India Dealbook: Lenskart, Kaarya, AttainU, ShoeKonnect, PlusPin raise funds

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Kedaara Capital is investing about $55 million (Rs 392 crore) in Delhi-based eyewear retailer Lenskart. Meanwhile, Kaarya Naturals, AttainU, ShoeKonnect and PlusPin have raised funding.

Kedaara Capital invests $55m in Lenskart

Homegrown private equity company Kedaara Capital is investing about $55 million (Rs 392 crore) in Delhi-based eyewear retailer Lenskart, according to the company’s filings with the Registrar of Companies. Lenskart has issued 61.4 lakh Series F cumulative convertible preference shares (CCPS) to Kedaara’s two entities at Rs 636 apiece. The financing round is expected to have valued Lenskart at $1.15 billion, The Times of India reported.

Roots Ventures backs Kaarya Naturals

Sector-agnostic venture capital firm Roots Ventures has invested an undisclosed amount in Kaarya Naturals, which retails its range of protein and health bars under the brand eighty20. The Mumbai-based startup will use the funds to expand its product range and reach through online and offline channels. Eighty20 claims to make 100 per cent natural, vegan, gluten-free, and minimally processed healthy snacks.

Former Google India head invests in AttainU

Bangalore based edtech startup AttainU has raised angel funding from a clutch of investors including former Google India head Shailesh Rao, and former Intuit India head Nikhil Rungta, per a statement. The company plans to use the funding to further strengthen faculty, development of courses, counselling teams and build a semi-automated platform to cater to the huge inbound student demand they are receiving.

WaterBridge backs ShoeKonnect

B2B footwear marketplace ShoeKonnect has raised Rs 11 crore in a pre-Series A funding round led by early-stage venture capital fund WaterBridge Ventures and existing investor Info Edge India. ShoeKonnect plans to use the capital for aggressive growth in the footwear segment. The startup claims to be growing at a rate of 25 percent month-on-month, and soon plans to enter into the B2B fashion and lifestyle space.

IAN investors inject capital in PlusPin

Hyderabad-based healthtech startupPlusPin has raised Rs 5.25 crore in a fresh financing round led by Indian Angel Network (IAN). IAN investors who participated in the round included Sanjay Jesrani, Dr Vinay Tulla, Dr Kiran Peddi, and Rajan Anandan, among others. The capital will be used to scale to key target cities, strengthen technology infrastructure, and in augmenting customer engagement and experience.