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Exclusive: Chai Shots to raise $5 Mn from General Catalyst and InfoEdge

EntrackrEntrackr ยท 7m ago
Exclusive: Chai Shots to raise $5 Mn from General Catalyst and InfoEdge
Medial

Exclusive: Chai Shots to raise $5 Mn from General Catalyst and InfoEdge Hyderabad-based microdrama over the top (OTT) platform Chai Shots is raising $5 million in its maiden funding round, two sources aware of the development told Entrackr. โ€œGeneral Catalyst along with Info Edge are in advanced stages of closing a new funding round in Chai Shots,โ€ said a source requesting anonymity. โ€œA few angel investors may also participate.โ€ Chai Shots is a short-video streaming platform with episodes under two minutes, available in several Indian languages. The platform is created by the team behind Chai Bisket, a popular digital media and storytelling company. The Chai Bisket team has built a content ecosystem over nine years, covering reels, podcasts, films, and regional stories through platforms like First Show, Mutiny Talent, Studio Panchatantra, and Chai Shots. The Chai Shots platform is still being developed and is expected to launch soon. โ€œThe official launch and funding announcement might take a few weeks,โ€ said another source. The person also mentioned that interest in this space is growing, and a few more startups are likely to raise funds soon. Earlier this week, Flick TV, a similar startup, raised $2.3 million in seed funding led by Stellaris Venture Partners, with participation from Gemba Capital and Titan Capital. Chai Shots will also face competition from Kuku FMโ€™s Kuku TV, ShareChatโ€™s QuickTV, Reel Saga, and Reelies. Queries sent to Chai Shots, General Catalyst, and Info Edge did not elicit a response until publication of the story.

Planet Marathi OTT raises $5 Mn from A & MA Capital USA

EntrackrEntrackr ยท 1y ago
Planet Marathi OTT raises $5 Mn from A & MA Capital USA
Medial

Marathi OTT platform Planet Marathi OTT has raised $5 million in a new round led by USA-based private equity firm A & MA Capital USA. The platform has also partnered with media-tech company Dcafe to further strengthen its technological capabilities. Planet Marathi OTT, which provides an exclusive platform for Marathi industry talent and stories globally, plans to use the investment to strengthen its content library and technological infrastructure. Founded by Akshay Bardapurkar, Planet Marathi OTT claims to house the largest and most esteemed library of Marathi content on OTT platforms and offers content in various genres, including comedy, romance, politics, family drama, thriller, crime, and satire. Hosting titles across genres like romance, comedy, family drama, politics, crime, thriller, and satire, Planet Marathi OTT is known for content such as Goshta Eka Paithanichi and Raanbaazaar.

Exclusive: Proptech startup Truva raises $6.3 Mn at over $30 Mn valuation

EntrackrEntrackr ยท 13d ago
Exclusive: Proptech startup Truva raises $6.3 Mn at over $30 Mn valuation
Medial

Proptech startup Truva has raised over $6.32 million from existing investors Stellaris Venture Partners and Orios Venture Partners. Truvaโ€™s board has issued 54,628 Series A Compulsorily Convertible Preference Shares (CCPS) at an issue price of Rs 10,383 per share to raise a total of Rs 56.72 crore, according to its regulatory filing with the Registrar of Companies (RoC). Stellaris Venture Partners led the round with an investment of Rs 30.5 crore, followed by Orios Venture Partners, which infused Rs 26.22 crore. The fresh funds will be utilised for working capital requirements and business expansion of the company, as per the RoC filing. According to Entrackrโ€™s estimates, Truva is valued at around Rs 284 crore ($31.60 million) on a post-money basis. Founded in 2023 by Puneet Arora, Monil Singhal and Ankit Gupta, Truva provides detailed property listings with extensive insights and support for buyers, including help with financing, paperwork, and registration. The startup also offers features such as natural light scores, noise ratings, 3D tours, and high-quality photos and videos. After the fresh allotment, Stellaris Venture Partners holds a 24.53% stake in Truva, while Orios Venture Partners owns 9.24%, respectively. The co-founders, Puneet Arora, Monil Singhal and Ankit Gupta collectively hold 54.87% stake in the company, with 18.29% each. Before this, the company had raised $3 million in a seed funding round led by early-stage venture capital firm Stellaris Venture Partners. For the year ended March 2024, Truva generated Rs 10.88 lakh in operating revenue and reported a loss of Rs 10.30 lakh, reflecting its early-stage, pre-revenue operations. The company is yet to file its financial statements for FY25.

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