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Grapevine: Gaja Capital, Lightspeed, SolarSquare, Omnivore VC, and Farmley in news
VCCircle
ยท
8m ago
Medial
Gaja Capital is planning for a public listing, while Lightspeed Venture Partners and Omnivore VC are in talks for investments in a renewables company and a dry fruit brand, respectively. SolarSquare is likely to receive funding from Lightspeed, while Omnivore VC is considering an investment in Farmley.
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Lightspeed-backed SolarSquare nearly doubles revenue in FY25, trims losses
VCCircle
ยท
3m ago
Medial
SolarSquare, a rooftop solar panel provider backed by investors like Lightspeed Venture Partners and Elevation Capital, nearly doubled its revenue in the financial year ending March 2025. The Mumbai-based company also managed to reduce its losses, according to a top executive. SolarSquare is supported by several other prominent investors such as Lightrock, Lowercarbon, Rainmatter, and Gruhas Proptech. This growth reflects increased investment and a strong market presence in the renewable energy sector.
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Cleantech startup SolarSquare raises $40 million in round led by Lightspeed
Economic Times
ยท
8m ago
Medial
Cleantech startup SolarSquare has raised $40 million in a funding round led by Lightspeed. The Mumbai-based company plans to use the funds to expand its operations in 50 Indian cities, enhance technology, hire talent and invest in brand-building. SolarSquare is a B2C residential solar brand that designs, installs, and offers maintenance. The company helps customers obtain government permits for solar installation and facilitates financing through third-party financiers. SolarSquare aims to tap into India's untapped potential for residential solar power.
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Farmley raises $40 Mn in Series C round led by L Catterton
Entrackr
ยท
2m ago
Medial
Farmley raises $40 Mn in Series C round led by L Catterton Farmley, a Noida-based healthy snacking brand, has raised $40 million in its Series C funding round led by global consumer-focused investment firm L Catterton, with participation from existing investor DSG Consumer Partners. The proceeds will be used for capital expenditure, expanding distribution channels across India, enhancing exports, and investing in product formulations and technologies, Farmley said in a press release. According to an ET report, the funding includes 30% secondary sales by early-stage investors, including Insitor and Samunnati, along with employee stock ownership plans (ESOPs). Founded in 2017 by Akash Sharma and Abhishek Agarwal, Farmley offers snacks such as makhana-based munchies, date bites, seeds, trail mixes, and roasted nuts. The firm sources directly from over 5,000 farmers across multiple regions and operates five processing units. According to TheKredible, Farmley recorded a revenue of Rs 230.66 crore in FY24 while posting a net loss of Rs 26.5 crore. While the company has yet to file its audited financial report for FY25, it claims to have clocked Rs 370 crore in revenue for the last fiscal year. Since its inception, Farmley has raised around $55 million, which includes a $2 million seed round in 2020 from Omnivore and Insitor, a $6 million Series A round in August 2022 led by DSG Consumer Partners and Alkemi Growth Capital, and a $6.7 million pre-Series B round in December 2023 led by the BC Jindal Group. Farmley is currently piloting its products in international markets, including the United States, Australia, Canada, and Singapore, as part of its global expansion strategy. It competes with other healthy snacking brands such as Happilo, which raised $25 million from Motilal Oswal Private Equity in 2022, and True Elements, in which Marico acquired a 53.98% stake in the same year.
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Proparco Make VC Fund Investment In India With Omnivore
Inc42
ยท
11m ago
Medial
Proparco, the French development finance institution, has invested $5 million in the agritech and climate sustainability fund by Omnivore. This marks Proparco's first venture capital fund commitment in India. The investment aims to promote private sector development in emerging economies, focusing on agritech and climate sustainability. The partnership between Proparco and Omnivore is expected to support entrepreneurs in enhancing agriculture, rural economies, and climate solutions in India and Southeast Asia.
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Grapevine: Oyo, Lightspeed, Peak XV, Excitel Broadband in news
VCCircle
ยท
6m ago
Medial
Some early investors in hospitality startup Oyo are reportedly in discussions with family offices to sell part of their stakes. Meanwhile, potential investors, including private equity firms, are considering investing in Excitel Broadband. The news highlights ongoing investment negotiations involving notable companies like Oyo and Excitel, showing a dynamic interest in the hospitality and broadband sectors. Among those involved, Lightspeed Venture Partners is mentioned as being in talks regarding Oyo's stake sales.
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Agritech-focused VC firm Omnivore expands team with multiple strategic hires
IndianStartupNews
ยท
1y ago
Medial
Agritech venture capital firm Omnivore has made four senior-level appointments. Arindom Datta, the former Executive Director of Rural and Development Banking/Advisory at Rabobank, has joined as a Senior Advisor. Aaushi Sharma and Michelle Nazareth have been hired as Senior Associate and Associate respectively. Soumee Saha has been appointed as the in-house Legal Manager. Additionally, Abhilash Sethi has been promoted to Investment Director. Omnivore recently announced the first close of its third fund, securing $150 million in investments.
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SolarSquare has emerged as India's most trusted home solar brand: Taneja
Inshorts
ยท
7m ago
Medial
After SolarSquare raised $40 million in its Series B funding round, Lightspeed Venture Partners' Rahul Taneja said the solar installation startup has emerged as the "most trusted residential solar brand in India". "We love...passion with which co-founders have built the brand, product and full stack experience," Taneja added. Notably, Taneja's firm led the startup's funding round.
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Gaja Capital, Lok Capital back former HDFC execโs firm to buy mortgage lender
VCCircle
ยท
9m ago
Medial
Private equity firm Gaja Capital and impact investor Lok Capital are supporting a company founded by a former HDFC executive to purchase a housing finance company. Gaja Capital recently closed its fourth fund and raised an additional co-investment vehicle. The investment aims to leverage the expertise of the former HDFC executive and capitalize on opportunities in the housing finance sector.
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Gaja Capital looks to shrug off a legacy bet with barely anything to show
VCCircle
ยท
8m ago
Medial
Private equity firm Gaja Capital is looking to move on from a legacy investment that has not shown significant returns. The firm recently closed its fourth fund with support from limited partners, and is now selling off the underperforming asset. Gaja Capital had previously invested in Amber at the start of the year.
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SolarSquare Nets $4.2 Mn To Scale Up Its Solar Tech Portfolio
Inc42
ยท
1y ago
Medial
Indian solar solutions startup SolarSquare has secured $4.2 million in fresh funding from investors including Zerodha Technology, Gruhas Proptech, Lowercarbon Capital, and Good Capital. The funds will be used for expansion, working capital, and general corporate purposes. The startup offers full-stack solutions for designing, installing, and financing rooftop solar systems. Despite an increase in net losses from INR 8 crore to INR 30 crore, SolarSquare saw its revenue surge from INR 81 crore to INR 107 crore in FY23. The company has now raised a total of $16.05 million in funding.
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