Latest news with #PedalStart
Entrepreneur
4 days ago
- Business
- Entrepreneur
PedalStart Concludes 8th Start-up Sprint
Over the past few months, Shoegr, InsightAI, Nuvie and Flowwat have emerged as some of the notable startups coming out from PedalStart Start-up Sprint. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The Indian start-up ecosystem has witnessed a significant boost with the conclusion of the 8th edition of Start-up Sprint, the flagship acceleration program by PedalStart. Hosted recently in Bengaluru, this initiative continues to make a mark by supporting over 65 early-stage founders across the country and facilitating more than USD 1.5 million in collective funding across selected start-ups. Since its launch in October 2024, the Start-up Sprint has evolved into a dynamic platform that offers high-potential founders intensive mentorship, strategic guidance, and real-time execution support. With over 250 investors and mentors having participated in its eight editions, the program is steadily becoming a cornerstone for early-stage innovation. Chintan Kalla, a core team member at PedalStart, said, "Our Start-Up Sprint is a launchpad designed for ecosystem enablement and nurturing the next generation of India's visionary entrepreneurs. Seeing many of our cohort start-ups raise capital and excel after attending the Sprint is incredibly rewarding. We believe this is just the beginning." Unlike conventional accelerators, the Sprint is entirely free for selected participants and focuses on a hands-on approach. Each cohort includes up to ten start-ups, who engage in a packed schedule featuring daily mentorship, workshops, peer reviews, execution marathons, and pitch training. The sessions dive deep into business models, operations, and market strategy, helping founders refine their short-term and long-term roadmaps. The program culminates in a pitch day where selected founders present to a room of investors. This format has already shown results, with start-ups like Shoegr, InsightAI, Nuvie, and Flowwat securing funding and gaining momentum post-participation. PedalStart's model involves more than just mentorship. It actively collaborates with and invests in its portfolio start-ups, offering them access to a vast network of venture capitalists, angels, and industry veterans. Through a meticulous selection process, only 15 to 18 start-ups are chosen annually, ensuring focused support and a high-impact growth trajectory. As PedalStart continues to expand its footprint, its vision remains clear—empowering early-stage entrepreneurs to build scalable ventures that can shape the future of Indian innovation. With eight successful editions completed and many more in the pipeline, the Start-up Sprint is fast becoming a defining chapter in India's entrepreneurial journey.
Entrepreneur
16-06-2025
- Business
- Entrepreneur
Nutrition Startup Nuvie Raises $450K in Pre-Seed Funding Led by PedalStart
The funding round also saw participation from notable investors like Mukesh Bansal, Founder of Myntra, and Nurix, Ayyappan R, Founder-CEO, FirstClub; ex-CEO, Cleartrip, Chanakya Gupta, Co-Founder, Tuco Kids; ex-SVP, Flipkart, and Arun Sharma, Co-Founder-CPO, Qlub UAE. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Bengaluru-based F&B start-up Nuvie, has announced a USD 450,000 (INR 3.8 crore) fundraise in its maiden pre-seed funding round, led by start-up accelerator PedalStart. The company aims to build a new-age 'Better-For-You' brand, with products that are protein-rich, guilt-free versions of indulgent snacks and treats, according to the company. The funding round saw participation from notable investors like Mukesh Bansal, Founder of Myntra, and Nurix, Ayyappan R, Founder-CEO, FirstClub; ex-CEO, Cleartrip, Chanakya Gupta, Co-Founder, Tuco Kids; ex-SVP, Flipkart, and Arun Sharma, Co-Founder-CPO, Qlub UAE. The funding round also marked Nuvie's first external fundraising since its inception. The majority of this pre-seed capital will be used towards new product development, brand-building initiatives, and content creation efforts, said the company in a release. According to Nuvie, it clocked over INR 10 lakh in monthly revenue from the first month of its launch, and is now aiming to close CY25 with an ARR of INR 10 crore. The company is also gearing up to roll out five new shake variants, with the product pipeline also including offerings like a protein chocolate bar, a healthier spin on traditional chocolates, and India's first protein-infused cold coffee, or "Proffee." Prashant Paliwal and Hem Narayan, Co-Founders of Nuvie said, "We're elated to raise our pre-seed round, a significant milestone in our journey to reimagine healthy eating. At Nuvie, our focus is on crafting innovative products that strike the perfect balance between health and indulgence for today's lifestyle conscious consumer. This capital will empower us to double down on product innovation and strengthen our market presence as we gear up for our next phase of growth". Manas Pal and Aditya Darolia, Co-Founders of PedalStart said that as Indians become increasingly conscious about their food choices and transition to healthier lifestyles, the market for nutritious foods in our country has been growing expeditiously. "Despite that, very little innovation has happened in the food-tech space to make healthy foods delicious, and that's exactly where Nuvie gains its edge, and stands out by ensuring that healthy foods/drinks are made convenient and tasty at the same time. Nuvie's exciting category, innovative approach, and experienced founders committed to making better-for-you products work for the nation's beginner health-conscious users, were the key factors that enthused us to invest in them. We at PedalStart look forward to supporting them as their long-term growth partner," said Pal and Darolia in a statement.
