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Link Sharing Website Reddit Is Raising Funds At a Valuation Of $1.7 Billion

Published

8 years ago

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#reddit, startup, Conde, advertising, reddit, reddit startup, start up, startup news, sustainable business model , reddit to raise funds, pegging start-up value at $1.7 billion, news, startupstories, startup stories india, startupstories 2017

American social news aggregation, web content rating and discussion website Reddit is looking to raise $150 million from various investors. This round of investment will raise the valuation of Reddit to $1.7 billion.

 Sources close to the matter told Bloomberg, under the condition of anonymity in the past recent weeks, the link sharing website and app was looking for investments. A spokeswoman for Reddit said no funding has been finalized yet and declined to comment further.

Reddit was started in 2005 by Steve Huffman and Alexis Ohanian then students of University of Virginia. They later sold the startup to magazine publisher Conde Nast after joining Silicon Valley business incubator Y Combinator. Reddit attracted a devoted audience and was the birthplace of countless memes but failed to find a sustainable business model.

In 2014, they raised $50 million from various investors led by Y Combinator’s President Sam Altman and included Joshua Kushner, Peter Thiel, and Marc Anderson along with Jared Leto and Snoop Dogg. Steve Huffman rejoined as the CEO the next year to help shift the company onto mobile portals and apps.

Reddit website is ranked as the fourth most visited site in the United States and seventh worldwide while the app has 5 million downloads.

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Funding

Phab Raises $2M Seed Funding to Expand Healthy Snacking Brand

Published

2 weeks ago

on

April 26, 2025

By

PHAB

Phab, the D2C healthy snacking brand co-founded by Ankit Chona of ice cream brand Hocco and his wife Gayatri Chona, has raised $2 million (around ₹17 crore) in a seed funding round led by OTP Ventures, with participation from Capri Global, Sim&San law firm, and angel investors.

Founded in 2018, phab offers protein bars and healthy milkshakes, leveraging Ankit’s decade-long food industry experience and Gayatri’s expertise as a certified nutritionist. The brand has sold over 2 million units and sells through e-commerce and quick commerce platforms like Amazon, Flipkart, Zepto, and Blinkit.

Despite a 12% dip in operating revenue to ₹5 crore in FY24, phab trimmed its net loss by nearly 3% to ₹6.8 crore, showing improved efficiency.

The new funds will be used to expand the team, invest in production capacity, and grow phab’s presence across digital, quick commerce, and offline channels. The brand competes with Yoga Bar, Beyond Snack, and The Whole Truth in India’s growing $68 billion healthy snacking market. OTP Ventures’ founding partner Suhail Sameer praised phab’s bold, differentiated approach and the founders’ vision, signaling strong investor confidence in the brand’s growth potential.

 

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Funding

Eat Better Secures ₹17 Crore in Pre-Series A Funding

Published

1 month ago

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April 8, 2025

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Eat Better Secures ₹17 Crore in Pre-Series A Funding,Startup News,Startup Stories 2025,Startup Stories India,Funding,Eat Better,Eat Better News,Eat Better Latest News,Eat Better Bags Inr 17 Cr In Pre-series A Funding,Eat Better Bags Inr 17 Cr,Eat Better Secures ₹17 Crore,Vidushi Kanoria,Mridula Kanoria,Shaurya Kanoria,Dry Fruit Ladoos,Nuts,Eat Better Co,D2C Snacking Brand Eat Better,Eat Better India,Snacks,Healthy Snacks,Prath Ventures,Spring Marketing Capital,Pre-Series A Funding,Eat Better Product,D2C snacking brand,Marketing,Startup Stories News,D2C Snacking Brand Eat Better Bags INR 17 Cr From Prath Ventures,News,D2C,Investment,Startup Latest News,Retail,Growth,India,Startup Story,Startup By Doc

Eat Better, a Jaipur-based D2C snacking brand, has raised ₹17 crore in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital. Founded by Vidushi Kanoria, Mridula Kanoria, and Shaurya Kanoria in 2020, Eat Better specializes in healthy snacks like dry fruit ladoos and nuts.

Key Highlights:

  • Investment Use: Funds will expand Eat Better’s product line and enhance its presence on quick commerce platforms.
  • Market Position: Competes with brands like Happilo and Yoga Bar in the healthy snacking space.
  • Operational Milestones: Fulfills over 2 lakh orders monthly.
  • Financial Performance: Revenue grew nearly threefold to ₹14.47 crore in FY24, with a reduced net loss.

Market Opportunity:

The Indian food and beverages market is projected to reach $68 billion by 2030, positioning Eat Better favorably to capitalize on the demand for healthy snacks. With this funding, Eat Better aims to strengthen its market presence and product offerings.

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Funding

Outzidr Raises ₹30 Crore to Transform Gen Z Fashion

Published

1 month ago

on

April 8, 2025

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Outzidr Raises ₹30 Crore to Transform Gen Z Fashion,Startup News,Startup Stories 2025,Startup Stories India,Tech,Gen Z,Gen Z Fashion,Outzidr Raises ₹30 Crore,Outzidr Raises INR 30 Cr,Gen Z Fashion Brand Outzidr,Gen Z Fashion Brand,GenZ Women's Fashion Brand Outzidr Raises ₹30 Crore,Outzidr Raises ₹30 Cr to Power Gen Z Fashion Playm,Gen Z Fashion Brand Outzidr Raises ₹30 Cr in Seed Round,Fashion,Bengaluru,D2C fashion startup Outzidr,Nirmal Jain,Mani Kant Mani,Justin Mario,Ramakant Sharma,Livspace,Invest,Ghazal Alagh,Mamaearth,Outfits,Brands,Outzidr,Funding,Fashion brand,Outzidr Funding,Women's Fashion Brand,Gen Z Fashion Play,Outzidr News,Outzidr Latest News,Fashion News,Gen Z-focused fashion brand Outzidr

Bengaluru-based D2C fashion startup Outzidr, co-founded by Nirmal Jain, Mani Kant Mani, and Justin Mario, has secured ₹30 crore in seed funding led by Stellaris Venture Partners, with participation from angel investors like Ramakant Sharma (Livspace) and Ghazal Alagh (Mamaearth).

Launched in February 2025, Outzidr targets Gen Z women aged 17–27 with affordable occasion-specific apparel such as partywear and travel outfits. The brand introduces over 2,000 new designs monthly and uses a “test-and-react” model to scale popular styles based on early sales data. With an agile inventory cycle of less than three weeks, it plans to shift 90% of manufacturing to India within two years for sustainability.

The funds will bolster supply chain efficiency, technology development, team expansion, and brand-building. Outzidr aims to achieve ₹100 crore annualized revenue within 6–8 months through its D2C platform and marketplaces like Myntra, Nykaa Fashion, and AJIO.

Led by industry veterans with expertise in fashion and logistics, Outzidr is poised to capitalize on India’s growing D2C market fueled by Gen Z’s demand for trendy and affordable fashion.

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