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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

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

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