Anant Goel’s Handpickd raises fresh funds

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Startup

  • Name: Handpickd (previously Sorted)
  • Founders:
    • Anant Goel
    • Nitin Gupta
    • Sahil Madan
  • Business Model: B2B2C (delivering fresh fruits and vegetables through a tech-enabled supply chain)

Funding Round

  • Series: Extended Seed Round
  • Amount Raised: ₹21.7 crore (approximately $2.5 million)
  • Date of Filing: March 2025

Investors

  1. Lead Investor:

    • Nitin Gupta (Partner at GG Enterprises and Genesia Ventures)
    • Amount: ₹6.48 crore
    • Amount: ₹6 crore (by Genesia Ventures)
  2. Other Investors:
    • BEENEXT – ₹2.16 crore
    • Sunrise Sunset Family Office – ₹2 crore
    • Infinyte Club Angel Fund
    • Eximius Ventures
    • Stargazer Ventures
    • Ankit Agarwal

Fundraise Details

  • CCPS Issued: 10,547 Series Seed B CCPS
  • Issue Price: ₹20,566 per CCPS
  • Initial Amount Received: ₹10.16 crore

Valuation

  • Estimated Valuation: ₹300 crore (approximately $35 million)

Previous Funding

  • Total Raised So Far: Approximately $9 million
  • Previous Investors: BEENEXT, Blume Ventures, Kunal Bahl, Rohit Kumar Bansal

Performance Metrics

  • FY24 Operating Revenue: ₹17.5 crore (up from ₹7.4 crore in FY23)
  • FY24 Losses: ₹2.1 crore (flat compared to previous year)

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2025-06-04 10:36:27