Latest news with #IndianCities
Entrepreneur
24-05-2025
- Business
- Entrepreneur
Agri-Commerce Startup Kisaan Se Kitchen Tak Raises $1.3 Million to Fuel National Expansion
Founded by Santosh Srivastava and Ishaan Hukku, KSKT operates a farm-to-fork supply chain platform that directly connects over 5,000 farmers with a customer base of more than 32,000 across both B2B and B2C segments You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Kisaan Se Kitchen Tak (KSKT), a fast-growing agri-commerce startup, has secured $1.3 million in a funding round led by Keiretsu Forum and Favcy's 1stCheque Angel Network. The round comprises both equity and debt, and is expected to power the company's next phase of growth, including a major expansion into more than 20 Indian cities. Founded by Santosh Srivastava and Ishaan Hukku, KSKT operates a farm-to-fork supply chain platform that directly connects over 5,000 farmers with a customer base of more than 32,000 across both B2B and B2C segments. The company aims to onboard over 50,000 farmers in the coming phases and enhance its operational backbone using AI-driven demand forecasting tools to optimize supply, reduce waste, and respond swiftly to market shifts. According to data shared by the company, KSKT reported revenue of INR 14.5 crore for FY25, reflecting a fourfold year-on-year growth. The founders have set an ambitious target of reaching INR 100 crore in annual recurring revenue within the next three years, leveraging data, logistics, and an expanding network of farmers and urban consumers. "Our model is built to reduce friction in the agricultural supply chain while ensuring consistent quality and price transparency," said co-founder Santosh Srivastava, highlighting the company's operational efficiency. KSKT claims a 68 per cent repeat customer usage rate and minimal wastage of just 3 per cent, which it attributes to its tight-knit logistics and real-time tracking systems. The startup is a part of Favcy's 1to10 Accelerator program, which backs high-growth potential startups from India's tier II and tier III cities. KSKT was selected for its early traction, revenue performance, and scalable model. The accelerator is currently accepting applications for its Summer 2025 Cohort, further extending opportunities for regional entrepreneurs looking to scale. The capital infusion will not only support city-wise expansion and deeper market penetration but also go into fortifying KSKT's tech infrastructure, enhancing its predictive analytics and platform capabilities to manage supply chain complexities as volumes increase.
Reuters
12-05-2025
- Business
- Reuters
Policybazaar parent PB Fintech's new India hospital venture raises $218 million
May 8 (Reuters) - Policybazaar owner PB Fintech ( opens new tab said on Thursday its new healthcare venture has raised $218 million in a seed round, marking its entry into India's fast-growing healthcare industry. The venture, PB Health, will use the funds to set up four to five hospitals in and around New Delhi by 2027, with a long-term plan to build a 25–30 hospital network across 10 Indian cities, PB Fintech chairman Yashish Dahiya told Reuters in an interview. The fund raise includes $50 million from Silicon Valley-based General Catalyst, which last year led a $340 million round in Mumbai-based quick commerce startup Zepto and is a backer in Indian startups Cred and Spinny. Policybazaar is India's largest insurance aggregator, selling health, life, and motor coverage on behalf of insurers. 'Providing quality affordable healthcare in India is a complex challenge. We believe one way to tackle this issue is through the world of insurance,' Dahiya said. PB Fintech's initial investment of about $62 million will give it a 26% stake in PB Health, Dahiya said, without naming other shareholders. Private investment in Indian healthcare has surged in recent years, with the sector drawing 84 PE/VC deals worth $3.2 billion in 2024 and 62 deals totalling $5 billion in 2023, according to a report by EY and IVCA. "We believe India has a unique opportunity to leapfrog legacy models and build a resilient, inclusive health assurance system," Neeraj Arora, MD of General Catalyst said in a statement. The investment comes just a year after General Catalyst expanded in India by merging, opens new tab with local venture firm Venture Highway and earmarking $500 million to $1 billion for fresh investments in the country.
Entrepreneur
09-05-2025
- Business
- Entrepreneur
Footprints Preschool & Daycare Raises USD 7.5 Mn Series A from Tanglin
The funds will fuel the launch of new centres, enhance smart surveillance systems, scale AI-driven learning platforms, and improve digital engagement with parents. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Early childhood education and daycare brand Footprints Preschool & Daycare has raised USD 7.5 million in Series A funding from Tanglin Venture Partners. The funds will fuel the launch of new centres, enhance smart surveillance systems, scale AI-driven learning platforms, and improve digital engagement with parents. The company said this capital infusion will support its mission to empower more families with high-quality, innovation-led early education. "Our focus has always been on creating safe, nurturing, and stimulating environments where every child's potential is recognized and developed," said Raj Singhal, Co-founder and CEO of Footprints. "With the support of Tanglin Venture Partners, we are now positioned to deepen our impact and bring our model to even more families across the country." Founded after 2009 by Purvesh Sharma, Raj Singhal, and Ashish Aggarwal, Footprints offers preschool programs and full-day daycare services, integrating personalised care with technology to deliver a holistic early learning experience. Currently operating over 175 centres across 25+ Indian cities, the company has carved a niche for itself with its tech-enabled, child-first approach. Footprints emphasises transparent communication with parents, smart classrooms, and a secure environment supported by real-time surveillance. "Footprints stands out for its child-first philosophy, high standards of transparency, and scalable, tech-enabled operations," said Sankalp Gupta, Partner at Tanglin Venture Partners. "Their innovative hybrid model makes them uniquely positioned to lead the evolution of early childhood education in India." With this round, Footprints is set to scale its reach and continue redefining early education in the country.
