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Parking solutions startup Blyp raises bridge round

EntrackrEntrackr · 1m ago
Parking solutions startup Blyp raises bridge round
Medial

Parking solutions startup Blyp has raised Rs 1.5 crore in a bridge round and featured on Zee TV and ZEE5’s startup show IdeaBaaz. The brand was showcased on the episode aired on November 2. Blyp has also raised Rs 50 lakh from entrepreneur Sandesh Sharda as part of the current bridge round following its pre-Series A. The proceeds will be used to strengthen technology, expand to metro and tier-II cities, and add malls, corporates, and institutional clients. Founded in 2018 by Dhananjaya Bharadwaj and Abhimanyu Singh, Blyp provides app-based parking and valet solutions. It offers residential, corporate, commercial, and public parking management solutions through its platform. Users can book parking, access valet services, and pay digitally. Blyp currently operates across Delhi-NCR and select smart city projects. It works with malls, RWAs, commercial complexes, and corporate parks to digitise parking allocation, access, and payments. Blyp competes with smart mobility and parking platforms such as Park+, ParkMate (legacy brand reference), Get My Parking, Secure Parking, and local municipal parking apps that digitise parking and valet services. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

Healthfab raises $1 Mn in pre-Series A round

EntrackrEntrackr · 9m ago
Healthfab raises $1 Mn in pre-Series A round
Medial

Healthfab, a reusable period panty brand, has raised $1 million in its pre-Series A funding round led by Mistry Ventures along with participation from BeyondSeed, Thrive Ventures, and distinguished investors such as Anupam Mittal, Aman Gupta, Vineeta Singh, and Peyush Bansal. Prior to this, the company had raised $336K in a seed round from BeyondSeed back in 2022. The proceeds will be utilized to expand its presence in metro and Tier 2 cities as well as invest in R&D, Healthfab said in a press release. Co-founded in 2019 by Kiriti Acharjee, Sourav Chakrabarty, and Satyajit Chakraborty, Healthfab aims to transform menstrual hygiene with convenient, comfortable, and eco-friendly solutions. The company weeds out the challenges faced by women in their families. The startup’s innovative GoPadFree Period Panty is a reusable, leak-proof solution that offers comfort, unrestricted movement, and eliminates plastic waste. It is designed for confidence and ease. According to market research, India’s feminine hygiene industry is projected to reach $2 billion by 2030 with a growing CAGR of 14.8% (2025-2030). Healthfab claims that it has become the first reusable period panty brand in India to receive BIS certification and patent protection for its innovative technology. It also states to have acquired more than 3 lakh customers along with an annual growth rate of 2.5-3x in revenue. It competes with other players in this space such as Thinx and Knix.

Exclusive: Mitron TV, TrainMan co-founders set to launch AI startup Callmatic

EntrackrEntrackr · 1y ago
Exclusive: Mitron TV, TrainMan co-founders set to launch AI startup Callmatic
Medial

Shivank Agarwal, co-founder and former chief executive of short video app Mitron TV, and Mohd Amir, co-founder of online train ticket booking and information platform — TrainMan, have teamed up to launch a conversation AI startup Callmatic, sources told Entrackr. Agarwal and Amir’s new startup Callmatic is a conversational AI startup which automates management of inbound and outbound calls to provide lead qualification and scalable customer outreach. As per the company’s website, it offers solutions for recruitment, sales, healthcare and customer support leveraging generative AI technology. Before incorporating Callmatic, Amir was senior engineering manager at Microsoft while he was associated with TrainMan as co-founder between October 2013 and March 2019. Last year, Goodwater Capital-backed TrainMan was acquired by Adani Digital Labs. Callmatic has also roped in more than a dozen angel investors who put in $100,000 (Rs 83.8 lakh) in the company. Abhishek Agarwal, Nilesh Ukey, Sumit Gupta, Abhishek Jain, Karan Attri, Kush Mishra, Manasi Jain, Naresh Kumar, Naveen Bansal, Rahul Kumar Sahu, Vineet Chirania, Gaurav Nemade, Gunjan Sharma have invested the aforementioned sum in the Bengaluru-based startup, as per its data sourced from the RoC. It’s worth noting that Mitron TV was in talks with vernacular microblogging platform Koo for acquisition. Koo, which recently shut down its operations, also invested Rs 28.17 crore in Mitron TV through share swap deal. Entrackr exclusively reported this in June 2022. It appears that Mitron TV silently shut down its operations in mid-2022 after the failed deal with Koo. The app was one of the handful of companies which capitalized the void created after a ban of TikTok in India. Agarwal’s LinkedIn profile also reflects that he continued with the company until September 2022. Mitron TV’s other co-founder Anish Khandelwal rejoined MakeMyTrip in April 2022.

Ice popsicle brand Skippi raises Rs 12 Cr in extended pre-Series A round

EntrackrEntrackr · 5m ago
Ice popsicle brand Skippi raises Rs 12 Cr in extended pre-Series A round
Medial

Ice popsicle brand Skippi has raised Rs 12 crore ($1.4 million) in an extended pre-Series A funding round led by the Dubai based strategic family offices of Surya, which invested Rs 10 crore. The remaining Rs 2 crore came from other angel investors. The startup was featured in Shark Tank India Season 1, where it secured Rs 1.2 crore from all six sharks: Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal, in exchange for an 18 percent equity stake. Since then, the company claims to have grown its monthly revenue 80 times, from Rs 5 to 7 lakh to several crore. The Hyderabad based company had previously raised 1.43 million dollars in a seed round in April 2024 from Hyderabad Angels and others. According to a press release, the fresh funds will be used for growth initiatives, enhancing brand visibility, strengthening working capital, accelerating product innovation, onboarding senior leadership, and expanding into the Middle East market. Co-founded in 2021 by Ravi and Anuja Kabra, Skippi specializes in natural ice pops made with all-natural ingredients and RO water. The brand offers a range of flavors including traditional Indian options like Kala Khatta and follows an omnichannel retail model, selling through its website, online marketplaces, and a network of distributors and stockists. Skippi’s products are now available in over 20,000 retail outlets across India and on platforms such as Zepto, Swiggy Instamart, Amazon, BigBasket, and its own website. The company has also diversified its portfolio with new offerings such as Crazy Corn, Cornsticks, and Cream Rolls.

Funding and acquisitions in Indian startup this week [19 - 24 Aug]

EntrackrEntrackr · 1y ago
Funding and acquisitions in Indian startup this week [19 - 24 Aug]
Medial

During the week, 21 Indian startups raised around $144.46 million in funding. These deals count 5 growth-stage deals and 13 early-stage deals while 3 early-stage startups kept their transaction details undisclosed. During the previous week, 25 early and growth-stage startups cumulatively raised $432 million in funding. [Growth-stage deals] Among the growth-stage deals, 5 startups raised $91 million in funding this week. D2C water purifiers and air conditioners manufacturer Livpure spearheaded its $28 million worth Series C round. D2C ice cream brand Hangyo raised $25 million followed by online lending platform Axio, MSMEs-focused fintech lender FlexiLoans, and D2C luggage brand Uppercase with $20 million, $9 million, and $9 million in funding, respectively. [Early-stage deals] Further, 13 early-stage startups secured funding worth $53.46 million during the week. Healthtech care startup Even led the list followed by equity investment platform InvestorAI, D2C spice brand Zoff, cricket league featuring senior cricketers Legends League Cricket (LLC), and fintech startup TransBnk among others. As many as 3 startups that did not disclose the funding amount raised are; PadelPark, NxtQube, and TailBlaze. For more information, visit TheKredible. [City and segment-wise deals] In terms of the city-wise number of funding deals, Bengaluru and Delhi-NCR-based startups co-led with 7 deals each followed by Mumbai, Mangalore, Chennai, Raipur, and Nashik. Segment-wise, Fintech startups are in the top spot with 7 deals. E-commerce, Sportstech, Agritech, AI, Aquatech, and Dronetech startups followed this list among others. [Series-wise deals] During the week, Seed funding deals are on top with 7 deals followed by 5 Series A, 2 pre-Series A, 2 Series B, and 1 Debt deal. Pre-seed, pre-Series B, Series C, and Series G deals are next on the list. [Week-on-week funding trend] On a weekly basis, startup funding slipped 66.57% to $144.46 million as compared to around $432 million raised during the previous week. The average funding in the last eight weeks stands at around $225.36 million with 26 deals per week. [Fund launches] Titan Capital Winners Fund, backed by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has raised its target corpus of Rs 200 crore. This fund will focus on follow-on investments in standout companies from its seed portfolio, with Bahl and Bansal serving as the largest investors. Meanwhile, Volt VC has launched its first fund, Volt VC Fund-1, aimed at closing the gap in pre-seed funding for startups across India. Additionally, Arka Investment Advisory Services has completed the final closing of its Arka Credit Fund I, a sector-agnostic, diversified credit fund that supports mid-market corporates. Edtech unicorn PhysicsWallah has introduced the PW School of Startups (SOS), backed by a Rs 100 crore fund, to nurture entrepreneurial skills and support 100 startups over the next five years through training, mentorship, and capital access. [Key hirings] Brij Bhushan, co-founder and former COO of Magicpin, has joined Prime Venture Partners as a full-time venture partner. In this role, he will be deeply involved in the firm’s investment strategies, portfolio management, and fundraising efforts, contributing his extensive experience in building and scaling startups. Sachin Bansal’s Navi Finserv onboarded former RBI executive Anil Kumar Misra as their non-executive chairman at the board. In other leadership updates, Perfios has appointed Rajesh Kini, formerly with Infosys, as their new CFO, while the Veefin Group has named Shantanu Bairagi as CEO of Veefin Capital, focusing on MSME supply chain finance. Additionally, Zapcom Group Inc. has appointed Prasanth Nair as CTO to lead their engineering initiatives, leveraging his expertise in global team management. [Mergers and Acquisitions] Zomato, the leading food delivery platform in India, has announced the acquisition of Paytm’s movies and ticketing business. This strategic move will allow Zomato to expand its offerings beyond food delivery and cater to a wider customer base. The acquisition is valued at Rs 2,048 crore ($244 million) and includes two of Paytm’s subsidiaries, TicketNew and Insider, along with their 280 employees. Zappfresh, an online retailer of fresh fish and meat, has acquired Bonsaro, a Mumbai-based company specializing in the online delivery of poultry, goat, and seafood. This acquisition marks Zappfresh’s second strategic move, following the acquisition of Sukos Foods-owned Dr. Meat in July 2023. With Bonsaro, Zappfresh aims to expand its operations in the western region and enhance its brand presence. [Shutdown] Kenko Health, a Mumbai-based healthcare startup, has shut down operations due to a financial and operational crisis. Despite raising over $13.7 million and achieving significant revenue growth, the company faced mounting losses and failed to secure an insurance license. The startup’s offices have been closed, leaving employees without pay for months. Founders Aniruddha Sen and Dhiraj Goel admitted the firm ran out of funds and was taken to the National Company Law Tribunal (NCLT) by investors. Attempts to secure further funding or investor support failed, leading to the company’s collapse. Visit TheKredible to see series-wise deals along with amount breakup, complete details of fund launches, and more insights. [Financial results this week] MobiKwik posts Rs 875 Cr revenue and Rs 14 Cr profit in FY24 [News flash this week] Ola Electric market share drops more than 30% in last two months Baron Capital values Swiggy at $14.7 Bn How Fampay’s Rs 200 Cr bet on fintech for teenagers fell flat Paytm proposes to cut directors’ remuneration Swiggy eyes $15 Bn valuation for its $1-1.2 Bn IPO RBI imposes Rs 4 Cr fines on LenDen Club and LiquiLoans NCLT approves slice and North East Small Finance Bank’s merger IPV announces full exit from Fashor with 33% IRR Mitron TV, TrainMan co-founders set to launch AI startup Callmatic [Conclusion] The weekly funding again dwindled 66.57% to $144.46 million this week. Meanwhile, four startup-focused funds launched this week namely Titan Capital (Winners Fund), Volt VC, Arka Credit Fund, and PW School of Startups. Ola Electric, which recently went public, has seen a significant decline in its market share in the electric two-wheeler segment over the past two months. According to a report by Jefferies, Ola’s market share dropped from 49% in Q1 FY25 to 39% in July, and further to 33% in August. Meanwhile, TVS has regained some ground, increasing its market share to 19% in August from 15% in Q1 FY25. Despite this recent decline, Ola Electric has maintained its dominance in the market, with its market share having grown from 21% in FY23 to 35% in FY24. US investor Baron Capital has valued Swiggy at $14.74 billion as of June 2024, reflecting a slight decrease of 2.6% from its previous valuation of $15.1 billion in March. This dip is attributed to rupee depreciation. The valuation update comes as Swiggy prepares for its $1.25 billion initial public offering (IPO), for which it has already received shareholder approval and reportedly filed confidential papers with SEBI in May. Paytm has proposed reducing the remuneration of its independent directors as part of an effort to enhance corporate governance. The annual compensation for independent directors, currently up to Rs 2.07 crore, will be capped at Rs 48 lakh from April 2024, with a fixed portion of Rs 20 lakh and the rest tied to their attendance and contributions. Meanwhile, Fampay, a fintech startup that initially targeted teenagers, raised $38 million in 2021 but faced setbacks after losing its payment partner, IDFC Bank, in February 2023. This led to a pivot towards becoming a UPI-focused app, but the company still reported significant losses of Rs 120 crore in FY23. Despite entering the top 10 UPI apps by late 2023, Fampay’s future remains uncertain, with a potential selloff being a plausible outcome as it struggles to achieve profitability.

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