Huddle Ventures News Today

Gurugram-based accelerator and VC firm Huddle Ventures started raising its Rs 100 crore Fund II in mid-2023. The firm aims to make a final close of Rs 150 crore for the new fund.

Direct-to-consumer (D2C) investors expect that conscious fashion & apparel, travel & lifestyle, and home & decor categories are ripe for disruption. The expenditure in such categories is not only expected to rise in 2024 but is also projected to become a dominant trend throughout this decade. Also, D2C is believed to have completely transitioned to being omnichannel.

B2B logistics startup Shiprocket to raise $185 million in a Series E round co-led by Zomato, Temasek Holdings, and Lighrock India.

New investors Moore Strategic Ventures and 9unicorns also participated in the round.

However, Goyal said the company may do more such deals where Zomato would follow founder’s personal investments to back a company.

Shiprocket said that it will accelerate its mission to democratise e-commerce fulfillment for the fast-growing universe of D2C retailers by utilising the latest fundraise.