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Toy manufacturing startup BIDSO secures Rs 63 Cr in Series A led by Blume Ventures

EntrackrEntrackr · 11d ago
Toy manufacturing startup BIDSO secures Rs 63 Cr in Series A led by Blume Ventures
Medial

Toy manufacturing startup BIDSO secures Rs 63 Cr in Series A led by Blume Ventures Toy manufacturing startup BIDSO has secured Rs 63 crore ($6.7 million) in a Series A funding round led by Blume Ventures, comprising Rs 51 crore in equity and Rs 12 crore in venture debt. The round also saw participation from existing investors Peer Capital and Sadev Capital, while venture debt was raised from Alteria Capital. The Bengaluru-based startup had previously raised $1.5 million in August 2023, including $1.2 million in a seed round led by PeerCapital and $300,000 in a pre-seed round from DeVC and other investors such as Mohit Sadaani, Nishit Garg, OfBusiness Founders Fund, Saurabh Jain, and Revant Bhate. The fresh funds will be used to enhance product design and manufacturing capabilities, expand its manufacturing footprint and production capacity, and grow its product portfolio, BIDSO said in a press release. Co-founded in 2022 by Ashwin Jain and Rahul Agarwal, BIDSO is a design-led manufacturing platform that helps consumer brands design, develop, and manufacture customised products at scale. Its integrated platform spans product design, engineering, licensing, and manufacturing, enabling brands to bring new products to market faster while serving as a long-term supply partner. Over the past 12 months, BIDSO claims to have gained strong traction through global B2B partnerships with leading toy brands. The company has also acquired licenses for globally recognised characters such as Peppa Pig, Harry Potter, Transformers, and NASA, allowing it to develop licensed product ranges for brand partners. These developments, along with an expanded product portfolio and increased manufacturing capacity, have helped BIDSO more than double its revenue over the past year. While currently focused on the toys segment, BIDSO plans to expand into adjacent consumer product categories by leveraging its design, engineering, and manufacturing capabilities. The company also aims to contribute to the Make in India initiative by strengthening demand and enhancing the capabilities of Indian SME manufacturers, while improving transparency and efficiency across the supply chain through a curated partner network. BIDSO's revenue surged to Rs 41.25 crore in FY25 from Rs 7.52 crore in FY24, while its losses edged up slightly to Rs 6.44 crore from Rs 5.67 crore.

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Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

EntrackrEntrackr · 11m ago
Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures
Medial

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact. Shashank Pathak 05 May 2025 11:12 IST Follow Us New Update Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact, Supermorpheus, and returning investor Cocoon Capital have also participated. The total funding raised by the Bengaluru-based startup now stands at $4.02 million. The proceeds will be used to scale up manufacturing and expand its team. Founded in 2019 by Animesh Kumar Jha, Volt14 focuses on developing silicon-based anode materials for lithium-ion batteries. It has also developed an in-house cylindrical battery cell format demonstrating energy density enabled by its silicon anode. Volt14 claims that its technology increases silicon content in anodes while maintaining performance levels and is currently being evaluated by multiple battery cell manufacturers. According to market research, the lithium-ion battery sector is projected to exceed $300 billion by 2034, driven by electric vehicle adoption and energy storage expansion. Blume Ventures, the lead investor in this round, is also one of the early backers of Battery Smart, which is the most funded startup in the space.

goSTOPS bags Rs 35 Cr in Series A round led by Blume Ventures

EntrackrEntrackr · 1y ago
goSTOPS bags Rs 35 Cr in Series A round led by Blume Ventures
Medial

goSTOPS bags Rs 35 Cr in Series A round led by Blume Ventures Youth travel hostel brand goSTOPS has raised Rs 35 crore ($4.2 million) in its Series A round led by Blume Ventures and co-led by 1Crowd. Mumbai Angels, Chennai Angels, Indian Angel Network, Lead Angels, and Yuj Ventures also participated in the round. Earlier in December 2021, goSTOPS had raised $1 million in a bridge round funded by existing investors including The Chennai Angels, Mumbai Angels, and Yuj Ventures. The proceeds will be used to strengthen operations, enhance technology, and elevate the social and experiential aspects of its existing properties. The company is also finalising debt partnerships to expand its war chest for the brand's expansion. Founded by Pallavi Agarwal and Pankaj Parwanda, goSTOPS offers vibrant, social, and design-led spaces for the new generation. The Delhi-based firm plans to expand its capacity from 2,500 to 10,000 beds across 100 locations in the next 24 months, achieving 4X growth. According to market research, 70% of young travellers now prefer hostels over traditional hotels, underscoring the growing demand for the category. goSTOPS competes with The Hosteller, Wudstay, and Backpackers Panda, among others.

Binny Bansal-backed SuperK raises Rs. 31 Cr ($3.7M)

EntrackrEntrackr · 2y ago
Binny Bansal-backed SuperK raises Rs. 31 Cr ($3.7M)
Medial

Tech-enabled grocery retail chain SuperK has raised Rs 31 crore approximately ($3.7 million) in its Series A round led by Catalyst Trusteeship Limited (Blume Venture). This marks the first fundraise for the Hyderabad-based company in 2024. The board at SuperK has passed a special resolution to issue 4,521 Series A CCPS at an issue price of Rs 68,569 each to raise Rs 31 crore, its regulatory filing sourced from the Registrar of Companies show. Catalyst Trusteeship (Blume Venture) spearheaded the round with Rs 21.65 crore while VSS Investment Fund, Veltis Capital, Stargazer Fund, CoralBay Ventures, Silver Needle VenturesHOF Profectus, IA Growth Opportunities, and Abhishek Goyal collectively poured the rest of the amount. The company will use these investments to meet its growth and expansion objectives and to strengthen its financial position, the filing further added. Following the fresh proceeds, Blume Ventures holds 10.1% while Silver Needle Ventures and Veltis Capital will command 1.26% and 1.06% of the company. See TheKredible for the complete shareholding pattern. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 198 crore or $24 million (post-money). This marks a 25% down in its valuation when compared to its last fundraising. The company has raised around $15 million to date including its $5.5 million led by Binny Bansal-backed 021 capital in March 2022. Founded in 2019, SuperK operates a grocery retail chain with an asset-light franchise model. The company claims to have more than 100 stores across Kadapa and Anantapur. SuperK showcased strong financial performance in the last fiscal year as its revenue surged 3X to Rs 59 crore in FY23 from Rs 19.2 crore in FY22. Meanwhile, the firm’s losses stood at Rs 23.5 crore in the same period.

Go Zero secures Rs 30 Cr in Series A round

EntrackrEntrackr · 1y ago
Go Zero secures Rs 30 Cr in Series A round
Medial

Snippets Go Zero secures Rs 30 Cr in Series A round Ice cream brand Go Zero has raised Rs 30 crore (around $3.4 million) in its Series A funding round from existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures Ice cream brand Go Zero has raised Rs 30 crore (around $3.4 million) in its Series A funding round from existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures. Subtle participation also came from notable investors Aman Gupta (through Shark Tank India) and Namita Thapar (outside the tank). With this round, Go Zero has raised a total of $6 million to date. Earlier in June 2024, Go Zero raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures. The proceeds will be used to fuel supply chain expansion, innovation in product offerings, and brand growth as Go Zero continues its expansion on quick-commerce platforms in tier I and tier II markets. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Since its inception in July 2022, Go Zero claims to have offer 100% sugar-free products with 50% fewer calories than traditional ice creams. The brand has achieved 5X revenue growth in its second year and 3X in the third. Despite January being the off-season for ice cream sales, Go Zero recorded its highest-ever sales in January 2025, crossing Rs 5 crore in revenue. With a strong presence across Mumbai, Delhi, Pune, Bangalore, and Hyderabad, Go Zero is also set to launch new guilt-free formats, including kulfi sticks and cassata. The firm currently operates two manufacturing units in Mumbai and Bangalore. Go Zero competes with Hangyo Ice Cream, Hocco, and NIC. In 2023, NIC raised $11 million in a funding round led by Jungle Ventures, while Hocco also secured $12 million from the Chona family and other investors. Meanwhile, Hangyo Ice Cream secured India's largest venture funding for an ice cream brand, raising $25 million from Faering Capital in August last year.

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