202424 Apr

Startup news and updates: Daily roundup (April 24, 2024)

Summary

Soleos Solar Energy has always been on a growth path by incorporating the latest technologies, innovation, and training," said Bhavesh Rathod, Founder and Director of Soleos Solar Energy.Karnataka snacks maker Adukale said it has raised Rs 11 crore in a pre-Series A funding round led by Force Ventures.Other investors such as Aanya Ventures, Subrata Mitra, and Radhika Pandit also participated in the fundraise.The company will use the fund to scale its existing outlets, expand its distribution network, and invest further in manufacturing and R&D for future products.Adukale offers over 75 varieties of products created the traditional way. "Planes open-core model, strong community engagement, and first-principles approach to project management deeply impressed us," said Joseph Jacks, Founder at OSS Capital.Smart appliances startup KARBAN has raised $1.07 million in a seed round from All In Capital, Tital Capital, and Rainmatter.Urban Company, JK Family Office, CREDs Kunal Shah, and Anupam Mittal also participated in the round.The startup plans to use the funds to fuel growth, hire people, and develop products. "We are impressed with Dhruvs vision and sharp execution with intense clarity in introducing and building Bubble Tea based Korean cuisine food brand in India, starting with Bengaluru and now expanding to Delhi-NCR and other cities," said Bipan Shah, Partner at Titan Capital. "We want to make India the toy capital of the world by 2030, we aim to elevate Indias status in the global toy market but also inspire a new generation of creators, dreamers, and innovators," said Vipin Nijhawan, Co-founder and CPO of Jammbo.Lendingkart names ex-Paytm Payments Bank CFO as its new CXOLendingkart has appointed Mukund Barsagade as its group chief financial officer.Barsagade previously worked at Paytm Payments Bank where he was CFO.At Lendingkart, he will lead the finance, capital markets, legal and secretarial functions. "Vernacular language speakers account for approximately 75% of Indias Internet user base underscoring the need to bridge the linguistic barriers that come with discovering and engaging with apps," the company said in a press release.

Source: Yourstory

Funding

$3.18M
Amount
Apr 24 2024
Date
-
Investor
Soleos
Company

Classifications

Companies