Finnovate, The Func. Lab, The Capitalist Ventures Raise Fresh Capital

Financial planning platform Finnovate Financial Services has secured approximately $2 million in a pre-Series A round from angel investors led by Ramakant Deshpande and others. The funding follows the company’s successful $1 million raise in 2023 and will be used to scale operations, strengthen technology infrastructure, expand marketing efforts and accelerate business development.

Founded by Nehal Mota and Naveen Singh, Finnovate recently received its Portfolio Management Services (PMS) license and is preparing to launch a Multi Asset PMS Strategy aimed at helping investors achieve long-term wealth creation through diversified asset allocation.

Meanwhile, Mumbai-based nutrition startup The Func. Lab has raised $1.5 million in seed funding from a marquee group of investors, including Nisaba Godrej, Anand Piramal, Abhishek Nayar, Bhakti Modi, Harsh Parekh and Sahil Vora. Founded by Sohrab Khushrushahi, Sahil Kukreja and Daneesh Davar, the company offers clean-label nutrition products spanning hydration, protein and wellness categories. The fresh capital will support product innovation, distribution expansion, supply chain strengthening and growth across digital and retail channels as the brand targets leadership in India’s hydration market.

Hyderabad-based The Capitalist Ventures Pvt. Ltd. has also announced the closure of a ₹10 crore seed round from angel investors. Founded by Satyaram Nadimpalli, the company operates The Plug, a sneaker and streetwear platform and The Capitalist Concierge, a luxury concierge service catering to affluent consumers.

The investment will be used to expand its luxury portfolio, strengthen customer acquisition initiatives and enhance operational capabilities as it scales its access-driven luxury ecosystem in India and key global markets.