Funding news
Haldèn secures Rs 5 Cr in seed funding
Mumbai-based luxury men’s brand, Haldèn has secured Rs 5 crore in a seed funding round led by Prajay Advisors.
Anuj Beriwal and Mukund Singhal, co-founders, Haldèn
The company, founded in 2019 by cousins Anuj Beriwal and Mukund Singhal, plans to use the funds to enhance its brand presence and expand its product line.
“The fundraising will be strategically used to expand Haldèn’s offline presence too. The goal is to enhance brand visibility, increase sales, and penetrate new online and retail markets,” said Mukund Singhal, Co-founder and Director of Haldèn.
The company aims to “make luxury products accessible to a wider audience while maintaining the quality and affordability that our customers expect,” said Anuj Beriwal, Co-founder and Director of Haldèn.
Haldèn previously operated as a bootstrapped company until FY24, the company said.
Infinyte.Club raises $3.6M in seed funding
Infinyte.Club has secured a seed round of $3.6 million led by Elevation Capital. The company is supported by 40 super angels, including Kunal Shah, Vidit Aatrey, Gaurav Munjal, Sanket Shah, Varun Dua, Anjana Reddy, Ashwini Asokan, Tanmay Bhat, Harshil Mathur, Shashank Kumar, and others.
Infinyte.Club has also stepped out of beta mode. The product has opened access to a range of private investment opportunities and addresses the issue of ESOP (Employee Stock Ownership Plan) liquidity, it said in a statement.
Ankita Tandon and Joylita Saldanha, co-founders, Infinyte.Club
“In the next 3-5 years, we aim to establish a comprehensive ecosystem that not only facilitates the realisation of equity value but also provides cutting-edge financial tools and exclusive investment opportunities,” said Ankita Tandon and Joylita Saldanha, co-founders of Infinyte.Club.
The company, launched in 2023 by Ankita Tandon and Joylita Saldanha, is a product designed for wealth creation and management for top Indian tech and startup employees, and operator-investors including early employees of leading Indian startups with significant ESOP holdings.
Ziptrrip raises Rs 2 Cr in pre-seed funding
AI-driven travel tech SaaS startup Ziptrrip has secured Rs 2 crore from angel investors and industry leaders, including Anil K Jha (ex-Coal India Chairman and ex-Jindal Power Ltd Chairman and Board of director), and Prantik Dasgupta (Country Head – Coeclerici and a seasoned angel investor).
Ziptrrip Founding Team
The company plans to allocate the funds to fuel its market expansion plans, enhance team-building efforts and drive continuous product innovation.
“The investment will serve as a catalyst, enabling us to accelerate our growth trajectory, further enhance our AI capabilities, and continue delivering unparalleled value to our corporate clients,” said Shan Prabhakaran, Co-founder and CEO of Ziptrrip.
The platform enables corporations to automate travel bookings, streamline approval
process, and implement dynamic travel policies using algorithms.
HealthCRED secures $1.2M seed dunding
HealthCRED has raised $1.2 million in a seed funding round led by Antler India, TRTL VC, DeVC, iSeedVC, and Angel List India.
It also saw participation from angel investors including Dr Subho Ray (President, IAMAI), Nitin Gupta (CEO, Uni Cards), Amit Lakhotia (CEO, ParkPlus), and founders of InsuranceDekho and SEA-based Docquity.
Founders Shrey Jain and Arpit Jangir, with team HealthCRED
The company plans to use the funds to enhance customer relationships and expand operations to the southern and western parts of the country, hire fresh talents, and develop state-of-the-art B2B loan onboarding and loan management systems, creating an end-to-end digitised B2B healthcare lending framework, the company said in a statement.
“With the rapid penetration of health insurance in the post-COVID-19 scenario, there has been an increased working capital management stress for hospitals and HSPs. The key factor is the delay associated with the realisation of insurance receivables. Our aim is to work towards stabilising their cash flow cycles, through early financing of these delayed receivables,” said Shrey Jain, Co-founder and CEO, HealthCRED.
Founded in 2022 by Jain and Arpit Jangir, the company provides swift, comprehensive, and adaptable financing solutions tailored for the healthcare sector.
(This article will be updated with the latest news throughout the day.)
