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Torrent loads Puro Wellness with INR 250 Crore

August 22, 2016

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.

 

Read more - http://economictimes.indiatimes.com/articleshow/53804046.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Online classifieds player Quikr India raises $20 Million from Brand Capital

August 19, 2016

Online classifieds firm Quikr India Pvt Ltd has raised around INR 130 crore from Brand Capital, the private treaty arm of media company Bennett, Coleman and Co Ltd (BCCL). Brand Capital, invested Rs.130 crore in Quikr India via 143,000 fully convertible debentures at Rs.9,038 apiece and one equity share of the same price.

Read more - http://www.dealstreetasia.com/stories/quikr-raises-rs130-crore-from-bccls-private-treaty-arm-51006/

Meesho raises funds from Kashyap Deorah, Maninder Gulati, others

August 19, 2016

Bangalore-based Meesho, which provides online solutions for merchants to sell through social networking platforms as raised an undisclosed amount in an angel round from Kashyap Deorah, co-founder of HyperTrack and author of The Golden Tap, Rajul Garg, founder of Global Logic and Maninder Gulati, chief strategy officer of Oyo Rooms. The funding will be utilized for marketing and enhancing technology.

Read more - http://www.livemint.com/Companies/dcP4Lhtk0q9Ndiv2AtDCoI/Meesho-raises-funds-from-Kashyap-Deorah-Maninder-Gulati-ot.html

IoT startup Briston Technomach nears pre-Series A funding

August 19, 2016

Briston Technomach Pvt Ltd, a Delhi-based Internet of Things (IoT) startup, is in advanced talks to raise funding from a larger Gurgaon-headquartered industry peer as part of its pre-Series A round. The company plans to raise INR10 crore (nearly $1.5 million) in this round.

Read more - http://www.vccircle.com/news/technology/2016/08/18/exclusive-iot-startup-briston-technomach-nears-pre-series-funding

Scale Ventures to buy VC portfolio of early-stage investor Guerrilla Ventures

August 19, 2016

A new venture capital firm co-founded by Rathi Group scion and former CEO of NDTV’s ethnic apparel e-commerce venture, Scale Ventures, has struck a rare secondaries buyout deal in Indian venture capital space. Scale Ventures, which was floated early this year, has inked an agreement to acquire the portfolio of Delhi-based Guerrilla Ventures. The deal with Guerrilla will give it a ready portfolio to begin its operations.

Read more - http://www.vccircle.com/news/alternative-investment/2016/08/18/scale-ventures-buy-vc-portfolio-early-stage-investor

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