Entracker

Grest, a full stack tech enabled consumer electronics re-commerce player, has secured Rs 16 crore in its latest funding round, with Equentis emerging as the largest contributor by investing Rs 7 crore. The round, which also saw participation from The Chennai Angels, Lead Invest and India Accelerator, comprised a mix of both equity and debt.

The fresh capital will be used to expand its retail presence beyond the current 60 plus stores, upgrade its 20,000 sq. ft. in-house refurbishment lab, strengthen its e-commerce and B2B platforms, and enhance the…

Purple Style Labs (PSL), the parent company of luxury fashion platform Pernia’s Pop-Up Shop, has filed DRHP with SEBI to raise Rs 660 crore through IPO. Its financial statement shows the company’s losses widened sharply, largely driven by Rs 123 crore of ESOP-related expenses.

Purple Style Labs’ operating revenue contracted 2.8% to Rs 490 crore in FY25 from Rs 504 crore in FY24, according to its restated consolidated financial statement included in the draft red herring prospectus (DRHP).

 The company generates revenue from the sale of products…

An increasing number of Indian startup founders are giving up over 40% equity till their Series A rounds, prioritizing growth capital over long-term ownership. These sizeable fundraises fuel rapid expansion but also dilute founders’ control, often curbing their influence in shaping the company’s future.

According to startup data intelligence platform TheKredible, founders of around 10 early-stage startups have diluted more than 40% stake in their recent fundraises. The list includes Dale Vaz’s stock trading app Sahi, fintech firm DPDzero,…

SaaS-based healthcare platform Zealthix has raised $1.1 million in a seed funding round led by Unicorn India Ventures, along with participation from AlphaGen Venture Capital. The startup had raised $250k in an angel funding round in early 2024.

The proceeds will be used for expansion, revenue growth, and investment in technology, Zealthix said in a press release.

Co-founded in 2023 by Abhishek Kumar and Avinash Gupta, Zealthix is a comprehensive SaaS-based healthcare company for payers/insurers to offer OPD/comprehensive healthcare plans to their…

Human resources technology platform All Things People (ATP) has raised Rs 7 crore in a seed funding round from Honasa’s founder & CEO Varun Alagh, Amit Dalmia, Alex von Behr, Vivek Gambhir, and Amit Sinha.

The proceeds will be used to expand and enhance its first product offering, atp|reflect, strengthening its capabilities in continuous employee listening, advanced analytics, actionable insights, secure technological infrastructure, and expanding marketing reach and sales efforts, ATP said in a press release.

Co-founded in 2024 by Anish Singh,…

New Delhi-based cleantech startup Chakr Innovation has raised $23 million (Rs 193.5 crore) in its Series C round led by Iron Pillar. The round also saw participation from existing investors including SBI Cap Ventures, ONGC, IAN, and Inflexor.

The fresh capital will be deployed to expand manufacturing capacity, drive international growth, and strengthen backward integration. A significant portion will also go into R&D investments, particularly in indigenous energy storage technologies aimed at reducing India’s reliance on lithium-ion batteries.

Stock trading platform Dhan has announced the appointment of Ketan Shah as Chief Executive Officer (CEO) of Omni Channel Business.

Shah brings over 25 years of rich experience in the stock broking industry, covering business, technology, distribution, revenue, and strategy. He joins Dhan’s leadership team to build and scale its omni-channel business and distribution of investing and trading products and other financial services.

Before joining Dhan, Shah was a key contributor at Angel One (formerly Angel Broking) for over 25 years. He was involved in…