In News
Online retail store Gobbly raises Rs 7.2 crore in angel funding round
The Pre Series A in angel funding was led by Anicut Angel Fund and Sauce.VC. Agility Ventures. Investors Kunal Shah (Cred), Anupam Mittal (People Group), Jitendra Bhandari (Nic Naturals), Sameer Chugh (Mosambee), and Mihir Agarwal, an entrepreneur, also participated in the round.
Fluid Ventures makes its debut investment in Fabriclore
Direct-to-consumer (D2C) focused venture capital fund Fluid Ventures on Friday said it has marked its debut investment in Fabriclore from its Rs 80 crore fund. Fabriclore, a Jaipur-based digital retailer of fabrics, has raised $240,000 in its Pre-Series A round, led by Fluid Ventures.
[Funding alert] Glamyo Health raises $3M in Series A led by Ananta Capital
The round was led by Ananta Capital with participation from Agility ventures; Udtara Ventures; We Founder Circle; Dexter Angels; Tej Kapoor – Managing Partner at Fosun; Vivek Gupta and Abhay Hanjura, Founders of Licious; Dhruv Kapoor, Partner at Sistema; Aditya Singh, Principal at Stride VC; Ayush Jain, Leading South India for AWS; and others.
Toronto Business Development Centre Partners With Indian VC Fund, Agility Ventures To Help Indian Entrepreneurs Launch In North America
Agility plans to go beyond the informal structure of angel groups to a larger institutionalized model because of its standardized & transparent processes that allow it to access geographies, scout exciting new businesses, and approach a large number of investors.
Toronto Business Development Centre Partners With Indian VC Fund, Agility Ventures To Help Indian Entrepreneurs Launch In North America
Agility plans to go beyond the informal structure of angel groups to a larger institutionalized model because of its standardized & transparent processes that allow it to access geographies, scout exciting new businesses, and approach a large number of investors.
[Funding alert] Venture Catalysts leads $500K pre-Series A round in snacking brand TagZ Foods
The funding will help the Bengaluru-based startup to grow its distribution to new cities and expand capacity for its range of fitter snacking experiences crafted for the urban GenZ consumer.
Funkfeets Raises Rs 75 lakh; Aims For Expansion
Funkfeets, a quirky sneaker startup has secured ₹75 lakh in investor capital through its seed round. The round was attended by venture capital investor Dhianu Das (investor GoMechanic and ClearDekho), thus building up the excitement for this startup in the VC community.
“Fluid Ventures” Announced First Close Of INR 25 Crore For D2C Startups
Despite COVID-19 caution, Gurugram-based Fluid Ventures has shown faith in supporting home-grown consumer startups by announcing its first close of INR 25 Crore as investment capital. The early-stage micro venture capital fund has a total corpus of INR 80 Crore (including Green Shoe option), slated for investment in direct-to-consumer (D2C) brands in food and beverages, beauty, personal care, lifestyle, and home products.
Micro VC firm Fluid Ventures marks first close of D2C focused debut fund
The first close of the fund was made at Rs 25 crore ($3.43 million), said Fluid Ventures in a statement. The fund, which is registered with the Securities and Exchange Board of India (SEBI) as a Category I fund, has a target corpus of Rs 80 crore ($10.9 million).
Fluid Ventures announces its first close of Rs 25 Cr to invest in D2C startups
As lockdowns amid COVID-19 impact supply chain management and regular business activities, investors are particularly wary of investing in D2C companies. In fact, only a handful of investment institutions are actively investing in D2C startups, claims Fluid Ventres, adding that this fund will bolster confidence within such companies.
Successful Startups – Critical Factors
This year we have seen 10 Unicorn Startups in the first 4 months of 2021 – Digit Insurance, Infra Market, Innovaccer, Meesho, CRED, Pharmeasy, Sharechat, Groww, Gupshup, Five Star Business Finance. In comparison, 2020 saw 14 unicorns, 2019 had 10 and 2018 clocked 7 (per Forbes India, May 2021 issue).
Agility Venture Partners launches Dubai, Sydney and London chapters
With international expansion plans in sight, Indian venture capital platform Agility Venture Partners has launched its global chapters in Dubai, Sydney and London on Thursday, March 18. The organisation announced the launch alongside their partners at each of these locations.
Milk startup Puresh Daily raises Rs 1.2Cr in seed round
Puresh Daily will use the fresh funds to invest in business development, technology, and brand building. “We also want to invest our time and resources in innovation in products and packaging,” Aditya added.
Mapping Cow Health, Brainwired Valued At Rs 5 Crore In A Bridge Round
Holy cow! Agritech start-up Brainwired, which aims to revolutionise dairy farming, has raised an undisclosed amount in its bridge funding round from Agility Venture Partners. Top angel investors Dhianu Das and Nandi Mehta, Mumbai Angels and Agility Venture Partners participated in this valuation round. They valued the tech start-up at Rs 5 crore!
Convenience store start-up AMPM raises Rs 1.6 crore funding
Convenience store start-up on Tuesday said it has raised Rs 1.6 crore funding through Agility Venture Partners, an angel investor platform.Convenience store start-up on Tuesday said it has raised Rs 1.6 crore funding through Agility Venture Partners, an angel investor platform.
Zotalabs raises $125K in seed round led by Dhianu Das from Alfa Ventures
Dhianu Das from Alfa Ventures; Bhavesh Jain (CRO, Transa CIBIL); Sandeep Jain, CEO, Value Unlocked and Ex-Strategy Head, HT Media; Deepak Goyal (ISS Thailand); Ankur Shrivastava, Gen Real Property; and Vatsal Jain from Paypal also participated in the round.
Investor Agility Seeks To Power 30-Tech Start-ups In 2021
An angel investors network, Agility Venture Partners, aims to invest in new technology-focuses businesses at an early stage. They’re looking for companies which have the potential to create disproportionate value in sectors like education technology, healthcare, e-commerce, gaming, automobiles, electric vehicles, robotics, agri-tech, manufacturing, etc.
Power Gummies raises bridge round from Agility Venture Partners, DSG Consumer
“With the current funding raised, we aim to grow our operations by 6X more this year and further launch products in various variants, focusing on different health and wellness categories and segments. Achieving an annual revenue run rate of over Rs 8 crore in the first year of operations motivated us to give the best to our customers,” said Divij Bajaj, founder and CEO of Power Gummies.
Legalwiz, Vanity Wagon raise funding
Legalwiz.in Pvt Ltd on Wednesday said it has raised Rs 3.8 crore ($520,100) from Contcentric It Services Pvt Ltd, an Ahmedabad-based enterprise content management firm. Shrijay Sheth, founder of Legalwiz.in, said in a statement that the investment from Contcentric is strategic in nature.
Experts recommend India should now focus on clinical trials, research, innovation & technology to become the largest global health technology center
Experts while commenting on Union Budget has recommended that India should now focus on clinical trials, research, innovation and technology as there is potential for India to become the largest global health technology center.
Budget 2021-22: A booster shot to infrastructure investment
Finance Minister Nirmala Sitharaman in her Budget 2021-22 presented to the parliament, announced a major push to capital expenditure for the next fiscal to ₹5.54 lakh crore, from ₹4.39 lakh crore in the current financial year.
Business Briefs Stride Ventures Leads Rs 10 Crore Debt Round in Sequoia-backed Progcap
New Delhi, Feb 9 (PTI) Stride Ventures on Tuesday said it has led a debt round of Rs 10 crore in Progcap, a fintech company providing access to fast and flexible collateral-free working capital to retailers. This is Stride Ventures’ 14th investment from its maiden fund and second investment in the fintech space, a statement said.
Organic beauty marketplace Vanity Wagon raises $200K in seed round led by Agility Venture Partners
Delhi-based information-oriented organic beauty marketplace Vanity Wagon on Wednesday said it has raised a seed funding of $200,000 (Rs 1.5 crore) led by Agility Venture Partners. Other investors who participated in the round include Dhianu Das (Managing Partner, Alfa Ventures) and Sanjay Nagi (angel investor).