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Sistema.bio secures $15 Mn to accelerate global expansion

EntrackrEntrackr · 9m ago
Sistema.bio secures $15 Mn to accelerate global expansion
Medial

Sistema.bio, a biogas-tech company, has successfully raised $15 million in a funding round led by ElectriFI, managed by EDFI Management Company. Existing investors, including Chroma Impact Investment, KawiSafi Ventures, AXA IM Alts, and others, also participated in this round. The funds will be used to scale operations, enhance technology, and improve customer service. Founded in 2010, Sistema.bio manufactures advanced digesters that enable farmers to convert waste into renewable energy and organic fertilizer. The company focuses on carbon mitigation and climate change adaptation, using IoT-supported Measurement, Reporting, and Verification (MRV) programs. Their technology transforms animal waste into clean biogas for cooking and electricity, while producing nutrient-rich biofertilizer. Operating across three continents, Sistema.bio has impacted over 100,000 farms and more than 600,000 people, reducing CO2 emissions by over 1 million tons annually. With more than 100,000 biogas units installed in over 35 countries, Sistema.bio is recognized as a leader in integrated renewable energy and agricultural technology for small-scale agriculture.

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Amazon-backed ToneTag secures $78 Mn after 7-year hiatus

EntrackrEntrackr · 5m ago
Amazon-backed ToneTag secures $78 Mn after 7-year hiatus
Medial

Amazon-backed ToneTag secures $78 Mn after 7-year hiatus Contactless payment solution provider ToneTag has raised $78 million in its Series B2 funding round. The funding is a combination of primary and secondary capital and is led by ValueQuest S.C.A.L.E. Fund and its co-investors who have committed over 50% of the fundraise. Existing investor Elevate Innovation Partners LLC are also participating in this round. This investment will enable ToneTag to revamp customers' payment experiences and accelerate its global expansion, the company said in a press release. The Bengaluru-based company has secured a new funding round after nearly seven years, making it one of the few startups to raise capital after such a long hiatus. Founded by Kumar Abhishek, ToneTag provides three product categories for businesses: voice commerce, online store solutions, and in-store solutions, tailored for retail and F&B sectors. Through its Oyeti platform, the company enables businesses to integrate voice-powered shopping, ordering, and payment experiences. For customers, its VoiceSe UPI payment service allows voice-based transactions even without an internet connection. ToneTag processes over 30 million transactions daily using its unique soundwave technology. This allows secure payments through sound, making it easy to use even without the internet. Big companies like Google and Amazon, along with major Indian banks like SBI and ICICI, trust ToneTag for their payment solutions. According to data intelligence platform TheKredible, ToneTag’s revenue from operations jumped 111.7% to Rs 47.78 crore during FY24 in contrast to Rs 22.57 crore generated in FY23. The firm also achieved profitability for the first time since its inception in 2014. Among contactless payment solution providers, ToneTag competes with Paytm, PhonePe, PineLabs, BharatPe, and MobiKwik et al.

Infra.Market secures $150 Mn from Mars Growth Capital

EntrackrEntrackr · 17d ago
Infra.Market secures $150 Mn from Mars Growth Capital
Medial

Infra.Market secures $150 Mn from Mars Growth Capital Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market provides end-to-end building materials solutions and serves both institutional (B2B) and retail (B2R) segments. Building materials marketplace Infra.Market has secured a $150 million debt financing facility from Mars Growth Capital, a joint venture between Liquidity Group and MUFG Bank. The latest infusion includes a $50 million top-up to an existing $100 million facility, which has also been extended by another five years. This marks Infra.Market’s second major funding deal in 2025. Earlier this year, the Mumbai-based company raised around $125 million in a Series D round from existing investor Tiger Global. Founded in 2016 by Souvik Sengupta and Aaditya Sharda, Infra.Market provides end-to-end building materials solutions and serves both institutional (B2B) and retail (B2R) segments. The company claims to be the second-largest player in India by revenue in the ready-mix concrete (RMC) segment and the second-largest by capacity in autoclaved aerated concrete (AAC) blocks and flooring tiles. Infra.Market said it is targeting India’s $255 billion construction materials market and is rapidly expanding its footprint. The platform currently offers more than 15 product categories and has a presence across over 10,000 retail touchpoints, with more than 250 manufacturing partnerships. It also has investments in brands such as RDC Concrete, Shalimar Paints, Emcer, Millennium Tiles, and Amstrad. Backed by investors such as Tiger Global, Accel, Nexus Venture Partners, and Evolvence, Infra.Market was last valued at around $2.5 billion. The company also made headlines in 2022 when it acquired a majority stake in RDC Concrete for around Rs 1,000 crore. Infra.Market’s consolidated gross revenue grew to Rs 14,530 crore in FY24 from Rs 11,847 crore in FY23. Its profit also saw a 2.4X jump to Rs 378 crore in FY24. Infra.Market’s competitors OfBusiness, Zetwerk, and Moglix recorded gross revenues of Rs 19,296 crore, Rs 14,436 crore, and Rs 4,964 crore, respectively, during FY24.

CRED’s competitor CheQ secures $4.5 Mn

EntrackrEntrackr · 1y ago
CRED’s competitor CheQ secures $4.5 Mn
Medial

B2B credit management platform CheQ has raised Rs 35 crore or $4.2 million in its extended seed round from new and existing investors. The funding for the Bengaluru-based firm came after a gap of 18 months. The board at CheQ has passed a special resolution to issue 12,952 Seed1 cumulative convertible preference shares at an issue price of Rs 26,989 each to raise Rs 35 crore, its regulatory filing accessed from the Registrar of Companies (RoC) shows. 3one4 Capital invested Rs 12.49 crore while Venture Highway Fund and Multiply Ventures pumped in 6.24 crore and 2.08 crore, respectively. Individual investors including Lloyd Dizon Balajadia, Madhav Prakash Sehth, Vishal Gupta, and Deepk Tuli have collectively put in Rs 14.2 crore. As per filings, the company will use these funds for growth, expansion, marketing, and general corporate purposes as decided by the board. In June 2022, CheQ raised $10 million in Seed funding led by Venture Highway and 3one4 Capital. Following the fresh proceeds, 3one4 Capital holds 10.95% of the company while Venture Highway and Multiply Ventures command 11.45% and 2.49% respectively. It’s worth noting that these holdings exclude employee stock options and the firm’s cap table when we factor in the ESOP pool component. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 451 crore or $55 million (post-money) in the new funding round. Founded in 2022 by Aditya Soni, CheQ helps customers simplify the discovery and management of all credit products and allows you to pay your credit card bill, and EMI on a single platform. The startup has raised $15 million to date including its $10 million seed round led by Venture Highway and 3one4 Capital in June 2022. CheQ remained a pre-revenue stage firm with a revenue of only Rs 2 crore during the fiscal year ended March 2023. However, the losses for the three-year-old firm stood at Rs 19.4 crore in the same period. CheQ competes with fintech unicorn CRED which has secured around $1 billion to date and was valued at $6.4 billion in its last fundraise. According to the startup data intelligence platform TheKredibe, it posted Rs 1,400 crore in revenue with a loss of Rs 1,347 crore during FY23.

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