Month: February 2024

Hunyhuny

Hunyhuny

Sector Consumer Brand Website www.hunyhuny.com Location Gurugram Stage Growth

Metafin raises Funds

Metafin raises Funds

Venture Garage advises Metafin in securing $5 Million raise from Prime Venture Partners & Varanium Capital 12 February 2024, Gurugram: Metafin, a clean tech-focused non-banking finance company (NBFC), has successfully secured $5 million in a recent funding round. Prime Venture Partners and Varanium Capital led 

Metafin

Metafin

About Us

WITH A SINGULAR FOCUS ON CLEAN ENERGY LENDING; we are solving for energy access across Tier II+ India through financing, distribution, and clean energy expertise.

Our Core focus is on semi-urban & rural segments that are unserved and virtually uncontested segment. We make rooftop solar financing seamless offering turnkey solar financing for retail/C&I borrowers with in-built project quality safeguards, PRIMARILY REPLACING THE USE OF DIESEL.

Why rural diesel replacement is such a LARGE OPPORTUNITY. Decent quality and stepped-up power remain a distant dream for most Micro enterprises in agrarian states such as UP, Bihar, Jharkhand, and Odisha. Most micro-enterprises in rural areas of these states are using diesel as their main source of energy. Solar installations today are an incredibly attractive solution for the energy needs of these micro-enterprises in rural India. Estimated opportunity is over 9 GWs, and $6bn just in the 4 states mentioned above, however, availability of financing is the single most important hurdle for this market to take off. $98bn solar financing opportunity overall.

Opportunity

TEAM

Founder & CEO

Harvard B-School. 20+ years of rooftop solar & banking experience. CEO of Azure power’s distributed solar business & senior roles at PWC, EY, & HSBC.

Co-Founder

10+ years in fintech & investing. VP of growth at fintech startup 7+ years of PE/VC experience. Integrated Capital. DARBY Franklin Templeton. Cube Wealth.

Senior Advisor

Wharton. 30+ years of finance & sustainability experience. Goldman Sacs. UN environment Program. Shell Foundation. PEAK venture partners.

Ecoratings

Ecoratings

Sector Sustainability Website www.ratings.eco Location Delhi/NCR Stage Early

Shark Tank

Shark Tank

Venture Garage makes splash in Shark Tank: Given First Exit & First Guest Shark from its Portfolio Venture Garage makes a significant impact on Shark Tank, achieving a milestone with its first guest shark and Shark Tank’s inaugural exit both from its portfolio. The standout 

Ekarkhaana

Ekarkhaana

About Us

We supply Home Solution products & starting with kitchenware and cookware range. Our asset light, inventory light cloud factory model aggregates demand, curates manufacturing & provides customised supply solutions.

Our integration of digital manufacturing with low-cost supply and financial solutions effectively manages costs & drives scale and profitability. In our short history, we’ve successfully expanded our presence to four Indian states, redefining B2B commerce through innovation and forward-thinking solutions.

The global market for kitchenware category is estimated at US$ 65B in 2022 & expected to grow at CAGR of 4.4% to touch approx. USD 85B by 2030. Within this category “non stick” cookware & “other” cookware segments are expected to grow at a CAGR of 5% & 6.5% respectively to touch approx. USD 45B & USD 30B respectively by 2030. These numbers do not include the rest of the home portfolio, which makes the opportunity even more exciting! In India the Home & Kitchen market is estimated to be approx. USD 30B & the opportunity for eKarkhana lies both in India as well as Exports.

Opportunity

TEAM

Co-Founder & CEO

IIT Roorkee graduate and leadership programme from ISB, Hyderabad, he holds 25+ years of experience across, Manufacturing, supply and Ecommerce. Previously held leadership role at Udaan and Flipkart.

Co-Founder & CSO

Holds over 19 years of experience across manufacturing, Supplier Development and E-commerce.

Co-Founder & CBO

With over 23 years of experience in running global businesses across consumer goods, automotive, retail and telecom, and held positions at Pansonic, Harman, Philips and LG.