Agrizy, a B2B agri-processing platform, raised $9.8 million in a Series A round co-led by Accion and Omnivore, with new investors Capria Ventures and Thai Wah Ventures. The funds will expand services, develop advisory and financial offerings, and grow into new geographies. Founded in 2020, Agrizy facilitates agrifood procurement and provides end-to-end fulfillment services.
CURRYiT Raises Rs 4.5 Crore in Seed Round
Cooking paste brand CURRYiT secured Rs 4.5 crore in a seed round co-led by RK Family Trust, Tangent Advisors, and Freeflow Ventures. The funds will be used to scale operations, enhance marketing, and strengthen distribution channels. Founded in 2020, CURRYiT aims for significant growth in the ready-to-cook market.
Sauce VC Closes Third Fund at Rs 365 Crore
Sauce VC, a consumer-focused early-stage venture capital firm, closed its third fund at Rs 365 crore ($43.6 million). The oversubscribed fund attracted investments from prominent names like Infosys co-founder Kris Gopalakrishnan’s Pratithi Investments and Marico’s Harsh Mariwala. Sauce VC invests in new-age consumer brands and has funded 21 companies since 2019.
Mohalla Tech Expands Debt Round to $65M with EDBI Infusion
Mohalla Tech, parent of ShareChat and Moj, expanded its debt round to $65 million with an additional $16 million from Singapore-based EDBI. Earlier, it raised $49 million from existing investors. The funds will enhance their tech stack and consumer transactions. ShareChat laid off 5% of its workforce recently and faced a significant valuation drop to under $2 billion. The company spent Rs 4,000 crore to earn Rs 533 crore in FY23, recording a Rs 3,241 crore loss.
Neo Raises $26.5 Million in Series B Round
Wealth and asset management company Neo raised Rs 220 crore ($26.5 million) in a Series B round led by Crystal Investment. The round included contributions from Mufg Bank and investor Deepak Agarwal. Neo, valued at $231 million post-allotment, has raised $104 million to date, offering investment solutions to high-net-worth individuals.
Delhivery Turns Profitable in Q1 FY25
Logistics company Delhivery reported notable profits in Q1 FY25, with operating revenue rising 4.6% to Rs 2,172 crore from Rs 2,076 crore in Q4 FY24. The company’s total income reached Rs 2,282 crore, while cost management and scale growth helped it achieve a Rs 52 crore profit, reversing a Rs 68 crore loss in Q4 FY24.
Auxilo Reports Two-Fold Revenue Growth in FY24
Infibeam Avenues Reports 43% Profit Spike in Q1 FY25
Fintech firm Infibeam Avenues saw a 3.6% revenue increase to Rs 753 crore and a 43% profit spike to Rs 70 crore in Q1 FY25. The payment business contributed 93.6% of total revenue. Operating expenses remained flat, aiding profit growth. Infibeam also acquired a 54% stake in Rediff.com.