The burgeoning startup ecosystem is abuzz with action. RP-SG Ventures, a fund sponsored by the RP-Sanjiv Goenka Group invested in mCaffeine, while Artha Venture Fund has led a Rs 1.85 crore ($270,000) seed funding round in Jadooz Media Solutions. Educational networking portal LetzConnect, too, has raised a pre-Series A funding round to facilitate its expansion plans. In a separate development, online automobile marketplace Droom invested Rs 50 crore ($7.25 million) to expand its operations and set up an artificial intelligence (AI) lab.
RP-SG Ventures leads $2m investment in mCaffeine
Early-stage venture capital fund RP-SG Ventures has led a $2 million investment in mCaffeine, a caffeine-infused skin and hair care brand, according to an announcement.