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Online pharmacy PlatinumRx raises $6 million in round led by Stellaris Venture Partners - The Economic Times

Economic Times

Economic Times · 26d ago

Online pharmacy PlatinumRx raises $6 million in round led by Stellaris Venture Partners - The Economic Times

Bengaluru-based online pharmacy PlatinumRx raised $6 million in funding led by Stellaris Venture Partners, with participation from India Quotient. The platform helps consumers find affordable drug substitutes and plans to use the funds to expand operations, enhance tech teams, and open new fulfillment centers. PlatinumRx sources medicines directly from pharmaceutical companies, offering significant savings for patients, and aims to serve over a million customers in the next 12-18 months by expanding its reach and delivery capabilities.

Related News

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

Economic Times

Economic Times · 2m 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%.

Frontend dev tools startup Kombai raises $4.5M in a seed round led by Stellaris, others

IndianStartupNews

IndianStartupNews · 2y ago

Frontend dev tools startup Kombai raises $4.5M in a seed round led by Stellaris, others

Kombai has raised $4.5 million in a seed funding round led by Stellaris Venture Partners and Foundation Capital. The fund round also witnessed participation from several other investors.

Babycare quick commerce platform Peeko raises $3.2 million in round led by Stellaris Venture Partners - The Economic Times

Economic Times

Economic Times · 1m ago

Babycare quick commerce platform Peeko raises $3.2 million in round led by Stellaris Venture Partners - The Economic Times

Peeko, a Bengaluru-based quick commerce platform for babycare products, raised $3.2 million in a funding round led by Stellaris Venture Partners, with participation from angel investors like Maninder Gulati and Kunal Bahl. Founded by Chetan Sharma, Vivek Khetan, and Abhijit Gairola, Peeko plans to use the funds to enhance its product experience, expand supply, and hire talent. The platform uses AI for personalized recommendations and aims to deliver products in under 60 minutes.

Aavishkaar Capital said to lead D2C fashion brand Zouk's new funding round

Livemint

Livemint · 1y ago

Investment firm Aavishkaar Capital is reportedly set to lead a new funding round for direct-to-consumer brand Zouk. The round is expected to close at around $8 million, with participation from other existing investors. The capital infusion will be used to fuel Zouk's expansion across online and offline verticals. Aavishkaar Capital typically invests in sectors such as financial inclusion, food & agriculture, and essential services. This investment marks the firm's entry into the online tech-enabled fashion sector. Zouk previously raised $3 million in a Series A round led by Stellaris Venture Partners in 2021.

Israel's Cato networks raises $359 million, valued at more than $4.8 billion - The Economic Times

Economic Times

Economic Times · 3m ago

Israel's Cato networks raises $359 million, valued at more than $4.8 billion - The Economic Times

Israeli cybersecurity firm Cato Networks has secured $359 million in a late-stage private funding round, valuing the company at over $4.8 billion. The financing round included new investors such as Vitruvian Partners and ION Crossover Partners, along with existing investors like Lightspeed Venture Partners, Acrew Capital, and Adams Street Partners. With this latest investment, Cato Networks has raised over $1 billion in total, aiming to redefine enterprise security for the digital and AI era.

Eco-friendly packaging firm Cirkla raises $3 million in funding from Matrix Partners, Stellaris Venture

Economic Times

Economic Times · 2y ago

Eco-friendly packaging firm Cirkla raises $3 million in funding from Matrix Partners, Stellaris Venture

Cirkla, a US-based sustainable packaging company, has secured $3 million in a pre-seed funding round led by Matrix Partners India and Stellaris Venture Partners. The startup, founded earlier this year, offers eco-friendly packaging solutions to brands, helping them evaluate the environmental impact of packaging and create sustainable alternatives. Cirkla plans to use the funds to expand operations, enhance its salesforce, and invest in innovative technologies. The company aims to capitalize on the growing sustainable packaging sector, projected to exceed $500 billion by 2030. It follows a three-step strategy, including evaluating brand portfolios, creating designs, and managing global distribution.

RegTech startup Zango AI raises $4.8 million from Nexus Venture Partners, others - The Economic Times

Economic Times

Economic Times · 3m ago

RegTech startup Zango AI raises $4.8 million from Nexus Venture Partners, others - The Economic Times

Regtech startup Zango AI raised $4.8 million in a funding round led by Nexus Venture Partners. The funds will expand teams in Bengaluru and London and develop AI-native compliance tools. Founded in 2024 by Ritesh Singhania and Shashank Agarwal, Zango automates compliance using regulation-specific large language models, aiding clients like Novobanco and Monzo. The startup aims to modernize financial regulation management, integrating AI with human expertise to ensure comprehensive compliance solutions.

Fashion accessory startup Zouk keen on more offline stores, charts out FY24 growth blueprint

Economic Times

Economic Times · 2y ago

Fashion accessory startup Zouk keen on more offline stores, charts out FY24 growth blueprint

The brand, founded by IIM Ahmedabad batchmates and husband-wife duo Disha Singh and Pradeep Krishnakumar, had raised $3 million in fresh capital earlier this year, in a funding round led by Stellaris Venture Partners and participation from Sharrp Ventures, JJ Family Office, Deutsche Bank India CEO Dilip Khandelwal, Manoj Meena of Atomberg and Vineeta Singh, Kaushik Mukherjee of Sugar Cosmetics.

Circuit House Technologies raises $4.3 million in funding round led by Stellaris, 3one4 Capital

Economic Times

Economic Times · 1y ago

Circuit House Technologies raises $4.3 million in funding round led by Stellaris, 3one4 Capital

Indian consumer electronics company Circuit House Technologies has secured $4.3 million in a funding round led by Stellaris Venture Partners and 3one4 Capital. The funding, comprised entirely of equity investment, marks the first institutional investment for the firm. Circuit House will use the funds to develop and sell consumer electronic products, starting with home entertainment devices set to launch in early 2022. The company was founded earlier this year by Raghu Reddy, former chief business officer at Xiaomi India, and Kailash Sankaranarayanan, previously senior director and revenue head of grocery at Flipkart.

Stellaris Venture plans third fund; Macquarie, JSW, Actis eye O2 Power

VCCircle

VCCircle · 1y ago

Stellaris Venture plans third fund; Macquarie, JSW, Actis eye O2 Power

Stellaris Venture Partners, an Indian early-stage investment firm, is raising its third fund with a target of $300 million. The firm has already secured soft commitments of $200-250 million and is engaging with potential limited partners. Notable investors including Macquarie, JSW, and Actis are reportedly interested in O2 Power, a renewable energy company. Stellaris Venture Partners has previously backed successful Indian startups Mamaearth and Glance.

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