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Thimblerr raises $1.4 Mn led by Inflection Point Ventures

EntrackrEntrackr · 11d 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 30–60 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 India’s fast fashion manufacturing industry, which is valued at around $5 billion and growing 25–30% annually. Co-founder Jalan said the company wants to bring speed, transparency, and reliability to India’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.

Related News

LoanKuber raises $3.5 Mn led by TRTL VC, IPV, others

EntrackrEntrackr · 1y ago
LoanKuber raises $3.5 Mn led by TRTL VC, IPV, others
Medial

Mortgage brand LoanKuber, which operates Janasha Finance, has raised $3.5 million in a pre-Series B round led by Singapore-based TRTL VC and existing backer Inflection Point Ventures. The round also saw participation from Auxano, LetsVenture, Mavuca Capital as well as angel investors such as Ruchi Deepak (co-founder, Acko), Prashant Tandon (co-founder, 1mg) and Pankaj Vermani (co-founder, Clovia). Earlier in February last year, the startup had raised $2 million in Series A round led by Inflection Point Ventures and others. It has raised $13 million to date. The proceeds will be used for expanding its assets under management (AUM), which currently stand at approximately Rs 93 crore. It will also be deployed in technological infrastructure and help strengthen its leadership team. Founded in 2017 by Saurabh Nagpal, LoanKuber provides customised mortgage loans to undeserved MSMEs. It claims to build an automated institutional co-lending platform for micro-mortgages allowing for competitive pricing to the end customer while generating significantly higher yields on its own NBFC balance sheet. The company has created hybrid acquisition channels that include a digital connector platform, lead generation platform, and low-cost branches reducing customer acquisition costs by 30%. According to LoanKuber, it has put strong focus on unit metrics/capital efficiency and frugal operations has helped LoanKuber build a profitable business since inception. With the net worth now increasing to around Rs 51 crore, LoanKuber plans to scale its AUM to approximately Rs 180 crore within the next 12 months.

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