🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Favcy VB’s 10th anniversary drives Rs 40 Cr in startup investments

EntrackrEntrackr · 5m ago
Favcy VB’s 10th anniversary drives Rs 40 Cr in startup investments
Medial

Favcy Venture Builders (Favcy VB) has celebrated its 10th anniversary with the Favcy VB Summit 2025, held at Bharat Mandapam. The summit brought together over 150 VCs and investors, along with more than 30 founders from its portfolio. The attendees included prominent VCs and family offices such as AWE Funds, Stanford Alumni Fund, She Capital, Anay Ventures, and the Vineeta Surana Family Office, among others. Angel investors from its 1stCheque network and government dignitaries from organizations like MeitY and iStart Rajasthan also participated. The summit highlighted Favcy VB’s pivotal role in empowering over 10,000 founders. "Over the past decade, we’ve refined venture building into a science, ensuring startups have a strong foundation from day one. This is the future of entrepreneurship. The next unicorns won’t just be discovered; they’ll be built," said Pranav Chaturvedi, Founding Partner & MD of Favcy VB. The summit featured live pitches by 33 founders across sectors such as AI, SaaS, D2C, deeptech, and sportstech. Notable startups included Serri, a Gen AI product startup, and Maity's, an elder care services venture. Some of the startups secured funding commitments worth over Rs 40 crore, with leading VC firms and HNIs—including AWE Funds, Good Capital, and IIM A Ventures—participating in the funding rounds, backing high-growth ventures. "Favcy VB’s structured approach de-risks early-stage investing and ensures scalable success. The portfolio we saw today is a testament to their model," said Seema Chaturvedi, Managing Partner, AWE Funds. A key highlight of the summit was the 1to10 Demo Day, a platform where first-time investors actively participated in shaping the future of India’s startup ecosystem. This initiative aligns with Favcy VB’s broader mission to democratize access to venture building and early-stage investing. The summit also showcased Favcy VB’s cutting-edge Gen AI platforms—Favcy Navigator and Startup Nalanda—designed to empower founders at every stage of their entrepreneurial journey. Favcy VB is a venture-building platform dedicated to structured startup creation and investment opportunities. It aims to empower 10,000 founders and transform high-potential ideas into scalable, investor-ready businesses.

Related News

Drishti IAS posts Rs 405 Cr revenue and Rs 90 Cr PAT in FY24

EntrackrEntrackr · 6m ago
Drishti IAS posts Rs 405 Cr revenue and Rs 90 Cr PAT in FY24
Medial

Drishti IAS posts Rs 405 Cr revenue and Rs 90 Cr PAT in FY24 Offline coaching firm Drishti IAS Institute crossed Rs 400 crore of revenue during the previous fiscal year ended in March 2024. The profits for the Vikas Divyakirti-led firm touched Rs 90 crore in the same period. Drishti IAS’s revenue from operations increased by 30.6% year-on-year to Rs 405 crore in FY24 from Rs 310 crore in FY23. The Delhi-based company's revenue rose from Rs 40 crore in FY21 to Rs 119 crore in FY22, and further to Rs 310 crore in FY23. The 26-year-old educational platform mainly provides offline coaching for Civil Services Examination (CSE). Income from coaching services accounted for 94.8% of the total operating revenue, which increased by 37.6% to Rs 384 crore in FY24 from Rs 279 crore in FY23. The remaining income is generated from the sale of study materials, including pen drives, books, test papers, and other resources. Drishti IAS operates seven institutes, including two in Delhi, three in Uttar Pradesh, and one each in Jaipur and Indore. Its Mukherjee Nagar Institute is the largest revenue contributor, accounting for 58% of the total coaching income. Employee benefits and faculty charges constituted 40% of its overall cost, increasing by 41% to Rs 117 crore in FY24 from Rs 83 crore in FY23. Drishti IAS's advertising spending also jumped 3.4X to Rs 51 crore in FY24. Drishti IAS's overall expenditure increased to Rs 289 crore in FY24 from Rs 197 crore in FY23. Higher spending on employee benefits and advertising resulted in a modest 3.4% increase in net profits, which rose to Rs 90 crore in FY24 from Rs 87 crore in FY23. The company's ROCE and EBITDA margin were recorded at 55.7% and 33.73%, respectively, while the expense-to-revenue ratio stood at Re 0.71. As of March 2024, the company's total current assets were valued at Rs 88 crore, with cash and bank balances of Rs 54 crore.

Emiza raises Rs 100 Cr in Series C round

EntrackrEntrackr · 5m ago
Emiza raises Rs 100 Cr in Series C round
Medial

Emiza raises Rs 100 Cr in Series C round Supply chain and warehousing startup Emiza has mopped up its Rs 100 crore (approximately $12 million) Series C funding round co-led by Evolvence India and Mirabilis Investment Trust. The round, which came at a valuation of Rs 400 crore (nearly $50 million), comprised a mix of primary and secondary investments, enabling exit for some early investors. The proceeds will be utilized to drive innovation, enhance warehouse technology, improve automation, and expand its footprint with new facilities, Emiza said in a press release. Co-founded in 2015 by Ajay Rao and Jitendra Kumar, Emiza provides logistics and delivery management solutions for e-commerce businesses. It offers warehousing and fulfillment solutions and uses technology and processes to optimize and manage the storage and distribution of inventory. Emiza states that it has emerged as a key enabler in this ecosystem, delivering customized warehousing and fulfilment solutions that elevate customer experiences and drive operational excellence for its partners. The company has recorded 40% year-on-year growth to Rs 102 crore during the fiscal year ended March 2024. However, the profits for the firm dwindled to Rs 2.6 crore in FY24, compared to Rs 4.98 crore in FY23.

Ixigo closes Rs 176 Cr pre-IPO secondary placement

EntrackrEntrackr · 1y ago
Ixigo closes Rs 176 Cr pre-IPO secondary placement
Medial

Le Travenues Technology Limited, which operates travel booking platform Ixigo, is all set to make its debut on stock exchanges on 10th June with the price band of Rs 88-93 per share. The firm announced its pre-IPO secondary placement of Rs 176.2 crore ($21 million) at the top-end price (Rs 93) a day before Anchor Book. The early backer SAIF Partners sold its 1,07,52,689 shares worth Rs 100 crore ($12 million) to Ashoka India (White Oak), Tata Digital Fund, and Bay Capital. On the other hand, PeakXV sold its 6,989,248 shares worth Rs 65 crore ($7.8 million) to Bay Capital and Steadview Holding. Micromax and Madison India also sold their 12,05,268 shares to Steadview Capital worth Rs 11.2 crore ($1.3 million) in a pre-IPO secondary round. According to the company, SAIF partners will hold 20.52% after this secondary transaction while Peak XV and Micromax will own 13.81% and 5.52% respectively. Ixigo’s co-founders Aloke Bajpai, and Rajnish Kumar cumulatively hold 16.65% of the company. As per the analysis, SAIF Partners and Peak XV will get a hefty 13X and 8.2X returns from Ixigo respectively. Micromax Limited will also enjoy a good 10.88X return from the Gurugram-based company. Ixigo’s public offering will be open from 10th June to June 12 with a minimum lot size of 161 for the retail investor. For the small non-institutional investors, the minimum lot size is 14 lots. Ixigo demonstrated decent growth during the first nine months of the last fiscal year (FY24). Its operating revenue stood at Rs 491 crore while the firm also made a sizable profit of Rs 65.7 crore in the same period.

Download the medial app to read full posts, comements and news.