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
Hero MotoCorp, a leading motorcycle and scooter manufacturer, has announced a strategic investment of up to Rs 525 crore (approximately $60 million) in Euler Motors, a company focused on electric three wheelers. The move marks Hero MotoCorp’s entry into the electric three-wheeler market. This is its second major EV investment, following a 40% stake in … Read more
Post-sales service firm Servify is raising Rs 66.27 crore (approximately $7.8 million) in its ongoing Series D round led by BEENEXT Capital with the participation of Singularity Growth Opportunities Fund. The board Servify has passed a special resolution to issue 2,27,170 Series D3 CCPS at an issue price of Rs 2,917 each to raise Rs … Read more
Full-stack supply chain company Prozo recorded a 30% year-on-year revenue growth in the fiscal year ending March 2024. The Gurugram-based company also reduced its losses by 26% during the same period as it cut material costs by 50%. Prozo’s revenue from operations increased to Rs 166 crore in FY24 from Rs 128 crore in FY23, … Read more
Beauty and personal care D2C brand Pilgrim has raised Rs 200 crore ($23 million) through a mix of primary and secondary funding round. The round saw participation from existing investors, Narotam Sekhsaria Family Office (NSFO), Vertex Ventures SEA, Sattva Family Office, and Mirabilis Investment Trust, along with new investors, Vertex Growth Fund and Anicut Equity … Read more
D2C nutrition brand GoOAT has raised a pre-seed funding round led by D2C Insider Super Angels for an undisclosed amount. The round also saw the participation of a clutch of investors including Deep Bajaj (founder of Sirona), Mohit Bajaj (co-founder of Sirona), Dhruv Kohli (founder of Boba Bhai), Shiv Dhawan: (founder of First Coffee), Akash … Read more
Daman Soni, former President and Chief Business Officer of e-commerce roll-up company GlobalBees, has joined AstroTalk as CBO (e-commerce), sources familiar with the development told Entrackr. At GlobalBees, Soni played a key role in scaling the company’s business operations and driving marketing efforts for its portfolio brands. Notably, GlobalBees achieved unicorn status during his tenure. … Read more
During the week, 19 Indian startups raised a total of approximately $462.27 million, including 6 growth-stage and 10 early-stage deals, while 3 startups kept their funding details undisclosed. In comparison, the previous week saw 30 startups across early and growth stages secure around $355.02 million. Growth-stage deals In the growth-stage funding landscape this week, Cross-border … Read more