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JIF Capital leads $4 Mn Series A round in LetzRyd

EntrackrEntrackr · 1d ago
JIF Capital leads $4 Mn Series A round in LetzRyd
Medial

JIF Capital leads $4 Mn Series A round in LetzRyd LetzRyd, a mobility fleet platform focused on enabling scalable and inclusive urban transport infrastructure, has raised $4 million in a Series A funding round led by JIF Capital, with participation from Japan-based venture capital firm 15th Rock, marking its first investment in India, and existing investor UNLEASH Capital Partners. The Bengaluru-based startup had previously raised $1 million in a pre-Series A funding round from UNLEASH Capital Partners. The proceeds will be used to strengthen its fleet network, scale its operating platform, and enhance technology-led fleet and driver lifecycle management, LetzRyd said in a press release. Co-founded in 2023 by Tarun Jain, Kushagra Dokania, and Sarvagna G, LetzRyd builds fleet solutions for ride-hailing platforms through operating lease and fleet deployment models. By combining financial models, operational efficiency, and technology-led monitoring, the company improves vehicle utilisation, uptime, and service levels. LetzRyd provides vehicles and drivers to ride-hailing platforms while enabling driver ownership through leasing models. In its first year of operations, LetzRyd states it has helped increase driver earnings by 20 to 22 percent while reducing attrition significantly below industry benchmarks.

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The Whole Truth raises $51 Mn in Series D funding

EntrackrEntrackr · 1m ago
The Whole Truth raises $51 Mn in Series D funding
Medial

The Whole Truth raises $51 Mn in Series D funding Clean-label health food brand The Whole Truth has raised about $51 million in a Series D funding round led by Sofina and Sauce.vc. The round comprises a mix of primary and secondary capital and saw participation from existing investors Peak XV Partners and Rainmatter Health, along with Ayra Ventures. Entrackr exclusively reported on the Series D funding last month. The fresh capital will be deployed to expand in-house manufacturing capacity, strengthen working capital, and build internal systems required for public market readiness. An ET report said the latest funding is the start of the company’s IPO journey, with profitability identified as the next key milestone. Founded by former Unilever executive Shashank Mehta, The Whole Truth focuses on clean-label packaged foods. Its product portfolio includes protein bars, protein powders, nut butters, and dark chocolates. Cofounder Rachna Aggarwal leads product development at the firm. Previously, the startup had raised $15 million in a Series C funding round led by Sofina in February last year, with participation from Z47, Peak XV Partners, and Sauce.vc. Since its Series C round in January 2025, the company claims to have grown threefold. Financially, The Whole Truth’s revenue from operations surged 232% to Rs 216 crore in FY25 from Rs 65 crore in FY24. During the same period, the company’s loss increased 17% to Rs 28 crore in FY25 from Rs 24 crore in FY24. 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.

Cactus Partners leads $7 Mn Series A round in Brandworks Technologies

EntrackrEntrackr · 7m ago
Cactus Partners leads $7 Mn Series A round in Brandworks Technologies
Medial

Cactus Partners leads $7 Mn Series A round in Brandworks Technologies Early-growth venture capital fund Cactus Partners (CPL) has led a $7 million (Rs 61 crore) Series A round in Brandworks Technologies, a fast-growing electronics R&D and manufacturing company. The round also saw participation from Gujarat Venture Finance Limited (GVFL), Legacy Assets, and the Hira Group. The fresh capital will be used to expand R&D centers, enter key global markets, invest in next-gen product platforms, and scale manufacturing with new high-efficiency production lines. It also plans to hire top engineering and operations talent to strengthen its innovation capabilities. Founded by Ishwar Kumhar and Nikita Kumawat, Brandworks specializes in next-generation electronics design and manufacturing, delivering solutions across AI hardware, IoT, advanced audio systems, charging technologies, financial devices, surveillance systems, and renewable energy products. The firm partners with leading global chipmakers to co-create technology with a focus on design excellence, manufacturing precision, and customer success. This is Cactus Partners’ 11th investment from its maiden fund and its third in the manufacturing sector, following previous bets on companies like Lohum, Indigrid, Intangles, and Vitraya.

Blume Ventures leads $3.4 Mn round in Zoplar

EntrackrEntrackr · 1y ago
Blume Ventures leads $3.4 Mn round in Zoplar
Medial

Blume Ventures leads $3.4 Mn round in Zoplar In total, Bengaluru-based Zoplar has raised $5.1 million in funding, with contributions from Titan Capital, Stride Ventures, and Panthera Peak. Zoplar, a platform dedicated to enhancing the medical equipment procurement process for small and medium-sized hospitals, has raised $3.4 million in a Series A funding round led by Blume Ventures. The round also saw participation from Beenext, Saison Capital, Atrium Angels, Finfirst, and LogX. In total, the company has raised $5.1 million in funding, with contributions from Titan Capital, Stride Ventures, and Panthera Peak. The proceeds will be utilized to strengthen its operational capabilities by focusing on backward integration in the supply chain and developing a robust service engineering team, Zoplar said in a press release. Co-founded in 2022 by Amit Sah and Umesh Sharma, Zoplar crafts a full-stack medical equipment platform and addresses significant pain points MSME hospitals face, including the complexities of identifying price-optimal products, managing multiple vendor relationships, ensuring high-quality after-sales service, and accessing financing solutions. Since its inception, Zoplar claims that it has gained significant momentum in the market, partnering with approximately 300 hospitals, including prominent nephrology chains such as DCDC. The Gurugram-based company boasts a 40% rate of repeat customers, underscoring the demand for quality medical equipment in the sector.

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