Alcoholic beverages startup O’Be Cocktails has shut down its operations after operating for more than five years. “It was one of the most difficult decisions for myself to shut down the brand; however, in the long run, we couldn’t justify the direction. After extensive retrospection and analysis, it all came down to one key realization: … Read more
Recruiter platform Expertia has raised Rs 20 crore in a pre-Series A funding round led by Rockstud Capital, with participation from Flipkart and its existing investors, Endiya Partners and Chiratae Ventures. Prior to this, the company had raised Rs 9 crore in a funding round back in 2021 from its existing investors. The proceeds from … Read more
Abound, the financial super-app designed for Indians in the US, has raised $14 million in a seed funding round led by NEAR Foundation, with participation from Circle Ventures, Times Internet, and others. This round marks Abound’s first external investment since its incubation at Times Internet, the digital arm of The Times of India Group. In … Read more
Homegrown e-commerce platform Meesho has released its first annual report, highlighting strong growth driven by technology and AI. The company claims that it became the first horizontal e-commerce platform in India to achieve profitability in FY24, generating Rs 197 crore in free cash flow. Its adjusted losses dropped by 97% to Rs 53 crore (excluding … Read more
Agritech startup Grow Indigo has raised $10 million from British International Investment (BII), the UK’s development finance institution and impact investor. The proceeds will be used to accelerate the expansion of Grow Indigo’s sustainability programs across India. Grow Indigo promotes sustainable techniques such as direct seeded rice and no-tillage farming that deliver, enhanced soil health … Read more
Quick commerce and foodtech firm Zepto is in talks for a $250 million secondary round, allowing existing stockholders to offload equity. The move aims to increase Indian investor ownership ahead of Zepto’s planned IPO later this year. Bloomberg, which reported the development first, said that the private equity arms of Motilal Oswal Financial and Edelweiss … Read more
Mobility solutions start-up Taxi’na has raised Rs 1.5 crore in a new funding round from Navyug Global Ventures. The proceeds will be deployed to scale its unique, sustainable ride-hailing model, creating a level playing field for both drivers and passengers while empowering happy micro-entrepreneurs in the sector, Taxi’na said in a press release. Launched by … Read more
Storia Foods, a beverage and dairy alternative brand, reported 51% year-on-year growth in FY24. However, the company’s losses widened during the same period due to rising expenses across key cost centers. Storia Foods’ revenue from operations rose to Rs 169 crore during the last fiscal year, up from Rs 112 crore in FY23, according to … Read more
During the week, 25 Indian startups raised a total of approximately $176.44 million, including 5 growth-stage and 15 early-stage deals, while 5 startups kept their funding details undisclosed. In comparison, the previous week saw 19 startups across early and growth stages secure around $462.27 million. Growth-stage deals This week in growth-stage funding, commercial EV manufacturer … Read more
Regional language-focused over-the-top (OTT) platform Stage has raised $12.5 million in its Series B round led by Good Water and Blume Ventures. The round also included $2.5 million worth of secondaries for some angel investors such as Harsh Shah (co-founder of Fynd), Aayush Phumbra (founder Chegg). Physis Capital, Mumbai Angels, The Chennai Angels, Venture Catalysts, … Read more