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In a stock exchange filing, the company stated that Abichandani resigned from his position effective at the close of business on January 19, citing personal reasons.

Also known as the Series II fund, it focuses on early-to-growth-stage fintech startups, especially those using generative AI to develop financial services products.

The startup will use the funds to grow its science and engineering teams, invest in core research and strengthen manufacturing partnerships as it scales its technical textiles platform worldwide.

The funding will be used to expand the engineering team, speed up product development, and grow the company’s presence in India and other markets. Part of the secondary capital will also give employees liquidity through the company’s ESOP program.

Shree Tripada marks 15 years in India’s digital messaging space, offering bulk SMS, WhatsApp, and RCS solutions for businesses with TRAI-compliant services starting at 7 paise per message.

Nearbyexpire.com helps reduce global food and product waste by enabling sellers to list near-expiry and expired items at discounted prices, promoting reuse, recycling, and a circular economy with zero listing costs.

The startup will use the funds to grow its product range and expand offline stores in major indian cities. Some of the funds will also be used to boost brand visibility in international markets like the US and UK.

Albon Cosmetics wowed audiences on Bharat Ke Super Founders with a ₹1.5 crore, zero-equity pitch, showcasing India’s first multi-functional, high-performance makeup range and gaining national visibility on Amazon MX Player.

The funds will be used to speed up product development, grow community programs, and improve the platform’s safety features.

The startup plans to use the funds for construction and expansion, 33&Brew said in a press release.