India Dealbook: Pando, AgNext, Sleepy Owl, PregBuddy raise fresh funding

Sleepy Owl
Photo: Sleepy Owl website

E-logistics firm Pando, agritech startup AgNext, cold brew coffee company Sleepy Owl and pregnancy care platform PregBuddy have secured fresh funding.

Online logistics startup Pando gets $2m in a round led by Nexus Venture

Pando, a Bengaluru-based online logistics startup, has raised $2 million in a seed funding round led by venture capital firm Nexus Venture Partners.

The round also saw participation from angel investors Kashyap Deorah of Hypertrack, Girish Mathrubootham of Freshdesk, Nishant Rao of Sirion Labs (Ex-LinkedIn India MD), and P Balaji of Vodafone (Ex-Nokia, Sony Erickson India MD).

Pando helps enterprises of all sizes digitize, monitor and optimize their supply chain operations. It plans to use the funds raised for product development and fresh hiring.

“This investment is a shot in the arm for the team to continue to reimagine logistics — from being a heavy, cumbersome cost-center, to being a robust, digital foundation to any business. We have seen encouraging adoption from Fortune 500s and global blue-chips. We will continue to focus on product and people, to ease and enable commerce through digital deliveries,” said Nitin Jayakrishnan, Founder & CEO of Pando.

Omnivore backs agtech startup AgNext

Agriculture and food tech-focused venture capital firm Omnivore Partners has invested an undisclosed amount in Chandigarh-based agrifood sensing solutions startup AgNext Technologies Pvt Ltd.

Samir Kumar, a Singapore-based high-net-worth individual, also participated in the latest round. Subhadeep Sanyal, Principal at Omnivore, will join AgNext’s board.

Founded in 2016, AgNext collects spatial, temporal and spectral data to provide sensing solutions across the agriculture and food value chain. It claims its integrated digital platform can help growers and food processors improve their productivity, quality and profitability.

“This investment will help AgNext scale its team, build more innovative product solutions, and serve clients across Indian and international markets,” said Taranjeet Singh Bhamra, CEO of AgNext.

DSG Consumer invests $500k in cold brew coffee firm Sleepy Owl

Cold brew coffee company Sleepy Owl has secured $500,000 in seed funding from early-stage consumer investor DSG Consumer Partners.

The Delhi-based startup company plans to use the funding to expand its product portfolio.

“Our main focus for the coming year is to make additions to our 15,000 existing customer base by increasing SKUs, expanding retail presence and marketing. Proceeds from the round will help us streamline operations and expand production, to ensure that we deliver on our promise of excellent user experience to our customers,” said Sleepy Owl co-founder Ajai Thandi.

Founded in June 2016, Sleepy Owl’s distribution presence has expanded to all major cities with the recent launch of its Brew Packs available on order through its website.

DSG Consumer is also an investor in cold-pressed juices company Rakyan Beverages, which operates under the RAW Pressery brand.

PregBuddy raises seed funding from Indian Angel Network

Bengaluru-based pregnancy care providing app PregBuddy has raised an undisclosed amount in a seed round of funding from Indian Angel Network.

According to an official statement, other angel investors in the round include Google India MD Rajan Anandan, Uber India & Emerging Markets chief business officer Madhusudhan Kannan, YuMe co-founder and chairman Jayant Kadambi, and Puneet Gupt, COO (News Business) of Times Internet Limited, among others.

As the lead IAN member, angel investor and healthcare incubator HealthStart founder Pradeep K Jaisingh will join PregBuddy’s board.

“We plan to utilise this investment to expand our team and scale up the platform. We’re actively looking to hire few passionate people in fields of technology, marketing and business development who will join our core-team and work closely with the cofounders and grow along with them,” said S.L. Sivareena, co-founder and COO at PregBuddy.

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