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IDEACHAKKI

Food tech startup IdeaChakki raises funding from Ratan Tata

Food tech startup IdeaChakki has raised an undisclosed amount of funding from leading industrialist Ratan Tata. The city-based startup, which provides digital video menu for restaurants and allows customers to gift food and beverage experience across the world, has also partnered with investment bank Enablers for their next round of funding. The funding will be utilized for expansion into new geography, along with building the in-house team and strengthening the technology.

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Enablers facilitates funding for ExtraCarbon

Enablers successfully raised a seed round for waste management firm ExtraCarbon from Brand Capital, ValPro Capital and an HNI

Founded in 2013 Extra Carbon collects recyclable waste from homes and commercial places, and sends the material to recyclers. It also buys second-hand furniture and household items. In order to encourage more and more people to pass on their garbage or old furniture and other household items to ExtraCarbon, the company gives customers either cash or reward points that they can accumulate on extracarbon.com dashboard.

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Book Launch

VCs are from Venus, Entrepreneurs are from Mars by Shubhankar Bhattacharya, Investment Professional at KAE Capital

The book, released on the Juggernaut app, captures the basic understanding of the relationship between entrepreneurs and VCs who need each other to complete the purpose of their existence.

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Overcart

Overcart raises USD 3 mn from JSW Ventures, Omidyar, others

Overcart, a startup providing returns management and liquidation services to e-commerce firms has raised USD 3 million (about Rs 20 crore) from JSW Ventures, Omidyar Network, Sattva Capital and Venture Works. The funding will be utilized to invest in hardware and software innovations to diagnose, refurbish and quality check products across more categories and locations.

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India Infoline

How investments and funding are drying up in the industry

Date of Publication: 21-June-2016

The sector requires filtration at various stages of funding to judge and filter out non-visionary start-up ideas. It is also an opportunity to let Darwin’s old theory of “survival of the fittest” play out.

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