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News on Medial
Nikhil Kamath-backed Gruhas picks up 5% stake in The Quorum Club
Entrackr
·
1y ago
Medial
Lifestyle hospitality platform The Quorum Club has raised an undisclosed amount of investment in a pre-series A round led by Gruhas. Gruhas is an early stage investment firm floated by Zerodha’s co-founder Nikhil Kamath and Puzzolana’s Abhijeet Pai. Gruhas has acquired a 5% stake in the Gurugram-based company. The Quorum Club plans to allocate the funds towards expansion, make forays into different territories across India, it said in a press-release. Co-founded in 2018 by Vivek Narain and Sonya Jehan, Quorum Club is a lifestyle hospitality brand which runs three brands: The Quorum, district 150 and The Business Quarter. The company has gained ground in the corporate, startups and investors space with its The Quorum branch in One Horizon Centre (Gurugram). According to the firm, it has announced its third club back in 2022 and integrates lifestyle into the work routine. The platform claims that it is expanding its co-working portfolio, under the brand name – The Business Quarter (TBQ), which are hospitality-powered spaces that are being co-located to its clubs. Quorum Club also says that The Quorum Hyderabad will feature a 110-seat premium co-working facility and its Mumbai branch is being stretched to 451 seats. Gruhas deals in equity and debt investments across segments including proptech, cleantech, media and entertainment sectors. The firm co-led its maiden investment worth Rs 9.25 crore in Shark Tank famed direct-to-consumer (D2C) innerwear brand Bummer. The fundraise was exclusively reported by Entrackr on March 8.
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Related News
Luxury Quorum Club sells 5% stake to Nikhil Kamath's Gruhas in series A round
Livemint
·
1y ago
Medial
Quorum Club Private Ltd, the parent company of luxury members-only club, The Quorum, has raised an undisclosed amount of funding in a pre-series A round. The funding was led by Gruhas, a venture founded by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana. The funds will be used to expand The Quorum's presence in Bengaluru, Goa, and Delhi, as well as its co-working portfolio. The company also operates District150, a venture for meetings and events. Quorum Club aims to cater to the discerning clientele in India's luxury club market.
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Nikhil Kamath's Gruhas, others invests in Hospitality startup Quorum Club
IndianStartupNews
·
1y ago
Medial
Gruhas, a firm co-founded by Nikhil Kamath and Abhijeet Pai, has led a pre-Series A funding round for lifestyle hospitality brand Quorum Club. The investment amount has not been disclosed. Quorum Club, a subscription-based members-only hospitality brand, plans to expand across India, targeting cities like Bengaluru, Goa, and Delhi. The brand aims to diversify its membership base, which currently stands at around 2,800, and has seen significant financial growth in recent years. Other shareholders participating in the funding round include Alok Oberoi, Sabre Advisors, and Sattva Group.
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Zerodha’s Nikhil Kamath invests in finfluencer Sharan Hegde's start-up The 1% Club
Business Today
·
1y ago
Medial
Zerodha's Chief Investment Officer, Nikhil Kamath, has invested in 'The 1% Club', a start-up founded by finfluencer Sharan Hegde. The start-up has secured Rs 10 crore in pre-series A funding, with investment from Gruhas, a venture capital firm co-founded by Kamath. The 1% Club is a members-only platform that offers educational resources, mentorship, and entrepreneurial opportunities for individuals to plan their financial future. The funds raised will be used to expand operations and attract talent. The start-up aims to combine fintech and edtech to empower individuals in making informed financial decisions.
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Fiona Diamonds, The Quorum Club secure early-stage funding
VCCircle
·
1y ago
Medial
Fiona Diamonds and The Quorum Club have secured early-stage funding. Fiona Diamonds, a lab-grown diamond brand, raised $724,799 in a seed funding round led by Venture Catalysts. The Quorum Club, a lifestyle hospitality brand, received an undisclosed amount in a pre-Series A funding round from Gruhas. Both companies plan to use the funding to expand their presence and develop their products/services.
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Authum, Nikhil Kamath’s Gruhas hop on electric bus maker PMI Electro
VCCircle
·
5m ago
Medial
Authum Investment & Infrastructure Ltd and Gruhas, backed by Nikhil Kamath, have invested Rs 250 crore in PMI Electro Mobility Solutions, an electric bus manufacturer. This marks PMI's second major funding, after a similar investment from Piramal Fund in 2023. The funds will be used for technological advancements and scaling operations. With a strong order book of over 3,000 buses, PMI aims to significantly expand its fleet to over 5,000 buses within two years.
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Nikhil Kamath’s Gruhas invests in Weavings Manpower Solutions
Inshorts
·
1y ago
Medial
Nikhil Kamath-founded Gruhas has made a strategic investment in Weavings Manpower Solutions, a company providing staffing and workforce solutions in the Indian market. With this investment, the company will focus on enhancing its technology platform, expanding into new geographies, and introducing specialized staffing solutions across various industry sectors.
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Zerodha cofounder Nikhil Kamath invests in Collective Artists Network
Economic Times
·
1y ago
Medial
Nikhil Kamath, the co-founder of Zerodha, has made an investment in talent management agency Collective Artists Network (CAN). The investment, which is a secondary transaction, provides a return of over 5 times for Glance, a subsidiary of InMobi, which had previously invested in Collective. The financial details of the deal were not disclosed. Collective Artists Network offers a range of solutions including talent management, influencer marketing, and consulting. Earlier in 2024, CAN collaborated with Kamath's investment vehicle Gruhas to launch a consumer fund aimed at supporting consumer-focused enterprises.
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Juice shop chain The Fresh Press raises funds from Gruhas Collective Consumer Fund
Economic Times
·
1y ago
Medial
Cold-pressed juice maker The Fresh Press has secured an undisclosed amount of equity funding from Gruhas Collective Consumer Fund (GCCF), backed by Nikhil Kamath. The Fresh Press, founded in 2018, operates approximately 40 outlets in nine cities across India. The funding will be used to expand the number of stores to 150, primarily through shop-in-shop setups. The company aims to increase revenue from Rs 3.5 crore in FY23 to Rs 15 crore in FY25. The Fresh Press has reported a store-level EBITDA margin of 15% and offers a range of fruit juices, milkshakes, and smoothies.
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D2C apparel firm Bummer raises Rs 9.25 crore led by Nikhil Kamath-backed Gruhas Collective
Economic Times
·
1y ago
Medial
Direct-to-consumer apparel firm Bummer has raised INR 9.25 crore in a funding round led by Gruhas Collective Consumer Fund, backed by Zerodha co-founder Nikhil Kamath. The funding will be used for marketing, expanding distribution, and team expansion. Bummer aims to disrupt the men's underwear category and capture the Gen-Z market with its innovative approach, quality products, and new-age design. The company derives most of its revenue from its own website and plans to expand its distribution to 100 stores next year. It aims to generate half of its revenues from non-metro cities in the future.
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Primus Senior Living Nets $20 Mn For Elderly's Essential Services
Inc42
·
9m ago
Medial
Primus Senior Living, a startup focused on eldercare services, has raised funds in its seed funding round led by General Catalyst. Other participants include Nikhil Kamath and his investment firm Gruhas. The company plans to utilize the funds to create a comprehensive platform for eldercare services, such as healthcare, wellness, lifestyle, and social engagement. Primus Senior Living aims to provide a one-stop solution for the elderly population.
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