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VRO Hospitality Raises $3 Mn Series A Funding Round Led By CreedCap
Bengaluru-based hospitality chain VRO Hospitality raised $3 million in Series A funding, in a mix of equity and debt, led by CreedCap along with undisclosed angel investors. The capital will fund expansion to Mumbai, Goa and Chennai, with most of it going into new projects alongside technology, team building and cloud kitchen brands. Founded by Dawn Thomas, Safdar Adhoor and Sharath Rice, VRO runs F&B brands including Mirage, Hangover and Badmaash across 18 outlets in Bengalu


EVRE raises 'Pre-series A' funding round led by ACKO and CreedCap
In March 2022, EVRE raised pre-Series A funding led by ACKO Technology and Services and CreedCap to expand manufacturing, develop new offerings and grow its EV charging network. At the time, it operated over 700 chargers across more than 50 hubs in 12 cities.


Byju’s raises $75 million from Sequoia, Sofina
In March 2016, education technology start-up Byju's raised $75 million from Sequoia Capital and Sofina, then the largest fund-raising by an Indian education start-up, to deepen product development and expand into new markets. CreedCap's Vishal Pereira noted that ed-tech is a difficult market to crack, since retaining students takes very high quality content that needs heavy investment, but once created, that content can scale across geographies.


Venture capital firms continue to step up India start-up investments
By November 2015, venture capital investment in Indian start-ups had reached a record $4.6 billion for the year to date, led by consumer internet companies. CreedCap's Vishal Pereira commented on Sequoia Capital and Tiger Global backing newer teams in areas such as intra-city logistics, food-tech and home services.


Hedge funds adopt a go-slow approach on Indian start-ups
In September 2015, Mint reported that hedge funds had slowed their investments in Indian start-ups, making only four deals since the end of April, after 14 in the year's first four months. CreedCap's Vishal Pereira commented that most had already backed the leading players in each segment and the themes considered hot.
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