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Exclusive: Mahesh Bhupathi backed Scentials to raise fresh funds from existing investors

EntrackrEntrackr · 8m ago
Exclusive: Mahesh Bhupathi backed Scentials to raise fresh funds from existing investors
Medial

D2C wellness startup Scentials has raised Rs 34.6 crore (approximately $4 million) in a mix of debt and equity led by Indus Way Emerging Market Fund with the participation of TIW Private Equity. The board at Scentials has passed a special resolution to issue 89,200 Series A1 CCPS and 18,59,000 optionally convertible debentures to raise Rs 34.6 crore or $4 million, its regulatory filing accessed from the Registrar of Companies shows. Indus Way Emerging Market Fund led the round with Rs 32 crore while TIW Private Equity participated with Rs 2.6 crore. According to the filings, the funding will be used to meet the growth objectives and to strengthen the financial position. The funding came after a hiatus of four years for the Mumbai-based company. Scentials has raised around $10 million to date, including $6 million in 2021 led by TIW Private Equity. Founded in 2017, Scentials designs, develops, manufactures, and distributes products through multiple celebrity-backed brands across deodorant, fragrances, and skincare categories. The company has yet to post its annual results for FY24; Scentials recorded a 20.5% year-on-year decline in its scale to Rs 18.22 crore in FY23, compared to Rs 22.92 crore in FY23. Moreover, it recorded a loss of Rs 38.46 crore in FY23.

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Exclusive: Agrostar raises fresh funds from existing investors

EntrackrEntrackr · 6m 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.

Exclusive: Baaz Bikes to raise fresh funds from existing investors

EntrackrEntrackr · 2m ago
Exclusive: Baaz Bikes to raise fresh funds from existing investors
Medial

Exclusive: Baaz Bikes to raise fresh funds from existing investors Founded by Anubhav Sharma and Shubham Srivastava, Baaz Bikes provides subscription-based scooters to gig workers at firms like Zomato, Zepto, Swiggy, and Amazon. Baaz Bikes is raising Rs 19 crore ($2.2 million) in its extended Series A round from its existing investors, including Big Capital, Rakuten Capital, and Kalaari Capital. The board at Baaz Bikes has passed a special resolution to issue 2,521 preference shares at an issue price of Rs 75,716 each to raise Rs 19.08 crore, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Big Capital will be leading the round with an investment of Rs 8.36 crore, while Rakuten Capital and Kalaari Capital will be investing Rs 5.86 crore and Rs 4.35 crore, respectively. Preetinder Singh Panjrath (CFO of Big Capital) will also contribute Rs 50 lakhs during the fresh proceeds. According to the startup data intelligence platform TheKredible, the company will be valued at around Rs 278 crore or $32.29 million post-money. The company has raised $12 million to date, including its $8 million Series A round led by Big Capital in 2023. Kalaari Capital is the largest external stakeholder with 24.80%, followed by Big Capital and Rakuten Capital, which command 11.30% and 8.06% respectively. The subscription covers multiple battery swaps in a month. The company has yet to file its annual results for FY25. However, its revenue from operations was recorded at Rs 3.76 crore in FY24, with a loss of Rs 8.47 crore during the fiscal year ended in March 2024.

Exclusive: Wondrlab to raise fresh funds at $90 Mn valuation

EntrackrEntrackr · 1m ago
Exclusive: Wondrlab to raise fresh funds at $90 Mn valuation
Medial

Exclusive: Wondrlab to Raise Fresh Funds at $90 Mn Valuation Martech platform Wondrlab is set to raise Rs 40.8 crore (around $4.6 million) in a fresh funding round led by Wildflower Private Trust with the participation of existing investors Pi Ventures, Tanas Capital, and others. This is the first funding in four years for the marketing firm since it raised $7 million in its seed round in October 2021. The Wondrlab’s board passed a resolution to approve the issue of 7,744 preference shares and 500 equity shares at an issue price of Rs 49,472 each to raise the mentioned sum, according to its regulatory filing from Registrar of Companies (RoC). Wildflower Private Trust will be leading the round with a Rs 12.5 crore investment, while existing investors Pi Ventures and Tanas Capital will infuse Rs 9.85 crore and Rs 6.7 crore, respectively. The rest of the amount will be contributed by a group of angel investors including Nazara’s promoters Nitish Mittersain and Vikash Mittersain. The company will also allot equity shares to the co-founders of its recently acquired firm, BigStep Tech. According to Entrackr’s estimates, the Mumbai-based company will be valued at around Rs 796 crore or $90 million post-money. Founded in 2020 by Saurabh Varma, Vandana Verma, and Rakesh Hinduja, Wondrlab is a platform-first martech startup specializing in technology, digital, and programmatic advertising. Following the latest allotment, Pi Ventures will hold an 11.5% stake, while Tanas Capital will own 7.82%. New investor Wildflower Private Trust will acquire 1.5%, and the promoters will collectively retain a 60.53% stake. For the fiscal year ended March 2024, Wondrlab’s operating revenue tripled to Rs 189 crore from Rs 63 crore in FY23, while profit surged to Rs 11 crore. It has yet to file its FY25 numbers.

Exclusive: Anant Goel’s Handpickd raises fresh funds

EntrackrEntrackr · 4m ago
Exclusive: Anant Goel’s Handpickd raises fresh funds
Medial

Exclusive: Anant Goel’s Handpickd raises fresh funds Fresh produce startup Handpickd (formerly Sorted) is raising Rs 21.7 crore in an extended seed round led by Nitin Gupta and Genesia Ventures, with participation from BEENEXT and others. Fresh farm produce and supply chain startup Handpickd (previously Sorted) is raising Rs 21.7 crore in an extended seed round led by Nitin Gupta and Genesia Ventures with the participation of BEENEXT, Stargazer Ventures, Eximius Ventures, Sunrise Sunset Family Trust, and others. The Handpickd’s board passed a resolution to approve the issue of 10,547 Series Seed B CCPS at an issue price of Rs 20,566 to raise Rs 21.7 crore or around $2.5 million, according to recent filings accessed from March 2025 from the Registrar of Companies (RoC) shows. Nitin Gupta, Partner at GG Enterprises and Genesia Ventures, led the round with an investment of Rs 6.48 crore and Rs 6 crore, respectively, followed by existing investor BEENEXT, which is contributing Rs 2.16 crore. Sunrise Sunset Family Office will invest Rs 2 crore, while the remaining amount will be covered by Infinyte Club Angel Fund and Eximius Ventures, Stargazer Ventures and Ankit Agarwal. As per filings, the company has already received around Rs 10.16 crore, with the remaining amount expected to follow shortly. The Blume Venture-backed company will be valued at around Rs 300 crore or $35 million, according to Entrackr’s estimates. Founded by Anant Goel along with Nitin Gupta and Sahil Madan, Handpickd operates on a B2B2C model, delivering fresh fruits and vegetables through a tech-enabled supply chain. The company sources produce directly from local farmers and vendors, leveraging a network of micro-entrepreneurs for efficient last-mile delivery. According to startup data intelligence platform TheKredible, Handpickd has raised around $9 million from investors including BEENEXT, Blume Ventures, Kunal Bahl, Rohit Kumar Bansal. The company recorded over 2.3X year-on-year growth in operating revenue, rising to Rs 17.5 crore in FY24 from Rs 7.4 crore in FY23. Its losses remained flat at Rs 2.1 crore during the fiscal year ending March 2024. Handpickd competes with other farm-to-fork funded startups including Otipy ($49 million), Fraazo ($61 million), Deep Rooted ($20 million) which shut their operations. Handpickd also competes with Kareena Kapoor-backed startup Pluckk which is set to raise $10 million.

Exclusive: Vama set to raise fresh funds in pre-Series A round

EntrackrEntrackr · 24d ago
Exclusive: Vama set to raise fresh funds in pre-Series A round
Medial

Exclusive: Vama set to raise fresh funds in pre-Series A round Virtual spiritual app Vama is set to raise Rs 23.87 crore (around $2.7 million) in its pre-Series A round led by existing investor Wavemaker Partners with the participation of 500 Global, Venture Catalyst, 9Unicorns, Silver Needle Ventures, and other angel investors. The Vama’s board passed a resolution to issue 4,433 pre-Series A1 compulsory convertible preference shares at an issue price of Rs 53,466.8 per share to raise the mentioned sum, according to its filing with the Registrar of Companies (RoC). Wavemaker Partners will lead the round with an investment of Rs 11.37 crore, followed by 500 Global and Silver Needle Ventures with Rs 4.37 crore and Rs 3.2 crore, respectively. 9Unicorns will also participate with Rs 1.59 crore, while the remaining amount will be contributed by Venture Catalyst, Sadev Capital, and angel investors including Alok Nanavaty, Harit Nagpal, Swati Parikh, and Mahesh Kamdar. The company already received Rs 2.57 crore from Wavemaker partners in June 2025. According to the filing, the proceeds will be used to support business expansion and development needs. Vama is estimated to be valued at Rs 149 crore (around $17 million) post-money, according to Entrackr’s estimates. Founded in 2020 by Manu Jain and Acharya Dev, the Delhi-based startup offers virtual access to religious services such as e-pujas, e-darshans, and astrology consultations. Through its Android and iOS apps, it claims to have facilitated more than 1.5 lakh astrology and puja services worldwide. According to startup data intelligence platform TheKredible, Vama has raised around $5 million prior to this round. Following the latest allotment, Wavemaker will hold the largest external stake at 18.18%, while new investors 500 Global and Silver Needle Ventures will own 2.84% and 2.08%, respectively. The company’s promoters aka co-founders will collectively retain a 33.71% stake. For the fiscal year ending March 2025, Vama’s revenue doubled to Rs 19.5 crore, while its losses widened 33% to Rs 12 crore. It directly competes with AppsForBharat, which recently raised $20 million in a Series C round. Its other competitors include DevDham, Utsav App, Sutradhar, Ghar Mandir, and 27 Mantra.

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