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Offline raises $2 million from a clutch of angel investors

Economic Times

Economic Times · 1y ago

Offline raises $2 million from a clutch of angel investors

Offline, a private members' community for tech founders and CEOs in India, has secured $2 million in funding from angel investors, including Lalit Keshre of Groww, Harshil Mathur and Shashank Kumar of Razorpay, and others. The platform, founded by Utsav Somani, former India head of AngelList, aims to create a close-knit community of startup founders who meet specific growth criteria, such as having raised $5 million, generated $5 million in revenue, or had a previous exit worth $10 million. Offline plans to curate monthly meetings with 6-8 founders, bringing in executive coaches and facilitators to add value to the discussions.

Related News

Droom raises ₹24.75 cr to boost tech in India

Inshorts · 5m ago

Droom raises ₹24.75 cr to boost tech in India

Automobile ecommerce platform Droom has raised around ₹24.75 crore in an undisclosed funding round co-led by India Accelerator and Finvolve. The round saw participation from a clutch of angel investors, including Rayzon Solar founder Hardik Kothiya. With the raised capital, the company seeks to bolster its tech infrastructure, accelerate customer acquisition and expand its footprint in India.

AI-powered edtech startup Shaktimaan.ai raises $2M led by YCombinator, others

IndianStartupNews

IndianStartupNews · 2y ago

AI-powered edtech startup Shaktimaan.ai raises $2M led by YCombinator, others

AI-powered edtech startup Shaktimaan.ai has raised $2 million in a seed funding round led by YCombinator, Fundersclub, Goodwater Capital, Misbah and Nishchay (Founders of Jar), along with other angel investors.

Sneaker platform Culture Circle raises $2 million

Inshorts · 8m ago

Sneaker platform Culture Circle raises $2 million

Sneakers focussed ecommerce platform Culture Circle has raised $2 million in its seed funding round led by Info Edge Ventures. The round also saw participation from angel investors. The startup plans to use the capital to scale its operations globally, enhance technology, and reinforce its position as a digital marketplace for hyper-luxury goods.

Karthik Gurumurthy Returns Money To Investors, Stalls Offline Venture Plan: Report

Inc42 · 1y ago

Karthik Gurumurthy Returns Money To Investors, Stalls Offline Venture Plan: Report

Gurumurthy, a startup entrepreneur, has returned the capital raised from investors, including Matrix Partners India. However, he is already working on a new startup and formulating a fresh plan. Gurumurthy had previously secured a funding of $3 million for his new offline retail venture with the support of Matrix Partners India and several angel investors.

Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round

Entrackr

Entrackr · 1y ago

Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round

Wealthtech startup Stable Money has raised over Rs 123 crore nearly $15 million in a new round from RTP Capital, Lightspeed India, and Matrix Partner. The Bengaluru-based company has become one of the few startups to close two rounds within a year, especially during the so called funding winter. The board at Stable Money has passed a special resolution to issue 77,135 CCPS at price of Rs 16,019 each to raise Rs 123.56 crore or $14.74 million, its regulatory filing accessed from the Registrar of Companies (ROC) shows. RTP Capital led the round with Rs 54.26 crore ($6.5 million) while Lightspeed India and Matrix Partners India pumped in Rs 34.64 crore ($4.15 million) each in this round. In August 2023, Stable Money scooped up $5 million in its first equity fundraise led by Matrix Partners and Lightspeed. Titan Capital, Mar Shot Ventures and a clutch of prominent angel investors also participated in the round. As per startup data intelligence platform TheKredible, Stable Money will be valued at around $60 million post money. This is nearly four fold jump in valuation from $16.5 million in the last round. Founded in late 2022 by Saurabh Jain and Harish Reddy, Stable Money is building a fixed-return investment platform to provide financial consultation services to investors. The platform will also publish financial literacy content on its online platform to create awareness among investors. A clutch of wealthtech startups have managed to score decent funding in the ongoing calendar year. Recently Deserv raked in $32 million in its Series B round led by Premji Invest. In May, wealth management platform Wealthy raised $5.4 million in a new round led by Alpha Wave Incubation Fund.

Mobile testing platform Drizz raises $2.7 million from Stellaris Venture Partners, others - The Economic Times

Economic Times

Economic Times · 1m ago

Mobile testing platform Drizz raises $2.7 million from Stellaris Venture Partners, others - The Economic Times

Drizz, a Bengaluru-based Vision AI mobile app testing platform, raised $2.7 million in its first funding round led by Stellaris Venture Partners. Additional investors included Shastra VC, Veda VC, and notable angel investors. The funds will enhance Drizz's vision AI engine, expand its engineering team, and strengthen research capabilities. Drizz's platform automates testing processes traditionally done manually, significantly reducing developers' time spent on testing from 20% to just 2-3%.

Swiggy Instamart Architect Karthik Gurumurthy’s Venture Nets $3 Mn Led By Matrix Partners India

Inc42 · 1y ago

Swiggy Instamart Architect Karthik Gurumurthy’s Venture Nets $3 Mn Led By Matrix Partners India

Karthik Gurumurthy, the former senior vice president of Swiggy and the architect behind Swiggy Instamart, has reportedly secured $3 million in funding for his new offline retail venture called Convenio. The funding round is led by Matrix Partners India and angel investors. Convenio aims to provide good quality fresh produce at affordable prices and will operate in the offline space, mirroring Swiggy's business model. Gurumurthy's departure from Swiggy was announced in November last year.

Traidy Raises $2M in Funding

Finsmes · 1y ago

Traidy Raises $2M in Funding

Dubai-based company Traidy has raised $2 million in pre-seed funding led by Three Sigma Ventures and angel investors. Traidy uses AI-driven insights to enhance the investor experience, interpreting social interactions and market trends using Large Language Models (LLMs). The funds will be used to expand operations and extend its business reach. Traidy aims to simplify stock market investing and empower investors with the right tools to navigate the noise of social trading platforms.

Real sports gaming platform Game Theory raises $2 million in funding from Nithin Kamath’s Rainmatter, others

Economic Times

Economic Times · 1y ago

Real sports gaming platform Game Theory raises $2 million in funding from Nithin Kamath’s Rainmatter, others

Real sports gaming platform Game Theory has secured $2 million in funding from investors including Rainmatter, a startup accelerator fund founded by Nithin Kamath's Zerodha, as well as tennis player Rohan Bopanna and other angel investors. Game Theory aims to connect players in physical sports and coordinate games, and plans to use the funds to develop its technology, establish coaching products, and expand its user base. This investment marks Rainmatter's first foray into the sports sector.

Fashion delivery startup Slikk Club raises $3.2 million

Economic Times

Economic Times · 5m ago

Fashion delivery startup Slikk Club raises $3.2 million

Bengaluru-based Slikk Club, a 60-minute fashion delivery startup, secured $3.2 million in funding led by Lightspeed, with participation from Multiply Ventures and several angel investors. The funds will expand operations in Bengaluru, covering 80% of the city's pin codes by setting up dark stores, introducing new categories, and adding brands. Founded by Akshay Gulati, Om Prakash Swami, and Bipin Singh, the startup plans to expand into tier-1 and tier-2 cities over five years while enhancing its platform.

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