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

News on Medial

goSTOPS bags Rs 35 Cr in Series A round led by Blume Ventures

EntrackrEntrackr · 9m ago
goSTOPS bags Rs 35 Cr in Series A round led by Blume Ventures
Medial

goSTOPS bags Rs 35 Cr in Series A round led by Blume Ventures Youth travel hostel brand goSTOPS has raised Rs 35 crore ($4.2 million) in its Series A round led by Blume Ventures and co-led by 1Crowd. Mumbai Angels, Chennai Angels, Indian Angel Network, Lead Angels, and Yuj Ventures also participated in the round. Earlier in December 2021, goSTOPS had raised $1 million in a bridge round funded by existing investors including The Chennai Angels, Mumbai Angels, and Yuj Ventures. The proceeds will be used to strengthen operations, enhance technology, and elevate the social and experiential aspects of its existing properties. The company is also finalising debt partnerships to expand its war chest for the brand's expansion. Founded by Pallavi Agarwal and Pankaj Parwanda, goSTOPS offers vibrant, social, and design-led spaces for the new generation. The Delhi-based firm plans to expand its capacity from 2,500 to 10,000 beds across 100 locations in the next 24 months, achieving 4X growth. According to market research, 70% of young travellers now prefer hostels over traditional hotels, underscoring the growing demand for the category. goSTOPS competes with The Hosteller, Wudstay, and Backpackers Panda, among others.

Related News

Exclusive: Wify bags $2 million in pre-Series A round

EntrackrEntrackr · 1y ago
Exclusive: Wify bags $2 million in pre-Series A round
Medial

Construction and home improvement platform Wify has raised Rs 17.5 crore or $2.1 million in its pre-series A round led by Capria Ventures. This is the first round of investment for the Mumbai-based company this year. The board at Wify has passed a special resolution to issue 30,455 pre-series A CCPS at an issue price of Rs 5,747 each to raise Rs 17.5 crore, its regulatory filing accessed from RoC shows. Capria Ventures has poured Rs 8 crore while Duo Design and Optimistic Trading company pumped in Rs 3 crore and RS 1.5 crore, respectively. Existing investors Blume Ventures and Singularity Growth also participated with Rs 2 crore and Rs 3 crore each in the Pre Series A round.. Wify has secured $2 million in its last seed round in July 2022. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 128 crore (post-money) in its maiden financing round.. Founded in 2019 by Vikram Sharm and Deepanshu Goel, Wify is in the business of on-site installation and post-purchase services to businesses and brands. The four-year-old firm registered over two-fold year-on-year growth and posted Rs 24.47 crore revenue in FY23. Meanwhile, the losses for Wify stood at Rs 5.65 crore in the same period.

Exclusive: Bluecopa kicks off Series A with a 2.3X valuation surge

EntrackrEntrackr · 17d ago
Exclusive: Bluecopa kicks off Series A with a 2.3X valuation surge
Medial

url: https://entrackr.com/exclusive/exclusive-bluecopa-kicks-off-series-a-with-a-23x-valuation-surge-10788821. Content: FinOps automation platform Bluecopa to begin its Series A round with a Rs 64.7 crore (around $7.35 million) fundraise led by Valorshield Pte Ltd (Analog), with participation from existing investors Blume Ventures and Dallas Venture Capital. This investment follows the company’s $1.8 million pre-Series A round secured in September last year. The Bluecopa’s board has issued 4,562 Series A compulsory convertible preference shares at an issue price of Rs 1,41,849.13 per share to raise the above-mentioned amount, according to its filing with the Registrar of Companies (RoC). Valorshield Pte Ltd led (Analog) the round with Rs 38.8 crore ($4.4 million) investment, while the existing investors Blume Ventures and Dallas Venture Capital participated with Rs 12.93 crore each. According to Entrackr’s analysis, Bluecopa’s valuation surged 2.3X to Rs 306 crore or approximately $35 million post money, compared to Rs 133 crore valuation in its previous $1.8 million round. Co-founded in 2021 by Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu, Bluecopa uses AI and data analytics to help CFOs automate and optimize financial operations. Its cloud-native platform offers a unified system for modern finance teams, enabling autonomous processes that streamline workflows and improve overall efficiency. According to startup data intelligence platform TheKredible, the Hyderabad-based company has raised around over $11 million to date including its seed round of $2.3 million raised in August 2022. Financially, for the fiscal year ended March 2024, the Blume-backed company reported operating revenue of just Rs 5.2 lakh and non-operating income of Rs 27.38 lakh. It posted a net loss of Rs 7.2 crore during the period. The company has yet to disclose its FY25 financials.

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.

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

EntrackrEntrackr · 7m ago
Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures
Medial

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact. Shashank Pathak 05 May 2025 11:12 IST Follow Us New Update Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact, Supermorpheus, and returning investor Cocoon Capital have also participated. The total funding raised by the Bengaluru-based startup now stands at $4.02 million. The proceeds will be used to scale up manufacturing and expand its team. Founded in 2019 by Animesh Kumar Jha, Volt14 focuses on developing silicon-based anode materials for lithium-ion batteries. It has also developed an in-house cylindrical battery cell format demonstrating energy density enabled by its silicon anode. Volt14 claims that its technology increases silicon content in anodes while maintaining performance levels and is currently being evaluated by multiple battery cell manufacturers. According to market research, the lithium-ion battery sector is projected to exceed $300 billion by 2034, driven by electric vehicle adoption and energy storage expansion. Blume Ventures, the lead investor in this round, is also one of the early backers of Battery Smart, which is the most funded startup in the space.

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