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F&B startup Nuvie raises $450K in pre seed round led by PedalStart

EntrackrEntrackr · 1m ago
F&B startup Nuvie raises $450K in pre seed round led by PedalStart
Medial

Snippets F&B startup Nuvie raises $450K in pre seed round led by PedalStart F&B startup Nuvie has raised $450K (about Rs 3.8 crore) in its maiden pre seed funding round led by startup accelerator PedalStart, along with participation from Mukesh Bansal (founder of Myntra, Cult.fit, and Nurix), Ayyappan R, Chanakya Gupta, and Arun Sharma. The proceeds will be allocated towards new product development, brand building initiatives, content creation, expanding distribution, and unlocking growth opportunities. Co founded in May 2024 by Prashant Paliwal and Hem Narayan, Nuvie aims to redefine healthy eating in India with “better for you” products such as improved milkshakes and chocolates that make wellness enjoyable and accessible. Its approach is to break the stigma and seriousness often associated with health, making it feel effortless, enjoyable, and part of a natural lifestyle. Having launched its lactose free Ready to Drink Protein Shake in three flavours, it is now introducing five new shake variants. The product pipeline also includes innovative offerings like a protein chocolate bar, a healthier spin on traditional chocolates, and protein infused cold coffee, or “Proffee.” Nuvie says it has expanded its footprint and is now available in more than 100 premium retail stores across major metros like Delhi, Mumbai, Hyderabad, and Chennai. Its products are also present in over 200 gyms and are reaching customers nationwide through key quick commerce platforms such as Blinkit, Instamart, and BigBasket. The brand is focused on scaling its online presence via its own website and quick commerce channels. The Bengaluru based startup claims to have seen strong early traction, clocking over Rs 10 lakh in monthly revenue from its very first month of launch. It is now aiming to close CY 2025 at an ARR of Rs 10 crore.

Shoe care brand SHOEGR raises $100K from PedalStart

EntrackrEntrackr · 4m ago
Shoe care brand SHOEGR raises $100K from PedalStart
Medial

Mohali-based shoe care brand SHOEGR has raised $100K in a pre-seed round from early-stage startup accelerator PedalStart. The proceeds will be used to grow and scale its product portfolio, improve market and end-user reach, and strengthen its awareness-building initiatives. Additionally, the funds will be used to ramp up SHOEGR’s direct-to-consumer (D2C) presence by enhancing the e-commerce experience on its own website and facilitating new retail partnerships to allow its products to reach a wider audience. Co-founded by Saurabh Gupta, Anuj Sachdeva, and Ankit Roy, SHOEGR has introduced an extensive range of shoe cleaning, protection, and storage solutions. Apart from its website, SHOEGR currently sells its products via platforms like Amazon, Flipkart, Myntra, and Ajio. Notably, in October last year, SHOEGR claims to have achieved Rs 50 lakh monthly sales and is projected to cross Rs 1 crore monthly sales in FY26.

Exclusive: Proptech startup HouseEazy raises $4 Mn in Series A

EntrackrEntrackr · 10m ago
Exclusive: Proptech startup HouseEazy raises $4 Mn in Series A
Medial

HouseEazy, an online marketplace for pre-owned homes, has raised Rs 33.5 crore (around $4 million) in Series A led by Chiratae Ventures Fund with participation from Veena Jindal, Antler Innovation Fund, and IA Growth Opportunities Fund. The board at HouseEazy has issued a total of 3,915 shares at a face value of Rs 10 and premium of Rs 85,666 on preferential basis and by way of private placement, the company’s regulatory filings with Registrar of Companies show. Chiratae Ventures has invested Rs 29.62 crore, whereas Antler Innovation Fund invested Rs 2.86 crore. IA Growth Opportunities Fund and Veena Jindal invested Rs 76.25 lakh and Rs 29 lakh respectively. As per startup data intelligence platform TheKredible, HouseEazy has reached a valuation of Rs 156 crore post money (over $18 million). The company may raise more funds in this round and the valuation will vary accordingly. In December 2023, HouseEazy raised $1 million in a seed round led by Antler and picked up $370,000 in pre seed funding in June 2022. Founded in 2021 by Tarun Sainani and Deepak Bhatia, HouseEazy is building a full-stack, data driven technology platform to provide the best prices and instant liquidity to sellers and title-checked, refurbished, ready-to-move-in homes to buyers. The Noida-based company says that it uses a proprietary machine-learning algorithm with over 1.25 million data points to provide real-time price offers, eliminating the need for multiple meetings & negotiations for sellers. In December, HouseEazy claimed that it reached an ARR of Rs 250 crore (GMV) while maintaining profitability. The firm expects to hit Rs 1,000 crore ARR by March 2025 from the NCR market alone. For the fiscal year ending March 2023 (FY23), HouseEazy registered Rs 2.78 crore in operating revenue with Rs 44 lakh in loss.

Fintech startup QuiD Cash raises $4.5 Mn in pre-Series A round

EntrackrEntrackr · 7m ago
Fintech startup QuiD Cash raises $4.5 Mn in pre-Series A round
Medial

Supply chain fintech startup QuiD Cash has raised $4.5 million (around Rs 38.23 crore) in its pre-Series A round from a host of angel investors, including Piyush Jain and existing backer MINTCAP. Earlier in 2024, QuiD had raised Rs 5 crore in its pre-seed funding led by Mint Cap Enterprises and Stone Park Capital. The proceeds will be used for technology enhancement and business growth. The firm has also launched QuiD Capital, an NBFC designed to facilitate anchor-led invoice financing. Founded by Subhash Gupta and Vikram AG, QuiD Cash provides tech-based financial solutions through its B2B supply chain platform. It serves around 8,000 users and partners with over 20 major companies in the FMCG, automotive, pharmaceuticals, and agriculture industries. These companies handle transactions worth Rs 50 crore to RS 250 crore every month. The firm operates with a team of 40 employees and plans to expand to 50 people next year. It aims to onboard 5 lakh retailers in the next two years.

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