Alt Mobility and Candytoy Corporate have raised $10 million and $13 million, respectively, in Series A funding, while ShopDeck has raised $8 million in its Series B funding round.
Eurazeo leads $10m funding in Alt Mobility
Commercial EV leasing and asset management firm Alt Mobility has raised $10 million in its Series A funding round led by Eurazeo, a European venture capital and private equity fund.
Existing investors Shell Ventures, Twynam Earth Fund, and EV2 Ventures also participated in the round, the company said in a statement.
The company will use the funds to expand its fleet to 30,000 vehicles by March 2026 and manage an asset under management (AUM) of Rs 800 crore over the next 18 months. Additionally, the company will invest in expanding its digital asset management platform and standardise its battery technology.
Founded in 2023, Alt Mobility currently owns a fleet of 10,000 vehicles across 20 cities in India leased to fleet operators and individual drivers.
ShopDeck raises $8m led by Bessemer
ShopDeck, a direct-to-customer (D2C) ecommerce solutions provider, has raised $8 million in its Series B funding round led by global investment firm Bessemer Venture Partners.
The round also saw participation from Elevation Capital, Venture Highway (acquired by General Catalyst), and Chiratae Ventures.
With the fresh funds, the company aims to ramp up hiring and invest in new products offerings. ShopDeck will also invest in software, according to a report in The Economic Times.
ShopDeck, previously known as NuShop, provides full-stack services for brands trying to manage their D2C space. The company has partnered with more than 1,000 brands and has enabled close to $150 million in annual sales across sellers, according to its website.
Candytoy Corporate raises $13m
Indore-based Candytoy Corporate Pvt. Ltd. (CTC), a global manufacturer of plastic promotional toys and confectionery, has raised about $13 million (Rs 110 crore) in its Series A funding round, it announced on Tuesday.
The investment came from a diverse group of domestic investors, high-net-worth individuals (HNIs), angel investors, and institutional investors, the company said in a statement. The funds will enable CTC to expand its manufacturing capabilities and invest in building a strong talent pool to support its growth.
“This Series A deal of Rs 110.5 crore with 13% liquidation will not only help propel our growth but also enable us to invest in the incredible talent that drives our success as we take on the new business orders received from across the globe,” said Gaurav Mirchandani, Director, Candytoy Corporate Pvt. Ltd.
“We plan to open more manufacturing units within Indore and across India, keeping in line with our Government’s ‘Make in India’ initiative,” Mirchandani added.
