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Proptech startup Truva raises $3 Mn led by Stellaris

EntrackrEntrackr · 11m ago
Proptech startup Truva raises $3 Mn led by Stellaris
Medial

Proptech startup Truva has raised $3 million in a funding round led by early-stage venture capital firm Stellaris Venture Partners. The round also saw participation from angel investors such as Mukesh Bansal, Ankit Nagori and Lalit Keshre, among others. The funds will be used for team expansion, product enhancement, raising debt for working capital, and scaling operations, Truva said in a press release. Founded in 2023 by Puneet Arora, Monil Singhal and Ankit Gupta, Truva provides detailed property listings with extensive insights and support for buyers, including help with financing, paperwork, and registration. The startup also offers features such as natural light scores, noise ratings, 3D tours, and high-quality photos and videos. Currently operating in Powai and Bandra in Mumbai, Truva plans to expand its reach to other areas in Mumbai within the next year.

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Social media startup Hunch raises $23 Mn in Series A round

EntrackrEntrackr · 1y ago
Social media startup Hunch raises $23 Mn in Series A round
Medial

Social media startup Hunch has raised $23 million in a Series A funding round led by Alpha Wave and South Korea-based Hashed Emergent. The Dubai-headquartered company will use the funds to strengthen tech infrastructure, improve feed personalisation and accelerate its expansion into the US and Indian markets. It already has offices in India and Singapore. Previously, the firm scooped up $3 million in a seed round in June 2022. Founded in 2022 by Ish Goel, Hunch allows users to create polls that attract votes and comments on various topics, like pop culture, gaming, finance, dating, relationships, anime etc. The polls abridge a curiosity gap, allowing users to validate their own opinions and find like-minded individuals. Hunch claims to record over 1.15 lakh polls, attracting more than 1 crore opinions through user votes across the nation. As per the company, nearly 85% of its user base is in India, with the rest coming from the US. In a statement to the media, Goel said that the firm is looking to scale up to the low single-digit millions of MAUs over the next 12 months with 40% to 50% of that user base coming from the US. Hunch is the second Indian-origin founder-led startup that has a base in Dubai and raised funding in 2023. Last week, Fashinza co-founder Jamil Ahmad’s proptech startup Marrfa announced its pre-seed round led by Berlin-based VC firm Foundamental.

Truva, 4baseCare, two others secure early-stage funds

VCCircleVCCircle · 11m ago
Truva, 4baseCare, two others secure early-stage funds
Medial

On Monday, early-stage funds were secured by several startups including 4baseCare, Infinyte.Club, Truva, HealthCRED, and Haldèn. 4baseCare, an oncology solutions startup, raised $6 million in a Series A funding round to enhance its product offerings and scale up operations across Asia. Infinyte.Club, a wealth management platform, raised $3.6 million in a seed round to provide its members access to private company stocks. Truva, a real estate technology platform, secured $3 million to expand its team, enhance products, and raise debt for working capital. HealthCRED, a healthcare financing startup, raised undisclosed funds to address the working capital gap in hospitals. Haldèn, a luxury men's brand, raised Rs 5 crore to expand its product range.

D2C fashion brand Zouk set to raise $10 Mn led by Aavishkaar Capital

EntrackrEntrackr · 9m ago
D2C fashion brand Zouk set to raise $10 Mn led by Aavishkaar Capital
Medial

Direct-to-commerce (D2C) fashion brand Zouk is in late-stage talks to raise a new round, sources aware of the development told Entrackr. The new round is coming after more than 18 months for the Mumbai-based startup, which claims to make cruelty-free products. “Aavishkaar Capital has issued a term sheet and has completed due diligence. The impact fund, along with existing backer Stellaris Venture, will invest over $10 million,” said one of the sources, requesting anonymity as discussions are private. Aavishkaar Capital has invested in several startups including AgroStar, Altum Credo, Ergos, GoDesi, Milk Mantra and Newtrace. Launched in 2015 by Disha Singh and Pradeep Krishnakumar, Zouk majorly deals in laptop, tote handbags, sling bags and chain wallets. As per the company, its products are handmade by its in-house artisans, and are 100% vegan leather sourced and manufactured in India. In March 2023, Zouk raised $3 million led by Stellaris Venture. Angel investors such as Atomberg founder Manoj Meena and founders of Sugar Cosmetics Vineeta Singh and Kaushik Mukherjee also participated in the round. It has raised more than $4.5 million to date including $1.5 million pre Series A round led by Stellaris and an undisclosed seed funding led by Titan Capital in July and January 2021, respectively. Sources added that Zouk will be valued in the range $50 million (Rs 400 crore. As per startup data intelligence platform TheKredible, Zouk was valued at around $7 million during the last financing round. Queries sent to Zouk and Aavishkaar didn’t elicit any response. For the fiscal year ended in March 2023, Zouk registered Rs 47.41 crore revenue against Rs 21.82 crore in FY22. The company’s losses surged to Rs 10.55 crore from Rs 77 lakh during the period. It is yet to file FY24 numbers. As of the last funding, Zouk’s founders Singh and Krishnakuma had 31% stake each in the company while Stellaris was the largest external shareholder with 19.63% stake. Check TheKredible for more details.

Navanc raises $1 Mn in seed round

EntrackrEntrackr · 7m ago
Navanc raises $1 Mn in seed round
Medial

Fintech startup Navanc has raised $1 million in its seed round led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors. The proceeds will be directed toward expanding operations across India, with a focus on strengthening Navanc's presence in urban and semi-urban areas. Additionally, the startup will ramp up its AI FinTech capabilities by incorporating Generative AI and Computer Vision models. Founded by Nagachethan S M and Byomkesh Jha, Navanc introduced an AI-powered property score and stack, specifically designed for secured lending and insurance practices. By integrating advanced technologies like AI, IoT, and Blockchain, the firm ensures secure, transparent, and reliable transactions in the proptech sector. Its collateral reporting, powered by its AI and ML models, enhances credit decision-making and portfolio management for the BFSI industry. Currently operating across tiers of cities in about 6 states, Navanc is focused on expanding its reach to all states under its Bharat Vision.

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

Economic TimesEconomic Times · 1y ago
Eco-friendly packaging firm Cirkla raises $3 million in funding from Matrix Partners, Stellaris Venture
Medial

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.

Turbostart leads $2.5 Mn round in Lighthouse PropTech

EntrackrEntrackr · 3m ago
Turbostart leads $2.5 Mn round in Lighthouse PropTech
Medial

Snippets Turbostart leads $2.5 Mn round in Lighthouse PropTech Proptech startup Lighthouse PropTech has raised $2.5 million in a new funding round. Turbostart led the round with $1 million, along with participation from the Dabur Family Office and several other HNI family offices, valuing the company at $13.5 million. The fresh funds will be utilized for expansion as it builds a technology-driven platform for luxury real estate transactions in India, Lighthouse stated in a press release. Launched by Sumesh Mishra, Lighthouse PropTech aims to empower its clients with innovative solutions to efficiently manage their luxury real estate portfolios. The company’s offerings include Luxury Listings—an exclusive platform showcasing premier, handpicked properties—and Luxury Exclusives, which provides tailored experiences and bespoke property opportunities. According to Lighthouse PropTech, it is developing a next-generation digital platform to transform luxury real estate transactions for HNIs and UHNIs, offering a seamless, AI-powered investment experience. Market research indicates that India's luxury real estate market is experiencing unprecedented growth, with the segment expected to surpass $100 billion by 2030, growing at a CAGR of 21.81%. Founded in 2019, Turbostart is a global early-stage venture capital firm and accelerator. With a global presence spanning India, the Middle East, the US, and Singapore, Turbostart has launched five funds over five years, supporting over 50 diverse startups across various sectors and stages.

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