Emerging Entrepreneurs

TRACKING DEALS: Wholesalebox raises ₹15 crore

| Updated on September 03, 2018

Wholesalebox, which is working to digitise and curate the supply chain in the lifestyle and fasion space through its B2B platform, has raised ₹15 crore across two rounds, led by Orios Venture Partners. Other investors, including Contrarian Drishti Partners adn Rajasthan Venture Capital Fund participated in the funding. The company will use the money to expand its footprint, streamline the supply chain and bring on board manufacturing and offline-store partners on to its platform.

Capital Float buys Walnut

Capital Float, a digital finance company that provides unsecured business loans, has bought Pune-based Walnut (Thumbworks Technologies) for about ₹210 crore ($30 million). Walnut offers a personal finance management app that helps users to track spends, check bank and credit card balances, bill payments and split expenses within a group.

University Living gets pre-Series A

Delhi-based University Living, a global student housing marketplace, has raised an undisclosed amount in pre-Series A funding in a round led by Indian Angel Network and LetsVenture. The company plans to use the money to improve technology, expand the market, grow the team and build a pipeline of projects for supply in the Indian sub-continent and the Asia Pacific region. With more students studying away from home than earlier, demand for accommodation near reputed universities is increasing. Students now want plug and play accommodation in convenient locations. University Living is a global provider of student accommodation with 500,000 beds in more than 4,500 verified properties across 110 cities in the UK, US, Europe, Australia, Singapore and UAE.

Cygni receives ₹45-cr funding

Cygni Energy Pvt Ltd, a solar-DC solutions company, has raised about ₹45 crore ($6.4 million) through a combination of equity and debt. The equity funding is led by Endiya Partners, an early-stage venture capital firm that invests in the products space, and the debt portion by IndusInd Bank. Cygni will use the money to expand capacity, strengthen R&D and increase market reach. The Hyderabad-based company makes solar controllers. It had raised initial funding in 2014. It had also received a grant from the Millennium Alliance for developing solar-DC microgrid systems. Cygni has installed its products in more than 20,000 homes.

Sequoia India closes sixth fund

Sequoia India has closed its sixth fund at $695 million (₹4,850 crore). It will use the money to invest in early- and growth-stage companies in technology, consumer and healthcare sectors across India and South East Asia.

Angel funding for HoloSuit

HoloSuit Pte Ltd, a tech start-up has raised an undisclosed amount of funding from three investors – Shabir Momin, MD & CTO, Zenga TV; Rohit Nanda, Singapore-based infrastructure sector focussed equity investor; and, Mohammed Sirajuddin, co-founders, Creators Gurukul and partner at Catapooolt. HoloSuit is an AR/VR based full body analytics platform that acts as a virtual trainer for your body.

Bombay Shaving Co in Series A

Bombay Shaving Company, an online men's grooming brand, has raised an undisclosed amount in a Series A round from a clutch of investors, including ColgatePalmolive Asia Pacific Ltd, and existing investors Fireside Ventures. ColgatePalmolive has picked up a minority stake in the venture that was founded in 2016.

Rainmatter invests in Sensibull

Discount broking firm Zerodha has invested ₹2.5 crore in Sensibull, an options trading platform. Zerodha made this investment through Rainmatter, which incubates innovative fintech start-ups. Our Bureau

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Published on September 03, 2018
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