The latest round of investment by Accelerating Asia’s accelerator program has rewarded startups with a total of $1.7 million. Funding will be used to expand into new markets, improve technology teams and launch a mobile app. Nutty Yogi is a clean-labeled organic food brand based in Bengaluru. Funding was led by Multiply Ventures. The startup aims to grow beyond a direct-to-consumer model to sell through major ecommerce channels and its website. It offers more than 200 organic and immune-enhancing products. Similarly, 60Plus India raised $100,000 from Accelerating Asia through safe notes. 60Plus India plans to use the money to strengthen its technology team and launch a mobile app.
Drone-as-a-Service provider Garuda Aerospace has raised pre-Series A funding from Ocgrow Ventures and Instarto. The company was founded by Agnishwar Jayaprakash in 2015, and currently supplies more than 30 different types of drones to over 750 clients, including the Survey of India. It recently announced a partnership with Swiggy to test drone delivery in Bengaluru.
Founded in 2017, 60Plus India offers over 200 organic products ranging from daily essentials to immune-boosting supplements. The company’s recent fundraising round included $100,000 from Accelerating Asia and will be used for expanding into new markets, strengthening its technology team, and launching a mobile app. The company claims to have 150 service providers in Chennai alone. The investment round will lead to a $30 million Series A round in June 2022.
A series of pre-Series A funding rounds has helped drone startup Garuda Aerospace raise an undisclosed sum of money. The round was led by Ocgrow Ventures, with participation from super angels in global investment banking circles. Financial advisor Instarto also participated. The company is on track to raise $30 million in its Series A round in June 2022.
The funding comes as part of Garuda Aerospace’s efforts to expand its drone as a service (DaaS) ecosystem in India. It received an undisclosed sum in a pre-Series A funding round led by Ocgrow Ventures, with financial advisory firm Instarto. Garuda Aerospace has built an ecosystem around drone as a service in India, with plans to ship thousands of aerial drones to African countries. The company also recently won a contract with Swiggy to conduct drone delivery trials in Bengaluru.
Tech-savvy angel investors have come to the rescue of a drone startup by raising a pre-Series A round of funding. The Bengaluru-based firm, which raises pre-Series A capital from Accelerating Asia, will use the funds to expand beyond its direct-to-consumer model, which focuses on providing organic food products. 60Plus India, meanwhile, has raised $100,000 from Accelerating Asia through safe notes. The funds will be used to expand into new markets, strengthen their technology team, and launch a mobile app.
The pre-Series A round of funding was led by Ocgrow Ventures with Instarto acting as financial advisor. The company was founded in 2015 by Agnishwar Jayaprakash and has been supplying drones to over 750 clients. The company has long-term contracts with the Survey of India and recently announced a partnership with Swiggy to test drone delivery services in the city of Bengaluru.
Ocgrow Ventures led a pre-Series A funding round for Chennai-based DaaS provider Garuda Aerospace. The company is part of the growing Drone as a Solution ecosystem in India. In addition to providing drones to survey companies, the startup has recently partnered with Swiggy to conduct drone delivery trials in Bengaluru.
The funding rounds for these two companies are quite diverse. Garuda Aerospace, a start-up that makes commercial aircraft for senior citizens, raised an undisclosed sum from Accelerating Asia and Ocgrow Ventures. Ocgrow and Instarto also acted as investment bankers for Garuda Aerospace. The startup expects to raise $30 million in Series A funding in June 2022.