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ShopClues co-founder Radhika Ghai’s startup kindlife.in raises $8 Mn in Series A

EntrackrEntrackr · 11m ago
ShopClues co-founder Radhika Ghai’s startup kindlife.in raises $8 Mn in Series A
Medial

Kindlife.in, a platform for beauty, wellness and health, has raised $8 million in its Series A round led by JB-Dooeun TK Fund and MIXI Global Investments, with participation from Kalaari Capital and some angel investors. Previously, Kindlife had raised $2.5 million in seed funding from Kalaari Capital, Titan Capital, Java Capital, and others in November 2021. This capital will enable Kindlife to build a strong connection between Korea, Japan, and India, the company said in a press release. Its community includes thousands of beauty creators who share recommendations and take a content-first approach, educating consumers on the latest K-beauty trends. Entrackr had exclusively reported about Kindlife’s launch back in September 2021. Founded by ShopClues co-founder Radhika Ghai, Vidit Jain, and Manasa Garemella, kindlife uses proprietary AI technology to help Gen Z consumers discover personalised skincare and wellness routines and products. The platform also provides exclusive and priority access to popular and trending global beauty brands, including Korean and Japanese brands. Capitalising on the surging popularity of K-beauty, fueled by the Hallyu wave, Kindlife aims to cater to India’s rapidly growing K-beauty market. In the ongoing calendar year, the firm plans to launch over 20 Korean and Japanese beauty brands on its platform.

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Beacon.li raises $7 Mn in Series A round

EntrackrEntrackr · 4m ago
Beacon.li raises $7 Mn in Series A round
Medial

Enterprise tech startup Beacon.li has raised $7 million in its Series A round led by Sorin Investments, with participation from Athera Venture Partners, JAFCO Asia, Unicorn India Ventures, and angel investors including Capillary Technologies founder Aneesh Reddy, Rapido co-founder Aravind Sanka, and Kapil Bharti. The proceeds will be used to expand AI capabilities, increase global presence, and boost enterprise automation. Founded in 2023 by Silus Reddy and Rakesh Vaddadi, Beacon.li offers AI-driven product assistants for enterprise software support, integrating with systems to automate processes and answer queries. Customers include Darwinbox, Zluri, Keka HR, and Planful. Co-founded by former KKR India head Sanjay Nayar, Sorin Investments closed its maiden fund at Rs 1,350 crore in May last year.

LoanKuber raises $3.5 Mn led by TRTL VC, IPV, others

EntrackrEntrackr · 10m ago
LoanKuber raises $3.5 Mn led by TRTL VC, IPV, others
Medial

Mortgage brand LoanKuber, which operates Janasha Finance, has raised $3.5 million in a pre-Series B round led by Singapore-based TRTL VC and existing backer Inflection Point Ventures. The round also saw participation from Auxano, LetsVenture, Mavuca Capital as well as angel investors such as Ruchi Deepak (co-founder, Acko), Prashant Tandon (co-founder, 1mg) and Pankaj Vermani (co-founder, Clovia). Earlier in February last year, the startup had raised $2 million in Series A round led by Inflection Point Ventures and others. It has raised $13 million to date. The proceeds will be used for expanding its assets under management (AUM), which currently stand at approximately Rs 93 crore. It will also be deployed in technological infrastructure and help strengthen its leadership team. Founded in 2017 by Saurabh Nagpal, LoanKuber provides customised mortgage loans to undeserved MSMEs. It claims to build an automated institutional co-lending platform for micro-mortgages allowing for competitive pricing to the end customer while generating significantly higher yields on its own NBFC balance sheet. The company has created hybrid acquisition channels that include a digital connector platform, lead generation platform, and low-cost branches reducing customer acquisition costs by 30%. According to LoanKuber, it has put strong focus on unit metrics/capital efficiency and frugal operations has helped LoanKuber build a profitable business since inception. With the net worth now increasing to around Rs 51 crore, LoanKuber plans to scale its AUM to approximately Rs 180 crore within the next 12 months.

Seekho app raises $8 Mn in Series A led by Lightspeed

EntrackrEntrackr · 6m ago
Seekho app raises $8 Mn in Series A led by Lightspeed
Medial

Learning-focused OTT platform Seekho has raised $8 million in its Series A round, with Lightspeed leading the investment, according to a LinkedIn post by the company’s founder and CEO, Rohit Choudhary. The round also saw participation from Elevation Capital. Previously, the Bengaluru-based startup raised $3 million from Elevation and other investors in March of last year. Entrackr exclusively reported about the deal in September. “This is a testament to the trust our users, team, and investors place in us as we build India's go-to short video platform for Lifelong Learning,” said Choudhary via Linkedin post. While the company did not provide many details about the round, it was expected to be valued at around $45 million. Founded in 2020 by Choudhary, Keertay Agarwal, and Yash Banwani, Seekho helps individuals acquire new skills and knowledge. The platform offers a variety of courses to prepare learners for careers in fields such as parenting, the stock market, Instagram, and education, among others. Targeting audiences in tier-II cities and beyond, Seekho delivers educational content through short 2-5 minute videos in episodic series. The platform provides flexible subscription plans, with weekly and monthly options starting at Rs 149. According to startup data intelligence platform TheKredible, Elevation Capital acquired nearly a 24% stake in the company after the pre-Series A round. All three co-founders held 16.65% stake each as of that round. As per Entrackr's sources, Seekho is expected to dilute 20% of its equity in the Series A financing round.

ProsParity raises $2 Mn pre-seed round from BEENEXT, others

EntrackrEntrackr · 1y ago
ProsParity raises $2 Mn pre-seed round from BEENEXT, others
Medial

Fintech startup ProsParity has raised $2 million in its pre-seed round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. Angel investors like Dr Ashish Gupta (co-founder of Junglee and Helion Ventures), Raj Dugar (ex-Eight Roads Ventures), Dhyanesh Shah (co-founder of Mosaic Wellness), Abhishek Goyal (co-founder of Tracxn) and Nitin Kaushal (co-founder of Country Delight) also participated in this round. The funds will be used for building proof of concept, technology, and expanding origination networks, starting with central India. ProsParity is also building a comprehensive partnership network across original equipment manufacturers (OEMs), fleet operators, dealerships, and lenders. Founded by Saurabh Khodke and Anirudh Dhakar, ProsParity is an end-to-end electric mobility financing platform that focuses on compliance, scalability, and agility for lenders, while easing access to financing relationships for EV dealers and OEMs to enable financing for their end-customers. Through its proprietary platform and approach of origination, the firm aims to aggregate the demand for financing on a single platform for the lenders to channelize their capital in the emerging EV financing asset class.

Sunil Shetty-backed Regrip raises $2 Mn in new round

EntrackrEntrackr · 1y ago
Sunil Shetty-backed Regrip raises $2 Mn in new round
Medial

Bollywood actor Suniel Shetty and IT ministry-backed startup Regrip has raised $2 million about Rs 16.7 crore, in a funding round co-led by Qatar-based venture capital Sirious One, Inflection Point Ventures, and Let’s Venture. The round also saw participation from a host of angel investors, including EaseMyTrip’s co-founder Rikant Pitti, TIE Angels chairman Mahavir Pratap Sharma and Shobitam’s co-founder Aparna Thyagarajan among others Regrip has also provided exit to seed investor IIMA Ventures. The proceeds will be used to fuel the expansion of this innovative technology deployment with tyre companies and further enhance Regrip’s collection network for discarded tyres. It plans to ramp up its impact on the environment by revitalizing discarded tyres, reducing waste, and maximizing their lifespan. Founded by Tushar Suhalka, Regrip is building a network of discarded tyre collection centres. The startup uses quality-grade rubber to make refurbished tyres through shearing and retreading processes.

Ultrahuman raises $35 Mn in Series B round

EntrackrEntrackr · 1y ago
Ultrahuman raises $35 Mn in Series B round
Medial

Wearable tech startup Ultrahuman has raised $35 million in a mix of debt and equity in its Series B round from Blume Ventures, Steadview Capital, Nexus Venture Partners, and Alpha Wave. The fresh investment also saw participation from Zomato’s founder and chief executive Deepinder Goyal. Post this, Ultrahuman has secured around a total of $60 million, including the $17.5 million Series A financing led by Alpha Wave in 2021. Entrackr had exclusively reported the fundraise then. Ultrahuman will use the fresh proceeds to build further manufacturing capacity and deeper research in health tracking, the company said in a press release. Started by Mohit Kumar and Vatsal Singhal, Ultrahuman is a self-quantification platform that provides smart ring called Ring Air, glucose monitoring wearable M1 Live, and blood testing product called Blood Vision, among others. For the uninitiated, Kumar and Singhal were also co-founders of Runnr, which later merged with Zomato in September 2017. According to Ultrahuman, it became the second-largest player in the smart ring market while maintaining profitability in the last 12 months. The company also grew rapidly and expanded into over 150 retail outlets worldwide, including locations like London’s Selfridges on Oxford Street, Changi airport in Singapore, and the Virgin megastore in Dubai. Ultrahuman registered a fourfold growth to Rs 30 crore in FY23 from Rs 7.38 crore in FY22. According to the startup data intelligence platform TheKredible, the firm witnessed a 20.3% increase in its losses to Rs 71 crore in the same period. As of Series A round, Nexus was the largest external stakeholder in Ultrahuman with 20.12% shares followed by Alpha Wave and Blume with 11.14% and 8.89% stakes, respectively. Its co-founders Mohit Kumar and Vatsal Sinhgal hold 38.27% of the company. Check TheKredible for more details. Globally, Ultrahuman competes with the likes of Levels Health, Super Sapiens and Oura.

Exclusive: Slice raises $8.6 Mn from CEO Rajan Bajaj

EntrackrEntrackr · 8m ago
Exclusive: Slice raises $8.6 Mn from CEO Rajan Bajaj
Medial

Consumer lending and payments startup Slice has raised Rs 71.7 crore (approximately $8.6 million) from its founder and CEO, Rajan Bajaj, via partly paid-up shares. This follows the company’s recent Rs 300 crore debt funding round, raised through convertible debentures co-led by Taneja Family Trust, Anju Family Personal Trust, UK2 Family Trust, and MN Family Trust. According to a special resolution passed by Slice’s board, 22,000 equity shares will be issued at an issue price of Rs 32,606 each, as per the company’s regulatory filing with the Registrar of Companies. Bajaj’s investment will be completed in one or more tranches and is designated for general business purposes. Slice offers a physical and virtual card aimed at millennials, allowing students and salaried professionals to purchase products and services online with collateral-free EMIs through its app, while also helping users build credit scores. The Bengaluru-based company has raised nearly $400 million in funding, including a $220 million Series B round led by Tiger Global and Insight Partners. According to TheKredible, Tiger Global is the largest stakeholder, followed closely by Insight Partners. See TheKredible for the complete shareholding pattern. While FY24 numbers are yet to be disclosed, Slice saw threefold growth in FY23, with revenue climbing to Rs 847 crore from Rs 283 crore in FY22. However, in pursuit of growth, Slice’s losses up by 59.8%, to Rs 406 crore in FY23 compared to Rs 254 crore in FY22. In 2024, several startup founders and executives have reinvested in their companies. Recently, Yubi founder and CEO Gaurav Kumar invested $30 million in his startup, while Oyo founder Ritesh Agarwal contributed $100 million through his Singapore-based entity, Patient Capital. Co-founders of EV firm Ather Energy, Tarun Mehta and Swapnil Jain, also invested $10 million in their company. Omnichannel jewelry startup Giva also raised an undisclosed sum from its senior management.

The Unicorn Club: Founders Behind Multiple Billion-Dollar Ventures

StartupTalkyStartupTalky · 1y ago
The Unicorn Club: Founders Behind Multiple Billion-Dollar Ventures
Medial

This article highlights the success stories of several Indian entrepreneurs who have founded multiple unicorn startups. These individuals have demonstrated remarkable vision, determination, and innovation in their respective fields, leading to the rapid growth and valuation of their companies. Some of the notable entrepreneurs mentioned include Bhavish Aggarwal (founder of Ola Cabs and Ola Electric), Amitava Saha (co-founder of FirstCry and CEO of Xpressbees), Supam Maheshwari (CEO of FirstCry), Naveen Tewari (founder of InMobi), Asish Mohapatra (CEO of OFB Tech Pvt. Ltd), Ruchi Kalra (co-founder of OFB Tech Pvt. Ltd and Oxyzo Financial Services), Sandeep Aggarwal (founder of Droom Technologies and Shopclues), and Vijay Shekhar Sharma (founder & CEO of One97 and Paytm). With their remarkable achievements, these entrepreneurs have not only made a significant impact in the business landscape but also serve as inspiration for aspiring entrepreneurs.

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