SuperK, AdOnMo, and JustDeliveries Secure Key Investments in Series Funding Rounds
SuperK Secures Series A Funding!
🚀In an exciting development for the tech-enabled grocery retail space, SuperK, a promising player based out of Hyderabad, has successfully raised a robust Rs 31 crore (approximately $3.7 million) in its Series A funding round. This milestone funding was led by Catalyst Trusteeship Limited (Blume Ventures), showcasing a strong vote of confidence in SuperK's vision and business model.This fresh infusion of capital marks SuperK's first significant fundraising endeavor of 2024, underlining its ambitious growth and expansion plans. The funds are earmarked for propelling the company towards achieving its strategic objectives, alongside bolstering its financial foundation.Catalyst Trusteeship (Blume Venture) took the lead with a substantial Rs 21.65 crore contribution, with the remainder of the investment being pooled in by a consortium of backers including VSS Investment Fund, Veltis Capital, Stargazer Fund, CoralBay Ventures, Silverneedle Ventures, HOF Profectus, IA Growth Opportunities, and Abhishek Goyal.
This collective investment effort underscores the faith and optimism the investor community places in SuperK's potential.Since its inception in 2019, SuperK has been at the forefront of redefining the grocery retail landscape through its innovative asset-light franchise model. With over 100 stores spread across Kadapa and Anantapur, the company has demonstrated remarkable growth, tripling its revenue in the last fiscal year.🌟 Congratulations to the entire team at SuperK on this remarkable achievement! 🌟
At Human Capital Express , we celebrate your success and encourage SuperK to leverage our expertise in growing their human capital. Investing in people is the key to sustainable growth, and we're here to support you on this journey.
🖤 Let's build a future where technology and human potential go hand in hand.
Hyderabad-based AdOnMo has successfully raised Rs 58.21 crore (approximately $7 million) in its Series B1 funding round.
This marks a significant step forward since its last Series A round, led by Zomato. With the investment led by healthcare veteran Ravindranath Kancherla and his son kancherla pruthvinath, alongside contributions from Qatar Insurance Group and ZNL Growth (Z Nation Lab), as well as 36 individual investors, AdOnMo is gearing up for an ambitious expansion.
The funds are earmarked for business expansion and bolstering working capital needs.Having raised about $25 million across rounds to date, including a notable $15 million from Zomato last year, the company is on a rapid ascent. In FY23 alone, AdOnMo’s revenue from operations surged fourfold to Rs 75 crore, demonstrating their impact in the ad-tech space.
Founded in 2016 by Sandeep Bommireddi and Sravanth Gajula, AdOnMo revolutionizes digital advertising through targeted displays on outdoor digital screens, covering both residential and corporate parks across 21 cities. Despite the challenges, their commitment to innovation has not only attracted significant investments but also led to remarkable revenue growth.👏 Congratulations to the entire team at AdOnMo on this remarkable achievement!
As you continue to expand and redefine outdoor digital advertising, we at Human Capital Express cheer you on. For businesses looking to grow and thrive, remember that investing in your human capital is just as crucial. Let's explore how we can support your journey and propel your growth further.
🚚 Exciting Milestone Alert for JustDeliveries!
🚚 In a significant move towards revolutionizing the logistics of perishables, JustDeliveries has successfully raised $1 million in a pre-Series A funding round. Spearheading this round is NABVENTURES Fund, a venture growth equity fund subsidiary of the Indian government’s National Bank for Agriculture and Rural Development (Nabard), with a focus on empowering sectors such as agritech, foodtech, and more.Joining the funding journey are notable investors including Faad Network Pvt. Ltd, Anay Ventures, Caret Capital, and the Mahansaria Family Office, all rallying behind JustDeliveries mission to redefine perishable logistics.
With this new capital infusion, the Mumbai-based logistics powerhouse plans to expand its operational footprint across key Indian metros including Bengaluru, Mumbai, Pune, the National Capital Region, and soon, Hyderabad. By 2028, JustDeliveries aims to mark its presence in 8-10 cities across India, significantly enhancing the supply chain for food and beverages (F&B) brands. These brands range from #quick-service restaurants and #cafe chains to fresh and frozen food specialists.
🍽️ Over 70 F&B companies have already entrusted their logistics to JustDeliveries, tapping into the benefits of last-mile efficiencies and reliable operations. Founder Mansi Mahansaria, with her rich background in the Tata Housing Development Company and IDFC, brings her deep industry insights to lead JustDeliveries on this ambitious path.VIKAS BHATT, Managing Director of Nabventures, highlighted the transformative potential of JustDeliveries in mitigating food wastage in India. By enhancing storage and distribution infrastructure, JustDeliveries is set to play a pivotal role in fostering a sustainable and efficient food supply chain across the nation.
👏 Congratulations to the entire team at JustDeliveries for achieving this landmark funding! Your journey towards optimizing logistics for perishables is inspiring and holds the promise of making a tangible impact on food sustainability in India.
At Human Capital Express , we celebrate this achievement and encourage organizations like JustDeliveries to continue investing in their human capital for sustained growth and innovation.
For more such news, do visit our funding section.
