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.
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.
Delhi based Indulge Beverages, which owns and distributes premium tea and coffee brand Bonhomia, has raised $500,000 (Rs 3.3 crore) in a bridge round of funding.
TIMES OF INDA
Date of Publication: 14-June-2016
An early-stage startup usually struggles to raise funds. Founders typically have to run after multiple angel investors, spend considerable time and effort explaining the idea, and negotiate with investors on the termsheet, the formal agreement stating the terms and conditions of the investment.
Room on Call
Enablers successfully raised USD 2 million for Delhi based budget accommodation aggregator, Room on call from CASHurDRIVE (CUD).