Enablers successfully raised a seed round for waste management firm ExtraCarbon from Brand Capital, ValPro Capital and an HNI Founded in 2013 Extra Carbon collects recyclable waste from homes and commercial places, and sends the material to recyclers. It also buys second-hand furniture and household items. In order to encourage more and more people to pass on their garbage or old furniture and other household items to ExtraCarbon, the company gives customers either cash or reward points that they can accumulate on extracarbon.com dashboard. Read More
Accel India, which is based in Bengaluru, is expected to raise $400-500 million (Rs 2,700-3,300 crore) for its fifth fund. It will formally begin the process by October although it has initiated talks with the Limited Partners who could invest in the fund
Online beauty retailer Nykaa is in talks to raise INR 80 crore by end of this year to push growth as it aims to double sales to Rs 720 crore by 2017-18. The company is looking at diluting 10 per cent equity and expect to close the funding by December this year.
Ruchir Modi’s wellness startup Puro Wellness has raised INR 250 crore from Torrent — the holding company of Gujarat-based conglomerate Torrent Group — in its pre-revenue stage. Torrent has taken a significant stake in Puro Wellness, which aims to develop nutritional supplements that are meal replacements for salt, sugar, spice, rice and other products.