DSG Consumer Partners Has Closed its Second Fund at $35M
DSG Consumer Partners (DSGCP), an investment company, focused on identifying, selecting and investing exclusively in early-stage consumer businesses in India and South East Asia, has closed its second fund at $35 million.
This round saw participation from Verlinvest, the Belgium-based investment holding company created by the founding families of Anheuser-Busch InBev, and has targeted a corpus of $40 million, with its hard cap at $50 million.
The consumer-focused investment firm was an early investor in online hotel aggregator OYO Rooms, mobile point-of-sale payment services provider MSwipe Technologies and tea retail chain Chai Point. Read More.
Cloud Video Production Company 90 Seconds Bags Fund from Sequoia Capital India
Sequoia India has led a $7.5 million Series A funding round in New Zealand-headquartered cloud video production platform 90 Seconds. The round also saw participation from SKY TV NZ, Airtree Ventures, Beenext and Fotolia founder Oleg Tscheltzoff.
The six-year-old company, which eyes India as its key growth market, aims to use the funds to accelerate its global expansion plans.
Founded by Tim Norton, the 90 Seconds marketplace enables discovery of more than 5,000 video creative professionals in over 70 countries across 40 categories including videographers, directors, editors, producers, animators, drone operators, photographers and many more. It has worked with more than 1000 brands including Barclays, PayPal, Visa, Sony, Microsoft to produce video content; and produced over 10,000 videos till date. Read More.
FinTech Startup LenDen Club Raises Seed Investment
Mumbai-based LenDen Club, an online peer-to-peer lending platform, has raised undisclosed seed round of funding through Venture Catalyst, India’s first seed investment and innovation platform. The round saw participation from Anirudh Damani, Daud Ali, Narendra Karnavat, Vikas Kapoor, Vikram Lakhotia, Krishna Jhunjhunwaala and Jayesh Shah.
The freshly raised capital will be used towards strengthening the technology and increase the reach of users.
LenDen was founded in 2014 by Bhavin Patel and Dipesh Karki. At LenDen Club, the bank depositor directly becomes lender to borrowers. The transaction takes place without any bank interventions. Removing large institutions like bank, saves huge money for the borrower and increases earnings for the lender. Read More
PriceRaja Secures Rs 2 Crore from Prashant Puri, CEO, Adlift
Product & price comparison and deal aggregation platform PriceRaja, has announced that it has raised an additional funding of Rs 2 crore from Prashant Puri, CEO, Adlift. The capital will be used for its expansion.
The Gurgaon-based company claims that currently it receives three million visits and about 12 million page views per month and now it is planning to increase these numbers by setting its target of 10 million visits per month. Read More.