Pharmaceutical retail chain Wellness Forever has raised Rs 20 crore from HNIs to 120 from 70 stores in the next one year.
Bigger companies like Flipkart, Snapdeal, others poach app developers from smaller firms like Namakh
Finding the right engineering talent has become a bugbear for India's startups, as heavily funded ecomm cos battle for command.
The fund-raising by IVFA,is significant also because the entire PE industry in India raised just $800 million across five fund in whole of 2014.
AppsDaily distributes apps through a retail network of 7,000 mobile stores across 700 cities to new smartphone users.
Tiger Global Management sold a 3.4% stake in Justdial for Rs 300 crore reducing its holding in one of its earliest portfolio firms in country to about 9%.
Matrix Partners India and Lightspeed Venture Partners also participated in the latest round of funding, taking the total capital to about Rs 310 cr.
“We are delighted to back Teewe to build the next generation of hardware, made intelligent with integrated software services," said Singh.
VCs like of Accel Partners India, Nexus Venture Partners & SAIF Partners pool in $1 billion for Indian start-ups
Accel, an early investor in Flipkart, on Tuesday closed a $305 million (Rs 1,900 crore) fund, nearly double the size of its previous fund raised four years ago.
A spokesperson said the latest fund-raising was done at a valuation of close to $100 million, or Rs 623 crore. ET could not independently confirm this.
Accel, best known as an early investor in Flipkart, expects to make more investments in consumer, enterprise software, mobile and healthcare sectors.
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