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Subway India operator EverBrands raises $15 Mn led by Playbook Partners

EntrackrEntrackr ยท 27d ago
Subway India operator EverBrands raises $15 Mn led by Playbook Partners
Medial

EverBrands, operator of Subway and Lavazza in India, has raised a $15 million round led by Playbook Partners. The fresh capital will be used to strengthen its multi-brand food and beverage platform and support further expansion across India. An ET report said that Playbook Partners will acquire a 5% stake in Subway Indiaโ€™s parent, valuing the company at around Rs 2,600โ€“2,800 crore. The investment comes as Subway India recently crossed the 1,000-store milestone. The brand has added stores at an average pace of around two outlets per week over the past three years. EverBrands operates Subway in India through Culinary Brands India Private Limited and also manages Lavazza Coffee, F&H Coffee, and distributes Dilmah Tea in India through Fresh and Honest Cafรฉ Private Limited. EverBrands operates across quick service restaurants and cafรฉ formats, targeting urban consumers. Founded by former Reliance Jio executive Vikas Choudhury, Playbook Partners focuses on investing in mid-market businesses leveraging technology-enabled growth. The firm was launched by former Reliance Jio executive Vikas Choudhury and invests in scalable businesses across sectors. This marks Playbook Partnersโ€™ third investment in India following the first close of its $250 million fund.

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KaarTech raises $11 Mn led by Playbook Partners

EntrackrEntrackr ยท 3d ago
KaarTech raises $11 Mn led by Playbook Partners
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News All Stories KaarTech raises $11 Mn led by Playbook Partners Digital transformation consulting company KaarTech has raised $11 million (about Rs 100 crore) in a funding round led by Playbook Partners. The round also saw participation from existing backer A91 Partners. Entrackr had exclusively reported the current round last week. According to Entrackrโ€™s estimates, KaarTech is valued at around Rs 2,100 crore or around $231 million (post-money). In July 2023, KaarTech raised $30 million from A91 Partners. As per an ET report, the proceeds will be used to expand KaarTechโ€™s presence in North America and Europe, strengthen hiring in those regions, and explore acquisitions that can enhance its product stack. Founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumaran M and Guardian George, the company helps enterprises migrate legacy systems to cloud-based infrastructure and build AI-ready technology stacks. KaarTech provides SAP-led digital transformation services to enterprises, including cloud migration, data platforms, AI and automation, analytics, and managed services. The company works with large global clients across sectors such as aviation, energy and government. The Chennai-based firmโ€™s revenue grew 56.8% to Rs 718 crore in FY25 from Rs 458 crore in FY24. It also turned profitable in FY25, reporting a net profit of Rs 7.74 crore in FY25 compared to a loss of Rs 66.93 crore in FY24. The company primarily serves international markets, including the Gulf region, North America and Europe, and is targeting revenue of more than Rs 1,000 crore in FY26.

Spacetech startup SatSure raises $15 Mn in Series A funding

EntrackrEntrackr ยท 2y ago
Spacetech startup SatSure raises $15 Mn in Series A funding
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SatSure, a satellite Earth observation data and analytics provider, has secured $15 million in a Series A round led by Baring Private Equity Partners (BPEP) and Promus Ventures, with participation from Omidyar Network India and xto10X, alongside existing investors. The funding will support the launch of four high-resolution satellites by Q4 2025 and expand the company's presence in the US and Asia-Pacific regions. SatSure leverages satellite imagery and AI to provide decision intelligence for industries like agriculture and banking, aiming to enhance profitability and operational efficiency. The funding follows a $5 million pre-Series A round in February 2022 and strategic funding from ICICI and Kotak Mahindra Bank.

Solar platform Aerem Solutions raises $15 Mn in pre-Series B

EntrackrEntrackr ยท 1m ago
Solar platform Aerem Solutions raises $15 Mn in pre-Series B
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Solar platform Aerem Solutions raises $15 Mn in pre-Series B Distributed solar platform Aerem Solutions has raised $15 million (Rs 136 crore) in a pre-Series B funding round led by SMBC Asia Rising Fund, the venture arm of Sumitomo Mitsui Banking Corporation (SMBC). Existing investors British International Investment (BII), UTEC, Blume Ventures, Avaana Capital, Riverwalk Holdings, and SE Ventures (Schneider Electric) also participated in the round. With this infusion, Aeremโ€™s total funding has reached approximately $34.5 million. Prior to the current round, the Mumbai-based startup had raised Rs 100 crore (around $11.7 million) in April last year, led by UTEC. In 2023, it had raised $5 million in an earlier funding round led by Avaana Capital. The fresh capital will be used to expand Aeremโ€™s pan-India footprint, strengthen its EPC and installer partner network, and drive solar adoption among MSMEs and residential customers. The company also plans to invest in improving affordability, execution quality, and post-installation performance visibility. Founded in 2021, Aerem operates a full-stack platform for distributed solar adoption in India, integrating solar financing, an equipment marketplace, and a technology layer spanning system design, procurement, financing, and asset monitoring. It primarily serves MSMEs, homeowners, EPCs, and financial institutions. To date, Aerem claims to have enabled over 1,200 MW of solar capacity and financed more than 2,000 projects across the country. The company works with over 3,200 installation partners across 150 cities in India.

Exclusive: KaarTech raises Rs 100 Cr from Playbook Partners

EntrackrEntrackr ยท 9d ago
Exclusive: KaarTech raises Rs 100 Cr from Playbook Partners
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Exclusive: KaarTech raises Rs 100 Cr from Playbook Partners Digital transformation consulting company KaarTech has raised around $11 million (Rs 100 crore) from Playbook Partners, the backer of Renee Cosmetics. The new round came on the back of its profitability and 56% year-on-year growth in FY25, with revenue surpassing Rs 700 crore. KaarTechโ€™s regulatory filings with the Registrar of Companies (RoC) show that its board approved the issuance of 4,00,520 Series B CCPS at an issue price of Rs 2,496.75 apiece to raise Rs 100 crore from Playbook Partners. The proceeds will be utilised towards capital expenditure, business expansion, and general working capital requirements, the filings said. According to Entrackrโ€™s estimates, KaarTech is valued at around Rs 2,100 crore or around $231 million (post-money). In July 2023, KaarTech raised $30 million from A91 Partners. Founded in 2006 by Maran Nagarajan, Ratnakumar N, Selvakumaran M, and Guardian George, KaarTech is a technology and consulting company focused on SAP-led digital transformation. It provides services like SAP implementation and support, cloud and data services, AI and automation, analytics, and managed services to help enterprises manage and optimize business operations. A91 Partners continued to be the largest external shareholder with a 32.78% stake, while Playbook Partners held 4.76% following the allotment of this round. The companyโ€™s co-founders Maran Nagarajan, Ratnakumar N, Selvakumaran Manickam, and Guardian George held 14.90%, 9.99%, 7.31%, and 8.01% stakes, respectively. The Chennai-based firmโ€™s revenue grew 56.8% to Rs 718 crore in FY25 from Rs 458 crore in FY24. It also turned profitable in FY25, reporting a net profit of Rs 7.74 crore in FY25 compared to a loss of Rs 66.93 crore in FY24.

Exclusive: EV startup Qucev raises $15 Mn in Series B

EntrackrEntrackr ยท 2m ago
Exclusive: EV startup Qucev raises $15 Mn in Series B
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Exclusive: EV startup Qucev raises $15 Mn in Series B Qucev has raised Rs 131.25 crore ($15 million) in Series B round led by existing investor Singularity AMC with the participation of Lotus Family Trust, Volrado Venture Partners, Anchorage Capital and others. Electric commercial vehicle startup Qucev has raised Rs 131.25 crore (approximately $15 million) in Series B round led by existing investor Singularity AMC with the participation of Lotus Family Trust, Volrado Venture Partners, Anchorage Capital and others. According to its regulatory filing with the Registrar of Companies (RoC) in September 2025, Qucevโ€™s board issued 4,467,375 Series B compulsorily convertible preference shares at an issue price of Rs 293.8 per share to raise the said amount. Singularity AMC led the tranche with an investment of Rs 25.76 crore (nearly $3 million), followed by Lotus Family Trust, which put in Rs 18.5 crore. Anchorage Capital, Volrado Venture Partners, Param Capital, and S Gupta Family Investments each invested Rs 17.98 crore. The remaining amount was contributed by other investors, including angel investors Lakshay Singhal, Anubhav Gupta and companyโ€™s founder Naresh Rawal. According to Entrackrโ€™s analysis, the company is currently valued at around Rs 538 crore or $61 million post-money. Founded in 2022 by Naresh Rawal, Qucev is a next-generation electric commercial vehicle company in partnership with China-based EV manufacturer BYD, designs and manufactures electric tractors, trucks, buses, and three-wheelers, focusing on sustainable and cost-effective mobility. Beyond manufacturing and sales, Qucev also offers financing, charging infrastructure, and fleet solutions. According to startup data intelligence platform TheKredible, Qucev has previously raised around $4 million from Singularity AMC, Barclays and Maa Creations. For the fiscal year ended March 2025, the company did not report any product sales and generated Rs 2.08 crore from the sale of services. During the same period, it recorded a loss of Rs 9.35 crore. Qucev competes with players like Euler Motors, Altigreen, as well as established names such as Mahindra Electric, Piaggio, Kinetic Green, Tata, and others.

Wootz.work raises $6.6 Mn in Series A round led by Z47

EntrackrEntrackr ยท 14d ago
Wootz.work raises $6.6 Mn in Series A round led by Z47
Medial

Wootz.work raises $6.6 Mn in Series A round led by Z47 B2B engineering equipment marketplace Wootz.work has raised $6.6 million in a Series A funding round led by Z47, along with continued participation from Nexus Venture Partners and AdvantEdge Founders, and the addition of Stride Ventures. The Delhi-based startup had previously raised $3.5 million in a seed funding round in August 2023, led by Matrix Partners India and Nexus Venture Partners. The fresh capital will be deployed to expand its engineering footprint, deepen manufacturing control systems, and enable larger, mission-critical OEM programs, Wootz.work said in a press release. Co-founded in 2023 by Karan Anand and Himanshu Uniyal, Wootz.work is a global advanced engineering and manufacturing solutions company serving OEMs. Operating across India and Southeast Asia, with teams in India, the US, the UK, and Italy, it integrates engineering, precision manufacturing, and digitally governed quality systems to deliver globally competitive manufacturing outcomes at scale. While offshoring promises savings, in reality, 15โ€“30% of anticipated savings are typically lost due to coordination failures, including delays, rework, quality breakdowns, and management bandwidth drain. Wootz.work flips the model by operating as a single, accountable manufacturing partner for complex industrial programs across India and Southeast Asia, with onshore manufacturing where required in customer markets. It orchestrates factories while taking full accountability for execution. According to Wootz.work, it maps, qualifies, and governs capacity across regions, compressing timelines from years to weeks and giving global enterprises visibility from raw material to final delivery. Over the past year, the company claims to have delivered complex cross-border programs for more than 22 global enterprises, operated across 12 international trade lanesโ€”including the US, UK, Germany, Italy, Switzerland, Australia, and New Zealandโ€”activated over 300 suppliers, executed more than 30 million parts and assemblies, and maintained over 98% on-time delivery and quality compliance under stringent global frameworks.

Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round

EntrackrEntrackr ยท 1y ago
Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round
Medial

Wealthtech startup Stable Money has raised over Rs 123 crore nearly $15 million in a new round from RTP Capital, Lightspeed India, and Matrix Partner. The Bengaluru-based company has become one of the few startups to close two rounds within a year, especially during the so called funding winter. The board at Stable Money has passed a special resolution to issue 77,135 CCPS at price of Rs 16,019 each to raise Rs 123.56 crore or $14.74 million, its regulatory filing accessed from the Registrar of Companies (ROC) shows. RTP Capital led the round with Rs 54.26 crore ($6.5 million) while Lightspeed India and Matrix Partners India pumped in Rs 34.64 crore ($4.15 million) each in this round. In August 2023, Stable Money scooped up $5 million in its first equity fundraise led by Matrix Partners and Lightspeed. Titan Capital, Mar Shot Ventures and a clutch of prominent angel investors also participated in the round. As per startup data intelligence platform TheKredible, Stable Money will be valued at around $60 million post money. This is nearly four fold jump in valuation from $16.5 million in the last round. Founded in late 2022 by Saurabh Jain and Harish Reddy, Stable Money is building a fixed-return investment platform to provide financial consultation services to investors. The platform will also publish financial literacy content on its online platform to create awareness among investors. A clutch of wealthtech startups have managed to score decent funding in the ongoing calendar year. Recently Deserv raked in $32 million in its Series B round led by Premji Invest. In May, wealth management platform Wealthy raised $5.4 million in a new round led by Alpha Wave Incubation Fund.

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