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TABP Snacks and Beverages raises $3 Mn led by LC Nueva

EntrackrEntrackr · 12d ago
TABP Snacks and Beverages raises $3 Mn led by LC Nueva
Medial

TABP Snacks and Beverages has raised $3 million (Rs 26 crore) in a funding round led by LC Nueva, with participation from Entrust Family Office, Arun Mukherjee, and Soumya Malani. The proceeds will be used to expand distribution across south and east India, add new beverage formats, and scale manufacturing capacity. Founded in 2018 by Prabhu Gandhikumar and Brindha Vijayakumar, TABP manufactures packaged value beverages for mass-market consumers. The company converts popular local street drinks into affordable packaged products targeted at lower and middle-income households. TABP claims to have recorded Rs 212 crore in revenue in FY24–25, up from Rs 4 crore in FY19, and plans to reach Rs 800 crore in revenue over the next three years. The firm produces packaged alternatives to regionally consumed street beverages, aiming to formalise unbranded consumption with consistent pricing and distribution. TABP competes with Paper Boat, Rasna, Dabur’s beverage portfolio, Coca-Cola’s value SKUs, PepsiCo’s value SKUs, and multiple regional beverage players that operate in the low-price mass segment.

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LC Nueva Unveils INR 150 Cr Fund To Tap Into Secondary Market

Inc42Inc42 · 1y ago
LC Nueva Unveils INR 150 Cr Fund To Tap Into Secondary Market
Medial

- The LC Nueva Momentum Fund will prioritize investing in successful companies from its previous fund, LC Nueva Fund, as well as secondary market transactions. - Aiming to support high-growth startups, the new fund plans to invest in 10-15 companies at Series A and Series B stages. - The LC Nueva AIF's second fund, LC Nueva Momentum Fund, is being launched almost a year after the successful closure of its first fund with a total value of INR 350 Cr. - The focus of the new fund will be on identifying and backing "winners" from its previous fund and exploring investment opportunities in the secondary market. - The investments from the LC Nueva Momentum Fund will mainly target startups experiencing rapid growth in their early-stage funding rounds.

Nutrition brand Fitspire raises $1 Mn in pre-Series A round

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

Fitspire, a family health nutrition and protein supplements brand, has secured $1 million in a bridge round for Series A preparation led by McDonald's India (North and East). Promoter Anan Agarwal, MM Agrawal Group (MMG), along with angel investors from AKG financials at a valuation of Rs 100 crore (around $12 million) participated in the round. Earlier this year, Fitspire, owned by Starcap Wellness Pvt Ltd, raised funds from investors like Jaipuria family office Ruchirans- Anuraag, Sohil-Ashish Chand - LC Nueva Capital among others. The Delhi-based startup will use the fresh funds to strengthen its ecosystem, accelerate market expansion, build the brand, and create new revenue streams. Founded in 2020 by Vipen Jain, Nidhi Jain, and Hinah Sawhney, Fitspire aims to capture 2% of the total nutrition market in India, currently valued at approximately $11.85 billion and projected to grow to $28.70 billion by 2032. As part of its expansion plans, Fitspire is launching a new range of innovative products, including protein shakes, protein cookies, protein chips, protein spreads, and protein-enriched bakery products.

LC Nueva Investment Partners launches new fund with target corpus of Rs 150 Cr

EntrackrEntrackr · 1y ago
LC Nueva Investment Partners launches new fund with target corpus of Rs 150 Cr
Medial

LC Nueva Investment Partners has launched the LC Nueva Momentum Fund, aiming for a target corpus of Rs 150 crore (approximately $18 million) with an additional greenshoe option of Rs 100 crore (around $12 million). This follows the successful closure of its maiden fund at Rs 350 crore, which has reported that half of its portfolio companies secured further rounds of funding, achieving an impressive nearly 57% compounded annual growth rate (CAGR) in average revenues. The new fund will support 10-15 high-growth startups in Series A and B rounds, focusing on “winners” from its previous fund and secondary market opportunities. LC Nueva Investment Partners, a collaboration between Singapore’s Lighthouse Canton and Delhi NCR-based Nueva Capital, aims to invest in companies that have shown improved operating performance and are considered high-conviction investments. The Momentum Fund’s strategy emphasizes identifying high-potential investments to deliver exceptional returns by leveraging strong relationships from its previous fund and actively pursuing secondary opportunities. In the broader venture capital landscape, early-stage firm Capital A has launched its Fund II with a target of Rs 400 crore, while z21 Ventures recently achieved the first close of its $40 million Fund II at $20 million.

Rusk Media to raise $8.5 Mn in Series B

EntrackrEntrackr · 8m ago
Rusk Media to raise $8.5 Mn in Series B
Medial

Rusk Media, a digital entertainment company, is raising Rs 74 crore (approximately $8.5 million) in its Series B round led by Woori Venture Partners, with the participation of New Emerging Technologies Fund, LC Nueva Investment Partners, and other investors. The board at Rusk Media has passed a special resolution to issue 11,663 Series B compulsory convertible preference shares at an issue price of Rs 63,493 each to raise the aforementioned sum, its regulatory filing sourced from the Registrar of Companies (RoC) shows. Woori Venture Partners will lead the round with an investment of Rs 26 crore, while New Emerging Technologies Fund, LC Nueva Investment Partners, and Yashaa Global Capital will contribute Rs 16.5 crore, Rs 15 crore, and Rs 10 crore, respectively. The remaining amount will be collectively invested by Info Edge, LetsVenture, and Nodwin Gaming. As per filings, the funds would be utilized for growth and working capital needs in line with the company's business plan. A separate filing reveals that Rusk Media's board has approved a resolution to expand its ESOP plan with 2,828 employee stock options worth Rs 18 crore and its MSOP plan with 5,656 management stock options valued at Rs 35.9 crore. The company has raised around $20 million to date, including its $9.5 million Series A led by DAOL Investment and Audacity Ventures. According to Entrackr’s estimates, the company will be valued at around Rs 468 crore or $54 million post-allotment. The New Delhi-based company is known through its content and IPs on social channels Alright! and Playground with over 500 million monthly views, and their shows on OTT platforms. Rusk Media has recorded a 40.6% yearly growth in its revenue to Rs 56.8 crore in the previous fiscal year (FY24). At the same time, the firm’s losses were reduced by 56% to Rs 28.7 crore.

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