Funding Alert
Gujarat’s Rogue Opportunities Commits ₹25 Crore Investment in Indian Startups
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ByStartupStory | August 11, 2023
Rogue Opportunities, an angel network headquartered in Gujarat, has unveiled its ambitious plans to extend its reach by injecting 25 crore rupees into startups across India within the upcoming year.
In an official announcement, Rogue Opportunities highlighted its successful collaborations with more than 200 angel investors and family offices in Gujarat. The network customarily invests between 50 lakh and 1.5 crore rupees, offering crucial support to startups at various developmental stages.
“Our vision extends beyond Gujarat as we seek to empower promising startups from all corners of India. We are passionate about supporting the brightest minds across the country and propelling their ideas to new heights,” said Dishank Shah, co-founder, of Rogue Opportunities, adding that the firm aims to contribute significantly to the startup ecosystem and fuel entrepreneurship throughout the nation.
The statement further emphasized Rogue Opportunities’ central mission: bridging the gap between startups and investors. This involves not only financial backing but also equipping startups with the essential resources to foster growth and prosperity. Beyond just funding, the network is dedicated to offering invaluable mentoring services, which aid startups in scaling their ventures and preparing themselves for subsequent rounds of funding.
Established in 2022, Rogue Opportunities operates as an angel network with a primary objective of democratizing angel investments, thereby igniting the advancement of startups throughout India. The platform also asserted its track record, having already infused over 12 crore rupees into a diverse array of startups.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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