Startup Funding

Vinyl-themed microbrewery 33&Brew raises funding from Optimistic Capital

Vinyl-themed microbrewery 33&Brew has raised Rs 20 crore or about $2.2 million in a Series A funding round led by Optimistic Capital. The funds will be used for construction and expansion. Founded last year by Karthik Chandrasekaran, 33&Brew is India’s first vinyl-themed microbrewery. The brand combines craft beer with a curated vinyl record collection based on the 33⅓ RPM format. Guests can select and play vinyl records, creating a personalised music experience along with their drinks. The outlet offers a progressive Indian menu with global influences and was conceptualised in collaboration with chef Sabyasachi Gorai. 33&Brew aims to stand out in the competitive brewery market of Bengaluru by bringing together craft brewing and analogue music culture. Optimistic Capital recently announced a Rs 200 crore beer-focused fund dedicated to the microbrewery sector. The fund has already deployed Rs 30 crore in its initial investments and plans to invest the remaining Rs 170 crore over the ...

Startup Funding

Wealthtech startup AssetPlus raises Rs 175 crore in funding from Nexus VP, existing investors

Wealthtech startup AssetPlus has raised Rs 175 crore, or about $19.3 million, in a new funding round led by Nexus Venture Partners. Existing investors Eight Roads Ventures and Rainmatter Fund also took part in the round. The Chennai-based startup said the fresh capital will be used to strengthen its technology platform and expand its product offerings. AssetPlus had earlier raised $12.9 million from investors including InCred Capital. Founded in 2016 by Vishranth Suresh and Awanish Raj, AssetPlus offers a digital platform for mutual fund distributors and investors. The platform helps users manage investments through digital workflows and technology-based tools. It includes features such as ONDC integration and AI-led advisory solutions. Over time, AssetPlus has expanded beyond mutual funds. The startup now offers insurance products such as term and health plans, along with fixed deposits and retirement-focused products. In the next six months, the company plans to launch portfolio m...

Startup Funding

Jaipur-based NBFC firm Namdev Finvest raises $37 million from domestic and global investors

Jaipur-based non-banking finance company (NBFC) Namdev Finvest Private Limited has raised $37 million, around Rs 324 crore, through a mix of listed non-convertible debentures and external commercial borrowings. The funding round saw participation from domestic and global investors including FMO, Impact Investment Exchange, Franklin Templeton AIF India and Symbiotics. FMO contributed $20 million, while Impact Investment Exchange invested $8 million through its Women’s Livelihood Bond 7. Franklin Templeton AIF India invested $2.3 million and Symbiotics invested $6.5 million. The firm said the funds will be used to expand its MSME lending business in underserved rural and semi-urban areas of India. Namdev Finvest focuses on micro, small and medium enterprises, women-led businesses, youth-driven ventures and emerging entrepreneurs to improve access to timely credit. In March 2025, Namdev Finvest also completed a $3 million top-up round from existing investor LC Nueva AIF and the promote...

Startup Funding

Human-first social networking platform Culture raises Rs 2 crore from Acuvest Infra

Culture, a human-first social networking platform built around shared interests and real-time conversations, has raised Rs 2 crore in a seed funding round from Acuvest Infra. The funding will be used to accelerate product development, expand community initiatives, and strengthen safety-focused platform infrastructure, the release notes. “Social media today rewards attention, not connection,” said Anurag Rangineni, Founder and CEO of Culture. “We are building Culture to solve that. The future of social networking lies in meaningful conversations built around shared interests, not follower counts or endless scrolling. Culture is designed to help people feel heard, not performed.” “Trust is the biggest deficit in today’s digital communities,” Rangineni added. The startup said that the latest capital will also support the rollout of creator-led ‘Spaces’, a feature that allows creators and community leaders to host live discussions, events, and hybrid online-offline experiences. Commenti...

Startup Funding

Why KV Toys is betting big on India’s toy revolution: CMD Karan Narang on the SME IPO

KV Toys India, a homegrown toy brand with roots in old Delhi, is set to launch its SME IPO. Chairman & Managing Director Karan Narang highlights the company's journey, competitive edge, and expansion plans. The IPO aims to fuel growth in working capital, product development, and credit support, positioning KV Toys to compete globally.

Startup Funding

Why Sharks chose Emori and walked away from True Diamond on Shark Tank India

Two lab-grown diamond jewellery brands, Emori and True Diamond, went head-to-head on Shark Tank India Season 5, but only one walked away with an investment. Founded by Arushi Jain, Emori positions itself as an affordable lab-grown diamond jewellery brand targeting millennials and Gen Z. Launched in September 2023, the brand offers jewellery in 18K and 14K gold, provides a lifetime warranty, and operates with an online-first approach, with 42% of its business coming digitally. Emori currently runs one physical store and is fully bootstrapped. During the pitch, Jain sought Rs 75 lakh for 1% equity, valuing Emori at Rs 75 crore. She highlighted an impressive inventory turnover of 10x and 12 percent repeat rate. The brand has over 600 ring designs, positioning it as one of the largest online ring catalogues in its segment. While Namita Thapar praised the packaging and designs, Aman Gupta criticised Emori’s brand storytelling, calling its website and Instagram presence “boring.” Despite ...