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Finsall raises Rs 15 Cr led by Unicorn India Ventures and Seafund

EntrackrEntrackr · 1y ago
Finsall raises Rs 15 Cr led by Unicorn India Ventures and Seafund
Medial

Insurance-first BNPL startup Finsall has raised Rs 15 crore ($1.8 million) in a bridge round led by Unicorn India Ventures and Seafund with additional involvement from other institutional investors. In January 2022, Unicorn India Ventures and Seafund had led Rs 12 crore ($1.45 million) pre Series A round in Finsall. The proceeds will be used for setting up an NBFC to scale lending operations and deliver more value to its customers in insurance premium financing, the company said in a press release. Finsall has launched credit as a service (CaaS) platform, which is a plug and play model designed to help its customers benefit by simply choosing the insurance products they need to offer credit for without the complexity of building separate credit or lending software systems. Finsall claims to have seen a 9X revenue growth over the last two years. The firm is serving customers across 8,000 locations in India and has seen major growth in the non-life insurance segments. In FY24, Finsall grew at an average M-O-M growth rate of 18% in insurance premiums. As per the company, it is on track to achieve a 4X increase in revenue for the fiscal year 2025.

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StampMyVisa raises Rs 4 Cr in bridge round led by Unicorn India Ventures

EntrackrEntrackr · 3d ago
StampMyVisa raises Rs 4 Cr in bridge round led by Unicorn India Ventures
Medial

Snippets StampMyVisa raises Rs 4 Cr in bridge round led by Unicorn India Ventures B2B visa processing platform StampMyVisa (SMV) has raised Rs 4 crore in a bridge round led by existing investor Unicorn India Ventures (UIV). The fresh capital will be used for growth, marketing and to support the company’s recent acquisition of Kunal Shah backed Teleport, which expands its operations in South India. Unicorn India Ventures had earlier invested Rs 6.6 crore in StampMyVisa during its seed round last year. The company aims to use this bridge round to achieve key milestones before raising a larger Series A round in the next financial year. StampMyVisa said it has achieved 4 times growth in revenue while maintaining a 99.5% visa success rate, processing more than 75,000 visas in the past six months. Its proprietary AI engine Nucleus automates and validates visa documentation for over 80 countries. The company recently introduced new products including SMV Insure, which refunds the booking value if a visa is rejected, and SMV Global, an eSIM service offering international connectivity at lower cost than regular roaming. It plans to expand into GCC markets and build fintech infrastructure with embedded credit and payment solutions for small and medium businesses. The platform targets to process 80% of visa applications within five minutes, compared to the current industry average of two days. In August 2025, StampMyVisa acquired travel tech startup Teleport, a consumer facing player backed by founders including Kunal Shah, Vidit Aatrey and Phanindra Sama. It competes with Atlys, Visa2Fly and StampThePassport.

ELIVAAS raises Rs 87 Cr in Series B round led by Vertex Ventures

EntrackrEntrackr · 2m ago
ELIVAAS raises Rs 87 Cr in Series B round led by Vertex Ventures
Medial

ELIVAAS raises Rs 87 Cr in Series B round led by Vertex Ventures Luxury vacation rental platform ELIVAAS has raised Rs 87 crore (approximately $10 million) in Series B funding led by Vertex Ventures Southeast Asia & India, with participation from existing investors Peak XV Partners’ Surge and 3one4 Capital. Entrackr had exclusively reported the development in April this year. In April 2024, the company raised $5 million in Series A funding led by 3one4 Capital, with participation from Peak XV Partners’ Surge and angel investors. The fresh proceeds will be used to expand its presence in India, prepare for entry into global markets, and invest in technology to scale operations. Sources indicate the company may have crossed Rs 500 crore in valuation. Founded in 2023 by Ritwik Khare and Karan Miglani, ELIVAAS manages luxury villas and apartments for short-term rentals. The platform serves both homeowners, by monetising and maintaining their properties, and travellers, by providing access to premium vacation accommodations. The company currently operates in 30 destinations across India and reported five-fold year-on-year revenue growth in FY25. While ELIVAAS has yet to disclose its FY25 numbers, the company recorded a revenue of Rs 7 crore and a loss of Rs 10.4 crore for the fiscal year ended March 2024, according to startup data intelligence platform TheKredible. Vertex Ventures Southeast Asia & India is an early-stage venture capital firm that partners with startups across Southeast Asia and India. It has invested in companies including Grab, FirstCry, Nium, Licious, Kuku FM, and PatSnap, supporting their growth across multiple sectors.

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures

EntrackrEntrackr · 4m ago
Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures
Medial

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures Defence-tech startup Armory has raised Rs 13 crore (around $1.5 million) in a funding round led by GrowX Ventures, with participation from Industrial 47, Antler, AC Ventures, Dexter Ventures, and several angel investors. The proceeds will be used to boost R&D, expand manufacturing, and speed up deployment. Founded in 2024 by Amardeep Singh, Armory develops indigenous counter-drone systems (C-UAS) capable of detecting, tracking, and neutralising rogue drones. Its flagship system, SURGE, has undergone field trials with multiple Indian Army units. The company’s technology is powered by Samaritan OS, an AI-led defence operating system offering real-time adaptability and continuous learning — features missing in traditional systems.

Binny Bansal-backed SuperK raises Rs. 31 Cr ($3.7M)

EntrackrEntrackr · 1y ago
Binny Bansal-backed SuperK raises Rs. 31 Cr ($3.7M)
Medial

Tech-enabled grocery retail chain SuperK has raised Rs 31 crore approximately ($3.7 million) in its Series A round led by Catalyst Trusteeship Limited (Blume Venture). This marks the first fundraise for the Hyderabad-based company in 2024. The board at SuperK has passed a special resolution to issue 4,521 Series A CCPS at an issue price of Rs 68,569 each to raise Rs 31 crore, its regulatory filing sourced from the Registrar of Companies show. Catalyst Trusteeship (Blume Venture) spearheaded the round with Rs 21.65 crore while VSS Investment Fund, Veltis Capital, Stargazer Fund, CoralBay Ventures, Silver Needle VenturesHOF Profectus, IA Growth Opportunities, and Abhishek Goyal collectively poured the rest of the amount. The company will use these investments to meet its growth and expansion objectives and to strengthen its financial position, the filing further added. Following the fresh proceeds, Blume Ventures holds 10.1% while Silver Needle Ventures and Veltis Capital will command 1.26% and 1.06% of the company. See TheKredible for the complete shareholding pattern. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 198 crore or $24 million (post-money). This marks a 25% down in its valuation when compared to its last fundraising. The company has raised around $15 million to date including its $5.5 million led by Binny Bansal-backed 021 capital in March 2022. Founded in 2019, SuperK operates a grocery retail chain with an asset-light franchise model. The company claims to have more than 100 stores across Kadapa and Anantapur. SuperK showcased strong financial performance in the last fiscal year as its revenue surged 3X to Rs 59 crore in FY23 from Rs 19.2 crore in FY22. Meanwhile, the firm’s losses stood at Rs 23.5 crore in the same period.

CENTA raises Rs 20 Cr in Series A1 round led by Colossa Ventures

EntrackrEntrackr · 6m ago
CENTA raises Rs 20 Cr in Series A1 round led by Colossa Ventures
Medial

CENTA raises Rs 20 Cr in Series A1 round led by Colossa Ventures Centre for Teacher Accreditation (CENTA) has raised Rs 20 crore ($2.33 million) in its Series A1 round led by Colossa Ventures, with participation from existing investor Discovery Assets and angel investors. The proceeds will be used to grow in India and other markets and to improve its technology systems. Started by Ramya Venkataraman and Priyanka Arya, CENTA provides teacher certification, upskilling, and teacher-as-a-service (TAAS), connecting teachers with full-time and part-time jobs. The platform claims to have 1.7 million teachers from over 100 countries and 100,000 schools. While India is its largest market, CENTA also has users in the UAE, Nigeria, the Philippines, Bangladesh, and Ghana. It is forming ties in the UK and US. CENTA runs the International Teaching Professional’s Olympiad and has received awards from Dun & Bradstreet, NITI Aayog, UNESCO, and others.

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