Monday, July 22, 2024
Outlook India
Outlook Business

Venture Catalysts

Lucknow-based Knocksense operates on a subscription-driven commerce model, coupling carefully curated content feeds with exclusive privileges at local establishments.

Backed by Venture Catalysts and Neovon it is targeting investments in over 30 startups in the next three years

Venture Catalysts had first invested in Cusmat’s seed round in 2020 and took an exit in just three years with 60 per cent XIRR

Start-ups from 12 industries participated in the event

Japan’s Mynavi and edtech Coursera led the funding round

The funds raised will be used to enhance and expand Niro’s product offerings to consumers of leading internet platforms, as well as new customer segments

Having raised $2 million in pre-Series A funding led by White Whale Ventures and Rainmatter, the three-year-old indigenous brand, which specialises in low-calorie ice creams, aims to turn profitable this year

The fresh funds will be utilised to strengthen research and development and enterprise sales as well as to further enhance its presence in international markets

The company will utilise the proceeds of this investment round to develop products and technology. Additionally,it will hire experienced traders as strategists

According to Tracxn’s ‘Q3’22 India Quarterly Start-Up Report’ late-stage funding was impacted the most, with an 88 per cent decline from Q3 2021 and a 64 per cent drop from Q2 2022