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WanderOn raises Rs 54 cr in Series A fund raise, from DSG Consumer Partner & Client Associates Alternate Fund (CAAF) investors

Economic Times

Economic Times · 11h ago

WanderOn raises Rs 54 cr in Series A fund raise, from DSG Consumer Partner & Client Associates Alternate Fund (CAAF) investors

WanderOn, an experiential travel brand targeting Gen Z and millennial travelers, secured Rs 54 crore in a Series A funding round led by DSG Consumer Partners and CAAF. Previously bootstrapped, the company grew significantly post-Covid and intends to expand further with this new funding. The investment will enhance technology and expand WanderOn's destination portfolio, focusing on adventure, sports, and wellness travel experiences. Founded by NIT Kurukshetra engineers, WanderOn caters to both domestic and international travelers.

Related News

Wealth management firm Client Associates marks first close of maiden VC fund

VCCircle

VCCircle · 1y ago

Wealth management firm Client Associates marks first close of maiden VC fund

Wealth management firm Client Associates has reached the first close of its debut venture capital fund, Client Associates Alternate Fund (CAAF). Client Associates is aiming to raise INR 500 crore ($67.8m) for the fund, with a potential additional INR 200 crore available. CAAF will primarily target investments in pre-Series A, Series A, and pre-Series B and Series B start-ups in consumer and consumer-related sectors and financial services. The fund aims to have a portfolio of 12-15 companies, investing between INR 10 crore and INR 50 crore per company. The final close of the fund is expected by March 2025.

Client Associates Marks First Close Of INR 300 Cr Fund; Targets Early, Growth-Stage Deals

Inc42 · 1y ago

Client Associates Marks First Close Of INR 300 Cr Fund; Targets Early, Growth-Stage Deals

Wealth management firm Client Associates has announced the first close of its maiden Category II alternative investment fund (AIF) at INR 300 Cr ($36 Mn). The Client Associates Alternate Fund (CAAF) will focus on investing in consumer tech startups at the Pre-Series A to Series B stages, with cheque sizes between INR 10 Cr - INR 50 Cr per deal. The firm aims to raise commitments of INR 500 Cr ($60 Mn) and close the fund by the end of FY25. The fund has attracted interest from domestic family offices and ultra-high-net-worth individuals.

Gen Z travel startup WanderOn bags Rs 54 crore in Series A funding

Economic Times

Economic Times · 11h ago

Gen Z travel startup WanderOn bags Rs 54 crore in Series A funding

WanderOn, an experiential travel startup targeting Gen Z and millennials, secured Rs 54 crore in Series A funding, led by DSG Consumer Partners and CAAF. The company, which has already achieved over Rs 100 crore in business, plans to expand its destination portfolio and invest in technology. This aligns with the growing trend of experiential travel driven by pop culture, offering immersive trips focusing on personal growth and connection. Founded by NIT Kurukshetra engineers, WanderOn has served over 1 lakh travelers.

Travel brand WanderOn bags Rs 54 Cr in Series A from DSG and CAAF

Entrackr

Entrackr · 10h ago

Experiential travel brand WanderOn has raised Rs 54 crore in Series A funding round co-led by DSG Consumer Partners and CAAF. The fresh funds will be utilized to build more immersive and accessible travel experiences, expand destination portfolio, strengthen high-demand categories such as adventure, sports-led and wellness travel, and invest further in technology to enhance the entire traveller journey, WanderOn said in a press release. Co-founded in 2017 by Chirag Jain, Ravi Khokher, Madhusudan Jaju, and Govind Gaur, WanderOn is a travel-tech company that offers community-focused, curated group travel experiences (road trips, treks, custom tours) for millennials and Gen Z in India and abroad, emphasizing unique offbeat destinations and hassle-free, budget-friendly trips with strong social media presence. The platform focuses on creating memorable travel communities for young adults. The Gurugram-based company aims to reach travellers across the country, offering a seamless, intuitive end-to-end journey. Operating on a direct-to-consumer (D2C) model, the platform specializes in experiential group travel packages, leveraging digital storytelling, influencer collaborations, and organic marketing to attract adventure enthusiasts. Its revenue model is driven by pre-booked travel packages, add-on experiences, and exclusive brand partnerships. WanderOn claims that it has taken over 1 lakh travellers across more than 40 domestic and international destinations, with a strong share driven by repeat customers. It has scaled to over a Rs 100 crore business on a bootstrapped model, while doubling year-on-year in the post-Covid period. It may directly or indirectly compete with other notable players in this space such as Thrillophilia, TravelTriangle, Tripoto, and Holidify.

Salad Days raises Rs 30 Cr in Series A round

Entrackr

Entrackr · 11m ago

Salad Days raises Rs 30 Cr in Series A round

Healthy food brand Salad Days has secured Rs 30 crore ($3.6 million) in Series A funding round co-led by V3 Ventures and Client Associates Alternate Fund (CAAF). Notably, this marks the company's first institutional funding round after operating profitably as a bootstrapped venture for more than 10 years. The fresh capital will be deployed for omnichannel expansion and strengthening operational capabilities, the company said in a press release. Salad Days will focus on new store openings, enhanced technological infrastructure, talent acquisition, and elevated marketing initiatives. Founded in 2014, Salad Days operates through a network of 25 cloud kitchens, with 12 outlets in Delhi-NCR, 9 in Bengaluru, and 4 in Mumbai. The brand offers an extensive menu that goes beyond salads to include grain bowls, sandwiches, pita pockets, oatmeal bowls, soups, cold-pressed juices, smoothies, and desserts. “As India's healthy food market expands rapidly, projected to reach $30 billion by 2026, we're uniquely positioned to cater to the growing demand for healthy and wholesome meals at affordable price points,” said Varun Madan, founder and CEO of Salad Days. Salad Days currently sells through its website, centralized phone lines and major food aggregators including Swiggy, Zomato, and ONDC. Bombay Salad Co. is one of the closest competitors of Salad Days.

Miraggio raises $6.5 million in round led by RPSG Capital, Client Associates Alternate Fund

Economic Times

Economic Times · 8m ago

Miraggio raises $6.5 million in round led by RPSG Capital, Client Associates Alternate Fund

Miraggio, a fashion handbag and accessories brand, secured $6.5 million in a funding round led by RPSG Capital Ventures and Client Associates Alternate Fund. The funds will support retail expansion, technology integration, and team growth. Miraggio aims to open 15-20 stores and launch 500 new products over the next two years. Positioned to fill a market gap with luxury at affordable prices, the brand targets fashion-conscious women in tier I to III cities, leveraging digital channels and expanding offline presence.

Niyo’s revenue surges 2.8X to Rs 131 Cr in FY23

Entrackr

Entrackr · 2y ago

Niyo’s revenue surges 2.8X to Rs 131 Cr in FY23

Fintech firm Niyo experienced a significant 2.8X growth in scale during the fiscal year ending March 2023 following a $30 million investment from Multiples Alternate Asset Management. The company also managed to reduce its losses in the same period. Revenue from operations increased from Rs 47 crore to Rs 131 crore, with revenue from network partner services contributing 54% of total collections. Niyo plans to focus on the travel-tech space in the upcoming period.

Mariwala family office hires DSG Consumer advisor as partner

VCCircle

VCCircle · 2y ago

Mariwala family office hires DSG Consumer advisor as partner

Mariwala Family Office, led by Rishabh Mariwala, has appointed Chaitanya Rathi, an advisor at DSG Consumer Partner, as a partner. The family office, which has assets worth over $350 million, seeks to strengthen its team with Rathi's expertise.

Ivy Growth Associates rolls out new fund for startups

VCCircle

VCCircle · 1y ago

Ivy Growth Associates rolls out new fund for startups

Micro venture capital firm Ivy Growth Associates has launched Arigato Capital, a category-I alternative investment fund VC fund with a target corpus of INR 250 crore (around $30 million). The fund will focus on investing in startups in emerging sectors such as agritech, cleantech, AI, fintech, consumer brands, and SaaS companies. Arigato Capital aims to raise capital in June 2024 and make investments over the next 15-18 months, targeting a first close at INR 100 crore. Ivy Growth Associates plans to establish a global corridor to connect angel investors and startups.

TA Associates bets on lender Vastu Housing Finance in secondary deal

VCCircle

VCCircle · 1y ago

TA Associates bets on lender Vastu Housing Finance in secondary deal

US private equity firm TA Associates has invested an undisclosed amount in Indian mortgage lender Vastu Housing Finance. TA Associates made the investment through its $16.5bn global fund. The transaction provided a partial exit for Renuka Ramnath's Multiples Alternate Asset Management, which holds a majority stake in Vastu Housing Finance. Vastu offers affordable housing finance to lower and middle-income segments, as well as loans against properties to micro, small and medium firms.

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