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Health food startup HealthSutra raises pre-Series A round

May 22, 2017

HealthSutra, a Hyderabad-based health food maker, has raised an undisclosed amount in pre-Series A funding from social venture fund Ankur Capital and Hyderabad Angels. Fountainhead Foods Pvt. Ltd, which runs HealthSutra, manufactures and markets packaged foods made from millets, i.e, jowar, bajra and ragi.

Read more - https://www.vccircle.com/exclusive-health-food-startup-healthsutra-raises-seed-round/

Fashion portal Yepme raises funding from Gokaldas Exports

May 22, 2017

Delhi-based VAS Data Services Pvt Ltd, which runs fashion e-commerce firm Yepme, has raised an undisclosed amount in funding from listed garment exporter Gokaldas Exports Ltd (GEX). The firm will use the funds for the operations of its UK entity, Yepme UK Plc which deals in fashion products exclusively for the international markets, mainly the US, Europe and the Middle East.

Read more - https://www.vccircle.com/fashion-portal-yepme-raises-funding-from-gokaldas-exports/

Xiaomi to back startups that enhance mobile experience, says India head Manu Jain

May 19, 2017

Chinese smartphone maker Xiaomi Inc is looking to invest in companies that can help improve mobile and software experience, and whose services can be integrated into Xiaomi phones to provide a superlative experience. The investment could range from a few million dollars to tens of millions of dollars, or even more.

Read more - https://www.vccircle.com/xiaomi-to-back-startups-that-enhance-mobile-experience-says-india-head-manu-jain/

FreeCharge raises INR 22 Crore from Jasper Infotech

May 19, 2017

Jasper Infotech, which owns and operates digital payments platform FreeCharge, has made a Rs 22-crore capital infusion in the company. FreeCharge Payment Technologies, at its Board meeting held on April 28, allotted 2.2-crore equity shares at a price of Rs 10 per share to Jasper Infotech.

Read more - http://economictimes.indiatimes.com/articleshow/58727439.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Paytm raises $1.4 billion from Softbank, valuation jumps to over $8 billion

May 19, 2017

Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of INR 9,000 crore in One 97 Communications which owns mobile payments provider Paytm. The Japanese internet and telecom conglomerate will now own about a fifth of the Noida-based company estimated to be worth $7 billion.

Read more - http://economictimes.indiatimes.com/articleshow/58733667.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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