India Dealbook: Dr Sheth’s, Rapawalk, FreshoKartz raise early-stage funding

Photo by Sven Scheuermeier on Unsplash

Action seems to be hotting up in the burgeoning startup ecosystem in India. While skincare products venture Dr Sheth’s and online footwear brand Rapawalk raised funding from angel investors, FreshoKartz, an e-commerce platform, has raised an undisclosed amount in seed funding.

Mumbai Angels back Dr Sheth’s

The Mumbai Angels Network has led a funding round of Rs 4 crore for skincare products company Dr Sheth’s, per an announcement. Of the total investment, Rs 3 crore was contributed by Mumbai Angels, while the remaining amount came from other investors.

Founded in 2016, Dr. Sheth’s offers a range of personal care products such as sunscreens, brightening cleansers, antioxidant moisturizers and toners, masks, eye creams and peels.

The Mumbai-based company will be using the funds to scale its operations, build brand awareness, develop a new product line and launch its offerings in international markets.

Rapawalk raises angel round

Online footwear brand Rapawalk has secured Rs 2.4 crore ($350,000) in an angel round of funding from a clutch of wealthy individuals, per a company statement.

The investors include Raveen Sastry, co-founder of Myntra; Sanjay Ramakrishnan, former marketing chief at Myntra; and Ravi Garikipati, former chief technology officer at Flipkart, among others.

Rapawalk will use the funding proceeds to hire experienced professionals, besides strengthening its business.

FreshoKartz gets seed funding

FreshoKartz, an e-commerce platform which allows users to buy products directly from farmers, has raised an undisclosed amount in its seed funding round, INC42 reported.

The funding was raised from Chennai-based investor Sunil Kumar Singhvi, along with a group of angel investors and high net-worth individuals, the report added.

The startup plans to use the capital to expand its operations in new markets. It is also looking to raise a pre-Series A round in the next few months.

Also Read:

India dealbook: Startups Swadha Energies, CivilCops raise funding

India Dealbook: Edtech startup WhiteHat Jr, cab aggregator Routematic raise funding

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.