India Dealbook: DeHaat, Pipal Tree Drinks raise funds, Games2win floats fund

Agricultural paddy

Agritech startup DeHaat and FMCG startup Pipal Tree Drinks are among the latest startups to have secured funding. Meanwhile, Games2win has launched the REPLAY Gaming Fund to back gaming startups and entrepreneurs.

Trifecta Capital puts $2.8m in DeHaat

Agritech startup DeHaat has raised Rs 20 crore ($2.8 million) in debt funding from venture debt firm Trifecta Capital, it announced on Wednesday.

The funds, which will be drawn over the next 12 months, will primarily be used to pilot financial services like credit and insurance services for farmers using the DeHaat platform.

Founded in 2012 by IIT Delhi alumnus Shashank Kumar and IIT Kharagpur alumnus Manish Kumar, DeHaat had raised $4 million in equity funding led by Omnivore and AgFunder in March.

Pipal Tree Drinks secure funding

New-age FMCG startup Pipal Tree Drinks has raised an undisclosed amount in funding from ITI Growth Opportunities Fund.

The startup will use the funding amount for marketing, new product development, and retail expansion to other key markets such as Delhi, Bangalore, Chennai and Hyderabad. It is also planning to expand its presence via online marketplaces.

Founded in 2018 by Satish Negi and Jasmeet Khanna, Pipal Tree Beverages launched its flagship product last year under the brand name BREKKIE – Breakfast shake.

Games2win floats fund for gaming startups

Mumbai-based mobile games developer Games2win India Pvt. Ltd Wednesday launched REPLAY Gaming Fund to back gaming startups and entrepreneurs.

The fund will have no capital restrictions and will start with an initial corpus of Rs 10 crore, it said in a statement.

“The company will invite gaming startups seeking funding, mentor them through the development process and market their products using its network,” said Alok Kejriwal, CEO and co-founder of Games2win, said.

Founded in 2006, Games2win boasts over 1 million daily active users.