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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.
VentureSoul Partners has unveiled its first debt fund, VentureSoul Capital Fund I, setting a target corpus of INR 600 crores. Registered under SEBI as a Category II AIF, the fund has attracted investments from family offices, corporates, and high-net-worth individuals, with Micro Labs Ltd. serving as the anchor investor. Other notable investors include figures from KreditBee, Glen Appliances, and Baazar Kolkata. The fund aims to support tech startups across various sectors such as fintech, B2C, B2B, and SaaS, targeting companies at the Series A stage or beyond with a solid revenue model and at least $10 million in prior equity funding. VentureSoul, founded by three former bankers, is committed to introducing innovative debt solutions for startups, addressing a gap in structured financing within India's tech ecosystem. The fund plans to complete its first close by the end of June, focusing on startups that demonstrate substantial growth potential and revenue generation.
This week's update from Entrepreneurship Studio showcases a vibrant series of funding activities and strategic expansions among Indian startups, highlighting the continuous growth and innovation within the sector. Sorin Investments, spearheaded by industry veteran Sanjay Nayar, has successfully closed its maiden fund at Rs 1,350 crore, aiming to catalyze early-stage tech startups. Concurrently, Sauce.vc has initiated its third venture fund targeting ₹250 crore to invest in consumer brands, reinforcing its commitment to nurturing emerging enterprises. In the mobility sector, Euler Motors has secured $24M to broaden its reach across India, supporting the adoption of sustainable transportation solutions. Additionally, DiFACTO Robotics and Automation is set to enhance its international footprint with a Rs 40 crore investment from Stakeboat Capital, which will enable further expansion of its robotic automation systems globally. Moreover, fitness tech startup Portl and agritech firm Fyllo have also received significant funding to advance their innovative solutions in fitness and agriculture respectively. Finally, TechEagle has raised seed funding to refine its drone delivery systems, emphasizing efficiency in rural and remote deliveries. This collective momentum underscores a robust investment landscape, promising substantial advancements in various sectors through technological innovation and strategic funding initiatives.
Infra.Market, a dynamic startup enhancing material procurement for construction and real estate sectors in India, has successfully secured a $50 million investment from MARS Unicorn Fund, aiming to extend its market reach globally. This investment, directed into the company's Singapore unit, supports Infra.Market's ambitious plans to innovate and expand beyond the Indian market, where it has already made significant strides in transforming the fragmented construction industry. With this move, Infra.Market is set to scale new heights in quality control and sourcing, helping small businesses achieve greater efficiency and broader market penetration.
Venturi Partners, a Singapore-based private equity firm, is set to launch a new India-centric fund targeting $100 million, focused on growth-stage consumer startups. This initiative provides a unique investment platform specifically for Indian Family offices. The firm has a history of significant investment in the region, with about 60-65% of its previous $180 million Asia funds deployed in India. Venturi’s strategic approach emphasizes long-term sustainable growth in sectors like health, education, and the environment. With plans to significantly expand its investment footprint, Venturi aims to leverage India’s dynamic market potential, exploring opportunities particularly in food services and health sectors, including niche areas like elderly and pet care.
ThinKuvate, a prominent Singapore-based angel investment network, has launched its first India-focused fund, the ThinKuvate India Fund – I, with a substantial corpus of Rs 100 crore. Dedicated to empowering technology startups, the fund aims to invest up to Rs 3 crore in 12-15 innovative companies annually across emerging hubs like Nagpur, Raipur, Bangalore, and Chennai. With a robust track record and strategic focus on fostering international investments in India, ThinKuvate is poised to catalyze significant growth in the Indian tech ecosystem.
