Tag: Entrackr : Latest Posts

OZi, a quick commerce platform specializing in baby and kids’ products, has secured $6.2 million in a Series A funding round. The investment was led by RTP Global, with contributions from established investors such as Blume Ventures, Huddle Ventures, and Zeropearl VC. The round also included participation from notable angel investors, including Kishore Biyani and founders of various successful startups.

The Series A financing follows OZi’s previous $3.3 million seed round, which was led by Blume Ventures. OZi plans to use the new capital to expand its operations in Gurugram and the National Capital Region, enhance brand visibility and credibility, strengthen its technological and operational capabilities, and diversify its product offerings.

Established in 2025, OZi caters to parents by providing a wide array of curated baby and kids’ products, spanning categories like apparel, toys, baby gear, and daily essentials. The platform’s rapid delivery model, designed for modern families, aims to streamline the shopping experience.

With a product range exceeding 15,000 items for children aged 0 to 12 years, OZi covers fashion, toys, nursing essentials, school supplies, pharmacy products, gifts, and more. Operating round-the-clock, OZi ensures deliveries within 60 minutes, offering scheduled delivery options for added convenience. The platform has seen exponential growth since its Gurugram launch and recently expanded its services to Noida.

Source: Entrackr : Latest Posts

Lending solutions platform Uncia has secured $3 million in a seed funding round led by Pavestone, a venture capital firm based in Hyderabad. This investment aims to support Uncia’s growth in the Indian market and facilitate its expansion into the Middle East, North Africa (MENA), and North America.

Founded in 2020 by Hari Padmanabhan, Uncia is an AI-powered lending technology company dedicated to building digital infrastructure for banks and NBFCs. The platform offers three key products: UnciaPrime for Loan Origination, UnciaLeap for Loan Management, and UnciaFlow for Supply Chain Finance and Digital Lending.

Uncia’s approach addresses the limitations of traditional systems within the rapidly evolving lending landscape. By adopting a unified, cloud-first platform integrated with AI capabilities, Uncia enables swift deployment and scalable growth through a ‘pay-as-you-grow’ model.

Uncia’s AI-powered platforms are designed around a ‘self-serve lending infrastructure,’ empowering financial institutions to autonomously configure, launch, and oversee complex lending products without the hindrances of change requests or IT dependencies.

The startup’s significant presence is evidenced by processing over Rs 2 lakh crore in Asset Under Management (AUM) across prominent financial institutions, including some of India’s major lenders.

Pavestone Technology Fund, with a Rs 816 crore corpus, focuses on backing early growth-stage B2B technology companies like Uncia that tackle crucial challenges for large enterprises. The fund prioritizes companies with established market traction, robust product-market fit, and partnerships with key clients.

Source: Entrackr : Latest Posts

Indian space technology startup, Bellatrix Aerospace, has secured Rs 107 crore (approximately $11.7 million) in its Series B funding round. The Bengaluru-based company, founded in 2015, specializes in developing advanced propulsion systems for satellites, enhancing satellite deployment capabilities.

The funding round involves the issuance of equity and preference shares, with Cactus Partners Fund leading the investment with Rs 28.5 crore. Other key investors include Hero Enterprise Partner Ventures, GrowX Ventures, and 35 North India Growth, contributing to the total amount raised.

Bellatrix Aerospace’s propulsion systems facilitate the efficient deployment of both small and large satellites, improving satellite communication and geostationary orbit operations. The company’s expansion plans into the US market further highlight its commitment to global growth and innovation within the space industry.

Having raised a total of $24.2 million to date, Bellatrix Aerospace continues to push the boundaries of satellite propulsion technology despite operating in a pre-revenue stage. With a focus on enhancing satellite capabilities and advancing space exploration, the funding success signifies a promising future for the company and the spacetech sector.

Source: Entrackr : Latest Posts

Vetic, a pet care startup, reported remarkable revenue growth in FY25, with sales surging to Rs 62.9 crore from Rs 25.5 crore in the previous fiscal year, as reported by Entrackr : Latest Posts. Founded in 2022, Vetic leverages technology to offer pet healthcare services, including consultations, telehealth, vaccinations, surgeries, and grooming in multiple cities across India.

The company’s revenue streams primarily come from traded pet food and accessories, accounting for 46% of total revenue, and pet care services such as vaccination and grooming, contributing over 53% to the firm’s revenue. However, Vetic faced a substantial increase in losses, reaching Rs 65.6 crore in FY25, up by 63% from the previous fiscal year.

Key expenses for Vetic included employee benefits, cost of materials, payments to veterinarians, and marketing spend. The company highlighted a significant rise in marketing expenses, reflecting its efforts to expand its customer base and market presence.

Despite the revenue growth, Vetic’s losses widened, emphasizing the challenges in balancing rapid expansion with financial sustainability. The company’s financial performance underscores the competitive landscape in the pet care industry and the importance of strategic financial management in sustaining growth.

Source: Entrackr : Latest Posts

Pentathlon Ventures, an early-stage venture capital firm focused on B2B technology, has successfully closed its second fund at $31 million (Rs 255 crore). This fund aims to support around 16-20 seed-stage startups, with a strategic focus on areas like Enterprise AI Transformation, Fintech, Healthtech, Cybersecurity, Logistics, and Manufacturing.

The backing for this fund comes from a diverse group of investors, including family offices, high-net-worth individuals, and successful entrepreneurs from India, the United States, and the Middle East, showcasing strong international confidence in India’s emerging B2B tech sector.

While rooted in a B2B, use-case-first investment approach, Pentathlon Ventures is broadening its scope with Fund II to assist companies in developing not just software products but also AI-driven systems and hardware-enabled solutions to tackle complex operational challenges in large industries.

With investments already made in 8 companies, Pentathlon Ventures is on track to fulfill its portfolio targets. The firm emphasizes disciplined capital deployment and high-quality company development, with plans to focus on nurturing a select group of high-potential B2B tech startups over the next few years.

Looking ahead, Pentathlon Ventures will concentrate on supporting Series A/B readiness, enterprise go-to-market strategies, and global expansions, especially targeting the US and Gulf markets, to further enhance the success of B2B tech companies.

Source: Entrackr : Latest Posts

Moving Tech Innovations, the parent company of Namma Yatri, has acquired Netherlands-based Automicle Holding BV, signaling its entry into the European market. The acquisition aligns with Moving Tech’s strategy to expand internationally and introduce its zero-commission, community-focused mobility model to a global audience.

With Automicle’s established presence, Moving Tech plans to scale its services across Europe while collaborating with local stakeholders and transport networks. This step is crucial for the Bengaluru-based company, known for operating platforms like Namma Yatri, Yatri Sathi, and Bharat Taxi, which operate on a direct-to-driver model without charging commissions.

The acquisition is intended to bolster Moving Tech’s open mobility framework in European cities, addressing challenges such as high platform fees and fragmented transportation systems. Having facilitated over 150 million trips and generating substantial driver earnings, Moving Tech’s expansion signifies a significant milestone in reshaping mobility services.

Namma Yatri, one of Moving Tech’s key platforms, is a zero-commission, open-mobility solution in India that directly connects users with auto and cab drivers, offering transparent and affordable ride-hailing experiences in multiple Indian cities.

Recently, Namma Yatri secured Rs 39.75 crore (approximately $4.4 million) in funding, highlighting investor confidence in the company’s growth trajectory.

Source: Entrackr : Latest Posts

Toy manufacturing startup BIDSO has secured Rs 63 crore ($6.7 million) in a Series A funding round led by Blume Ventures, with Rs 51 crore in equity and Rs 12 crore in venture debt. This funding will enable BIDSO to enhance its product design and manufacturing capabilities, expand production capacity, and grow its product portfolio.

BIDSO, founded in 2022 by Aditya Krishnakumar, Vivek Singhal, and Rahul Agarwal, operates as a design-led manufacturing platform, facilitating the development and manufacturing of customized products at scale for consumer brands. Its integrated platform covers product design, engineering, licensing, and manufacturing, streamlining the process for brands to introduce new products efficiently.

Over the past year, BIDSO has established strong B2B partnerships with major toy brands and acquired licenses for popular characters like Peppa Pig and Harry Potter. These partnerships, coupled with an expanded product range and increased manufacturing capabilities, have significantly boosted BIDSO’s revenue, which doubled in the last year.

While currently focused on toys, BIDSO plans to diversify into other consumer product categories by leveraging its design and manufacturing expertise. The company also aims to support the Make in India initiative by bolstering demand and enhancing the capabilities of Indian SME manufacturers.

Source: Entrackr : Latest Posts

Swish, a Bengaluru-based startup, has secured $38 million in a recent funding round led by Hara Global and Bain Capital Ventures, with additional participation from existing investor Accel. The company also received venture debt from Alteria Capital and Stride Ventures.

Founded in 2024, Swish has rapidly expanded its operations, focusing on a model that delivers meals within a limited radius to ensure swift turnaround times. The company’s approach has led to a valuation jump estimated to be over 2.4 times, reaching approximately $140 million post-funding.

With the infusion of fresh capital, Swish plans to further strengthen its quick delivery infrastructure and support the expansion of its services. The company reported a substantial increase in daily order volumes, rising to around 20,000 orders from 5,000 just four months ago.

Operating in the ultra-fast food delivery segment, Swish competes with industry players like Zomato, Swiggy, and Zepto. This sector has witnessed various adjustments, with competitors scaling down or pausing their quick delivery services.

Swish’s success and continued growth underscore the significance of technological advancements in optimizing food delivery operations.

Source: Entrackr : Latest Posts

A fashion supply startup, Thread Factory, has successfully raised Rs 1.5 crore in a pre-seed funding round led by Aviral Bhatnagar at AJVC. The funding will be used to strengthen its technology stack, expand its workforce, onboard additional retailers and manufacturers, and further develop a data-driven supply infrastructure for the apparel industry in India.

Founded by Vivek Solanki and Paras Jindal, Thread Factory operates a B2B platform that connects independent apparel retailers with manufacturers nationwide. By facilitating a more efficient process for retailers to discover and source designs, and aiding manufacturers in production planning through enhanced demand visibility, the company aims to optimize the fashion supply chain.

In India, where sourcing often occurs through informal channels like phone calls and WhatsApp, Thread Factory’s platform addresses existing inefficiencies that result in poor demand forecasting, inefficient procurement, and excess inventory for retailers. Through its platform, retailers can directly browse products, place orders, and generate transaction-level data, ultimately bringing greater intelligence to the supply side of the industry.

The startup reports an annual recurring revenue (ARR) of approximately Rs 4 crore, with a notable 60% monthly repeat customer rate. Additionally, it has successfully onboarded over 40 manufacturers on its platform to date.

AJVC, the early-stage investment firm led by Aviral Bhatnagar, continues to expand its investment portfolio across emerging startups in India, contributing to the growth and innovation within the tech startup ecosystem.

Source: Entrackr : Latest Posts