Latest news with #InflectionPointVentures
Time of India
15-05-2025
- Business
- Time of India
Naptapgo secures INR 2 crore funding in Pre-Seed round, Hospitality News, ET HospitalityWorld
ET Hospitality 2 min read Naptapgo secures INR 2 crore funding in Pre-Seed round The funds from Inflection Point Ventures will be used for franchise development, marketing, technology upgrades, and enhancing central operations to drive growth and customer experience.
Time of India
08-05-2025
- Business
- Time of India
Alcobev startup Feline Spirits raises Rs 5.2 cr in pre-series A funding led by IPV
New Delhi: Feline Spirits , a craft alcoholic beverage startup, has raised Rs 5.2 crore in a pre-series A funding round led by Inflection Point Ventures (IPV), the company said in a press release on Thursday. The company said to utilize the capital to expand the company's product portfolio and facilitate entry into new markets. Also, the company plans to launch ' Nine Lives Premium Whisky ' to tap into the semi-premium segment. The startup has sold over 4.1 lakh bottles, generating more than Rs 25 crore in sales in FY25, it shared. Founded by Prabhat Sharma (CEO) and Rohit Saxena (COO), the company is currently operational in 10 markets. It holds licenses in eight markets, including five government-operated ones. "As we expand our footprint across the country and strengthen our partnerships, we're excited to lead a transformation in the way consumers engage with and enjoy craft alcohol," the company's CEO said.
Entrepreneur
08-05-2025
- Business
- Entrepreneur
Feline Spirits Raises ₹5.2 Cr in Pre-Series A Led by Inflection Point Ventures
Feline Spirits is currently operational across 8 states and union territories, with a diverse portfolio and having served more than 20 lakh customer base. The brand said it continues to expand strategically across both private and government-owned markets. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Feline Spirits, a homegrown craft alcoholic beverage startup, has raised INR 5.2 crore led by Inflection Point Ventures (IPV). The company said that the funds will be utilised towards fuel portfolio expansion and support the company's entry into new geographies. Ankur Mittal, Co-Founder- IPV, says, "India's alcohol market has long been split between low-quality mass products and overpriced international brands. Feline Spirits bridges this gap by offering premium, handcrafted liquor that's high in quality, thoughtfully designed, and reasonably priced. Feline is setting a new standard, where well-made, great-looking spirits are no longer a luxury, but the norm." Feline Spirits is currently operational across 8 states and union territories, with a diverse portfolio and having served more than 20 lakh customer base. The brand said it continues to expand strategically across both private and government-owned markets. According to the company, it recorded a monthly top-line of over 2 lakh bottles (10,303 cases) with revenue crossing INR 11 crore in GY23-24. In FY24–25, the company said it sold over 19,751 cases in FY23, generating a sales value of over INR 25 crore. "At Feline Spirits, our vision has always been to redefine India's alcohol industry by crafting high-quality, premium spirits. Our partnership with IPV has provided us with the right strategic backing to accelerate our expansion and establish Feline Spirits as a formidable player in the market. As we expand our footprint across the country and strengthen our partnerships, we're excited to lead a transformation in the way consumers engage with and enjoy craft alcohol," said Prabhat Sharma, CEO of Feline Spirits.
The Hindu
30-04-2025
- Business
- The Hindu
Chennai-based Vividobots raises ₹1.47 crore to develop robots for construction industry
Chennai-headquartered Vividobots, a robotic automation startup, has raised ₹1.47 crore in a seed round led by Inflection Point Ventures. The funds will be utilised to enhance product innovation and expand vertical-specific robotic deployments. Founded in 2021 by postgraduate engineers Dhinesh B. (Chief Executive Officer), Velmurugan B. (Chief Product Officer), and Kesavaraj S. (Chief Technology Officer), Vividobots was born out of a tragic incident involving a painter's fall. This moment of vulnerability inspired the trio to innovate for real-world impact. With backgrounds at Flipkart, Air Defence Agency, and TCS, respectively, the founders wanted to cater to the construction sector, which is booming. 'During our college days, an incident occurred wherein a painter slipped and fell from the first floor. It was a minor accident. However, this incident sparked an idea that became the foundation for our final-year project. Today, we've turned that idea into a thriving startup. We are developing robots specifically designed for exterior tasks, particularly for high-rise buildings. These robots can be used for painting and facade cleaning,' Mr. Dhinesh told The Hindu. 'We are also exploring plastering applications. Currently, we have a prototype, and this funding will be used to further develop the product,' he added. Mr. Dhinesh further said: 'We are targeting the construction sector, where our robots will help reduce both costs and construction time. Initially, we are looking at servicing model where we will rent out the robots.' The team has also filed for a patent for their product. Currently, the startup is operational in Chennai, with plans to scale into other metros where real estate growth and vertical maintenance are surging. The startup's robotic systems deliver up to 70% time savings, 50% cost reduction, and 15% lower material wastage. The Indian market for painting and cleaning services is estimated at $4.46 billion Serviceable Obtainable Market (SOM), with a total addressable market (TAM) of $178.7 billion. Globally, the SOM is $ 45 billion, with a projected TAM of $1.56 trillion, showing the immense opportunity for automation in this sector. According to Mr. Dhinesh, the startup had received small funding earlier from Entrepreneurship Development Innovation Institute-Tamil Nadu (EDII-TN) funded through Innovation voucher program (IVP)-A in 2020-2022 (₹2.5 lakh) and IVP-B 2023-2024 (₹5 lakh). It also got funding from Startup India Seed fund scheme (SISFS) funded through Sathyabama-TBI (₹15 lakh) and ₹10 lakh from Nidhi Seed Support Scheme (Nidhi-SSS). Vikram Ramasubramanian, Partner and CIO, Inflection Point Ventures, said, 'As real estate in India continues to boom, high-rise buildings are becoming increasingly common and so are the challenges that come with maintaining them. Vividobots is tackling this head-on with innovative robotic solutions that make exterior maintenance of the building safer and more efficient.' Inflection Point Ventures (IPV) is an angel investing platform with over 23,500 CXOs, HNIs, and professionals. The firm supports new-age entrepreneurs by providing them with monetary and experiential capital and connecting them with a diverse group of investors.
