Kerala based Essential logistics start-up Madden has bagged $ 2.46 Million in seed round from USA Based Venture Capital firm Foxhog Ventures Corp. looking to expand operations in Southern part of India. Madden has been operating from Poland and starting it’s operations for essential logistics from Kerala and also looking to enter into the field of Transportation and Courier Services.
Company Foxhog Ventures Corp. has filled it’s 1st quarter closer for INR 24.87 Crores to NSE, includes the investment in the field of Technology, Education, Infratech & Organic farming. USA Based VC had entered in Indian Market in March 2020 and inspite of many negative rumours by ex-employees along with the rejected and blacklisted Companies, Foxhog has been emerging as one of the finest VC Firm in India with the larger portfolio of investee Companies specially from tier 2 Cities.
While speaking with Tarun Poddar, Foxhog India Head , about the rumours and negative social media comments “ I don’t get bothered by People who are frustrated and Jobless because they have nothing to do except seeking the attention. I am really happy to know about the large base of my critics who motivates me to be a step ahead and thankful to all our Investors & Partners for their trust” he added.
Foxhog has also entered into the field of Entertainment with their Investee Company Insideyou, may compete many bigger players in the field of App based Video sharing platform. “ We are expanding many new territories and focusing investment on digital front and further we are also looking to add more banking products and services. in addition, we are planning to increase employee base & branches Across India.” Anushree Chandra, AVP Investment Banking Said. Anushree Chandra has a heavy experience of finance & Banking has Served HDFC Bank and has also been AVP at IDFC First Bank Ltd.
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