The deal will give Spencer’s access to 36 Nature’s Basket stores in prime locations of Mumbai, Pune and Bengaluru.
Japanese investors Dream incubator and Akatsuki Entertainment Technology (AET) Fund, and existing investors Blume Venture, and Chiratae Ventures also
Darshan Patel, who sold Paras Pharma in 2006, has made a come back with Vini Cosmetics, while Crompton Greaves's Gautam Thapar is looking to re-enter
After getting more than 10,000 travellers on board, the Chennai-based start-up will use “a major chunk of this fund" for brand building.
Dailyhunt has already raised Rs 36.9 crore in an earlier Series E2 funding round from Singapore-based venture capital firm LightVC.
The investments will be used for developing the mobile app further and expanding the team.
Pratilipi raised $4.3 million in a Series A round led by Omidyar Network in February last year.
The company claims to have raised $10 million in funding so far.
A major chunk of Manch’s seed round will be used towards building technology, product team and acquiring users.
Qualcomm Ventures, that has backed startups such as Portea Medical, Ninjacart and YourStory, set up a $100-million AI fund in November.
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