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Snap-E Cabs raises $2.5 Mn in bridge round led by IPV

EntrackrEntrackr · 3m ago
Snap-E Cabs raises $2.5 Mn in bridge round led by IPV
Medial

Snap-E Cabs raises $2.5 Mn in bridge round led by IPV Snap-E Cabs, an electric mobility startup, has raised $2.5 million in a bridge round led by Inflection Point Ventures, with participation from ah! Ventures and angel investors including Shish Kharesiya, Praveen Chand, and Jaspreet Kaur. Earlier in February last year, the startup had raised $2.5 million in pre-Series A funding from Inflection Point Ventures, which supported its entry into Delhi through a partnership with Rapido, deploying 200 cars in the last three months. The proceeds will be used for product development, leasing more EV cars, and expanding operations in Delhi NCR. Founded in 2022 by Mayank Bindal and Mahendra Bindal, Snap-E Cabs operates as an EV-first ride-hailing platform while also leasing EV cars to fleet operators. Snap-E owns 100% of its fleet and has set up its own EV charging infrastructure. It currently runs 1,112 EV cars and serves more than 1.2 million paying users. Over the next year, Snap-E plans to add another 1,000 cars to bridge the supply gap in EV ride-hailing. The company claims to have achieved EBITDA profitability in January 2025. Snap-E operates in a competitive EV mobility market, going up against players like Uber, Ola, Rapido, Evera Cabs, and BluSmart. Unlike demand aggregators, Snap-E is pursuing a supply-led infrastructure model with exclusive charging hubs and full fleet ownership.

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Xovian Aerospace raises $2.5 Mn led by Piper Serica and TurboStart

EntrackrEntrackr · 4m ago
Xovian Aerospace raises $2.5 Mn led by Piper Serica and TurboStart
Medial

Snippets Xovian Aerospace raises $2.5 Mn led by Piper Serica and TurboStart Spacetech startup Xovian Aerospace has raised $2.5 million in a pre-seed funding round led by Piper Serica and TurboStart, with participation from Inflection Point Ventures (IPV) and Eaglewings Ventures. The proceeds will be used to support the development of AI-native radio frequency (RF) satellite infrastructure and enable space trials planned by year-end. Xovian is building a constellation of RF nanosatellites that offer real-time signal intelligence by capturing and decoding dynamic signals unlike traditional satellites that rely solely on optical data. Its platform serves industries such as maritime, aviation, defence, oil & gas, and weather forecasting by providing continuous RF data fused with AI-powered decision intelligence. With pilot discussions underway in Southeast Asia and the Middle East, Xovian’s vertically integrated model offers low-latency, high-fidelity insights, claiming to generate up to six times more data value per dollar than conventional systems. According to data from intelligence platform TheKredible, more than a dozen spacetech startups have collectively raised around $21 million in 2025. The list includes names like OrbitAid, InspeCity, and Sisir Radar, among others.

Dronetech startup TechEagle raises bridge round

EntrackrEntrackr · 1y ago
Dronetech startup TechEagle raises bridge round
Medial

On-demand drone delivery and logistics firm TechEagle has raised funds from Paytm founder Vijay Shekhar Sharma, Navam Capital and Inflection Point Ventures (IPV) in its bridge round. Earlier to this round, TechEagle raised $500K in its seed funding round led by India Accelerator in 2021. The bridge round, which is undisclosed, also saw participation from Venture Catalysts and a group of high-net-worth individuals. The proceeds will be used to fuel the company’s efforts to launch higher payload drones for mid-mile and inter-city deliveries, the company said in a press release. Founded in 2017 by Vikaram Singh Meena and Anshu Abhishek, TechEagle is a drone logistics startup that enables on-demand autonomous drone delivery for its clients. With a focus on beyond visual line of sight (BVLOS) drone operations, TechEagle caters to last-mile logistics in urban and semi-urban areas.

Conscious Chemist raises $1.8 Mn in bridge round led by Atomic Capital

EntrackrEntrackr · 18d ago
Conscious Chemist raises $1.8 Mn in bridge round led by Atomic Capital
Medial

Skincare brand Conscious Chemist has raised Rs 15 crore (about $1.8 million) in a bridge round led by Atomic Capital. The round also saw participation from First Port Capital and IPV International. In February 2024, Conscious Chemist had raised Rs 1 crore in debt capital from Recur Club. The company was also featured in Shark Tank India Season - III but did not get any funding from there. The proceeds will be used to strengthen its leadership team, scale inventory and marketing operations, and invest in product innovation and research. It is also preparing to expand into new categories including scalp and hair care. Founded in 2021 by Robin Gupta and Prakher Mathur, Conscious Chemist operates in the active-first skincare segment with a portfolio of more than 30 products across acne care, sunscreens, cleansers and serums. The brand focuses on science-backed formulations using ingredients such as salicylic acid, peptides, ceramides, and retinol. Over the last 12 months, Conscious Chemist claims to have reported 3x revenue growth and has turned profitable at the CM3 level. The brand claims 75% gross margins and a customer base of over 2.5 million users, with a retention rate nearly twice the industry average. Quick-commerce channels including Blinkit, Instamart and Zepto have contributed to a three-fold growth in sales. The startup is now targeting an ARR of Rs 500 crore over the next 24–36 months while maintaining profitability.

MangoPoint raises $1 Mn in pre-Series A round led by IPV

EntrackrEntrackr · 4m ago
MangoPoint raises $1 Mn in pre-Series A round led by IPV
Medial

MangoPoint raises $1 Mn in pre-Series A round led by IPV Chennai-based agritech exporter MangoPoint has secured $1 million in a pre-Series A funding round led by Inflection Point Ventures (IPV), with participation from The Chennai Angels, Native Angel Network, Keiretsu Forum India, Fondation Botnar, IIM-CAN, Metis Family Office, and JITO Incubation and Innovation Foundation. The fresh funds will be used to scale infrastructure, expand into new markets, strengthen backend operations, and diversify product offerings. Founded in 2018 by Manjula Gandhi Rooban and Prasanna Venkatarathnam, MangoPoint is a premium exporter of chemical-free, single-origin Indian mangoes and processed mango products, primarily serving North America and Europe. The startup handles over 2,000 metric tonnes of mangoes annually and plans to scale this tenfold to 20,000 MT in the coming years. It has APEDA and NPPO-recognized packhouses, and FDA clearance for exports to key international markets. As per the market research, the global mango industry is valued at $60 billion, with India contributing $20 billion, growing at 4.9%–8% CAGR.

Regional OTT app Stage raises $12.5 Mn in Series B

EntrackrEntrackr · 9m ago
Regional OTT app Stage raises $12.5 Mn in Series B
Medial

Regional OTT app Stage raises $12.5 Mn in Series B Regional language-focused over-the-top (OTT) platform Stage has raised $12.5 million in its Series B round led by Good Water and Blume Ventures. The round also included $2.5 million worth of secondaries for some angel investors such as Harsh Shah (co-founder of Fynd), Aayush Phumbra (founder Chegg). Physis Capital, Mumbai Angels, The Chennai Angels, Venture Catalysts, IPV and other existing investors also participated. Launched in November 2019 by Vinay Singhal, Shashank Vaishnav, and Parveen Singhal, Stage serves as a hyper-localized OTT platform, offering trending, entertaining, and informative material in various languages and dialects, including Haryanvi and Rajasthani. The firm claims to have 20 million users and over 4.4 million paying subscribers. For the fiscal year ending in March 2024 (FY24), Stage reported a six-fold jump in its revenue to Rs 17.9 crore, while it managed to reduce its losses by 4% to Rs 22.1 crore. According to the company, its current ARR stands at Rs 180 crore. In the regional OTT players, it has competitors like aha video, Chaupal, Planet Marathi, and OM TV.

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