The deal, which marks the largest investment in the multi-channel network (MCN) space in Asia, comes amid rising investor interest in the space.
Both deals are fairly unique according to industry trackers, who said that these segments have not attracted sizeable capital due to factors hampering distribution.
The match-making portal has signed on Citigroup Global Markets, Deutsche Bank and Kotak Mahindra Capital as investment bankers to the upcoming issue.
Mahindra Group has completed the acquisition of BabyOye, the Accel Partners and Tiger Global backed baby care products etailer that has been on the block since 2014.
The company’s existing investors—IDG Ventures India, Ventex Venture Holdings and SAIF Partners—also participated in the round.
Holachef, founded in May 2014, curates amateur and professional chefs on its platform, allowing them to sell selected signature dishes.
Deal swung Ola’s way as investors felt that the Indian company, valued at $660 million in its last round of funding, is better value for money.
According to experts, Go Fashion will be betting on women continuing to buy tops and bottom-wear separately.
The deal creates India’s 2nd homegrown & independent venture debt player after Delhi-based Trifecta Capital, which recently started raising its debut fund.
Data from research platform VCCEdge showed that the number of angel and seed deals has consistently increased from 117 in 2011 to 283 in 2014.
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