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Lightbox is a Mumbai-based venture capital firm building consumer technology companies.

Rebel Foods

E-Commerce

Foodtech

Cloud Kitchen

Food Delivery

Rebel Foods, formerly known as Faasos, is pioneering the world's largest chain of online restaurants with over 25 own brands and a network of 4000+ restaurants across 10 countries.

Bangalore

Dunzo

Consumer Goods

Delivery

Mobile Apps

Dunzo is the leading 24x7 all-in-one delivery platform that guarantees super-quick deliveries of packages, groceries, food, and medicines within the city.

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WayCool

Agriculture

Agritech

WayCool is the largest and fastest-growing agri-commerce company in India, specializing in food development and distribution by using innovative technology.

Furlenco

Home Decor

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Furlenco is a unique furniture company that aims to provide hassle-free access to awesome furniture, with freedom of choice, access, and the ability to change furniture.

Rupeek

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Zoomin

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Rooter

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Droom

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A femtech brand disrupting the women's wellness space. We create personalised solutions, trustworthy content, and have an impactful community of 500,000+ women.

Flintobox

Education

Generico

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GreenDust

Cityflo

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Bombay Shirt Company

Amaha (formerly InnerHour)

Embibe

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HaikuJAM

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InMobi

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Smartcoin

Kotak Solar

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Magic Bus

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Info Edge

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MapmyIndia

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Agri-commerce startup WayCool Foods has raised $117 million in Series D round from new and existing investors such as LightRock, LightBox, FMO, Lightsmith, World Bank Group’s IFC, Redwood Equity Partners and Gawa Capital.

According to the Chennai-based startup, the fresh capital will be used to ramp up deep-tech automation in its quest to build the world’s most comprehensive food and agri platform. It has also chalked out plans to strengthen its footprint in western India and West Asia, a company statement said.

As part of the Series D round, WayCool raised $95 million as equity and $22 million as debt. The company has raised $46 million so far in the last three rounds.

WayCool closes $117 Mn Series D round

Agritech startup Waycool, which recently kicked off its Series D round, has received Rs 85.3 crore or $11.5 million in a fresh tranche. With this, the company has mopped up $24.5 million in the ongoing financing round.

According to Waycool’s regulatory filings, it has approved the allotment of 23,612 Series D preference shares to raise Rs 85.3 crore in which LightRock and Lightbox have invested  Rs 65.6 crore and Rs 19.7 crore respectively.

Waycool has received the fresh funds at an inflated  post money valuation of $375.3 million, as per Fintrackr’s estimates. The company was valued at around $335 million during the last tranche in October.

Following the new money, the equity of Waycool’s promoters has been diluted to 16.12% which is roughly worth $61 million at the moment.

Waycool’s valuation surpasses $375 Mn with a new funding tranche

Agritech startup Waycool has kicked off a new round as the company has raised Rs 96 crore or close to $13 million as a part of its Series D round. This is the second fundraise for the Chennai-based company this year. 

In April, it had scooped $20 million from existing investors such as Lightstone, Lightbox Ventures and Netherland-based FMO Development Bank. The company has passed a special resolution to allot 28,794 Series D preference shares at an issue price of Rs 33,174.62 to raise Rs 96 crore from LGT Group (formerly Aspada).

According to Entrackr’s sources, the company is in late-stage talks to mop up over $50 million in the Series D round from new and existing investors. “Its valuation is likely to cross $400-450 million in this round,” said one of the sources requesting anonymity.

Fintrackr’s estimates show that the company has been valued at around Rs 2,510 crore or $335 million (post-money) in the latest infusion by LGT Group. Waycool was valued at close to Rs 1,450 crore or $200 million when it raised its Series C financing round earlier this year.

Exclusive: Waycool kicks off a new round at a valuation of $335 Mn

Agritech startup Waycool has raised Rs 145 crore or close to $20 million in a fresh round from existing backers Lightstone, Lightbox Ventures and Netherland-based FMO Development Bank.

Waycool has approved the allotment of 84,407 Series C 2 preference shares at an issue price of Rs 17,180.46 per share to raise Rs 145 crore, regulatory filings show. Lightsone and Lightbox have put in Rs 61.5 crore each whereas FMO invested Rs 21.7 crore.

In February 2020, the Chennai-based startup had secured $32 million in an equity and debt funding round led by Lightbox. The company also raised $7.8 million in a debt funding round from Samunnati, RBL Bank, and venture debt firm InnoVen Capital in December 2020.

As per Fintrackr’s estimates, Waycool has reached a post-money valuation of Rs 1,400-1,450 crore or $193-199 million after the fresh capital infusion.

Exclusive: Waycool raises $20 Mn from existing backers; valuation nears $200 Mn

Chennai-based WayCool Foods and Products has raised $35 Mn (INR 250 Cr) Series C equity and debt funding round led by Mumbai-based venture capital firm Lightbox.

Netherland development finance company FMO Entrepreneurial Development Bank and venture debt firm InnoVen Capital also participated in this round, along with Waycool Foods’ existing investor Lightstone Aspada.

Farm-To-Fork Supply Chain Startup WayCool Bags $35 Mn From Lightbox, FMO

Online multi-restaurant cloud kitchen chain Rebel Foods, that owns popular brands like Faasos, OvenStory, Behrouz Biryani, Lunch Box, Mandarin Oak among other has scooped up a staggering $125 million round from several large investors.

California based capital market company Coatue Management, Goldman Sachs, and Indonesian foodtech firm GoJek along with a few others have together put in fresh funds in Rebel Foods to help the “world’s largest internet restaurant company” scale its business.

Faasos' parent picks up $125 Mn from Goldman Sachs, GoJek and others

BENGALURU: Cloud kitchen platform Rebel Foods, formerly known as Faasos, has raised Rs 110 crore in funding from existing investors Sequoia Capital India, Lightbox Ventures and Evolvence India as part of its Series-D1round, regulatory documents sourced from business intelligence platform paper.vc show.

Rebel Foods gets ₹110 cr on plate

Internet kitchen brand Faasos has received Rs 30 crore debt fund from Alteria Capital through secured, redeemable non-convertible debentures.

This development comes at a time when Faasos is negotiating a $100 million round as it looks to enter overseas markets and expand both its product range and cloud kitchen vertical in India.

While existing investor Lightbox and Sequoia Capital has already joined the ongoing round, the Pune-based startup will get new investors on board such as Sistema Asia Fund and UAE-based Evolvence.

Ahead of bigger round, Faasos picks up Rs 30 Cr debt fund from Alteria Capital

Faasos is currently raising funds at Series C stage. It has already raised three round as part of an extended Series C round in August 2018 ($15 Mn), April 2017 ($6.4 Mn) and December 2015 ($30 Mn). So far, the company has raised a total of $79.4 Mn in funding.

It counts backers such as Sistema Asia Fund, Lightbox Ventures II, Lightbox Expansion Fund, Sequoia Capital India, RuNet South Asia, and RB Investments, Evolvence India among others.

Faasos is currently expected to have valued at $200-220 Mn. The media reports also suggest that early investors are likely to either completely or partially exit in an ongoing secondary transaction.

Earlier this year reports also surfaced that Faasos is preparing to establish three kitchens in Dubai by the first quarter of 2019. It further expects to close the fiscal year 2018-19 with INR 300 Cr in net revenue. It currently has 175 cloud kitchens across 12 cities in India and receives almost 30K daily orders.

Faasos Looks To Raise $100 Mn To Enter Overseas Markets

Pune-based online food delivery startup Faasos has filled its plate with $6.4 Mn funding in an extended Series C round of funding, as per the filings made with the Registrar of Companies. The investment is led by Lightbox Ventures II, Lightbox Expansion Fund, Sequoia Capital India, RuNet South Asia, and RB Investments.

Food Delivery Startup Faasos Raises $6.4 Mn From Lightbox Ventures, Sequoia, Others

Pune-based tech focused on quick service restaurant (QSR) chain, Faasos, has raised $30 Mn (about INR 200 Cr.) in a funding round led by Russian internet-focused investment firm ru-Net, reports ET.

Existing investors including venture capital firms Sequoia Capital and Lightbox Ventures also participated in this round.

QSR Chain Faasos Raises $30 Mn From Ru Net & Existing Investors

Pune-based quick service restaurant chain Faaso's Food Services Pvt Ltd has garnered $20 million (just over Rs 120 crore) in a fresh round of funding led by Lightbox Ventures, the firm said on Monday.
Sequoia Capital, which had led a $8 million series A funding round in the firm in 2011, has also participated in the latest round. The latest funding comprises equity investment worth $16 million by Lightbox and Sequoia, while another $4 million in debt.

Sequoia-backed QSR chain Faaso’s raises $20M in funding round led by Lightbox

Reliance Retail has led a $240 million funding round in Google-backed hyperlocal delivery startup Dunzo as the largest Indian retail chain expands to the instant commerce space, a category that has made inroads in the South Asian market in recent quarters.

Reliance Retail is investing $200 million in the round for a 25.8% stake in the six-year-old startup, which operates an eponymous hyper-local delivery service in seven cities in India. The new round, a name for which was not disclosed, values the Bengaluru-based startup at $775 million. Existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also participated in the round. (Google backed Dunzo in the previous round, which was the Series E funding.)

Reliance Retail backs Dunzo in $240 million funding

Hyperlocal logistics company Dunzo has raised $12 million from new and existing investors including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada and Alteria Capital. With this, the Bengaluru-based firm has mopped up $40 million in its Series E round.

Dunzo had kicked off the round in September 2020 with a $28 million tranche led by Google and Lightstone, and Entrackr had exclusively reported on the fundraise. According to the company, it would use the fresh proceeds to focus on growth across its fastest-growing cities such as Mumbai, Chennai and Pune in the coming year.

With additional $12 Mn, Dunzo mops up $40 Mn in Series E round

Hyperlocal logistics startup Dunzo has raised $28 million in a new funding round led by Google and Lightstone. The fresh funding has come after a $45 million Series D round in October 2019 and it is the first tranche of the company’s ongoing Series E round.

While Google LLC and Lightstone have already infused $15.65 million, the remaining amount would come from five existing investors, regulatory filings show. 

This round comes at a time when competition in the hyperlocal delivery segment has intensified with Naspers-backed Swiggy launching 45-minutes grocery delivery via Instamart. The fresh capital infusion will help Dunzo to keep in the race of high capital burn segment with competitors like Swiggy, Zomato, BigBasket and Shadowfax among others.

Last month, Entrackr had exclusively reported about Dunzo’s fundraise. 

Dunzo has allotted 10,310 Series E CCPS to Google LLC and Lightstone at Rs 1,13,811.63 per share and has received Rs 117.5 crore or $15.66 million, reveals filings. Lightbox, 3 L Capital, Moving Capital, Pivot Ventures and Bhoruka Finance Corporation will collectively pump in $12.34 million in coming weeks. Formed in partnership with Aspada and LGT, LGT Lightstone Aspada is India focused impact investment platform of LGT Lightstone.

Exclusive: Dunzo kicks off Series E round with $28 Mn from Google and others

An Indian startup that is increasingly posing a threat to established food and grocery delivery businesses and e-commerce giants just closed a new financing round to expand its business in the nation.

Bangalore-based Dunzo said today it has raised $45 million from Google, Lightbox Ventures, STIC Investment and STIC Ventures, and 3L Capital in a new financing round. The round, dubbed Series D, valued the startup at about $200 million, three people familiar with the matter told TechCrunch. The startup has raised $81 million to date.

Dunzo, a four-year-old startup, operates an eponymous hyper-local delivery service. Users get access to a wide-range of items across several categories, from grocery, perishables, pet supplies and medicines to dinner from their neighborhood stores and restaurants.

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