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Holiday Tribe raises Rs 25 Cr in pre-Series A round

EntrackrEntrackr ยท 1m ago
Holiday Tribe raises Rs 25 Cr in pre-Series A round
Medial

Holiday Tribe, a travel-tech company specialising in leisure holidays, has raised Rs 25 crore (around $2.85 million) in its pre-Series A round led by existing investors Powerhouse Ventures and GSF, along with other angel investors. The funding includes both equity and debt. This comes after its seed round of Rs 5.4 crore in September 2024. Since then, the firm claims to have grown more than three times. The new funds will be used to expand its AI infrastructure, strengthen supplier networks, and improve its mobile and desktop platforms. It plans to enhance real-time personalisation, itinerary optimisation, and customer support. It will also grow its network of hotels and activities to offer travellers more customised options. Founded by Anshu Sharma and Chirag Goyal, Holiday Tribe has curated holidays to more than 30 global destinations. Its supply network covers over 100,000 hotels and 1 million activities worldwide. It has also partnered with tourism boards in countries like Abu Dhabi, Mauritius, Dubai, Switzerland, and Singapore. The startup aims to reach Rs 500 crore in annualised GMV within the next 18โ€“24 months. It focuses on delivering personalised, easy holiday experiences for Indian travellers.

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Holiday Tribe raises Rs 5.4 Cr from Powerhouse Ventures and GSF

EntrackrEntrackr ยท 11m ago
Holiday Tribe raises Rs 5.4 Cr from Powerhouse Ventures and GSF
Medial

Travel-tech startup Holiday Tribe has raised Rs 5.4 crore in its seed round led by Powerhouse Ventures and GSF with participation from notable investors including Dinesh Agarwal and Dinesh Gulati of India Mart, Murugavel Janakiraman of BharatMatrimony.com and actor Gaurav Kapur. The proceeds will be used to strengthen the brandโ€™s tech capabilities, supply network, and brand-building initiatives. Founded by ex-MakeMyTrip executives Anshu Sharma and Chirag Goyal in 2023, Holiday Tribe offers customizable holiday experiences across destinations, catering to family and friends, couples and honeymooners, adventure-seekers, and those looking to explore newer or unexplored destinations. The Gurugram-based startup claims to have a supply network of more than 100,000 hotels across the globe and partnering with more than 10 tourism boards including Mauritius, Dubai, Switzerland, Qatar, Thailand, Singapore, and Australia. The brand has curated holidays to more than 30 destinations across the world with endless options for customization. According to a FICCI-Nangia knowledge paper, Indiaโ€™s outbound tourism market is expected to reach $18.81 billion in 2024 and grow at a CAGR of 11.4% in the decade between 2024 and 2034 to reach approximately $55.38 billion. Likewise, Indiaโ€™s online travel market is expected to grow at a CAGR of 10.5% between 2024-29, from $17.24 billion to $28.40 billion.

ProcMart raises Rs 25 Cr in pre-Series B round

EntrackrEntrackr ยท 1y ago
ProcMart raises Rs 25 Cr in pre-Series B round
Medial

Business-to-business procurement marketplace ProcMart has raised Rs 25 crore ($3 million) in its pre-Series B round from Sixth Sense Ventures India. The board at ProcMart has issued 5,933 pre-series B CCPS at an issue price of Rs 42,127 each to raise Rs 25 crore, its regulatory filing soured from the RoC shows. Previously, the startup had raised $10 million in its Series A round led by Sixth Sense Ventures in November 2022. Following the fresh proceeds, Sixth Sense became the largest external stakeholder with 30% stake in ProcMart while its founder and chief executive officer Anish Popli will command 41.76% of the company. As per the startup data intelligence platform TheKredible, the latest capital injection has been done at a valuation, which is Rs 275 crore. Founded in 2015 by Anish Popli, the IndiaMART-backed startup provides supply chain solutions and infrastructure to businesses including services such as purchase order management, contract administration, master data management, e-catalogue management and market intelligence. ProcMartโ€™s clients include Colgate, Mondelez, Harman, and Vedanta. It has 13 offices in India and one in Malaysia. The company also launched white-label in 2022 to provide construction equipment. The Noida-based company recently announced a strategic collaboration with local vendors in the biomass briquettes and pellets manufacturing sector. It competes with Lightspeed Ventures-backed Udaan in the B2B supply chain space.

Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV

EntrackrEntrackr ยท 4m ago
Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV
Medial

Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV Craft alcoholic beverage startup Feline Spirits has raised Rs 5.2 crore in a pre-Series A funding round led by Inflection Point Ventures (IPV). The proceeds will be used to expand the companyโ€™s portfolio and enter new markets. Founded by Prabhat Sharma and Rohit Saxena, Feline Spirits focuses on handcrafted vodka, whisky, and brandy in the premium and mass-premium segments, using authentic ingredients and transparent distilling practices. Feline Spirits is currently operational across eight states and union territories, with a customer base of over 20 lakh. In FY25, the brand claims to sell more than 4.1 lakh bottles (19,751 cases), generating Rs 25 crore in sales revenue. It has secured operating licenses in eight markets, including five government-owned and operated ones. With a gross profit margin of 55% in the premium segment, the platform aims to bridge the gap between low-quality mass-market products and high-priced international brands by offering affordable, premium spirits. According to market research, Indiaโ€™s spirits market is projected to reach $31 billion in 2024, growing at a CAGR of 6.51% through 2028. Globally, the market is expected to grow from $1.4 trillion in 2022 to $2 trillion by 2027.

Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round

EntrackrEntrackr ยท 1y ago
Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round
Medial

Sportstech startup Stupa Sports Analytics has raised Rs 28 crore in its pre-Series A round led by Centre Court Capital and PeerCapital. Earlier to this pre-Series A round, Stupa had raised Rs 7.5 crore in seed and pre-seed funding. The proceeds will be used to fuel its talent acquisition, global expansion, and product enhancement initiatives. The latest fund pool will also be deployed to attract top AI/ML and engineering talent to build advanced solutions. The fund will also power Stupaโ€™s ambitions to expand globally into markets like the US, UK, Australia, and the Middle East while expanding its existing presence in regions like Europe and Asia. Founded by Megha Gambhir, Stupa Sports Analytics offers a comprehensive suite of AI-driven solutions for advanced analytics of player performance data, broadcasting capabilities and sports digitization tools for athletes, sports federations, broadcasters and fan communities worldwide. Stupa claims to have established over 15 strategic partnerships with key governing bodies and sports federations, primarily in Europe.

Allo Health raises Rs 16 Cr in pre-Series A round

EntrackrEntrackr ยท 6m ago
Allo Health raises Rs 16 Cr in pre-Series A round
Medial

Allo Health raises Rs 16 Cr in pre-Series A round Sexual health startup Allo Health has raised Rs 16 crore ($1.83 million) in its pre-Series A round led by Rainmatter along with existing investors. Prior to this round, Allo had raised $4.4 million in seed funding led by Nexus Venture Partners, with participation from founders and operators, including Binny Bansal (Flipkart), Deepinder Goyal (Zomato), Rohit MA (Cloudnine), and Sandeep Singhal (Nexus). The proceeds will be used to ramp up clinic densification, invest in deeper technology capabilities, and enhance patient engagement as Allo continues to scale. Founded by Pranay Jivrajka, Allo has built a hybrid ecosystem that combines physical clinics, AI-powered treatment protocols, and trained medical professionals. Alloโ€™s proprietary doctor training programs, AI-powered clinical decision support, and research-backed treatment helps it manage effectively. Since its inception, Allo claims to have treated over 200,000 patients across India, achieving a 85% improvement in patient outcomes, with over 35 clinics across major cities, including Bangalore, Mumbai, Pune, Hyderabad, Chennai, Mysore, and Ranchi.

Urban gardening firm Ugaoo raises Rs 47 Cr in Series A

EntrackrEntrackr ยท 10m ago
Urban gardening firm Ugaoo raises Rs 47 Cr in Series A
Medial

Houseplants and urban gardening brand Ugaoo has raised Rs 47 crore ($5.6 million) in its Series A funding round led by V3 Ventures, with participation from existing investors DSG Consumer Partners and RPG Ventures. The company previously raised $2 million in its pre-Series A round in November 2021. According to a press release, the proceeds will be used to expand Ugaooโ€™s regional presence across the top 10 Indian cities and establish 80 retail stores by FY30. The company also plans to broaden its product offerings by partnering with international plant suppliers and introducing a diverse selection of exotic plants and premium plant care products to the Indian market. Founded in 2015 by Siddhant Bhalinge, Ugaoo operates a 25-acre farm in Talegaon, on the outskirts of Pune, where greenhouses and horticulture specialists are used to cultivate all of its plants in-house. Ugaoo serves customers pan-India through both online and offline channels, including its website, app, and nine stores across Pune, Mumbai, and Bengaluru. Its products are also available on digital marketplaces like Amazon and Flipkart, as well as on quick commerce platforms such as Zepto, Swiggy, and Blinkit. The brandโ€™s target demographic is women aged 25-60 years, along with gardening and home dรฉcor enthusiasts in metropolitan and tier II and tier III cities. Ugaoo claims to have fulfilled over 1 million orders in the past three years and currently boasts an annual recurring revenue (ARR) of over Rs 100 crore. The company reported Rs 63 crore in revenue for FY24, marking a 100% growth from Rs 24 crore in FY23. It also claims to have been operationally profitable throughout the year. Ugaoo competes with other brands in the space, including Inflection Point Ventures-backed Urvann, Kyari, Nurserylive, GreenMyLife, and Grow Garden, among others.

Metalbook raises Rs 25 Cr debt from Northern Arc

EntrackrEntrackr ยท 1y ago
Metalbook raises Rs 25 Cr debt from Northern Arc
Medial

Full-stack metal supply-chain platform Metalbook has raised Rs 25 crore or (approximately $3 million) from Northern Arc. This is the first debt financing for the Delhi-based company. In February 2024, it raised $15 million led by Rigel Capital in Series A round. Metalbookโ€™s board passed a special resolution to issue 250 non-convertible debentures at a face value of Rs 10,00,000 each to raise the above-mentioned sum, its regulatory filing sourced from Registrar of companies (RoC) shows. Founded in 2021, Metalbook is a full stack platform which helps businesses including SMEs with procurement, inventory liquidation, logistics, and credit among others. It claims to work with over 500 manufacturers, dealers and suppliers such as ArcelorMittal Nippon Steel, Tata Steel and JSW across 16 countries. In August last year, Axilor had led a $5 million seed round in Metalbook. The Delhi-based company is yet to disclose FY23 numbers but its revenue from operations stood at Rs 85.39 crore in FY22. Its losses also increased to Rs 25.90 crore in the same period. At the time of its Series A round in February, Metalbook said that itโ€™s anticipating to achieve an annualized revenue run rate of $200 million by the end of FY24.

Exclusive: Finnable to raise Rs 250 Cr in new round

EntrackrEntrackr ยท 2d ago
Exclusive: Finnable to raise Rs 250 Cr in new round
Medial

Exclusive: Finnable to raise Rs 250 Cr in new round Digital lending platform Finnable is set to raise Rs 250 crore (approximately $29 million) in its pre-series C round from Matrix Partners, TVS Capital, and India Nippon Electricals Limited. The company has passed a board resolution and allotted 3,35,238 Pre-Series C preference shares at an issue price of Rs 3,788.35 each and secured Rs 127 crore or $14.7 million. During the first tranche of the pre-series C round of Rs 127 crore, Matrix Partners has injected Rs 125 crore, while India Nippon pumped in Rs 2 crore. The remaining funds are expected to be infused shortly, completing the round. The development comes six months after Ranjan Paiโ€™s family office invested Rs 40 crore in the company. According to Entrackrโ€™s estimates, the company would be valued at Rs 1,300 crore or $150 million post-money. Before this round, MEMG Family Office LLP held 18.69% in Finnable, while Matrix Partners India and TVS Shriram Growth owned 14.53% and 8.05%, respectively. Co-founder and CEO Nitin Gupta retained over 24%. The cap table is set to shift with the fresh infusion from Matrix and TVS, alongside dilution of the foundersโ€™ stake. Founded in 2016 by ex-bankers Nitin Gupta, Amit Arora, and Viraj Tyagi, Finnable is a Bengaluru-based fintech startup offering personal loans to salaried professionals. The company is at the AUM of Rs 3,000 crore and has served over 2.7 lakhs customers. Finnable has yet to file its FY25 numbers. In FY24, the company posted a revenue of Rs 181.7 crore with losses of Rs 5.88 crore.

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