Jean Claude Biguine Salons India Raises ₹40 Crore for Expansion
Jean Claude Biguine - Salon & Spa Salons India (JCB Salons India) has raised ₹40 crore (about $4.8 million) from BlackSoil to support its strategic expansion and improve operational efficiencies.
- About JCB Salons India: Founded in 2006, JCB operates 18 salons across Mumbai, Pune, and Bengaluru, serving around 1,500 customers per month. The company reported a revenue increase from ₹34.63 crore in FY22 to ₹50.66 crore in FY23 and turned profitable with ₹1 crore.
- Expansion Plans: JCB will acquire Spalon, a salon brand with 27 branches in Southern India, enhancing its presence in West and South India.
Palette Brands Raises $2M to Launch New Cookware Brand
Palette Brands (formerly White Inc) has raised close to $2 million in a pre-Series A round led by Rockstud Capital. The funds will be used to launch Ember, a non-toxic, non-stick cookware brand.
- About Palette Brands: Founded in 2022, the company focuses on innovative consumer goods, including drinkware and Apple accessories. The launch of Ember aims to meet the demand for healthier, high-quality kitchen upgrades.
Finsall Resources Secures ₹15 Crore to Scale Insurance Premium Financing
Finsall Resources, an insurance premium financing startup, raised ₹15 crore in a bridge round led by Unicorn India Ventures. The funds will support the establishment of an NBFC, enhance technology, and expand partnerships.
- About Finsall: Founded to make insurance premium financing accessible, Finsall has achieved a 9X revenue increase and serves customers across 8,000 locations in India.
Qiro Finance Secures $1.2M to Revolutionize DeFi Credit Solutions
Singapore-based Qiro Finance has raised $1.2 million in a pre-seed round led by Alliance. The funds will be used to develop its decentralized credit protocol targeting emerging markets.
- About Qiro Finance: Qiro aims to bridge the credit gap in emerging markets by connecting asset originators with global investors using DeFi and blockchain technology.
CredAble Secures INR 30 Crore from SIDBI to Empower MSMEs
CredAble, a Mumbai-based fintech, has secured INR 30 crore (around $3.6 million) from SIDBI to support MSMEs and women-led businesses with affordable financing solutions.
- About CredAble: Founded in 2017, CredAble provides innovative credit solutions to over 350,000 businesses globally, helping them achieve growth and financial stability.
