Author: VG Admin

Saswat Finance raised Pre Series A

Saswat Finance raised Pre Series A

Venture Garage congratulates Saswat Finance on its $2.6M Pre-Series A raise Gurugram, 18th July 2025: We’re excited to see our portfolio company Saswat Finance mark a key milestone by raising $2.6 million in a Pre-Series A round led by Ankur Capital, with participation from Incubate 

Karman Drones

Karman Drones

Sector Drones | Defense Tech Website www.karmandrones.com Location Noida Stage Growth

Rench

Rench

About Us

At Rench, we are building an AI-powered infrastructure platform to automate and simplify the treasury, compliance, and wholesale lending workflows of Banks, NBFCs, and financial institutions. Today, there are 100s of software (LOS’, LMS’) to digitise retail lending products. However, the borrowings / treasury of lenders, which is worth $435 bn, 6000+ compliance line items, and entire wholesale lending monitoring across 2.5 cr. borrowers continue to remain highly manual, fragmented, and error-prone.

India has over ₹37 lakh crore ($435 Bn) in borrowing transactions annually, with an additional ₹10 lakh crore ($117 Bn) in payment flows and ₹3 lakh crore ($35 Bn) in investments. The compliance and treasury tech stack is ripe for disruption as financial institutions face increasing complexity, volume, and regulatory scrutiny. We estimate a ₹1,000 Cr ($120 Mn) software revenue opportunity with 80%+ gross margins, targeting 1,500+ large lenders in India and expanding to APAC and GCC regions.

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Opportunity

TEAM

Led by a team that has built and exited fintech startups like Paytail, Goldsetu, and Qbera—products that have been adopted by institutions such as ICICI Bank, Standard Chartered, DBS, and InCred.

CO-Founder 1

Co-founder of Paytail, ex-C2FO (ICICI, DBS, Standard Chartered), seasoned in enterprise sales..

CO- Founder 2

Co-founder of Goldsetu, Qbera (acquired by InCred), expert in SaaS GTM and B2B commerce.

CO-Foiunder 3

Ex- Microsoft, InMobi, Confluent – Tech leader with experience building enterprise-grade AI, big data, and streaming infrastructure across global adtech and fintech platforms

Ruskle

Ruskle

Sector FMCG | Consumer Brand Website www.ruskle.in Location Bengaluru Stage Early

Stardour

Stardour

Sector Spacetech Website www.stardour.com Location Hyderabad Stage Early

Varco

Varco

About Us

It is India’s first full-stack, tech-enabled care ecosystem dedicated to chronic lower limb health, targeting highly prevalent but underserved conditions like varicose veins, osteoarthritis, diabetic neuropathy, and musculoskeletal degeneration.

The platform uniquely combines biomarker-driven diagnostics, phytotherapy-based treatments, and digitally personalized care pathways—making it a category-defining player in the chronic pain and mobility care space.

TIndia is facing a silent epidemic of chronic pain and mobility disorders:

  • 1 in 3 Indians suffer from chronic pain or musculoskeletal dysfunction
  • Lower limb health accounts for 80% of mobility-related conditions
  • Indian chronic pain market projected to grow to $36B+ by 2032
  • Existing solutions are invasive, unaffordable, or ineffective long-term
  • Rural & Tier 2/3 markets have almost no access to specialist care

Varco is addressing this gap with affordable, non-invasive treatments that provide long-term relief through clinically validated phytotherapy, personalized AI care pathways, and blood-based biomarker tracking.

Opportunity

TEAM

CEO

15+ years in scaling B2C healthcare businesses.

CSO & Chief Inventor

PhD in Biochemistry, 20+ years in phyto research, lead inventor on 6 patents

Director of Medical Strategy

MBBS, MRCEM (UK); architecting scalable hybrid care pathways

Cleevo Raises Seed Round

Cleevo Raises Seed Round

Cleevo Secures $1 Million in Seed Round Led by Eternal Capital with Participation from VG-Angels New Delhi, May 30, 2025 – Venture Garage is proud to announce that its portfolio company Cleevo, a home hygiene startup focused on sustainable cleaning solutions, has successfully raised $1 

Hypergro

Hypergro

Sector Marketing Tech | AI Website www.hypergro.ai Location Bengaluru Stage Growth

Dusaan

Dusaan

About Us

Dusaan is revolutionizing home & living retail by curating a design-first, tech-enabled marketplace that offers a seamless shopping experience for furniture, decor, kitchenware, and small appliances.

By leveraging curation, quality control, and fast fulfillment, Dusaan eliminates inefficiencies in the fragmented home goods market, providing handpicked, high-quality products at scale. Unlike traditional e-commerce platforms that operate on open listings, Dusaan curates high-quality products, ensures stringent quality control, and enables faster fulfillment, solving inefficiencies in the highly fragmented home goods sector.

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TThe home & living industry in India is a $40B+ market with:
– $20B in furniture
-$10B in furnishings
-$5B in small appliances
-$3B in decor
-$2B in kitchenware
Despite strong demand, the market remains highly unorganized, with low brand loyalty, excessive open listings, and a 20%+ return rate due to poor quality control. Dusaan solves these challenges by offering a curated, high-trust platform for both established brands and emerging sellers.

Opportunity

TEAM

Founder

Previously a venture investor at Sequoia Capital where she partnered with companies such as Whole Truth Foods, Mosaic Wellness, Minimalist, Pristyn Care}. Prior to that, She was a consultant at McKinsey & Company India where she had a distinctive Rated and 1.5 yr fast-track to Associate. She is an SRCC alumnus.

Co-Founder

She has experience at a vertically integrated home appliances and steel manufacturing family business{Super LPG Appliances, supplier to HPCL, BPCL, Kaff, Faber}. She was previously a growth investor at Sequoia Capital India and worked with companies such as Wakefit, One Card. She has also spent time as a consultant at Kearney. Moulshree is a LSE (MSc Finance) graduate and SRCC alumnus.

Allter

Allter

Sector Consumer Brand Website www.letsallter.com Location Delhi Stage Early