Comments
InnoNano raises ₹120 crore
InnoNano Research, an IIT Madras incubated clean water technology company, has raised about ₹120 crore ($18 million) from the US-based NanoHoldings, an energy and water investment specialist firm. InnoNano will use the money to expand its global footprint and file for patents. It will set up a manufacturing facility, a research laboratory and technology delivery offices in North America, Asia and Africa.
Unbxd gets Series B funding
Bengaluru-based Unbxd, a provider of e-commerce product discovery software, has raised an undisclosed amount in Series B funding. This round was led by entities advised and managed by Nirvana Venture Advisors, and existing investors IDG Ventures, Inventus Capital and Indian Angel Network. Unbxd will use the money to grow faster and scale the product.
₹475-cr funding for IDFC Alter
The real estate arm of IDFC Alternatives has raised ₹475 crore for its third real estate fund – the IDFC SCORE Fund. It targets to raise up to ₹750 crore. A significant portion of the capital has been raised from its existing investors. The fund will predominantly invest in approved residential projects in Mumbai, National Capital Region, Bengaluru, Chennai, Hyderabad, Pune and Kolkata.
Titan to buy stake in CaratLane
Titan Co Ltd, India’s largest maker of branded watches and jewellery, will acquire a majority stake in Chennai-based online jewellery retailer Carat Lane Trading Pvt Ltd. The companies did not disclose the deal size or the stake that Titan, which is a brick and mortar retailer, will pick up.
Matrix Partners, Accel invest in Zarget
Matrix Partners India and Accel Partners have invested a $1.5 million first institutional round of funding in Zarget, a SaaS-based conversion rate optimisation company. Angel investors such as Girish Mathrubootham, Chief Executive Officer of Freshdesk, also participated in this round.
Locus raises $2.75 million
Logistics management platform Locus has raised $2.75 million in Series A funding led by Exfinity Venture Partners with participation from Blume Ventures, BeeNext and Rajesh Ranavat, Managing Director, Fung Capital. Our Bureau
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.