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Stackbox raises $4 Mn led by Enrission India Capital

EntrackrEntrackr · 2m ago
Stackbox raises $4 Mn led by Enrission India Capital
Medial

Logistics tech startup Stackbox has raised $4 million in a fresh funding round led by Enrission India Capital. The latest investment will help Stackbox accelerate its product innovation and expand across Southeast Asia while strengthening its footprint in India. The Mumbai-based startup, founded by IIT alumni Sabyasachi, Shanmukha, Venktesh, and Nitin, leverages deep-tech solutions including its AI-powered Warehouse Management System and Transportation Management System to streamline operations in sectors such as FMCG, manufacturing, and e-commerce. Backed by a team with proven expertise in supply chain management and enterprise software, Stackbox has attracted clients among leading FMCG and manufacturing companies seeking efficiency and scalability. Stackbox’s founders said that the funding enables them to “build the digital backbone of tomorrow’s logistics,” supporting intelligent processes from warehouse to last-mile delivery. According to startup data intelligence platform TheKredible, Stackbox has raised over $2 million, including a $1.2 million seed round led by Ecosystem Ventures in August 2021. For the fiscal year ended March 2024, the Bengaluru-based company posted a profit of Rs 6 crore on operating revenue of Rs 25.7 crore.

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Exclusive: Stackbox to kick off Series A round at over $40 Mn valuation

EntrackrEntrackr · 3m ago
Exclusive: Stackbox to kick off Series A round at over $40 Mn valuation
Medial

Exclusive: Stackbox to kick off Series A round at over $40 Mn valuation Bengaluru-based logistics tech startup Stackbox is set to raise Rs 23.18 crore (around $2.63 million) from Enrission India Capital and White Whale Ventures in its Series A round. The Stackbox’s board is set to approve the allotment of 1,005 Series A compulsory convertible preference shares at an issue price of Rs 2,30,713 apiece to raise the aforementioned sum, as per its regulatory filing from the Registrar of Companies (RoC). The company has already received Rs 13.2 crore from Enrission India Capital, while funds from White Whale Ventures are expected shortly. According to Entrackr’s estimates, Stackbox’s valuation is expected to be increased by over 30% to Rs 375 crore or $42.6 million, post-money. Founded in 2019, StackBox provides cloud-based, enterprise-grade SaaS solutions to automate and optimize supply chain and distribution operations across sectors such as FMCG, retail, and e-commerce. Its core offerings include an integrated suite of products: Warehouse Management System (WMS), Transport Management System (TMS), Order Management System (OMS), and Route-to-Market (RTM) solutions. According to startup data intelligence platform TheKredible, StackBox has raised over $2 million, including a $1.2 million seed round led by Ecosystem Ventures in August 2021. For the fiscal year ended March 2024, the Bengaluru-based company posted a profit of Rs 6 crore on operating revenue of Rs 25.7 crore. Its FY25 numbers are yet to be disclosed.

Hexalog bags $4 Mn in seed round led by ENRISSION INDIA CAPITAL

EntrackrEntrackr · 19d ago
Hexalog bags $4 Mn in seed round led by ENRISSION INDIA CAPITAL
Medial

Hexalog bags $4 Mn in seed round led by ENRISSION INDIA CAPITAL Cross-border supply chain enablement company Hexalog has raised $4 million in a seed funding round led by ENRISSION INDIA CAPITAL along with participation from Mount Judi Ventures, Action Tesa Family Office, Bajaj Ventures, Nandan Growth Fund and other angel investors like Saurabh Deep Singla, Sumit Jalan, Amit Tyagi & Nitin Sethi. The fresh funds will be deployed towards strengthening its technology capabilities, with a focus on building a scalable, reliable, and data-driven orchestration layer for cross-border logistics, Hexalog said in a press release. Co-founded in February 2024 by Dibyanshu Tripathi, Utkarsh Tripathi, Vineet Malik and Shobhit Singh, Hexalog is an AI-led 4PL full stack orchestrator company specializing in end-to-end cross-border trade solutions. The startup’s AI-driven orchestration layer turns cross-border logistics from a fragmented, reactive process into a predictable, coordinated execution workflow. According to the Gurugram-based startup, it orchestrates the entire cross-border logistics lifecycle from order confirmation and documentation readiness to customs clearance, line haul, and final delivery ensuring continuity across every step. Hexalog focuses on digitising and orchestrating the end-to-end cross-border supply chain. By combining technology, data intelligence, and deep domain expertise, the company delivers integrated, transparent, and reliable logistics solutions for global trade. Hexalog plans to accelerate its go-to-market efforts across key international trade corridors, particularly the Middle East and Southeast Asia. The expansion is aimed at addressing the growing demand for predictable and transparent logistics solutions in global trade. It competes with the other notable players in this space such as Flexport, e2open, and others. The company has operations across over 80 countries and covers more than 29,000 Indian pincodes.

Beyond Snack raises $8.3 Mn in Series A round

EntrackrEntrackr · 1y ago
Beyond Snack raises $8.3 Mn in Series A round
Medial

Kerala-based banana chips brand Beyond Snack has raised $8.3 million in its Series A funding round led by 12 Flags Group, a consumer business-focused fund established by Rakesh Kapoor, the former global CEO of Reckitt Benckiser. Existing investor NAB Ventures also participated in this round, increasing its stake in the company. Japanese VC firm Enrission India Capital and other existing investors, including Faad Network, also joined. Earlier in July 2023, the brand had raised $3.5 million in a pre-Series A round from the NABVENTURES Fund. The proceeds will be used to drive Beyond Snack’s expansion into new territories, add product innovation, and strengthen its supply chain infrastructure. Founded by Manas Madhu, Jyoti Rajguru, and Gautam Raghuraman, Beyond Snack is a plant-based savory snacks brand that produces its banana chips with no artificial colors or flavors. Beyond Snack claims to have expanded its global footprint. Currently available in 12 countries, the brand is exploring new international markets, where it has seen strong demand for its products.

Biomanufacturing startup Loopworm raises $3.25 Mn in pre-Series A round

EntrackrEntrackr · 7m ago
Biomanufacturing startup Loopworm raises $3.25 Mn in pre-Series A round
Medial

Biomanufacturing startup Loopworm raises $3.25 Mn in pre-Series A round Co-founded in 2019 by Ankit Alok Bagaria and Abhi Gawri, Loopworm is a biomanufacturing startup focused on sustainable protein production using farmed insects. Loopworm, a biomanufacturing company developing insect-derived proteins, has raised $3.25 million in a pre-Series A funding round. The round was co-led by WaterBridge Ventures, an existing investor, and ENRISSION INDIA CAPITAL, a Japanese venture capital firm. The Bengaluru-based company had previously raised $3.4 million in a seed funding round led by Omnivore and others. The proceeds will be allocated towards commercializing its recombinant protein production platform, targeting diagnostics, animal vaccines, and other applications with lower regulatory barriers, Loopworm said in a press release. Loopworm focuses on sustainable protein production using farmed insects. The company has commercialized insect-derived proteins and fats for aquaculture and pet nutrition and is now developing a novel reactor-free recombinant protein production platform using silkworms. Loopworm says it has developed a new approach to producing recombinant proteins—typically created by inserting genes into host organisms like yeast or bacteria to produce proteins of medical or industrial value. Its proprietary process bypasses this entirely by using silkworms as living factories to produce complex proteins, enabling faster, more cost-effective, and sustainable production. The company currently operates a state-of-the-art, 6,000-tonne-per-year insect processing facility in Bengaluru. It exports protein and oil from silkworms and other farmed insects to Europe, South America, and ASEAN countries for use in the aquaculture and pet food industries.

Pee Safe raises $32 Mn led by OrbiMed

EntrackrEntrackr · 18d ago
Pee Safe raises $32 Mn led by OrbiMed
Medial

Pee Safe raises $32 Mn led by OrbiMed Women’s hygiene and wellness brand Pee Safe has raised $32 million in a funding round led by global healthcare-focused private equity firm OrbiMed. The round included both primary capital and partial exits for some early investors. Pee Safe has raised $45.55 million in funding to date, with Alkemi Partners as its lead investor. The fresh capital will be used to expand offline retail presence, strengthen distribution, and scale sales across marketplaces and quick commerce platforms. Launched in 2017 by Vikas Bagaria and Srijana Bagaria, Pee Safe operates in the personal hygiene and wellness segment with products spanning intimate hygiene, menstrual care, and sanitisation. Pee Safe has steadily expanded its product portfolio and distribution footprint across online and offline channels in India. Pee Safe generates revenue primarily from sales of sanitary, personal hygiene, and intimate care products across online marketplaces, offline retail, and its direct-to-consumer channels. As per TheKredible, the Gurugram-based company's revenue from operations grew 46% to Rs 82 crore in FY25 from Rs 56 crore in FY24. It managed to curb its losses by 69% to Rs 4 crore in FY25 from Rs 13 crore in FY24.

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