Wellness brand Amocare raises $400K in pre-seed round Wellness brand Amocare has secured $400,000 in a pre-seed funding round co-led by FAAD Network and AngelBay Holdings. The proceeds will be deployed towards scaling business operations, curating more wellness products in the intimate category, building a high-trust brand, and focusing on driving customer awareness, Amocare said in a press release. Co-founded in 2023 by Prabhat Maheshwari and Neeraj Sehgal, Amocare offers premium intimate wellness products with a focus on natural solutions. Its products range from personal care to intimate hygiene, catering to holistic wellness needs. Visit - https://entrackr.com/2024/07/wellness-brand-amocare-raises-400k-in-pre-seed-round/ #Amocare #FundingNews #intimatewellnessproducts #premiumintimatewellnessproducts #intimatehygiene

Learn about Sachin Dev Duggal, the visionary behind the AI startup Builder.ai, a London-based startup started by a teen entrepreneur. London-based AI firm Builder.ai has been making headlines with its recent achievements, including securing a $250 million funding round led by the Qatar Investment Authority (QIA). Builder.ai was founded by Sachin Dev Duggal in 2017 and makes so-called “no-code” and “low-code” platforms. Using its software, anyone can develop and manage apps, from tech-shy artists looking to sell their work online to design professionals with limited programming experience. Know More : https://techfundingnews.com/from-teen-entrepreneur-to-unicorn-founder-meet-sachin-dev-duggal-the-visionary-behind-london-ai-firm-builder-ai/ #artificialintelligence #AI #technology #sachindevduggal #sachinduggal #builderai #ainews #technews #news

Juicy Chemistry’s scale dwindles 21% in FY23, losses rise 11% Juicy Chemistry, a skin and personal care brand, saw a 21% revenue drop to Rs 19.7 crore in FY23, with operating revenue falling 24% to Rs 18 crore. Despite reduced expenses (down 14% to Rs 28 crore), losses rose 11% to Rs 8.2 crore. Key costs included advertising (33%), materials (25%), and employee benefits (10%). Founded by Megha Desai Asher, the brand competes with Sugar Cosmetics, Mamaearth, and Plum. Major stakeholders include its Promoters, Amit Nanavati, Verlinvest, and Purplle. #thekredible #JuicyChemistry #RevenueDrop #SkincareIndustry #D2CBrand #SkincareProducts #StartupUpdate #BusinessNews #FundingNews #CosmeticIndustry #SkinCareNews #StartupEcosystem https://thekredible.com/blogs/juicy-chemistrys-scale-dwindles-21-in-fy23-losses-rise-11

Ola Electric raises Rs 100 Cr debt ahead of IPO IPO-bound Ola Electric raised Rs 100 crore ($12 million) in debt from Alteria Capital, following a $50 million debt funding from EvolutionX. The company issued 10,000 non-convertible debentures with a 13.8% interest rate. Valued at $5.4 billion, Ola Electric filed for an IPO to raise Rs 5,500 crore ($660 million). The company reported a seven-fold revenue increase to Rs 2,631 crore in FY23, despite rising losses. #Entrackr #News #StartupFunding #StartupNews #OlaElectric #IPOBound #FundingNews #DebtFunding #ElectricVehicles #EVMarket #IndiaStartups #InvestmentNews #InvestmentNews #EVGrowth https://entrackr.com/2024/06/exclusive-ola-electric-raises-rs-100-cr-debt-ahead-of-ipo/

The agricultural market for advisory services and trade AgroStar has secured $70 million in its Series D financing round led by Evolvence, Schroders Capital, Hero Enterprise, and CDC. The new round came after 33 months for AgroStar. #AgroStar #tigerglabal #businessnews #BusinessStartupNews #Entrackr #startupfundingindia #startupsnews #funding #fundingnews

Zomato invests $175 Mn cash in Magicpin, Curefit and Shiprocket https://entrackr.com/2021/11/zomato-invests-175-mn-cash-in-magicpin-curefit-and-shiprocket/ #Zomato #Magicpin #Shiprocket #Curefit #startupnews #FundingNews #Entrackr #Funding #valuation #StartupFundingNews #lateststartupnews #techstartupnews Foodtech major Zomato has made three important strategic investments worth $175 million collectively in Magicpin, Curefit and Shiprocket. Zomato will pour in $50 million for about 16% stake in Magicpin and rest in Shiprocket and Curefit.

PhonePe’s UPI market share rises to 46% in Oct; WhatsApp Pay’s struggle continues https://entrackr.com/2021/11/phonepes-upi-market-share-rises-to-46-in-oct-whatsapp-pays-struggle-continues/ #PhonePe #UPI #GooglePay #startupnews #FundingNews #Entrackr #Funding #valuation #StartupFundingNews #lateststartupnews #techstartupnews PhonePe continues to widen its lead in the (UPI) ecosystem. The company increased its market share in October whereas its rival Google Pay saw a minor dip in the last month. According to data released by the National Payments Corporation of India (NPCI), PhonePe has registered 1937.57 million transactions worth Rs 3,65,845.39 crore in October as compared to Google Pay’s 1451.93 million amounting to Rs 2,87,491.46 crore.

https://entrackr.com/2021/10/exclusive-unacademy-in-talks-to-acquire-swiflearn/ #ACQUISITION #SWIFLEARN #UNACADEMY #startupnews #FundingNews #Entrackr #Funding #valuation Unacademy is in late-stage talks to acquire Swiflearn in a deal worth $15-20 million. Swiflearn is founded by Abhinav Agarwal and Anand Bakode and is a full-stack online platform for academic courses which provides a personalised learning experience to students. It currently focuses on the K-10 segment and offers free and subscription-based classes.

https://entrackr.com/2021/10/byjus-raises-fresh-funds-at-18-bn-valuation/ #BYJUS #EDTECH #FINANCIALS #REVENUE #unacademy #startupnews #FundingNews #Entrackr #Funding #valuation Byju’s has raised a fresh tranche of Rs 2,200 crore or $296 million from more than half a dozen investors. The Bengaluru-based company had recently picked up $150 million as a part of a new and old round from a couple of investors.

https://entrackr.com/2021/10/meesho-will-never-venture-into-express-delivery-for-groceries-vidit-aatrey/ #FARMISO #MEESHO #VIDITAATREY #startupnews #FundingNews #Entrackr #news Even though 10-15 minutes deliveries are quite popular among top e-grocers, Meesho will never build for express deliveries with its grocery arm, Farmiso, since the customers of the company would not want it and would not be willing to pay an extra 15-20% because they want things in 10 minutes. They are happy to wait for a day.