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Transition VC closes Fund I at Rs 700 Cr

EntrackrEntrackr · 10d ago
Transition VC closes Fund I at Rs 700 Cr
Medial

Transition VC has announced the final close of its debut fund at Rs 700 crore (approximately $77 million), overshooting its initial target of Rs 400 crore. The fund is backed by a community of institutional investors, corporates, family offices, strategic partners, and industry leaders. According to Transition VC, this LP network gives the firm a meaningful edge, strengthening thesis development, sharpening its ability to identify emerging trends early, and deepening the quality of deal flow. For founders, this LP network acts as a real commercial accelerator by converting pilots into purchase orders, opening doors to domestic and global markets, and directly shaping adoption pathways. Transition VC plans to invest at the post-product, pre-PMF stage, while strategically constructing a portfolio in which companies are complementary rather than competitive. By doing so, the firm enables founders to share insights, supply chains, and talent across the portfolio. To date, Transition VC claims to have supported 17 startups through Fund I, targeting a final portfolio of up to 25 companies. The firm has backed companies such as CIMware, Comminent, Matel, EMO, Hydgen, Dynolt, and Promethean. It says that more than half of the fund has been committed, and the firm is looking to deploy the remaining capital into founders building high-conviction solutions across the energy transition spectrum. Co-founded by Raiyaan Shingati and Mohammed Shoeb Al, Transition VC is an energy-transition-focused venture capital fund that invests early, catalytic capital into the future of energy in India, backing engineering-led companies building the infrastructure for the transition via electrification, energy storage, industrial decarbonisation, alternate fuels, and next-generation manufacturing.

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC

EntrackrEntrackr · 6m ago
Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC
Medial

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC Sneaker brand Gully Labs has raised Rs 8.7 crore in a seed funding round — comprising Rs 7.6 crore in equity and Rs 1.1 crore in venture debt. The equity round was led by Zeropearl VC along with participation from Untitled Ventures, Atrium Ventures, and other prominent angel investors including Bounce co-founder & CEO Vivekananda Hallekere, Suhasini Sampath, Nishchay AG, Renee Cosmetics founder Ashutosh Valani, Anurag Ramadasan, and Rahul Seth, while Stride Ventures led the debt investment. Prior to this, the company had secured Rs 1.1 crore in equity during its pre-seed round in 2024. The fresh capital will be deployed towards diversifying the product mix, expanding sales channels, and opening physical retail stores, Gully Labs said in a press release. Co-founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs crafts handmade sneakers, blending premium materials with culturally rich design stories — from Phulkari-embroidered trainers to Onam-inspired silhouettes. Gully Labs sells its products through its website and in select partner stores across Indian metros. The company plans to build a larger production facility, broaden its product line across diverse sneaker styles, and deepen its reach across India and global markets. It also plans to launch exclusive retail outlets as part of its omni-channel strategy.

The need for Pre-Seed VC funds in India

Inc42Inc42 · 1y ago
The need for Pre-Seed VC funds in India
Medial

The article discusses the significance of pre-seed funding in the Indian startup ecosystem. Pre-seed funding fills the gap between bootstrapping and seeking traditional seed funding. It supports startups in their early stages by providing financial support, attracting talent, and validating their problem statements. Pre-seed investors require a deep understanding of the market and focus specifically on this stage of a startup's journey. They offer tailored support and guidance to early-stage startups, helping them navigate challenges and drive growth. Pre-seed funding benefits both startups and investors, allowing for early entry, influence on startup direction, potential high returns, and long-term relationships with entrepreneurs.

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