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
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.
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.
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.
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.