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Finance & Funding

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Skincare brand Skininspired raises $1.5mn

The funding was led by Unilever Ventures and supported by notable angel investors such as Dr Vaidya’s co-founder Arjun Vaidya. New Delhi: Udaipur-based skincare brand Skininspired has raised $1.5 million (Rs 12.25 crore) in seed funding, a release by the company...

PC Jeweller to raise Rs 2,705 cr via warrants; promoters to infuse Rs 850 cr

Around 75 per cent of the fund will be used for repaying bank loans and the rest 25 per cent for working capital requirementsNew Delhi: PC Jeweller Ltd plans to raise up to Rs 2,705 crore by issuing warrants...

Govt may relax 45-day payment rule for MSMEs in budget

The government is considering suggestions regarding changes to Section 43B(h) of the Income Tax Act made by MSMEs during pre-budget consultationsNew Delhi: The government may relax the requirement of making payments to MSMEs within 45 days of buying goods...

Scandalous Foods targets to raise $12 million funding

Upcoming funding round will be utilised to launch Mithai (sweets) parlours and expand its product offeringsBengaluru:  Mumbai-based sweet innovation brand Scandalous Foods is targeting to raise $12 million in the coming months, following its pre-seed funding round in February...

Mode Retails aims to raise $10 million in series A funding

The funding will be used to boost production capacity, expand the product line, and strengthen its retail presence through its retail concept RamalayaBengaluru: Mode Retails Sales and Marketing Pvt. Ltd., known for its flagship brand Prabhu Shriram Incense, is...

Fabric supply chain company Fabriclore raises $1.6mn 

The funding round was led by PeerCapital, based in Bengaluru, and Regal Fabrics, based in the United Arab Emirates New Delhi: Jaipur-based tech-enabled fabric sourcing platform for fashion business Fabriclore has raised $1.6 million (Rs 13.37 cr) in funding led by PeerCapital,...

Stanley Lifestyles IPO subscribed 5.22 times on Day 2 of offer

The initial share sale will conclude on Tuesday and has a price range of Rs 351-369 per shareNew Delhi: The initial public offer of luxury furniture brand Stanley Lifestyles received 5.22 times subscription on the second day of bidding...

Zepto raises $665 million; valuation nearly triples to $3.6 billion

The funding round saw participation from new investors like Avenir, Lightspeed, and Avra, alongside existing investors Glade Brook, Nexus, and StepStone, Goodwater, and Lachy GroomNew Delhi: Quick commerce company Zepto on Friday said it has raised $665 million (about...

Palette Brands raises close to $2 million in pre-series A funding round

The funds will be allocated to launching its new cookware brand Ember, research and development and expanding the team Bengaluru: Consumer goods company Palette Brands (earlier White.Inc) has raised close to $2 million in a pre-series A round led by Rockstud...

SaaS platform Innoviti initiates 2nd close of series E round with Alumni Ventures

Additional investors will be joining in the coming weeks with the Series E round expected to close by the end of JuneBengaluru: Payments-centric retail SaaS platform Innoviti Technologies Pvt. Ltd., has initiated the second close of its ongoing series...

Lenskart raises USD 200 mn in secondary investment from Temasek, Fidelity

Lenskart has attracted close to USD 1 billion in capital over the last 18 months, making it one of the largest growth-stage financings globallyNew Delhi: Indian eyewear retailer Lenskart has raised USD 200 million in secondary investment from Temasek...

Libas secures Rs 150 cr from IAF Series 5, aims to enhance omnichannel presence

This funding round by IAF Series 5, a fund managed by ICICI Venture, is the first-ever external fund raised by LibasNew Delhi: Delhi-based fast fashion omnichannel ethnic wear brans Libas has raised Rs.150 crore from ICICI Venture fund, a...

Ice pop brand Skippi raises Rs 10 crore

The funding round was led by Hyderabad Angel Network (HAN) and Venture Catalysts (VCATs)New Delhi: Skippi, an ice pop brand, on Tuesday said it has raised Rs 10 crore in a Pre-series A funding round led by Hyderabad Angel...

WHP Jewellers secures $10 million in its first funding round

The funding will be utilised to expand its reach and innovate offerings Bengaluru: Online jewellery brand WHP Jewellers has secured $10 million in its first funding round from a Singapore-based investment firm, the company said in a press release on Wednesday....

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AbCoffee opens 50th outlet in just two years

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