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SBC LLP raises pre-Series A funding at Rs 100 Cr valuation

EntrackrEntrackr · 4d ago
SBC LLP raises pre-Series A funding at Rs 100 Cr valuation
Medial

SBC LLP raises pre-Series A funding at Rs 100 Cr valuation SBC LLP, a multidisciplinary tax, consulting, and advisory firm, has closed its pre-Series A funding round at a valuation of Rs 100 crore (approximately $11.2 million). The round was co-led by Raju Menon and Suresh Katamreddy. The proceeds will be used to accelerate international expansion across the India–UAE–US corridor, develop proprietary AI-enabled technology platforms, and strengthen specialised advisory capabilities, SBC LLP said in a press release. Founded in 2017 by Mithilesh Reddy, the firm offers integrated services across transfer pricing, international taxation, M&A advisory, valuations, Global Capability Centre (GCC) incubation and managed services, and technology-enabled outsourcing. According to the Hyderabad-based company, it has made significant investments in proprietary technology, including AI-powered transfer pricing platforms, integrated litigation tracking systems, and automated compliance frameworks. The firm has also been recognised as a Notable Transfer Pricing Firm by ITR World Tax. SBC LLP plans to focus on three key initiatives: developing AI-enabled platforms to accelerate its pivot toward a “Service-as-a-Platform” model; expanding specialised advisory capabilities in cross-border transactions, ESG consulting, and GCC incubation and managed services; and establishing a presence in high-growth markets such as Saudi Arabia, Singapore, and the UAE. The company said it has grown to over 270 professionals across India, the UAE, and the United States, serving more than 350 clients, including multinational enterprises, private equity-backed companies, and Indian conglomerates.

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Emiza raises Rs 100 Cr in Series C round

EntrackrEntrackr · 1y ago
Emiza raises Rs 100 Cr in Series C round
Medial

Emiza raises Rs 100 Cr in Series C round Supply chain and warehousing startup Emiza has mopped up its Rs 100 crore (approximately $12 million) Series C funding round co-led by Evolvence India and Mirabilis Investment Trust. The round, which came at a valuation of Rs 400 crore (nearly $50 million), comprised a mix of primary and secondary investments, enabling exit for some early investors. The proceeds will be utilized to drive innovation, enhance warehouse technology, improve automation, and expand its footprint with new facilities, Emiza said in a press release. Co-founded in 2015 by Ajay Rao and Jitendra Kumar, Emiza provides logistics and delivery management solutions for e-commerce businesses. It offers warehousing and fulfillment solutions and uses technology and processes to optimize and manage the storage and distribution of inventory. Emiza states that it has emerged as a key enabler in this ecosystem, delivering customized warehousing and fulfilment solutions that elevate customer experiences and drive operational excellence for its partners. The company has recorded 40% year-on-year growth to Rs 102 crore during the fiscal year ended March 2024. However, the profits for the firm dwindled to Rs 2.6 crore in FY24, compared to Rs 4.98 crore in FY23.

Consulting startup Kayess Square raises Rs 10 Cr in pre-Series A

EntrackrEntrackr · 27d ago
Consulting startup Kayess Square raises Rs 10 Cr in pre-Series A
Medial

Kayess Square, a finance, risk, governance, and transaction advisory firm, has raised Rs 10 crore in a pre-Series A funding round led by Vakil Housing, with participation from Parthasarathy NS, Ramakrishna, Umashankar, Raveen Sastry, Vadiraj Katti, Suresh Pillay, Anand Narayanan, and others. The proceeds will be used to strengthen its core practice areas and enhance the quality of its advisory services, the company said in a press release. Co-founded in 2017 by Sathya Pramod and Shivadutt Bannanje, the Bengaluru-based firm operates at the intersection of finance, governance, transactions, and law. Kayess Square provides CFO advisory, M&A and transaction advisory, due diligence, valuation, risk management, tax advisory, and secretarial services to enterprises across stages and sectors. It supports businesses from early institutionalisation and capital raising to scaling operations. The firm primarily works with startups, growth-stage companies, and investors, offering transaction and M&A advisory, due diligence, and strategic investment support. These services are complemented by a fractional CFO platform and expertise in tax structuring, valuation, corporate and secretarial compliance, risk advisory, and legal contract management. In 2025, Kayess Square acquired the tax compliance and tax advisory division of Consark Advisory Services LLP, strengthening its direct and indirect tax capabilities. According to its website, it has executed more than 4,000 projects and served over 100 clients. Going ahead, Kayess Square plans to attract top-tier talent, deepen domain expertise, and selectively expand into key business geographies. The company aims to build a scaled, institution-led advisory platform to support investors and businesses navigating growth, capital, and governance in an increasingly complex regulatory environment.

ProcMart raises Rs 25 Cr in pre-Series B round

EntrackrEntrackr · 1y ago
ProcMart raises Rs 25 Cr in pre-Series B round
Medial

Business-to-business procurement marketplace ProcMart has raised Rs 25 crore ($3 million) in its pre-Series B round from Sixth Sense Ventures India. The board at ProcMart has issued 5,933 pre-series B CCPS at an issue price of Rs 42,127 each to raise Rs 25 crore, its regulatory filing soured from the RoC shows. Previously, the startup had raised $10 million in its Series A round led by Sixth Sense Ventures in November 2022. Following the fresh proceeds, Sixth Sense became the largest external stakeholder with 30% stake in ProcMart while its founder and chief executive officer Anish Popli will command 41.76% of the company. As per the startup data intelligence platform TheKredible, the latest capital injection has been done at a valuation, which is Rs 275 crore. Founded in 2015 by Anish Popli, the IndiaMART-backed startup provides supply chain solutions and infrastructure to businesses including services such as purchase order management, contract administration, master data management, e-catalogue management and market intelligence. ProcMart’s clients include Colgate, Mondelez, Harman, and Vedanta. It has 13 offices in India and one in Malaysia. The company also launched white-label in 2022 to provide construction equipment. The Noida-based company recently announced a strategic collaboration with local vendors in the biomass briquettes and pellets manufacturing sector. It competes with Lightspeed Ventures-backed Udaan in the B2B supply chain space.

MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round

EntrackrEntrackr · 9m ago
MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round
Medial

MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round Drone technology startup Garuda Aerospace has raised Rs 100 crore ($11.6 million) in its Series B funding round led by Venture Catalysts (VCAT) at a post-money valuation of $250 million. Previously, the firm had raised $22 million in its Series A round led by Venture Capital firm SphitiCap in February 2023. The fresh proceeds will be used to scale up drone manufacturing, enhance production capabilities, and complete an R&D and testing center focused on defense drone technology. Founded in 2015 by Agnishwar Jayaprakash, Garuda has grown to a team of over 200 members and manufactures 30 drone types while offering 50 services. Garuda currently holds over 20 patents and operates a fleet of over 400 drones with 500 trained pilots across 84 cities. It serves clients including government agencies and major corporations such as TATA, Reliance, and Adani. It has also partnered with global companies like Lockheed Martin and Elbit Systems. As per TheKredible, Garuda Aerospace’s revenue from operations grew by 2.3X to Rs 110 crore in FY24 from Rs 47 crore in FY23. Its net profit reached Rs 16 crore in FY24, a 2.7X increase from Rs 6 crore in the previous year. Garuda competes with the likes of ideaForge, Aarav Unmanned Systems, Throttle Aerospace Systems, General Aeronautics, and Omnipresent Robot Tech in the drone manufacturing and drone-as-a-service (DaaS) segment across defense, agriculture, and industrial applications.

Ice cream brand Hocco raises Rs 115 Cr at Rs 2,000 Cr valuation

EntrackrEntrackr · 4m ago
Ice cream brand Hocco raises Rs 115 Cr at Rs 2,000 Cr valuation
Medial

Ice cream brand Hocco raises Rs 115 Cr at Rs 2,000 Cr valuation Premium ice cream brand Hocco has raised Rs 115 crore (around $13 million) in a fresh funding round led by existing backer Sauce.vc, taking the company’s valuation to Rs 2,000 crore. The funding comes less than three months after the firm raised $10 million in its Series B round led by Chona Family Office and Sauce.vc. It had also raised $12 million in its Series A round from the same investors at a valuation of Rs 600 crore ($70 million) in June last year. The fresh proceeds will be used towards expanding manufacturing capacity, strengthening cold-chain and logistics, scaling new product innovation, and extending its footprint across India and select global markets. By summer 2026, Hocco plans to reach 3 lakh litres in daily production capacity, making it one of the largest and most advanced ice cream manufacturing setups in the country. Founded by the Chona family, Hocco offers products across retail stores, quick commerce platforms, and out-of-home touchpoints. Its product line includes various flavours, formats, and packs designed for everyday use and modern retail channels. Hocco has built traction among consumers across retail, quick commerce, and travel-linked outlets through its ingredients, flavours, and distribution models. Hocco recently said it closed FY25 with revenue of Rs 220 crore. However, it did not comment on its loss numbers. According to startup data intelligence platform TheKredible, the company reported revenue of Rs 32.38 crore in FY24 with a Rs 20.23 crore loss. Besides legacy players such as Amul, Vadilal, and Hindustan Unilever (HUL), Hocco competes with new-age ice cream brands such as Walko Foods’ NIC, Hangyo, Go Zero, NOTO Ice Cream, among others.

Exclusive: Finnable to raise Rs 250 Cr in new round

EntrackrEntrackr · 4m ago
Exclusive: Finnable to raise Rs 250 Cr in new round
Medial

Exclusive: Finnable to raise Rs 250 Cr in new round Digital lending platform Finnable is set to raise Rs 250 crore (approximately $29 million) in its pre-series C round from Matrix Partners, TVS Capital, and India Nippon Electricals Limited. The company has passed a board resolution and allotted 3,35,238 Pre-Series C preference shares at an issue price of Rs 3,788.35 each and secured Rs 127 crore or $14.7 million. During the first tranche of the pre-series C round of Rs 127 crore, Matrix Partners has injected Rs 125 crore, while India Nippon pumped in Rs 2 crore. The remaining funds are expected to be infused shortly, completing the round. The development comes six months after Ranjan Pai’s family office invested Rs 40 crore in the company. According to Entrackr’s estimates, the company would be valued at Rs 1,300 crore or $150 million post-money. Before this round, MEMG Family Office LLP held 18.69% in Finnable, while Matrix Partners India and TVS Shriram Growth owned 14.53% and 8.05%, respectively. Co-founder and CEO Nitin Gupta retained over 24%. The cap table is set to shift with the fresh infusion from Matrix and TVS, alongside dilution of the founders’ stake. Founded in 2016 by ex-bankers Nitin Gupta, Amit Arora, and Viraj Tyagi, Finnable is a Bengaluru-based fintech startup offering personal loans to salaried professionals. The company is at the AUM of Rs 3,000 crore and has served over 2.7 lakhs customers. Finnable has yet to file its FY25 numbers. In FY24, the company posted a revenue of Rs 181.7 crore with losses of Rs 5.88 crore.

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