Gurugram-based online kidswear startup Includ has raised $1.5 Mn (around INR 12.5 Cr) as a part of its seed funding round led by Incubate Fund Asia.
The round also saw participation from Escape Velocity, Abhishek Goyal (cofounder, Tracxn) and IIM Indore Alumni Angel Fund.
Includ will use the fresh funds to improve its supply chain, build in-house technology and create brand awareness. Besides, the proceeds will also be deployed for marketing and brand strategies.
Founded in 2023 by Ashwin Rastogi, Includ is a kidswear brand for children aged 0 to 14 years old which claims to offer comfortable and stylish clothing options.
The startup plans to double down its bet on technology to vertically integrate with its suppliers, build a robust and efficient supply chain and focus on developing its front-end platform and mobile application.
Online seafood firm Captain Fresh has acquired CenSea Inc, a US-based frozen fish and seafood importer and distributor, the former’s founder and chief executive Utham Gowda told ET.
Gowda did not disclose the deal value, but said that his firm was fully acquiring CenSea in a cash-and-stock deal, with 90% of the consideration paid in cash. CenSea, which has a pan-US presence, will become the “mainstay” of Captain Fresh’s US business, he added.
Yulu, the leading micro-mobility service provider, has successfully raised $19 million in a funding round led by automotive giants Magna and Bajaj Auto. This substantial investment marks a significant milestone in Yulu’s journey, enabling the company to accelerate its ambitious expansion plans and introduce a new range of innovative products. With a strong focus on sustainability and efficiency, Yulu aims to enhance urban mobility by providing eco-friendly and affordable transportation solutions.
Online seafood firm Captain Fresh has raised $25 million in a funding round led by UK government-backed British International Investment (BII) and Andhra Pradesh-based Nekkanti Seafoods Group.
BuyEazzy, an e-commerce platform for beauty products focusing Bharat, has raised $4.25 million in Series A funding round led by Info Edge Ventures with participation from existing investors Incubate Fund Asia and M Venture Partners, the company told ETRetail.
Hope you have enjoyed a great holiday season with your loved ones. Thank you very much for everyone supported us and journeyed together with us in 2023.
Like many other people in the startup ecosystem, 2023 was a year of “re” for Incubate Fund Asia and its portfolio startups. We rebranded ourselves from Incubate Fund India to Incubate Fund Asia and recruited new members. We have restarted organising some offline events. Many of our portfolio startups recovered from the pandemic loss, restarted its strong top-line growth, and reached EBITDA profitability. Some regulation changes, such as in fin-tech space, impacted our portfolio startups but they recognised those changes as opportunities and regained market shares. We have realised some good returns to our LPs as well.
Incubate Fund Asia, a sector-agnostic and Japan-origin venture capital firm, on Wednesday announced the first close of its third fund, which has a target corpus of $50 million (Rs 416 crore).
Global Fintech Fest has become the largest fintech community & event in India. Excited to see Plum getting recognized as the best Insurtech company, for creating value and innovation 🚀.
This award goes to my 300+ colleagues who have worked really hard to build Plum, to our 3000+ customers who have trusted Plum with the health of their employees, and to all our insurance partners for joining our mission 🙏
Captain Fresh, a business-to-business fish and seafood company, on Tuesday said it has raised $20 million in an extended Series C round, led by Japan-based SBI Investment and Evolvence Capital.
SBI Investment is the latest to invest in the Bengaluru-based startup. SBI Investment is the venture capital arm of SBI Holdings, a Japanese internet-based financial conglomerate.
