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ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia

EntrackrEntrackr · 8m ago
ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia
Medial

ErlySign raises $1.8 Mn in pre-Series A round from Ashish Kacholia Healthtech startup ErlySign has raised Rs 16 crore ($1.8 million) in its pre-Series A round from Ashish Kacholia. The proceeds will be used in clinical trials, securing CDSCO (Central Drugs Standard Control Organisation) approvals, and bringing ErlySign’s oral cancer detection kit to market. Founded in 2019 by Shubhendra Singh Thakur and Deovrat Begde, ErlySign develops solutions for early detection of oral cancer. The startup also claims to offer India’s first salivary biomarker-based test which can identify pre-cancerous conditions much before visible symptoms emerge. Looking ahead, ErlySign plans to use CRISPR miRNA-based testing technology to detect multiple types of cancer using the same saliva sample within 15–20 minutes.

Travel accessories brand EUME raises Rs 25 Cr in Series A

EntrackrEntrackr · 4m ago
Travel accessories brand EUME raises Rs 25 Cr in Series A
Medial

Travel accessories brand EUME has raised Rs 25 crore ($3 million) in its Series A equity round led by investor Ashish Kacholia. Existing backers including Pradeep Rathod of Cello Group and Prithviraj Kothari of Arvog Financial also participated. Earlier in June last year, the Mumbai-based startup had raised Rs 15 crore ($1.7 million) in a new round led by Ashish Kacholia. The proceeds will be used to scale physical retail, strengthen operations, invest in marketing, and support working capital needs. Founded by Naina Parekh and Pranay Parekh, EUME began as a design-forward luggage brand and has built awareness through associations with events like the Tata Mumbai Marathon and SulaFest. EUME plans to open three flagship stores within 45 days in Bengaluru (Mall of Asia), Mumbai (Oberoi Sky City), and Hyderabad (Sarath City). These new locations are part of the firm’s strategy to grow its offline presence and tap into metro markets. The brand aims to position itself as a premium luggage player, combining retail expansion with product innovation. The brand is set to expand its portfolio across travel categories and focus on premium-priced offerings. It also continues to grow its presence in both B2C and B2B segments, including corporate gifting partnerships.

Agritech startup BigHaat kicks off Series C round with $8.4M

EntrackrEntrackr · 1y ago
Agritech startup BigHaat kicks off Series C round with $8.4M
Medial

Agritech startup BigHaat has raised $8.4 million in Series C funding round co-led by Ashish Kacholia and RBA Finance and Investment Company. The round also saw participation of VPK Global, Anshul Anil Goel, Advik Tecnocommercial, Amee Shah Mehta, Rupaben Shailesh Mehta, Viren Ajit Joshi, Rohhan Viren Joshi and Nishchay Goel. The board at BigHaat has passed a special resolution and has allotted 6,186 Series C compulsory convertible preference shares (CCPS) at an issue price of Rs 1,12,366 each for a consideration of Rs 69.5 crore or $8.4 million, its regulatory filings with the Registrar of Companies show. Suresh Agarwal (on behalf of RBA Finance and Investment Company) and Ashish Kacholia co-led the round with an infusion of Rs 30 crore each. VPK Global and Anshul Anil Goel invested Rs 3 crore and Rs 1.5 crore, respectively. The remaining amount came from the investors mentioned in the beginning of the story. According to the startup data intelligence platform TheKredible, the company has been valued at Rs 470 crore or $56.5 million. This seems to be an ongoing funding round and it may raise more funds. BigHaat is an agritech startup which provides data-led crop advisory to farmers and helps them with distribution, marketing and operations. The firm also offers agriculture products including seeds, pesticides, fertilizers, pumps, tractors and growth promoters through its marketplace platform. Post-allotment of the fresh shares, Ashish Kacholia and RBA Finance and Investment Company acquired around 6.4% shares each in the company. JM FInancial remains the largest stakeholder in BigHaat with over 27% stakes. For complete captable and financial performance, head to TheKredible. BigHaat has raised around $29 million to date. In January 2022, it raised Rs 100 crore led by JM Financial along with existing backer Beyond Next Ventures. BigHaat has been growing at a rapid pace in the past couple of fiscal years and its gross revenue jumped 5.4X to Rs 643 crore during FY23 as compared to Rs 119.7 crore in FY22. Meanwhile, its losses also spiked 6.2X to Rs 35 crore in FY23 from Rs 5.65 crore in FY22.

Fresh From Farm raises $2 Mn in pre Series A round

EntrackrEntrackr · 1y ago
Fresh From Farm raises $2 Mn in pre Series A round
Medial

Fresh From Farm, a B2B2C platform for fresh fruit demand, has raised $2 million in its pre-Series A round led by Ashish Kacholia, founder of Lucky Investments. Inflection Point Ventures also participates in the round. The proceeds will be used for team expansion, tech enhancement, and to introduce new product lines. Fresh From Farm has also provided a partial exit to early investors offering more than 400% returns. Its early investor IPV led Rs 3 crore seed round in the company in November 2022. Founded by Rohit Nagdewani, Fresh From Farm uses a proprietary tech interface to predict and create a demand-supply equilibrium to minimise wastage of fresh produce. Its falgship product F3 converts fruit vendors into mini-franchises and sources, grades and handles fruit for them allowing them to focus on only sales. Fresh From Farm claims to have an ARR of Rs 40 crore with an aim to touch Rs 100 crore by this calendar year end. Other notable startups in the same space include Vegrow and Ninjacart.

Student housing startup Your-Space raises $8.2 Mn debt

EntrackrEntrackr · 6m ago
Student housing startup Your-Space raises $8.2 Mn debt
Medial

Exclusive: Student housing startup Your-Space raises $8.2 Mn debt Student housing startup Your-Space has raised Rs 70 crore (approximately $8.2 million) in debt led by existing investor Shantanu Rastogi, Managing Director of General Atlantic. The round also includes participation from other existing investors, including Castle Investments and Ajax Capital. The board at Your-Space has passed a special resolution to issue 10,14,493 compulsory convertible debentures (CCDs) at an issue price of Rs 690 each to raise Rs 70 crore, according to its January regulatory filing accessed from the RoC. Shantanu Rastogi led the round with an investment of Rs 25 crore, followed by new investor Ashish Kacholia, who will contribute Rs 10 crore. Other notable investments include Rs 7.5 crore each from Satyadharma Investments and Castle Investments, while Ajay Gupta’s family office, Ajax Capital, and Holy Basil Consultancy will invest Rs 5 crore each. The company has already received approximately Rs 51 crore out of Rs 70 crore while the rest of the amount will follow soon. The fresh proceeds will be used for working capital requirements, creditor payments, and other general business operations, the filings added. Notably, the conversion of debentures into equity shares will be done at the valuation of Rs 185 crore against the above-mentioned sum at a later date, the filings further added. Your-Space is a student housing company offering affordable PGs, hostels, and co-living spaces for both girls and boys. With over 60 smart spaces, the company integrates tech-enabled safety features, including facial recognition, biometrics, and digital locks. According to startup data intelligence platform TheKredible, the company has raised around $17.6 million in funding including both debt and equity including a $10 million Series A round raised in January 2022 led by Shantanu Rastogi. The Delhi-based company reported over 20% year-on-year growth in operating revenue to Rs 142.7 crore in FY24, compared to Rs 117.2 crore in FY23. The Delhi-based company also posted a loss of Rs 30.7 crore during the same period.

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