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Holiday Tribe raises Rs 5.4 Cr from Powerhouse Ventures and GSF

EntrackrEntrackr · 1y 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 brand’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, India’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, India’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.

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

EntrackrEntrackr · 4m 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 18–24 months. It focuses on delivering personalised, easy holiday experiences for Indian travellers.

Tribe Stays raises $2.8 Mn led by Artha Venture and Riverwalk

EntrackrEntrackr · 1m ago
Tribe Stays raises $2.8 Mn led by Artha Venture and Riverwalk
Medial

Snippets Tribe Stays raises $2.8 Mn led by Artha Venture and Riverwalk Hospitality brand Tribe Stays has raised $2.8 million (Rs 24 crore) in a seed round co-led by Artha Venture Fund and Riverwalk Holdings. Kunal Khanna, Krishna Jain, and several HNIs and family offices also participated. The proceeds will be used to expand its portfolio across its three sub-brands: Tribe Student Accommodation, Tribe Commune, and Tribe Suites. Tribe Stays operates 650 beds in Pune and plans to add 1,000 more this financial year. The firm aims to scale to 25,000 beds across tier I and tier II cities including Hyderabad, Bengaluru, Mumbai, Gurugram, and Pune. Founded by Yogesh Mehra, Tribe Stays operates premium long-stay accommodation under three sub-brands: Tribe Student Accommodation, Tribe Commune, and Tribe Suites. The company provides managed living spaces for students, professionals, corporates, and executive guests across major Indian cities. Tribe plans to partner with universities and companies that require managed accommodation for relocation and long-stay needs.

ProcureYard raises $1.72 Mn in seed round

EntrackrEntrackr · 11m ago
ProcureYard raises $1.72 Mn in seed round
Medial

ProcureYard, a B2B commerce platform for raw materials, has raised a seed round of $1.72 million led by Powerhouse Ventures. The round also saw participation from Java Capital, 2am VC, and well-known angels Abhishek Goyal, Co-founder of Tracxn, and Rajesh Sawhney, Founder of GSF. The proceeds will be used for product development and working capital management. ProcureYard plans to use its custom-built conversational AI platform in metals and replicate it to other raw materials. The company aims to increase its market presence with its supply chain solutions. Founded in 2023 by Anshu Kandhari, Pankaj Bisht, Somdutt Parashar, and Tushar Agarwal, ProcureYard offers a suite of solutions, including procurement and sale of construction raw materials, excess inventory liquidation, customization services, logistics management, financing options, and vertical AI solutions for supply chain optimization and customer relationship management. Operating across 20 states, ProcureYard claims to have built a network of over 200 suppliers serving more than 200 SMEs in India. The company also claims to have reached an important milestone of Rs 300 crore in ARR (annualized revenue run rate) and has turned profitable while growing 6X. The company aims to touch an ARR of Rs 3,000 crore in the next 12–18 months. The firm has also launched a multi-lingual voice agent that understands customer inquiries and matches them with the right set of suppliers.

Experience-tech startup Alive raises Rs 6 Cr from Powerhouse Ventures

EntrackrEntrackr · 1m ago
Experience-tech startup Alive raises Rs 6 Cr from Powerhouse Ventures
Medial

Experience-tech startup Alive has raised Rs 6 crore in funding from Powerhouse Ventures and a group of angel investors and operators. The proceeds will be used to expand across Indian cities, strengthen its technology, and grow its ecosystem of experience creators. Founded in 2025 by Vivek Kumar, a former investor and serial entrepreneur, Alive claims to have grown 90x in less than a year, offering over 125 curated experiences across adventure, food, art, wellness, and culture. Alive is building a full-stack experience platform, using proprietary technology to design, manage, and scale immersive activities. It creates original experiences from vineyard brunches and pottery workshops to chef-led dinners and sky adventures, and operates a tech engine that supports creator onboarding, content management, and discovery automation. The platform also enables chefs, artists, and small businesses to become experienced creators, with some earning up to Rs 5 lakh per month. Alive’s user base mainly comprises young professionals aged 21–38 seeking authentic and engaging activities, mirroring the growing demand for “things to do” across Indian cities. The firm aims to achieve Rs 100 crore ARR by March 2027 and is currently live in Bengaluru and Hyderabad, with Goa set to launch next.

Wow! Momo raises Rs 85 Cr in debt from Stride Ventures

EntrackrEntrackr · 6m ago
Wow! Momo raises Rs 85 Cr in debt from Stride Ventures
Medial

Wow! Momo raises Rs 85 Cr in debt from Stride Ventures Quick-service restaurant chain Wow! Momo Foods has raised Rs 85 crore (around $10 million) in debt funding from Stride Ventures. The proceeds will be used to refinance existing loans and drive expansion across its QSR and FMCG verticals. Launched in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo operates over 700 outlets in 70 cities, and owns brands such as Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. “This support from Stride Ventures will help us scale new heights and introduce more formats to reach wider audiences,” said Sagar Daryani, Co-founder & CEO of Wow! Momo. The company plans to scale its FMCG business to Rs 100 crore, grow its HORECA division, and expand to 1,500 stores across 100 cities in the next three years. As per TheKredible, Wow! Momo’s revenue from operations grew to Rs 470 crore in FY24 from Rs 413 crore in FY23. It maintained steady losses at Rs 114 crore in FY24.

Argos Watches raises Rs 6.5 Cr in Angel round

EntrackrEntrackr · 8m ago
Argos Watches raises Rs 6.5 Cr in Angel round
Medial

Argos Watches raises Rs 6.5 Cr in Angel round Indian luxury watch brand Argos Watches has raised Rs 6.5 crore (around $780K) in an angel funding round, valuing the company at Rs 45 crore ($5.4 million) from a group of high-net-worth Indian investors. The proceeds will be used to create new products, build brand awareness, and grow online. Argos aims to double its revenue this year. Founded by Mr. M. Shahiwala, Argos brand offers high-quality, vintage-style automatic and hand-wound watches at affordable prices. It sells its watches only through its website, using a direct-to-consumer model to offer an easy buying experience. Its watches cost between Rs 8,000 and Rs 20,000. Its Apollo series and flagship Olympus watch, a mechanical watch with a power reserve indicator, have gained popularity among Indian watch enthusiasts. As of 2025, Argos remains bootstrapped, with an estimated revenue of around $580,000 annually. The brand plans to launch more models with advanced features while continuing to build its brand through community engagement and digital presence.

Exclusive: Waterfield Advisors raises Rs 123 Cr at Rs 723 Cr valuation

EntrackrEntrackr · 10m ago
Exclusive: Waterfield Advisors raises Rs 123 Cr at Rs 723 Cr valuation
Medial

Exclusive: Waterfield Advisors raises Rs 123 Cr at Rs 723 Cr valuation Wealth management platform Waterfield Advisors is raising Rs 123 crore (approximately $14.6 million) in a new funding round, led by Jungle Ventures. The company’s board has approved a special resolution to issue 10,92,362 preference shares at an issue price of Rs 1,126 each, raising Rs 123 crore ($14.6 million), according to its regulatory filing accessed from the Registrar of Companies. Jungle Ventures is leading the funding round with an investment of Rs 100 crore. The remaining amount is being contributed by co-founder and CEO Soumya Rajan, along with individual investors, including Bharat Dhirajlal Shah, Vijay Singh, Bandi Vamsikrishna, Corel Traders, Parthasaradhi Reddy, Kekoo Colah, and Smita D Parekh. The company plans to utilize the proceeds for growth, expansion, marketing, and general corporate purposes, as determined by the board. According to Entrackr estimates, Waterfield Advisors will be valued at approximately Rs 723 crore ($86 million) post-allotment. The company is reportedly raising Rs 130 crore in this round. Founded in 2011 by Soumya Rajan, Waterfield Advisors is a fee-based multi-family office and wealth advisory firm, that ensures unbiased financial, investment, and succession planning services. Waterfield advisors had raised over $25 million in funding to date including $6 million from family offices, and ultra-high net worth individuals. According to the startup data intelligence platform TheKredible, Jungle Ventures will be the largest external stakeholder with 13.83%. Its co-founders Soumya Jain along with Sanjay Teli will cumulatively hold 40.07% of the company. Waterfield Advisors has recorded a 33.2% year-on-year increase in its revenue to Rs 45.7 crore in the fiscal year ended March 2024. Moreover, it managed to decrease losses by 9.5% to Rs 28.6 crore in FY24.

Shiprocket files updated DRHP to raise Rs 1,100 Cr via fresh issue

EntrackrEntrackr · 10d ago
Shiprocket files updated DRHP to raise Rs 1,100 Cr via fresh issue
Medial

Logistics and supply chain platform Shiprocket has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its Rs 2,342.35 crore initial public offering (IPO). The IPO includes a fresh issue of equity shares worth Rs 1,100 crore, while existing shareholders and co-founders will offload shares worth Rs 1,242.35 crore through an offer for sale (OFS). According to the UDRHP, the OFS will be led by Lightrock, selling shares worth Rs 258.49 crore. Arvind Ltd and Tribe Capital will offload shares worth Rs 161 crore and Rs 120 crore, respectively. March Capital and Bertelsmann India Investments will also participate in the OFS, cashing out Rs 95 crore and Rs 85.43 crore, respectively. Other participants include 500 startups, Agility Global, AFOS Group, Moore Strategic Ventures, and Sameer Mehta, among others. The co-founders, Gautam Kapoor and Saahil Goel, will also participate in the OFS, offloading shares worth Rs 144 crore each. Vishesh Khurana, another co-founder, will sell shares worth Rs 36.93 crore. Shiprocket plans to use Rs 505 crore from the IPO proceeds to scale its platforms, with Rs 294 crore allocated for marketing and Rs 211 crore to strengthen its technology infrastructure. Additionally, Rs 210 crore will be used for debt repayment, with the remaining proceeds for inorganic growth and general corporate purposes. As of the UDRHP filing, Bertelsmann India Investments is the company's largest shareholder with a 21.32% stake, followed by Tribe Capital with 14.14%. Eternal (formerly Zomato) and Temasek hold 6.85% and 5.29% stakes, respectively. Co-founders Saahil Goel and Gautam Kapoor each own 4.84%, and the ESOP pool accounts for 8.48% of the shareholding. Financially, the Gurugram-based company reported a 15% YoY rise in operating revenue to Rs 942.6 crore in the first six months of FY26. It also narrowed losses by nearly 10% to Rs 38.3 crore. In FY25, Shiprocket's revenue grew to Rs 1,632 crore, with the company becoming EBITDA cash positive at Rs 7 crore, compared to an EBITDA burn of Rs 128 crore in FY24.

Jar clocks Rs 208 Cr operating revenue in FY25, turns profitable in H2

EntrackrEntrackr · 3m ago
Jar clocks Rs 208 Cr operating revenue in FY25, turns profitable in H2
Medial

Jar clocks Rs 208 Cr operating revenue in FY25, turns profitable in H2 Savings app Jar has reported strong growth in FY25, reaching an operating revenue of Rs 208 crore during the fiscal year ending March 2025. The surge in scale came after the company vertically integrated its gold stack, which pushed its gross revenue to Rs 2,450 crore during the period. Vertical integration implies owning and operating several stages of the gold value chain. The Bengaluru-based startup also reduced its net losses (excluding ESOP costs) to Rs 35.23 crore and turned fully profitable in the last two consecutive quarters from January to June 2025. Founded in 2021 by Nishchay AG and Misbah Ashraf, Jar has built a base of over 35 million registered users across 12,000 pin codes, with more than 95% of its users being first-time savers. Jar leverages UPI Autopay to automate savings and has expanded into jewellery through its vertical Nek and forayed into insurance offerings. The startup has raised over $60 million with a valuation of approximately $325 million, backed by investors like Tiger Global, Arkam Ventures, Tribe Capital, and WEH Ventures.

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