SunnyBee, a Chennai-based farm fresh produce retailer, has raised approx $672K from a clutch of high-profile angel investors, led by personal care products major CavinKare’s founder C K Ranganathan. As per the deal, the company allotted 1,500 0.001% compulsory convertible preference shares (CCPS) at Rs 30,000 each to the investors.
The promoters of private exhibition organiser Asian Business Exhibitions and Conferences (ABEC) have acquired art monetisation portal PosterGully in a bid to tap the potential of the fast growing e-commerce space in the country. The company, which claims to have shipped out over 600K SKUs in the past three years, has currently over 5,000 artists selling their products on the platform.
Integrated commerce solution provider Iksula has acquired US-based Blisstering Solutions, a software development company. With this acquisition Iksula aims at combining its ecommerce solutions with a range of other software-based solutions provided by Blisstering, strengthening its hold over the worldwide market of retail and end to end services.
Bengaluru-based relocation service provider Pikkol has raised an undisclosed amount in a funding round led by Indian Angel Network. Pikkol, a packers and movers startup was founded in April 2015. It is a tech-centric relocation service provider where users can generate tailor-made solutions for their needs.
Read more - https://inc42.com/buzz/pikkol-funding/
Stellaris Venture Partners, an early-stage venture capital firm launched by former Helion Venture Partners executives Ritesh Banglani, Alok Goyal and Rahul Chowdhri, is in advanced talks to secure a $10 million commitment from global enterprise software giant SAP SE. As a strategy, they have been tapping large tech enterprises for their fund-raising.