India’s ‘zero-stock’ fresh commerce startup Handpickd has raised $15 million in a Series A funding round led by Bertelsmann India Investments (BII). Separately, Simple Energy, an automotive company, has raised $10 million in an all-equity funding round.
Handpickd raises $15m
India’s ‘zero-stock’ fresh commerce startup Handpickd has raised $15 million in a Series A funding round led by Bertelsmann India Investments (BII).
The round also saw participation from Titan Capital Winners Fund (TCWF) and existing investors.
Founded in 2024 by Anant Goel, the co-founder of Milkbasket, along with Nitin Gupta and Sahil Madan, Handpickd is a zero-inventory, zero-warehouse, zero-dark store platform that doesn’t forecast its sales. It first collects orders from customers, then buys the exact quantity/quality directly from the farmers, and delivers to customers in the early morning hours.
The process from purchase to delivery, it claims, is accomplished in under 6-7 hours, using advanced JIT processes, eliminating the need for any storage.
The startup will use the capital to strengthen its talent pool, expand serviceability in existing geographies, and create technology for further optimising its supply chain.
Simple Energy raises $10m
Simple Energy, an automotive company headquartered in Bengaluru, has raised $10 million in an all-equity funding round.
The round was led by existing investor Dr. Arokiaswamy Velumani, Founder of Thyrocare’s Family Office, in participation with fellow existing investors – Balamurugan Arumugam and the Haran family office.
The funds will aid Simple Energy’s network expansion across India and marketing initiatives. A percentage of the amount will also be directed towards R&D.
To date, Simple Energy has raised $51 million from marquee investors. Looking ahead, the company is planning an IPO in FY’27, with a target of raising $350 million to fuel manufacturing expansion and other growth initiatives.
