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ParkMate raises $1.2 Mn led by Cactus Partners

EntrackrEntrackr · 7m ago
ParkMate raises $1.2 Mn led by Cactus Partners
Medial

Car parking solutions provider ParkMate has raised $1.2 million in a new round led by early growth-stage venture fund Cactus Partners. Existing backers such as Venture Catalysts and the Marwah Group Family Office have also participated in the round. According to ParkMate, the funds will be used to ramp up its growth trajectory, invest in its team to win business, streamline its operations, and continue to innovate new solutions. Founded by Dhananjaya Bharadwaj, ParkMate offers smart parking solutions to shopping malls, office complexes, and Hotels in the corporate segment and to parking contractors for government parking spaces. The firm’s exclusive DaSH (Drop & Shop) service claims parking within 2 minutes for car owners at shopping malls, arcades, and business complexes. It counts as DLF, Phoenix Mills, Fun Republic, the UP, and Telangana Governments. Smart cities are another sizeable market for ParkMate. It directly competes with Park+, Get My Parking, Park Smart, and Parky, among others. Park+ is the largest player in this segment. In June, the company ventured into the on-demand driver services segment with Drive+, positioning it as a potential competitor to DriveU, Drivers4Me, Driverzz, PickMyCar, Namma Driver, and Cars24. This marks the eighth investment by Cactus Partners since January 2021. The firm has invested in companies such as Lohum Cleantech, Kapture CX, Vitraya Technologies, AMPM Fashions, Auric, Indigrid Technology, and Rubix Data Sciences (exited).

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Cactus Partners leads $1.2 Mn round in ParkMate

EntrackrEntrackr · 6m ago
Cactus Partners leads $1.2 Mn round in ParkMate
Medial

Parking management platform ParkMate has raised $1.2 million in a funding round led by Cactus Partners, along with participation from existing investors like Venture Catalysts and the Marwah Group Family Office. The Noida-based company had previously raised $1.2 million from its existing investors. The proceeds will be used to expand its operations, boost the business development team, and accelerate innovation in cutting-edge parking solutions, ParkMate said in a press release. Co-founded in 2021 by Abhimanyu Singh and Dhananjaya Bharadwaj, ParkMate is a parking management solution designed to simplify the process of finding, reserving, and paying for parking spaces. It is often available as a mobile app or platform, providing users with real-time updates on parking availability in specific areas. According to ParkMate, it provides features such as GPS integration, cashless payments, and advanced parking and aims to reduce the hassle of parking in crowded urban environments. Additionally, it offers other services such as reminders for parking durations, secure access to private parking spaces, and eco-friendly initiatives like guiding users to spots that reduce fuel consumption. ParkMate says that its flagship service, DaSH (Drop & Shop), offers guaranteed parking at any location like shopping malls, office complexes, and entertainment hubs. It serves clients including industry giants such as DLF, Phoenix Malls, Indian Army, Ansals API, Unitech Group, Shalby Group, M3M, alongside strategic partnerships with the Uttar Pradesh and Telangana governments.

Battery tech startup Lohum raises $23 Mn in ongoing Series B

EntrackrEntrackr · 1y ago
Battery tech startup Lohum raises $23 Mn in ongoing Series B
Medial

Battery pack manufacturing and recycling startup Lohum Cleantech has raised $23 million in its Series B round led by Baring Private Equity Partners. This round materialized in August last year and seems to be an ongoing one as the firm is likely to raise more capital. The round also saw the participation of Cactus Partners, Chhattisgarh Investment Limited, Ventureast Proactive Fund, Michael B Schwab Living Trust, Singularity Growth, Stride Ventures, and several angel investors including, Anish Vora, Kunal Babani, Manas Tondon, et al. The board at Lohum has passed a special resolution to issue 1,993 Series B1 CCPS at an issue price of Rs 9,42,467 each to raise Rs 188 crore, its regulatory filing sourced from the Registrar of Companies shows. Baring Private Equity led the round with Rs 70 crore while Cactus Partners and Ventureast Proactive Fund poured in Rs 30 crore and Rs 32 crore, respectively while the rest came from other investors. The seven-year-old company will use these funds to meet capital expenditures, marketing, and general corporate business as decided by the board of directors, the filing added. Following the fresh proceeds, Baring Equity holds 5% of the company while Cactus Partners and Ventureast Proactive Fund command 3.1% and 3.2% stake respectively. As per startup data intelligence platform TheKredible, the company has been valued at around Rs 2,188 crore or $267 million post-allotment. Lohum is a battery pack producer that constructs lithium-ion batteries by assembling cells sourced from various countries, including China and Taiwan. These batteries find application in electric vehicles (EVs) and stationary energy storage solutions (ESS), such as those utilized in telecommunication towers. The company had previously raised $7 million in January 2021 and it was reportedly in talks to raise $100 million in Series B round. Lohum showed an impressive financial performance surging its revenue 2.9X year-on-year to Rs 308 crore in FY23 from Rs 106 crore in FY23. The company also posted a profit of Rs 8.88 crore in the same period.

HealthCRED raises $1.2 Mn in seed round

EntrackrEntrackr · 11m ago
HealthCRED raises $1.2 Mn in seed round
Medial

B2B healthcare financing startup HealthCRED has raised $1.2 million in its seed round led by Antler India, TRTL VC, DeVC, iSeedVC and Angel List India. The round also saw participation from angel investors including Dr. Subho Ray (President, IAMAI), Nitin Gupta (CEO, Uni Cards), Amit Lakhotia (CEO, ParkPlus) and founders of InsuranceDekho and SEA-based Docquity. The proceeds will be used to enhance customer relationships and expand operations to the Southern and Western parts of the country. The firm will also hire fresh talents and develop B2B loan onboarding and loan management systems. Founded in 2022 by Shrey Jain and Arpit Jangir, HealthCRED provides swift, comprehensive, and adaptable financing solutions tailored for the healthcare sector. Delhi-based HealthCRED partners with hospitals, specialised healthcare service providers (HSPs across nephrology, oncology, and diagnostics), insurers, and pharmaceutical and consumable supply chain partners to deliver financing solutions.

Porter raises $200 Mn led by Kedaara and Wellington Management

EntrackrEntrackr · 2m ago
Porter raises $200 Mn led by Kedaara and Wellington Management
Medial

Porter, an on-demand goods transport agency, has raised $200 million in its Series F funding round, led by Kedaara Capital and Wellington Management. Existing investor Vitruvian Partners also participated in the round, which is a combination of primary investment and secondary share sales by select existing shareholders. As per several media reports, the company has been valued at $1.1-1.2 billion, making it the third unicorn of 2025. Netradyne and Juspay also achieved the feat in January and April respectively. However, Porter did not disclose its current valuation. The fresh round has come after a gap of three and a half years for the Bengaluru-based company. It raised $100 million Series E round led by Tiger Global and Vitruvian Partners in October 2021 at a valuation of around $500 million. Porter company provides a full-stack logistics platform to help businesses optimize their last-mile delivery operations. It primarily serves micro, small, and medium enterprises (MSMEs) and has expanded its presence to over 20 cities in India. For the fiscal year ending in March 2024, Porter’s revenue from operations grew 55.9% to Rs 2,733.8 crore. Despite rising expenses, the firm managed to cut down its losses by 45% to Rs 95.7 crore against Rs 174.6 crore in FY23. The Arch reported that Porter’s scale has jumped 55% to Rs 4,300 crore in FY25.

Skin care startup CHOSEN raises $1.2 Mn in seed round

EntrackrEntrackr · 1y ago
Skin care startup CHOSEN raises $1.2 Mn in seed round
Medial

Chennai-based skincare startup CHOSEN has raised $1.2 million in its seed round from friends and family. This funding follows an equity-free grant of $100,000 from Peak XV Partners as part of the SPARK program for women entrepreneurs. The proceeds will be used to to grow its headcount and enhance its supply chain capabilities. Founded by cosmetic dermatologist Dr. Renita Rajan, CHOSEN focuses on developing innovative skincare products through patents and technology formulations while expanding into IoT-led skincare solutions. Earlier this year, CHOSEN was featured in Peak XV’s cohort of women-led startups, with the $100,000 grant. Over the past four years, CHOSEN claims to have developed a multi-channel ecosystem of highly active cosmetic products tailored for Indian skin types. It currently offers 34 SKUs, with 12 more in the pipeline and additional products slated for launch within the next 18 months. CHOSEN projects a two-fold increase in its scale this fiscal year.

SaaS startup Taqtics raises $1.2 Mn in seed round

EntrackrEntrackr · 8m ago
SaaS startup Taqtics raises $1.2 Mn in seed round
Medial

SaaS platform Taqtics has raised $1.2 million in seed round led by Sprout Venture Partners and Capital-A, with additional participation from Java Capital. The proceeds will be used to expand its product capabilities, strengthen its presence in key markets, and incorporate AI-driven analytics. Founded by Yuyutsu Sharma, Taqtics offers a comprehensive suite of tools that help managers streamline store operations with ease. Its key features include real-time store audits for compliance and improvement tracking, employee training and SOP management for smooth onboarding and adherence to standards, and simplified visual merchandising to enforce brand guidelines. The platform also provides efficient asset management, ensuring optimal use and maintenance of store assets, along with an issue-tracking system to quickly resolve operational challenges and boost performance. Capital-A focuses on environmental sustainability and economic growth, and the firm’s second fund targets a corpus of Rs. 400 crore. It has already backed more than 20 innovative startups, including Jiraaf, Rooter, Bambrew, Riskcovry, and Tan90 among others.

Juice brand Alienkind raises $1.2 Mn in Seed round

EntrackrEntrackr · 3m ago
Juice brand Alienkind raises $1.2 Mn in Seed round
Medial

Juice brand Alienkind raises $1.2 Mn in Seed round Juice brand Alienkind has raised $1.2 million in a Seed funding round at a valuation of $10 million led by notable industry veterans, including Super.money founder Prakash Sikaria, Ravi Iyer, Arpan Sheth, and others. The proceeds will be utilized for its expansion and scale footprint across key metropolitan cities in India as part of its first phase of growth, Alienkind said in a press release. Co-founded in 2024 by Vikram Kakkireni and Abhishek Kumar, Alienkind is a next-generation juice bar that aims to empower the juice ecosystem. The brand aspires to become an extension of its consumers’ personalities, fostering a community that values authenticity and innovation. Since its launch, Alienkind states that it has quickly gained nationwide attention by redefining the Indian Quick Service Restaurant (QSR) segment with its unique value proposition, competitive pricing, and strategic brand positioning.

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