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Vijya Fintech raises Rs 7 Cr in an angel round

EntrackrEntrackr · 1y ago
Vijya Fintech raises Rs 7 Cr in an angel round
Medial

Wealth tech platform Vijya Fintech Private Limited (VFPL) has raised Rs 7 crore in an angel round bringing the total investment in the company to Rs 15 crore. The investors in the round include Lemon Tech, Lemon Emerging Ventures, Veloce Fintech, and tech experts. VFPL had raised $1 million (around Rs.8.25 crore) from multiple investors in November 2022. The funds will be strategically used in growth initiatives, ramp up go-to-market strategies, and expand market reach, the company said in a press release. Founded by Aakash Bansal, Paresh Paladiya and Rajesh Soni, VFPL’s wealth management platform offers easy integration for investors, distributors, advisors, and stockbrokers, delivering insights and solutions to financial intermediaries. The company said that over 2,000 intermediaries like mutual fund distributors (MFDs), registered investment advisors (RIAs) and stock brokers have been using their platform. The firm also plans to launch MIDASX, an innovative B2B2C marketplace to transform financial interactions.

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Argos Watches raises Rs 6.5 Cr in Angel round

EntrackrEntrackr · 3m ago
Argos Watches raises Rs 6.5 Cr in Angel round
Medial

Argos Watches raises Rs 6.5 Cr in Angel round Indian luxury watch brand Argos Watches has raised Rs 6.5 crore (around $780K) in an angel funding round, valuing the company at Rs 45 crore ($5.4 million) from a group of high-net-worth Indian investors. The proceeds will be used to create new products, build brand awareness, and grow online. Argos aims to double its revenue this year. Founded by Mr. M. Shahiwala, Argos brand offers high-quality, vintage-style automatic and hand-wound watches at affordable prices. It sells its watches only through its website, using a direct-to-consumer model to offer an easy buying experience. Its watches cost between Rs 8,000 and Rs 20,000. Its Apollo series and flagship Olympus watch, a mechanical watch with a power reserve indicator, have gained popularity among Indian watch enthusiasts. As of 2025, Argos remains bootstrapped, with an estimated revenue of around $580,000 annually. The brand plans to launch more models with advanced features while continuing to build its brand through community engagement and digital presence.

Hudle raises Rs 7 Cr in pre-Series A round

EntrackrEntrackr · 1y ago
Hudle raises Rs 7 Cr in pre-Series A round
Medial

Sportstech platform Hudle has raised Rs 7 crore in its pre-Series A round led by Inflection Point Ventures and Sky Impact Capital. The round also saw participation from Survam Partners and Anay Ventures. The proceeds will be used for footprint expansion, product enhancements and marketing efforts, the company said in a press release. Founded by Suhail Narain, Arjun Singh Verma and Sonam Taneja, Hudle is a sports tech platform catering to the preventive healthcare market. It helps sports and fitness enthusiasts to discover venues in their hyper local markets, book sports activities and connect with like-minded individuals to form communities. Backed by brand ambassadors like Ajinkya Rahane, Hudle claims to have facilitated over one lakh games per month across 1,300 venues in 60 cities. It has an engaged community of over five Lakh players. Last month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round and fintech mobility startup Pumpumpum. Its recent investments include BonV Aero, AllTrak, and Onedioss, among others. According to data intelligence platform TheKredible, Inflection Point Ventures emerged as the most active investors in Q1 2024 with 11 investments. Blume Ventures, Venture Catalysts and Fireside Ventures were next on the list.

Ice popsicle brand Skippi raises Rs 12 Cr in extended pre-Series A round

EntrackrEntrackr · 23d ago
Ice popsicle brand Skippi raises Rs 12 Cr in extended pre-Series A round
Medial

Ice popsicle brand Skippi has raised Rs 12 crore ($1.4 million) in an extended pre-Series A funding round led by the Dubai based strategic family offices of Surya, which invested Rs 10 crore. The remaining Rs 2 crore came from other angel investors. The startup was featured in Shark Tank India Season 1, where it secured Rs 1.2 crore from all six sharks: Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal, in exchange for an 18 percent equity stake. Since then, the company claims to have grown its monthly revenue 80 times, from Rs 5 to 7 lakh to several crore. The Hyderabad based company had previously raised 1.43 million dollars in a seed round in April 2024 from Hyderabad Angels and others. According to a press release, the fresh funds will be used for growth initiatives, enhancing brand visibility, strengthening working capital, accelerating product innovation, onboarding senior leadership, and expanding into the Middle East market. Co-founded in 2021 by Ravi and Anuja Kabra, Skippi specializes in natural ice pops made with all-natural ingredients and RO water. The brand offers a range of flavors including traditional Indian options like Kala Khatta and follows an omnichannel retail model, selling through its website, online marketplaces, and a network of distributors and stockists. Skippi’s products are now available in over 20,000 retail outlets across India and on platforms such as Zepto, Swiggy Instamart, Amazon, BigBasket, and its own website. The company has also diversified its portfolio with new offerings such as Crazy Corn, Cornsticks, and Cream Rolls.

Bambrew raises Rs 60 Cr led by Blume Ventures

EntrackrEntrackr · 1y ago
Bambrew raises Rs 60 Cr led by Blume Ventures
Medial

Cleantech startup Bambrew has raised Rs 60 crore (approximately $7 million) in a mix of debt and equity series A round led by Blume Ventures. This marks the first investment for the Bengaluru-based company in 2024. Blue Ashva Capital, Mumbai Angels, Indus Capital, and angel investors including Sreevathsa Prabhakar, Mandeep Manocha, and RK Narayan also participated in the round. The funds will go towards broadening the company’s reach into primary packaging for consumer goods, food, and beverages, enhancing manufacturing capabilities, investing in research and development, and bolstering the team, Bambrew said in a statement. Founded in 2019, Bambrew is a green packaging startup that offers eco-friendly products made from bamboo, sugarcane, and seaweed. Its handmade and reusable products serve as natural alternatives to plastic. Their offerings cater to a range of sectors such as fashion, pharmaceuticals, food and beverages, retail, and logistics. Bambrew asserts that they have successfully prevented over 20,000 kilograms of plastic waste to date and have received over 20,000 orders. Banbrew has raised around Rs 80 crore so far including its seed round of Rs 18 crore led by Blue Ashva Capital in 2021. Before the latest Series A injection, Blue Ashva was the largest external stakeholder in the company with 13.11 % followed by Suvita Investments. Head to TheKredible for the complete shareholding. Bambrew has been growing at a rapid clip which is evident from its year-on-year growth during the previous fiscal year. Its revenue from operations surged 4.7X to Rs 44.23 crore in FY23 while the losses stood at Rs 18 crore during the same period.

EV financing startup Perpetuity Capital raises Rs 7 Cr

EntrackrEntrackr · 1y ago
EV financing startup Perpetuity Capital raises Rs 7 Cr
Medial

Perpetuity Capital, a fintech platform specializing in clean-tech mobility, has raised Rs 7 crore through Non-Convertible Debentures (NCDs) from N+1 Capital and RevX Capital. Perpetuity Capital plans to utilise these funds to enhance its lending capabilities and expand its loan book, particularly focusing on the regions of East India. This strategic move is aimed at promoting the adoption of environmentally friendly mobility solutions in these states. Led by Karamveer Dhillon, Perpetuity Capital helps delivery drivers and autorickshaw drivers avail finance to purchase electric vehicles for commercial use. In October 2023, Perpetuity Capital raised Rs 5 crore in debt from Clime Finance. In the electric vehicle financing space, Perpetuity Capital competes with Vidyut, Revfin, Finayo, Mufin Green Finance, OTO, evfin, and Hero FinCorp, among others. Revfin raised $14 million in Series B round led by Omidyar Network in December whereas Vidyut raised $10 million in February this year.

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