Atreya
Sector HealthTech Website www.atreyainnovations.com Location Pune Stage Early
Author: VG Admin
Maxvolt Fund Raise
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 round of funding from VG-Angels and prominent Pre-IPO investors through Venture Garage.
Founded by Satendra Shukla, Vishal Gupta and Bhuvneshwar Pal Singh Maxvolt provides batteries for e-cycles, e-scooters, and e-rickshaws, alongside lithium battery energy solutions. The company offers a 100% buyback and a 3-year replacement warranty on its batteries at no extra cost.
“I’m excited to share that our team is crafting a fast-charging solution set to revolutionize our customers’ charging experiences. Currently in the prototype development phase, we’re aiming to unveil the final product in stages by the end of 2024 after rigorous R&D. In the initial phase, we’re focused on reducing charging times to 2 hours, with plans to further slash it to just 1 hour in subsequent phases”.
–Satendra Shukla, Co-Founder and CBO, Maxvolt
“It’s an electrifying time for us as investor interest surges, coinciding with the scorching pace of EV adoption across India. In FY2024, we witnessed a remarkable 41% surge in sales across various vehicle types within the Indian EV sector. Looking ahead to FY2025, an even more impressive 66% growth trajectory is anticipated. The momentum is thrilling, and we’re thrilled to be at the forefront of this transformative wave in mobility”.
–Vivek Kumar, Co-founder & CEO, Venture Garage
With the newly secured capital, Maxvolt is strategically directing its focus towards the development and imminent introduction of fast-charging lithium-ion batteries. This significant allocation of resources underscores the company’s commitment to pioneering innovation in the electric mobility sector. Positioned at the forefront of technological advancement, Maxvolt is poised to redefine industry benchmarks and enhance the overall customer experience in the realm of electric vehicles.
To know more about Maxvolt, visit: https://venturegarage.in//maxvolt-energy/
Centriti Raises Pre-Series A
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 …
Cricstudio
Sector Consumer Brand | Sports Website www.cricstudioinc.com Location Ahmedabad Stage Growth
Jammbo
About Us
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.
Sector
Consumer Brand
Website
www.jammbo.com
Location
Delhi
Stage
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
TEAM
Co-Founder & CEO
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.
Co-Founder & CPO
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.
CO-Founder & CFO
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.
CO-Founder & CMO
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.
Bharat Rohan Raises Funds
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 …
Venture Garage-Startup Connect
At Venture Garage we work with companies that have strong fundamentals to build the fund raise journey to at least a $100Mil valuation OR a SME/Main Board IPO. In this edition, we invite you to join us on a reflective journey, celebrating the successes that have defined our commitment to collaborate with visionary investors and promising founders.
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Dr Safehands
Sector Healthtech | Wellness Website www.drsafehands.com Location Delhi Stage Early Revenue