India Digest: IGP.com, BOHECO, EasyEcom raise funding

Photo: Mint

The latest in the deal space in India has seen Venture Catalysts invest an undisclosed amount in IPG.com, while Ratan Tata, Rajan Anandan and others have backed cannabis research startup BOHECO,  as EasyEcom has raised its first round of external funding.

Venture Catalysts backs IPG.com

Incubation platform Venture Catalysts has invested an undisclosed amount in multi-category gifting e-commerce company IPG.com.

According to a statement, Sarvesh Goel, Abhijeet Birewar, Amit Dhanki, and other angels took part in the round.

The company will use the proceeds raised in its Series A round for increasing its supply chain infrastructure and for branding.

IGP.com (formerly known as IndianGiftsPortal.com) provides curated collection of gifts, flowers, cakes & personalized products for all personal occasions & festivals. The company has offices in Mumbai, Lucknow, Noida, Jaipur and California.

Cannabis research startup BOHECO gets funding

Medical research startup Bombay Hemp Company Pvt. Ltd. (BOHECO) has received Rs 6.25 crore (almost $1 million) in seed funding, led by investors  such as chairman emeritus of Tata Sons Ratan Tata and Google India’s managing director Rajan Anandan.

The startup will primarily use the proceeds to hire scientists from India as well as abroad for further research, according to an Economic Times report.

Founded in 2013 by Sanvar Oberoi, Delzaad Deolaliwala, Avnish Pandya, Chirag Tekchandaney, Jahan Jamas, and Sumit Shah, BOHECO has partnered with the Council of Scientific and Industrial Research (CSIR). Through this tie-up, the company plans to grow cannabis and study its medicinal properties for use in the treatment of epilepsy, breast cancer and palliative care.

EasyEcom raises $150k angel funding from Bold Ventures, others

Analytics focused omni-channel solutions provider EasyEcom has raised $150k in angel round from a number of investors, it announced.

The new round was led by Ambarish Gupta, CEO of Knowlarity Communications; Aneesh Reddy, CEO of Capillary Technologies; Bold Ventures, an early stage fund; and Vona Investments, a US-based early-stage angel fund.

EasyEcom was founded in February 2014 by Punit Gupta, Jitesh Advani and Swati Jindal. The company’s omni-channel solution helps companies sell on multiple platforms through analytics.

The fundraise was syndicated by Bangalore-based investment banking firm DIA Capital Advisors from multiple investors.

“This transaction validates the fact that there is a strong interest in omni-channel technology startups. It will facilitate attractive returns on the capital employed owing to the huge surge in demand for omni-channel technologies, proven markets, and differentiated offering,” said Nishant Navin, founder and managing partner of DIA Capital Advisors.

Also Read:

India Dealbook: Content platform YourQuote, healthtech startup EasyBuyHealth raise funds

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.