Funding Galore: Indian Startup Funding Of The Week [November 30- December 5]
Summary
It saw participation from Titan Capital, along with other angel investors including Kunal Shah, Amrish Rau, Jitender Gupta, Allen Penn and Martin Li. Angel investors like former Google Ventures partner Daniel Burka, Twitch ex-CTO Kevin Lin, and former WeWork CTO Shiva Rajaraman among others also participated in the financing round. • Bira91: Delhi-based craft beer maker B9 Beverages, the parent company of Bira 91, has raised over $1.5 Mn (INR 11.5 Cr) in Series C funding from about 18 investors including Reddevanga Ventures LLP, Oriental Carbon and Chemicals Ltd and Vikramaditya Mohan Thapar Family Trust. • The Competition Commission of India (CCI) has approved the acquisition of Gurugram-based logistics startup Rivigo by Spring Canter Investment Ltd (SCIL) through the subscription of compulsorily convertible preference shares. • The Mumbai-based fashion house of designers and stylists Purple Style Labs has acquired Wendell Rodricks to scale the resort wear label to leverage ecommerce and its flagship stores.
Funding
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