Tag: Entrackr : Latest Posts

Hyderabad-based defense technology startup Constelli has secured a $20 million funding round led by General Catalyst, with participation from 360 One Asset Management and Pravega Ventures. This investment follows Constelli’s earlier $3 million pre-Series A round led by Pravega Ventures.

Founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli specializes in creating sophisticated signal processing solutions to optimize the development and testing of critical aerospace and defense systems. The company leverages state-of-the-art hardware, software, modeling, simulation, and distributed computing technologies to enhance technical capabilities and accelerate the deployment of defense payloads on aerial and ground platforms.

Constelli’s global clientele includes radar and electronic warfare system developers, and the company has partnerships with entities like India’s Ministry of Defense and Defense Research and Development Organisation (DRDO). The new funding will be used to advance research and development in cutting-edge electronic warfare and communication technologies across various platforms, including drones, ground systems, naval vessels, and satellites.

The recent funding boost for Constelli comes amid a significant budget allocation of Rs 7.84 lakh crore to India’s defense ministry for the upcoming financial year, reflecting the growing emphasis on bolstering the country’s defense capabilities.

Source: Entrackr : Latest Posts

Inamo, a quick commerce enablement platform, has secured $8 million in a recent funding round. The investment, led by Prime Venture Partners, with participation from Shastra VC, Antler India, and Gemba Capital, comprises $6 million in equity and $2 million in venture debt.

Established in 2024 by Sumit Anand and Rupesh Thakare, Inamo offers Infrastructure-as-a-Service solutions for dark store management, last-mile delivery, and inventory optimization, enabling brands to achieve rapid 10-minute deliveries.

The funding will be used to fuel the growth of Inamo’s dark store network, brand partnerships, and category diversification, aligning with its mission to modernize the supply chain for quick-delivery businesses. With India’s quick commerce market projected to reach $40 billion by 2030, Inamo aims to position itself as a key player in this rapidly expanding industry.

Currently, Inamo operates in six metro cities with over 80 dark stores and processes 1.8 million orders monthly. The company plans to scale its presence to 200 outlets across 10 towns by the end of the year.

Source: Entrackr : Latest Posts

Digital lending platform Moneyview has reported strong financial figures as it prepares for its upcoming initial public offering (IPO), filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The Bengaluru-based company recorded a profit of Rs 210 crore on operating revenue of Rs 2,373 crore during the nine-month period ending December 2025.

Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview offers personal loans, credit score tracking, and insurance services through its credit-led digital financial platform.

Key revenue sources for Moneyview included fees and commission, contributing 35% of income at Rs 724 crore, and interest income of Rs 206 crore. Total revenue, including other sources, reached Rs 2,408.5 crore in the same period.

On the expenditure side, the company allocated significant funds to impairment on financial instruments, finance costs, advertising, employee benefits, and other expenses, totaling Rs 2,080 crore. This expenditure led to a healthy expense-to-revenue ratio of 0.88.

With a net profit of Rs 210 crore and an EBITDA margin of 30.03%, Moneyview showcased robust financial performance. The company’s balance sheet revealed total assets of Rs 7,719 crore, with substantial cash reserves and current assets.

Moneyview’s IPO strategy involves a fresh equity share issue of Rs 1,500 crore and an offer for sale of up to 13.6 crore equity shares by existing stakeholders, including co-founder Puneet Agarwal and early investors like Accel, Ribbit Capital, and Apis Partners.

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Healthtech startup TruDoc Healthcare has successfully raised $15 million in a pre-Series B funding round. The investment, backed by the Al Nahyan family, the Al-Ketbi family, and existing investor Pulsar Capital, aims to enhance TruDoc’s virtual-first healthcare model and expand its at-home critical care services throughout the Gulf Cooperation Council (GCC) region.

TruDoc operates a comprehensive virtual-first healthcare platform spanning the GCC. This platform seamlessly integrates telemedicine, chronic disease management, pharmacy delivery, diagnostics, and in-home healthcare services. Notably, TruDoc’s hospital-at-home initiative offers critical care services beyond traditional hospital settings.

Collaborating with insurers, employers, and government bodies in regions like the UAE and Saudi Arabia, TruDoc provides a unified care delivery system. By combining virtual primary care, diagnostics, pharmacy delivery, and in-home nursing, TruDoc aims to prioritize continuous patient care journeys over episodic hospital visits.

Source: Entrackr : Latest Posts

Bengaluru-based startup InfinityBox has successfully raised Rs 14.1 crore in a Pre-Series A funding round led by Rainmatter, with additional investments from AAR EM Ventures and Capital-A. The company plans to utilize the funds for expansion, product development, and operational needs.

InfinityBox, co-founded by Shashwat Gangwal and Keshav Godala, offers a reusable packaging platform for food delivery and restaurants. This system aims to replace single-use containers with a circular, returnable packaging model, contributing to sustainability in the food industry.

With a significant increase in valuation to around Rs 87 crore post-funding, InfinityBox has demonstrated growth. Rainmatter emerges as the largest external shareholder, holding 13.78% stake in the company.

InfinityBox’s operating revenue surged to Rs 17.81 crore in FY25, marking a 3.1X growth from the previous fiscal year. Simultaneously, the company effectively reduced its losses, showcasing a positive trajectory.

Source: Entrackr : Latest Posts

AI-powered customer engagement platform Cheerio AI has successfully raised ₹8 crore in a seed funding round led by Artha Venture Fund through its Artha Venture Fund II. The funding round also included contributions from Hyderabad Angels, TiE Angels, LetsVenture, Invention Engine, and various angel investors.

The raised capital will be used to enhance Cheerio AI’s multi-modal AI capabilities, develop a proprietary small-model LLM for ad generation, expand into voice and video channels, and reinforce automation features and enterprise-grade infrastructure. Additionally, the company plans to grow its team in engineering, AI, enterprise sales, and customer success to support its global expansion.

Founded by Nishant Das, Avinash, and Priam, Cheerio AI specializes in an AI-powered customer engagement platform designed to optimize the CAC-to-LTV equation for enterprises. The platform streamlines marketing, support, and sales workflows across multiple channels, including WhatsApp, email, SMS, social messaging, and in-app communication.

Cheerio AI has a client base of over 150 enterprises spanning six industries and reportedly delivered more than ₹500 crore in additional revenue for its clients through retention automation. With a remarkable revenue growth of 450% year-on-year over the last two years, the company is poised for further expansion and innovation in the customer engagement space.

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Battery Smart, a battery-swapping network for electric two- and three-wheelers, has commenced its pre-Series C funding round, securing investments totaling over $7 million from Acacia Inclusion, Blume Ventures, and PC-SBI Kurashi Visionary Fund.

The funding round involves the allotment of 12,158 pre-Series C compulsory convertible preference shares at an issue price of Rs 54,407 each, amounting to approximately $7.4 million as per regulatory filings with the Registrar of Companies.

Acacia Inclusion contributed Rs 36.3 crore, followed by PC-SBI Kurashi Visionary Fund with Rs 17.8 crore, and Blume Ventures with Rs 12 crore.

The raised capital will be used to facilitate business expansion, capital expenditure, working capital needs, and general corporate purposes for Battery Smart.

Founded to address range anxiety and upfront costs associated with electric mobility, Battery Smart offers lithium-ion batteries for quick swapping at its stations, operating on a battery-as-a-service (BaaS) model to eliminate battery ownership costs for users, especially gig economy drivers.

With a funding history of $192 million, including significant rounds like the $65 million Series B and a $29 million extended Series B, Battery Smart has attracted investments from Tiger Global, Blume Ventures, and Ecosystem Integrity Fund.

Financially, the company reported a 52% year-on-year increase in operating revenue to Rs 249 crore in FY25, achieving operating break-even and positive EBITDA recently.

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Online gaming company Games24x7 has acquired a 24% stake in Wiseowl Securities, the parent company of Butterfly Broking (TIQS). This strategic move, approved by Games24x7’s board through a special resolution, involves a significant investment of Rs 9.1 crore. Additionally, Games24x7 has agreed to provide a short-term loan of Rs 18 crore to Wiseowl Securities, as revealed in regulatory filings obtained by Entrackr.

Wiseowl Securities functions as a stock broking entity and holds registrations as a mutual fund distributor with key financial institutions in India. Through its subsidiary, Butterfly Broking, Wiseowl offers a platform for trading in equities, derivatives, commodities, and currency on major stock exchanges like NSE and BSE.

This acquisition aligns with a growing trend among real-money gaming (RMG) companies to diversify into regulated financial services. Facing challenges due to policy shifts, RMG firms are exploring new revenue streams and reducing regulatory risks by venturing into sectors like wealth-tech and capital markets.

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Bengaluru-based seafood supply chain company Captain Fresh has finalized the acquisition of Spain-based tuna processor Frime, enhancing its presence in key global seafood categories. Founded in 1977 and headquartered near Barcelona, Frime specializes in premium yellowfin tuna, catering to retail and foodservice clients across 33 countries, with a revenue exceeding €180 million ($213 million) and over 20% market share in Europe’s yellowfin tuna market.

Through this strategic move, Captain Fresh expands its multi-species portfolio and secures a significant processing footprint in Europe. Frime’s operations span four production sites with an annual capacity of 15,000 tonnes of frozen products, 9,000 tonnes of fresh tuna, and 3,800 tonnes of semi-preserved items, following a recent €50 million ($59 million) investment in modern processing facilities in Barcelona.

The acquisition bolsters Captain Fresh’s presence in crustaceans, salmon, and tuna categories. The company plans to leverage its distribution network in the United States to amplify Frime’s tuna reach and to grow its crustacean and salmon offerings across Europe. Frime’s current leadership, including chairman Salvador Ramon Mateo and CEO Pablo Múgica, will continue to guide the company within the Captain Fresh group.

This acquisition follows Captain Fresh’s previous ventures, including the acquisition of Poland-based salmon company Koral in 2024, aimed at strengthening its European salmon market presence. Earlier acquisitions of US-based seafood importer CenSea and France-based seafood distributor Senecrus have also contributed to Captain Fresh’s global expansion strategy.

Captain Fresh’s FY25 results show a significant 2.5X increase in gross merchandise value compared to the previous year, reaching Rs 3,421 crore. The company also shifted from a net loss of Rs 229 crore to a net profit of Rs 42 crore during the same period.

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