Mindtree Founders To Start USD 120 Mn Fund For Early Stage Startups
After their exit from the IT consultancy firm Mindtree, following the takeover by Larsen and Toubro, the three founders — Krishnakumar Natarajan, NS Parthasarathy, and Rostow Ravanan — have decided to start their own USD 120 Mn fund to invest in tech startups.
Business-to-business agri-marketing platform Ninjacart, which had received a big-ticket investment from Tiger Global earlier this year, has raised fresh capital in venture debt funding. Ninjacart has raised INR 30 crore (USD 4.17 million) from venture debt firm Trifecta Capital, according to the company's filings with the Ministry of Corporate Affairs.
Jumbotail Technologies Pvt. Ltd, which runs an online marketplace for food and groceries targeted at wholesale buyers, has raised INR 14.2 crore (about USD 2 million) from existing investor Nexus Venture Partners.