Industrial Internet of things (IoT) company Infinite Uptime has raised $5.15 million in Series B funding led by VenturEast, along with participation from Japan’s THK and existing investors Mayfield, GSR Ventures, IIML, and GiTV.
Hyderabad-based pharmaceutical company Laurus Labs has acquired Bangalore-based biotech company Richcore Lifesciences, to diversify into manufacturing of biotech drugs.
While investors have always been known to guide entrepreneurs, some money managers have learnt valuable lessons such as the ability to keep going and finding answers when there are none from start-up founders that they have worked with
Given market diversity and a whimsical regulatory framework, one must build businesses for the long term in India to build significant value, says Ventureast's Sarath Naru
This interview focuses on: The VC funding scene in India, dominant cities, the Telangana Ecosystem, Incubators and Accelerators, Investment Strategies, Rejection Rates, and Competition in the VC space
Company’s $80 million Proactive Fund II investing in startups both in India and overseas
Chennai-based Inthree Access Services was founded in 2013 by R Ramanathan, Karthik Natarajan and Narayanan on the firm belief that rural India is more than willing to buy branded white goods. The company has pioneered the concept of assisted commerce in the rural space. “Rural India is not a dark hole, as urban Indians think. There is a huge white space in the rural markets. People don’t understand that the rural customers are aspirational and they have disposable income to buy consumer products,” says Ramanathan, who is also the CEO of the company.
Early-stage investor Ventureast has exited its investment in Hyderabad-based women-focussed content startup Incnut Digital Pvt. Ltd by selling its stake to Tokyo-headquartered consumer internet company istyle Inc. istyle has picked up an undisclosed minority stake in Incnut, which runs online beauty and wellness community StyleCraze and parenting network MomJunction, in a secondary transaction worth Rs 25 crore (around $3.4 million at current exchange rates), said Sateesh Andra, managing director of venture capital firm Endiya Partners.
Kissht will use this funding to penetrate its business further into both offline and online merchants, and deeper across categories, and further enhance its data and analytics capabilities
Flipkart founder Sachin Bansal has invested Rs 50 crore in a consumer lending startup Kissht. The investment has been made through Bansal and Ankit Agarwal’s investment firm BAC Acquisitions in the form of debt funding.
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