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KSKT raises $1.3 Mn in equity and debt round

EntrackrEntrackr · 8m ago
KSKT raises $1.3 Mn in equity and debt round
Medial

Kisaan Se Kitchen Tak (KSKT), an agri-commerce startup, has raised $1.3 million in a funding round led by Keiretsu Forum and Favcy’s 1stCheque Angel Network. The round includes a mix of equity and debt. The new capital will support expansion into over 20 cities, increase farmer onboarding to more than 50,000, and implement AI-based demand forecasting tools. Founded by Santosh Srivastava and Ishaan Hukku, KSKT runs a supply chain platform that connects over 5,000 farmers with over 32,000 customers, offering farm-fresh produce and essentials through B2B and B2C channels. The firm claims to have reported Rs 14.5 crore in revenue for FY25 and a 4X year-on-year growth. KSKT is aiming for Rs 100 crore in annual recurring revenue within three years. The startup is part of Favcy’s 1to10 Accelerator, a program focused on supporting revenue-generating startups from tier II and tier III cities. KSKT was selected for its early revenue and operational performance. KSKT reports a 68% repeat usage rate and 3% wastage, and plans to use the funding to strengthen its tech stack and expand reach.

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Rebel Foods raises $13 Mn debt

EntrackrEntrackr · 1y ago
Rebel Foods raises $13 Mn debt
Medial

Cloud kitchen brand Rebel Foods has raised Rs 110 crore ($13.2 million) in debt from Alteria and InnoVen Capital. This is the fifth debt funding for the parent company of EatSure (previously Faasos) after its last equity round in 2021. The board at Rebel Foods has passed a special resolution to issue 11,000 Series G1 non-convertible debentures at an issue price of Rs 1,00,000 per debenture to raise Rs 110 crore, regulatory filings with the Registrar of Companies (RoC) show. Orbis Trusteeship (through Alteria) has invested Rs 65 crore while Vistra ITCL ( via InnoVen Capital) pumped in Rs 45 crore during the debt round. The tenure of paying Series G1 debt is up to 01 May 2027. According to filings, each debenture issued in the debt round shall be entitled to the interest of 13.90% per annum. The interest shall be payable on a monthly basis. In April last year, it raised Rs 75 crore ($9 million) in debt from Catalyst Trusteeship (Northern Arc) and Stride Ventures. In 2022, the Mumbai-based firm received Rs 230 crore across three debt fundings. Rebel Foods operates food brands such as Faasos, Behrouz Biryani, Oven Story Pizza, Mandarin Oak, The Good Bowl, and Slay Coffee with more than 450 kitchens in over 70 cities. It has a portfolio of over 45 brands across multiple countries—India, United Arab Emirates (UAE), Saudi Arabia and the UK. The company is planning to take Oven Story Pizza offline and will open 250-300 outlets over the next two-three years. The Jaydeep Barman-led company entered the unicorn club after a $175 million Series F round led by Qatar Investment Authority in October 2021. The Peak XV-backed company raised its last equity round of $14.5 million in November 2021. Rebel Foods’s operating revenue surged to Rs Rs 1,258 crore in FY23 from Rs 856 crore in FY22. According to startup data intelligence platform TheKredible, its losses jumped to Rs 656 crore in FY23 from Rs 564 crore in the previous year. As per media reports, Rebel Foods is planning for an initial public offering (IPO) by 2025, making it the first firm from cloud kitchen space to list on the Indian stock exchange.

Neobanking startup Zolve raises $251 Mn in Series B round

EntrackrEntrackr · 10m ago
Neobanking startup Zolve raises $251 Mn in Series B round
Medial

Neobanking startup Zolve raises $251 Mn in Series B round Founded in 2021 by Raghunandan G, Zolve offers immigrants an FDIC-insured US bank account and a credit card without requiring a Social Security number in the United States. Cross-border neobanking startup Zolve has secured $251 million in an equity and debt funding round led by Creaegis, with participation from HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing investors Accel, Lightspeed Venture Partners, Sparta Group, and DST Global. This Series B round includes a $200 million warehouse line (debt) from Community Investment Management to fuel its growing credit portfolio across geographies. In October 2023, the company raised $100 million in a warehouse debt facility from US-based impact investor Community Investment Management (CIM). Zolve has bagged $406 million in equity and debt financing to date. This substantial investment comes as Zolve reaches the 750,000-customer mark, having facilitated the movement of over $1.2 billion. The firm claims that it became customer-level profitable in early 2024 and is on track for company-level profitability by the end of 2025. Zolve plans aggressive expansion into three key areas. Geographically, Canada is next, followed by the UK and Australia. The company will also expand its credit portfolio by launching auto loans, personal loans, and education loans. The firm aims to become a full-stack financial platform for global citizens, enabling seamless international money transfers, insurance, and investment products. This is the largest debt funding raised by an Indian-origin startup in 2025.

Specialty chemicals startup Atomgrid raises $7 Mn in pre-Series A

EntrackrEntrackr · 19d ago
Specialty chemicals startup Atomgrid raises $7 Mn in pre-Series A
Medial

Bengaluru-based specialty chemicals startup Atomgrid has raised $7 million in a pre-Series A round through a mix of equity and debt. The equity portion of the round was led by A99, with participation from Sadev Ventures, CDM Capital, and existing investor Merak Ventures. Alongside equity, the firm has secured venture debt from Trifecta, SIDBI, and RevX. Prior to this, Atomgrid had raised $1.25 million in May last year. The proceeds will be used to expand its international presence and accelerate product development. Founded by Siddharth Gupta and Lakshit Bansal, Atomgrid operates as a full-stack specialty chemicals platform focused on integrating the value chain through distribution, R&D, and proprietary product development. Atomgrid currently derives over 50% of its revenue from exports and works with more than 150 active customers across 15 countries. Over the last 18 months, the startup has completed two funding rounds and is targeting nearly threefold revenue growth in FY26 compared to FY25. Atomgrid competes with 3one4 Capital-backed Scimplifi and Nexus-backed Covvalent.

Udaan raises $75 Mn at flat valuation

EntrackrEntrackr · 11m ago
Udaan raises $75 Mn at flat valuation
Medial

Udaan raises $75 Mn at flat valuation B2B e-commerce platform Udaan has raised $75 million in a Series G equity funding round at a flat valuation, as announced by the company’s co-founder and CEO, Vaibhav Gupta, during a town hall today. Sources assert that the company has been valued in the range of $1.5 to $1.8 billion in this round. According to sources, Udaan plans to use the funds to uplift customer experience, expand market reach, strengthen strategic vendor partnerships, and beef up supply chain and credit infrastructure. Last month, Udaan received approval from the National Company Law Tribunal (NCLT) to merge its various business entities into a unified entity, Hiveloop Ecommerce Pvt Ltd. This consolidation marks a significant milestone in its journey toward becoming a publicly listed company. In October 2024, Udaan secured Rs 300 crore (over $35 million) in debt funding from Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. The company has raised around $1.9 billion in debt and equity funding to date. Udaan’s gross revenue (GMV) grew only 1.7% to Rs 5,706.6 crore in the fiscal year ending March 2024 in contrast to Rs 5,609.3 crore booked in FY23. However, it managed to control its losses by 19.4% to Rs 1,674.1 crore in the same period.

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