Startup Funding Alert: 25th September 2019

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Ketofy raises $250,000 in its pre-Series A round

Ketofy co-founder Aanan Khurma
Ketofy co-founder Aanan Khurma

Gurugram-based food-tech startup Ketofy has raised $250,000 in its pre-Series A funding from prominent investors including Alok Mittal, ex-MD, Canaan Partners; Rohit Chanana, Founder, Sarcha Advisory; and Tejinderpal Miglani, Co-founder, India Bulls. The startup plans to utilize the capital to grow the brand further as it continues with its efforts to raise Series A funds. Ketofy is a large pantry of ultra-low-carb, ultra-low glycemic food products created from all-natural ingredients that enable people to become fit and energetic.


Delhi-based Rivigo raises $4.9 million from South Korea’s KB Global Platform Fund

Rivigo co founder- Gazal Kalra
Rivigo co-founder- Gazal Kalra

Delhi-based logistics startup Rivigo has raised around $4.9 million from South Korea’s KB Global Platform Fund which seems like the company’s extension to the recent $65 million Series E funding round in July. The total funding raised by the firm until now is about $220.9 million. The startup was founded by Deepak Garg and Gazal Klara in 2014. The major investors of the firm include SAIF Partners and Warburg Pincus. The firm offers pan-India delivery services to ecommerce, automobile, pharmaceutical, cold-chain, and fast-moving consumer goods firms. Rivogo claims to own and operate over 2,100 trucks and covering more than 29,000 pin codes across the country.


Aavishkaar Group raises $37 million from Netherlands-based FMO Entrepreneurial Development Bank

Aavishkaar Group CEO and MD- Vineet Rai
Aavishkaar Group CEO and MD- Vineet Rai

Impact fund firm Aavishkaar Group has raised $37 million from Netherlands-based FMO Entrepreneurial Development Bank. Reports say that the investment is said to be a part of Aavishkaar Group’s plans to enter the African and Southeast Asian markets. Existing investors of the social enterprise focussed investment fund include Small Industries Development Bank of India (SIDBI), UK government-run development finance institution CDC Group, National Bank for Agriculture and Rural Development (NABARD) and Hero Enterprise Chairman Sunil Munjal. In November last year, the group was reportedly eyeing a $300 million fundraising for its Sout Asian-focussed fund to invest in places like Indonesia, Myanmar, Vietnam, and Laos.


Aquaculture Startup Aquaconnect raises $1.1 million from VC Omnivore

Aquaconnect Co-founder Somasundaram
Aquaconnect Co-founder Somasundaram

Chennai headquartered Aquaconnect has raised $1.1 million in a seed round from agritech focussed VC Omnivore and existing backer HATCH. As a part of the investment agreement, Omnivore’s Chennai office head Reihem Roy will be joining Aquaconnect’s board to promote the firm’s growth strategy. The aquaculture startup has built a big data and AI-enabled mobile app, FarmMOJO, to advise farmers on their pond operations based on constant monitoring of the pond and other captured data by IoT platforms. The firm plans to utilize the capital to manifest an image recognition feature in its app to amplify the speed of the data input process for the farmers.

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A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

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