<article>Overcart raises $3 million, SAIF part-exited Manpasand with healthy returns, and Writefine took a stake in Uniwrite.</article>

Overcart raises $3 million, SAIF part-exited Manpasand with healthy returns, and Writefine took a stake in Uniwrite.
<h3>Overcart raises $3 million</h3>
Overcart, a start-up providing returns management and liquidation services to e-commerce firms, said it has raised $3 million in Series A funding from JSW Ventures, Omidyar Network, Sattva Capital and Venture Works.
The company will use the capital to expand its operational efficiency and reach, besides investing in hardware and software innovations to diagnose, refurbish and quality check products in Delhi, Bangalore and Mumbai.
The company operates Overcart.com, a marketplace for unboxed, refurbished, pre-owned and excess stock across all electronic categories.
<h3>SAIF Partners exits Manpasand Beverages</h3>
Manpasand Beverages Pvt Ltd., maker of Mango Sip drinks, has a new investor in New Horizon Opportunities Master Fund, which bought a majority of SAIF Partners&#8217; 2.2 per cent stake for $10 million through a secondary purchase.
SAIF Partners, which invests in venture and growth companies, still holds about $93 million of stake in Manpasand. Earlier this year, it had sold shares in Just Dial Ltd.
SAIF sold the shares at Rs 595 each, regulatory filings show. SAIF had initially bought the stake in 2011, and today&#8217;s sale represents 12 times return in rupee terms.
<h3>Writefine Products takes stake in Uniwrite</h3>
Writefine Products Pvt. Ltd. (WFPL) is buying 35 per cent stake in Uniwrite Pens and Plastics Pvt Ltd, with an option to increase that to 50 per cent in 2022.
This deal will help WFPL widen its portfolio. Also, Uniwrite’s production facilities based in Umbergaon, Gujarat provides strategic advantage to WFPL, based in the same city, to quickly increase the production of pens and related accessories like pen tips and pen refills.
WFPL employs nearly 3,000 people and had a turnover of Rs 311 crore in last financial year.
Also read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/46931-46931/" target="_blank">PE/VC funding fell sharply, while overall M&amp;A deals rose in H1 ’16</a> 
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/countries/india/" target="_blank">India starts stake sale process of SUUTI to boost divestment target</a>
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Overcart raises $3 million, SAIF part-exited Manpasand with healthy returns, and Writefine took a stake in Uniwrite. 

India digest: Overcart raises $3m, SAIF part-exits Manpasand, Writefine gets Uniwrite stake

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