ARTHA VENTURES
Online astrology platform InstaAstro raises $2.3 million in funding led by Artha Venture Fund
Online astrology startup InstaAstro will use the capital to enhance the platform, onboard more astrologers, expand its footprint and build a stronger brand presence. The Noida-based company is also launching new spiritual ecommerce, daily pooja, and Reiki healing services.
SaaS startup Clientell raises $2.5 million led by Blume Ventures
Clientall, which had previously raised $600,000 (about Rs 5 crore) from Chiratae Ventures and Artha Venture fund, said the new funds will be used for strengthening the product and expanding the team
Smarthome startup Aliste Tech raises $1 million in funding from YourNest, Artha, others
The round also saw participation from investors Dholakia Ventures, KRS Jamwal and Anikarth Ventures, among others. Existing institutional investors in the company include 100X.VC.
Manipal Group's Ranjan Pai invests in omnichannel beauty retailer Purplle
In May, ET had reported that JSW Ventures had partially sold its stake in Purplle to Abu Dhabi Investment Authority (ADIA). At the time, the startup closed a $40-50 million funding round, split between primary and secondary transactions, at a flat valuation of $1.1 billion.
Space-tech startup Agnikul Cosmos raises over $26 million from Celesta Capital, Rocketship
The firm did not disclose the valuation at which it raised the capital, but cofounder and chief executive Srinath Ravichandran said it was higher than the valuation assigned to the firm in the previous fundraising rounds, without giving further details.
Rockstud Capital announces partial exit from Uber-backed Everest Fleet
The development comes a day after another early investor of Everest Fleet, Artha Venture Fund, announced a partial exit from the Uber-backed firm for $2 million (around Rs 16.5 crore).
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Early-stage VC Artha scores partial exit from Everest Fleet for $2 million
Talking to ET, Artha Venture Fund managing partner Anirudh Damani said the firm was targeting two more exits, partial and complete, in the next 12 months.
Family offices and UHNIs take direct investment route for higher returns
Traditionally, limited partners (LPs) commit capital to venture funds without knowledge of the specific investments the fund manager will make, known as blind pool investment. However, these co-investment programmes provide LPs with the freedom to choose startups they want to fund, and typically do not have any management fees attached to them.
Family Offices, UHNIs take direct investment route for higher returns
Family offices and ultra-high net worth individuals (UHNIs) are increasingly considering direct investment programs alongside fund managers to gain more autonomy and potentially higher returns. These co-investment programs allow LPs to choose which startups to fund and typically do not have management fees. LPs are looking to back proven winners with a strong track record, particularly in the tough fundraising environment caused by a slowdown in venture fund investments in India.
CoutLoot plans to launch private labels in clothing and footwear segments
Founded by Thind and Mahima Kaul, CoutLoot has more than 16 million users and over 32 lakh sellers and stores in its network with an annual gross merchandise value of $100 million. The company recently entered into the offline retail segment by converting existing small shops and trading units into its own branded stores, part of a wider strategy to formalise the unorganised non-MRP non-grocery retailing in India.
Ecommerce firm CoutLoot plans to enter physical retailing space
The company plans to launch 35 stores starting April this year, especially in areas which attract peak footfalls.
Ecommerce firm CoutLoot adds 8 lakh new sellers to its platform in 2022
The company, a non-grocery non-mrp retail platform, said 80% are actual offline shops from India’s small bazaars and they acquire them through seller referral, digital marketing and offline activations.
Paramedic edtech startup Virohan raises $7 million in funding led by Blume Ventures
The Gurugram-based startup had last raised $200,000 as part of its Series A funding round, which was led by Rebright Partners in May 2021. In August 2020, it had raised $2.8 million in a combined seed and Series A round.
Seed funding outshines overall deal growth in 2022
Seed-stage deals rose to about $1.5 billion in 2022, up 86% from $805.2 million in 2021. The number of deals, however, fell to 396 in 2022 from 500 in 2021.
10-15% local retailers in small towns shifting their operations online: Coutloot
Coutloot, an e-commerce player, said nearly 10-15% of local retailers have shifted from physical stores to tech-enabled apps, as part of their strategy to completely move their operations online and save costs. The company, a non-grocery non-MRP retail platform connects millions of sellers and merchants with small and medium manufacturers by eradicating the agents from the system.
Coutloot to tap into non-grocery and non-mrp retail market
Founded by Thind and Mahima Kaul, CoutLoot has helped millions of sellers to scale their demand and now is building deeper by connecting merchants with small and medium manufacturers by eradicating the agents from the system.
Spacetech startup GalaxEye raises $3.5 million funding
GalaxEye also announced availability of the company's flagship product offering, featuring multi-sensor imagery via modern satellites.
Construction tech startup Onsite raises seed funding
The company, which was founded last year, will use the funds for product development and expansion activities, according to a statement. The Delhi-based venture helps small and mid-size construction businesses across 200 cities.
Women’s networking startup Leap.club raises $1 million funding
The latest fundraising comes 12 months after Leap.club raised $810,000 in its previous round. It also raised $380,000 in July 2020.
Artha Group looks to close Rs 450-crore fund
The new vehicle, Artha Select Fund (ASF), includes a Rs 120-crore green shoe option and has secured commitments of more than Rs 100 crore from existing limited partners, or sponsors, of Artha Venture Fund (AVF)
London-based PaaS company Laminar raises $5.11 million in funding led by AIV
Founded in 2020 by Narendra Nag, Raheel Khursheed, Tirthraj Singh, Kumar Shorav, and Yin Shanyang, Laminar enables content owners to launch a global OTT service in 12 weeks or less. It helps create back-end technologies for OTT players.
Artha Venture Fund managing partner got fitter in the pandemic & lost 20kgs, shares his weight-loss journey
Damani says he’s been on a diet for the last 20 yrs, but nothing before had ever really managed to help him stay fit.
InstaAstro raises Rs 3 crore from Artha Venture Fund, others
The company will utilise the funds for product development, marketing and add a gamut of services, InstaAstro said in a statement.
Artha Venture Fund raises Rs 225 crore to close its maiden fund
Artha Venture Fund will now look to invest in early-stage startups across B2B, B2C and D2C segments, according to a senior company executive.
Vista Rooms lands Rs 10 crore funding led by DSG Consumer Partners
Vista Rooms cofounder Ankita Sheth said they plan to use the funds raised across four key areas - launching new locations, improving technology, strengthening the team, and enhancing its brand awareness.
Agri-tech startup Aibono raises Rs 15 crore for business growth
Aibono leverages data science driven demand-supply synchronisation, farm analytics and "just in time" engines to prevent food wastage, improve agricultural efficiency as well as stabilise livelihoods of farmers specialising in perishable vegetables.
Frontier Markets raises $2.25 million financing from The Rise Fund, Teja Ventures and others
Frontier Markets has over 4,000 women entrepreneurs who are tech-enabled using its proprietary assisted-e commerce platform to deliver over 1 million products and services to 700,000 rural customers in Rajasthan, UP, and Bihar.
Space tech startup Agnikul gets Rs 23.4 crore
Agnikul, which is operating out of the National Centre for Combustion Research at IIT Madras, said it will utilise the funding to facilitate ground testing, fabrication and expansion of its team.
Jadooz raises Rs 1.85 cr in seed funding led by Artha Venture Fund
These entertainment zones consist of 50-70 seat cinema halls that showcase Bollywood as well as regional movies.
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