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The company is looking to acquire 60-65% in online-first brands that have a revenue of Rs 10-70 crore. Former Myntra CEO and Medlife co-founder Ananth Narayanan’s brainchild, Mensa Brands, has raised USD 50 million. The funding will be a mix of equity and debt led by Falcon Edge, Accel Partners, and Norwest Venture Partners. This round also saw participation from marquee angel investors including Rahul Mehta of DST Global, Kunal Shah, Scott Shleifer of Tiger Global, Mukesh Bansal, to name a few.'Our aim is to create a technology-led 'House of Brands' that is built for the e-commerce world. We will…

The start-up will use the funds to build its core team and develop its products to achieve the appropriate market fit. Bengaluru-based start-up Convin raised Rs 2.5 Crore in a pre-seed round led by 9unicorns and Titan capital. Several marquee investors, including Kunal Shah, Abhishek Goyal, Ramakant Sharma, Sunder Nookala, and Rajesh Razdan also participated in the round. The start-up will use the funds to build its core team and develop its products to achieve the appropriate market fit.  Co-founded by Atul Shree (CTO), Bharat Patidar (COO), Ashish Santhalia (CEO), and Durgesh (CPO), in 2020 all IIT Delhi alumni, Convin…

Funds raised will be used for team expansion, strengthening the coaching academy, scaling up the tech platform, and team expansion. Y Combinator-backed Breathe Well-being has raised $1 million in a funding round led by 3one4 Capital among others. in a pre-Series A funding round led by. Marquee angel investors Sandeep Singhal, Ashish Gupta, and Stanford Angels and Entrepreneurs India also participated in this round. Y Combinator had invested earlier in the firm during 2020.The Gurugram based start-up, Breathe Well-being has an app called ‘Breathe’ that helps people avoid and reverse type-2diabates. Funds raised will be used for team expansion, strengthening…

Crejo.Fun aims to help children discover their talents and pursue their passion by providing a fun and exciting course set of extracurricular activities. Online platform for extra-curricular activities for children Crejo.Fun, raised $3 million in seed funding.  This round was led by 021 Capital, Matrix Partners India, among other marquee investors like Sujeet Kumar, Co-founder, Udaan; Kalyan Krishnamurthy, CEO, Flipkart; Sameer Nigam, Co-founder, PhonePe; Rahul Chari, Co-founder, PhonePe; Srinivas Anumolu, Founder, TutorVista; Lalit Keshre, Founder, Groww;  Prashant Purker, ex-CEO ICICI Ventures; Saikiran Krishnamurthy, Founder, xto10x; Mekin Maheshwari, ex-CPO, Flipkart; Ankit Nagori, Co-founder, Cure.Fit; Giridhar Malpani; Anil Goteti, Ex-SVP, Flipkart; and…

2,000 Zypp Electric two-wheelers will be integrated onto Battery Smart’s network and riders will have access to over 175 swap stations across the Delhi-NCR region Battery Smart, an electric vehicle battery-swapping service provider, on Tuesday said it has partnered with shared electric mobility start-up Zypp Electric for integration of the latter’s electric two-wheelers into its network.Under the partnership, 2,000 Zypp Electric two-wheelers will be integrated onto Battery Smart’s network and riders will have access to over 175 swap stations across the Delhi-NCR region, the company said in a statement.A pilot of 200 vehicles is already underway, it added.“Our partnership with…

Cuemath founder and CEO Manan Khurma said that while an IPO is 'still some time away', the company hopes to raise at least USD 100 million from new and existing investors later this year Online math learning platform Cuemath is looking to make inroads into 30 new markets in 2021-22 and is keen to go for another, bigger round of funding later this year to support its expansion and growth blueprint, according to its founder. Cuemath founder and CEO Manan Khurma said that while an IPO is 'still some time away, the company hopes to raise at least USD 100…

Dropshop is a full-stack platform for FMCG companies to digitize their last-mile distribution - sales, logistics, and credit to retailers. With this, the brands get real-time visibility into demand and supply gaps, fulfillment ratios, and drive targeted growth. Dropshop has raised INR 9.3 Cr in a Pre-Series A round led by Inflection Point Ventures, one of India’s largest angel investment platforms in India. Existing investors Axilor Ventures and The Chennai Angels also participated in the round with 42.vc joining the round via AngelList. Funds raised will be used for strengthening the product and scaling up of operations for handling more…

"I think there will be a transition to the advisory first market. We will probably have a bear market before a bull market, and the bear market will teach people why they need a financial doctor." Nithin Kamath, Founder, and CEO, Zerodha, speaks to Urvi Shrivastav, Editorial BW Businessworld about Zerodha’s journey thus far. We also learn about the latest products the platform is working on and the motivation behind them, in addition to talking about the stock market and the recent IPO frenzy.Urvi Shrivastav: Why is the Zerodha bootstrapped and never took investors on board?Nithin Kamath: We started Zerodha…

The seed fund allocated to T-Hub is sector agnostic and will focus on supporting technology startups and innovations which are Minimum Viable Product (MVP) ready and need funds for their early growth.  T-Hub, which leads India’s pioneering innovation ecosystem, today announced that it got selected under the Startup India Seed Fund Scheme by DPIIT, GOI to disburse INR 5 Cr among eligible startups with an objective to support and fuel early stage funding in startups. With an aim to provide value-driven and effective growth for the startups, T-Hub this year announced its focus on providing funding avenues for its startups and…

Chawla, who was VP of Engineering with online food delivery startup Zomato previously, will lead Classplus’ product innovations and will be focusing on scaling engineering capabilities for Classplus’ growth. Classplus, a mobile platform for educators and content creators to launch their online teaching businesses, has appointed Manish Chawla as the new CTO to bolster its next phase of growth across geographies. Chawla, who was VP of Engineering with online food delivery startup Zomato previously, will lead Classplus’ product innovations and will be focusing on scaling engineering capabilities for Classplus’ growth. He has previously led industry-first tech innovations at high growth…