COUNTRY DELIGHT FUNDING

Cars24's latest funding round includes a $100 million debt component that has been sourced from investors like the Commercial Bank of Dubai and IFM Investors in Australia.

Serum Life Sciences is wholly-owned by the Poonawalla family, owners of the Adar Poonawalla-led Serum Institute of India, and the proposed research facility will focus on vaccinology, the university said on Wednesday.

Existing investors Lightspeed and Accel India also participated in this round, post which the startup is now valued at $350 million. The startup will use the new funds to launch more products and scale monthly disbursements through its Uni cards.

Unnati has served more than three lakh farmers through its network of 20000 uStore network. It has been digitising agri-input retailers, traders and other ecosystem players.

The fund has invested in ixigo, Good Glamm Group (MyGlamm), API Holdings (PharmEasy), and Meesho, in line with its strategy to back growth to late-stage category-leading tech companies

"With the current reset in the global supply chain and clear headed and committed leadership in India, I see opportunities galore in India for all investors and industry stakeholders,” Sitharaman said during her address to global business leaders and investors at a roundtable organised here by industry chamber FICCI and the US-India Strategic Partnership Forum in New York on Saturday.

The second fund includes a target corpus of Rs 1,000 crore and a green shoe option of Rs 800 crore, said Vinod Murali, founder and managing partner of Alteria Capital.

The round comes less than six months after Leap raised its Series B funding, which was led by Jungle Ventures, bringing the total equity capital raised by the startup to date to over $75 million.

India wastes more than 40% of the food it produces, hurting both farmers and consumers. A foodtech firm is attempting to change that using dehydration.

The Mumbai-based firm has entered into an agreement with Enso and Human Vaccine LLC , a wholly owned unit of the management company of RDIF to manufacture and supply Sputnik V, Sputnik Light vaccine against COVID-19, Wockhardt said in a regulatory filing.

Miko creates personal robots which are used as companion robots for children. The company witnessed a three-times increase in use over the pandemic and now has a user base across over 140 countries.

Krishify, a Gurugram-based agritech startup, will use the fresh capital to expand its user base—currently at 3.5 million—and clock a monthly growth rate of 30% by creating robust monetisation channels.

D2C brand to go deeper in offline market, acquire personal care brands.

As per the agreement between RDIF and SII, the parties intend to produce over 300 million doses of the vaccine in India per year.

The three-year grant will fund research to develop the platform technologies for mRNA vaccine development including for the new variants of Covid virus.

Mumbai-based Orios is also expected to hit the market soon for raising a $80-$100 million third fund, founder and managing partner Rehan Yar Khan says.

Investing in smallcap companies can be riskier than largecaps and, therefore, Wanger advises investors to perform a careful research before trying to spot established firms with an able management that have proven their abilities over time.

BlissClub will use the funds to grow the team, for product development and marketing

Mutual fund data shows a higher allocation happens in funds that have the best last one-year performance. What do you think these investors are doing? Chasing recent outcomes or process?

A quick look at this week's most important investments in the tech and startup space.

Bengaluru-based Country Delight delivers food essentials like milk, bread, ghee, and paneer to customer doorsteps.

The company will use the proceeds to expand operations across the country and add product lines. Currently, Country Delight operates in NCR and Pune through its home subscription model.