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Furnishka raises Rs 27 Cr in pre-Series A round led by IndiaQuotient
Entrackr
·
10m ago
Medial
Furnishka, a furniture retailer founded in 2023 by Ganesh Pawar, has successfully raised Rs 27 crore in a pre-Series A funding round led by IndiaQuotient, bringing its total funding to Rs 45 crore. The round also saw participation from Sparrow Capital and angel investors, including Udaan co-founder Sujeet Kumar and Ramakant Sharma. The new funds will be used to enhance product design and development, bolster manufacturing and supply chain capabilities, and expand to new locations. Furnishka aims to simplify India’s complex home furnishing market by addressing issues such as long delivery times, high costs, and inconsistent service quality. It offers a seamless shopping experience through both online and offline stores in Bengaluru, with over 1,000 SKUs and customizable designs at competitive prices. Market research indicates that the Indian furniture market is projected to grow from $24.47 billion in 2023 to $64.39 billion by 2032, with a CAGR of 11.35% from 2024 to 2032. Furnishka has focused on supply chain innovation, standardization, localization, and cost reduction to deliver premium furniture affordably. Within its first year, the company has served over 10,000 customers and operates four large-format stores in Bangalore, showcasing a wide array of products. Looking ahead, Furnishka plans to expand its product categories, particularly in premium living room, dining room, and bedroom collections, open six additional large-format stores, and create educational content to help customers make informed furnishing decisions. The company offers thousands of customization options to cater to diverse tastes and requirements.
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Furnishka Bags INR 27 Cr From IndiaQuotient, Others To Disrupt Furniture Space
Inc42
·
10m ago
Medial
- Furnishka, a Bengaluru-based startup, has raised INR 27 Cr ($3.25 Mn) in a Pre-Series A funding round led by IndiaQuotient. - This brings the total funding raised by Furnishka to INR 45 Cr ($5.42 Mn). - The funds will be used for product development, improving the supply chain, and expanding to new locations. - The Indian furniture market is expected to reach $29.86 Bn by 2029, presenting significant growth potential. - Major players in the market, such as Godrej Interio, IKEA, Pepperfry, and Urban Ladder, have also announced their plans for expansion.
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India Quotient backs furniture startup Furnishka; Ai Health Highway raises $1 mn
VCCircle
·
10m ago
Medial
- Furnishka, a furniture retailer based in Bengaluru, has raised Rs 27 crore ($3.2 million) in a pre-Series A funding round, led by India Quotient. - The funding will be used to improve product design, manufacturing, supply chain capabilities, and expand to new locations. - Furnishka aims to expand its product categories, open six large-format stores, and create educational content for customers. - Ai Health Highway, a healthtech startup, has secured $1 million in a pre-Series A funding round. - The funding will be used to strengthen its market position, speed up international regulatory approvals, and enhance AI/ML capabilities in the cardio-respiratory sector.
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Celcius Logistics raises Rs 40 Cr in pre-Series B round
Entrackr
·
1y ago
Medial
Celcius Logistics, a domestic aggregator providing end-to-end cold-chain solutions, has secured Rs 40 crore ($4.8 million) in a pre-series B round, led by existing investor IvyCap Ventures. Other investors include Mumbai Angels and Caret Capital. The current round follows the Series A funding round of Rs 100 crore ($12 million) in April 2023 led by IvyCap Ventures. The fresh proceeds will be used to expand its footprint across its transportation management system (TMS) and warehouse management system (WMS), further strengthening its cold storage solution. It also aims to expand its reach in over 500 cities in the next one year and help manufacturers sell their perishable products. Founded by Swarup Bose, Celcius Logistics connects shippers and transporters and is a one-stop solution for all cold chain requirements, ensuring last mile and hyperlocal deliveries. The platform has already transported over four lakh tons of perishable cargo for dairy, pharma, fruits, seafood as well as fresh agricultural produce. Its clients include Zomato, Spicejet, Reliance Pharma, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers, and Godrej Agrovet among others. Currently, the platform claims to have 4,000 vehicles, 107 cold storage facilities, 27 distribution centres, and 200 hyperlocal riders across the country.
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LoanTap raises Rs 74 Cr to expand MSME supply chain financing
YourStory
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1m ago
Medial
LoanTap, a digital lending platform, has raised Rs 74 crore in a pre-Series C round to enhance its supply chain financing for small retailers. The funding includes Rs 54 crore in equity led by July Ventures and Rs 20 crore in venture debt. LoanTap's supply chain financing division, LT Credit, has financed over 4.5 lakh invoices worth Rs 1,000 crore for more than 50,000 retailers in two years, aiming to fund one million invoices next year.
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Allo Health raises Rs 16 Cr in pre-Series A round
Entrackr
·
4m ago
Medial
Allo Health raises Rs 16 Cr in pre-Series A round Sexual health startup Allo Health has raised Rs 16 crore ($1.83 million) in its pre-Series A round led by Rainmatter along with existing investors. Prior to this round, Allo had raised $4.4 million in seed funding led by Nexus Venture Partners, with participation from founders and operators, including Binny Bansal (Flipkart), Deepinder Goyal (Zomato), Rohit MA (Cloudnine), and Sandeep Singhal (Nexus). The proceeds will be used to ramp up clinic densification, invest in deeper technology capabilities, and enhance patient engagement as Allo continues to scale. Founded by Pranay Jivrajka, Allo has built a hybrid ecosystem that combines physical clinics, AI-powered treatment protocols, and trained medical professionals. Allo’s proprietary doctor training programs, AI-powered clinical decision support, and research-backed treatment helps it manage effectively. Since its inception, Allo claims to have treated over 200,000 patients across India, achieving a 85% improvement in patient outcomes, with over 35 clinics across major cities, including Bangalore, Mumbai, Pune, Hyderabad, Chennai, Mysore, and Ranchi.
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Fleetx raises Rs 113 Cr in Series C led by IndiaMART and Beenext
Entrackr
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2m ago
Medial
Fleetx raises Rs 113 Cr in Series C led by IndiaMART and Beenext. Gurugram-based logistics SaaS startup Fleetx has raised Rs 113 crore ($13.2 million) in its Series C round led by existing investors IndiaMART Intermesh and BEENEXT’s Accelerate Fund. The round includes both primary and secondary transactions. Fleetx had raised $19.4 million in its Series B round led by IndiaMart with participation from IndiaQuotient and BEENEXT in February 2022. The fresh proceeds will be used to expand product capabilities and scale its go-to-market engine across mid-market and enterprise segments in India, Fleetx said in a press release. Founded in 2017 by Vineet Sharma, Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra, Fleetx operates at the intersection of AI and IoT, offering fleet management, fuel analytics, video telematics, transport ERP, and TMS solutions. The company plans to strengthen its product stack and profitability metrics to meet IPO-readiness targets within the next two years. It also aims to double its annual recurring revenue (ARR) while achieving profitability in the near term. “As we sit on the huge logistics data points, we’re in a unique position to leverage AI to tackle some of the most complex challenges in the sector. We will continue to invest aggressively in our product capabilities while building a durable, efficient business delivering measurable value to our customers,” said Vineet Sharma, CEO of Fleetx. Fleetx claims to have grown 4x since its last funding round in 2022. It claims to have crossed Rs 100 crore in ARR and currently serves over 2,000 clients, including more than 100 large enterprise accounts. Its customers span industries such as cement, FMCG, mining, transportation, and manufacturing. Notable clients include Ultratech Cement, Adani Group, Unilever, Godrej, Shree Cement, Maersk, and Panasonic. For the fiscal year ending March 2024, Fleetx recorded operating revenue of Rs 56.58 crore from Rs 41.63 crore in FY23. The company also reduced its losses by over 55% to Rs 24.21 crore in FY24.
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Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round
Entrackr
·
1y ago
Medial
Sportstech startup Stupa Sports Analytics has raised Rs 28 crore in its pre-Series A round led by Centre Court Capital and PeerCapital. Earlier to this pre-Series A round, Stupa had raised Rs 7.5 crore in seed and pre-seed funding. The proceeds will be used to fuel its talent acquisition, global expansion, and product enhancement initiatives. The latest fund pool will also be deployed to attract top AI/ML and engineering talent to build advanced solutions. The fund will also power Stupa’s ambitions to expand globally into markets like the US, UK, Australia, and the Middle East while expanding its existing presence in regions like Europe and Asia. Founded by Megha Gambhir, Stupa Sports Analytics offers a comprehensive suite of AI-driven solutions for advanced analytics of player performance data, broadcasting capabilities and sports digitization tools for athletes, sports federations, broadcasters and fan communities worldwide. Stupa claims to have established over 15 strategic partnerships with key governing bodies and sports federations, primarily in Europe.
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DrinkPrime raises $3 Mn from SIDBI Ventures
Entrackr
·
1y ago
Medial
DrinkPrime, a subscription-based reverse osmosis (RO) water supplying startup, has raised $3 million from SIDBI Venture Capital Ltd. (SVCL), an investment management company and a wholly owned subsidiary of SIDBI. The Bengaluru-based startup had raised Rs 60 crore ($7.5 million) in a mix of equity and debt round led by Omidyar Network India, others in July 2022. Prior to that, it raised around Rs 21 crore in its pre-series A round led by Peak XV’s Surge in August 2021. Founded in 2016 by Vijender Reddy and Manas Ranjan Hota, DrinkPrime works towards enabling access to clean drinking water with Internet-of-Things (IoT)-enabled customised water purifiers on subscription to users. DrinkPrime currently provides clean drinking water access to over 2 lakh families across seven cities in India. With further expansion plans, DrinkPrime is also gearing up for its Series B fundraise. According to startup data intelligence platform, TheKredible, DrinkPrime reported an operating revenue of Rs 28.94 crore with a loss of Rs 27 crore in FY23. In the subscription model, DrinkPrime competes with Livpure, Acquaguard and ZunPure.
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Recykal Raises INR 110 Cr From 360 ONE Asset
Inc42
·
1y ago
Medial
Hyderabad-based waste management startup Recykal has raised INR 110 crore ($13.2 million) in a pre-Series B funding round led by 360 ONE Asset Management. The investment will support Recykal in driving technology innovation and expanding its products and solutions. Recykal provides cloud-based services that enable transparent and traceable material flows in waste management. The funding round also delivered a multi-bagger exit to Recykal's early-stage investors. The company had previously raised $22 million in a round led by Morgan Stanley India in 2022.
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All Things Baby, Ikin Global, BitSave, DevX secure early-stage cheques
VCCircle
·
8m ago
Medial
Indian companies All Things Baby, Ikin Global, BitSave, and DevX have secured early-stage funding. All Things Baby, a platform for mother and baby products, raised Rs 30 crore ($3.6 million) in a Series A funding round led by Inoventures and Richa Choksi. Ikin Global, an IoT smart lock brand, raised $1 million in a pre-Series A round, led by Unicorn India Ventures and Callapina Capital. BitSave, a crypto investment platform, secured an undisclosed amount in a pre-Series A round, led by Leo Capital. DevX, specializing in headless commerce solutions, secured pre-seed funding led by Avinya Ventures.
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