Online-to-Offline B2B platform for handicrafts Direct Create has secured an undisclosed amount of funding from Rajasthan Venture Capital Fund (RVCF).The funding will be used to build the platform and enhance user experience. It will also be used to scale up maker and designer memberships via outreach efforts.
Saama Capital, a venture capital firm that has invested in unicorns such as Paytm and Snapdeal, has made a final close for its third fund at $58 million, or about Rs 390 crore.Saama Capital will continue its focus on the seed and series A rounds as it feels smaller fund size make it easier to return capital to its investors, or limited partners (LPs).
Vehicle maintenance marketplace Nephonine Solutions Pvt Ltd, which offers its services under the brand Hoopy, has raised its angel round of funding from a clutch of wealthy individuals.Hoopy has raised about $500,000 to support its expansion plans.
D Light Design Inc, a San Francisco-based solar lighting and power products maker that also operates in India, has raised funding in a round led by Norwegian state-owned investment fund Norfund. It will use the capital to expand its operations and bring off-grid power to low-income families in Africa and Asia through its pay-as-you-go financing solutions.
Control Alt Foods Pvt Ltd, which markets healthy snacks under the brand The Green Snack Co, has raised its angel round of funding from two wealthy individuals.The funding will be primarily used to widen its distribution base.