The Entropy

19/10/2024

Raises ₹55 Crore in Series B Funding to Expand Food and Beverage Portfolio

Read more: https://www.kalpway.com/yu-raises-%e2%82%b955-crore-in-series-b-funding-to-expand-food-and-beverage-portfolio/

Consumer food brand Yu secures ₹55 crore in a Series B round led by Ashish Kacholia and the Asian Promoter Group. The funds will be used to expand its distribution network and enhance its 100% natural food and beverage portfolio.

17/10/2024

Tablesprint, the innovative no-code app builder, has secured $1 million in angel funding from a group of esteemed investors, including Ankit Bhati (cofounder of Ola), Ajeet Khurana (founder of Reflexical), and Sunil Sharma (CEO of Coingape), along with BlueLotus Ventures, TDV Partners, and DGC VENTURES, LLC.

CEO Abhijeet Kumar shared: “We are delivering a consumer app-like experience to enterprise use cases, allowing businesses to scale and grow seamlessly.”

Read more: https://www.kalpway.com/tablesprint-secures-1-million-in-angel-funding-to-accelerate-ai-powered-no-code-app-platform/

📢 Have a startup funding story to share? Reach out to us at: [email protected].

10/10/2024

Today, India mourns the loss of one of its most beloved and visionary leaders, Ratan Tata, who passed away at the age of 86. A guiding light for the Tata Group, his leadership transformed the company into a global powerhouse, all while upholding the values of integrity, humility, and compassion.

Ratan Tata's impact extended far beyond business—his philanthropic efforts through the Tata Trusts have touched millions, improving education, healthcare, and technology access for underserved communities. His contributions to society will continue to inspire generations to come.

As we remember his extraordinary life, we celebrate the legacy of a man who redefined leadership, not just with profits but with purpose. His visionary ideas, ethical business practices, and deep commitment to social causes will remain etched in history.

Rest in peace, Ratan Tata. Your values, leadership, and humility will continue to guide us.

Read more about Ratan Tata: https://www.kalpway.com/ratan-tatas-early-life-education-personal-life-and-more/

09/10/2024

Urja Mobility has raised INR 100 Cr in pre-Series A funding, with support from Mufin Green Finance Limited and HINDON MERCANTILE LIMITED. This funding will fuel the expansion of our innovative pay-per-use EV battery leasing model, allowing us to extend our retail network, especially in Tier II & III cities, and revolutionize sustainable energy in the e-mobility sector.

Founded in 2023 by Pankaj Chopra, Urja Mobility transforms the EV industry by making electric mobility accessible through affordable battery leasing solutions for fleet operators and commercial EVs. With a goal of scaling to 300 MWh of energy sales per day, we’re on a mission to lead India’s clean energy future.

Read more: https://www.kalpway.com/urja-mobility-secures-inr-100-cr-to-expand-ev-battery-leasing-business/

📢 Have a startup funding story to share? Reach out to us at: [email protected].

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07/10/2024

Holiday Tribe has raised INR 5.4 Cr in seed funding led by Powerhouse Ventures and GSF, with support from investors like Dinesh Agarwal of IndiaMART and Murugavel Janakiraman of BharatMatrimony.com.

Founded by ex- MakeMyTrip executives, we’re on a mission to deliver customizable holiday experiences globally. Our strong network of 100,000+ hotels and 10+ tourism boards backs us up.

This funding will boost our tech capabilities and help us scale faster. 🌍✈️ Exciting times ahead!

Read more: https://www.kalpway.com/holiday-tribe-secures-inr-5-4-cr-in-seed-funding-from-powerhouse-ventures-and-gsf/

📢 Have a startup funding story to share? Reach out to us at: [email protected].

03/10/2024

ClayCo Cosmetics founded six months ago by Niharika Jhunjhunwala, has secured INR 16 crore in Series A funding from Unilever Ventures. Its innovative, globally-inspired skincare solutions are already making waves in the beauty industry. With this fresh capital, we're all set to expand our product lineup and launch a Moroccan-inspired body care range soon.

Read more: https://lnkd.in/gGgZbZzK

📢 Have a startup funding story to share? Reach out to us at: [email protected].

01/10/2024

has secured INR 12 crore in funding from Atomic Capital. With this fresh capital, we're all set to accelerate product development and expand our digital presence. But that's not all—we’re also thrilled to welcome Apoorv Gautam, Founder & Managing Partner of Atomic Capital, to our board!

Founded by Robin Gupta and Prakher Mathur in 2019, Conscious Chemist has rapidly grown, providing over 10 lakh customers with science-backed skincare solutions. This partnership with Atomic Capital will help us reach new heights as we aim for INR 100 Cr ARR and continue our mission to deliver innovative, effective skincare products.

Read more: https://www.kalpway.com/conscious-chemist-secures-inr-12-cr-funding-from-atomic-capital-to-accelerate-growth-and-innovation/

30/09/2024

🚀 B2B SaaS startup Zintlr has raised Rs 7.5 crore in a seed funding round led by Om Jain! The round saw participation from key investors, including JITO INCUBATION & INNOVATION FOUNDATION (JIIF), Motilal Oswal, and VIMAL SHAH (Bidco Group).

Founded in 2022, Zintlr offers an AI-powered Buyer Intelligence platform that helps businesses shorten sales cycles, boost conversions, and close more deals. The fresh capital will drive Zintlr's market expansion, team scaling, and further R&D to strengthen its position as a leader in sales intelligence.

Read more: https://bit.ly/4gOqbVV

📢 Have a startup funding story to share? Reach out to us at: [email protected].

30/09/2024

🚀 Bengaluru-based D2C furniture and mattress startup Wakefit has bounced back to profitability in FY24 after several challenging fiscal years.

The startup reported an EBITDA profit of INR 65 Cr, marking its first profitable year in the past four. In addition, Wakefit achieved a 24% revenue increase, bringing its total revenue to INR 1,017 Cr for the fiscal year 2023-24. 📈

Founded in 2016 by Ankit Garg and Chaitanya Ramalingegowda, Wakefit Solutions offers a diverse range of sleep and home products, from mattresses and pillows to sofas and study tables. The company has served over 8.5 million customers and continues to expand its product portfolio and offline presence.

Wakefit’s strong performance in FY24 highlights its operational resilience and continued focus on growth in the D2C space. 🌟

Read more: https://lnkd.in/ggjuQXPZ

📢 Have a startup funding story to share? Reach out to us at: [email protected].

29/09/2024

☕ First Coffee—India’s grab-and-go specialty coffee brand—has raised $1.2 million in seed funding led by . cThe round also saw contributions from prominent investors like Ashish Gupta ( ), AngelList India, Dr. Ritesh Malik (Founder, ), Sahil Malik (Founder, ), Chandini Purnesh ( ), and many others.

With this funding, aims to expand its store presence across Delhi-NCR and key Tier I cities in North India. Plans include:
Launching 35 new stores by next year.
Focusing on high-traffic areas like malls.
Corporate parks.
Metro stations.

Co-founders Sohrab Sitaram and Shiv Dhawan are on a mission to blend premium coffee, tech innovation, and sustainability to elevate India’s coffee culture. 📈

Read more: https://www.kalpway.com/first-coffee-secures-1-2-million-in-seed-funding-led-by-beenext/

26/09/2024

jhana, a legal-tech startup focused on AI-powered legal assistants, has raised $1.6 million in seed funding! This round was led by Girish Mathrubootham (Founder of Freshworks) and Manav Garg (Founder of Eka Software) through their VC fund, Together Fund.

jhana will use the investment to enhance its proprietary legal datasets, AI models, and grow its team with talented researchers in and law.

Jhana’s AI-powered legal assistants are revolutionizing legal workflows by simplifying research and document review processes for attorneys, law firms, and in-house legal teams.

🔗Read more: https://www.kalpway.com/jhana-raises-1-6-million-in-seed-funding-to-revolutionize-legal-tech-with-ai-powered-assistants/
📢 Have a startup funding story to share? Reach out to us at: [email protected].

26/09/2024

Biotech startup Pvt. Ltd. has secured $5 million in a Series A funding round led by pi Ventures. 🎉 Key participants include Capital 2B, Colossa Ventures, Bipin Agarwal, Unicornus Maximus LLP, and existing investors like Ideaspring Capital, Kotak Alternate Asset Managers Limited, Legacy Assets LLP, and IAN Group (formerly Indian Angel Network).

This strategic investment will power the growth of Ahammune’s patent portfolio, support Phase II clinical studies for vitiligo treatment candidates, and further their R&D efforts to tackle immune-mediated skin disorders.

🔗 Read more: https://www.kalpway.com/ahammune-biosciences-raises-5-million-in-series-a-funding-to-advance-vitiligo-treatment/

📢 Have a startup funding story to share? Reach out to us at: [email protected].

25/09/2024

HRtech platform Atomicwork has raised over $3 million in a new strategic funding round, bringing the total amount raised to over $14 million. 🎉 It is backed by 40+ global CIOs, CTOs, and industry veterans, including notable leaders like Abhi Dhar, former CIO of TransUnion, Prasad Ramakrishnan, seasoned CIO and tech leader, Avanish Sahai, former ecosystem leader at Salesforce, ServiceNow & Google Cloud, Rich Waldron, CEO of Tray.ai.

This funding will help Atomicwork expand its U.S. operations and accelerate its AI-driven service management innovation. With a strong lineup of investors like Storm Ventures, Blume Ventures, Z47, and Neon Fund, the future looks bright for this game-changing HRtech platform! 💼

Read full news: https://www.kalpway.com/atomicwork-secures-3-million-in-strategic-seed-funding-from-global-cios-and-ctos/

📢 Have a startup funding story to share? Reach out to us at: [email protected].

25/09/2024

Mukesh Bansal, the visionary founder of Myntra and CultFit and former president of Tata Digital, has embarked on an exciting new journey in artificial intelligence. His latest venture, Nurix AI, has secured $27.5 million in seed funding from Accel and General Catalyst, marking one of the most significant seed investments in the space.

Nurix AI, born out of Meraki Labs, is focused on developing custom AI agents that are set to revolutionize enterprise services, particularly in sales and customer support. With a skilled team of 20, the company has already shown remarkable results, driving a 25-50% improvement in efficiency and cost savings for its partners.

In a world increasingly reliant on AI, Nurix AI leads by creating solutions that require minimal human intervention while maximizing impact.

Read more - https://www.kalpway.com/nurix-ai-secures-27-5-million-in-seed-funding-from-accel-and-general-catalyst/

20/09/2024

Physics Wallah - Alakh Pandey has successfully raised $210 million in its Series B funding round, with Hornbill Capital leading the way. With the participation of Lightspeed Venture Partners, GSV Ventures, and WestBridge Capital, this funding has propelled the company's valuation to an impressive $2.8 billion.

As the EdTech sector begins to recover from a funding dip, PW (PhysicsWallah) is charging ahead with ambitious plans for expansion. The fresh capital will be used to set up micro-hubs across India, bringing accessible education closer to students’ homes.

Founded by Alakh Pandey (PhysicsWallah) in 2016, PW has grown from strength to strength, with revenue up 2.5x in FY24 and big goals for FY25. The future looks bright for this EdTech unicorn!

Read more: https://www.kalpway.com/physicswallah-raises-210-million-in-series-b-funding-valuation-reaches-2-8-billion/

20/09/2024

z21 Ventures has successfully raised $20 million in funding, closing its $40 million second fund. WestBridge Capital has joined as the anchor investor for this round.

The firm will target early-stage investments in healthcare, enterprise software, and artificial intelligence, focusing on pre-seed and seed-stage startups. With their first $5 million fund fully invested across 26 startups, z21 Ventures is set to fuel the next wave of tech-driven innovations.

Founded in 2022 by Raj Shekhar Singh, Abhinav Shashank, Jyotika Gupta, and Sudarshan Ravi Jha, z21 Ventures is dedicated to empowering disruptive startups ready to transform industries globally.

Read more - https://bit.ly/3MU7J0u

📢 Have a startup funding story to share? Reach out to us at: [email protected].

18/09/2024

Delhi NCR-based deeptech startup Proxgy has raised $2.2 million in its latest funding round 💡

This round was led by Manish Patel with participation from Nikhil Kamath, Sunil Shetty, and other prominent investors. The funds will be used for capital expenses, day-to-day operations, and scaling up their innovative IoT-based solutions, particularly in smart wearables and workplace safety.

Post this funding, Proxgy’s valuation stands at Rs 140 crore ($16.86 million). The startup, founded by Pulkit Ahuja in 2020, continues to push boundaries with products like SmartHat, Sleefe, and Lockator.

To read the full story, click here: https://lnkd.in/gwKbuf5i

18/09/2024

Bluecopa, a FinOps automation platform, has raised $1.8 million in a pre-Series A funding round. This funding was co-led by Blume Ventures, Dallas Venture Capital, and Venture Catalysts. The capital was directed towards enhancing AI capabilities, expanding market presence, and accelerating product development.

Founded in 2022 by Nilotpal Chanda, Raghavendra Reddy (RR), and Satya Prakash Buddhavarapu, bluecopa is transforming finance operations with cutting-edge automation and AI, empowering fast-growing businesses to make quicker, smarter decisions. 💡

Learn more here: https://www.kalpway.com/bluecopa-secures-1-8-million-in-pre-series-a-funding-to-drive-finops-automation/

📢 Have a startup funding story to share? Reach out to us at: [email protected].