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Finfluencer Sagar Sinha launches Rs 10 Cr startup fund

EntrackrEntrackr · 1y ago
Finfluencer Sagar Sinha launches Rs 10 Cr startup fund
Medial

Finance influencer and motivational speaker Sagar Sinha has launched a Rs 10 crore fund for startups and budding entrepreneurs. Through his investment, Sinha aims to support startups and entrepreneurs in realizing their full potential and achieving their goals. “I am excited to support the next generation of entrepreneurs and innovators. I believe that by investing in startups and entrepreneurs, we can create a positive impact on society and drive sustainable growth,” said Sinha in a statement. He is a reputed name in the Josh Talks and a popular TedX Speaker. With over a decade of experience, Sinha claims to have delivered over 5,000 lectures, reaching millions globally. Utilising YouTube and other social media platforms with followers of more than 7 million, he shares his knowledge to spread financial literacy. In July last year, Sinha launched a series of corporate training programmes that aims to empower young entrepreneurs.

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Kettleborough VC launches fund II with Rs 80 Cr target, closes Rs 35 Cr in first tranche

EntrackrEntrackr · 1d ago
Kettleborough VC launches fund II with Rs 80 Cr target, closes Rs 35 Cr in first tranche
Medial

Venture capital firm Kettleborough VC, founded by early-stage investor Nisarg Shah, has launched its second fund with a target corpus of Rs 80 crore and announced a first close at Rs 35 crore. The fund is backed by a mix of family offices and entrepreneurs from India and the US. According to Kettleborough, Fund II will continue to invest in deeply experienced founders at the earliest stages, typically those with over 10 years of domain expertise and a strong execution focus. The firm will write initial cheques of $300,000–$500,000 in about 10 startups, with significant follow-on reserves for high-performing bets. Founded in 2021, Kettleborough VC has built a name as a conviction-led, construct-specific fund. Its Fund I backed 12 startups including Zippmat, InPrime, Finhaat, and Elivaas, nine of which received their first institutional cheque from Kettleborough. These portfolio companies have since raised follow-on rounds from investors like Omnivore, Lightspeed, 3one4, and Bessemer. “We only back founders for whom the startup is a natural outcome of a decade-long journey in their domain. Fund I has validated this thesis with strong portfolio traction and early PMF. Fund II doubles down on this conviction,” said Shah. Kettleborough added that it focuses on “Dhandha-first” businesses, with interest across financial services, commerce infrastructure, and vertical SaaS/AI platforms. Shah has personally backed over 30 startups, with 10 exits and 80 follow-on rounds, including hits like Foxtale, Onebanc, and Homeville.

247VC launches Rs 200 Cr fund

EntrackrEntrackr · 1m ago
247VC launches Rs 200 Cr fund
Medial

Venture capital firm 247VC has rolled out its first investment fund focused on early-stage startups in India. The fund has a base size of Rs 200 crore, with the option to raise an additional Rs 50 crore. It is registered under SEBI’s Category II AIF rules. 247VC is led by Yagnesh Sanghrajka and Shashank Randev, both experienced startup investors who earlier co-founded 100X.VC. They left that firm in late 2024. 247VC plans to support around 30 companies over the next three years. The typical investment amount will be about Rs 7 crore per startup, starting from Rs 3-4 crore and increasing over time based on performance. The fund will target consumer-facing businesses, enterprise software, advanced manufacturing, and deep technology. Some of the fund’s early backers include JSW Ventures’ Sachin Tagra, former Elevation Capital partner Vivek Mathur, and AI expert Shailendra Majmundar from Johns Hopkins University. The team aims to complete the first close of the fund within four months. Sanghrajka said that while funding at the early stage is facing headwinds, larger investors entering seed rounds has opened doors for partnerships. The firm hopes to co-invest with bigger funds as part of its strategy. In the past, the founding team has backed startups like Knight Fintech, abCoffee, EMO Energy, and Zeron.

Wow! Momo raises Rs 85 Cr in debt from Stride Ventures

EntrackrEntrackr · 1m ago
Wow! Momo raises Rs 85 Cr in debt from Stride Ventures
Medial

Wow! Momo raises Rs 85 Cr in debt from Stride Ventures Quick-service restaurant chain Wow! Momo Foods has raised Rs 85 crore (around $10 million) in debt funding from Stride Ventures. The proceeds will be used to refinance existing loans and drive expansion across its QSR and FMCG verticals. Launched in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo operates over 700 outlets in 70 cities, and owns brands such as Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. “This support from Stride Ventures will help us scale new heights and introduce more formats to reach wider audiences,” said Sagar Daryani, Co-founder & CEO of Wow! Momo. The company plans to scale its FMCG business to Rs 100 crore, grow its HORECA division, and expand to 1,500 stores across 100 cities in the next three years. As per TheKredible, Wow! Momo’s revenue from operations grew to Rs 470 crore in FY24 from Rs 413 crore in FY23. It maintained steady losses at Rs 114 crore in FY24.

IVY Growth launches Rs 250 Cr Arigato Capital fund

EntrackrEntrackr · 1y ago
IVY Growth launches Rs 250 Cr Arigato Capital fund
Medial

Micro venture capital firm IVY Growth Associates has announced the launch of Arigato Capital, a SEBI-registered Category I AIF Venture Capital (VC) fund, with a target corpus of Rs 250 crore. This sector-agnostic fund is set to invest in startups across a variety of sectors, including agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS) companies, the fund said in a press release. Arigato Capital aims to begin raising capital in June 2024, with plans to close all commitments over the next 15 to 18 months. The Venture Capital (VC) fund targets a first close at Rs 100 crore and will focus on startups beyond the seed stage or in pre-series A stages, offering an average ticket size of $500,000. Founded by Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi, IVY Growth Associates claims to have invested in over 100 growth-stage startups. The firm has deployed Rs 20 crore from its fund and utilized more than Rs 80 crore from syndicate funds within its network. IVY’s portfolio includes notable brands such as Rupeek, BluSmart, and Zappfresh. In addition to launching Arigato Capital, IVY Growth Associates will host the third edition of its startup summit, 21 BY 72, from June 15 to June 16 in Surat. The summit is expected to attract over 20,000 participants, including more than 200 startup founders, 200 venture capitalists, and over 500 investors.

LC Nueva Investment Partners launches new fund with target corpus of Rs 150 Cr

EntrackrEntrackr · 9m ago
LC Nueva Investment Partners launches new fund with target corpus of Rs 150 Cr
Medial

LC Nueva Investment Partners has launched the LC Nueva Momentum Fund, aiming for a target corpus of Rs 150 crore (approximately $18 million) with an additional greenshoe option of Rs 100 crore (around $12 million). This follows the successful closure of its maiden fund at Rs 350 crore, which has reported that half of its portfolio companies secured further rounds of funding, achieving an impressive nearly 57% compounded annual growth rate (CAGR) in average revenues. The new fund will support 10-15 high-growth startups in Series A and B rounds, focusing on “winners” from its previous fund and secondary market opportunities. LC Nueva Investment Partners, a collaboration between Singapore’s Lighthouse Canton and Delhi NCR-based Nueva Capital, aims to invest in companies that have shown improved operating performance and are considered high-conviction investments. The Momentum Fund’s strategy emphasizes identifying high-potential investments to deliver exceptional returns by leveraging strong relationships from its previous fund and actively pursuing secondary opportunities. In the broader venture capital landscape, early-stage firm Capital A has launched its Fund II with a target of Rs 400 crore, while z21 Ventures recently achieved the first close of its $40 million Fund II at $20 million.

Trillion Dollar Ventures launches Rs 50 Cr Fund II

EntrackrEntrackr · 9m ago
Trillion Dollar Ventures launches Rs 50 Cr Fund II
Medial

Venture capital firm Trillion Dollar Ventures (TDV) has launched its second fund with a total corpus of Rs 50 crore, doubling its corpus size from the first fund. The new fund aims to support early-stage tech startups in India. TDV plans to back innovative founders and support companies in the pre-seed and seed stages with cheque sizes ranging from Rs 1-2 crore per startup. The fund’s goal is to collaborate with and nurture these companies. The VC firm will invest in business models such as platform plays, marketplaces, and exchange businesses across various consumer tech (B2C) categories, including spirituality tech, fintech, gaming, the creator economy, social media, and consumer upgrades. According to TDV, its investment strategy focuses on backing serial founders or those with deep domain expertise, with a strong preference for high-tech, low-operation businesses. The fund’s lifecycle is set between 5 to 7 years, with expectations to make 10-12 investments annually, starting capital deployment in Q3 FY25. TDV reports that its first fund provided exit opportunities within 2 years of investment, generating over 60% IRR. The firm has received strong commitments from limited partners (LPs) in India and countries like the US, UK, UAE, and Singapore, validating its early-stage investment model and high return potential. Its backers include top global unicorn founders, family offices, and CXOs across various industries. Launched in 2021 by Ujwal Sutaria, TDV is dedicated to investing in innovative founders and nurturing startups across sectors such as fintech, gaming, spirituality tech, and consumer tech, claiming to have backed more than 30 companies.

D2C Insider launches Super Angels Fund with Rs 25 Cr corpus

EntrackrEntrackr · 9m ago
D2C Insider launches Super Angels Fund with Rs 25 Cr corpus
Medial

D2C Insider, a D2C community with over 10,000 founders as members, has launched the Super Angels Fund—an operator fund tailored for the new-age consumer space. Recently, the firm launched the third cohort of its flagship Elevate Program. The program offers a structured 12-week hybrid boot camp, with guidance from over 25 industry leaders like Aditya Sharma (The Souled Store), Karthik Reddy (Blume Ventures), and Gaurav Khatri (Noise) among others, The fund is backed by over 50 D2C founders, including industry stalwarts like Aneesh Seth (Dr. Seth’s), Vedang Patel (Souled Store), Soumya Kant (Clovia), Kunal Bahl (Snapdeal), and Vivek Biyani (Broadway). With a corpus of Rs 25 crore, the Super Angels fund is set to empower innovative pre-seed/seed stage D2C startups by providing them with capital invaluable mentorship, and strategic guidance from experienced operators. The fund plans to deploy the corpus across 20-25 early-stage startups in the pre-seed/seed stages, with average cheque sizes of Rs 1 crore, by partnering and co-investing with other leading funds via its vast community networks. The D2C Insider Super Angels fund has already made a first close of Rs 10 crore and has executed nine investments in Basil, PiknDel, Samosa Party, Crest, Assembly, Futwork, The Solved Skin, Business On Bot and Snackibl

Warmup Ventures launches Rs 300 Cr founders-backed Fund II

EntrackrEntrackr · 7m ago
Warmup Ventures launches Rs 300 Cr founders-backed Fund II
Medial

Warmup Ventures has launched its second fund, Warmup Fund II, a SEBI-registered Category 2 AIF, with a corpus of Rs 300 crore. The fund will focus on transformative areas such as deep-tech, climate, and sustainability and plans to invest Rs 5–7 crore each in 25-30 early-stage startups across sectors, with a significant provision for follow-on rounds, Warmup Ventures said in a press release. Co-founded by Sharad Bansal, Rajendra Lora, and Yogesh Chaudhary, Warmup Ventures aims to bridge the gap between India's rich business heritage and its burgeoning innovation economy. By engaging family offices and second-generation entrepreneurs, the fund creates a unique platform that connects legacy businesses with future-forward startups. Warmup Ventures has backed over 15 startups. These include Bobabhai, scaling to more than 45 stores nationwide; Nitro Commerce, now hosting over 200 brands; Minimizes, a Li-ion battery recycling startup; RocketPay, a simplified payment collection app with over 5,000 merchants onboard; and Balwaan Krishi, which secured Rs 40 crore from JM Financial to advance agritech solutions for small and mid-size farmers. Warmup Ventures looks to go beyond funding by equipping early-stage founders with the knowledge and networks to make informed decisions and scale faster. The VC firm says that it harnesses the collaborative power of its network to create value for both portfolio startups and investors.

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