Rise & Shine’s Post

Curefoods (EatFit) has raised $9.6 million in funding to expand its operations. The funding round was led by Three State Capital and Flipkart founders' Navi Technologies. Curefoods will use the funds to enhance its infrastructure, scale operations, and invest in its brands, particularly in the cloud kitchen space. The company aims to strengthen its presence in India by offering a variety of cuisines and building a robust supply chain. Curefoods secured $9.6 million to expand its cloud kitchen business. The funding round was led by Three State Capital and Navi Technologies. The company aims to strengthen its infrastructure and scale operations across India. Curefoods focuses on diverse culinary offerings and enhancing its supply chain network. #Curefoods #FundingNews #StartupFunding #CloudKitchen #FoodTech #BusinessGrowth #InvestmentRound #IndianStartups #Zedvox #VentureCapital #TechExpansion #Gastronomy #CulinaryInnovation #NaviTechnologies #ScaleUp #ThreeStateCapital #BrandDevelopment #SupplyChain #RestaurantTech #KitchenOperations 4o

VC Grid leads $1 Mn seed round for Pikndel: Same-day delivery service platform Pikndel has raised $1 million in its seed round led by VC Grid. The round also saw participation from several notable investors, including D2C Insider Angels, Breathe Capital, Venture Catalysts, and industry leaders such as Akash Gupta from Zypp, Keshav Bhajanka and Sanjay Agarwal from Century Plywood, and Kanishka Sethia from Western Carriers, along with family offices from Kolkata. In December last year, Pikndel had secured $285K in a pre-seed funding round led by 100X.VC. Co-founded in 2022 by Teja Vadlamani, Siddharth Batra, and Tullika Batra, Pikndel provides same-day delivery services for various direct-to-consumer and e-commerce brands. Sellers can choose to store their products in Pikndel’s shared dark stores. The platform also provides flexible delivery timelines, ranging from four hours to same-day delivery services from their own warehouses. The Delhi-based company offers all-in-one solutions to optimize ecommerce operations. The company says that it is currently providing same-day delivery services through its dark stores in Delhi NCR, Mumbai, and Bengaluru. The firm’s innovative approach enables brands to offer multiple delivery options ranging from 1-hour to next-day delivery, significantly enhancing customer experience while maintaining operational efficiency.  #startupnews #startups

💰 Where is the VC money going❓ In retail. 🛒 🛍 From having virtually zero interest 3 years ago, investors are rushing to back companies with offline retail-driven models. At least a dozen deals are underway in food, furniture, jewellery and other sectors. 1️⃣ Sumosave, a supermarket chain that also has an online presence, has received a $3.3-million investment led by Lightspeed, say people aware of the transaction. The company’s founder, Mohit Kampani, is a seasoned executive — he was the CEO of Hypermarket, owned by More Retail, and managing director of Spencer Retail. 2️⃣ Another supermarket player, SuperK, could land $5 million in a funding deal led by Blume Ventures, The Arc understands. SuperK, which operates in Andhra Pradesh and Telangana, was founded by BITS Pilani alumni Anil Thontepu Naga Purushothama and Neeraj Menta. Both worked at Flipkart earlier. 3️⃣ Cantabil Retail, a listed company running over 400 outlets of affordable fashion, raised about $6 million from Think Investments last month. Think is a hedge fund known for its bets on Dream11, Swiggy and PharmEasy. Article link in Comments 🔗 👇 #retail #consumer #funding #venturecapital #startups #india #brands

IPO-bound Swiggy has received shareholder approval to increase its fresh issue size in its initial public offering to Rs 5,000 crore, up from Rs 3,750 crore. This decision was made during an extraordinary general meeting on October 3. The Bengaluru-based foodtech giant aims to raise an additional Rs 1,250 crore through the fresh issuance of shares, bringing its total IPO raise to $1.4 billion, up from the previously planned $1.25 billion, at a likely valuation of $15 billion. This comes days after Swiggy filed an updated draft red herring prospectus (DRHP) with SEBI, which initially outlined plans to raise Rs 3,750 crore, along with an offer for sale of 18.53 crore shares. Read full story here: https://lnkd.in/gaH6rvYf #ipo #swiggy #foodtech #startups #news #latest #latestnews LinkedIn News India Linkedin News Ashu Agrawal

Indian ecommerce startups raised $561 Mn+ across 102+ deals in H1 2024! Let’s take a look at some of biggest ecommerce funding rounds in 2024 so far 👇 🔸 In February, #D2C jewellery brand Kushal’s raised INR 284 Cr (around $34 Mn) in a Series B funding round from growth stage venture capital firm Lighthouse’s fourth AIF. 🔸 In February, Pune-based Walko Food, which operates ice cream brand NIC, secured an additional #investment of $20 Mn from its existing backer Jungle Ventures as a part of its growth funding round. 🔸 In March, #Bengaluru-based cloud kitchen startup Curefoods secured an additional #funding of INR 200 Cr (around $25 Mn) from Flipkart co-founder Binny Bansal’s fund Three State Ventures. 🔗 For more insights, check out our latest in-depth report “The State Of Indian Ecommerce H1 2024”: https://4-2.co/3SN0ZVs Powered By: Pay10 #ecommerce #funding #investment

Logistics Unicorn Blackbuck caught the IPO bug! Backed by Flipkart, #logistics startup BlackBuck (Zinka Logistics Solutions Pvt. Ltd.), plans to raise to the tune of $300 million in an #ipo next fiscal year The #unicorn has finalized its bankers and lawyers and looks to file its DRHP with the Securities and Exchange Board of India (SEBI) using full financial details for 2024 which indicates that the filling would happen sometime around August- September About the Startup 📌 Name: Zinka Logistic Solutions Pvt Ltd (BlackBuck) 📌 Founders: Rajesh Yabaji, Chanakya Hridaya and Ramasubramanian B 📌 Founding Year: 2015 📌 Twitter Pitch: A B2B platform that connects companies and truckers to ship goods. It also sells GPS tracking devices, FASTags, and fuel cards. 📌 Marquee Customers: Unilever (HUL), Reliance Petrochemicals - Chemistry For Smiles, Hindustan Zinc, Marico Limited etc. 📌 Unicorn Status: 2021 ($67 Million Series E) 📌 Key Investors: Wellington Management, Sands Capital and IFC - International Finance Corporation, Tribe Capital, Tiger Global Management, Peak XV Partners, Accel in India, Vostok Emerging Finance (VEF), Sequoia Capital, Trifecta Capital, B Capital Group etc. 📌 Revenue from Operations:    FY23: ₹704.18 Crores ⬇️ 15%    FY22: ₹832.57 Crores 📌 Loss:    FY23: ₹290.47 Crores ⬆️ ~2%    FY22: ₹284.55 Crores Related Post: 🔗 IPO Predictions of 2024 ft. Rushabh Shah and STIR Advisors: https://lnkd.in/dhu_bE45 I am Faraz Wadhwania, I write about #startups, #vcfunding, #investments #fundraising, #venturecapital, #privateequity, #familyoffice etc. React/Share + Follow + Send Connection Request + 🔔 Note: Detailed analysis will be available after the DRHP filling. The post is only for information. Consult your RIA before investing.

Navi Technologies, the fintech venture led by Sachin Bansal, is reportedly in talks for external funding with an aim to achieve a valuation of around $2 billion. These discussions come after Navi's earlier plans for an IPO, which had received approval from Sebi but were ultimately not pursued. Sachin Bansal, who co-founded Flipkart alongside Binny Bansal, sold his entire stake in the e-commerce giant in 2018 during its acquisition by Walmart. He then reinvested a significant portion of the proceeds into Navi, opting against external fundraising. However, sources indicate that the proposed $2 billion valuation is lower than what was previously discussed for Navi's funding rounds. A spokesperson for Navi stated, "As a company policy, we refrain from commenting on speculative discussions or rumors about our business strategies." In another recent development, Svatantra Microfin, led by Ananya Birla, completed the acquisition of Chaitanya India Fin Credit, a subsidiary of Bansal's Navi Group, for Rs 1,479 crore in November. #startup #fintech #sachinbansal #allboutcorps

#VisitsToLagaviHQ Stimulating conversations happen over steaming cups of coffee. Absolutely thrilled to have Nilesh Kothari in the house today, sharing his thoughts, insights, and expertise for budding brands and start-ups! Here's sharing some pearls of wisdom that dominated our conversation (these really perked up our ears): - Scalability: A business venture is as good as its capability to grow. Hence, systems and processes need to be in place that can flex and adapt seamlessly aiding in substantial and sustainable growth, even if gradually. - A Dynamic team is always a blessing. The backbone of any organization, your team needs to believe in your project as much as you do. Their passion and energy are sure to drive you to the ultimate goal. - Solid business model: Secret to success? A rock-solid business model, acting as a blueprint that guides every decision, aligning with an overarching vision and strategy. - The power lies in delivering good value to customers. Build a community that trusts you and your services. Customer happiness should be pivotal, in forging lasting connections. Be sure to leave a positive impact, one satisfied customer at a time. - A lean structure in the growth phase is extremely important. A strategic imperative is not to overcomplicate stuff in a young business. Keep things efficient, simple, and streamlined. - Focus on customer feedback and recommendations! Finally, the key to continuous improvement lies in listening to your customers and community. Nilesh Kothari is the Co-Founder and Managing Partner at Trifecta Capital, India's leading venture financing platform with products spanning growth equity, credit, & financial advisory and a combined $600mm+ AUM. Portfolio companies include BigBasket, Pharmeasy, Cars24, Zepto, Infra.Market, Dailyhunt, UrbanCompany, CureFit, CarDekho, Blackbuck, NoBroker, Dehaat, Turtlemint, Livspace, GoodGlam, Global Bees, Meesho, Atomberg, PaperBoat, Udaan, Rebel Foods, Cashfree, Stashfin and BharatPe amongst several others. Akshita Maheshwari Mohnot Raunak Singh Mohnot #lagavi #nileshkothari #businesstalk #startup #businessdevelopment #businessprinciples #businessvalues #strategy #successstory #globalcurator #curationandsourcing #finances #scalability #leanstructure #businessmodel

Dream big no doubt - few tail winds that favour Zepto and some more 1. Biggest fast moving category of goods are food and grocery based. Zepto has decent product breadth. i've not once not found what I was looking for. 2. Real Estate Costs - Imagine Zepto dark stores within 100 meters of every DMart. Zepto benefits from the immense money DMart spends in locking a catchment area down. Also, to store the amount of goods Dmart needs prime real estate and a lot more square footage. Zepto can store same amount of goods in a much smaller space at a much cheaper rate (dark store can be a warehouse in an industrial area - Dmart can't . 3. 24 hours open for business v/s 12 hours. 4. 10 minutes is less than the time you take to get ready and get out of the house. Plus humans are lazy to another level. 5. Customer data, insights and customer behaviour. Zepto will have a potential gold mine of data. Ask Dmart if they know about every customer ? 6. Challenge : - Quality. Zepto will need to be relentlessly customer focus to almost offering 100% discounts if perishable items are not accepted by the customer. Build Amazon like trust. Go big or go home. You have just one life :)

CEO Aadit Palicha believes that VC-funded Zepto has the potential to surpass billionaire Radhakishan Damani's DMart within the next 18-24 months. Speaking at the JIIF Foundation Day event in the national capital, Palicha said, "DMart is a $30 billion company and they are only 4.5X our size in sales. If we continue to execute well, we will continue to grow 2-3X every year. And potentially surpass them in next 18-24 months which is an exceptionally well executed consumer company." He said that grocery is a larger market than all the categories serviced by Amazon and Flipkart. "We are building the mother of all categories... We have had a crazy journey in the past 3 years. We have gone from zero to Rs 10,000 crore (in sales) in less than 3 years. It is the fastest company in Internet India to do that. Flipkart did it in 4 years. We did it in 2.5 years," Palicha added. He further likened Zepto to a hyperlocal Walmart, saying, "We think of ourselves as a hyperlocal Walmart. That is what has helped us to scale and to the point of profitability we have gotten to." Palicha’s comments come after Zepto raised more than $1.3 billion in funding from investors within just three years, and its current valuation is $3.6 billion. #zepto #dmart #success #startup #grocery #indianstartupnews