Funding News

ThinKuvate India Fund Launch: Singapore-based angel investment network, ThinKuvate, introduces its first India-focused fund, ThinKuvate India Fund – I, with a corpus of Rs 100 crore. Investment Focus: The fund aims to invest in tech startups across various sectors, providing initial amounts of up to Rs 3 crore per venture. City-wise Rollout: ThinKuvate plans to launch the fund in key cities like Nagpur, Raipur, Bangalore, and Chennai to tap into emerging startup hubs. SEBI Approval: ThinKuvate has obtained SEBI's approval to launch the AIF CAT 1 Fund in India, with an investor base of nearly 200. Leadership and Team: The fund's founding team includes Ghanshyam Ahuja, Ritesh Toshniwal, and Vikas Saxena, with Mayank Jain joining as CEO. Investment Criteria: ThinKuvate prefers startups with revenue generation, patented products, and multiple founders to ensure market presence, innovation, and dynamic leadership. Investment Track Record: ThinKuvate Ventures has invested approximately $1.5 million across nine startups in Southeast Asia and India, expanding to $5 million across 22 startups. Future Deployment of Capital: The fund expects to commence deploying capital in the next quarter to support the growth of promising startups.

ThinKuvate Launches Rs 100 Crore Maiden India Fund, Aims to Boost Tech Startups

Key Points ThinKuvate India Fund Launch: Singapore-based angel investment network, ThinKuvate, introduces its first India-focused fund, ThinKuvate India Fund – I, with a corpus of Rs 100 crore. Investment Focus:…

Ankur Srivastava May 23, 2024

Funding Success: Betel Leaf, an FSSAI-certified online paan company, secures $1.2 million in a bridge round led by Inflection Point Ventures (IPV) and Venture Catalysts, highlighting investor confidence in the venture's potential. Innovative Packaging: The company's emphasis on hygiene is reflected in its triple-layer pouch packaging, ensuring minimal hand touch and cleanliness, a feature that resonates with modern consumer preferences. Expansion Plans: With the newly acquired funds, Betel Leaf aims to expand its retail and online presence from 45 kitchens to 100 kitchens in India and overseas within the next two years, signaling ambitious growth aspirations. Technological Advancements: Investment will also be directed towards developing new automation technology to enhance consistency, increase production volume, and introduce innovative products like the ARID paan and Digestive Innovative Tea. Addressing Consumer Needs: Betel Leaf's focus on delivering authentic, hygienic, and convenient paan options aligns with evolving consumer preferences, filling a gap in the market for traditional Indian desserts. Investor Confidence: IPV's support for Betel Leaf underscores its belief in the venture's ability to address unique consumer needs while maintaining a commitment to quality and authenticity. Market Potential: The paan industry's current market size is estimated to be between Rs 3,000 to Rs 4,000 crore, indicating significant growth opportunities for innovative players like Betel Leaf.

Funding News

Betel Leaf Secures $1.2 Million in Funding from Inflection Point Ventures (IPV) and Venture Catalysts

Key Points: Funding Success: Betel Leaf, an FSSAI-certified online paan company, secures $1.2 million in a bridge round led by Inflection Point Ventures (IPV) and Venture Catalysts, highlighting investor confidence…

Ankur Srivastava May 20, 2024

Funding News

Poshn Secures $4 Million in Pre-Series A Funding Round

Summary Poshn, a burgeoning foodtech startup, has secured $4 million in a pre-Series A funding round, led by Prime Venture Partners and Zephyr Peacock India. This funding, including $2 million…

Startup Times May 7, 2024

Funding News

Indian Cricket Sensation Shikhar Dhawan Joins Forces with QUE to Redefine Eyewear Fashion

Summary Indian cricket sensation Shikhar Dhawan has embarked on a new venture in the fashion eyewear industry by partnering with the emerging brand QUE. This partnership sees Dhawan not only…

Startup Times May 7, 2024

Funding News

Endimension Technology Raises Rs 6 Crore in Funding Round Led by Inflection Point Ventures

Key Points Endimension Technology, a healthcare AI startup incubated at IIT Bombay, has secured Rs 6 Crore in a pre-Series A funding round led by Inflection Point Ventures. The funding…

Startup Times April 26, 2024

Funding News

LetsTransport Secures $22 Million in Series E Funding

Key Points: LetsTransport, a prominent aggregator for urban logistics, has successfully closed its Series E funding round with $22 million. The round was led by Bertelsmann India Investments (BII), with…

Startup Times April 25, 2024

Funding News

Adukale Secures Rs 11 Crore in Pre-Series A Funding Round

Summary Adukale, an Indian direct-to-consumer (D2C) snacks brand, has secured Rs 11 crore (approximately $1.3 million) in a pre-Series A funding round led by Force Ventures. The funding aims to…

Startup Times April 25, 2024

Funding News

BluWheelz, a tech-enabled delivery EV logistics startup has raised $1 million in a bridge funding round led by Venture Catalysts

Highlights: BluWheelz, a tech-enabled delivery startup focusing on electric vehicle (EV) logistics, has raised $1 million in a bridge funding round led by Venture Catalysts. Other key investors participating in…

Startup Times April 24, 2024

Funding News

Boba Bhai Secures Rs 12.5 Crore in Seed Funding: A Bubble Tea Sensation on the Rise

Summary Boba Bhai, a bubble tea QSR brand, has secured Rs 12.5 crore in a seed funding round led by Titan Capital and Global Growth Capital UK, with support from…

Startup Times April 24, 2024

Funding News

Karban Envirotech Revolutionizes Smart Appliances with $1.07M Seed Funding

Summary Karban Envirotech, a startup specializing in energy-efficient electronic appliances, has secured Rs 8.93 crore in seed funding led by Titan Capital, Rainmatter, and All In Capital. The investment underscores…

Startup Times April 24, 2024