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Krieya raises Rs 7 Cr led by Sauce and Riverwalk Holdings

EntrackrEntrackr ยท 1m ago
Krieya raises Rs 7 Cr led by Sauce and Riverwalk Holdings
Medial

Krieya Beauty & Wellness has raised about Rs 7 crore (around $788K) in its first funding round led by Sauce, with Riverwalk Holdings as co-lead. Aneesh Sheth, founder of Dr. Sheth's, also participated. The proceeds will be used to prepare for the launch of its first brand in Q3 FY26, scale research, and build product capabilities. Founded by Siddharth Sharma, Krieya is a beauty and personal care company focused on research-led product development for Indian consumers. The company is building premium haircare, skincare, and wellness brands with proprietary formulations designed for Indian biology and usage behavior. Krieya has conducted research with over 500 consumers and carried out six months of product trials for its first haircare brand. Krieyaโ€™s first brand will launch in Q3 FY25-26 with a focus on the haircare category. The company is building products based on a research-led model, with 10 products currently in pre-launch testing. Krieyaโ€™s current approach includes building a BioPrint of Indian consumers to inform product formulation. The founder has prior experience at Honasa Consumer and was part of the team that scaled Dr. Shethโ€™s after acquisition. The company plans to build premium science-led brands across beauty, personal care, and wellness.

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

EntrackrEntrackr ยท 18d 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.

B2B textile manufacturing startup Fantail raises Rs 13.75 Cr in seed round

EntrackrEntrackr ยท 5m ago
B2B textile manufacturing startup Fantail raises Rs 13.75 Cr in seed round
Medial

Surat-based B2B textile manufacturing startup Fantail has raised Rs 13.75 crore (around $1.6 million) in a Seed funding round led by Riverwalk Holdings, Incubate Fund Asia, and All In Capital. The proceeds will be used to support investments in partner SMEs across Surat, helping them build capabilities for efficient, large-scale production. Founded in 2023 by Ramya Iyer, Fantail integrates end-to-end manufacturing by working directly with weavers, mills, and processors, covering everything from the yarn stage to finished garments. This marks Fantailโ€™s first institutional round, following its founding by Iyer, who brings over a decade of experience working with Suratโ€™s textile supply chain. โ€œIn B2B, timing is of great significance. I have personally worked with the Surat ecosystem for a decade, and in the coming years, we will see a lot of action in manufacturing 2.0 here,โ€ said Iyer. According to the startup, its structured approach enables faster turnaround times, improved quality control, and reduced capital inefficiencies.

Innovist raises Rs 136 Cr led by ICICI Venture; Accel exits

EntrackrEntrackr ยท 8m ago
Innovist raises Rs 136 Cr led by ICICI Venture; Accel exits
Medial

Innovist, the parent company of Bare Anatomy, has raised Rs 136 crore (approximately $16 million) in a Series B funding round led by ICICI Venture. The round saw participation from Mirabilis Investment Trust, Niveshaay Investment, and existing backer Sauce. The funding round includes both primary and secondary components and will be directed toward product development, business growth, and team expansion, the company said in a media release. In the round, the company provided exit to Accel, which came in via their seed program (atoms). Rohit Chawla, founder and CEO, said that Innovist is one of the fastest-growing BPC (beauty and personal care) firms in the country and aims to cross Rs 300 crore in revenue by FY25. While the company has not yet filed its annual statements for FY24, it reported operational revenue of Rs 36.53 crore in FY23, along with a loss of Rs 16.87 crore. Innovist, previously known as Onesto Labs, was founded in 2018 by Chawla, Sifat Khurana, and Vimal Bhola. The company provides personal care products and currently manages three brands: Bare Anatomy, Chemist at Play, and Sunscoop. To date, Innovist has raised over $26 million, including a $7 million Series A round led by the Amazon Smbhav Venture Fund. According to startup data platform TheKredible, prior to this round, Sauce.VC was the largest external stakeholder, followed by 72 Ventures, Accel India, and the Amazon Smbhav Fund. It competes with D2C beauty brands like Minimalist, Mamaearth, Wow Skin Science, and Sugar Cosmetics.

Exclusive: Consumer lending startup Fibe raises $66 Mn

EntrackrEntrackr ยท 1y ago
Exclusive: Consumer lending startup Fibe raises $66 Mn
Medial

Digital lending platform Fibe (formerly EarlySalary) has raised Rs 547 crore or $66 million in Series E round led by TPGโ€™s The Rise Fund and Kabira Holdings. This is the first round of investments for the Pune-based company in the past two years. The board at Five has passed a special resolution to issue 5,46,75,600 Series E CCPS at an issue price of Rs 100 each to raise Rs 547 crore, its regulatory filing accessed from the RoC shows. The Rise Fund led the round with Rs 133 crore while Kabira Holdings put in Rs 125 crore. Eight Road Ventures, Norwest Capital, and Trifecta participated with Rs 41.6 crore, Rs 62.5 crore and Rs 55 crore, respectively. Amara Partners and Chirate also invested Rs 29.17 crore and Rs 100 crore. According to filings, the company will use these funds for expansion and growth as per the business plan duly adopted by the board. This is a developing storyโ€ฆ

Exclusive: XYXX raises fresh funds led by Niveshaay Sambhav Fund

EntrackrEntrackr ยท 9m ago
Exclusive: XYXX raises fresh funds led by Niveshaay Sambhav Fund
Medial

Men-focused premium innerwear and lifestyle brand XYXX is raising Rs 30 crore ($3.6 million) in a funding round led by Niveshaay Sambhav Fund, with participation from Anicut Capital, DSG Consumer Fund, and Sauce Continuity Fund. The board at XYXX has passed a special resolution to issue 1,81,818 Series B2 CCPS at an issue price of Rs 1,650 each to raise the aforementioned sum, its regulatory filing accessed from the Registrar of Companies shows. Niveshaay Sambhav Fund will invest Rs 9.93 crore, while Anicut Capital, Sauce Continuity Fund, and DSG Consumer Partners will contribute Rs 7.95 crore, Rs 4.96 crore, and Rs 1.99 crore, respectively. The remaining amount will be invested by Singularity Growth, Selenium Trust, Veena Merchants, and Arun Venkatachalam HUF. XYXX will use these proceeds to meet the capex and working capital requirements for the ongoing operations. According to Entrackr's estimates, it will be valued at around Rs 820 crore post-allotment. XYXX is a lifestyle brand specializing in underwear, loungewear, and athleisure, crafted from premium fabrics. The company claims to have built a network of over 18,000 retailers across 50 cities. Besides its own website, XYXX retails on various marketplaces and claims to be among the top three innerwear brands. In FY23, the company launched its first store in central Mumbai and now plans to expand with new outlets in Indore and Bangalore. XYXX has raised Rs 250 crore to date, including Rs 110 crore led by Amazon Smbhav Venture Fund in May 2023. According to the startup data intelligence platform TheKredible, before this round, Sauce.vc was the largest external stakeholder, followed by DSG Consumer Fund and Amazon Smbhav Venture Fund. XYXX recorded a 25% year-on-year revenue growth, rising from Rs 105 crore in FY23 to Rs 131 crore in FY24. Simultaneously, the company trimmed its losses by 22.2% to Rs 35 crore in FY24.

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