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Physis Capital marks second investment of Rs 5 Cr in CTPL

EntrackrEntrackr · 8m ago
Physis Capital marks second investment of Rs 5 Cr in CTPL
Medial

Admissions as a service platform Creanovation Technologies Pvt. Ltd (CTPL) has raised Rs 5 crore from growth-stage focused Physis Capital. This is the second investment by the $50 million fund. Earlier this year, the fund invested in Ben & Gaws. Founded by Bikash Sahoo, CTPL features customizable workflows, CRM-driven lead management, and AI-powered decision-making for more efficient admissions. Beyond admissions, CTPL’s NextGen Academy offers industry-collaborative courses to prepare students for the future job market. It helps educational institutions increase revenue and improve overall efficiency. The Gurugram-based startup claims to have doubled its revenue year on year for the past three years, while remaining profitable and is set to enter international markets this year. CTPL has raised a total of $4 million in a mix of dilutive and non-dilutive capital in this round. Physis Capital, the venture capital fund established by the team behind Inflection Point Ventures (IPV), is known for investing in companies like Bharat Pe, Blusmart, VideoVerse, Milkbasket, Samosa Party, Stage, and Otipy. It targets startups from pre-Series A to Series B.

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Physis Capital crosses Rs 200 Cr in funding

EntrackrEntrackr · 29d ago
Physis Capital crosses Rs 200 Cr in funding
Medial

Physis Capital crosses Rs 200 Cr in funding Physis Capital, the growth-stage venture fund launched by Vinay Bansal, Ankur Mittal, and Mitesh Shah of Inflection Point Ventures, has raised over Rs 200 crore ($23 million) in its ongoing fundraise. According to the company, the final close is expected within the next 6 to 9 months. The fund focuses on tech-driven startups from Pre-Series A to Series B and aims to build a concentrated portfolio of 15–20 companies. It will invest $1–1.5 million initially, with follow-on cheques of $1–4 million for high-performing portfolio companies. Physis Capital has already backed three startups Ben & Gaws, CTPL, and STAGE and has 8 more deals in the pipeline, with 3–4 expected to close in the next two quarters. The fund has seen participation from leading institutions and family offices including SUD Life, Haldiram’s Family Office, Lotus Holdings, and Narayana Nethralaya. “With strong support from marquee investors and a clear focus on founder-first investing, Physis Capital is well-positioned to back the next wave of high-impact startups in India. We are on track to build a portfolio of over 15 companies by the first half of next year,” said Vinay Bansal, General Partner, Physis Capital. In March 2022, angel investment platform Inflection Point Ventures (IPV) had announced the launch of its $50 million new fund Physis Capital with a green shoe option of another $25 million. Later in May 2023, Physis Capital announced its first close of CAT II $50 million fund.

Zomato invests Rs 500 Cr in Blinkit

EntrackrEntrackr · 6m ago
Zomato invests Rs 500 Cr in Blinkit
Medial

Food tech giant Zomato has invested Rs 500 crore (nearly $60 million) in its quick commerce subsidiary, Blinkit, bringing its total investment in the quick commerce segment to Rs 2,800 crore since the acquisition. The board has Blinkit has passed a resolution to issue 2,537 equity shares at an issue price of Rs 19,70,181 each to raise Rs 500 crore, its regulatory filing accessed from the Registrar of Companies shows. The capital injection into Blinkit comes just two months after Zomato raised Rs 8,500 crore through a Qualified Institutions Placement (QIP). The primary objective of that fundraising was to strengthen Zomato's financial position, enabling business expansion and strategic initiatives, particularly in the quick commerce segment through Blinkit. This marks Zomato's second capital infusion in Blinkit within seven months. In June 2024, it invested Rs 300 crore ($36 million) into the Albinder Dhindsa-led company. Blinkit, formerly known as Grofers, was acquired by the food delivery giant in an all-stock deal valued at Rs 4,477 crore ($568 million).

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