Tag: Entrackr : Latest Posts

Oxyzo, a technology-led NBFC, has ventured into fund management by introducing Oxyzo Credit Fund I (OCF-I) through its subsidiary, Oxyzo Investment Manager Private Limited. This performing credit fund aims to offer secured credit to mid-sized, investment-grade companies to support their growth capital needs.

The fund, categorized as a Category II Alternative Investment Fund by SEBI, has successfully closed its initial round of funding, attracting investments from high-net-worth individuals, family offices, and institutional investors. Tourism Finance Corporation of India has also sanctioned an investment up to 5% of OCF-I’s total corpus.

Oxyzo Investment Manager, operational since July 2025, plans to elevate its assets to approximately Rs 3,000 crore over the next few years. Emphasizing investments in ESG-compliant enterprises, OCF-I aligns with sustainable practices.

In financial terms, Oxyzo Financial Services reported an operating revenue of Rs 1,207 crore in FY25, signaling a growth trajectory from the previous fiscal year. With total assets amounting to Rs 9,236 crore, Oxyzo has diversified into structured credit and fund management, broadening its financial services portfolio.

Oxyzo’s recent achievement of unicorn status following a substantial Series A funding round underscores its growth trajectory. Parent company OfBusiness is preparing for a significant IPO, poised to combine a fresh issue with an offer for sale, indicating the company’s expansion plans.

Source: Entrackr : Latest Posts

Supertails, a pet care startup founded in 2021, has achieved a significant milestone by surpassing the Rs 100 crore revenue mark in the fiscal year ending March 2025. The company, founded by Varun Sadana, Aman Tekriwal, and Vineet Khanna, has positioned itself as a comprehensive digital platform catering to pet care needs.

Supertails’ revenue growth was primarily driven by product sales, which accounted for nearly 95% of its total operating revenue. The company also provides veterinary services, contributing to its revenue stream. Despite the revenue growth, Supertails faced a 28% increase in losses, reaching Rs 52.5 crore in FY25, as it continued its expansion efforts. The company’s expenses surged by 53%, primarily attributed to costs of materials, employee benefits, marketing, and other overheads.

Supertails’ financial performance highlights the challenges and opportunities in the pet care sector, showcasing the demand for digital solutions in pet parenting. The company’s strategic focus on product offerings and revenue diversification will be crucial in navigating the competitive landscape and sustaining growth.

Source: Entrackr : Latest Posts

Info Edge, a prominent player in India’s startup investment landscape, has announced the launch of a new growth-stage investment fund totaling Rs 250 crore. The newly introduced B8 Fund-I will cater to later-stage companies, potentially extending its capital beyond the initial commitment.

With existing early-stage investment platforms like Info Edge Ventures, Capital 2B, Redstart Labs, and direct investments, Info Edge has a solid foundation in supporting startups. The company has made notable investments in startups such as Gnani AI, Ixigo, Shiprocket, Zingbus, Truemeds, Zomato, and Policybazaar.

The focus of the new fund will be on nurturing growth-stage, tech-enabled startups in India or those primarily serving the Indian market. As a Category II alternative investment fund approved by Sebi, the fund will operate for eight years post its initial closing.

Last year, Info Edge shareholders greenlit an investment plan of up to Rs 1,000 crore in Info Edge Ventures’ third fund, showcasing a strategic move towards strengthening its startup investing platform in collaboration with Temasek, Singapore’s sovereign wealth fund.

For the quarter ending December 31, Info Edge reported a rise in operating revenue to Rs 819 crore, accompanied by a 10% year-on-year increase in net profit to Rs 317 crore from Rs 288 crore.

Source: Entrackr : Latest Posts

Table Space, a managed workspace startup founded in 2017, is preparing for an initial public offering (IPO) in India. The IPO is expected to include a fresh issue of shares valued at up to Rs 1,000 crore, as well as an offer for sale (OFS) component.

Before the IPO, the company successfully raised Rs 200 crore in a pre-IPO round through private placement, a move approved at an extraordinary general meeting (EGM) last month.

Financial filings with the Ministry of Corporate Affairs (MCA) reveal that the upcoming pre-IPO fundraising round represents 20% of the total fresh issue size, suggesting the fresh issue part of the IPO could be around Rs 1,000 crore.

Table Space specializes in customized coworking spaces and has a capacity exceeding 10 million square feet, serving 290 unique clients across 7 cities, including Bengaluru.

In FY25, Table Space reported revenue of over Rs 1,000 crore, a 50% year-on-year increase from Rs 906 crore in FY24. Excluding an exceptional item, the company’s profit surged nearly threefold to Rs 14.6 crore during the same period.

Table Space reported an exceptional item of Rs 1,568 crore, stemming from a non-cash fair valuation loss on its CCPS-A instruments, which convert into equity just before a liquidation event or earlier with investor consent.

Table Space will compete in the growing flex-workspace market in India, alongside established players like WeWork India Management, Smartworks Coworking Spaces, IndiQube Spaces, and Awfis Space Solutions, with WeWork India leading recent IPO activity in the sector.

Source: Entrackr : Latest Posts

Gushwork, an AI-driven B2B marketing platform, has secured $9 million in funding, led by Susquehanna Asia VC. This investment round also saw participation from Lightspeed, B Capital, Seaborne Capital, Beenext, Sparrow Capital, and 2.2 Capital. The Bengaluru-based startup, founded in 2023 by Nayrhit Bhattacharya and Adithya Venkatesh, plans to use the funds to enhance product development, improve the precision of its AI agents, grow engineering teams, and expand go-to-market operations.

Gushwork’s platform leverages Generative AI and human expertise to assist small and medium businesses (SMBs) and manufacturers in acquiring customers through AI-powered SEO strategies. The company reports that over 300 businesses worldwide are currently using its services, with an additional 800 on the waitlist. By combining AI capabilities with human touchpoints, Gushwork ensures that business websites receive visibility when potential buyers seek information on platforms like ChatGPT, Gemini, and Google.

Customers using Gushwork typically see around 10-15 qualified sales inquiries per month by the third or fourth month, resulting in a substantial return on investment. The startup states that 80% of its clients observe a significant increase in website impressions and inbound leads within two months of deploying the platform. Operating on a subscription model, Gushwork’s pricing ranges from $800 to $2,500 per month based on the managed pages, with plans to introduce performance-linked variable pricing alongside subscriptions in the future.

Source: Entrackr : Latest Posts

Debt relief platform FREED has successfully raised ₹60 crore (approximately $6.5 million) in funding, with Aavishkaar Capital leading the investment round. Existing investors Sorin Investments, Piper Serica, and Sattva Ventures also participated in the funding.

This latest funding round comes after a two-year gap since FREED’s Series A funding of ₹60 crore. The company had previously raised $2.8 million in a pre-Series A round in May 2022.

Established in 2020, FREED leverages technology to provide financial counseling, negotiated settlements, and structured repayment plans through trustee-managed special purpose accounts. It caters to stressed but repayment-capable borrowers by facilitating structured consolidation loans via regulated lending partners.

FREED has counseled over 20 lakh customers, managed more than 1.2 lakh active accounts, and has a portfolio of over ₹3,200 crore in debt under management. The company aims to enroll nearly $1 billion in stressed debt over the next 18 months.

The funding will enable FREED to scale its operations, explore new geographies, enhance underwriting and product capabilities, and forge stronger institutional partnerships. Despite facing competition from players like Loan Settlement, Single Debt, and CreditQ, FREED’s tech-driven approach and steady growth trajectory position it as a key player in the debt relief segment.

Source: Entrackr : Latest Posts

This week, the Indian startup ecosystem saw 43 startups collectively raise approximately $222.87 million, with a mix of growth-stage and early-stage deals. While the funding amount was significantly lower compared to the prior week’s total of about $1.3 billion raised by 29 startups, the landscape remained diverse, with investments across various sectors.

Growth-stage Deals: Three key growth-stage deals totaled $45.2 million, including a $20 million Series A round for defense technology startup Constelli, a $17.5 million Series B round for Wishlink, and a Rs 70 crore pre-Series B round for Home Essentials.

Early-stage Deals: The funding spotlight shone on early-stage deals this week, with $177.68 million raised across 36 transactions. Notable investments include Temple’s $54 million debut funding round, Xflow’s $16.6 million Series A, Prayaan Capital’s $12 million, and MeltPlan’s $10 million.

Startups in diverse sectors like AI, proptech, nutraceuticals, and debt relief also secured funding, showcasing the breadth of innovation in the Indian startup space.

For further insights into the funding details, readers can refer to TheKredible.

City and Segment-wise Distribution: Bengaluru led with 21 deals, followed by Delhi-NCR with 11. AI and deeptech startups led in deals, followed by healthtech, e-commerce, and other sectors.

Series-wise Funding Trends: Seed rounds dominated with 19 deals, followed by Series A and pre-seed rounds. The week witnessed a decline in funding compared to the previous week.

Key Hirings and Departures: Several key appointments were announced across various startups, reflecting the dynamic nature of leadership roles in the industry.

Fund Launches and Mergers: New growth-stage funds and strategic acquisitions highlighted the evolving investment landscape.

ESOP Buyback and New Launches: Initiatives like ESOP buybacks and new product launches underscored the focus on employee incentives and market expansion strategies.

Financial Results and News Highlights: Recent financial developments and noteworthy news flashes added depth to the overall funding narrative.

Source: Entrackr : Latest Posts

Proptech startup Spintly has recently closed an $8 million Series A funding round, with ENRISSION India Capital contributing to the undisclosed amount. The financing was led by Accel and saw additional investment from Chakra Growth Fund, Alumni Ventures, and Spyre VC.

Previously, Spintly had secured Rs 3.5 crore in an extended seed funding round last year, followed by a $5.36 million investment from various sources including Letsventure and Accel Nest.

The newly acquired capital will enable Spintly to advance product development, expand its global footprint, and enhance its AI capabilities. The company’s focus remains on serving enterprise clients in managing access control systems across expansive commercial properties and multi-location facilities.

Founded by Rohin Parkar, Spintly specializes in building a wireless access control system utilizing its proprietary BLE mesh network technology. This platform allows businesses to deploy access control solutions without conventional wiring, reducing installation complexity and time. The system also offers secure access management features and local log storage functionality, ensuring operational continuity during power outages.

Spintly currently operates in regions such as India, the Middle East & Africa, and the United States, integrating wireless hardware infrastructure with software-driven controls. Additionally, the company is actively incorporating AI-driven intelligence into its existing camera infrastructure to enhance security analytics for commercial premises.

Source: Entrackr : Latest Posts

A new startup, Temple, has successfully raised $54 million in its initial funding round. The funding was led by founder Deepinder Goyal and included investments from Steadview Capital, Peak XV Partners, and Nikhil Kamath. Notably, over 30 Temple employees also participated in the round, aligning their interests with external investors.

Temple’s filing with the Registrar of Companies revealed the issuance of seed Series CCPS to raise the funding amount. Goyal made a significant investment of approximately $11.5 million, followed by contributions from other key investors.

After the funding, Temple is valued at around $190 million, with Goyal holding the largest stake at 28.59%. The company has also allocated a 10% ESOP pool valued at $19 million, showcasing its commitment to incentivizing employees through equity ownership.

Temple’s core focus is on developing a wearable, non-invasive device that tracks blood flow in the brain. This innovative technology has the potential to revolutionize healthcare and personal wellness monitoring.

Source: Entrackr : Latest Posts