Indian consumer goods company Marico has acquired 45% stake in men’s grooming brand Beardo. With this acquisition, Marico is set to strengthen its portfolio and stake in the men’s grooming market currently worth INR 3,200 Crores.
New Delhi-based PML Solutions Pvt Ltd, which runs on-demand dry cleaning and laundry services provider PickMyLaundry, has acquired subscription-based laundry and dry cleaning startup OneClickWash for an undisclosed amount in an all-cash deal. The acquisition will help PickMyLaundry to leverage OneClickWash’s laundry processing unit and tech infrastructure, as well as an experienced team, to improve service efficiency.
Indian Angel Network (IAN) has made an undisclosed investment in Gurgaon-based FarMart, a renting platform for farm equipment. Through its technology-enabled platform, FarMart helps farmers rent their underutilised agricultural machinery to small and marginal farmers in need of it on a pay-per-use basis via a mobile app and call centre.