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Exclusive: Anant Goel’s Handpickd raises fresh funds

EntrackrEntrackr · 1m ago
Exclusive: Anant Goel’s Handpickd raises fresh funds
Medial

Exclusive: Anant Goel’s Handpickd raises fresh funds Fresh produce startup Handpickd (formerly Sorted) is raising Rs 21.7 crore in an extended seed round led by Nitin Gupta and Genesia Ventures, with participation from BEENEXT and others. Fresh farm produce and supply chain startup Handpickd (previously Sorted) is raising Rs 21.7 crore in an extended seed round led by Nitin Gupta and Genesia Ventures with the participation of BEENEXT, Stargazer Ventures, Eximius Ventures, Sunrise Sunset Family Trust, and others. The Handpickd’s board passed a resolution to approve the issue of 10,547 Series Seed B CCPS at an issue price of Rs 20,566 to raise Rs 21.7 crore or around $2.5 million, according to recent filings accessed from March 2025 from the Registrar of Companies (RoC) shows. Nitin Gupta, Partner at GG Enterprises and Genesia Ventures, led the round with an investment of Rs 6.48 crore and Rs 6 crore, respectively, followed by existing investor BEENEXT, which is contributing Rs 2.16 crore. Sunrise Sunset Family Office will invest Rs 2 crore, while the remaining amount will be covered by Infinyte Club Angel Fund and Eximius Ventures, Stargazer Ventures and Ankit Agarwal. As per filings, the company has already received around Rs 10.16 crore, with the remaining amount expected to follow shortly. The Blume Venture-backed company will be valued at around Rs 300 crore or $35 million, according to Entrackr’s estimates. Founded by Anant Goel along with Nitin Gupta and Sahil Madan, Handpickd operates on a B2B2C model, delivering fresh fruits and vegetables through a tech-enabled supply chain. The company sources produce directly from local farmers and vendors, leveraging a network of micro-entrepreneurs for efficient last-mile delivery. According to startup data intelligence platform TheKredible, Handpickd has raised around $9 million from investors including BEENEXT, Blume Ventures, Kunal Bahl, Rohit Kumar Bansal. The company recorded over 2.3X year-on-year growth in operating revenue, rising to Rs 17.5 crore in FY24 from Rs 7.4 crore in FY23. Its losses remained flat at Rs 2.1 crore during the fiscal year ending March 2024. Handpickd competes with other farm-to-fork funded startups including Otipy ($49 million), Fraazo ($61 million), Deep Rooted ($20 million) which shut their operations. Handpickd also competes with Kareena Kapoor-backed startup Pluckk which is set to raise $10 million.

Exclusive: Proptech startup HouseEazy raises $4 Mn in Series A

EntrackrEntrackr · 10m ago
Exclusive: Proptech startup HouseEazy raises $4 Mn in Series A
Medial

HouseEazy, an online marketplace for pre-owned homes, has raised Rs 33.5 crore (around $4 million) in Series A led by Chiratae Ventures Fund with participation from Veena Jindal, Antler Innovation Fund, and IA Growth Opportunities Fund. The board at HouseEazy has issued a total of 3,915 shares at a face value of Rs 10 and premium of Rs 85,666 on preferential basis and by way of private placement, the company’s regulatory filings with Registrar of Companies show. Chiratae Ventures has invested Rs 29.62 crore, whereas Antler Innovation Fund invested Rs 2.86 crore. IA Growth Opportunities Fund and Veena Jindal invested Rs 76.25 lakh and Rs 29 lakh respectively. As per startup data intelligence platform TheKredible, HouseEazy has reached a valuation of Rs 156 crore post money (over $18 million). The company may raise more funds in this round and the valuation will vary accordingly. In December 2023, HouseEazy raised $1 million in a seed round led by Antler and picked up $370,000 in pre seed funding in June 2022. Founded in 2021 by Tarun Sainani and Deepak Bhatia, HouseEazy is building a full-stack, data driven technology platform to provide the best prices and instant liquidity to sellers and title-checked, refurbished, ready-to-move-in homes to buyers. The Noida-based company says that it uses a proprietary machine-learning algorithm with over 1.25 million data points to provide real-time price offers, eliminating the need for multiple meetings & negotiations for sellers. In December, HouseEazy claimed that it reached an ARR of Rs 250 crore (GMV) while maintaining profitability. The firm expects to hit Rs 1,000 crore ARR by March 2025 from the NCR market alone. For the fiscal year ending March 2023 (FY23), HouseEazy registered Rs 2.78 crore in operating revenue with Rs 44 lakh in loss.

Exclusive: Supply chain startup 3SC raises fresh funds in new round

EntrackrEntrackr · 1y ago
Exclusive: Supply chain startup 3SC raises fresh funds in new round
Medial

SS Supply Chain Solutions (3SC) has raised Rs 31 crore (approximately $4 million) from existing investors GEF Capital’s South Asia Growth Fund. This is the first round of investment for the Gurugram-based company this year. The board at 3SC has passed a special resolution to issue 31,00,000 compulsory convertible preference shares at an issue price of Rs 100 each to raise Rs 31 crore, its regulatory filing accessed from the Registrar of Companies shows. The company will use these funds for growth and expansion, as decided by the board of directors. The regulatory filings added that GEF Capital’s South Asia Growth Fund will hold 66.27% of the company post-allotment. 3SC had raised $15 million in its Series B round led by GEF Capital’s South Asia Fund in July 2021. Looking at the trend, it appears that GEF Capital will take over the company wholly in the coming years. Established in 2012 by Lalit and Sarita Das, 3SC provides supply chain service, catering to a diverse array of industries such as pharmaceuticals, healthcare, industrials, FMCD, FMCG, and e-commerce. It also delivers supply chain analytics solutions to businesses. 3SC claims to have more than 100 data scientists, over 75 clients and has done more than 20,000 transactions to date. 3SC Solutions’ revenue from operations barely grew 1.71% to Rs 130.8 crore during FY23 from Rs 128.6 crore in FY22. As per the company’s consolidated financial statement, its losses jumped 2.3X to Rs 31.5 crore in FY23 against Rs 14 crore in FY22. The firm is yet to file its audited financial statements for FY24. Last month, climate tech focused private equity firm GEF Capital Partners recently closed its$325 million GEF US Climate Solutions Fund II. Its portfolio includes Blue Earth Capital, HQ Capital, ODDO BHF, and INGKA Investments, among others. It recently signed an agreement to invest Rs 580 crore in TI Clean Mobility.

Exclusive: Kapiva raises $10 Mn from existing investors

EntrackrEntrackr · 9m ago
Exclusive: Kapiva raises $10 Mn from existing investors
Medial

Homegrown D2C ayurvedic nutrition brand Kapiva has raised Rs 83.5 crore (approximately $10 million) led by OrbiMed Asia with the participation of 3One4 Capital and Vertex Ventures. The board at Kapiva has passed a special resolution to issue 5,62,631 compulsory convertible preference shares to raise the aforementioned sum, its regulatory filing sourced from the Registrar of Companies shows. OrbiMed Asia led the round with Rs 52.2 crore, while 3One4 Capital and Vertex Ventures participated with Rs 11.96 crore and Rs 19.33 crore, respectively. The fresh funding appears to be part of Kapiva’s Series C round, in which the firm is aiming to raise a total of Rs 250 crore. Entrackr exclusively reported about Kapiva’s Series C round in Nov 2022. With the fresh tranche, the firm has raised Rs 132 crore in the ongoing round. It had already raised Rs 48.75 crore ($6 million) in Series C from OrbiMed and other existing investors back in October 2022. Kapiva has also increased its ESOP size by adding 1,415,00 new employee stock, bringing the total ESOP pool to 4,47,741, separate filing shows. As per the Entrackr estimates, its ESOP pool size is now worth Rs 66 crore. Kapiva will use these funds for the expansion and development of the company. Kaviva has raised over $30 million to date and has notable investors including Jetty Ventures, Fireside, OrbiMed, 3One4Capital, and others. According to the startup data intelligence platform TheKredible, the company has been valued at around $80 million post-allotment. Founded in 2015, Kapiva is an ayurvedic nutrition brand that offers natural and organic health and skincare products for hair fall, weight loss, digestion, diabetes in the form of juices, tea, oils, shakes et al. During the fiscal year ended March 2023, Kaviva registered 87% year-on-year growth to Rs 116.48 crore with a loss standing at Rs 64.5 crore in the same period. Kapiva is yet to file its annual results for FY24. While the D2C ayurveda space is crowded with plenty of organized brands, Upakarma Ayurveda, and Dr. Vaidya’s, Varalife, among others are Kapiva’s notable competitors.

Exclusive: Vedantu raises debt from Stride Ventures, completes acquisition of Pedagogy

EntrackrEntrackr · 9m ago
Exclusive: Vedantu raises debt from Stride Ventures, completes acquisition of Pedagogy
Medial

Edtech unicorn Vedantu has raised Rs 19.25 crore or $2.3 million in debt and equity capital from Stride Ventures. This is likely the first infusion of funds for the Bengaluru-based company since its $100 million round, which valued it at around $1.1 billion. Vedantu has raised Rs 19.25 Cr from Stride Ventures Debt Fund II, its regulatory filings sourced from the Registrar of Companies show. The firm’s board passed a resolution to allot 1,750 non-convertible debentures to raise Rs 17.5 crore and Rs 1.75 crore in the form of equity. While the raised amount is not substantial, it will extend the runway for Vedantu which is cruising through a tough time like any other edtechs. As of March 2023, the company had a net current asset of Rs 299 crore, including cash and bank balances of Rs 39 crore, as per TheKredible. Not only Vedantu, but Unacademy, Cuemath, and Classplus have also struggled to raise any capital in the past couple of years. Additionally, Vedantu has proposed to completely acquire the Ahmedabad-based Pedagogy by acquiring the remaining 9.32% stake in the company in a share swap deal. Following the deal, Vedantu is issuing 87,198 equity shares worth Rs 1.53 crore, to Archin Shah and Ritesh Gandhi – Co-founders of Pedagogy. The company bought stakes in Pedagogy in July 2021 which was exclusively reported by Entrackr. Pedagogy allows its users access to popular books and digital courses from trusted publishers and coaching centres across the country for JEE, NEET, NET, CTET and other entrance exams. On the lines of other edtechs, Vedantu also entered into an offline fray by partnering with Vignan Institute, and launched six learning centres for higher secondary schools in Andhra Pradesh and Telangana. While the company is yet to disclose FY24 numbers, Vedantu’s revenue from operations slipped 7.8% to Rs 153 crore in FY23. According to startup data intelligence platform TheKredible, the Tiger Global-backed company narrowed down losses by 46.4% to Rs 373 crore in FY23.

Exclusive: HyugaLife’s parent Pratech Brands raises $6.3 Mn in Seed round

EntrackrEntrackr · 1y ago
Exclusive: HyugaLife’s parent Pratech Brands raises $6.3 Mn in Seed round
Medial

Pratech Brands, a digital-first retailer and parent entity of HyugaLife, has raised Rs 52 crore or $6.3 million in a seed funding round led by Spring Marketing Capital and Stride Ventures. The round also saw participation from Peak XV Partners’ Surge Ventures among others. The board at Pratech Brands has passed a special resolution to issue 21,77,817 Seed compulsory convertible preference shares (Seed CCPS) at an issue price of Rs 168.15 each for a consideration of Rs 36.62 crore or $4.4 million. In a separate resolution, the company also issued 29,735 partly paid CCPS at Rs 168.15 per share and 1,500 non-convertible debentures (NCDs) Rs 1,00,000 each to Stride Ventures to raise Rs 15.5 crore, the company’s regulatory filings with the Registrar of Companies show. Stride Venture and Spring Marketing Capital led the funding round with Rs 15.5 crore and Rs 12.5 crore investments, respectively. This was followed by Surge Ventures which infused Rs 10 crore. Oorumane Mercantile, Patni Wealth Advisors, Eco Power Systems, AS Desaai Consultants, AMD Consultancy Services and individuals namely Nihir Parikh, Dhaval Parikh, Sandhya Shah, Rohan Mehta, Suhagi Parikh, Nimish Shah, Prakash Shah, Nitesh Jha, Simraan Teckchandani, Priya Ujgaonkar and Karan Jindal invested the remaining sum. As per startup intelligence platform TheKredible’s estimates, Pratech Brands has been valued at around Rs 160 crore or a little over $19 million. To date, the company has raised around $9.3 million. Note: The information is based on the three separate regulatory filings filed in June, October and December 2023. Pratech Brands is a tech-first house of brands that focuses on products relating to home and health by uncovering consumer needs and building consumer brands. Its health and wellness brand HyugaLife recently raised $1 million from Stride Ventures, and Getvantage in January. The brand is also backed by Indian cricketer K L Rahul and actress Katrina Kaif. For context, HyugaLife operates under Hyuga Health & Wellness Private Limited and Hyuga Ecommerce Ventures Private Limited, the both entities are subsidiaries of Pratech Brands Private Limited. Additionally, Pratech Brands also owns Neesan Ventures and a natural healthcare brand for female hormones, Inaari. Following the fresh capital infusion, promoters of the company Neehar Modi, Sandhya Shah, Sachin Parikh, Shruti Parikh and Anvi Shah collectively own over 52% of the company. Surge Ventures owns an 18.6% stake while Spring Marketing Capital has a 9.4% stake in the company. For the complete shareholding pattern, click here. Pratech Brands’ revenue from operations grew to Rs 4.87 crore in FY23 from Rs 1.71 lakh in FY22. As per TheKredible, the company’s losses soared to Rs 25.39 crore during FY23 as compared to Rs 99 lakh in FY22.

Exclusive: Even Healthcare raises $20 Mn led by Khosla Venture

EntrackrEntrackr · 11m ago
Exclusive: Even Healthcare raises $20 Mn led by Khosla Venture
Medial

Healthcare company Even Healthcare has raised Rs 169 crore (approximately $20 million) in a new round led by Khosla Ventures. The fresh funding for the Bengaluru-based firm has come after a gap of 20 months. The board at Even has passed a resolution to issue 2,17,589 preference shares at an issue price of Rs 7,762 each to raise Rs 169 crore or $20 million, its filing sourced from the Registrar of Companies shows. Khosla Ventures led the round with Rs 83.4 crore or $10 million while Pathfinder and Mercury Fund invested Rs 21.3 crore and 26.9 crore, respectively. Simon Fiduciaria, DLB Ventures, Lex Italia, 8 VC, Rainmatter fintech, and others cumulatively injected the rest amount. Even Healthcare has also expanded its employee stock option (ESOP) pool, adding new options that bring the total pool size to 1,35,000, according to a separate resolution filed by the company. According to Entrackr’s estimates, its ESOP size is worth $12 million. As per startup data intelligence platform TheKredible, the company has been valued at around Rs 753 crore or $91 million post-allotment. Even offers subscription-based plans to cover diagnostics, consultations, and hospitalization costs of up to Rs 50 lakh. According to the company, it only partners with those hospitals that guarantee the care of its members in exchange for a recurring payment. Launched by Mayank Banerjee, Matilde Giglio and Alessandro Lalongo, Even also offers personalized managed care programs and provides Even cards which can be used to pay bills at its partner hospitals and labs. Even claims to have an advantage over medical insurance as it provides unlimited OPD consultations and diagnostics. The company has raised approximately $40 million to date, including $15 million from Alpha Wave and Aspada in November 2022, and an initial $5 million in seed capital led by Khosla Ventures in 2021. Entrackr exclusively reported about its seed funding in July 2021.

Exclusive: The Hosteller kicks off Series A round

EntrackrEntrackr · 10m ago
Exclusive: The Hosteller kicks off Series A round
Medial

Backpacker hostel chain The Hosteller has raised Rs 32 crore (approximately $4 million) in its Series A round led by V Cube Ventures with the participation of Lets Venture Angel Fund, Angelist, and several other investors. The board at The Hosteller has passed a special resolution to issue 10 equity and 64,281 Series A compulsory convertible preference shares at an issue price of Rs 4977.5 each to raise Rs 32 crore or $4 million, company internal documents accessed by Entrackr from RoC shows. V Cube Ventures spearheaded the funding round with an investment of Rs 22 crore, while LV Angel Fund, AngelList, and Merlin Marketing contributed Rs 2.5 crore, Rs 50 lakh, and Rs 1.5 crore, respectively. The remaining amount was injected by 14 other angel investors. According to the filings, the company will use these proceeds for the expansion of hostels, marketing, and other general purposes. The funding has come after a gap of three years for the Mumbai-based company as it closed its $1 million seed round in 2021. According to the data intelligence platform TheKredible, the company has been valued at around Rs 182 crore or $22 million post-allotment. Following the fresh proceeds, V Cube Ventures will hold a significant 15% of the company followed by Lets Ventures which commands 3.45%. Its founder and Chief Executive Officer Pranav Dangi along with his family holds 35.28% of the company. Founded in 2014, The Hosteller is a chain of backpacker hostels that offers experiential yet affordable and quality lodging. The company currently has more than 50 hostels across India. The company has reportedly crossed the revenue of Rs 55 crore during the last fiscal year ended March 2024 with a net profit of Rs 4 crore in the same period. It also plans to add 75 new properties this year. It competes with goSTOPS, Wudstay, and Backpackers Panda, among others.

Exclusive: Consumer lending startup Fibe raises $66 Mn

EntrackrEntrackr · 1y ago
Exclusive: Consumer lending startup Fibe raises $66 Mn
Medial

Digital lending platform Fibe (formerly EarlySalary) has raised Rs 547 crore or $66 million in Series E round led by TPG’s The Rise Fund and Kabira Holdings. This is the first round of investments for the Pune-based company in the past two years. The board at Five has passed a special resolution to issue 5,46,75,600 Series E CCPS at an issue price of Rs 100 each to raise Rs 547 crore, its regulatory filing accessed from the RoC shows. The Rise Fund led the round with Rs 133 crore while Kabira Holdings put in Rs 125 crore. Eight Road Ventures, Norwest Capital, and Trifecta participated with Rs 41.6 crore, Rs 62.5 crore and Rs 55 crore, respectively. Amara Partners and Chirate also invested Rs 29.17 crore and Rs 100 crore. According to filings, the company will use these funds for expansion and growth as per the business plan duly adopted by the board. This is a developing story…

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