Funding Galore: Indian Startup Funding Of The Week
Summary
According to the Ministry of Corporate Affairs filings of Supermarket Grocery Supplies, B2B arm of BigBasket, accessed by Inc42, the company has received $3.5 Mn (INR 25 Cr) worth debt funding from Trifecta Capital on February 11, 2020. Furniture rental startup Furlenco has raised $2.2 Mn (INR 16 Cr) funding from its existing investor Chowdry Associates, which is Dabur family’s asset management firm. As per the ministry of corporate affairs’ filing, accessed by Inc42, New Delhi-based Chowdry Associates has bought 6,53,871 Series C5 cumulative convertible preference shares (CCPS) in Kieraya Furnishing Solutions Private limited (Furlenco). The move is looked at as being in line with the company’s aspirations to scale up fresh foods and vegetable supply business to small and medium enterprises, this is the first startup investment made Udaan. Altor, which builds IoT and AI-enabled smart helmets, plans to utilise the current round of funding to optimise the product and to establish a clear market and increase client base, across several geographic locations.