News on Medial

Related News

GyanDhan elevates Aman Jain to co-founder role

EntrackrEntrackr · 16d ago
GyanDhan elevates Aman Jain to co-founder role
Medial

Education financing platform GyanDhan has elevated Aman Jain to the role of Co-founder. This move acknowledges Aman’s early belief in the company’s mission and his pivotal contributions across marketing, brand building, and strategic growth over the years. Aman now joins Ankit Mehra and Jainesh Sinha as the third co-founder of GyanDhan. Aman joined GyanDhan before the company disbursed its first education loan. He took charge of marketing and branding, helping establish it as a trusted and student-centric name in education financing, transforming an opaque process into a transparent and empowering experience for thousands of students. In recent years, Jain has expanded his role to lead strategic partnerships, building GyanDhan’s B2B ecosystem across more than 30 cities and launching a SaaS+ platform that helps study abroad consultants manage and streamline the loan process for their students. “Being named Co-founder is a deeply meaningful recognition of a journey I’ve been grateful to be part of since the very beginning. Building GyanDhan alongside Ankit and Jainesh has been both fulfilling and inspiring, grounded in trust, shared purpose, and genuine friendship. I’m thankful for their support over the years and look forward to continuing this mission together,” said Aman Jain, co-founder, GyanDhan. Recently, it raised Rs 50 crore (around $5.8 million) in a Series A round from Classplus and Pravega Ventures. The company claims to have enabled over Rs 7,000 crore in loan originations and aims to triple this to Rs 18,000 crore over the next three years. It has seen rapid growth over the past few years. In FY24, the company posted an operating revenue of Rs 21.4 crore along with a profit of Rs 1.36 crore.

Go Zero secures Rs 30 Cr in Series A round

EntrackrEntrackr · 3m ago
Go Zero secures Rs 30 Cr in Series A round
Medial

Snippets Go Zero secures Rs 30 Cr in Series A round Ice cream brand Go Zero has raised Rs 30 crore (around $3.4 million) in its Series A funding round from existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures Ice cream brand Go Zero has raised Rs 30 crore (around $3.4 million) in its Series A funding round from existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures. Subtle participation also came from notable investors Aman Gupta (through Shark Tank India) and Namita Thapar (outside the tank). With this round, Go Zero has raised a total of $6 million to date. Earlier in June 2024, Go Zero raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures. The proceeds will be used to fuel supply chain expansion, innovation in product offerings, and brand growth as Go Zero continues its expansion on quick-commerce platforms in tier I and tier II markets. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Since its inception in July 2022, Go Zero claims to have offer 100% sugar-free products with 50% fewer calories than traditional ice creams. The brand has achieved 5X revenue growth in its second year and 3X in the third. Despite January being the off-season for ice cream sales, Go Zero recorded its highest-ever sales in January 2025, crossing Rs 5 crore in revenue. With a strong presence across Mumbai, Delhi, Pune, Bangalore, and Hyderabad, Go Zero is also set to launch new guilt-free formats, including kulfi sticks and cassata. The firm currently operates two manufacturing units in Mumbai and Bangalore. Go Zero competes with Hangyo Ice Cream, Hocco, and NIC. In 2023, NIC raised $11 million in a funding round led by Jungle Ventures, while Hocco also secured $12 million from the Chona family and other investors. Meanwhile, Hangyo Ice Cream secured India's largest venture funding for an ice cream brand, raising $25 million from Faering Capital in August last year.

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