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Bower raises Rs 11.5 Cr in seed round

EntrackrEntrackr · 9m ago
Bower raises Rs 11.5 Cr in seed round
Medial

Bower raises Rs 11.5 Cr in seed round Bower School of Entrepreneurship has raised Rs 11.5 crore ($1.33 million) in seed funding from High-Net-Worth Individuals (HNIs) and Astir Ventures. The proceeds will be used to support the development of an AI-powered course builder platform, new partnerships with industry players, and physical campuses in Southeast Asia, the Middle East, Europe, and the USA. Bower plans to impact over 15,000 students and reach Rs 15 crore in revenue across all verticals by FY26. The institution reported Rs 1.5 crore in revenue for the fourth quarter of FY25. Founded by Pavan Allena, Bower offers entrepreneurship programs for students and professionals. These include Bower SEED for K-12 students, Bower LEAD for working professionals, and the upcoming Bower UG undergraduate program starting in August 2025. So far, Bower has worked with over 5,000 students, registered 1.5 crore in bookings within three months of launch, and operates with 27 team members and 63 faculty. The executive program, Bower LEAD, will run four cohorts in 2025 with up to 150 participants expected.

Cross-border logistics startup Xindus bags $10 Mn in pre-Series A round

EntrackrEntrackr · 9m ago
Cross-border logistics startup Xindus bags $10 Mn in pre-Series A round
Medial

Cross-border logistics startup Xindus bags $10 Mn in pre-Series A round The proceeds will be used to expand its operations, scale from 1,000 to 10,000 customers over the next 12–18 months, and drive gross merchandise value to $200 million, Xindus said in a press release. Cross-border logistics startup Xindus has raised $10 million in a pre-Series A funding round from 3One4 Capital and Orios Venture Partners. The round also saw participation from its existing investors, Shastra VC and Caret Capital. The company had previously raised $5.46 million from its existing investors. The proceeds will be used to expand its operations, scale from 1,000 to 10,000 customers over the next 12–18 months, and drive gross merchandise value to $200 million, Xindus said in a press release. Co-founded in 2022 by Saurabh Goyal, Madan Mohan, Jaikaar Singh, and Saptarshi Datta, Xindus simplifies cross-border trade through an integrated platform that helps businesses sell, ship, store, return, and get paid internationally. The company plans to introduce its flagship product, XindusOne, which will empower Indian SMEs to access global markets, streamline order fulfillment, ship worldwide, and navigate trade compliance and financial flows seamlessly. The Gurugram-based company eliminates the hassles of complex trade regulations, which most businesses struggle to keep up with. The company focuses on delivering fast, compliant growth at scale, so businesses can focus on selling and expanding across borders. According to market research, India is progressing from a $400 billion export economy toward surpassing $1 trillion. Xindus states that it has designed its platform to support sellers through dynamic policy shifts. Its tech-driven, full-stack approach provides businesses with an on-demand operational engine, akin to Amazon, Alibaba, Temu, and Shein—leveling the playing field and enabling SMEs to scale efficiently. Xindus claims to have a presence in markets such as the US and UK and aims to expand to Canada, Australia, Europe, and the Middle East. The company also claims to have supported over 1,000 SMEs and more than 500K global shipments. With over 200 marketplace integrations, it has reduced trade complexity and costs by 20%, with a 98.4% on-time delivery performance. The XindusOne stack allows businesses to configure the right global strategy, spanning international shipping, local fulfillment, trade and product compliance, and embedded legal entity services.

Exclusive: Get My Parking to raise fresh funds at 90% valuation surge

EntrackrEntrackr · 7m ago
Exclusive: Get My Parking to raise fresh funds at 90% valuation surge
Medial

Exclusive: Get My Parking to raise fresh funds at 90% valuation surge AI-based parking management system Get My Parking is all set to raise Rs 21.6 crore (approximately $2.5 million) in an extended Series A round led by existing investor IvyCap Ventures with participation from Legacy Assets LLP and others. This funding comes four years after Get My Parking raised $6 million in its Series A round in May 2021, led by IvyCap Ventures. The company’s board passed a resolution to issue 3,923 Series A2 compulsory convertible preference shares at an issue price of Rs 55,088 apiece to raise Rs 21.6 crore, according to its filing with the Registrar of Companies (RoC). Existing investor IvyCap will be leading the round with Rs 13 crore investment followed by Legacy Assets’ Rs 3 crore. The rest of the amount will be contributed by Manish Kohli, The Sarvasva Trust, and 7 other individual investors. The funds raised will be used to meet general business needs, including working capital requirements and expansion plans, the filing added. According to Entrackr’s estimates, Get My Parking’s valuation is expected to rise by nearly 90% to Rs 335 crore (approximately $39 million) post-allotment, up from Rs 177 crore during its previous $6 million funding round. Founded in 2015 by Chirag Jain and Rasik Pansare, Get My Parking offers smart parking solutions using IoT technology, enabling operators to digitize their parking spaces and manage them efficiently with features like automated entry, digital payments, and live availability updates. According to startup data intelligence platform TheKredible, the Bengaluru-based company has raised over $10 million since its inception. IvyCap Ventures is the largest external stakeholder with a 15.87% stake, followed by Europe’s leading parking operator, APCOA, which holds a 12% stake. Get My Parking reported over 50% growth in operating revenue to Rs 29.4 crore in the fiscal year ending March 2024, while reducing its losses by 57% to Rs 6.5 crore during the same period. Get My Parking competes with the Peak XV-backed Park+ which posted Rs 131 crore revenue in FY24. The company also competes with Parky, Park Smart, among others.

Exclusive: Scaler to raise $40 Mn at reduced valuation

EntrackrEntrackr · 7m ago
Exclusive: Scaler to raise $40 Mn at reduced valuation
Medial

Exclusive: Scaler to raise $40 Mn at reduced valuation Upskilling platform Scaler is finalizing a $40 million fundraise, according to people familiar with the matter. This would be its first funding round in over three years, with the last one, a Series B, in February 2022. “Lighthouse is likely to lead a new funding round in Scaler, with some existing investors also participating. The deal is in its final stages and, barring any last-minute changes, is expected to close in a few weeks,” said a source requesting anonymity due to the private nature of the discussions. Scaler has so far raised over $75 million across rounds from the likes of Lightrock India, Peak XV Partners, and Tiger Global. The firm last raised $55 million in Series B in February 2022 at a valuation of $710 million. However, sources indicated that this will be a down round, with Scaler's valuation expected to plunge to $350–$370 million after the new funding. In response to Entrackr’s queries, Scaler said it does not comment on market speculation, while Peak XV declined to comment. Lighthouse had not responded by the time of publication. Scaler specializes in upskilling college students and technology professionals by offering an intensive six-month computer science program. The course is delivered through live classes led by experienced tech leaders and subject matter experts. While Scaler has yet to disclose its FY25 numbers, the company’s revenue from operations grew to Rs 384.5 crore in FY24 from Rs 316.7 crore in FY23. Optimization of major expense categories helped the company reduce its overall losses by 58% to Rs 139 crore in FY24. At the beginning of FY25, Scaler laid off around 150 employees citing long-term growth and sustainability. It competes with Newton School, Masai School, and to some extent with Simplilearn. Many growth and late-stage startups are operating in a challenging funding environment, raising capital at flat or reduced valuations.

SkinInspired raises $2.9 Mn led by Spring Marketing Capital

EntrackrEntrackr · 14d ago
SkinInspired raises $2.9 Mn led by Spring Marketing Capital
Medial

Snippets SkinInspired raises $2.9 Mn led by Spring Marketing Capital New Delhi-based dermaceutical skincare brand SkinInspired has raised $2.9 million (Rs 24 crore) in a Series A funding round led by Spring Marketing Capital. The round also saw participation from Lotus Herbals’ Beauty Innovation Fund and Arihant Patni of Patni Financial Advisors. Existing investor Unilever Ventures participated as well. Earlier in July 2024, it raised Rs 12.25 crore (approximately $1.5 million) in its seed round led by Unilever Ventures and others. The proceeds will be used to scale research and product innovation, invest in brand building, and expand the team. SkinInspired also plans to widen distribution as it scales in India’s dermaceutical skincare market. Founded in 2022 by FMCG veteran Piyush Jain and dermatologist Dr. Prashant Agrawal, SkinInspired focuses on efficacy-led, clinically tested skincare products developed in collaboration with dermatologists. The company works with over 200 dermatologists and reports strong repeat usage across its portfolio. Agrawal said the brand will continue to prioritise formulation quality, ingredient transparency, and clinical validation, while adhering to vegan and cruelty-free standards. SkinInspired is also backed by angel investors including Arjun Vaidya, Ruchi Kohli, Chinmaya Goyal, Ana Kapur, Jivraj Singh Sachar, and Swapnil Sheth.

The Prompting Company snags $6.5M to help products get mentioned in ChatGPT and other AI apps

TechCrunchTechCrunch · 2m ago
The Prompting Company snags $6.5M to help products get mentioned in ChatGPT and other AI apps
Medial

The Prompting Company, a YC-backed startup, raised $6.5M seed funding from Peak XV Partners, Base10, Y Combinator, and others to help brands get mentioned in ChatGPT and AI apps through Generative Engine Optimization (GEO) — the AI-era version of SEO. Founded by Kevin Chandra, Michelle Marcelline, and Albert Purnama, the startup helps companies create AI-facing web pages optimized for LLMs rather than humans. Clients include Rippling, Rho, Motion, and a Fortune 10 company. With AI agents driving traffic and even purchases, The Prompting Company positions itself as the infrastructure for product discovery in AI interfaces, hosting over 500K pages and driving millions of monthly visits, as AI becomes the new distribution channel.

Nikhil Kamath and Kishore Biyani launch The Foundery to build early-stage startups in 90 days

EntrackrEntrackr · 28d ago
Nikhil Kamath and Kishore Biyani launch The Foundery to build early-stage startups in 90 days
Medial

Nikhil Kamath and Kishore Biyani have jointly launched The Foundery, a residential business launchpad aimed at identifying and building early-stage Indian startups. Positioned as a co-founder factory, The Foundery operates a 90-day residential programme where participants work on taking ideas from concept to an investible business. The model combines elements of a school, accelerator, and venture studio, with a strong focus on hands-on execution rather than classroom learning. Participants work closely with operators, investors, and domain experts to validate ideas, build products, test market fit, and structure companies. Those selected retain up to 25% equity in the ventures they help create. Startups that clear internal milestones can receive seed funding of up to Rs 4 crore, along with continued strategic support after the programme. The Foundery is open to aspiring founders, early-stage entrepreneurs, and mid-career professionals. The selection process prioritises problem-solving ability, creativity, and founder mindset over formal credentials or polished pitches. Applicants go through multiple evaluation rounds focused on idea clarity, execution thinking, and resilience. Mentors associated with The Foundery include Vijay Shekhar Sharma, Kunal Bahl, Mithun Sacheti, Varun Berry, Rama Bijapurkar, and Aakrit Vaish, among others. Each cohort concludes with a demo day where startups pitch to a curated investor group. Alongside venture building, the programme also includes a “School of Life” track focused on decision-making, resilience, and founder psychology. The Foundery will operate as a residential campus-based programme and plans to run multiple cohorts annually.

Scaler revenue declines to Rs 363 Cr in FY25; cuts losses by 98%

EntrackrEntrackr · 19d ago
Scaler revenue declines to Rs 363 Cr in FY25; cuts losses by 98%
Medial

Upskilling platform Scaler failed to scale up in FY25 with a decline in revenue. However, a sharp reduction in employee benefit expenses helped the company slash its losses by 98% over the same period. Scaler’s revenue from operations dipped 5.5% to Rs 363 crore in FY25 from Rs 384 crore in FY24, according to its financial statements filed with the Registrar of Companies (RoC). Scaler is a tech upskilling platform that focuses on honing college students' and tech professionals’ skills. The company offers various courses through live classes. Sales of these courses were the sole source of revenue for the company. Including other income of Rs 3 crore, the company’s total income stood at Rs 366 crore during FY25. The Bengaluru-based company has continued to curb its expenses over the years. Employee benefits remained the company’s largest expense, accounting for 46% of the total expense. This cost fell 26.5% to Rs 169 crore in FY25 from Rs 230 crore in FY24. Advertising and promotional spending also saw rationalization, which fell 30% to Rs 64 crore, while training & recruitment expenses dropped 22.4% to Rs 38 crore. IT expenses reduced by one-third to Rs 10 crore, whereas rent expenses increased 6% to Rs 18 crore. Overall, Scaler brought down its total expenses by 23% to Rs 365 crore in FY25 from Rs 474 crore in FY24. The sharp cut in spending helped the company cut its loss by 98% to Rs 2.3 crore in FY25 from Rs 139 crore in FY24. However, the company posted positive EBITDA of Rs 40 lakh in the same period with an EBITDA margin of 0.10%. Scaler closed FY25 with cash and bank balances of Rs 13 crore, while its current assets stood at Rs 48 crore. Interestingly, the company’s current liabilities stood at Rs 330.5 crore during the year. According to TheKredible, Scaler Academy has raised a total of $75 million of funding till date from Tiger Global and Peak XV among others. Its founders, Anshuman Singh and Abhimanyu Saxena, each hold 29.16% of the company. Peak XV Partners owns 22.61%, while Tiger Global holds an 8.13% stake in the company.

Exclusive: Tetr College of Business raises $17.5 Mn in maiden funding round

EntrackrEntrackr · 2m ago
Exclusive: Tetr College of Business raises $17.5 Mn in maiden funding round
Medial

Tetr College of Business, a global business school, has raised Rs 154.33 crore (approximately $17.5 million) in its maiden round of funding from Owl Ventures and Bertelsmann India Investments. The board at Pmmue Eduservices Private Limited (parent company of Tetr) has issued 3,130 Series A compulsory convertible preference shares and 20 equity shares at an issue price of Rs 4.89,348.33 each to raise the above mentioned amount, as per its regulatory filing with the Registrar of Companies (RoC). Owl Ventures led the round with an investment of Rs 88.19 crore ($10 million), while Bertelsmann India Investments followed with Rs 66.14 crore ($7.5 million). According to Entrackr’s estimates, the latest funding valued the company at around Rs 644 crore or $73 million post-money. Founded in 2024 by Pratham Mittal, Tetr College of Business is a global B-school where over 300 undergraduate students from around the world learn business by building real ventures across seven countries including the USA, Italy, Singapore, Brazil, the UAE, India, and Ghana. As part of its four-year bachelor’s program, students gain hands-on entrepreneurial experience while studying at some of the world’s most prestigious academic institutions. In October last year, Tetr College of Business launched a $10 million fund named ‘Tetr Under 20’ to support student entrepreneurs. Led by Manoj Kohli, Viney Sawhney, Pratham Mittal, and others, the fund aims to invest in 20 innovative and sector agnostic ideas across areas such as AI, emerging technology, sustainability, D2C, and healthcare. As of FY24, the company was in the pre-revenue stage and had not reported any operating income. It posted a loss of Rs 70 lakh, primarily due to marketing and employee expenses. Its FY25 data has yet to come.

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