Loading...
TMT
By
Fabheads, StackBox, Quickshift, others raise funding
Photo Credit: VCCircle

3D printing startup Fabheads has raised an undisclosed amount as an extension of its pre-Series A funding round led by Rockstud Capital, FirstPort Capital and Bliss Flow Investments Pvt Ltd.   

Fabheads had earlier raised Rs 8 crore ($1.07 mn) from Inflection Point Ventures and existing investors.   

“The funds raised will be used towards our marketing, supply chain enhancement and scale up operations. We are fortunate to have these new investors with good industry experience backing us up, who I am sure will be instrumental in our next step of this journey,” founder & CEO, Fabheads, Dhinesh Kanagaraj, said.   

Fabheads offers carbon-fiber parts manufacturing specialized in sectors like automotive, drones, aviation, robotics and industrials.    

StackBox

StackBox, a Bengaluru-based logistics startup, has raised $1.2 million in its new financing round led by CMM Group and Ecosystem Ventures.

The fresh funds will be used to set up more fulfilment centres in different geographies.    

StackBox helps B2B e-commerce firms and FMCG companies solve challenges in delivery by setting up a network of micro fulfilment centres, cross docks and dark stores.   

The startup said it has grown revenues four times in the last 12 months and is operational in Hyderabad, Delhi NCR and Chennai.   

Currently, the company said it is delivering over 50,000 orders of retailers every month.    

“There are a lot of inefficiencies in the current Food and FMCG Retail Distribution as no one has used technology to solve this problem at scale,” Venktesh Kumar, managing director, StackBox, said. 

He is also a former supply chain Head of ITC.

Quickshift

Pune-based Quickshift, a Direct-2-Consumer fulfilment firm, has raised Rs 5.7 crore ($770,000) in a seed funding round led by Anicut Angel Fund and Axilor Ventures. 

The funds will be used to invest in technology and expand its network of fulfilment centres across India.    

“It has been our mission to streamline the vast scale of day-to-day operational activities for brands to make a product reach the customer on a real-time basis, keeping this vision in line, we built QuickShift for speed,”  Anshul Goenka, founder, QuickShift, said. 

Goenka added, “We are currently offering next-day and two-day delivery models to brands and would soon be opening up 2-hour delivery options for mission-critical deliveries.”     

The startup aims to eliminate hassles around the supply chain by leveraging the network of fulfilment centres to place their inventory.   

Mumbai-based Pareto Capital acted as the sole transaction advisor for the deal.

Krishify

Agritech startup Krishify has raised Rs 19.7 crore ($2.7 million) in a round led by Omidyar Network India, Ankur Capital and Orios Ventures.  

Other investors include Nitin Kaushal and Chakradhar Gade of Country Delight.   

Currently, the startup has over 3.5 million users and is growing 30% every month.   

The company is looking to onboard at least 100 million users within the next 3-4 years and hit a gross merchandise value of over $10 billion.  

Founded in 2019 by Rajesh Ranjan, Manish Agarwal, and Avinash Kumar, Krishify is a networking platform for farmers and other agricultural professionals. 

The startup aims to tackle the inefficacy and lack of awareness regarding farming and dairy techniques. It will also help farmers with poor market linkage in crops and dairy. 

The platform can be used by stakeholders in the agricultural setup such as retailers, cattle traders, breeders, and mandi traders. 

“While the Indian agritech space has seen a lot of activity over the last few years, most of these investments and initiatives have been crop centric, leaving the other needs of the farmer entirely unsatisfied,” said Madhav Tandan, director of Omidyar Network India.    

ChefKart

ChefKart, a cooking service platform, has raised $300,000 (Rs 2.2 crore) in a pre-seed funding round led by Titan Capital, Pravega Ventures, Lead Angels, and others.  

The round also saw Ravi Modi of Manyavar Family Office and Vipul Allawadhi and Puja Vijayvargiya, founders of Kutumbh.   

The funds raised from the seed round will be used for product development, sales, and expansion in Delhi NCR.   

Founded by Vaibhav Gupta, Arpit Gupta, and Aman Gupta, the startup aims to provide cooking services at home. 

"ChefKart has served over 500 customers even during COVID times and managed to grow 50% month on month. Since its inception, we have onboarded 2,200 service professionals covering almost entire Gurugram,”  said Vaibhav Gupta, co-founder and CEO. 

Gupta added, "People spend a minimum of 2 hours every day on food -- planning their meals, buying groceries, cooking food or managing their home-chefs. With time, fewer people will cook their own meals and rely on someone to prepare them. Nothing can beat the taste, economics, and nutrition of home-cooked food.”  

Revery

Revery, a gamified wellness startup, has raised $2 million in pre-seed funding led by Sequoia Capital’s Surge.  

The round saw Pascal Capital, GGV Capital, zVentures, Patron, Cred’s Kunal Shah, Mobile Premier League founder Sai Srinivas, and Albert Lee, who co-founded MyFitnessPal, among others.  

The startup is in beta stealth mode and plans to launch globally with a focus on the US market.  

“Many people do not have the time or resources to access quality sleep and mental health care like I did. At Revery, we’re committed to raising awareness about the critical role that sleep plays in determining our wellbeing and how we can take charge of our health,” said co-founder and CTO Khoa Tran.  

Founded in 2021 by Tammie Siew and Khoa Tran, Revery aims to gamify mental wellness by combining cognitive behavioural therapy with gameplay and technology. 

Leave Your Comment(s)