Tag: startup

Medusa Beverages Secures ₹56 Crore in Series A Funding Round
Medusa Beverages Secures Rs 56 Crore in Series A Funding
Medusa Beverages, a distinguished craft and premium beer brand, has successfully raised Rs 56 crore ($6.6 million) in a Series A funding round. This round was co-led by Amal N. Parikh and Ashwin Kedia, with contributions from Ramesh Damani, Nikhil Garg, Crest Opportunities, along with other high-net-worth individuals (HNIs).
The funds raised will be directed towards scaling operations and strategically investing in complementary partnerships throughout the value chain, as stated by Medusa Beverages in a press release.
About Medusa Beverages
Established in 2017 by Avneet Singh, Medusa Beverages represents an Indian beer brand that provides high-quality brews featuring bold flavours. The brand is known for:
- Combining unique taste profiles
- Offering striking aesthetics
- Creating an unforgettable beer experience
Medusa specialises in a variety of lager beers, catering to a wide range of tastes and appealing to beer enthusiasts who prioritise both quality and innovation.
Market Position and Vision
In a remarkable achievement, Medusa claims to have attained market leadership in the crown market of Delhi within just five years post-launch. The company is set on enhancing its market presence and is focused on its goal of becoming a leading entity in the Indian alco-bev sector.
Future plans for Medusa include:
- Expanding operations
- Building a diverse portfolio of brands
- Strengthening its footprint in key markets
The company is devoted to growth, fostering innovation, and delivering top-quality products to its consumer base.
Geographic Presence
Based in Delhi, Medusa Beverages operates in several regions including:
- Delhi
- Punjab
- Uttar Pradesh
- Chhattisgarh
- Himachal Pradesh
Additionally, the company runs a brewery located in Punjab.
Competitive Landscape
Medusa faces competition from several notable brands in the industry, such as:
- Goa Brewing
- White Owl
- Drink Monday
- Bira 91
- Amara Breweries
- Foo Brew
January 24, 2025
Tiger Global Fuels Infra.Market’s Growth with $125 Million Investment
Infra.Market Secures Rs 1,049 Crore in Series F Funding
The building materials platform, Infra.Market, is set to raise Rs 1,049 crore (approximately $125 million) through its Series F funding round. This comes after the completion of the concluding tranche of its Series E round in September 2024.
In a recent regulatory filing obtained from the Registrar of Companies, Infra.Market’s board has approved a special resolution to issue 49,149 compulsory convertible preference shares priced at Rs 2,13,439 each to amass the Rs 1,049 crore ($125 million).
Funding Structure
The Rs 1,049 crore Series F funding round is positioned as a pre-IPO manoeuvre, organised into two distinct tranches:
- First Tranche: Rs 498 crore (Series F)
- Second Tranche: Rs 551 crore (Series F1)
First Tranche Details
According to the filings, the initial tranche of Rs 498 crore ($60 million) is spearheaded by Tiger Global, which has contributed Rs 211 crore. Additional investments come from Evolvence Group and Fundamental Fund, contributing Rs 168 crore and Rs 119 crore, respectively.
This investment is notable for existing investor Tiger Global, particularly given its limited activity recently. To illustrate, Tiger Global made only two investments in 2024: Wiz Freight and Jupiter’s NBFC operations, both as an existing investor.
Anticipated Second Tranche
The second tranche of Rs 551 crore is still pending completion. Several investors are expected to participate, including:
- Capri Global
- Eudora Ventures
- Kangaro Industries
- SVV Limited
- Premratan Exports
- Verity Knowledge
Individual investors such as Ashish Kacholia, Nikhil Kamath, Abhijit Pai, Sumeet Kanwar, Nuvama, Dimpy Kanwar, and Sapna Vig are also anticipated to join. Furthermore, Tiger Global, Evolvence, and Fundamental Fund may additionally invest in this tranche.
Company Valuation
Estimates by Startup Superb suggest that Infra.Market has reached a valuation of approximately Rs 24,000 crore or $2.8 billion post-allotment.
Product Offering
Infra.Market’s platform provides a comprehensive array of building material products, including:
- Structural Products: Concrete, Steel, Construction Chemicals
- Finishing Products: AAC blocks, MDF, Plywood, Pipes and Fittings
- Lifestyle Products: Tiles, Sanitaryware, Laminates, Paints, Fans, Lights, Appliances, Modular Kitchens, Consumer Durables
Financial Performance
The company generates revenue through the sale of these diverse products. In FY24, Infra.Market reported consolidated gross revenue of Rs 14,530 crore, up from Rs 11,847 crore in FY23. Additionally, the firm experienced a significant profit increase, with a 2.4 times rise, reaching Rs 378 crore in the last fiscal year.
January 23, 2025
IAN Group Backs MedTech Innovator SVASTEK with Seed Funding Round
SVASTEK Secures Rs 2 Crore in Seed Funding to Enhance Respiratory Care Solutions
Medtech startup SVASTEK has successfully acquired Rs 2 crore in seed funding, led by the IAN Angel Fund. The capital will be employed for the following initiatives:
- Launching the ALLTIP-enabled NIV mask across India.
- Establishing a distributor network to ensure product availability.
- Expanding its clinical application team.
- Enhancing awareness through medical conferences and targeted outreach programmes.
Founded in 2022 by Arita Abrol, SVASTEK is dedicated to tackling challenges in respiratory and critical care by providing patented solutions aimed at large-scale hospital implementation. The company strives to enhance patient care by filling significant gaps in current medical technologies.
Innovative Product Offerings
SVASTEK’s flagship innovation, the ALLTIP Technology-enabled NIV mask, presents a revolutionary approach to continuous non-invasive ventilation. This product not only allows for simultaneous nutrition delivery but also enhances clinical outcomes and mitigates malnutrition-related risks for patients requiring long-term respiratory support.
Market Potential
Market research indicates that the respiratory and critical care sector in India holds a valuation of Rs 48,500 crores (approximately $5.8 billion) and is experiencing a compound annual growth rate (CAGR) of 8.3%.
Future Aspirations
Looking to broaden its product range and expand its geographical presence, SVASTEK aspires to be a prominent figure in the global respiratory care market, championing innovation, affordability, and accessibility in healthcare.
January 23, 2025
VuNet Systems Secures ₹60 Crore in Series B Funding Round
VuNet Systems Secures Rs 60 Crore in Series B Funding
VuNet Systems, a leader in business journey observability, has successfully raised Rs 60 crore (approximately $6.94 million) in a Series B funding round. This financing was spearheaded by Pravega Ventures, with additional contributions from Kotak Securities and returning investors, including Mela Ventures, Athera Venture Partners, Dallas Venture Capital, and TVS Capital Funds.
Prior to this funding, VuNet had secured $7.03 million from its existing investors.
Utilisation of Funds
The company plans to allocate the proceeds towards:
- Global expansion
- Accelerating growth in India
- Enhancing its product stack
- Improving sales and marketing strategies
About VuNet Systems
Founded in 2014 by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, VuNet Systems assists financial institutions in monitoring and optimising their IT operations and customer journeys. The company focuses on providing comprehensive observability into business journeys to minimise failures and improve the overall customer experience.
Capabilities and Offerings
According to the Bengaluru-based firm, VuNet empowers users to manage software operations through:
- Application observability
- Infrastructure observability
- Log analytics
- Business observability
Its services include:
- Bill payment observability
- Banking observability
- Credit card onboarding
- Trading systems observability
- And more
Real-Time Insights
VuNet Systems delivers real-time insights by analysing data from diverse systems, allowing enterprises to streamline essential processes such as digital transactions. This approach ensures end-to-end visibility across intricate IT ecosystems, thereby enhancing both operational performance and customer experience.
Future Plans
VuNet aims to expand its global presence and pioneer a new category of business journey observability by integrating advanced artificial intelligence, including Generative AI, into all workflows on its platform.
January 23, 2025
Ati Motors Secures $20 Million in Series B Funding to Revolutionize Industrial Robotics
Funding Update on Ati Motors
Ati Motors, a company specialising in industrial robotics, has successfully secured $20 million in its Series B funding round. This round was spearheaded by Walden Catalyst Ventures (WCV) and NGP Capital (NGP), with contributions from existing investors such as True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures.
Previously, in July 2023, Ati Motors raised $10.85 million in a Series A round led by True Ventures. Additionally, the company garnered $3.5 million in pre-Series A financing in 2021, which was also led by Blume Ventures, along with Exfinity Venture Partners and MFV Partners.
Utilisation of the New Funds
The latest influx of capital will be invested in several key areas:
- Accelerating product development
- Expanding market reach in North America and the Asia-Pacific (APAC) region
- Enhancing the company’s competitive positioning
Company Overview
Ati Motors focuses on developing autonomous mobile robots aimed at optimising productivity and streamlining operations in various sectors, including:
- Warehousing
- Logistics
- Manufacturing
Recently, Ati Motors established operations in Mexico and has bolstered its presence in the United States, India, and Southeast Asia. The company is in the process of expanding its North American headquarters in Detroit, MI.
Key Clientele
Among its notable clients, Ati Motors lists:
- Bosch
- TVS Motors
- CEAT
- Hyundai
Financial Performance
According to data from various sources, Ati Motors reported a revenue of Rs 12.42 crore for FY24, an increase from Rs 5.7 crore in FY23. However, the company also experienced a significant rise in losses, which nearly doubled to Rs 20.3 crore during the same period.
Industry Competition
In December, construction robotics firm Haber raised $44 million in a Series C funding round led by Creaegis, BEENEXT, and Accel. Ati Motors finds itself in competition with several companies, including:
- Detect Technologies, backed by Prosus
- Altizon
- Fero Labs
January 23, 2025
Landeed Secures $5 Million in Funding from Y Combinator
Landeed Secures $5 Million in Series X Funding
Property title search engine platform Landeed has successfully raised $5 million in its Series X funding round, which was led by 10x Founders Fund. Notable contributors included Oliver Jung, Paradigm Shift, Pioneer Fund, Jeffrey Epstein, the founder of Onboard, and Aaron King, the founder of Snapdocs.
In June of the previous year, Landeed achieved an undisclosed amount in a strategic financing round headed by Paradigm Shift VC. Earlier in January 2023, Landeed raised $8.3 million in a seed round led by Y Combinator, Draper Associates, and Bayhouse Capital.
The new capital will be directed towards enhancing the company’s AI and machine learning (AI/ML) capabilities.
About Landeed
Founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards, Landeed simplifies the property title search process for users, allowing them to acquire land documents for a minimal fee. The platform streamlines various search methods and aggregates all necessary information required by landowners or buyers, ensuring that every detail regarding a property is adequately addressed.
Key Features of the Platform
- Immediate access to crucial data points, including Sale Deeds and Encumbrance Certificates, ensuring properties are clear of legal or financial disputes.
- Claims to provide results up to 10 times faster than conventional methods for an affordable fee.
Growth and Impact
Landeed boasts over 5 million downloads and operates in 24 states. The platform has reported a remarkable 22 times growth in critical financial metrics, with over 100,000 property owners, bankers, agents, and real estate developers actively using its services to buy, sell, process loans, and develop real estate.
January 23, 2025
Sanlayan: The Startup Founded by Ex-Zetwerk Employees That’s Making Waves with Dexcel Electronics Acquisition
Sanlayan Technologies Acquires Majority Stake in Dexcel Electronics
Sanlayan Technologies, an innovative electronics startup, has successfully acquired a majority ownership in Dexcel Electronics, a company with two decades of experience in embedded systems. This acquisition is set to enhance Sanlayan’s capacity to provide advanced indigenous solutions that bolster national security and promote technological advancements in essential sectors such as:
- Defense
- Aerospace
- Space
Established by former employees of Zetwerk—Abhijit Kothawale, Rohan Gala, and Rahul Vamsidhar—Sanlayan raised $4.4 million in its seed funding round last year, securing investment from various notable institutional investors including Gemba Capital and Singularity Ventures.
Dexcel has played a pivotal role in significant defense and space initiatives, having contributed to projects such as:
- Upgrades for Jaguar and Sukhoi aircraft
- ISRO’s Chandrayaan-3 mission
- ISRO’s Aditya-L1 mission
Amit Kumar Sinha, Chief Executive Officer and Managing Director of Dexcel Electronics Designs, expressed that the collaboration with Sanlayan signifies a transformative phase for Dexcel, stating that this partnership will significantly amplify their R&D investments, allowing them to deliver impactful solutions to their clients.
Rohan Gala, CEO of Sanlayan, indicated that the investment in Dexcel will enhance their core competencies to tackle challenges in embedded electronic systems.
Both Sanlayan and Dexcel will present their latest innovations at Aero India 2025, scheduled from February 10 to 14.
January 22, 2025
Mistral AI Sets Its Sights on an Exciting IPO Adventure
The French artificial intelligence laboratory, Mistral, is pursuing an initial public offering, as co-founder and CEO Arthur Mensch communicated during an interview with Bloomberg at the World Economic Forum in Davos.
Mistral is described as “not for sale,” with Mensch stating that the organisation intends to establish an office in Singapore to target the Asia-Pacific market while expanding in Europe and the United States. “Of course, an IPO is the plan,” he stated.
Founded in 2023 by Mensch along with former researchers from Google’s DeepMind and Meta, Mistral is often viewed as Europe’s counterpart to American leaders such as OpenAI. The laboratory develops AI models and services that rival those of OpenAI and other competitors, including a platform resembling ChatGPT, named Le Chat.
To date, Mistral has successfully secured approximately $1.14 billion in funding from prominent investors such as Andreessen Horowitz, General Catalyst, and Lightspeed Venture Partners. The organisation was reportedly last evaluated at roughly $6 billion.
January 21, 2025
Stoke Soars with $260 Million Funding for Reusable Rocket Development
Stoke Space, an alumnus of Y Combinator, has successfully secured $260 million in Series C funding, increasing its total funds raised to $480 million. This follows its fundraising of $100 million in October 2023 and $75 million in December 2021.
Established in 2019 by Andy Lapsa and Tom Feldman, both of whom previously worked at Blue Origin, the company aims to revolutionise space travel. Tom Feldman began his career as an intern at SpaceX. Stoke participated in the Winter 2021 Y Combinator cohort.
With a mission to create the first fully reusable rocket—encompassing both the booster and the second stage—the startup has shared video evidence of a successful test involving its first-stage rocket engine last month. The newly acquired funds will be instrumental in constructing their new facilities at the historic Cape Canaveral Space Force Station in Florida.
This fundraising round attracted notable investors such as Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Point72 Ventures, Seven Seven Six, and Y Combinator, among others.
January 16, 2025
Zypp Electric Raises ₹55.4 Crore in Current Series C Funding Round
Gurugram-based technology-driven EV-as-a-service platform Zypp Electric is in the process of raising Rs 55.4 crore ($6.5 million) from 16 investors, as part of its ongoing Series C funding round. Company records with the Registrar of Companies (ROC) reveal that a special resolution was passed to issue 564 Series C2 compulsory convertible preference shares (CCPS) with a face value of Rs 10 each, at a premium of Rs 9,82,995.38. The valuation of the company is projected to be between $335-350 million following this funding round. This development was initially reported by Entrackr.
A total of 16 investors, including notable names such as Kapil Kriplani, Narinder Bajaj, Neeraj Goel, and Samir Goenka, are set to contribute to this investment.
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Also Read: Bengaluru EV maker Oben Electric secures Rs 50 crore in Series A funding to enhance operations.
In May 2024, the company commenced its Series C round, successfully raising $15 million, which was led by the prominent Japanese firm ENEOS. This round also attracted interest from existing investors including 9unicorns, IAN Fund, Venture Catalysts, WFC, among others.
Founded in 2017, the company has established key partnerships with major players such as BigBasket, Zepto, Flipkart, Myntra, Zomato, Swiggy, Blinkit, Uber, Porter, Rapido, 1MG, Delhivery, and Blue Dart.
January 16, 2025