India Digest: Posha, BharatPe, The Good Bug raise funds

India Digest: Posha, BharatPe, The Good Bug raise funds

Posha

Posha, the company behind the AI-driven kitchen robot of the same name, said it has raised $8 million in Series A funding, while gut health startup The Good Bug has raised Rs 100 crore (about $12 million) in a Series B funding round.

Posha raises $8m

Posha, the company behind the AI-driven kitchen robot of the same name, said it has raised $8 million in Series A funding.

The round was led by Accel, with participation from existing investors, some of whom include Xeed Ventures, Waterbridge Ventures, Binny Bansal (co-founder, Flipkart), Asha Jadeja Motwani, Samay Kohli and Akash Gupta (founders, GreyOrange).

“Posha is tackling a persistent problem in modern households: how to get a healthy, home-cooked meal on the table when time is short,” said Pratik Agarwal, Partner at Accel.

The company will use the funds to enhance AI capabilities, expand the recipe database, and improve the user interface.

TGB raises $12m

Gut health startup The Good Bug has raised Rs 100 crore (about $12 million) in a Series B funding round.

The round was led by Susquehanna Asia Venture Capital, the VC arm of Susquehanna International Group, along with participation from its existing investor, Fireside Ventures.

The company develops gut-health focused products such as kombuchas, water kefirs, and fermented pickles.

It last raised $4 million in a Series A extension last year, led by Sharrp Ventures, the family office of Marico Group’s Harsh Mariwala.

BharatPe raises $15m

BharatPe has raised ₹125 crore (roughly US$15 million) in debt funding to support its expansion plans and general corporate needs, according to regulatory filings.

The round was led by Neo Markets Services, the insurance subsidiary of Neo Group, and Trifecta Capital, both of which invested ₹50 crore each. Alteria Capital contributed the remaining ₹25 crore.

The funds were mobilized through the issuance of 5,000 Series I2 and 2,500 Series D3 non-convertible debentures (NCDs), priced at ₹1 lakh (approximately US$1,205) each. Additionally, 500 Series J1 NCDs were sold at a higher denomination of ₹10 lakh (about US$12,048) apiece.

 

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter


This is your last free story for the month. Register to continue reading our content