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Fintech startup QuiD Cash raises $4.5 Mn in pre-Series A round

EntrackrEntrackr ยท 11m ago
Fintech startup QuiD Cash raises $4.5 Mn in pre-Series A round
Medial

Supply chain fintech startup QuiD Cash has raised $4.5 million (around Rs 38.23 crore) in its pre-Series A round from a host of angel investors, including Piyush Jain and existing backer MINTCAP. Earlier in 2024, QuiD had raised Rs 5 crore in its pre-seed funding led by Mint Cap Enterprises and Stone Park Capital. The proceeds will be used for technology enhancement and business growth. The firm has also launched QuiD Capital, an NBFC designed to facilitate anchor-led invoice financing. Founded by Subhash Gupta and Vikram AG, QuiD Cash provides tech-based financial solutions through its B2B supply chain platform. It serves around 8,000 users and partners with over 20 major companies in the FMCG, automotive, pharmaceuticals, and agriculture industries. These companies handle transactions worth Rs 50 crore to RS 250 crore every month. The firm operates with a team of 40 employees and plans to expand to 50 people next year. It aims to onboard 5 lakh retailers in the next two years.

CapGrid Solutions raises $5 Mn led by Anicut Capital

EntrackrEntrackr ยท 10m ago
CapGrid Solutions raises $5 Mn led by Anicut Capital
Medial

CapGrid Solutions raises $5 Mn led by Anicut Capital B2B manufacturing startup CapGrid Solutions has raised $5 million (around Rs 45 crore) in a funding round led by Anicut Growth Fund. The round also saw participation from existing investors Nexus Venture Partners and Axilor Ventures. Earlier in January 2023, CapGrid had raised $7 million led by Nexus Venture Partners. The round closed at a valuation of Rs 305 crore after the investment, according to an ET report. The proceeds will be used for global expansion and investments in technology to improve supply chain and operational efficiencies. Founded in 2020 by Tiwari and Himanshu Singh Raghuvanshi, CapGrid helps car part makers and suppliers by making it easier to find and buy the materials they need. It helps OEMs procure precision parts and components from suppliers that it has tied up with. CapGrid currently operates around 11 fulfilment centres and has 50 strategic supply manufacturing partners. The Gurugram-based startup claims to have recorded a revenue of around Rs 99 crore in the last fiscal year and expects to reach Rs 220 crore in FY25.

Thimblerr raises $1.4 Mn led by Inflection Point Ventures

EntrackrEntrackr ยท 20d ago
Thimblerr raises $1.4 Mn led by Inflection Point Ventures
Medial

Thimblerr raises $1.4 Mn led by Inflection Point Ventures The company is building a network of cloud factories supported by a more than 800 machine ecosystem and production systems powered by data. Thimblerr has raised $1.4 million in a bridge round led by Inflection Point Ventures with participation from 3one4 Capital, Mount Judi Ventures, Venture Catalysts, and We Founder Circle. The Bengaluru-based full stack fashion supply-chain platform will use the proceeds for customer acquisition, expanding into new categories, and strengthening its supply-chain capabilities. Founded in 2022 by IIT alumni Piyush Jalan and Rishav Papneja, Thimblerr provides tech-enabled manufacturing and design support to fashion brands, helping them move from concept to production with shorter lead times. The company claims to cut the traditional 180-day cycle to 30โ€“60 days and supports the creation of over 3,000 designs a month. It works with more than a dozen clients including Tata Trent, USPA, Snitch, and The Souled Store. Thimblerr aims to position itself as an infrastructure layer for Indiaโ€™s fast fashion manufacturing industry, which is valued at around $5 billion and growing 25โ€“30% annually. Co-founder Jalan said the company wants to bring speed, transparency, and reliability to Indiaโ€™s fast fashion supply chain and connect global brands with trusted manufacturers. IPV has invested over Rs 800 crore across 250 startups so far. It has launched a $50 million CAT 2 VC fund, Physis Capital, to invest in Pre-Series A to Series B growth-stage start-ups. The fund has already deployed capital in six startups so far, with a few deals in advanced stages of the pipeline.

Agri-supply chain startup Bull Agritech raises $100K

EntrackrEntrackr ยท 1y ago
Agri-supply chain startup Bull Agritech raises $100K
Medial

Agri-supply chain startup Bull Agritech has raised $100,000 in a new funding round from Akassh Patel and Nilesh Bhalala (BuilditIndia founders), Shashin Patel (SCC Infrastructure, MD), and others. The startup has raised a total of Rs 1.5 crore in the last four months as part of the pre-seed round. Founded by Hit Desai, Bull Agritech is an agri-supply chain startup focussed on creating a commodity supply chain by using technology and their network of farmers and commodity processors. According to Bull Agritech, the funds will be used to expand into new regions, double the number of collection centers and broaden commodity portfolios. It will also onboard talent to drive operational efficiency and innovation. The startup claims to have facilitated trades worth Rs 35 crore in the last 24 months, with over 6,000 farmers choosing to sell their crops through Bull instead of relying on local APMCs. It reported 200% year-on-year growth, and is committed to sustaining 25% month-on-month growth.

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