Sleepy Owl Coffee Pvt Ltd, which owns and operates the Sleepy Owl brand of cold brew coffee, has raised $500,000 (Rs.3.26 cr.) in a seed round led by Deepak Shahdadpuri-led venture capital firm DSG Consumer Partners. Proceeds from the round of investment will be used by the Delhi-based Sleepy Owl to expand production, its retail presence, marketing, as well as streamline operations across the board.
Last Week's Deals
Health and fitness platform Curefit, founded by Myntra cofounder Mukesh Bansal and former Flipkart executive Ankit Nagori, has added a couple of new backers. It secured Rs.4.18 cr. in a funding round with participation from Flipkart co-founder Binny Bansal and Myntra-Jabong CEO Ananth Narayanan.
Online lender from micro businesses Aye Finance said that it has received Rs.30 cr. debt funding from Swiss-based impact investor, BlueOrchard Finance Ltd. The funds would help the MSME lender to further diversify its lending portfolio, reaching out to the long trail of MSMEs in India.
Impact venture fund Omnivore has invested an undisclosed amount in Chandigarh based agritech startup AgNext through its second fund Omnivore partners India Fund 2. The Company aims to utilise the recent Series A round of funding for expanding product in the data analytics in agriculture space by creating a combination of both hardware and software. It further aims to open two international offices in Singapore and Canada six months from now and will further emphasise on strengthening our R&D base at IIt Kharagpur and Kolkata.
Reliance Industries Limited (RIL) has reportedly agreed to invest over $180 million into AI-based education platform, Embibe over the next three years. This will put RIL in a position to buy out around 72.69% stake from Embibe’s existing investors including Lightbox and Kalaari Capital.
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