Agri-Tech

Ninjacart Bags INR 30 Cr Venture Debt From Trifecta Capital For Asset Fulfillment

Bangalore-based online grocery delivery startup Ninjacart has issued 300 debentures to Indian venture debt fund Trifecta Capital for INR 30 Cr in new funding round, according to a regulatory filing published on October 24.

Source: INC42

 

Fashion

Alia Bhatt-Backed Fashion Startup StyleCracker Raises USD 2 Mn To Expand Its Footprint

Mumbai-based personal styling platform, StyleCracker, on Thursday, announced that it has raised USD 2 Mn from US-based investor AMJ Ventures. The startup has been backed by Bollywood actor Alia Bhatt.

Source: INC42

 

E-Commerce

Accel, Shunwei Capital Lead Series A Funding In Video Commerce App SimSim

SimSim, a video commerce app founded by former Paytm, McKinsey and Foodpanda executives, has raised INR 43.49 crore (about USD 6 million) in a Series A funding round jointly led by Accel India and China-based Shunwei Capital.

Source: VCCIRCLE

 

Finance

Norwest Venture Partners Closes USD 2 Bn Fund, Its Biggest To Date

Norwest Venture Partners, a former investor in Uber and Spotify, said on Thursday it closed its largest fund to date at USD 2 billion, bringing its total capital under management to USD 9.5 billion.

Source: VCCIRCLE

 

Agri-Tech

FMO To Invest In Fresh-Produce Distributor Waycool Foods

FMO, the Netherlands’ development finance company, said on Thursday it plans to invest USD 5.2 million (INR 37.31 crore) in fresh-produce distributor Waycool Foods & Products Pvt. Ltd.

Source: VCCIRCLE

 

FinTech

Sachin Bansal Invests INR 888 Cr More In His Venture Navi Tech

Flipkart co-founder Sachin Bansal has invested an additional INR 888.5 crore into his latest venture, BAC Acquisitions, recently renamed Navi Technologies, according to filings with the Ministry of Corporate Affairs.

Source: ECONOMICTIMES