Mumbai-based

News and Trends

John Abraham Backed Ice-Cream Brand NOTO Raises INR 21 Cr Led by Equentis Angel Fund

The round also saw participation from Inflection Point Ventures (IPV), JITO, Signal Ventures, and other prominent investors.

News and Trends

Pilgrim Secures INR 200 Cr in Funding to Drive Omnichannel Expansion

The investment was led by existing backers Narotam Sekhsaria Family Office (NSFO), Vertex Ventures SEA, Sattva Family Office, and Mirabilis Investment Trust, with fresh capital from Vertex Growth Fund and Anicut Equity Continuum Fund.

News and Trends

John Abraham-Backed NOTO Ice Cream Raises INR 15 Cr

This funding will fuel the company's expansion into Tier I and Tier II cities, the launch of new flavors and formats, and strengthen its marketing, infrastructure, and brand visibility.

News and Trends

Triton VC Announces First Close of INR 240 Cr Fund II

Focused on B2B Tech and tech-enabled services, Triton Fund II aims to invest in pre-Series A and Series A rounds, with initial ticket sizes ranging from INR 8–16 crores per company.

News and Trends

Women's Wellness Brand Nua Raises INR 35 Cr for Retail Expansion and New Product Launches

The pre-Series C round was led by Mirabilis Investment Trust, with participation from Samir Singh of Colgate Palmolive and Shuchi Kothari of DSP Family Office.

News and Trends

Thrive Exits Food Delivery Market as Competition Heats Up

Thrive had attracted notable investors, including Jubilant Foodworks, which acquired a 35% stake in 2021, and Coca-Cola, which bought a 15% stake in 2023.

News and Trends

Specialty Chemical Startup Elchemy Secures USD 5.6 Mn Funding Led by Prime Venture Partners

The fresh funds will be deployed for building a team in the US, strengthening its tech leadership, and investing in advanced supply chain visibility solutions.

News and Trends

Easy Home Finance Secures USD 35 Mn to Expand Home Loan Services

Ranjan Pai's family office, Claypond Capital, and Sumitomo Mitsui Banking Corporation led the investment, with participation from Xponentia Capital, Finsight Ventures, Harbourfront Capital, and Pegasus India Evolving Opportunities Fund.

News and Trends

Zouk Secures USD 10 Mn in Series B Funding Led by Aavishkaar Group

With the raised funds, the Mumbai-based brand aims to expand its exclusive brand outlets to 75 stores, enhance marketing efforts, strengthen its supply chain, and invest in talent across multiple areas.

News and Trends

EvolutionX Backs upGrad with INR 287.5 Cr Debt Financing

The money raised will be used by UpGrad for growth capital, covering operating costs, and other basic business needs.

Finance

LenDenClub: The P2P Digital Lender

The Mumbai-based lending startup provides various loan types, such as personal, business, and medical loans.

News and Trends

The Ministry of Finance Granted AEO Status to the Gem and Jewellery Sector

This status allows for more efficient export-import processes, quicker cargo release periods, 50% lower bank guarantees than non-AEO firms, and quicker processing of customs, central excise, and service tax cases.

News and Trends

ePayLater: A SMB Partner

ePayLater is an embedded credit facility that allows retailers and wholesalers a way to access working capital finance at zero cost.

Finance

SafexPay: The Payment Resolver

With the aim of focusing on handling payment-related difficulties, Mumbai-based SafexPay was founded in 2017 by Ravi Gupta.

News and Trends

AutoNxt Automation Secures Pre-Series A Funding from Saama Capital and Others

The Mumbai-based platform aims to deploy the fresh funds to fast-track the startup's engineering efforts and establish it as a dependable and global mobility platform.