Mobius invests in start-up

Investment guru Mark Mobius has invested an undisclosed sum as angel capital in Mumbai-based engineering start-up Entropy Innovations. Venture capital firm, ah! Ventures and AdvantEdge Incubator also participated in the fund-raising, Entropy Innovations said.

The deal was advised and syndicated by ah! Ventures and led to closure on its private equity investment platform, CLUBah.com. Founded in 2013 by IIT and IIM alumni, Entropy Innovations has manufactured an automatic motorcycle wash machine - 'Express Bike Wash'.