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Fitternity close to raising funding from Saha Fund, Exfinity, others

August 23, 2016

Online fitness discovery platform Fitternity has received commitment to raise fresh investment from existing investors women-focused Saha Fund, Exfinity Venture Partners and couple of other angel investors based out of India and Silicon Valley. It has received commitment worth under $2 million.

Read more - http://www.vccircle.com/news/technology/2016/08/22/exclusive-fitternity-close-raising-funding-saha-fund-exfinity-others

Vyome Biosciences raises INR 93cr in Series C round

August 23, 2016

Vyome Biosciences, a clinical-stage specialty biopharmaceutical company developing medicines for treating skin diseases caused by resistant microbes, has received $14 million (approx INR 93 crore) Series-C funding. The round was led by Perceptive Advisors, a New York based life sciences fund and, Romulus Capital, a Boston-based VC firm, along with participation from existing investors including Kalaari Capital, Sabre Partners and Aarin Capital. The funding will be utilized to advance the clinical development of lead product and continue to develop other proprietary products in the pre-clinical stage.

Read more - http://economictimes.indiatimes.com/articleshow/53820877.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Kelly Services, Temp Holdings launch VC fund for startups focused on HR

August 23, 2016

Recruitment firm Kelly Services India and its joint venture partner for Asia Pacific, Temp Holdings, have launched a venture capital fund for startups focused on human resources. The Temp Innovation Fund has set aside Rs 67 crore to invest in disruptive startups engaged in staffing and recruitment services in the country.

Read more - http://economictimes.indiatimes.com/articleshow/53819182.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Accel Partners eyes $500 million for fifth India fund

August 22, 2016

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

Read more - http://economictimes.indiatimes.com/articleshow/53778529.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Nykaa.com to raise INR 80 crore, aims to double sales by FY18

August 22, 2016

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.

Read more - http://economictimes.indiatimes.com/articleshow/53794920.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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