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Grapevine raises $4.1 Mn from Kae Capital, Peak XV, others

EntrackrEntrackr · 9h ago
Grapevine raises $4.1 Mn from Kae Capital, Peak XV, others
Medial

Grapevine raises $4.1 Mn from Kae Capital, Peak XV, others Anonymous social media platform Grapevine has raised $4.1 million in funding from Kae Capital, Peak XV Partners, and Ronnie Screwvala. Entrackr had exclusively reported the development in October last year. Prior to this round, Grapevine had raised $2.6 million in its seed round, led by Peak XV Partners. The proceeds will be used to scale both TAL and Round1. The funding was announced by co-founder Saumil Tripathi, alongside the launch of TAL, an AI-powered talent agent that scans job opportunities and recommends relevant roles to users. Founded by Tripathi, Jainam Talsania, and Shreeyash Dharmadhikari, Grapevine started as a networking platform for corporate and startup employees, enabling anonymous discussions around salaries, hiring, layoffs, and workplace culture. The company also operates Round1, an AI-based interview practice platform that allows users to simulate interviews and receive feedback. Grapevine competes with platforms such as Teamblind, Glassdoor, Fishbowl, Levels.fyi, and Reddit. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.

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Exclusive: Grapevine set to raise Series A led by Kae Capital

EntrackrEntrackr · 4m ago
Exclusive: Grapevine set to raise Series A led by Kae Capital
Medial

**Exclusive: Grapevine set to raise Series A led by Kae Capital** Anonymous social media platform Grapevine is set to raise Rs 33.86 crore (around $3.8 million) in its Series A round, led by Kae Capital, with participation from Peak XV Partners and Unilazer Ventures. According to the company’s latest regulatory filing with the Registrar of Companies (RoC), the board has approved a special resolution to issue 44,325 Series A preference shares at a price of Rs 7,599.5 per share, to raise the aforementioned amount. As per the filing, Kae Capital will invest Rs 18 crore, while Peak XV Partners and Unilazer Ventures will contribute Rs 7 crore and Rs 8.6 crore, respectively. The company plans to deploy the funds toward expansion and overall business growth. According to Entrackr’s estimates, the fresh funding will value the company at a post-money valuation of around Rs 150 crore ($17 million). Following this transaction, Peak XV Partners will command a 20.77% stake, while Kae Capital and Unilazer Ventures will own 11.97% and 5.69%, respectively. Meanwhile, Grapevine’s co-founders, Jainam Dinesh Talsania, Shreeyash Nitin Dharmadhikari, and Saumil Sanjai Tripathi, will collectively retain 48.78% ownership in the company. Prior to this round, Grapevine had raised $2.6 million in its seed round, led by Peak XV Partners, which had picked up a little over 20% stake at the time. Entrackr had exclusively reported that development as well. Founded in early 2023, Grapevine enables unrestricted and anonymous discussions across topics such as career, finance, professional experiences, and personal matters. The platform claims to have a thriving community of over 30,000 members, largely comprising professionals from tech companies and startups. The company competes to an extent with FishBowl, Blind, Together, and Reddit, all of which operate in the anonymous professional networking and discussion space.

Peak XV alumni to launch Ambition Capital targeting $250 Mn early-stage fund: Report

EntrackrEntrackr · 1d ago
Peak XV alumni to launch Ambition Capital targeting $250 Mn early-stage fund: Report
Medial

URL: https://entrackr.com/snippets/peak-xv-alumni-to-launch-ambition-capital-targeting-250-mn-early-stage-fund-report-11216418 Content: Former executives of Peak XV Partners are reportedly launching a new venture capital firm, Ambition Capital, which aims to raise $250 million for early-stage investments. The fund is being set up by Shailesh Lakhani and Harshjit Sethi, former managing directors at Peak XV, along with Mayank Porwal. Based in Bengaluru, Ambition Capital plans to invest in seed and Series A startups across sectors including AI, fintech, deeptech, and consumer technology. The firm expects to make around 26-30 investments from the fund, focusing on themes such as digital sovereignty and India-focused innovation.

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