Funding Alert
Ratan Tata backs Pune based energy distribution start-up Repos energy
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ByStartupStory | May 19, 2022
Repos Energy, a fuel-to-door start-up raised a fund of Rs.56 Cr in a Pre-series A funding round from Ratan Tata and other investors. The funds are a mixture of equity and Debt. The funds are raised to expand product offerings, India FootPrint, and recruit new. Repos are planning to invest further in technologies like AI, Blockchain, and IoT.
This is the second time Ratan Tata backed Repos after undisclosed funds were raised from Ratan Tata recently. On backing Repos again Ratan Tata said “Repos is a well-conceived project with good execution, I wish them all the success”
Founded in 2017, Repos decided to utilise the raised funds in strengthening its product line and expand its presence in different geographies in India. The main vision of Repos is to create accessibility to clean fuels with a single click at the doorstep through E-commerce platforms.
Repos’s concept of building mobile energy distribution has gained support from PMO, OMCs, the ministry of Petroleum and Natural gas, OEMs, and PESO. In 2015, the Indian Government launched FuelEnt, an initiative to empower fuel entrepreneurs.
Founded by the couple Chetan Walunj and Aditi Bhosale Walunj, Repos’s mission is to provide Cost-effective solutions for the growing demand for energy in India. The firm has established its presence in over 220 cities with 1500+ partners, with more than 2,500 Repos Mobile Fuel pumps.
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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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