minute delivery, is all set to raise another funding round following its recent seed investment, sources familiar with the matter told Entrackr. "Nexus is spearheading a $10 million funding round at a $40 million valuation," said one of the sources. "The deal has already been finalized, and existing investors are expected to participate." On Tuesday, Slikk announced $3.2 million seed round led by Lightspeed with participation from Multiply Ventures and angel investors including Abhishek Goyal (Tracxn), Abhinav Pathak (Perpule), Madhav Tandan, Nikhil (Panthera), and Saurabh Gupta (DST Global). Slikk targets young, impulse-driven shoppers, including students, professionals, and trend-savvy urbanites influenced by social media. Over the next five years, it plans to expand into tier I and tier II cities, offering 60-minute fashion delivery while diversifying into seven-plus lifestyle categories. The startup features more than 80 brands, including Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers, and Bewakoof. "Quick commerce is trending, and investors have recently shown strong interest in the fashion segment. With Myntra introducing a 30-minute delivery service for fashion and beauty products, more startups are likely to follow suit and seek funding,” said another source. Slikk declined to comment on the story while queries sent to Nexus did not elicit an immediate response.

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