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Sneaker platform Culture Circle raises $2 million
Inshorts
·
8m ago
Medial
Sneakers focussed ecommerce platform Culture Circle has raised $2 million in its seed funding round led by Info Edge Ventures. The round also saw participation from angel investors. The startup plans to use the capital to scale its operations globally, enhance technology, and reinforce its position as a digital marketplace for hyper-luxury goods.
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Culture Circle raises $2 Mn from Info Edge Ventures
Entrackr
·
8m ago
Medial
Culture Circle, a marketplace for sneakers and streetwear, has raised $2 million in its seed round led by Info Edge Ventures, along with participation from angel investors. The proceeds will be used to expand its collection further, strengthen our authentication technology, and continue building the luxury fashion community. Founded in 2023 by Devansh Jain Nawal and Ackshay Jain, Culture Circle is a luxury e-commerce platform boasting a network of over 3,500 sellers and a catalog of 3.5 million listings. The platform specializes in premium products, including sneakers, streetwear, and high-end fashion items such as bags, blazers, backpacks, and cardholders. Culture Circle features offerings from iconic brands like Nike, Yeezy, Dior, Supreme, Common Projects, and Louis Vuitton, among others. Headquartered in Delhi NCR, the startup has recently ventured into six international markets—Qatar, Oman, the UAE, Singapore, the UK, and Thailand—through a pilot program aimed at global expansion. Through its proprietary SourceX platform, Culture Circle enables users to compare prices and access exclusive deals on brands like Nike, Adidas, Jordans, On, Yeezy, Supreme, Balenciaga, and Dior.
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Luxury and hype platform Culture Circle raises pre-seed funding
Inshorts
·
1y ago
Medial
Culture Circle, a luxury and hype platform, has raised an undisclosed amount in a pre-seed funding round from IIMA Ventures, formerly known as IIMA-CIIE. Culture Circle is a hype and luxury app offering a collection of sneakers, streetwear, and luxury fashion from brands like Nike Air Jordans, Yeezys, Essentials, Drew House, Supreme, etc.
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RAS Luxury Skincare, BrainSight AI, Culture Circle, Sieger get funding
VCCircle
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7m ago
Medial
RAS Luxury Skincare, BrainSight AI, Culture Circle, and Sieger have secured early-stage funding. RAS Luxury Skincare raised $5 million in Series A led by Unilever Ventures, with plans to expand retail and product lines. BrainSight AI received $5 million to enhance its neuroinformatics platform, focusing on brain disorders. Sieger partnered with Urja Mobility, raising $1 million for EV battery solutions. Culture Circle obtained Rs 3 crore through Shark Tank India, investing in global expansion.
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OYO’s Ritesh Agarwal invests in Culture Circle at over Rs 100 Cr valuation
Entrackr
·
23d ago
Medial
OYO’s Ritesh Agarwal invests in Culture Circle at over Rs 100 Cr valuation Culture Circle, a fashion commerce platform focused on luxury and streetwear, has raised a strategic round from Ritesh Agarwal, founder and chief executive of OYO. The funding was done at a valuation of more than Rs 100 crore. The startup had earlier secured Rs 3 crore on Shark Tank India from Agarwal and Kunal Bahl, declining a larger Rs 8 crore offer. Culture Circle claims to have crossed Rs 400 crore in overall valuation following its recent growth. The platform reports 1 million monthly users and over 4,000 verified sellers. It has recorded 4 times growth in recent quarters. The company was started by Devansh Jain Nawal and Ackshay Jain. Nawal is an IIM Ahmedabad alumnus and former Goldman Sachs employee. Jain has earlier worked with Google and leads JIIF Gurugram. The founders said the capital will be used to grow SourceX, the firm’s AI-led authentication system, and to expand into new product categories and global markets. It also plans to open new offline stores in Gurugram and Mumbai. Culture Circle operates flagship stores in Delhi and Hyderabad and runs a resale marketplace for branded sneakers and luxury fashion. The company is planning its global launch later this year.
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Mainstreet Marketplace raises ₹16 cr from Deepinder Goyal, Nikhil Kamath, others
Inshorts
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2y ago
Medial
Mainstreet Marketplace (MNST), a sneaker reselling startup based in Mumbai, has secured $2 million (approximately ₹16 crore) in funding from various investors. Notable participants in the seed funding round include Deepinder Goyal's First Lap LLP, the CEO of Zomato, and Nikhil Kamath, the Co-founder of Zerodha. Sujeet Kumar, the Co-founder of Udaan, and Amarjit Singh Batra, the MD of Spotify India, also joined in the investment. MNST originated as a YouTube channel in 2017 and was founded by Vedant Lamba.
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Zomato’s Deepinder Goyal-backed platform wants to become content-to-commerce solution for sneakerheads in India
YourStory
·
1y ago
Medial
Mainstreet Marketplace, a multi-brand sneaker resale platform, is capitalizing on the rising popularity of sneakers as cultural symbols in India. Founded by Vedant Lamba, the platform offers a curated selection of sneakers, streetwear, and luxury apparel. Recognizing gaps in the Indian luxury apparel industry, Mainstreet aims to cater to the demand of affluent consumers and celebrities. With a monthly revenue of Rs 5 crore ($670,000), the startup recently raised $2 million in seed funding. The Indian sneakers market was valued at $2.46 billion in 2022 and is projected to grow by about 9% annually.
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Bio-tech startup Cellivate Technologies raises $1 Mn in seed round
Entrackr
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1y ago
Medial
Bio-tech startup Cellivate Technologies has raised $1 million in a seed round led by Antler along with participation from Venture Catalysts, Hatcher+, and We Founder Circle. The funds will be used to accelerate its R&D efforts, scale up production of its innovative products, and expand its market reach, Cellivate said in a press release. Launched by Viknish Krishnan Kutty, Cellivate is developing innovative solutions to address critical challenges in cell culture and biomanufacturing. The company’s flagship products include advanced microcarriers for scaling up cell growth and a novel cell-based serum designed to replace fetal bovine serum. According to market research, the cell culture market, especially concerning microcarriers and serum, is expected to reach $33 billion by 2030. Cellivate says that its advanced microcarriers and cell-based serum alternatives have the potential to reduce costs, increase efficiency, and address ethical concerns in cell culture processes. Advancements in cell culture and biomanufacturing-related technologies will reduce society’s dependence on animal slaughter since several products/ingredients conventionally derived from animals can be procured from cells.
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Circle of Games raises $1 Mn from Nazara and The Hashgraph Association
Entrackr
·
1y ago
Medial
Web3 multi-gaming platform Circle of Games (COG) has raised $1 million in equity funding from Nazara Technologies FZ LLC, (a wholly-owned subsidiary of the Nazara Technologies Limited) and The Hashgraph Association, a Swiss-based organization. The proceeds will be used to fast-track its go-to-market strategy, improve platform capabilities, and widen its international presence in the US, EU, Middle East & Africa, and Asia in 2024. Founded by Rabilal Thapa (CEO), Rajeeb VC (CTO), and Rohit Tiwari (CMO), Circle of Games has gained over 250,000 registered Android users, with its user base expanding rapidly. The platform is scheduled to launch its app on iOS devices by Q2. With over 250,000 registered users, COG plans to expand its gaming portfolio from the current six games to over ten games by Q4 2024. COG client base includes web3 projects and ecosystems worldwide, namely Chingari, Solana, Foundership, KGeN/IndiGGMetarun, TheFishVerse, NinjaGames and various Gaming Guilds/DAOs, among others. These partnerships provide COG unique and immediate access to a 500 million gaming community in over 50 countries. Recently, Nazara announced that it has planned to invest $100 million towards mergers and acquisitions (M&A) within the next 24 months.
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Logistics startup Pickkup raises $500K in seed round led by We Founder Circle
Entrackr
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5m ago
Medial
Logistics startup Pickkup raises $500K in seed round led by We Founder Circle Logistic startup Pickkup has raised $500K in a seed funding round led by We Founder Circle (WFC) along with participation from other angel investors. The proceeds will be strategically utilized to expand its electric fleet, enhance the team, and invest in advanced technology to bolster logistics efficiency, Pickkup said in a press release. Co-founded by Ankush Sharma, Chandra Shekhar, and Upma Sharma, Pickkup aims to redefine logistics by deploying a 100% electric fleet, integrating cutting-edge technology to improve delivery efficiency, and actively contributing to decarbonization efforts. With a growing need for eco-friendly logistics solutions, the company intends to create impact in the industry. The Chandigarh-based startup aspires to build a sustainable, tech-driven logistics ecosystem that maximizes fleet utilization while minimizing environmental impact. It looks to optimize cross-utilization of its electric vehicles, ensuring they are operational for the maximum number of hours daily, a move that leverages the low operating costs of EVs for enhanced efficiency and affordability. Established in 2020, We Founder Circle offers mentorship and actively invests in early-stage startups. It invests $250,000-$2 million in early-stage startups that are fueled with ambition, sustainability, and a strategic approach. The VC firm has enabled $50 million worth of investments across over 150 deals. Some of the key investments include category leader companies like BluSmart, Zypp Electric, Kazam, Gauda Aerospace, Pixxel SpaceTech, and Qpi Quantum Computing.
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Comet raises $5 Mn in Series A round
Entrackr
·
1y ago
Medial
D2C sneaker brand Comet has raised Rs 42.3 crore (approximately $5 million) in its Series A round led by Elevation Capital. This is the first round of investments for the Bengaluru-based company in 2024. The board at Comet has passed a special resolution to issue 10 equity and 50,076 Series A CCPS at an issue price of Rs 8,445 each to raise Rs 42.3 crore or $5 million, its regulatory filing accessed from the Registrar of Companies shows. Elevation Capital led the round with Rs 33.36 crore while existing investors Nexus Ventures and AngelList India participated with Rs 8.34 crore and Rs 60 lakhs respectively. The company will use these proceeds for capital expenditures, marketing, and general corporate purposes as per the business plan, the filing added. According to the startup data intelligence platform TheKredibe, Comet has been valued at around Rs 167 crore or $20 million post-allotment. The startup raised its seed capital in February last year. Following the fresh proceeds, Elevation Capital and Nexus Ventures will hold 20% each while AngelList India will command 2.22% of the capital in the company. Founded in July 2023, Comet is a homegrown, lifestyle sneaker brand for both men and women which sells its products through its website. Its current portfolio includes CometX, Aeon, and Slides. According to Comet, its TAM (total addressable market) is expected to be $22 billion while the company’s serviceable addressable market (SAM) is expected to be $1.5 billion by FY 2030. Comet competes with Wrong, HRX, Redtape, The Roadster, Campus, Sparx and other multinational footwear brands like Nike and Adidas.
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