Funding Alert
New Delhi based startup AppX raises $1.3 million in a new funding round
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ByTejika Bajaj | January 19, 2022
New Delhi based online solution provider startup AppX has recently announced that it has raised a sum of $1.3 million in a new funding round led by YCombinator, Global Founders Capital and Rocket Internet. The round also witnessed participation from leading investors including Soma Capital, Shrug VC, Lenny Rachitsky (AirBnB), angel investor James Beshara and TDV Partners among others.
The company officials have stated that the startup intends to deploy the recently infused capital to expand its current product offerings as well as enable content creators to monetize better. Furthermore, the startup also plans to roll out their tokens and expand its reach globally. The online creator platform has plans to launch a platform which would enable creators to initiate their online business in less than 10 minutes.
“The creator economy has been rapidly growing with increasing digital penetration. We are delighted to partner with AppX and truly believe in their vision of creating products that help empower creators and influencers across the globe,” said Don Stalter, partner at Global Founders Capital.
Launched in June 2020, AppX is an online solutions provider for content creators wherein it enables the creators to monetize through their own personal mobile application and website. The creators can easily operate their business be it ebook, NFTs or ecommerce business through the application of AppX. The startup is currently focusing on Youtube and Instagram influencers with more than 10,000 followers.
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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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