Where ‘Make in India’ initiative by the government has undoubtedly encouraged potential start-ups to come up with their unique business ideas, crowdfunding has given some of them a reason to taste success.
Nykaa had raised US$ 3.2 million in its first round of funding in June 2014 from a consortium of influential Indian investors. While with the Series B Fund, it’s expected to support its eCommerce growth, launching private label and strengthening marketing
Serial entrepreneurs Subrata Mitra, Larry Braitman, Founder of Flycast & Adify, Venk Krishnan Founder and CEO of Nuware Technologies and others participated in the Pre Series A round of funding raised by online health and wellness start-up CureJoy.
Aims to scale-up the team, technology and operations in newer cities, beauty start-up Belita Retail Pvt Ltd, which runs an on-demands home beauty services marketplace Belita has raised Rs 2.5 crore in angel funding.
Uber Health Tech Pvt Ltd, a start-up that builds social wellness apps for corporate staffers under the brand Zoojoo.be has raised funds to strengthen its team with experts in the area of behavioural science and product development.