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

News on Medial

Related News

EV two-wheeler manufacturer BGauss raises Rs 161 Cr

EntrackrEntrackr · 7m ago
EV two-wheeler manufacturer BGauss raises Rs 161 Cr
Medial

EV two-wheeler manufacturer BGauss raises Rs 161 Cr Electric two-wheeler manufacturer BGauss has raised Rs 161 crore ($18.6 million) in funding from Bharat Value Fund (BVF). The round includes a mix of primary and secondary capital. Earlier in April 2022, BGaus had raised Rs 52 crore (around $6 million) from a group of investors led by Darshan Patel, founder of Vini Cosmetics Pvt. Ltd. The proceeds will be used to expand its presence in India and overseas. It also plans to allocate the funds toward capital expenditures, marketing efforts, and enhancing in-house research and development (R&D) for upcoming product launches. Founded in 2020 by Hemant Kabra, BGauss scooters integrate design with AI-enabled technology, providing comfort, low maintenance, power, fast charging, IoT integration, and convenience. The Pune-based startup currently claims to serve around 45,000 customers and plans to expand its dealership network from 120 to 500, with a target of establishing over 1,000 touchpoints across India. BGauss’s manufacturing capacity, currently at 100,000 units per year, is also set to scale as demand increases. BGauss plans to launch two new products this year. In June 2024, the company introduced the RUV 350 scooter, featuring a 3.5-kilowatt motor, 165 Nm peak torque, and a top speed of 75 km/h. For the fiscal year ending in March 2024, BGauss reported Rs 177 crore in revenue from operations against Rs 110 crore in FY23. During the period, its lossed also jumped nearly two-fold to Rs 49.65 crore. BVF, a Category II Alternative Investment Fund managed by Madhu Lunawat of Pantomath Capital Management, invests in growth-stage, profitable businesses like Haldiram Bhujiawala, Aniket Metals, and Millennium Babycares.

The Wealth Company invests Rs 460 Cr in Ahmedabad-based Amnex

EntrackrEntrackr · 11d ago
The Wealth Company invests Rs 460 Cr in Ahmedabad-based Amnex
Medial

Wealth Company Asset Management, the asset management arm of Pantomath Group, has invested Rs 460 crore (about $52 million) into Ahmedabad-based Amnex Infotechnologies through its Bharat Value Fund (BVF). This marks Amnex’s first growth capital round. The company aims to design connected systems that anticipate human needs and enable inclusive, resilient infrastructure. The fresh capital will help scale solutions across sectors. Founded in 2008 by Aditya Shah and Tapan Gosaliya, Amnex builds AI, IoT, GIS, and blockchain-driven technology solutions for mission-critical sectors. Its offerings span traffic, mobility, utilities, mining, logistics, agriculture, and smart cities. The company has developed over 18 proprietary platforms that combine open digital infrastructure with in-house technology for large-scale impact. Amnex claims to have grown rapidly, delivering a 75% CAGR over the past three years. It operates on an asset-light model with ROCE consistently above 40%. With a strong order book and deep penetration across industries, it has positioned itself as one of India’s fastest-growing players in digital infrastructure. The Wealth Company’s founder and MD, Madhu Lunawat, said India’s digital infrastructure investment touched Rs 1.19 lakh crore in 2024, boosted by initiatives like Digital India, India Stack, and the National AI Mission. She added that Amnex’s proven capabilities make it a strong bet in this expanding market. BVF has been an active investor, recently backing companies including Haldiram Bhujiawala and Prisma Global.

Wow! Momo raises Rs 130-150 Cr led by Haldiram’s Kamal Agrawal and Khazanah

EntrackrEntrackr · 4m ago
Wow! Momo raises Rs 130-150 Cr led by Haldiram’s Kamal Agrawal and Khazanah
Medial

Wow! Momo has reportedly raised Rs 130–150 crore in a bridge funding round led by Kamal Agrawal from the Haldiram promoter family and Malaysian fund Khazanah Nasional. Economic Times, which reported the development first, added that the funding is structured through convertible notes, with the valuation to be decided in the next round. According to the report, the Kolkata-based quick service restaurant chain is planning to raise $75–80 million (about Rs 600–700 crore) in its next funding round, expected to close in the October–December quarter of 2025. Wow! Momo has raised over Rs 600 crore to date including $42 million (Rs 350 crore) in its Series D led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. Other investors in the current round include family offices and high-net-worth individuals. Agrawal was earlier linked to the Nagpur unit of Haldiram, which later merged with its Delhi counterpart. Wow! Momo operates under four brands: Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. It runs 680 outlets and plans to add 200–250 more by next year. As per TheKredible, Wow! Momo’s revenue from operations grew to Rs 470 crore in the last fiscal year from Rs 413 crore in FY23. It maintained steady losses at Rs 114 crore in FY24. The company is also growing its FMCG business, with frozen momos generating Rs 5 crore in monthly sales, mainly through quick commerce platforms.

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