TICE Funding Index July: A Glimpse into Indian Startup Investment

Ready to ride the wave of investment opportunities? Whether you're a seasoned investor, a budding entrepreneur, or simply curious about the latest funding trends, TICE Funding Index has you covered.

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Investors are flocking back to the vibrant Indian startup scene, defying a recent drought and pouring capital into a dynamic mix of ventures. The recent funding rounds showcase the nation's flourishing innovation ecosystem.


The TICE Startup Funding Index is your one-stop shop for navigating this exciting landscape. Our comprehensive coverage tracks the latest funding updates across the Indian startup scene. Whether you're an investor seeking tomorrow's unicorns, an entrepreneur yearning for inspiration, or a curious observer with your finger on the pulse of progress, the TICE Funding Index empowers you with invaluable insights.

This week's TICE Funding News Index brings exciting news from the Indian startup scene! From healthcare and education to artificial intelligence and wealth management, innovation is on the rise. Keep reading for the full scoop on these deals and more!

Startup Fund Raised Investor(s) Purpose
Urban Company $63 million Dharana Capital Boost employee stock option programs and liquidity
Newme $18 million Accel, Fireside Ventures, AUM Ventures Bolster supply chain, invest in data science and tech, expand offline
Seeds Fincap $8.5 million Lok Capital, Z47 Expand lending capabilities, enhance tech infrastructure, broaden branch footprint
Corvi LED $8 million Enam Investments, Hero Enterprise Expand market presence, diversify products, enhance tech capabilities in both B2C and B2B segments
byteXL $5.9 million Kalaari Capital, Michael and Susan Dell Foundation Expand team, develop new tools, increase outreach to colleges
Boon $5 million Roca Group Ventures Scale AI-enabled WaterIoT platform, enhance water purifier efficiency and reliability
FreshBus $5.3 million Maniv Mobility Expand team, develop technology, enhance EV bus services
Ninecamp Ventures $2 million Angel investors, including Zomato cofounders Expand brand portfolio, team size, focus on premium dining experiences
Icanheal Rs 15 crore ($1.8M) IvyCap Ventures Scale operations, expand geographically
Multipl $1.5 million Blume Ventures, MIXI Global Investments, Inc. Enhance platform, introduce new features to democratize investment access
Frendy Rs 2 crore debt Not disclosed Expand network of Frendy Marts and Micro Kiranas, double sales
Namma Yatri $11 million Blume Ventures, Antler, Google, others Technological advancements, digitize public transportation system
Perpetuity Capital Rs 7 crore Not disclosed Enhance lending capabilities, propel EV adoption
SkinInspired $1.5 million Unilever Ventures Research and development, marketing, go-to-market strategy
UptimeAI $14 million Axis Capital, Sequoia Capital India Product development, global expansion, strategic partnerships
Infra.Market Rs 150 crore debt Yubi, Raymond Limited, IKF Home Finance, Samunnati Financial Expand operations, improve financial stability
iVP Semi $5 million Not disclosed Establish a presence, scale operations, build cutting-edge facilities, marketing plans
CollegeDekho $9 million Existing investors Guide students through test prep, college selection, and applications
House of Biryan $2 million Al Siraj Holdings, Angel Star Ventures, high-net-worth individuals from the US Expand to over 40 locations in the next 18 months, aiming for an ARR of ₹100 crore by December 2025
Goat Brand Labs $21 million BlackRock, Mayfield, NB Ventures Grow portfolio brands, expand into new channels like quick commerce, offline stores, and exports
Qarmatek $1 million Umang Nahata, Rakesh Raman, Vishal Makwana Expand into multiple categories of renewed electronics, scale operations, grow geographically
Felicity Games $700K DeVC, Visceral Capital, Kunal Shah, Manish Agarwal, Sriharsha Majety, Sameer Pittalwala Test 10 more games by March 2025, scale revenue by 10x by the end of 2024
Circuit House Technologies $4.3 million Stellaris Venture Partners, 3one4 Capital, Varun Alagh, Abhishek Goyal Launch next-generation consumer electronics brand, starting with home entertainment products
Otipy $10 million New and existing investors including Westbridge Capital Enhance operations in Delhi (NCR) and Mumbai, expand to Bengaluru and Hyderabad
Jugyah $1.5 million White Venture Capital, QED Investors, Godrej Properties, Whiteboard Capital, Singularity Ventures, Kunal Shah, Harsh Jain, Ramakant Sharma Expand presence in Mumbai metropolitan region, increase market share
Planet Marathi OTT $5 million A&MA Capital USA Enhance content offerings, expand library of movies, TV shows, and original productions $29 million Asia Impact, Quona Capital through Quona Blue Earth, Accion Quona Fuel growth and expansion in the agritech sector
Amocare Rs 3 crore ($400K) FAAD Network, AngelBay Holdings Expand business operations, develop new wellness products, increase customer awareness
OYO $50 million InCred Wealth and Investment Strengthen market position, drive future growth
Matter Motor $35 million Helena, Capital 2B, Japan Airlines & Translink Innovation Fund, SB Invest, others Accelerate innovations in electric motorbikes, scale up manufacturing, supply chain, marketing, and retail operations
Dice $5 million Dallas Venture Capital India Fund Enhance technology, expand customer base, strengthen market position

TICE Funding News Index: July 17-18, 2024

Newme Raises $18 Million to Expand Fashion for GenZ Women

Fashion startup Newme has secured $18 million in a Series A round led by Accel, with Fireside Ventures and AUM Ventures participating. The funds will bolster supply chain, invest in data science and tech, and expand offline, catering to trendy GenZ female shoppers.

byteXL Raises $5.9 Million to Bridge Academia-Industry Gap

Edtech platform byteXL has raised $5.9 million in a Series A round led by Kalaari Capital and the Michael and Susan Dell Foundation. The funds will expand the team, develop new tools, and increase outreach to colleges, integrating practical learning and employability skills.

FreshBus Secures $5.3 Million for EV Bus Expansion

EV bus startup FreshBus has raised Rs 43.7 crore ($5.3 million) in a Series A round led by Maniv Mobility. The funds will expand the team, develop technology, and enhance EV bus services, aiming to revolutionize sustainable public transportation in India.

Ninecamp Ventures Raises $2 Million in Seed Round

Ninecamp Ventures, a food and beverage startup founded by ex-Zomato executive Chaitanya Mathur, has secured $2 million in seed funding from angel investors, including Zomato cofounders. The funds will expand its brand portfolio and team size, focusing on premium dining experiences.

Seeds Fincap Gets $8.5 Million Boost for Lending Expansion

NBFC Seeds Fincap has raised $8.5 million in a Series A round led by Lok Capital and Z47. The funds will expand lending capabilities, enhance tech infrastructure, and broaden branch footprint, supporting over 50,000 MSME customers across eight states.

Boon Secures $5 Million for WaterTech Advancements

Watertech startup Boon has raised $5 million in a Series A round led by Roca Group Ventures. The funds will scale Boon's AI-enabled WaterIoT platform, enhancing water purifier efficiency and reliability. Boon plans to replace plastic packaged water with sustainable solutions in various sectors.

Icanheal Raises INR 15 Crore to Boost Healthcare Affordability

Mumbai-based healthcare financing startup Icanheal has raised Rs 15 crore in seed funding from IvyCap Ventures. Founded by Girish Poddar and Amit Backliwal, Icanheal aims to democratize access to advanced medical treatments, using the funds to scale operations and expand geographically.

Multipl Achieves $1.5 Million in Extended Seed Funding

Fintech platform Multipl has secured $1.5 million in an extended seed round co-led by Blume Ventures and MIXI Global Investments, Inc. The funding will enhance Multipl's platform, introducing new features to democratize investment access for Indians.

Urban Company Scores $63 Million Secondary Funding Deal

Urban Company, a home services platform, has garnered $63 million in a secondary funding round led by Dharana Capital. This round involved purchasing $50 million worth of shares from employees, early investors, and founders. The funds will boost employee stock option programs and liquidity.

Corvi LED Shines Bright with $8 Million Series B Funding

Corvi LED, a consumer lighting leader, has secured $8 million in a Series B round led by Enam Investments and backed by Hero Enterprise. This investment will expand Corvi LED's market presence, diversify its products, and enhance its tech capabilities in both B2C and B2B segments.

Funding Frenzy: Indian Startups Haul in Millions Across Sectors! (July 8th - 16th)

CollegeDekho Doubles Down on Education with $9 Mn Boost

CollegeDekho dials up its future with a fresh $9 million from existing investors, fueling its mission to guide students through test prep, college selection, and applications. This round adds to their $90 million war chest, solidifying their place in the education technology space.

iVP Semi Gears Up for Growth with $5 Mn Pre-Series A Funding


iVP Semi makes its grand entrance into India, securing $5 million to establish a presence, scale operations, and build cutting-edge facilities. Chip design centers, a production test facility, and aggressive marketing plans are all on the horizon for this fabless semiconductor startup. With ambitions to generate $70 million to $100 million in revenue within the next few years, iVP Semi is a chip to watch!

Infra.Market Builds on $50 Mn Equity Infusion with Rs 150 Crore Debt Funding Spree

Infra.Market, the construction materials supplier on a roll, secures an additional Rs 150 crore in debt financing over two months. This follows their recent $50 million equity infusion, showcasing strong investor confidence. Yubi leads the charge with Rs 80 crore, alongside contributions from Raymond Limited, IKF Home Finance, and Samunnati Financial.


UptimeAI Scores $14 Million in Series A Funding to Level Up AI-Powered IT Operations

UptimeAI, the provider on a mission to revolutionize IT operations with AI, nabs $14 million in a Series A funding round. Led by Axis Capital and Sequoia Capital India, this investment bolsters their war chest to $18.5 million. With this fresh fuel, UptimeAI will accelerate product development, expand globally, and forge strategic partnerships to solidify its dominance in the IT operations space.

SkinInspired Gets Glowing with $1.5 Mn Seed Round Led by Unilever Ventures


Skincare brand SkinInspired gets a healthy dose of funding with a $1.5 million seed round led by Unilever Ventures. Founded in 2022, SkinInspired offers a range of refillable products catering to various skin types. This investment will fuel their research and development, marketing efforts, and go-to-market strategy, allowing them to continue to develop innovative skincare solutions.

Perpetuity Capital Drives EV Adoption with Rs 7 Crore Funding

Perpetuity Capital, the EV financing startup empowering drivers with electric vehicle ownership, raises Rs 7 crore through non-convertible debentures. This funding will be used to enhance lending capabilities and propel EV adoption, with a particular focus on eastern states.


Namma Yatri Rides High with $11 Million Funding Round

Community-led mobility app Namma Yatri zooms ahead with a stellar $11 million pre-Series A funding round led by Blume Ventures and Antler. Google and other investors join the party, fueling their vision for a fully digitized public transportation system. This investment will accelerate their technological advancements and pave the way for a seamless and integrated public transport experience.

Frendy Secures Rs 2 Crore Debt Funding to Expand Grocery Reach

Frendy, the tech-enabled grocery chain, secures Rs 2 crore in debt funding to bolster its central inventory. This latest round brings their total funding to Rs 42 crore. The fresh capital will be used to expand their network of Frendy Marts and Micro Kiranas in tier III towns of Gujarat, with an ambitious goal of doubling sales within the next year. Their innovative approach of incorporating fast food, beverages, bakery items, and children's entertainment into their marts is proving to be a recipe for success!

Startup Funding News July 9-11, 2024

Planet Marathi OTT Secures $5 Million for Expansion

Planet Marathi OTT, a leading streaming platform for Marathi-language content, has raised $5 million from A&MA Capital USA, a private equity firm. The investment will enhance the platform's content offerings and slate, expanding its library of movies, TV shows, and original productions. Additionally, Planet Marathi OTT has partnered with media tech company Dcafe to improve its technological capabilities and user experience. Founded by Akshay Bardapurkar, the platform delivers a diverse range of content, including romance, comedy, family drama, politics, crime, thriller, and satire, catering to a broad audience.

Jugyah Secures $1.5 Million to Expand in Mumbai

Jugyah, a proptech startup, has raised $1.5 million in a funding round led by White Venture Capital, QED Investors, and Godrej Properties. The round also saw participation from Whiteboard Capital, Singularity Ventures, and notable angel investors such as Kunal Shah, Harsh Jain, and Ramakant Sharma. The funds will be used to expand Jugyah's presence across the Mumbai metropolitan region and increase its market share. With a growth rate of over 50% month-over-month, Jugyah is on track to become cash-flow positive by the end of 2024.

Otipy Poised to Raise $10 Million for Expansion

Otipy, a farm-to-fork company, is set to secure $10 million in an extended Series B funding round from a new investor joining its existing backers. The fresh capital will bolster Otipy's operations in Delhi (NCR) and Mumbai and support its expansion into Bengaluru and Hyderabad. To date, Otipy has raised $44 million, with the previous Series B round led by Westbridge Capital yielding $32 million. The company's farm-to-fork delivery model involves procuring produce directly from farmers and delivering it to consumers every morning, ensuring freshness and quality. Otipy aims to achieve EBITDA breakeven in FY25.

Circuit House Technologies Raises $4.3 Million

Circuit House Technologies, a consumer electronics manufacturer, has secured $4.3 million in seed funding to launch a next-generation consumer electronics brand. The funding round was led by Stellaris Venture Partners and 3one4 Capital, with participation from prominent angel investors such as Varun Alagh, co-founder of Mamaearth, and Abhishek Goyal, co-founder of Tracxn. Founded in March 2024 by Raghu Reddy, former chief business officer of Xiaomi India, and Kailash Sankaranarayanan, former senior director of Flipkart, the company aims to develop and sell consumer electronic products, starting with home entertainment products to be launched early next year.

Felicity Games Raises $700K in Pre-Seed Funding

Felicity Games, a casual game developer and publisher, has raised $700K in pre-seed funding from investors including DeVC, Visceral Capital, and prominent angel investors such as Kunal Shah of CRED, Manish Agarwal, former CEO of Nazara, and Sriharsha Majety of Swiggy. The company, founded in 2023 by ex-Swiggy executive Anurag Choudhary, plans to use the funds to test 10 more games by March 2025 and aims to scale revenue by 10x by the end of 2024. Felicity Games has already made a mark in the gaming industry with over a million monthly players across 14 geographies.

Qarmatek Raises $1 Million in Pre-Series A Round

Qarmatek, a renewed electronics startup focused on sustainability and circular economy, has raised $1 million in a funding round led by Umang Nahata, Rakesh Raman, and Vishal Makwana. This investment will be used to expand into multiple categories of renewed electronics, scale operations, and grow geographically. Founded in 2011 by Krunal Shah and Arun Hattangadi, Qarmatek aims to reduce e-waste by extending the life of electronic equipment through renewal and refurbishment.

Goat Brand Labs Raises $21 Million in Debt and Equity

Goat Brand Labs, an ecommerce roll-up company, has raised $21 million in a mix of debt and equity from investors including BlackRock, Mayfield, and NB Ventures. The funding round is expected to extend and close at around $30 million. The company plans to use the funds to grow its portfolio brands, such as Chumbak and TrueBrowns, by expanding into new channels like quick commerce, offline stores, and exports. Founded in May 2021 by Rishi Vasudev and Rameswar Misra, Goat Brand Labs aims for a profitable revenue of over Rs 500 crore ARR in the next 9-12 months.

House of Biryan Secures $2 Million for Expansion

House of Biryan, a Mumbai-based restaurant chain, has raised $2 million from Al Siraj Holdings, Angel Star Ventures, and high-net-worth individuals from the US. The investment will fuel the company's growth plans, enabling it to expand to over 40 locations in the next 18 months. With a total of $3 million raised to date, House of Biryan currently generates ₹20 crore in revenue and operates at an annual operating loss of 2%. The company aims to serve 100,000 orders per month and achieve an ARR of ₹100 crore by December 2025.

Startup Funding Index July 3- July 8, 2024

Revolutionizing AI Development: Gen-AI Startup Simplismart Secures $7 Million in Funding Led by Accel

Bengaluru-based generative AI startup Simplismart has raised $7 million in a funding round led by Accel. This investment will empower businesses to build production-grade AI systems without writing a single line of code. Simplismart aims to democratize AI development and deployment, marking a significant milestone in their mission.

Kiran Mazumdar-Shaw's Immuneel Therapeutics Secures Rs 100 Crore in Expanded Series A Funding

Immuneel Therapeutics, a biotech startup founded by Kiran Mazumdar-Shaw, has secured Rs 100 crore ($12 million) in an expanded Series A funding round. The company is focused on developing innovative cell and gene therapies for cancer patients, specifically chimeric antigen receptor T-cell (CAR-T) therapies. This funding will fuel Immuneel's growth and propel its mission to revolutionize cancer treatment.

Wealthtech Startup Dezerv Rockets to $207 Million Valuation with $32 Million Series B Funding

Wealthtech startup Dezerv has secured $32 million in Series B funding, propelling its valuation to a staggering $207 million. Dezerv offers personalized portfolio management services to high-net-worth individuals and businesses, leveraging its expertise to deliver exceptional returns. This funding will fuel Dezerv's expansion plans and commitment to revolutionizing wealth management.

Edtech Unicorn PhysicsWallah Eyes $150 Million Funding at a $2.8 Billion Valuation

Edtech unicorn PhysicsWallah is in talks to raise $150 million at a valuation of $2.8 billion. The company has reported a phenomenal 10x growth in operating revenue and projects continued strong performance. This funding round will solidify PhysicsWallah's position as a major player in the edtech landscape.

Healthtech Startup Focuses on You: Watch Your Health

Watch Your Health secures $5 million in Series A funding to personalize health recommendations and improve customer engagement for insurers and pharmaceutical companies.

Ripplr Strengthens Supply Chain Tech Platform

Tech distribution and logistics platform Ripplr raises $40 million in Series B funding to bolster its platform, tackle complexities in the FMCG distribution ecosystem, and expand geographically.

Lobb Logistics Gears Up for AI-Powered Expansion

Bengaluru-based logistics firm Lobb secures $2.9 million to integrate AI technology, broaden operations to over 50 locations, and achieve a projected revenue of Rs 500 crore in two years.

Pepul Bridges the Gap Between Social Media and Shopping

Social commerce platform Pepul secures $3.5 million in seed funding to expand product offerings, enhance its technology infrastructure, and accelerate growth, making online shopping more accessible through social media.

Startup Funding Index - July 1-5, 2024

The first week of July witnessed a flurry of funding activity across diverse sectors in India, reflecting a cautiously optimistic sentiment from investors. From lifestyle brands to e-mobility pioneers, several startups secured crucial capital to fuel their growth journeys.

Comet Raises $5 Million in Series A Round 

Comet, a lifestyle sneaker brand, has successfully secured $5 million in its Series A funding round. The round was led by Elevation Capital, with participation from Nexus Ventures, AngelList India, and AL Trust. This investment values Comet at a pre-money valuation of ₹1.2 billion. The funds will be used to expand operations, enhance market presence, and improve customer experience. Comet plans to invest in technology, production facilities, marketing, and operational efficiency. Competing with major brands like Nike, Adidas, and Redtape, Comet has carved a niche with its retro-styled sneakers and slip-on sandals. Founded by Utkarsh Gupta, Dishant Daryani, and Ankur Tripathi, Comet aims to establish itself as a prominent player in the lifestyle footwear segment.

Bike Bazaar Secures Rs 25 Crore Debt from MAS Financial 

Bike Bazaar, a financing platform for two-wheeler purchases, has secured Rs 25 crore (approximately $3 million) in debt from MAS Financial. The company issued 2,500 non-convertible debentures (NCDs) at an issue price of Rs 1,00,000 each, with a tenure of 30 months and an interest rate of 10.70% per annum. This debt investment adds to the $80 million Bike Bazaar has raised from investors to date, including a $30 million round from Women's World Banking Asset Management (WAM) in February last year. Bike Bazaar facilitates loans for over 300,000 vehicles and operates a marketplace for buying and selling two-wheelers, including used and electric models, making it a significant player in the Indian automotive finance industry.

Dice Raises $5 Million from Dallas Venture Capital India Fund 

Dice, an enterprise spend management startup, has raised $5 million from the Dallas Venture Capital India Fund. This investment underscores the potential of Dice's innovative solution, which streamlines and optimizes corporate spending. The funds will enhance Dice's technology, expand its customer base, and strengthen its market position. With this backing, Dice is poised to revolutionize corporate expense management, promoting efficiency, transparency, and cost savings.

Matter Raises $35 Million in Series B Round 

Matter Motor, an e-bike manufacturer, has secured $35 million in the first tranche of its ongoing Series B funding round, led by US-based venture capital firm Helena. Other investors, including Capital 2B, Japan Airlines & Translink Innovation Fund, SB Invest, and various institutional investors and family offices, participated in the round. The company aims to raise a total of $70 million in this Series B round, valuing it at Rs 1,690 crore ($204 million). The funds will accelerate innovations in electric motorbikes, scale up manufacturing, supply chain, marketing, and retail operations. With 40,000 pre-bookings for its AERA electric motorbike, Matter Motor is poised for significant growth in the e-mobility sector.

OYO Raises $50 Million from InCred at $2.38 Billion Valuation 

OYO, a leading hospitality unicorn, has secured $50 million from InCred Wealth and Investment, valuing the company at $2.38 billion. This funding round marks a significant milestone for OYO, which achieved an annual net profit of ₹100 crore in FY24. Despite a valuation haircut of over 70% from its peak, OYO remains a prominent player in the hospitality industry with a strong presence in India and globally. The fresh capital is expected to support OYO's efforts to strengthen its market position and drive future growth.

Amocare Raises Rs 3 Crore in Pre-Seed Round 

Amocare, a natural wellness brand, has secured Rs 3 crore (approximately $400,000) in pre-seed funding from a mix of domestic and international investors, including FAAD Network and AngelBay Holdings. The company plans to use this capital to expand its business operations, develop new wellness products in the intimate care sector, and increase customer awareness. Amocare aims to provide natural and effective solutions for personal care, and this funding will support its mission to promote holistic well-being. Raises $29 Million at $325 Million Valuation 

Agritech startup has secured $29.2 million from previous backers, including Asia Impact and Quona Capital through Quona Blue Earth and Accion Quona, at a valuation of $325 million. The Noida-based company issued 53,695 compulsorily convertible preference shares (CCPS) at an issue price of Rs 45,137, raising a total of Rs 134.46 crore. reported a profit in FY23, with its gross scale growing 49.48% year-on-year to Rs 290 crore and profits increasing 11 times to Rs 7.58 crore. Competing with DeHaat, Ninjacart, and Bijak, plans to use the funding to fuel its growth and expansion in the agritech sector.

Wify Secures Funding from Mount Judi Ventures and Capria Ventures

Wify, a home maintenance and repair services startup, has successfully raised Rs 25 crore ($3 million) in a funding round led by Mount Judi Ventures and Capria Ventures. This round also saw participation from Blume Founders Fund and other existing investors. The funds will be used to expand Wify's value-added services, explore new categories, build capacity, and enhance its software and technology. Wify's goal is to become the top brand for upgrading, repairing, and maintaining urban homes. Currently, the startup boasts a network of over 3,000 technicians across 100 cities in India and has partnerships with more than 100 brands, including IKEA, Amazon, Godrej, and Hettich. This funding will help Wify strengthen its position in the home maintenance and repair services market.

Caution Raises Rs 6.5 Crore from Antler and 8i Ventures

Cautio, a startup specializing in safety and security solutions, has secured Rs 6.5 crore ($780,000) in funding from Antler and 8i Ventures, along with contributions from AU Small Finance Bank, early customers, and angel investors. The funding will be used to deploy advanced safety solutions across India, improve driver conduct and accountability, reduce revenue loss, and expand its API-first strategy. Cautio aims to tackle safety issues in the mobility and transportation sector and is currently serving institutions, mobility and logistics companies, with several pilot projects in progress nationwide. Founded by Ankit Acharya, a former senior executive at Namma Yatri, and Pranjal Nadhani, a former senior engineer at Dream11 and Urban Company, Cautio is dedicated to enhancing safety and security in the Indian transportation industry.

Pivot Robots Secures Funding from NuVentures

Pivot Robots, a robotics startup, has secured an undisclosed amount of funding from NuVentures, with additional participation from Y Combinator and a US-based fund. The company intends to use the funds to expand its team in areas such as motion planning and computer vision, test more robots, and establish an office space. With a current focus on the US market, Pivot Robots plans to assist manufacturers in automating labor-intensive tasks and aims to expand to large manufacturing hubs like India within the next two years. Founded by Carnegie Mellon University graduates Siddharth Girdhar and Vignesh Rajmohan, who possess expertise in AI and robotics, Pivot Robots is set to revolutionize the manufacturing industry with its cutting-edge solutions. NuVentures, led by Venk Krishnan and known for its successful investments in companies like Mu Sigma, Acko, and RagaAI, adds this investment to its impressive portfolio, marking a significant milestone in Pivot Robots' growth journey.

Supplement Startup Supply6 Secures Investment from AB De Villiers

Supply6, a supplement startup, has announced that AB de Villiers, the renowned former South African cricketer, has joined the company as both a brand ambassador and investor. This partnership aligns perfectly with Supply6's mission to promote healthier lifestyles, leveraging de Villiers' dynamic approach to health and fitness. Supply6 offers a comprehensive range of health supplements, including its flagship product, Supply6 360, which addresses common deficiencies in Vitamin D, B12, and gut health. Additionally, they provide targeted solutions for specific health concerns such as skin wellness and energy enhancement. This collaboration is expected to significantly boost the company's growth and reputation in the health and wellness industry.

Purplle Group Secures Rs 1,000 Crore Funding Led by ADIA Subsidiary

Purplle Group, a leading beauty and wellness company, has raised Rs 1,000 crore in funding led by a subsidiary of the Abu Dhabi Investment Authority (ADIA). The capital will be used to expand the company's offline presence, enhance technology and data capabilities, and improve profitability. Additionally, Purplle Group has introduced an Employee Stock Ownership Plan (ESOP) liquidity program, offering Rs 50 crore in liquidity to its employees. This funding will help accelerate Purplle Group's growth trajectory, as the company has already achieved operational profitability and a four-fold increase in Gross Merchandise Value (GMV) over the past three years. The company's investor base includes prominent names such as Kedaara, Premji Invest, Sequoia Capital India, and Goldman Sachs.

The future looks bright, fueled by the vibrant ecosystem of funded startups from tech titans in the making to healthcare revolutions. This funding frenzy is more than just a cash injection; it's a springboard for groundbreaking ideas that will redefine industries and shape the world to come. So, keep your eyes peeled – the future is about to take a thrilling leap forward.

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