Clensta
Sector Consumer Brand | FMCG Website www.clensta.com Location New Delhi Stage Growth
Venture Garage Mentored Innovator, Maxvolt Energy incubated in 2019, Secures $1.5mn Funding in Latest Private Placement Round, with an eye on an SME-IPO within FY 24-25 31st May 2024: Noida-based EV battery manufacturing startup Maxvolt Energy has successfully secured $1.5 million in a Private Placement …
VG Angels participates in INR 6cr Pre-Series A Investment Round of Centriti
New Delhi, May 23, 2024 – Venture Garage’s portfolio startup Centriti, has successfully secured INR 6Cr in its Pre-Series A round of funding from EV2 Ventures, Brigade Family Office, VG-Angels, and some other angel investors. This investment includes contributions from VG’s partner Pawan Raj Kumar, who leads the investments at VG-Angels has also been a mentor to the startup for the past years. With a target to disentangle the supply chain network, Centriti provides an end-to-end e-procurement solution for the HoReCa (Hotels, Restaurants and Catering) sector, managing inventory, quality, storage and pricing for the hotels.
Founded in 2022, by Daljeet Singh and Ashwath Ram, Centriti has achieved remarkable traction within just 20 months of its inception, boasting a prestigious clientele that includes Leela, Taj, Oberoi, Marriott, ITC, Shangri-La among others, by providing a comprehensive B2B SaaS e-procurement platform, empowered by AI-driven integrated inventory software.
“This investment is a testament to the hard work and dedication of our team, and it will enable us to revolutionize the procurement systems in the hospitality industry by providing innovative solutions to streamline processes and enhance efficiency. Within a short span of two years we have been able to create a significant impact in the geographies we are present in, with this support, we are poised to deliver unparalleled value to our partners and customers.”
-Daljeet Singh, Founder & CEO at Centriti
“Being deeply engaged in the tech landscape, I’ve observed the rapid advancements within the supply chain sector, and Centriti is at the forefront of this transformation. Supply chain innovations are crucial for enhancing efficiency, reducing costs, and increasing resilience across various industries. Looking ahead, the Indian supply chain market is poised for significant growth, with projections indicating it will expand from $2.3 billion in 2022 to $12 billion by 2030. This growth trajectory underscores the critical role companies like Centriti will play in revolutionizing India’s supply chain landscape, driving efficiency, and fostering economic growth.”
–Pawan Raj Kumar, Partner at Venture Garage
Centriti would use the funds primarily to expand its warehouses from 3 to 7 locations, with the main focus on expanding to 2,000 SKUs; including non-food and F&B essentials. Additionally, these funds will be invested in technology to leverage operational efficiencies.
Read more about Centriti here: https://venturegarage.in/centriti/
Sector Agritech | Drones | Aerospace | Defense Website www.fwdefence.com Location Bengaluru Stage Early
Sector Consumer Brand | Sports Website www.cricstudioinc.com Location Ahmedabad Stage Growth
We are an omnichannel toy brand focused on making premium toys accessible to the masses.
We leverage in-house manufacturing and a deep distribution network to offer high-quality toys at prices that resonate with middle-class and aspiring families.
Consumer Brand
www.jammbo.com
Delhi
Growth
India’s burgeoning toy market, ranked 2nd largest globally, is poised for explosive growth. Fueled by a large, youthful population (72% below 14 years), rising disposable income, and the rapid expansion of Tier 2, 3, and 4 cities, the market is projected to reach a staggering $4.4 billion by 2032 with a compelling CAGR of 10.6%.
Opportunity
Brings extensive experience from founding successful companies in education and ad-tech, scaling Buddy4Study to serve 4.5 million+ students and disbursing over $15 million in scholarships. Co-founded Piquic, bootstrapping it to $20 million with 300+ global clients including Amazon and Flipkart.
With over 30 years in toy manufacturing, including 7 years as VP of the Toy Association of India, he spearheaded BIS implementation for Toys with the Government of India. He advocates for a GST decrease in a few categories of toys from 18% to 12% and has manufactured for major brands like Hamleys and MeeMee. His leadership and industry involvement demonstrate deep sector insights and impactful contributions in bringing Indian toy industry from under developed to developing stage.
Chartered accountant and law graduate, Fellow member of The Institute of Chartered Accountants of India. Partner at Sanjeev Bhargava and Associates, with expertise in tax matters up to ITAT level and diverse industry experience ensuring sound financial management.
IIM Calcutta alumnus with a track record of serial entrepreneurship and scaling education platforms. Co-founded Buddy4Study, scaling it from zero to 4.5 million+ users, and Tweakskills. Board member of various companies, bringing insights into corporate strategy, governance, asset management, and value creation.
Venture Garage in their endeavor to take their profitable portfolio companies to an IPO, helps BharatRohan in securing $2 million+ in a private placement round with an eye on an SME-IPO withing FY24-25 09th May 2024: Gurugram-based agritech startup BharatRohan, specializing in drone-based hyperspectral remote …
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