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[Funding News] Trampoline Secures $5 Mn Funding Round led by Matrix and WaterBridge

By Viestories
New Update
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Cross-border B2B home décor brand Trampoline has closed its $5 million seed round. The brand is led by design. WaterBridge Ventures and Matrix Partners India lead the investment.

The new funding will allow it to build an early team, advance new product development, and strengthen its supply chain and sourcing skills.

Read also - Smartworks Raises Rs 100 Cr Funding from Ananta Capital

Trampoline wants to give independent retailers, interior designers, and wholesalers access to products that are made responsibly, with credit terms, an accretive margin profile, and the best possible logistics and shipping experiences. Minimum order quantities can be as low as zero.

In the first few months, the company reports that over 1,500 devices were ordered, indicating a substantial demand from clients in the UK. The business added that Trampoline's goal of bridging the gap between its stores and manufacturers has struck a chord with customers, especially independent retailers and interior designers.

Abhik Ghosh, Co-founder & CEO, Trampoline said: “Trampoline’s tech play aims to provide independent retailers the data and personalisation to efficiently curate for their stores, while equally deploying tech-enabled QC/QA (quality control/quality assurance) and supply chain solutions for our manufacturer partners."

Sudipto Sannigrahi, Managing Director, Matrix Partners India, said: “With a strong customer backward design sensibility and a fully digitized supply chain, Trampoline is uniquely positioned to solve for key pain points around discoverability, quality and reliable supply of products, for home decor retailers globally,”

About Trampoline

Founded in 2023 by Abhik Ghosh, Anushka Mahanti and Varun Deo, Trampoline is a new global B2B platform, providing brands seamless access to premium quality, design-led home décor.

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ParkMate has Secured $1.2 Million in a New Funding

ParkMate is the ultimate hassle-free parking solution. Our app-based platform offers a seamless experience by allowing you to 'Order a Valet' at any location.

By Aryan Sharma
New Update
ParkMate has Secured $1.2 Million in a New Funding

Cactus Partners is an early growth-stage startup fund, is leading a fresh round of $1.2 million secured by ParkMate, a supplier of parking solutions. The financing also included participation from current backers including the Marwah Group Family Office and Venture Catalysts.

Funding Utilisation

ParkMate claims that the money will be utilized to accelerate its growth trajectory, make investments in its workforce to attract clients, simplify its business processes, and keep coming up with new ideas.

Read Also - Univest To Secured $16 Million in Funding 

ParkMate, which was founded by Dhananjaya Bharadwaj, provides intelligent parking solutions to government parking contractors as well as corporate hotels, office buildings, and retail centers.

Car owners who use the company's unique DaSH (Drop & Shop) service may park their vehicles at shopping centers, arcades, and business buildings in less than two minutes. It is recognized by the Telangana, UP, Fun Republic, Phoenix Mills, and DLF governments. Another big market for ParkMate is smart cities.

Among its immediate rivals are Park+, Get My Parking, Park Smart, and Parky.

The biggest participant in this market is Park+. The business launched Drive+ in June, establishing itself as a possible rival to DriveU, Drivers4Me, Driverzz, PickMyCar, Namma Driver, and Cars24 in the on-demand driver services market.

Since January 2021, this is Cactus Partners' ninth investment. The company has made investments in businesses including Rubix Data Science, AMPM Fashions, Auric, Indigrid Technology, Lohum Cleantech, Kapture CX, and Vitraya Technologies. 

About ParkMate

ParkMate, the ultimate hassle-free parking solution. Our app-based platform offers a seamless experience by allowing you to 'Order a Valet' at any location. Simply arrive at your destination, and ParkMate takes care of the rest. Our professional valets pick up and drop off your vehicle at the nearest parking facility, while you track its location in real time through the user-friendly app.

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Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Startup Funding News: Stay updated with the latest news and trends in startup funding and investment.