WickedGüd raises USD 1MN in a Seed Round led by Mumbai Angels

WickedGüd raises USD 1MN in a Seed Round led by Mumbai Angels

WickedGüd, a guilt free comfort food D2C brand, has raised USD 1Mn in a seed round, led by Mumbai Angels and other marquee investors. Mumbai Angels has invested USD 350K as part of their portfolio expansion initiative backing promising and high potential startups while others include NB Ventures, Dholakia Ventures, Jalaj Dani Family Office, Ashutosh Valani & Priyank Shah (Founders – Renee Cosmetics, ex-Beardo), Ravi Shroff (MD – Excel Industries Ltd), Ravi Nigam (ex-MD – Tasty Bite), Ashwini Deshpande (Co-founder – Elephant Design), Jorge Fernandez Vidal (Investment Director – Liechtenstein Group) and AkshayGurnani (CEO – Schbang), among others. The capital raised will be used for brand and community building across D2C channels, acquiring more customers online by resonating with the GenZ and young millennials to support its growth, strengthening the core team and international expansion.

Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels on the round raised said “With demand for non-native, healthy and easy-to-make recipes invading Indian kitchens today, the market is buzzing with anticipation for exciting solutions to satiate finger-licking preferences by healthy binging options. I am confident that WickedGüd offerings are perfectly positioned to capitalize on this paradigm shift on customer preferences towards health and convenience, and experience accelerated growth.”

Speaking of the funding, Bhuman Dani, Founder, WickedGüd, said “Packaged food companies are displaying mere tokenism across multiple categories – a pack of ‘oats noodles’ reads 60% maida and 40% oats at the back of the pack while ‘High-protein claims are backed with less than 10% overall protein content in the ingredient list’. Having lived across the globe for more than a decade, I truly understand the importance of balancing taste and nutrition. Our aim is to build a large, clean-label, comfort food brand with ambitious aspirations of disrupting global markets. I am truly honored and grateful to have some of the best investors in this country believe in our vision of adding WickedGüd products into households – one kitchen at a time!” He added.

About Mumbai Angels Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 200+ strong portfolio across sectors and cities across India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 100+ of them. Today the platform has 700+ investors spread across 60+ cities across the globe.

Mumbai Angels welcomes Eaglewings Ventures as its Newest Co-investment Partner

 

Mumbai Angels welcomes Eaglewings Ventures as its Newest Co-investment Partner

07, April, 2022: Mumbai Angels, a premier platform for private investments has welcomed its new Co-Investment Partner, Eaglewings Ventures, onboard. Eaglewings Ventures, an integrated investment and incubation platform for technology-based ventures provides funding support services to startups and early-stage companies in India. Launched in 2021 by Mumbai Angels, the Co-Investment Program has roped in multiple investment networks and accelerators in backing-up a few chosen high-potential startups. These startups benefit from numerous exclusive opportunities and benefits, including unrestricted access to Mumbai Angels’ Multiplier Program, an exclusive marketplace for its portfolio companies. The services provided under this program include advertising, cloud storage and marketing solutions, among others.

“Eaglewings Ventures have been at the helm of identifying and nurturing technology-driven ventures since its inception. I am confident that our combined efforts driven by our similar investment ideologies will have a meaningful impact in spotting disruptive and scalable solutions, and widen potential opportunities in creation of valuable companies.” said Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels.

“Mumbai Angels have been one of the pioneers and leaders in fueling the growth of angel investing in India for more than a decade. With its vast pool of top-tier angel investors, combined with our venture-building approach to engaging with promising startups, we foresee better accomplishments for both investors and founders. Eaglewings and Mumbai Angels have already closed deals together in the past, and now this formal collaboration will pave the way for more smart capital and quality deals in our ecosystem”, said Atul Javeri, Founder & CEO of Eaglewings Veures.

Founded in 2019, Eaglewings Ventures, a venture investment and advisory firm, aims to play a key role in contributing to India’s startup culture and entrepreneurial spirit. Understanding the challenges faced by entrepreneurs with respect to developing a market-acceptable product, identifying the appropriate positioning, adopting the right customer acquisition strategy, and managing the dynamics of fundraising, the platform offers strategic advisory, business tie-ups, preparation of investment material, subsequent funding, and deal structuring. The portfolio companies of the firm include Travel Buddy, Map My Crop, Aquatein, Celcius, GalaxyCard and more.

About Mumbai Angels Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 200+ strong portfolio across sectors and cities across India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 100+ of them. Today the platform has 700+ investors spread across 60+ cities across the globe.

Vahdam India partners with Nicobar, MA Portfolio stories featuring Bookingjini, Exotel, BLive, Instoried & Job Openings.

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Vahdam India partners with Nicobar Vahdam India, a vertically integrated online-first tea, spices and superfoods brand partners with Nicobar, a premium lifestyle brand that showcases India with its beautiful products and innovative designs. Through the partnership, Vahdam India’s exclusive Kashmir themed products will be featured at all Nicobar stores across Delhi, Gurgaon, Mumbai, Bangalore and Hyderabad, and will be exclusively available for sale at Vahdam India’s website for delivery across India. Bookingjini partners with Uttarakhand tourism Bookingjini is a hospitality and management focused SaaS platform for hotel booking. It is now the official partner of Uttarakhand tourism to streamline reservation processes, property management, and day-to-day activities for hotels and accommodation providers. Exotel secures Unified License from DoT Exotel is a full-stack customer engagement platform providing cloud telephony services to SMEs in India. The company has secured a unified license as a Virtual Network Operator from the Department of Telecommunications (DoT). With this license, Exotel will offer internet calling solutions to businesses across India that it earlier provided in Karnataka only. BLive partners with OTO Capital BLive is an EV experiential platform offering e-bike tourism, and online and offline EV stores for buying electric 2 wheelers. It has partnered with OTO Capital, a platform providing affordable plans for scooters and bike ownership for sale, marketing and promotion for multiple 2 wheeler brands on lease model.

Instoried receives Aegis Graham Bell Award Instoried is an AI-driven content solution enabling improved audience engagement. Instoried has received Aegis Graham Bell Award for Innovation in Consumer Tech. Aegis Graham Bell Award is the largest innovation award supported by the Ministry of Electronics and Information Technology, The Government of India. Job Openings WeDoSky Drones Data Science Platform Sales/Operations   Apply Now

BluSmart EV Platform Sr. DevOps Engineer Apply Now eSports XO Gaming Platform Graphic Designer Apply Now BluSmart EV Platform Chartered Accountant Apply Now Prescinto Clean Energy Platform Solar Performance Analyst Apply Now

Our mailing address is: Mumbai Angels Network 301 Turf Estate, Shakti Mill Lane, Off Dr. E Moses Road Mahalaxmi West, Mumbai – 400013

Mumbai Angels welcomes x10xventures as Co-Investment Partner

 

Mumbai Angels welcomes x10xventures as Co-Investment Partner

Tuesday, March 15, 2022: Mumbai Angels, a leading platform for early-stage investments, has onboarded x10xventures, a venture investments and advisory platform, as Partner for The Co-Investment Program. While both entities will jointly invest in high-potential businesses, The Co-Investment Program will also offer selected startups a chance to raise their next round of funding from Mumbai Angels, whilst also providing unrestricted access to Mumbai Angels’ Multiplier Program, which is an exclusive marketplace for its portfolio companies.

Nandini Mansinghka, Co-Founder and CEO Mumbai Angels, said, “We are pleased to welcome x10xventures as our latest partner for The Co-investment Program. Given that both portfolios have similar startups that we have backed in the past, it’s safe to say that our investment ideas and perspectives align. We believe their strategy and way of operating will help onboard a promising league of startups for our program and we look forward to working with them to reach greater heights.”

“We have two thoughts with respect to the reader’s investing journey that might increase their time and energy savings: call on the services Mumbai Angels offers, and do not let the notion of an inverse association between the size of your wallet and exposure to a specific asset class get in the way of superior Stress-Adjusted Returns. We are grateful to the ecosystem for their kindness and support, and are humbled by the opportunity to collaborate as Co-Investment Partner with one of India’s leading angel investing platforms,” added Rishabh Dugar, Co-Founder & Chief Managing Director, and Sanyam Dugar, Co-Founder & Chief Executive Officer of x10xventures.

About Mumbai Angels: Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 190+ strong portfolio across sectors and cities across India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 100+ of them. Today the platform has 650+ investors spread across 60+ cities across the globe.

About x10xventures x10xventures is a technology investments and advisory firm focused on startups and new-age investors. They invest in mission-driven founding teams attacking, with specific knowledge, difficult problems in large markets. As sector-agnostic and early-stage operator-investors, x10xventures has investments ranging from BluSmart Mobility, an NCR-based zero-tailpipe emission and zero-surge ride-hailing service, and Neopay, a Bharat-focused B2B hyperlocal distribution startup, to WCube, a B2B procurement enabler, and Snackible, a D2C healthy snacking destination platform.

Mumbai Angels welcomes Hem Angels as its latest partner for The Co-investment Program

 

Mumbai Angels welcomes Hem Angels as its latest partner for The Co-investment Program

14, March 2022: Mumbai Angels, a premier platform for early-stage investments, has announced Hem Angels, a part of Hem Securities Ltd., as its next partner for the Co-investment Program. Hem Angels has been actively raising early-stage funds through its network spanned across 21 states and 112 cities.   The Co-investment Program launched in 2021 by Mumbai Angels offers a host of opportunities for emerging startups seeking financial backing and guidance. The companies chosen for the program will also receive unrestricted access to Mumbai Angels’ Multiplier program, an exclusive marketplace offering an array of services, such as advertising, advisory, cloud storage and marketing solutions, among others.

Nandini Mansinghka, Co-Founder and CEO, Mumbai Angels, said, “As one of the pioneers in introducing Angel investment platforms in India, we strongly believe in creating a favourable environment for robust growth. The co-investment program is a step towards building up a startup ecosystem that is brimming with opportunities. We are optimistic that our partnership with Hem Angels will leverage our individual strengths and use our synergy for creating better impact.”

“Mumbai Angels is one of the most seasoned Angel Network with over 190 portfolio companies. This partnership is a huge value addition, especially for investee startups of Hem Angels’. Through 14 months of operations, we have funded 16 startups through our investor network, and we are hopeful of doubling the numbers in 2022 through the partnership with Mumbai Angels.  We believe that this collaboration will help us achieve our goals faster and would give an immense boost to our chosen startups. Our experience and market leadership position in the Capital markets and the astute credibility that Mumbai Angels has earned over the years in the marketplace will be instrumental in taking the Indian startup ecosystem to greater heights,” added Gaurav Jain, Director of Hem Angels.

About Mumbai Angels: Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 190+ strong portfolio across sectors and cities across India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 100+ of them. Today the platform has 650+ investors spread across 60+ cities across the globe.