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Exclusive: Former Accel and GoTo executives raising funds for prediction market startup Agara

EntrackrEntrackr · 5d ago
Exclusive: Former Accel and GoTo executives raising funds for prediction market startup Agara
Medial

Exclusive: Former Accel and GoTo executives raising funds for prediction market startup Agara Prediction markets startup Agara is in talks to raise over $7 million in a new funding round, according to sources aware of the discussions. “Accel will invest in the round,” said one person familiar with the matter, adding that discussions are ongoing and terms could still change. “The company is seeking a post-money valuation of around $25 million.” Founded by Nikhil Ramesh and Manasjoti Saloi, Agara is building an opinion sharing and prediction markets platform that allows users to earn money by predicting outcomes of future events. The platform is expected to enable participation across categories such as sports, entertainment, politics, weather, culture, technology, and crypto. The founders bring experience across AI and large scale consumer products. Ramesh previously worked as an AI Resident at Accel between March and November 2025. Saloi earlier served as vice president of product management at GoTo Group for over six years, where he led products across transport, consumer logistics, GoShop, Kilat, and GoCorp, and also managed grocery and other consumer offerings. Sources said the company plans to primarily focus on Southeast Asia, while building a platform designed for broader global participation. The platform is also expected to support features including local and contextual markets, along with formats such as parlays and leverage. Responding to Entrackr’s queries, Ramesh said that the facts are incorrect. Accel did not respond to queries sent last week. The development comes amid tighter regulatory scrutiny in India’s real money gaming and opinion trading space. In August, several platforms including Probo, Gameskraft, MPL, My11Circle, and Zupee shut down their real money operations in India following regulatory action. Globally, opinion trading and prediction market platforms have gained traction in markets with clearer regulatory frameworks. Companies such as Kalshi and Polymarket have seen growing adoption for event-based trading, while other platforms have experimented with market-driven models to capture collective sentiment around future outcomes.

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SoftBank looks to balance caution with opportunity amid volatile market as profit shrinks

YourStoryYourStory · 1y ago
SoftBank looks to balance caution with opportunity amid volatile market as profit shrinks
Medial

Japanese investment conglomerate SoftBank is exercising caution as it faces market volatility after investing heavily from its Vision Fund. SoftBank's CFO, Yoshimitsu Goto, stated that the company will approach valuations with caution but also sees the current market volatility as an investment opportunity. Goto emphasized the need for a balance between investing in high-growth assets and focusing on shareholder returns. Despite recent stock price drops, Goto drew historical parallels to reassure investors that previous market downturns have led to transformative growth. SoftBank remains committed to its investments in artificial intelligence despite concerns about profitability and valuations.

Exclusive: Agrostar raises fresh funds from existing investors

EntrackrEntrackr · 8m ago
Exclusive: Agrostar raises fresh funds from existing investors
Medial

Exclusive: Agrostar raises fresh funds from existing investors Agritech startup Agrostar has raised Rs 57.65 crore in a fresh round from existing investors. This is the first round of investment for the Accel-backed company this year. Agritech startup Agrostar has raised Rs 57.65 crore or $6.7 million in a fresh round from existing investors. This is the first round of investment for the Accel-backed company this year. The board at Agrostar has passed a special resolution to issue 1,45,397 compulsory convertible preference shares at an issue price of Rs 3,965 each to raise Rs 57.65 crore, its regulatory filing accessed from the Registrar of Companies shows. Existing investors Accel India, Evolvence, Chiratae Ventures, Hero Enterprises, Bertelsmann, and Aavishkaar India participated during the round. According to Entrackr’s estimates, the company has been valued at around $293 million post-allotment. Agrostar operates as a comprehensive platform catering to farmers, offering both online and offline channels for farm advisory solutions and agricultural inputs. Agrostar generates revenue from the sale of agri inputs. Agrostar has raised over $110 million to date, including $70 million Series D led by Schroders. According to the startup data intelligence platform TheKredible, before this round, Chiratae Ventures was the largest external stakeholder, followed by Aavishkaar Capital, Accel, and Bertelsmann. The company last filed its financial statements in FY22, where it recorded 88.4% year-on-year growth to Rs 260 with the loss of Rs 142 crore in the same period. It competes with Ninjacart, DeHaat, and Waycool. 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.

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