All Bout Corps

Hyderabad-based millet-based snack startup, Troo Good, has raised Rs 72 crore in a fresh funding round, led by OAKS Asset Management, alongside contributions from Puro Health and Wellness and V Ocean Investments. Regulatory filings accessed by Entrackr revealed that the company's board approved the issuance of 10,176 equity shares for this funding. Oaks Asset Management, a returning investor, led the round with a Rs 37 crore investment, while Puro Wellness and V Ocean Investments contributed Rs 25 crore and Rs 10 crore, respectively. Following the round, Oaks Asset Management now holds a 28.89% stake in Troo Good, with Puro Wellness and V Ocean Investments owning 7.75% and 14.28%, respectively. Founded by Raju Bhupati in 2018, Troo Good specializes in millet-based snacks like chikkis, protein bars, and nutri bars. The startup has rapidly scaled, selling over 2 million millet snacks daily, and is poised to expand further as it taps into the growing demand for healthy snack options across India. #TrooGood #FoodTech #MilletSnacks #HealthySnacking #Funding #FundingAlert #FundraiserAlert #OAKSAssetManagement #PuroHealthAndWellness #VOceanInvestments #VentureCapital #HealthyEating #SnackingRevolution #MilletProducts #HealthyLifestyle #SustainableFood #FoodIndustry #CleanEating #HealthyIndia #AllBoutCorps

Secret Alchemist, a holistic aromatherapy wellness brand, announces the appointment of actress Samantha Prabhu as a co-founder, alongside a successful $500,000 seed funding round led by Inflection Point Ventures (IPV). The brand aims to leverage this funding to enhance marketing efforts and expand its product portfolio, including pure-grade essential oils in creams, mists, and shower gels. Vinay Bansal, Founder and CEO of IPV, praised Secret Alchemist for redefining beauty standards by promoting mindful, affordable products that encourage well-being. Co-founded by Ankita Thadani and Akash Valia, Secret Alchemist has a 30-year legacy in aromatherapy, focusing on natural, sustainable ingredients. Ankita emphasized the brand's mission to educate consumers on the healing properties of essential oils, aiming to deepen its impact in the personal care industry. Samantha shared her personal journey with aromatherapy, highlighting its transformative effects on her well-being and expressing pride in being part of Secret Alchemist's mission to promote natural remedies. The beauty and personal care market in India, valued at $31.5 billion with a 30% year-on-year growth, presents a significant opportunity for Secret Alchemist to target consumers seeking sustainable and wellness-focused products. Secret Alchemist is committed to making wellness accessible through innovative, cruelty-free products that address modern lifestyle challenges such as stress and anxiety. #SecretAlchemist #Aromatherapy #WellnessBrand #SamanthaPrabhu #CoFounder #SeedFunding #FundingAlert #FundraiserAlert #InflectionPointVentures #IPV #VentureCapital #WellnessJourney #NaturalBeauty #SustainableLiving #EssentialOils #HolisticHealth #MindfulBeauty #PersonalCare #HealingWithNature #BeautyInnovation #CrueltyFree #WellnessProducts #SelfCare #AllBoutCorps

Furnishka, the innovative furniture store, has successfully raised a total of ₹45 crore in a pre-Series A funding round, led by IndiaQuotient with a significant contribution of ₹27 crore. Notable participants also include Sparrow Capital and angel investors Sujeet Kumar and Ramakant Sharma, co-founders of Udaan. This fresh capital will be utilized to enhance product research and design, bolster supply chain and production capabilities, and expand into new markets. Ganesh Pawar, Founder of Furnishka, stated, “Our supply chain optimization efforts have allowed us to offer products at 20% below market averages for entry-level furniture and 30-40% less for premium options, all while maintaining quality. This efficiency has resulted in high customer satisfaction, with many customers returning for repeat purchases and referring others.” Additionally, Furnishka plans to create educational materials to help customers make informed decisions about their home furnishings. Anand Lunia, Partner at IndiaQuotient, noted, “We’re seeing a growing trend among urban consumers who prioritize aesthetics and interiors, with furniture playing a crucial role. There’s a significant market gap for organized, trusted players offering high-quality furniture at affordable prices in large-format retail. We were impressed by the positive customer feedback and the Furnishka team’s exceptional dedication to customer satisfaction.” #Furnishka #Furniture #PreSeriesA #Funding #FundingAlert #FundraiserAlert #IndiaQuotient #SparrowCapital #VentureCapital #HomeFurnishings #SupplyChain #CustomerSatisfaction #Innovation #InteriorDesign #UrbanLiving #AffordableLuxury #Design #Retail #FurnitureIndustry #AllBoutCorps

Neha Shivran, who previously held the role of Director of Data and Analytics at Ring (formerly known as Kissht), has now been elevated to the position of Cofounder and Chief Data & Growth Officer. OnEMi Technology Solutions Pvt. Ltd., the parent company behind the Kissht brand, introduced RING in 2022. Since then, Ring has established itself as a leader in data-driven, machine-powered lending, driving innovation in the fintech space. In a LinkedIn announcement, Shivran shared her excitement: “I’m happy to share that I’m starting a new role at Kissht as cofounder and chief data and growth officer!” Ring serves over 11 million users, providing short- and long-term loans for enterprises, personal consumption, and recurring needs. Notably, 40% of its users hail from tier 2 cities and beyond, underscoring its rapid growth and broad reach across India. As Ring continues to expand, Shivran’s new role will undoubtedly play a crucial part in shaping the company's future. Her promotion is a testament to the adage: “Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.” — Albert Schweitzer. #NehaShivran #Ring #Kissht #Fintech #Promotion #Cofounder #ChiefDataOfficer #StrategicLeadership #LeadershipRoles #Growth #DataDriven #MachineLearning #Innovation #Lending #Startup #WomenInTech #Tier2Cities #FinancialInclusion #Entrepreneurship

Trillion Dollar Ventures (TDV Partners), a prominent microVC firm focused on early-stage investments, has successfully raised INR 50 crore for its second fund. This fund is poised to play a crucial role in nurturing the next generation of entrepreneurs. With plans to invest between INR 1 crore and INR 2 crore in each selected startup, TDV will concentrate on pre-seed and seed-stage businesses. The firm aims to make 10 to 12 strategic investments annually, starting in the third quarter of the 2024-2025 fiscal year. TDV is particularly excited to support innovative platform plays, marketplaces, and exchanges within the dynamic B2C consumer technology landscape, including sectors such as Fintech, Gaming, and Consumer Upgrade. This new fund represents a significant step forward in TDV's commitment to investing in visionary ideas that will shape the future of technology and entrepreneurship. 🌟 #TrillionDollarVentures #MicroVC #Investment #StartupFunding #EarlyStageInvesting #SeedFunding #PreSeed #VentureCapital #Fintech #Gaming #ConsumerTech #Entrepreneurship #Innovation #StartupEcosystem #B2C #InvestmentStrategy #AllBoutCorps

Resolve AI, a startup dedicated to automating software operations, has raised an impressive $35 million in seed funding, with Greylock leading the round. This investment marks the largest check from the renowned Silicon Valley firm in 2024, previously backing companies like Airbnb and Meta. Esteemed figures such as Stanford Professor Fei-Fei Li and Google DeepMind's Chief Scientist Jeff Dean also joined the round. Founded earlier this year by former Splunk executive Spiros Xanthos, Resolve AI focuses on creating AI-driven tools that autonomously troubleshoot and resolve production issues. This drastically reduces the "Mean Time to Resolve," freeing engineers to concentrate on innovation rather than operational burdens. Xanthos notes that while many AI tools for engineers focus on code generation, significant time is lost managing on-call responsibilities, troubleshooting, and infrastructure maintenance. These tasks require both code understanding and a deep knowledge of production environments. Resolve AI’s proprietary agentic systems aim to autonomously manage alerts and incidents across platforms like AWS and GitHub, often without human intervention. "Our goal is to relieve engineers of time-consuming, high-stress tasks by offering a tool that’s both smarter and more efficient," said Xanthos. Initially self-funded, Resolve AI has already attracted early-stage clients, including DataStax. With the new funding, the company plans to double its team of 16 by the end of the year and expand its tools to include incident prevention and cloud cost optimization. "AI-powered software engineering represents a huge opportunity in the generative AI landscape," said Saam Motamedi, Greylock partner and lead investor. "Resolve AI stands out because it directly ties into measurable ROI, and they’ve already moved from proof-of-concept to production with customers." #ResolveAI #SeedFunding #FundingAlert #FundraiserAlert #Greylock #VentureCapital #SoftwareAutomation #AIPowered #MeanTimeToResolve #CloudComputing #SoftwareEngineering #GenerativeAI #Innovation #AI #Investment #EngineeringTools #OperationalExcellence #DataStax #AllBoutCorps

According to a report from The Information, Japanese telecom giant SoftBank’s Vision Fund is poised to invest $500 million in OpenAI's latest funding round, reflecting the firm's increasing focus on the artificial intelligence sector. While SoftBank has chosen not to comment on the news, OpenAI, the developer of the renowned AI model ChatGPT, has not yet issued an immediate response. This investment is part of OpenAI's ambitious plan to raise $6.5 billion through convertible notes, as reported by Reuters earlier this month. With initial interest from major players like Apple, this funding round has now elevated the AI startup's valuation to an impressive $150 billion, prior to SoftBank's involvement. However, this valuation is contingent upon OpenAI's ability to revamp its corporate structure and remove the profit cap for investors, marking a significant transition for the company. This deal signifies SoftBank’s first direct investment in the Sam Altman-led AI firm, highlighting the telecom company’s strategic foray into the rapidly expanding AI landscape. Additionally, Reuters reported last week that OpenAI is in the process of restructuring its core business to become a for-profit entity. This shift would effectively end the non-profit board's oversight, allowing for larger investments and potential operational transformations. #OpenAI #SoftBank #VisionFund #Investment #ArtificialIntelligence #AI #TechNews #FundingRound #SamAltman #ChatGPT #BusinessTransformation #Startups #VentureCapital #Innovation #AIIndustry #ConvertibleNotes #AllBoutCorps

Kolkata-based SaaS-enabled marketplace NowPurchase has raised $6 million in a funding round led by Info Edge Ventures, with a mix of equity and debt. The round also saw participation from Orios Venture Partners, 100Unicorns, VC Grid, family offices, and angel investors. With this fresh capital, NowPurchase is set to expand into new markets, launch cutting-edge solutions, and establish a network of scrap processing centers. A significant focus will be on developing private labels and integrating AI-powered tools along with its proprietary platform MetalCloud, aimed at streamlining operations for metal manufacturers. Currently operating across West Bengal, Jharkhand, and Maharashtra, NowPurchase has ambitious plans to enter key industrial hubs such as Gujarat, Punjab, Tamil Nadu, and NCR. "We see enormous potential to scale our solutions across other industrial regions. Our goal is to innovate the metal supply chain by leveraging AI and our MetalCloud platform," said Naman Shah, Founder and CEO of NowPurchase. Founded in 2017 by Naman and Aakash Shah, NowPurchase offers comprehensive procurement solutions, allowing metal manufacturers to efficiently source materials like metal scrap, alloys, and additives. The platform currently serves over 250 factories within the metal supply chain, including notable clients like Titagarh Rail Systems and Brakes India. Their WhatsApp bot delivers real-time price and stock updates, while MetalCloud optimizes the entire procurement workflow. Commenting on the investment, Kitty Agarwal, partner at Info Edge Ventures, noted, "The metal sector’s fragmentation presents a huge opportunity for companies like NowPurchase. Their innovative approach is addressing some of the industry's most pressing challenges." Rehan Yar Khan, Managing Partner at Orios Venture, added, "The digitization of the metals supply chain is still in its early stages. We believe NowPurchase has the potential to build a major business in this space." With a strong track record of growth and a focus on leveraging technology to transform a traditionally fragmented industry, NowPurchase is well-positioned to capitalize on untapped opportunities within the metals sector. #NowPurchase #Kolkata #SaaS #Marketplace #Funding #FundingAlert #FundraiserAlert #InfoEdgeVentures #EquityFunding #DebtFunding #OriosVenturePartners #100Unicorns #VCGrid #FamilyOffices #AngelInvestors #VentureCapital #MetalManufacturing #AI #SupplyChainInnovation #MetalIndustry #IndustrialTech #ProcurementSolutions #ManufacturingTech #Industry40 #BusinessGrowth #StartupIndia #DigitalTransformation #MetalCloud #ManufacturingSolutions #AllBoutCorps

Venture capital firm Peak XV Partners has made a strategic decision to downsize its $2.85 billion fund by 16%, more than a year after its split from Sequoia Capital. This reduction affects its eighth India- & Southeast Asia-focused fund, one of the largest ever raised for the region by a risk investor. The fund will now see a $465 million cut, primarily in its growth-stage allocation, according to sources familiar with the matter. Launched in 2022, Fund VIII was initially designed to invest $2 billion into India's venture & growth investments, with the remainder earmarked for Southeast Asia. As Peak XV adapts to current market conditions,particularly high valuations in India’s public markets, it is focusing more on seed and early-stage opportunities. In a statement, Peak XV Partners confirmed the resizing, saying: "In the context of a richly priced public market in India, we are investing in a measured manner in our growth fund, while continuing to lean into seed and venture-stage opportunities. As a result, we have decided to re-size our 2022 vintage funds by 16%." The firm believes this approach, while contrarian to market optimism, will ultimately serve their founders and limited partners (LPs) better in the long run. As part of this strategic realignment, Peak XV will also reduce its management fee for growth funds to 2% from the previous 2.5%. Additionally, carry—the percentage of profits from exits—will be lowered to 20% from 30% for growth investments. However, if a fund achieves a threefold return to paid-in capital, the 30% carry will be reinstated. For seed and early-stage investments, the existing fee and carry structure of 2.5% and 30% remains unchanged. These changes will apply to all of Peak XV’s ongoing growth funds and previous Sequoia Capital India vehicles, dating back to the firm's inception in 2006. This move reflects the broader recalibration within the Indian venture capital industry, where pressure to deliver exits and cash distributions has reached new heights. The decision to downsize follows two years of slow growth capital deployment. Peak XV Partners seeks to remain disciplined in its growth-stage investments, recognizing that the public markets are offering higher valuations than private investors are currently willing to match. Despite the recalibration, Peak XV Partners has had a strong year in 2024, securing over $1 billion in exits from both public stocks and private market secondaries. These exits include a $185 million stock sale from Indigo Paints, a $150 million block deal in Five Star Business Finance, $73 million in liquidity from Honasa Consumer & a $40 million stake sale in Truecaller. Furthermore, the firm is in the process of finalizing additional secondary deals in companies such as Healthkart, Rebel Foods, Finova, & Cloudnine Hospitals. #PeakXVPartners #VentureCapital #FundResizing #PrivateEquity #GrowthStageInvesting #EmergingMarkets #EarlyStageInvesting #MarketStrategy #AllBoutCorps

Kapiva, a leading D2C Ayurvedic nutrition brand, has successfully raised Rs 83.5 crore (approximately $10 million) in its latest funding round, led by OrbiMed Asia with participation from 3one4 Capital and Vertex Ventures. In a strategic move, Kapiva’s board passed a special resolution to issue 5,62,631 compulsory convertible preference shares, raising the capital needed for this round. OrbiMed Asia led the investment, contributing Rs 52.2 crore, followed by 3One4 Capital with Rs 11.96 crore and Vertex Ventures with Rs 19.33 crore. This funding is part of Kapiva’s ongoing Series C round, targeting a total of Rs 250 crore. With this new tranche, the company has now raised Rs 132 crore in this round. Back in October 2022, Kapiva had already secured Rs 48.75 crore ($6 million) from OrbiMed and other existing investors as part of the same Series C round. Additionally, Kapiva has expanded its Employee Stock Ownership Plan (ESOP) pool by introducing 1,41,500 new employee stocks, bringing the total ESOP pool to 4,47,741, now valued at Rs 66 crore. These funds will fuel Kapiva’s ongoing expansion and product development efforts. With over $30 million raised to date, including contributions from Jetty Ventures, Fireside Ventures, OrbiMed, 3One4 Capital, and other notable investors, Kapiva’s valuation now stands at approximately $80 million, according to data from TheKredible. Founded in 2016 by Ameve Sharma, Kapiva offers a wide range of Ayurvedic products—juices, teas, oils, and shakes—designed to address issues such as hair loss, weight management, digestion, and diabetes. Kapiva continues to combine traditional Ayurvedic wisdom with modern nutritional needs. #Kapiva #D2C #AyurvedicNutritionBrand #SeriesCFunding #Funding #FundingAlert #FundraiserAlert #OrbiMedAsia #3one4Capital #VertexVentures #VentureCapital #HealthAndWellness #NaturalProducts #AyurvedaForLife #ESOP #BusinessGrowth #OrganicLiving #InvestInWellness #ExpansionPlans #NutritionalHealth #AllBoutCorps