Consumer goods brand Mosaic Wellness announced that it has raised USD 10 Mn in its maiden funding round led by SAIF Partners, Sequoia Capital, and Matrix Partners. As a part of the deal, Mukul Arora from SAIF Partners, GV Ravishankar from Sequoia and Avnish Bajaj from Matri will join Mosaic Wellness as the board of directors.
Just Herbs Raises USD 1.5 Mn From Roots Venture To Expand Product Offerings
Chandigarh-based luxury ayurvedic beauty startup Just Herbs, on Monday (November 25), announced that it has raised USD 1.5 Mn in Pre-Series A funding led by early-stage and growth-focused VC firm Roots Ventures. The financing round was advised by Gurugram-based wealth management and investment banking firm Client Associates.
Shuttl Gets USD 18 Mn Series C Boost From SPARX, Toyota Tsusho
Gurugram-based bus aggregator startup Shuttl on Monday announced that it has raised USD 18 Mn in Series C funding. The company said that the investment has come in from SPARX Group Co. Ltd. (through its Mirai Creation Fund II) and Toyota Tsusho Corporation.
Uber has put its India food delivery business on the block again with an asking price of around USD 500 million with Zomato emerging as the frontrunner, according to three sources directly briefed on the matter. The final deal size for UberEats may change but the current round of negotiations involves a stock deal for the business and Uber may also invest in the Gurgaon-based online food delivery and restaurant discovery platform's ongoing USD 500-600 million round.