#9unicorns

[klubwork]

Klub Set To Disburse Rs 200 Cr For Startup Financing This Festive Season

Bengaluru, Karnataka, July 17th 2024 – Klub, India's leading growth enablement platform, is gearing up to disburse Rs 200 crore this festive season, a significant increase from the Rs 100 crore allocated last year. In the previous festive season, Klub's funding aimed to boost sales on major e-commerce platforms such as Amazon, Flipkart, and Myntra. This year, Klub aims to double its efforts, recognizing the critical role of financial support in driving growth during the festive period.  

This substantial funding for start up businesses will further aid SMEs in maintaining inventory and pre-planning marketing efforts to meet the heightened demand during India's festive season. These funds will be directed towards D2C brands across over 45 sectors. This move is expected to provide a significant boost to these brands, enabling them to scale up operations and enhance their market presence  through effective startup financing.

In 2023, Klub’s investments spanned a diverse range of sectors including beauty and personal care, fashion and apparel, and cloud kitchens and restaurants. Notable brands that benefited from these startup funding initiatives included Monrow Shoes, BRB Chips, Berrylush, and Potful. These investments have enabled these brands to expand their product lines, enhance their marketing efforts, and improve their overall operational efficiency.

Headquartered in Bengaluru, Klub provides funding solutions up to Rs 30 crore in a single tranche. The company offers various capital structures tailored to the needs of each brand and founder, including term loans, credit lines, and revenue-based finance, without the constraints of traditional financing methods. This initiative is conducted in collaboration with leading NBFCs like U GRO Capital, ensuring that the funds are efficiently managed and effectively utilised. This innovative approach to funding has made Klub a preferred partner for businesses seeking to secure startup funding and achieve sustainable growth.

Market research indicates that festive sales growth is projected to be around 10-12%, with the e-commerce industry expected to reach $111 billion this year. This anticipated growth underscores the importance of timely financial support for businesses, particularly during peak seasons.

Founded in 2019 by Anurakt Jain and Ishita Verma, Klub is dedicated to providing flexible startup financing options, offering funds up to Rs 30 crore to digital businesses and SMEs with recurring revenue. By partnering with NBFCs, HNIs, financial institutions, and its own SEBI-registered fund, Klub delivers essential growth capital. The platform supports businesses at various stages—early, growth, and late—by providing finance for recurring marketing, inventory, and capital expenditures. Klub boasts an impressive track record, having facilitated over 1,700 investment rounds that have driven growth for more than 650 brands. In 2021, the company raised $20 million in a seed funding round from notable investors such as Peak XV’s growth program Surge, Alter Global, GMO Venture Partners, and 9Unicorns. This substantial funding has enabled Klub to expand its operations and enhance its service offerings, making it a key player in the startup finance ecosystem.

Klub's focus on funding for start up businesses ensures that companies can access the necessary capital to thrive. By offering various startup funding options, Klub continues to support the growth and development of digital businesses and SMEs, driving innovation and success in the competitive market.

[sayeedaqsa]

Investment of Rs.300 million raised by Health & Wellness travel platform, HealthTrip - #1 Health Travel & Tour Advisors | Medical Tourism in India.

Cross Border Healthcare start-up Health trip raises Rs. 250 million from Inflection Point Ventures, 9Unicorns, Wavemaker, Sanjeev Misra & Kunal Shah as part of Pre-Series A

Hospals connects thousands of patients from all over the world to the best hospitals, clinics & hotels in India, Turkey, UAE & Thailand, to avail the most suitable medical treatments and accommodation in their budget.

Hospals offers international health coverage to subscribers across Africa & Asia, enabling them to get cashless treatments in India & other countries.

The company has grown 6x in last 6 months as more international patients move to their high quality, tech driven experience, post covid

Jan 2022, Delhi: Hospals, a cross border health benefits & travel platform that enables international patients to access healthcare across India, UAE, Turkey & Thailand, announced part raise of its Pre-Serie A investment from Inflection Point Ventures, 9Unicorns, Singapore based Wavemaker and prominent angels like Kunal Shah and Razorpay founders. Existing investor Venture Catalysts has also participated in the current round.

The funds raised will be used for expanding geographically to reach $900 mn in GMV, serving 1.5 million subscribers& patients to get quality medical& cosmetic treatments across the world.

The start-up has already served over 22000 patients from 38 countries get medical advice, telec-onsults and surgical treatments across over a hundred hospitals in its network. Its health benefits membership, called Hospals Assured, enables subscribers from Africa/Asia to get unlimited doctor tele-consults and free surgical treatments upto $15,000 across Indian hospitals.

"Creating access to healthcare is the core mission at Hospals says Suneel Kapur, cofounder and Chief Business officer at Hospals." Our solutions combine advisory in surgical, travel and financial needs of patients across the world, including India, where 12 million patients travel each year to metro cities for better healthcare. All these patients need expert guidance to find the best surgeons and hospitals, among thousands of options. Over the coming years, we're creating a network of over 50,000 Hospals Health Consultants who will use our technology to guide and facilitate patients near them, with one stop solution” .

Vinay Bansal, Founder& CEO, Inflection Point Ventures says, “Healthcare expenses which include treatment costs and travelling expenditure can be daunting for a family. Hospals can ease of the stress as they connect you with the best doctors and surgeons in their respective disciplines. They also provide translation & residential assistance close to the hospitals. Hospals sits at the crossroads of healthtech and fintech, where it is helping patients avail treatment from the best medical professionals using technology. Healthcare as a market opportunity is booming and with growth in insuretech, we are very bullish on Hospals and healthcare in general.”

Dr. Apoorva Ranjan Sharma, Co-Founder of 9Unicorns and Venture Catalysts, said, “India is one of the largest and fastest growing market for medical tourism on the back of affordability and accessibility of high-quality healthcare treatments. Hospals has been at the centre of expanding this market. We at Venture Catalysts arehappy to have been its early backer and are now reinvesting in its growth story alongwith our commitments from 9Unicorns. Hospals has reinvented itself to cater to the rising demand from this sector by facilitating end to end services including providing medical loans to the patients. We are optimistic that Hospals would emerge as the most significant player in thecross-borderhealthcare segment.”

Hospals was founded by Danish Ahmed. Obaidullah and Suneel Kapur. Suneel had earlier worked as the Group Sales head for Fortis Hospitals and Chief Marketing Officer at Radiant Group, recently acquired by Max Healthcare. Through his career he was instrumental in serving over a million patients from 120 countries for cancer, transplants, cardiac and other diseases.

Hospals uses its proprietary recommendation engine to find the best surgeons& cosmetic clinics for patients depending on their location, treatment & budget. Its network of over 400 Hospals Health Consultants across 30 countries provides local counselling and support to ensure a seamless experience for the patient.

“Hospals started with a single vision to provide Universal Health Coverage. Through Hospals Assured, International Telehealth and our concierge travel services, Hospals is enabling people across Asia & Africa to access world class healthcare. We’re rapidly expanding our network of hospitals and collecting data points across the spectrum to help patients find the best surgeons and clinics across Asia. We’re solving problems in accommodation, remittances and medicine delivery across the border. We’ll soon launch fintech services like medical loans & crowdfunding to help patients finance their treatments beyond insurance coverage, so that each human has access to the best healthcare globally” says Danish Ahmed, who Co-Founded Hospals after quitting his role as Vice President at Paytm.

Danish had earlier founded http://Yebhi.com

 (sold to Flipkart) and Shopsity (acquired by Paytm) before launching Hospals. The company had raised 10 crores in earlier investments from Venture Catalysts, Spiral Ventures and Innoven.

Medical tourism is a $78 billion industry globally and was growing at 25% CAGR before covid brought international travel to a halt. With millions of patients waiting for surgeries since the past 2 years and thousands of medical travel companies shutting operations during Covid, Hospals is rapidly scaling its operations to service this backlog.

[guesthypebusinessfinance]

Venlo launches UPI-powered app for cross-border funds Fibe (beforehand EarlySalary) of Pune has partnered with Pristyn Care to supply medical expense mortgage of as much as ₹10 lakh for elective therapies on no-cost EMI underneath the CareNow PayLater proposition. (REPRESENTATIVE PHOTO) ^userSubscribed /userSubscribed ^userSubscribed /userSubscribed Pune-based Venlo, a neo-banking platform, has launched a UPI-powered app for cross-border cost. The app permits customers to share and spend of their respective currencies with out sustaining a number of accounts, wallets or cost apps internationally. It permits customers to have multi-currency financial institution accounts and spend domestically by means of UPI in India. “I imagine cross-border funds nonetheless should endure large disruptions. In at this time’s world of technology, making funds in another country ought to be seamless and fee free. There's a want for one world app that solves nearly all cross-border cost woes,” Kushal Prakash who based the Pune headquartered neo financial institution in 2021 and is backed by early-stage accelerator fund 9Unicorns. Fibe companions with Pristyn Care Fibe (beforehand EarlySalary) of Pune has partnered with Pristyn Care to supply medical expense mortgage of as much as ₹10 lakh for elective therapies on no-cost EMI underneath the CareNow PayLater proposition. The service can also be relevant to bills not lined by health insurance. The price of compensation of remedy ranges from 3 months to 2 years. ^userSubscribed /userSubscribed ^userSubscribed /userSubscribed Amol Maheshwari, chief distribution officer at Fibe, stated, “By means of this partnership, we want to empower each Indian who wants a well timed surgical intervention with out the concern of funds.” Harsimarbir Singh, co-Founder at Pristyn Care stated, “Our partnership with Fibe will strengthen our patient-centric choices and assist us present superior medical therapies to sufferers.” Sona Comstar inaugurates new plant in Chakan Sona BLW Precision Forgings Ltd. (Sona Comstar) inaugurated its second-largest manufacturing plant in Chakan, Pune. The brand new plant has a manufacturing capability of practically 11.8 million gears, which is predicted to achieve 20.1 million differential gears by the tip of FY25. The overall funding required for the plant is estimated at ₹231 crore. Unfold throughout 10 acres, the brand new plant manufactures driveline merchandise for EV and non-EV functions and serves prospects in India and globally. ^userSubscribed /userSubscribed ^userSubscribed /userSubscribed Sunjay Kapur, chairman, Sona Comstar stated, “With state-of-the-art technology, we're assured that this plant will set new benchmarks within the automotive business and mark India’s eminence in manufacturing on a worldwide platform. Sona Comstar began manufacturing of precision cast differential gears at its first plant in Bhosari in 2005.” Cattini Transmission to take a position ₹200 million setup manufacturing facility at Sanaswadi Cattini Transmission Holding with sister firm Cattini E Figlio has finalised its investments to ascertain a producing facility in Sanaswadi, Pune, introduced chairman Lorenzo Cattini. Cattini India might be investing over ₹200 million within the first part of the venture, anticipated to begin operations and manufacturing of agricultural, development and industrial automobiles by January 2024,” added Cattini. Thomas Mathew, Cattini India director, stated, “The brand new facility in India will generate employment alternatives and contribute to the event of the native financial system.” ^userSubscribed /userSubscribed ^userSubscribed /userSubscribed Good Glamm Group onboards ecommerce enabler GoKwik Good Glamm Group has partnered with eCommerce enabler GoKwik to develop cash-on-delivery (COD) serviceability pan India and minimise the danger of Return to Origin. GoKwik can even assist the startup develop its COD serviceability in tier three and 4 cities and distant cities of the nation.

“With the fast progress of eCommerce in India, we acknowledged the necessity to improve our on-line procuring expertise by offering dependable COD service and environment friendly RTO administration. Partnering with GoKwik has allowed us to just do that,” stated Manan Jain, group chief progress officer, the Good Glamm Group. https://guesthype.co.uk/?p=3139&feed_id=4321&cld=643a9c7868917

[don-lichterman]

Media-tech soars high as the sector records 212.9% rise in funding to $2.1 billion in 2021

Media-tech soars high as the sector records 212.9% rise in funding to $2.1 billion in 2021

As gaming, short-form video apps and digital video platforms clock a rise in both userbase as well as time spent, the media technology (media-tech) space gets renewed interest from investors. Funding in the media-tech sector recorded a 212.9% rise to $2.1 billion in CY2021 as compared to $671.1 million in CY2020, according to data provided by Tracxn Technologies. The sector has raised a total of…

[bharatlivenewsmedia]

9Unicorns announces fifth closure at $100 mn of maiden fund

9Unicorns announces fifth closure at $100 mn of maiden fund

9Unicorns announces fifth closure at $100 mn of maiden fund 9Unicorns, early-to-growth stage accelerator fund, has announced the fifth closure of its maiden fund at $100 million. The fund has so far invested in 110+ idea and product startups including a few growth stage / series C players like Vedantu, ShipRocket, ShopKirana.While the fund was launched in late 2020 with a total size of $50…

[inventivaindia]

Venture Catalysts' 9Unicorns closes its first fund at Rs 100 Cr

Venture Catalysts’ 9Unicorns closes its first fund at Rs 100 Cr

9Unicorns, the accelerator fund of Venture Catalysts, announced the close of its first fund at Rs 100 crore (or $14 million) on Tuesday. The fund will invest in over 100 early-stage startups, with the aim of writing the first external cheque for companies.

9Unicorns is targeting a total corpus of Rs 300 crore ($42 million), with the rest of corpus to be targeted from multiple sources including…

[ashutentaran]

Haldirams participated in the second close of Rs.100 crores of accelerator fund 9Unicorns. The fund is looking to raise Rs.500 crores in the next few months to invest in early-stage Indian startups.

[newsresults]

Venture Catalysts raises ₹100 crore for its accelerator fund

Venture Catalysts raises ₹100 crore for its accelerator fund

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NEW DELHI: 9Unicorns, the accelerator fund of Venture Catalysts (VCats), has raised ₹100 crore to be used to invest in over 100 early stage startups focusing on solving problems for India.

Built along the lines of Silicon Valley’s accelerator fund Y Combinator’s strategy of providing seed funding for early stage start-ups, 9Unicorns will provide funding of up to $100,000 for 5-7%…

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Startup Funding In the Times of COVID-19

#Startup #Funding In the Times of #COVID19

In an exclusive conversation with Dr. Apoorv Ranjan Sharma, Co-Founder & MD, 9Unicorns, trends in startup funding has been discussed specially in the times of COVID-19. Edited excerpts:

Can you elaborate on your journey from an Entrepreneur to Investor?

I was pursuing my PhD in Incubation & Diploma in Mentor Studies from Berkeley Institute of Management, University of California, when I became…

[znewstech]

Beams Fintech Fund invests in supply chain finance company, Progcap - Times of India

Beams Fintech Fund invests in supply chain finance company, Progcap – Times of India

Beams Fintech Fund has invested in the Series C round of supply chain finance company, Progcap. Along with Google, Creations, Tiger, and Sequoia, Beams has also contributed to this round. GrowX, CIBIL chairman MV Nair, and Freecharge co-founder Sandeep Tandon are additional investors in this company. Along with Beams, other investors in the round included ZNL Growth Fund and 9Unicorns. Supply…

[insperonjournal]

[juliastarfalls]

G.O.A.T Brand Labs raises $50 million led by Winter Capital and others

G.O.A.T is modelled around US-based Thrasio which acquires online sellers from Flipkart and Amazon who have shown early traction and helps them use G.O.A.T’s brand, technology and operational expertise.

Roll-up e-commerce startup G.O.A.T Brand Labs has raised $50 million in its Series A1 funding round led by Winter Capital, 9Unicorns, Venture Catalysts, Vivriti Capital and Oxyzo and participation from most of its existing investors, said the company on June 16.

The Tiger Global-backed company had last raised $36 million  in July of 2021.

The house of brands has so far acquired 15 direct-to-consumer (D2C) brands including The Label Life - A Celebrity-Styled Lifestyle Brand, Voylla (Fashion Jewelry), trueBrowns & Abhishti (Indian Wear), Frangipani (Children Wear), Neemli and Nutriglow (Beauty & Skin Care) and Pets brand Doggie Dabbas, Pepe Inner fashion.

Additionally, the company also said that it is in talks with 12 more brands.

Continue reading in BLOG.

[bharatlivenewsmedia]

Evenflow closes its pre-Series A round, raises $5 mn from Village Global, 9Unicorns, Shiprocket, others

Evenflow closes its pre-Series A round, raises $5 mn from Village Global, 9Unicorns, Shiprocket, others

Evenflow closes its pre-Series A round, raises $5 mn from Village Global, 9Unicorns, Shiprocket, others Even flow Brands (Evenflow), an e-commerce rollup, has announced the closure of its pre-Series A round of $5M. The startup partners with digital-first brands that sell on e-commerce marketplaces like Amazon, Flipkart, Meesho, JioMart & others, and helps to scale them profitably, it said.This…

[zeamex]

MarketWolf is a trading-first platform for new investors – TechCrunch

MarketWolf is a trading-first platform for new investors – TechCrunch

Live in India, Singapore-based MarketWolf has plans to introduce stock trading to first-time investors in more markets. The platform announced today it has raised $10 million in Series A funding led by Singaporean venture capital firm Jungle Ventures and Mumbai-based Dream Capital. Returning investors 9Unicorns, iSeed, Crescent and Riverwalk also participated. This brings MarketWolf’s total…

[isfeed]

MarketWolf is a trading-first platform for new investors

MarketWolf is a trading-first platform for new investors

Live in India, Singapore-based MarketWolf has plans to introduce stock trading to first-time investors in more markets. The platform announced today it has raised $10 million in Series A funding led by Singaporean venture capital firm Jungle Ventures and Mumbai-based Dream Capital. Returning investors 9Unicorns, iSeed, Crescent and Riverwalk also participated. This brings MarketWolf’s total…

[cdigitalss]

Goat Brand Labs raises $50 million

Goat Brand Labs raises $50 million

Goat Brand Labs team. Image Credits: Goat Goat Brand Labs has raised $50 million in fresh funding as the Indian direct-to-consumer brand aggregator looks to acquire more premium brands and help them scale globally. Winter Capital, Vivriti Capital, 9Unicorns, Venture Catalysts and Oxyzo financed the Bengaluru-headquartered startup’s Series A funding, which includes some capital that has been…