Page 25 - Startup

Luxury catering firm Foodlink raises $8 mn from Plutus Wealth Mgmt, others

Foodlink, a luxury catering company, on Thursday said it has raised USD 8 million (Rs 59.34 crore) in funding led by Plutus Wealth Management. The Series-B funding round also witnessed the participation of Arpit Khandelwal, Managing Partner, Plutus Wealth Management LLP, Foodlink said in a statement. The Mumbai-based company will use these funds to expand its flagship business of luxury catering across newer geographies in India and overseas to take its luxury banquet brand called JADE Luxury Banquets to more cities. The funding will be used to scale their casual dining restaurant business through its brands, India Bistro, China Bistro & Art of Dum. The company has so far raised USD 23 million, including the current round. It received USD 15 million as part of its Series-A round from OAKS Asset Management in 2017. "We are delighted to have Plutus on board and backing us for this next exciting phase of the Foodlink journey along with OAKS Asset Management, who has been a valuable .

How do dark stores help deliver groceries within 30 minutes?

Indian tech startups are racing towards quick-commerce that targets ambitious buyers in big cities. What is fuelling this need for speed among online grocery startups? Let us understand in this report

Trifecta looking to co-lend to tech startups with banks: Rahul Khanna

In a Q&A, the managing partner of the venture debt firm dwells on the returns generated by the company's earlier funds, among other things

Velocity raises $20 mn in funding round led by Peter Thiel's Valar Ventures

The fintech firm plans to deploy over Rs 1000 crore in India's e-commerce brands

Thrasio model businesses not suitable to India: GlobalBees CEO

In the next three years, the roll-up company is looking to be an umbrella organisation of 100 brands with revenues touching one billion dollars

Flipkart Ventures, Tiger Global-backed G.O.A.T Brand Labs in 11 D2C tie-ups

G.O.A.T Brand Labs, which started a few months back, acquires and scales D2C brands. The current acquisitions are in fashion, beauty-skin care, pets and home-kitchen

Kitchenware brand Wonderchef raises $20 mn from Sixth Sense Ventures

Over the past three years, the company has been developing Wonderchef into a digital-first brand

Tata Steel chooses startup AUS for drone-based solutions across verticals

AUS will use drones to survey Tata Steel mining sites, verify bulk inventory at all 23 locations across multiple Tata Steel entities, monitor progress at Kalinganagar complex

D2C home solutions startup Wakefit raises $28 mn at a valuation of $380 mn

The startup is on track to achieve sales of Rs 700 crore in FY22 despite being impacted by second wave of Covid

Capital A makes first investment in SaaS startup from $25 mn venture fund

The fund plans to invest in 8-10 companies on a yearly basis, with a ticket size of $50,000-500,000

Baby products firm Cradlewise raises $7mn in seed round led by Footwork

The round also had significant participation from CRV and follow-on from existing investors SOSV and Better Capital

Exotel raises $35 mn to expand its cloud customer engagement platform

The customer engagement company is looking to hit an annual recurring revenue of $200 mn over next 5 years and plans to increase its headcount by 200 over next 12 months

magicpin raises $60 million in Series D round led by Zomato

The app currently serves 6 million active users with nearly 25 sessions per user per month, and provides savings on nearly 170,000 merchants across big brands and local retailers

Amid competition, DoorDash buys Finnish delivery app Wolt in $8-bn deal

DoorDash's shares soared 24% in extended trading in New York after news of the deal and third-quarter results that beat analysts' estimates.

Beauty startup Nykaa surges to near $13-bn valuation in stock market debut

BENGALURU (Reuters) - Shares of cosmetics-to-fashion platform Nykaa made a blockbuster opening on Wednesday, valuing the Indian company at near $13 billion, in the latest startup listing after food delivery firm Zomato's stellar debut in July.

On track to report Rs 1,000 cr revenue, says agro startup WayCool Foods CEO

WayCool Foods and Products Pvt Ltd is 'on track' to report Rs 1,000 crore top line during the current financial year, nearly tripling its revenues registered last year, official said.

Bounce eyes $100mn investment in e-scooter mfg, battery swapping infra

Bounce is making investment of about $100 mn in next 12 months across manufacturing of e-scooters, expanding battery swapping infrastructure, its co-founder and CEO Vivekananda Hallekere

Google's parent company launches AI-driven drug discovery start-up

Google's parent company Alphabet has launched a new company that aims to use artificial intelligence for drug discovery,

Faze Technologies raises $17.4 mn in seed round led by Tiger Global

Coatue, Sequoia Capital India, Samsung Next among other participants

Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue

Primary issue will be of Rs 5,000 crore, which the company will raise via public issue; OFS by existing investors will be Rs 2,460 crore