Shashank Pathak
@shashank_ent
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Covering early-stage startups @Entrackr I Follow #Snippets #Weeklyfunding #Monthlyfunding #ESOPTRACKR| 📧 [email protected]
Joined June 2020
🚀 Daily Startup Highlights 💰 Funding Round-Up 🔹 Mem0 (Memory Infra)- $24 Mn- Series A 🔹 Lenskart (Eyewear)- $11.3 Mn- pre-IPO 🔹 Tsuyo Manufacturing (Mobility)- $4.5 Mn 🔹 Fambo (Agritech)- $2.4 Mn - Series A 🔹 Oroos (Confectionery)- $2.26 Mn 🔹 Happi Planet (E-commerce)-
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QuickShift raises Rs 22 Cr in pre-Series A round led by Atomic Capital
entrackr.com
D2C and enterprise fulfillment startup QuickShift has raised Rs 22 crore (around $2.6 million) in a pre-Series A funding round led by Atomic Capital. Snippets
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#Funding: Digital lending company Finnable raises Rs 250 Cr led by Z47 and TVS Capital ✍️ @shashank_ent
entrackr.com
Digital lending fintech Finnable has raised Rs 250 crore (around $30 million) in a funding round led by Z47 and TVS Capital. The MEMG Family Office. News
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Funding and acquisitions in Indian startup this week [Nov 03- Nov 08] Report by @manchanda_mukul and @shashank_ent
https://t.co/EALl05mW0H
entrackr.com
This week only 24 Indian startups raised a total of $242.88 million, comprising 5 growth-stage and 17 early-stage deals, while a startup kept its funding undisclosed. Weekly Funding Report
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Indian startup weekly roundup 🚀24 startups 💰$242 Mn+ total funding 🌱 19 early stage deals 🧑💻 5 key hirings 🚶♂️4 departures 💲3 fund launch 📃 1 layoff (350 employees)
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Former banker Dhruv Jhunjhunwala’s Novastar Partners targets Rs 350 Cr fund
entrackr.com
Former investment banker Dhruv Jhunjhunwala has launched Novastar Partners, an investment firm focused on India’s private markets.
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SCOOP: Spinny is set to acquire car servicing platform GoMechanic in a cash deal mostly after its turn around. GM currently clocks an annual recurring revenue (ARR) of around Rs 350 crore and is near break-even. This will mark Spinny’s fourth acquisition. via @entrackr
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From tax arbitrage to IPO jackpot: The playbook behind India’s startup valuation
entrackr.com
The startup boom is built on a clever but controversial foundation, a tax structure that rewards unprofitable growth and punishes profitability.
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#Exclusive: Spinny set to acquire GoMechanic after its turnaround ✍️ @upadhyay_harsh1
entrackr.com
Spinny is set to acquire car servicing platform GoMechanic from the consortium that currently owns and operates it, according to two sources.
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PhysicsWallah eyes $3.2 Bn valuation; price band set at Rs 103–Rs 109 ✍️ @Kunal_POV
entrackr.com
PhysicsWallah has announced the price band for its upcoming Rs 3,480 crore initial public offering (IPO) at Rs 103–Rs 109 per share, valuing the company at $3.2 billion.
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Ola Electric revenue falls 46% in Q2 FY26; controls losses ✍️ @priyans_x
entrackr.com
Ola Electric’s revenue continues its downward spiral. The company's revenue shrank by 47% YoY during Q2 FY26. The firm’s losses widened by 23.3% in the same period.
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MeshDefend raises $2.3 Mn in pre-seed round led by Kalaari Capital
entrackr.com
AI enterprise data infrastructure MeshDefend has raised $2.3 million in a pre-seed funding round led by Kalaari Capital, with participation from Kettleborough VC. Snippets
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Breaking: Spinny set to acquire GoMechanic after its turnaround => GoMechanic is owned by a consortium including Lifelong Group, Hero Group and Stride Ventures. => As per sources, GoMechanic currently clocks an ARR of around Rs 350 Cr and is near break-even.
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Space tech startup Ulook raises Rs 19 Cr led by growX and InfoEdge Ventures
entrackr.com
Space-tech startup Ulook has raised Rs 19 crore (approximately $2.3 million) in a funding round co-led by GrowX Ventures and InfoEdge Ventures. Snippets
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Freshworks posts $215 Mn revenue in Q3 CY25; narrows losses ✍️ @Kunal_POV
entrackr.com
SaaS company Freshworks delivered a strong third quarter for 2025. The Chennai-born, San Mateo-headquartered firm reported $215 million in revenue.
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Build profits: pay 52% tax. Burn cash, sell hype, exit via IPO: pay 15%. In India, it literally pays to lose money efficiently. 😅 ➡️ As Nithin Kamath noted, the tax code itself nudges founders to chase valuations over value, and exits over earnings.
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🌱Fund launches 🔹ChrysCapital- $2.2 Bn 🔹Lighthouse Canton- $40 Mn 🚶♂️ Departures 🔹 Aakash CFO Vipan Joshi Quits After 9-Year Stint 🚩 Layoffs 🔹 Porter- 300-350 Employees
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🚀 Daily Startup Highlights 💰 Funding Round-Up 🔹 MoEngage (Customer engagement)- $100 Mn 🔹 Spacewood (Furniture tech)- $36 Mn 🔹 Kshema (Insurtech)- $20 Mn 🔹 Stackbox (Logistics)- $4 Mn 🔹 BabyOrgano (Healthtech)- $2.4 Mn 🔹 Krieya (E-commerce)- $788K 🔹 Wyzard ai
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