Anurag Jain

Quick commerce logistics startup Blitz raises Rs 51 Cr in Series A round led by IvyCap Ventures. Blitz plans to use the funds to enhance its 60-minute delivery infrastructure and expand its dark store network across India’s top 20 cities. Blitz Read more at: https://lnkd.in/dRSHreb8

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Retail SaaS company Increff recorded a modest revenue growth of 4.5% in FY24, reaching Rs 92.68 crore, compared to Rs 88.68 crore in FY23. Founded by Rajul Jain, Anshuman Agarwal, and Romil Jain, Increff leverages algorithm-driven solutions to tackle complex inventory management and supply chain challenges. The company offers end-to-end merchandising and omnichannel inventory management solutions for both B2B and B2C sales channels. With a clientele of 700+ global retail brands across 13+ countries, Increff serves industries such as fashion, electronics, and healthcare, enabling automated decision-making, improved process accuracy, and sustainable retail practices. Read more at: https://lnkd.in/g_aXdQns #fy24 #financials #increff #saas #retailtech #startup

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AstroTalk is redefining the spiritual-tech landscape with incredible growth in FY24. The Noida-based platform reported a 2.3x increase in revenue, reaching ₹651 crore, while profits surged nearly 12x to ₹99.99 crore. This exponential rise showcases AstroTalk’s ability to scale rapidly while maintaining strong profitability. What’s Driving This #Transformation? Expanding Market Reach: AstroTalk’s revenue in India doubled to ₹529 crore, while international revenue jumped 4.2x to ₹121 crore. The demand for digital astrology services has gone global, breaking cultural barriers and tapping into a new wave of spirituality seekers. #AI-Powered User Experience: The integration of AI has been pivotal in delivering personalized, accurate astrology consultations. By analyzing user behavior, AI helps tailor predictions, improving satisfaction and increasing user retention. This shift to data-driven insights is fueling industry growth, making astrology more accessible and reliable than ever. Mobile App Convenience: AstroTalk’s mobile app is a game-changer, providing users with a seamless and intuitive experience. The app’s features, like instant chat consultations and 24/7 availability, have transformed how people access spiritual guidance. It’s not just about convenience—it’s about creating a platform that meets the evolving expectations of today’s digital users. Strategic Investments and Scalability: AstroTalk’s significant spending on advertising (₹162 crore, up 116%) and professional services (₹319 crore, 60% of total costs) shows a strategic push for brand visibility and operational efficiency. With a Return on Capital Employed (ROCE) of 40.16% and an EBITDA margin of 19.42%, the platform scales efficiently, spending just ₹0.82 to earn ₹1 of revenue. Shifting Consumer Trends: The increasing demand for instant, personalized guidance reflects a broader shift in consumer behavior. Today’s users seek quick answers and digital-first solutions, and AstroTalk is perfectly positioned to meet these needs. This trend is adding more fuel to the spiritual-tech industry, driving innovation and attracting new players. Changing the Landscape of Spiritual-Tech AstroTalk isn’t just riding the wave—it’s shaping it. By combining traditional astrology with advanced AI and mobile-first strategies, it’s setting a new standard for the industry. This blend of tech and tradition is creating a sustainable model for growth, proving that spiritual services can thrive in the digital age. Investors are taking note, and with the broader spiritual-tech space already attracting over $60 million in funding, it’s clear that this is just the beginning. AstroTalk’s journey is a testament to the power of innovation in transforming industries. It’s time to watch this space closely—because the future of spirituality is digital. #AstrologyTech #SpiritualTech #AIInnovation #MobileApps #GrowthStory #AstroTalk #IndustryTrends #ScalingUp

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Ecommerce logistics startup Locad has raised $9 Mn (around INR 76 Cr) in a Pre-Series B funding round co-led by Global Ventures and existing investor Reefknot Investments👇 The round also saw participation from Sumitomo Equity Ventures and existing investors Antler Elevate, Febe Ventures and JG Summit. The company looks to deploy the fresh proceeds to expand its overseas footprint and scaling up its AI-driven smart logistics stack. Founded in 2020 by Constantin Robertz, Jannis Dargel and Shrey Jain, Locad offers cloud supply chain to ecommerce brands to grow their omnichannel business and automatically store, pack, ship and track orders. 🔗To read the in-depth article, click here: https://4-2.co/3OfDEsK #ecommerce #logistics #startup #funding

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Zintlr, a B2B SaaS platform specializing in sales intelligence and prospecting, has raised Rs 7.5 crore in a seed funding round led by Om Jain and other investors, including JIIF and Vimal Shah. The startup plans to use the raised capital to scale its team, drive market expansion, and innovate to build new product verticals in intelligence. Read the full story here: 👇 https://lnkd.in/d6VVdgez #b2b #saas #funding #investors #startup #technology #ai #indianstartupnews

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Volt VC, an Ahmedabad-based micro venture capital firm founded by Param Patel, has introduced its inaugural fund, Volt VC Fund-1, aiming to raise Rs 45 crore. The fund plans to invest in 20-25 pre-seed consumer-centric startups across D2C, B2C, and B2B2C models, with investment sizes ranging from Rs 50 lakh to Rs 2 crore. Patel, who previously led investments at Gujarat Venture Finance Limited (GVFL Limited), anticipates strong interest from Gujarat-based startups. The fund is expected to close within three to four months, with follow-on investments planned for top-performing startups. #VoltVC #MicroVC #ParamPatel #StartupFunding #EarlyStageInvesting #D2CStartups #B2C #B2B2C #VentureCapital #GujaratStartups #PreSeedFunding #IndiaStartups #startup77

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📢 Attention Merchants & Business Owners: Significant Change in Paytm Fee Structure! In the September 2024 quarter, PayTM announced profitability, but the impact on merchants is noteworthy. Beyond its QR code services, PayTM operates as a payment gateway for online payments, generating revenue through MDR charges and Value Added Services (VAS) fees. While UPI transactions on payment gateway don’t incur MDR charges, a small VAS fee has typically applied. Until August 2024, this VAS fee was 0.15% on top of MDR fees. For instance: Netbanking: MDR was 1.99%, VAS fee was 0.15% = total 2.14% UPI: MDR was 0%, VAS fee was 0.15% = total 0.15% Starting September 1, 2024, PayTM increased the VAS fee to 1.99% across all payment types—a staggering 1225% jump—even on UPI transactions, communicated through a single email (as per account manger), that got lost in 10s of emails that PayTM sends on daily basis! Now, merchants pay the following charges Netbanking: 1.99% MDR + 1.99% VAS = 3.98% UPI: 1.99% VAS alone = 1.99% Corporate Credit Cards: 2.99% MDR + 1.99% VAS = 4.98% In just two months, this change has cost me nearly INR 30,000 in unexpected VAS fees. I urge fellow merchants to check their rates in the Paytm Dashboard and review these adjustments. Dear Paytm, transparency and fairness matter in businesses. #DigitalPayments #Paytm #MerchantServices #UPI #VASFee #MDR #BusinessCosts #Fintech

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🔥 Aadit Palicha 🔥Zepto 🚀🌟Zepto Looking To Raise $650 Mn Funding At A Valuation Of $3.5 Bn🚀🌟 🌟🌟The funding round will be led by existing backer Nexus Venture Partners and its limited partner StepStone Group🌟🌟 🔥Significant Fundraising Goal: Zepto’s aim to raise $650 million showcases its ambitious growth plans and the confidence it has in scaling its operations. 🔥High Valuation: Targeting a valuation of $3.5 billion highlights Zepto's impressive market position and the strong belief investors have in its business model. 🔥Support from Key Investors: The funding round, led by Nexus Venture Partners and StepStone Group, underscores continued trust and support from significant backers. 🔥Accelerating Growth: This substantial funding will empower Zepto to accelerate its growth trajectory, expanding its market reach and enhancing its service offerings. 🔥Innovative Leadership: Zepto’s ability to attract major investments reflects its innovative leadership and strategic vision, driving forward its mission in the competitive market. 🔥Market Confidence: The confidence shown by leading investors signals robust market confidence in Zepto’s potential to disrupt and lead in its industry. 🔥Scaling Operations: With the new funding, Zepto can scale its operations more rapidly, improving efficiency and expanding its geographical footprint. 🔥Commitment to Excellence: The ambitious fundraising effort illustrates Zepto’s commitment to excellence and its relentless pursuit of delivering superior value to customers. 🔥Empowering Team Growth: The capital infusion will also support the growth of Zepto’s team, attracting top talent to drive innovation and success. 🔥Inspiring Success Story: Zepto’s journey towards raising significant capital and achieving a high valuation serves as an inspiring success story for other startups, demonstrating that with vision and determination, remarkable achievements are possible. ✅️Share Your Startup Story 🚀📲 https://lnkd.in/ggir3Qap ✅️visite our website🌐 https://lnkd.in/dad4nH #Zepto #FundingRound #NexusVenturePartners #StepStoneGroup #StartupGrowth #InnovativeLeadership #MarketConfidence #BusinessExpansion #CommitmentToExcellence #InspiringSuccess #scoopearth

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growX ventures Launches Fund II with Rs 400 Crore Target! GrowX Ventures, the B2B and DeepTech-focused VC firm has unveiled its Fund II, targeting a corpus of Rs 400 crore(approximately $47.1 million). The fund aims to support early-stage (Seed) and early-growth stage (Series B) startups across sectors like semiconductors, defense tech, space tech, fintech, health tech, and supply chain/logistics. Key Highlights: Seed investments up to Rs 10 crore Series B investments of Rs 20–30 crore Plans to back 20–24 startups in high-potential industries GrowX, established in 2008, is already renowned for its portfolio of game-changing startups like Pixxel, Bellatrix Aerospace, Progcap, and Locus. With Fund II, they’re doubling down on their mission to foster disruptive innovation and scalable business models in India. The first close of Fund II is expected by the end of 2024. GrowX also offers more than just funding – they provide hands-on guidance to founders for revenue acceleration, scalability, and sustainability. This is a significant move for India's DeepTech and B2B startup ecosystem! Read More: https://lnkd.in/gKsHEdXb #GrowXVentures #FundII #VentureCapital #DeepTech #B2BStartups #IndiaStartups #Innovation #SeedFunding #SeriesBFunding #TechNews

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Revenue-based financing platform Velocity has launched an INR 200 Cr (around $23.5 Mn) fund to boost growth of India’s restaurant and cloud kitchens selling on food aggregator platforms👇 With this fund, Velocity aims to empower food and beverage (F&B) brands by offering fast, scalable and flexible financing solutions tailored to their growth needs, it said in a statement. Founded by Abhiroop Medhekar, Atul Khichariya and Saurav Swaroop in 2020, Velocity offers revenue-based financing to Indian direct-to-consumer (D2C) and ecommerce platforms. Besides this, the startup also offers these businesses credit cards and payment solutions. To read the in-depth article, click here: https://4-2.co/3P3rsff #news #cloudkitchens #funds

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What’s shaping India’s startup ecosystem, and how can entrepreneurs thrive in today’s competitive market? In the second episode of Leadership Unplugged, T-Hub Founder and Managing Partner at Biome, Srinivas Kollipara, in conversation with Prof. Raj Shankar talks about key startup trends, challenges for VCs, and why Hyderabad is emerging as a top destination for innovation. Stay tuned for the full episode! #thub #startups #startupsinindia #venturecapital #investing #startupidea #leadershipunplugged

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💰 Sauce VC Rolls Out Third VC Fund with INR 250 Cr Target Corpus. 💼 Fund Launch: - Sauce VC, the backer of Mokobara, introduces its third venture capital fund with a target corpus of INR 250 crore, aiming to fuel the growth of promising startups in the Indian ecosystem. - The launch underscores Sauce VC's commitment to supporting early-stage ventures and driving innovation across various sectors. 💡 Investment Focus: - The new fund is poised to invest in startups that demonstrate high growth potential, disruptive business models, and innovative solutions addressing market needs. - Sauce VC aims to deploy capital strategically, backing visionary entrepreneurs and empowering them to scale their businesses and create significant value. 🚀 Growth Catalyst: - With a target corpus of INR 250 crore, Sauce VC's third fund is set to serve as a catalyst for growth, providing startups with the necessary financial resources and strategic guidance to thrive in competitive markets. - The fund aims to foster entrepreneurship and fuel the growth of India's startup ecosystem by identifying and nurturing promising ventures. 📈 Sectoral Expansion: - Sauce VC's third fund reflects its diversified investment approach, targeting startups across various sectors such as technology, consumer services, healthcare, and more. - The fund's flexible investment strategy allows Sauce VC to capitalize on emerging opportunities and support startups operating in sectors poised for exponential growth. 🌱 Ecosystem Support: - By launching its third venture capital fund, Sauce VC reinforces its commitment to contributing to the development of India's startup ecosystem. - The fund's investments are expected to not only generate attractive returns for investors but also create employment opportunities, foster innovation, and drive economic growth. 📅 Future Impact: - Sauce VC's third fund is poised to make a significant impact on the Indian startup landscape, empowering entrepreneurs to pursue their visions and transform industries. - As Sauce VC continues to identify and invest in promising startups, it plays a crucial role in shaping the future of innovation and entrepreneurship in India. Sauce.vc #SauceVC #VentureCapital #StartupFunding #IndianStartups #Innovation #StartUpNews #BusinessNews #MicroShots #NewsUpdates

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Jiffy Daily... your go-to newsletter for daily news bytes from the World of Startups! Pneucons Vanta Devnagri AI Faad Network CRED Acko OneCare Gupshup Captain Fresh Yubi MediaMint Sequoia Capital Inflection Point Ventures #startupnews #startuphiring #saas #startupnews #funding #startupfunding #dailynews #newsinajiffy #YourTribe #startupnews #startuphiring #saas

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SaaS startup Maxim AI has raised $3 Mn (around INR 25 Cr) in a seed funding round led by Elevation Capital👇 The round also saw participation from a host of angel investors, including founders of Postman, Chargebee, Groww, Razorpay, and Media.net among others. With this fundraise, the company said that the platform will now be accessible to all the users, which was earlier available to only a select set of customers. This will be a controlled roll out with major focus on mid market enterprise customers. The San Francisco-headquartered company aims to deploy the fresh proceeds for talent acquisition and scaling up its operations for more partnerships with companies building AI products. Founded in 2023 by Vaibhavi Gangwar (VG) and Akshay Deo, who previously worked with Google and Postman respectively, Maxim AI is a SaaS platform enabling GenAI developers to test and ship their applications faster. 🔗 To read more in detail, click here: https://lnkd.in/gzh75224 #news #SaaS #startup #fundraising

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