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Truboard Partners raises Rs 20 Cr led by Earth Fund

EntrackrEntrackr · 2d ago
Truboard Partners raises Rs 20 Cr led by Earth Fund
Medial

Truboard Partners raises Rs 20 Cr led by Earth Fund Asset performance platform Truboard Partners has secured Rs 20 crore ($2.2 million) in a funding round led by Earth Fund, an environment- and sustainability-focused venture capital platform. The Mumbai-based company had previously raised $2.7 million in July 2022. The proceeds will be used to strengthen its product foundation and scale the platform responsibly across asset classes, Truboard Partners said in a press release. Co-founded in 2020 by Srickant Rajagopal, Nandkumar Surti, and Vipul Thakore, Truboard Partners offers AI-driven asset performance management software that provides comprehensive portfolio intelligence to lenders, equity investors, and asset owners managing real and financial assets. The platform enables 360-degree visibility into investment performance, risk management, and operational efficiency, helping institutions optimise portfolio IRRs through data-driven decision-making. According to the company, its platform is used by investors and operators to manage complex, multi-asset portfolios across India’s real estate and energy markets, supported by recent expansions into the US and EU. Truboard Partners works with developers, lenders, and institutional investors, providing a common operating layer for portfolio management across real estate and energy assets, spanning both debt and equity structures. The company aims to address gaps in India’s real asset ecosystem by bringing structure and transparency to post-investment asset monitoring in real estate and clean energy infrastructure. By converting fragmented data into actionable insights, the platform reduces lender visibility timelines from months to days, improves risk management, and enables asset owners to generate 2–3% higher returns.

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Wealth-tech startup AssetPlus raises Rs 175 Cr led by Nexus Venture Partners

EntrackrEntrackr · 1m ago
Wealth-tech startup AssetPlus raises Rs 175 Cr led by Nexus Venture Partners
Medial

Wealth-tech startup AssetPlus has secured Rs 175 crore (approximately $19.3 million) in a funding round led by Nexus Venture Partners, with participation from existing investors Eight Roads Ventures and Rainmatter Fund. The Chennai-based firm had previously mopped up $12.9 million from InCred Capital and others. The fresh proceeds will be deployed to deepen its technology stack and expand product offerings, AssetPlus said in a press release. Co-founded in 2016 by Vishranth Suresh and Awanish Raj, AssetPlus provides a digital platform for Mutual Fund Distributors (MFDs) and investors, streamlining mutual fund investing through technology. The company aims to democratize finance by offering seamless digital tools, ONDC integration, and AI-led advisory solutions to enhance financial empowerment. AssetPlus has also diversified into insurance products, including term and health plans, as well as fixed deposits and retirement-oriented offerings. Over the next six months, it plans to roll out Portfolio Management Services (PMS) and enable global investment options for customers via GIFT City. The company claims it currently partners with more than 18,000 MFDs across India. Through this network, AssetPlus manages assets exceeding Rs 7,250 crore, oversees a monthly systematic investment plan (SIP) book of over Rs 100 crore, and serves more than 1.5 lakh customers nationwide. According to AssetPlus, its customer base is largely retail, with typical portfolios ranging from Rs 5 lakh to Rs 2 crore. On the SIP front, customers invest an average of Rs 10,000-12,000 per month across different funds. The company reported revenue of about Rs 33.9 crore and a net loss of Rs 21 crore for the fiscal year ended March 2025.

The Bear House raises Rs 50 Cr in Series A round led by JM Financial

EntrackrEntrackr · 10m ago
The Bear House raises Rs 50 Cr in Series A round led by JM Financial
Medial

The Bear House raises Rs 50 Cr in Series A round led by JM Financial The Bear House, a popular men’s fashion brand, has raised Rs 50 crore ($5.84 million) in its Series A round led by JM Financial India Growth Fund III. The proceeds will be used to open more physical stores, boost branding efforts, and meet working capital needs. The Bear House sells products like shirts, t-shirts, jeans, and footwear. It has mainly been sold online through platforms like Myntra, Flipkart, and Nykaa. Led by Harsh Somaiya, the firm opened its first physical store in Bengaluru in March 2025. It now plans to launch 20 more stores across India in the next two years. The Bengaluru-based startup claims to have already built a Rs 150 crore online brand while staying profitable and self-funded until now.

Shadowfax raises Rs 850 Cr from anchor investors

EntrackrEntrackr · 1m ago
Shadowfax raises Rs 850 Cr from anchor investors
Medial

Shadowfax raises Rs 850 Cr from anchor investors Logistics and last-mile delivery firm Shadowfax Technologies has raised around Rs 850 crore ($95 million) from anchor investors, marking a strong start ahead of the launch of its initial public offering. According to disclosures, the Bengaluru-based company allotted close to 6.9 crore equity shares to anchor investors at Rs 124 per share, which is the upper end of the IPO’s price band. The anchor book saw participation from a mix of leading domestic mutual funds and global institutional investors. Among domestic investors, ICICI Prudential Mutual Fund emerged as the largest anchor investor, while other participants included Nippon India Mutual Fund, Motilal Oswal Mutual Fund, and several insurance and pension funds. On the global side, marquee names such as Government Pension Fund Global (Norges Bank), HSBC Global Investment Funds, Societe Generale, and Eastspring Investments also picked up stakes in the anchor round. Shadowfax’s IPO comprises a fresh issue of around Rs 1,000 crore and an offer-for-sale (OFS) component of approximately Rs 907 crore, where marquee backers, including Flipkart India, Eight Roads Investments, International Finance Corporation, Nokia Growth Partners, NewQuest Asia Fund, and Miare Asset, will offload portions of their stakes. The lot size has been set at 120 shares, meaning retail investors will need approximately Rs 14,880 at the upper end of the band to apply for one lot. Shadowfax is targeting a post-money valuation near Rs 7,400 crore, lower than earlier internal drafts. Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, the Bengaluru-based firm provides last-mile delivery across e-commerce and hyperlocal sectors, serving over 14,000 pin codes through 1.25 lakh delivery partners. According to data from TheKredible, Shadowfax has raised approximately $246 million to date. Eight Roads Ventures is the largest external stakeholder, followed by Flipkart, NewQuest Asia, and Nokia Growth Partners. Shadowfax reported 32% year-on-year growth in revenue to Rs 2,485 crore in FY25, along with a net profit of Rs 6.4 crore. For the first half of FY26, the company booked Rs 1,806 crore in revenue and Rs 21 crore in profit.

Showroom B2B raises Rs 150 Cr in Series A round led by Cactus Partners

EntrackrEntrackr · 10d ago
Showroom B2B raises Rs 150 Cr in Series A round led by Cactus Partners
Medial

Showroom B2B, a supply chain platform in the fashion and apparel sector, has raised Rs 150 crore (around $17 million) in a Series A funding round led by Cactus Partners. The round includes a mix of equity and debt. New investor Zephyr Peacock participated in the round, while existing investors Jungle Ventures, Accion Venture Lab, and NBD Ventures also followed on. Earlier in October 2023, Showroom B2B had raised $6.5 million in a pre-Series A funding round led by Jungle Ventures with participation from Accion Venture Lab and others. The fresh capital will be used to expand its technology-led supply chain, strengthen enterprise partnerships, and scale manufacturing and sourcing capabilities across India. It will also support platform enhancements to manage more complex sourcing requirements from large-format and institutional retail customers. Showroom B2B is a Gurugram-based, tech-enabled apparel sourcing and manufacturing platform. Founded by Abhishek Dua and Shubham Gupta, the firm provides an integrated design-to-delivery sourcing model for organised retailers, apparel brands, and buying houses in India and overseas. The platform works across categories such as denim, knits, woven apparel, and kidswear, combining its own manufacturing units with a network of audited partner factories. This marks the 12th investment from Cactus Partners’ maiden fund. In February 2024, the VC firm had announced the final close of its first fund. The fund has secured a total corpus of more than Rs 630 crore.

Stylework raises Rs 30 Cr in pre-Series B led by Equentis

EntrackrEntrackr · 3m ago
Stylework raises Rs 30 Cr in pre-Series B led by Equentis
Medial

Stylework, a SaaS-based flex workspace aggregator, has raised Rs 30 crore (around $3.39 million) in its pre-Series B round led by Equentis Angel Fund at a pre-money valuation of Rs 250 crore ($28.5 million). The round also saw participation from Karekeba Ventures / Cogniphy AIF Fund, LetsVenture Fund, MoneyVyapaar, and other existing investors. The proceeds will be used in its AI-driven SaaS marketplace, expand in domestic and international markets, and hire leadership roles across product, business, and enterprise growth. It plans to invest in predictive analytics, utilisation dashboards, and tools that help operators, channel partners, and enterprises manage workspace portfolios. Stylework works on an aggregator model connecting enterprises with coworking and managed office operators. It provides a unified Master Service Agreement (MSA) framework that allows companies to access workspaces across India without separate vendor onboarding. The firm claims to have maintained profitability over the past year and reports an annualised GMV of Rs 280 crore, over 70,000 seats sold, and a network covering 125 cities. It partners with more than 650 coworking and managed office operators operating over 5,000 centres. As per market research, India’s flexible office market is estimated at $3.5 billion and is projected to cross $11 billion by FY29, driven by enterprise adoption of serviced offices and the expansion of Global Capability Centres (GCCs).

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