Oravel raises fresh funding
Delhi-based Oravel Stays, which runs short-stay accommodation portal Oravel.com, has received an undisclosed amount in funding from Lightspeed Venture Partners, according to media reports, citing Oravel's founder and chief executive officer, Ritesh Agarwal. This comes a year after the firm secured funding from start-up accelerator Venture Nursery, Everest Flavours' Managing Director and angel investor, Anand Ladsariya, and Nirvana Venture Advisors co-founder, Amit Patni.
Hello Curry raises Rs 3 crore
Red Sprout Foods, a Hyderabad-based start-up that operates quick-service restaurant business under the Hello Curry brand, has raised Rs 3 crore from SRI Capital, a Rs 100-crore seed-stage venture fund founded by Sashi Reddi, founder and former chief executive officer of independent software testing firm AppLabs.
IntelleGrow raises $4.5 mn
Mumbai-based IntelleGrow, a financial services company that provides customised debt to small businesses, has raised $4.5 million (Rs 28 crore) in a new round of funding, led by impact investor Omidyar Network. Old investor Michael & Susan Dell Foundation also participated in the round. Omidyar Network is investing $4.04 million (Rs 25 crore), while the rest came from Dell.
Ventureast invests in Polygenta
Polygenta Technologies, which makes polyester filament yarn made with recycled polyethylene terephthalate, has raised up to Rs 14.25 crore ($2.29 million) from Ventureast Life Fund III, a fund managed by Ventureast Fund Advisors.
Compiled by Ranju Sarkar. If you wish to share a news release, email at bsreporter@bsmail.in
Delhi-based Oravel Stays, which runs short-stay accommodation portal Oravel.com, has received an undisclosed amount in funding from Lightspeed Venture Partners, according to media reports, citing Oravel's founder and chief executive officer, Ritesh Agarwal. This comes a year after the firm secured funding from start-up accelerator Venture Nursery, Everest Flavours' Managing Director and angel investor, Anand Ladsariya, and Nirvana Venture Advisors co-founder, Amit Patni.
Hello Curry raises Rs 3 crore
Red Sprout Foods, a Hyderabad-based start-up that operates quick-service restaurant business under the Hello Curry brand, has raised Rs 3 crore from SRI Capital, a Rs 100-crore seed-stage venture fund founded by Sashi Reddi, founder and former chief executive officer of independent software testing firm AppLabs.
IntelleGrow raises $4.5 mn
Mumbai-based IntelleGrow, a financial services company that provides customised debt to small businesses, has raised $4.5 million (Rs 28 crore) in a new round of funding, led by impact investor Omidyar Network. Old investor Michael & Susan Dell Foundation also participated in the round. Omidyar Network is investing $4.04 million (Rs 25 crore), while the rest came from Dell.
Ventureast invests in Polygenta
Polygenta Technologies, which makes polyester filament yarn made with recycled polyethylene terephthalate, has raised up to Rs 14.25 crore ($2.29 million) from Ventureast Life Fund III, a fund managed by Ventureast Fund Advisors.
Compiled by Ranju Sarkar. If you wish to share a news release, email at bsreporter@bsmail.in
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