Start-up Funding
EcoSoul Home secures $20 mn in funding from Accel, Bajaj Financial, others
Sustainable home essentials brand EcoSoul Home has raised USD 20 million (about Rs 180 crore) in a funding round led by Accel and Bajaj Financial Securities. The Series B funding round, a mix of equity (USD 17 million) and debt financing (USD 3 million), also saw Mohandas Pai's StartupXseed Ventures, JSW Ventures, and CK Birla Group. Venture debt was secured from Alteria Capital and SIDBI, the company said in a statement. "The investment will enable EcoSoul to enhance manufacturing capabilities across its three production facilities in India while strengthening its omni-channel retail presence in key markets, including the United States, United Kingdom, Europe, GCC countries, and India," it said. With this round, Ecosoul's cumulative funding has crossed the USD 50 million mark. EcoSoul Home Co-Founder and CEO Rahul Singh said the fresh capital will be deployed towards doubling the capacity of its owned manufacturing plants and expanding production for new product lines. The brand
Flipspaces secures $50 mn funding to expand business in India, abroad
Interior design startup Flipspaces has raised USD 50 million (about Rs 439 crore) from investors to expand business in India and overseas. In a statement on Monday, the company has raised USD 50 million in its expanded Series C funding round with fresh participation from UAE-headquartered CE-Invests, Singapore-based Panthera Growth Partners, and Japan's SMBC Asia Rising Fund. "The capital will be deployed to scale the business in India, the US and the UAE, deepen supply chain integration and enhance the company's proprietary technology stack with AI-led interventions. Strategic acquisitions in adjacent categories are also on the roadmap," it added. The round also facilitated the successful exit of early-stage investor Carpe Diem. "The entry of new investors alongside the continued faith of current ones underscores Flipspaces' strong fundamentals and global growth potential. We are building not just a company, but a technology-first ecosystem that is reshaping the future of interior
Retail chain SuperK raises Rs 100 cr from Binny Bansal, Sacheti and others
SuperK to use Series B funding to expand its tech-driven franchise network across 300 towns, targeting underpenetrated retail markets in AP, Telangana and Karnataka
FirstClub raises $8mn in seed funding round from Accel and RTP Global
The company was founded by Ayyappan R, former senior VP at Flipkart, chief business officer at Myntra, and the erstwhile CEO of Cleartrip
Bambrew raises Rs 60 crore in Series A funding from Blume Ventures
The funding will fuel the startup's expansion into eco-friendly packaging for FMCG, F&B, manufacturing and R&D team development
CY24 trend so far: Two unicorns, but funding to startups down 29%
India 4th-largest recipient of funding
Fintech firm FinAGG Technologies raises $11 million in Series A funding
The company, which works in the MSME financing space, said the latest funding will be utilised towards expanding its offline and online presence, global outreach and investments in product innovation
Exits abound for Indian angel investment platforms despite funding slowdown
As venture capital funding slows down in India, early-stage investors find solace in lucrative exits, bolstering the credibility and appeal of the angel investment asset class
Indian startup funding in H1CY23 drops 36% to lowest in 4 yrs: PwC
Dip comes despite significant untapped capital reserves held by venture capitalists; fintech, SaaS ad D2C remain most funded sectors
Indian startup funding fell 72% in H1CY23, funding rounds down 66%: Tracxn
In all cities, Bangalore emerged as the leader in total funds raised during this period, followed by Delhi-NCR and Mumbai
Amid constant fear of layoffs, employees at startups looking for a way out
People working at these firms have witnessed their colleagues being shown the door. Many have left on their own or are looking for options
Start-up funding winter a reality, going to be short & sharp: MMT chairman
The start-up funding 'winter' is a reality but it is going to be short and sharp, and it has been exacerbated by the banking crisis in the US and Europe, travel services provider MakeMyTrip Chairman Deep Kalra said on Tuesday. With domestic players in travel in India reporting more than 100 per cent recovery from pre-COVID period, the industry will witness steady secular growth, he said while speaking at the Times Network India Digital Fest here. "I think the startup winter, which we're talking about or the funding winter that we're talking about is a reality, but it's going to be short, but sharp," Kalra said. He further said, "And today, it's not only because of the overheated part of it, but now we have the banks crisis, not just in the US but also in Europe, which really exacerbates most of this but I've seen cycles now being shorter, sharper and it will come back. Kalra was responding to a query on the churn witnessed by the start-up ecosystem where valuations have dropped and
Business bites: How have winners of Shark Tank India 1 fared so far
A year later as season 2 begins, start-ups that 'sharks' invested in vouch for marketing gains from it but only a few have raised funds subsequently
VC funding in India down 30 per cent in 2022: Venture Intelligence
The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession
Jungle Ventures-backed BetterPlace raises $40 mn in series C funding
The firm is a SaaS platform for frontline workforce management, with a user base of 1,100 large enterprises
Top Headlines: Fed lifts rates, quick commerce in funding winter, and more
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EV company Motovolt Mobility raises Rs 16 cr in per-series A funding
The funds raised will primarily be used for new product introduction, marketing initiatives, and growing Motovolt's presence through more retail points pan India
HireQuotient bags investment from Flipkart co-founder Binny Bansal
This comes after the company raised $1.8 million in pre-series A funding last year from Sumant Sinha of ReNew Power, Mohan Lakhamraju of Great Learning, Sujeet Kumar of Udaan; and Kunal Shah of CRED
