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Quick commerce enabler Inamo raises $8 Mn led by Prime Venture Partners

EntrackrEntrackr · 6h ago
Quick commerce enabler Inamo raises $8 Mn led by Prime Venture Partners
Medial

Quick commerce enablement platform Inamo has raised $8 million in a funding round led by Prime Venture Partners, along with participation from existing investors Shastra VC, Antler India, and Gemba Capital. The round includes $6 million in equity and $2 million in venture debt. The proceeds will be used to expand its dark store network, onboard more brands, and add new categories, Inamo said in a press release. Co-founded in 2024 by Sumit Anand and Rupesh Thakare, Inamo provides Infrastructure-as-a-Service for dark store management, last-mile delivery, and inventory, helping brands scale rapid 10-minute delivery. Inamo aims to streamline the supply chain for quick-delivery businesses by offering a plug-and-play solution, addressing India’s high-growth quick commerce market, estimated to reach $40 billion by 2030. Currently, Inamo processes 1.8 million orders per month, operates in six metro cities through over 80 dark stores, and plans to expand to 200 outlets across 10 towns by the end of 2026.

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Fashion quick commerce startup ZILO raises $15.3 Mn in Series A round

EntrackrEntrackr · 25d ago
Fashion quick commerce startup ZILO raises $15.3 Mn in Series A round
Medial

Fashion quick commerce startup ZILO has raised $15.3 million (Rs 140 crore) in a Series A funding round led by Peak XV Partners, which invested $8 million. Existing investors InfoEdge Ventures and Chiratae Ventures participated with $2.5 million each. The round also saw participation from Alteria Capital and Stride Ventures, along with angel investors including Lalit Keshre of Groww, Kunal Shah of CRED, Sachin Oswal, Ayyappan R, Abhishek Bansal, Sreevathsa Prabhakar, and Preeta Sukhtankar. Earlier in June last year, ZILO had secured $4.5 million in seed funding led by Info Edge Ventures and Chiratae Ventures. The proceeds will be used to scale operations, invest in technology, expand to new markets, and strengthen its supply chain. It currently operates in Mumbai and plans to expand to additional cities over the next 12–14 months. Co-founded by former Flipkart and Myntra executives Padmakumar Pal and Bhavik Jhaveri, ZILO operates a fashion quick commerce platform offering apparel delivery within 60 minutes. The brand works with more than 200 brands and offers features such as home trials and instant returns. It follows a vertically integrated model combining dark stores and brand outlets to manage inventory and delivery timelines. Recently, Mumbai-based quick commerce fashion platform KNOT raised $5 million in a new funding round led by 12 Flags. ZILO also competes with Slikk and Myntra, which has expanded its quick fashion delivery offering to additional cities.

Sweet Karam Coffee raises $8 Mn led by Peak XV

EntrackrEntrackr · 11m ago
Sweet Karam Coffee raises $8 Mn led by Peak XV
Medial

Sweet Karam Coffee Raises $8 Mn Led by Peak XV Chennai-based South Indian food brand Sweet Karam Coffee (SKC) has raised $8 million in its Series A round led by Peak XV Partners, with existing investor Fireside Ventures also increasing its stake. The funding comes almost two years after Sweet Karam Coffee raised $1.5 million from Fireside Ventures. The proceeds will be used to expand its distribution, launch new products, and improve its supply chain with tech. Founded in 2015, SKC is known for its authentic sweets, snacks, and filter coffee, which is made without palm oil, preservatives, or maida. It also sells condiments and ghee. The startup sells its products via its website, e-commerce marketplaces, and quick commerce platforms, serving customers across 32 countries. SKC claims to have grown 4X in revenue over the past 12 months and is projected to grow another 2.5X in the next 12 months. SKC announced the appointment of Nandhitha Indermohan (ex-Unilever) as Chief Operating Officer to boost execution.

Ice cream brand Go Zero raises $1.5 Mn

EntrackrEntrackr · 1y ago
Ice cream brand Go Zero raises $1.5 Mn
Medial

Ice cream brand Go Zero has raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures, among others. The round also saw participation from notable angel investors such as Arjun Purkayastha. Earlier in August last year, the startup had raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Currently present in 16 cities and over 125 dark stores, Go Zero ice cream brand is available on both quick commerce and e-commerce platforms in less than two years of launch. In FY24, Go Zero claims to have grown 4X compared to FY23 and while it saw 7X growth on quick commerce in just 5 months this summer. Go Zero competes with Hocco and NIC. Last year, NIC had raised $11 million in a growth funding round led by Jungle Ventures whereas Hocco recently raised $12 million from Chona family and others.

Exclusive: Ziffi Chess raises over $5 Mn led by Tanglin Venture

EntrackrEntrackr · 5m ago
Exclusive: Ziffi Chess raises over $5 Mn led by Tanglin Venture
Medial

Exclusive: Ziffi Chess raises over $5 Mn led by Tanglin Venture Ziffi Chess, a 2 min chess format game, has secured Rs 44.2 crore ($5 million) in its Series A round led by Tanglin Venture Partners along with participation of existing investors India Quotient, DeVC and others. Previously, Ziffi raised around Rs 7.3 crore in Seed round across 2 tranches from India Quotient, DeVC and few other angel investors. However, the company did not disclose both funding rounds (nearly $6 million) in the media. The board at Ziffi Chess issued 3,792 Series A CCPS and an equity share at an issue price of Rs 1,16,583 each to raise the aforementioned amount, as per its regulatory filing with the Registrar of Companies (RoC). New investor Tanglin Venture Partners spearheaded the round with Rs 34.4 crore (around $3.9 million) followed by existing investor India Quotient via IQ Alpha IV who invested Rs 8.6 crore. Remaining amount covered by DevC, Symphysis LSV LLP and Rohan Nayak. According to Entrackr’s estimates, the Gurugram-based company is currently valued at Rs 206 crore or $23.5 million post-allotment. Following the allotment of this round, Tanglin Venture Partners holds a 16.67% stake in the company, while India Quotient owns 15.2%. The two co-founders, Akshat Bansal and Aditya Dubey together retain a 53.54% stake. Founded in 2023 by IIT-B alumni Akshat Bansal and Aditya Dubey, who previously led the quick-commerce pivot at Blinkit, Ziffi Chess brings a fresh take on the game with its unique 2-minute, 6-move format. It allows players to compete in quick matches and win cash rewards. While games can be played for free, the tournament mode features a prize pool of Rs 350. After the government’s blanket ban on real-money online gaming, Ziffi Chess now allows users to play matches free of cost. Earlier, it charged an entry fee starting from Rs 10, according to a review on the App Store. In Ziffi’s first year of operations in FY24, it recorded an operating revenue of Rs 1.5 lakh while its expenses recorded at Rs 87.65 lakh. During the period, the company incurred a loss of Rs 86 lakh.

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