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Group photo of five team members standing together in front of The Hosteller logo on a bright yellow background. Two men and one woman from V3 Ventures are seen wearing black shirts, while two men from The Hosteller wear casual T-shirts, including one with the brand's logo. Everyone is smiling and standing closely, reflecting a sense of collaboration and partnership.

The Hosteller Raises $4M in Series A, Plans Expansion to 150+ Locations

The Hosteller, an Indian backpacker hostel chain, raised $4 million in a Series A round led by V3 Ventures, valuing the company at Rs 200 crore ($25 million). Founded in 2014, The Hosteller operates in over 60 locations, offering affordable lodging and immersive travel experiences. The funds will support expansion to 150+ locations within 24-30 months. For FY 2024, the startup reported Rs 55 crore in revenue with positive margins. CEO Pranav Dangi highlighted their tech concierge Glu, while CFO Saksham Khemka noted 4x growth over the past three years, with plans to add 50 properties by year-end.

By
Anurag Trivedi
The image shows three individuals, likely the co-founders of Kindlife, standing together and smiling. The person on the left is wearing a dark blue shirt, the person in the center is wearing a denim jacket, and the person on the right is wearing a white blouse. Above them is the Kindlife logo, which features a small green bird icon. The setting appears to be a modern indoor space, possibly an office or a workspace, with lights and industrial design elements visible in the background.

Kindlife Raises $8M to Expand Korean Beauty Brands in India

Gurugram-based startup Kindlife, which specializes in skincare, beauty, and wellness products, has secured $8 million in a Series A funding round led by JB-Dooeun TK Fund and MIXI Global Investments. The round also saw participation from existing investor Kalaari Capital and several angel investors. This follows a $2.5 million seed round in November 2021. Founded by Radhika Ghai, Vidit Jain, and Manasa Garemella, Kindlife leverages AI technology to offer personalized beauty routines for Gen Z consumers. The platform also features an influencer community promoting the latest K-beauty trends. The newly raised capital will be used to enhance Kindlife’s market presence in India, focusing on premium Korean and Japanese beauty brands, while strengthening its distribution network and content-driven approach.

By
Anurag Trivedi
Illustration of a chef organizing food supplies on shelves, with a refrigerated truck unloading fresh produce and packaged goods. The scene highlights efficient inventory management and supply chain logistics, featuring blue and white tones with a clean, modern design.

Centriti Raises Rs 6 Crore to Revolutionize HoReCa Procurement

Centriti, a B2B e-procurement platform, has secured Rs 6 crore in funding led by Emergent India Ventures, with participation from Atrium Angels, Alluvium Capital, Venture Garage, CoralBay Ventures, HOF, and Brigade Group. The funds will enhance tech capabilities, reduce service time, and expand into new geographies. Founded in 2022 by Daljeet Singh, Centriti uses mid-mile logistics, warehousing, and AI-driven inventory management to optimize costs and efficiency for hotels and restaurants. The Delhi-based startup collaborates with major brands like Taj Hotels, Oberoi Hotels, Accor Group, Barbeque Nation, and Chai Point. Currently operating in Delhi, Bengaluru, and Jaipur, Centriti plans to expand to Goa, Hyderabad, Kochi, and Chennai within two years. With a current monthly run rate of Rs 2 crore, the company aims to reach Rs 6 crore by December 2024, scaling up 10x in two years.

By
Anurag Trivedi
A scientist wearing a mask and protective gear holds a microchip, with the iVP Semi logo displayed prominently on the right side. The background features a circuit board design, highlighting the focus on semiconductor technology.

iVP Semi Secures $5M to Boost India's Fabless Semiconductor Market

Raja Manickam, CEO of Tessolve, has launched iVP Semi, a fabless semiconductor startup, securing $5 million in Pre-Series A funding from undisclosed investors. The funds will be used to establish testing facilities and expand operations in India, with plans for chip design centers in Chennai and Bengaluru. iVP Semi aims to localize semiconductor chip production, enhancing technological autonomy for Indian companies. iVP Semi is collaborating with the Tamil Nadu government to set up a 20,000 sq. ft. “production test” facility in Chennai by October 2024 and plans a second unit in South India. The launch aligns with rising semiconductor demand, supported by government incentives, and aims to bolster India's position in the global semiconductor market.

By
Anurag Trivedi
The image shows the founders and key members of the Thane-based healthtech startup Watch Your Health. They are standing in a professional setting, dressed in business attire. The company logo, featuring an apple and a running person, is displayed prominently above them. To the left, there is an illustration of a first aid kit emerging from a smartphone with the text "Care is on the way," symbolizing the company's mission to provide accessible and personalized health management solutions through technology.

Thane's Watch Your Health Secures $5M Series A Funding

Thane-based healthtech startup Watch Your Health has raised $5 million in a Series A funding round led by Cornerstone Ventures and Conquest Global. Founded in 2015 by Ratheesh Nair, Abhitosh Pandey, Jay Patel, and Prachi Shinde, the startup helps insurers and pharmaceutical companies enhance customer engagement using advanced analytics for personalized health recommendations. The funds will be used to scale operations, expand the user base, and enhance technological infrastructure. Watch Your Health aims to introduce electronic behavior records, mental health support, predictive analytics for disease prevention, and chronic disease management. The startup has established partnerships with healthcare providers like Watania Takaful and Shalina Healthcare, competing with HealthifyMe, GOQii, and others.

By
Anurag Trivedi
The image features a promotional banner for Wify, a home furnishing installation startup. The background is a vibrant lime green, and prominently displayed in the center is the company's logo "Wify" in white with a decorative flourish under the "f." On the right side of the image, there are two individuals, presumably co-founders, wearing black polo shirts with the Wify logo. They are smiling and appear confident. Additionally, there are illustrations of two potted plants in the bottom left corner, adding a touch of nature to the design. The overall composition highlights the brand's friendly and professional image.

Wify Secures $5M in Pre-Series A for Home Furnishing Expansion

Home furnishing startup Wify recently closed its Pre-Series A funding round, garnering INR 40 Cr (approximately $5 million). The funding, conducted in two tranches, saw initial investors like Blume Founders Fund and Singularity Ventures, and later additions from Mount Judi Ventures and Capria Ventures. This financial boost will enable Wify to expand its product offerings, introduce new services, and strengthen its technology framework.

By
Anurag Trivedi
Three founders of Fabriclore, Vijay Sharma, Sandeep Sharma, and Anupam Arya, standing in front of the company's logo. The background features a colorful and abstract design, highlighting the fabric sourcing platform.

Fabriclore Raises $1.6M to Expand Tech-Enabled Fabric Sourcing Globally

Jaipur-based Fabriclore has raised $1.6 million in funding led by PeerCapital from Bengaluru and Regal Fabrics from the UAE. This tech-enabled fabric sourcing platform for fashion businesses will use the funds to expand its presence in key markets, including India, the Middle East, Europe, and the USA. The company will invest in technology to streamline operations, enhance customer experience, and scale internationally. Founded in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam Arya, Fabriclore offers a wide portfolio of cotton, viscose, sustainable, and polyester fabrics. With a catalogue of 10,000 SKUs developed by over 550 suppliers, it has onboarded over 200 private labels within 12 months of its B2B pivot. Fabriclore also created the Fabric Experience Studio in Jaipur and plans more in tier-A cities in India and the UAE.

By
Anurag Trivedi
Three men, Jimish Kapadia, Sanjay Sarda, and Sushant Bhasin, in business attire stand in front of a backdrop featuring US dollar bills and the Growth Sense logo, symbolizing their success in securing $600,000 in funding for their startup ecosystem.

Growth Sense Secures $600K Funding from Angels, Micro VCs, Industry Veterans

Growth Sense, an India-based business growth platform, has raised $600,000 in funding led by angel investors, micro VCs, and industry veterans. This funding will help Growth Sense empower small and medium enterprises (SMEs) by providing strategic growth solutions, showcasing investor confidence in its potential. The funds will be used to enhance the platform, expand the team, and scale operations to reach more SMEs. Growth Sense aims to leverage advanced technology and expert insights to help SMEs overcome growth challenges and achieve sustainable success. This strategic move aligns with the company's vision to become a leader in the SME growth sector, driving economic development with valuable resources and support.

By
Anurag Trivedi
Banner with the text 'THIS WEEK in STARTUPS' in bold blue letters, accompanied by a yellow graphic on the left. Below, the hashtag #thisweekinstartups is displayed in blue, along with the dates '22 June – 28 June 2024' in gray. The Entrepreneurship Studio logo appears in the bottom right corner, featuring four colored dots in blue, yellow, teal, and green. Wavy yellow and blue lines decorate the top right corner.

This Week In Startups: June 22-28

This Week in Startups 🌟 | Stay ahead with Entrepreneurship Studio as we bring you the latest and most exciting updates from the startup world. From groundbreaking funding rounds to innovative breakthroughs, we've got your weekly dose of entrepreneurial spirit right here.

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Anurag Trivedi
The image features a promotional banner for Cloudphysician, an AI healthcare company. On the left side of the banner, there's a graphic of a doctor wearing a lab coat with a stethoscope, symbolizing healthcare. The center and right sections of the image display a large, bold logo of Cloudphysician against a blue background with light blue wave patterns. On the right, there are photos of two smiling men, Dr. Dhruv Joshi and Dr. Dileep Raman, the co-founders, wearing blue polo shirts with the Cloudphysician logo, representing the leadership behind the company. The overall design conveys a professional and innovative healthcare service.

Cloudphysician Raises $10.5M in Series A to Revolutionize Global Critical Care with AI

Cloudphysician, an AI healthcare startup based in Bengaluru, has secured $10.5 million in a Series A funding round led by Peak XV Partners, alongside Elevar Equity and Panthera Peak. The funding will bolster the startup's growth within India and its expansion into global markets including the US. This infusion of capital will enhance Cloudphysician’s AI platform, RADAR, advancing its co-pilot features to support medical professionals more effectively. Founded in 2017, Cloudphysician aims to transform critical care delivery by leveraging its AI-powered digital Care Center platform to manage ICU operations across approximately 2,400 beds in 230 hospitals. This innovative approach has significantly reduced ICU mortality rates by up to 40%, demonstrating Cloudphysician’s impact on healthcare efficiency and patient outcomes.

By
Anurag Trivedi
The image is a promotional banner featuring the three founders of Rocketlane, depicted in front of a modern office building. They are smiling and standing close together, suggesting a strong team dynamic. The company's logo, "Rocketlane," is prominently displayed in the upper right corner of the image, set against the building's glass façade.

Rocketlane Secures $24M in Series B Funding to Enhance AI Capabilities and Expand

Rocketlane, a SaaS provider specializing in project delivery and professional services, has successfully raised $24 million in a Series B round, co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. This funding boosts Rocketlane's total capital to $45 million, aimed at advancing AI integrations for enhanced customer feedback and project management. The startup, founded in 2020, is set to improve its PSA platform, introduce AI in client communications, and upgrade its customer portal. Expanding its scope, Rocketlane will invest in conversational AI and AI-driven templates to streamline project management and enhance service accuracy. Targeting mid-market and lower enterprise clients, Rocketlane plans U.S. expansion and a European market entry event in September, alongside appointing Rao Adavikolanu as CMO to propel its strategic growth and market presence.

By
Anurag Trivedi
The image features a horizontal banner for Zyod, showcasing a stylized, graphic design. The left side prominently displays the logo "ZYOD" in large, bold white letters on a dark green background. To the right, a detailed illustration depicts a person, seen from behind, working on fashion design patterns. They are hanging up various pieces of pattern paper, which include different garment outlines. The scene is set against the same dark green background and emphasizes elements of fashion design such as scissors, threads, and pins, adding to the creative, industry-focused theme of the banner.

Zyod Raises $18M in Series A to Expand and Innovate in Fashion Manufacturing

Zyod, a tech startup based in Gurugram, has secured $18 million in Series A funding to expand its global reach in the fashion manufacturing industry. Led by RTP Global, with participation from existing investors like Lightspeed and Alteria Capital, the funding will propel Zyod’s expansion into over 40 countries. The startup's innovative ERP software has revolutionized production processes, optimizing operations across more than 80,000 Indian factories. With this new capital, Zyod aims to penetrate markets in Brazil and Australia, and explore under-tapped regions such as Africa and Scandinavia. The company also recently launched a mobile app to better serve long-tail and enterprise clients, enhancing customer engagement and operational efficiency.

By
Anurag Trivedi
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