Startup Funding Alert -19th November 2019

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Gurugram-based Wingreen Farms raises Rs 125 crore funding from Sequoia India, responsAbility Investments AG

Wingreens Founder - Anju Srivastava
Wingreens Founder – Anju Srivastava

Gurugram-based Wingreen Farms Pvt Ltd has raised Rs 125 crore as a part of Series B financing round led by Zurich-based private equity fund responsAbility Investments Ag & with participation from existing investor Sequoia India.

 

The company currently employees over 300 women across its production facilities & stores. It has planned to utilize the fresh capital to expand backend farming and food processing model and intends to employ & empower a more extensive section of underprivileged women. Anju Srivastava & Arjun Srivastava incorporated Wingreens in 2011. The company taps the food and beverage market and offers a wide range of signature dips, spreads, sauces, pita chips, and bakery products. The company claims to have a distribution channel across 140 cities in India. 

 

Mumbai-based OneLife – Live it right raises Rs 5 crore from HNIs

OneLife founder - Gaurav Aggarwal
OneLife founder – Gaurav Aggarwal

Healthcare brand OneLife– Live it right, owned by OneLife Nutriscience Pvt Ltd, has raised Rs 5 crore funding as apart of its pre-Series A funding round from a bunch of HNIs from the pharma, chemical industries, and healthcare. The firm plans to use the fresh funding to expand geographically, online & offline expansion, marketing & team building.

 

The startup founded by Gaurav Aggarwal (20 years experience in the nutrition industry) in 2017 has over 100 products ranging from nutrition & wellness to beauty. It has a presence in over 15 cities across the North & West India. 

 

Bengaluru-based WMall raises Rs 64 crore in Series B funding from Chiratae Venture Partners, among others

 

Social commerce startup WMall has raised Rs 64 crore in Series b round of funding from Chiratae Venture Partners, SAIF Partners, and VH Capital. According to filings, the startup issued 20 equity shares and 6,501 Series B Compulsorily Convertible Preference Shares both for Rs 98,185.04 per share to the investors. 

 

WMall, a Bengaluru-based firm, founded in 2018 by Harmin Shah, Rishabh Verma & Anubhav Singh, is a social community-based ecommerce platform where members create content around various products to enhance the purchasing experience for others. The firm focusses on categories like kitchen, clothing, beauty, accessories, home decor, and beauty products. 

 

Digital Mall of Asia raises Rs 22 crore funding via Amour Infrastructure

 

Ecommerce platform Digital Mall of India has raised around Rs 22 crore in a fresh financing round from an investment made by Satish Jain via Armour Infrastructure. The ecommerce firm plans to use the new funding to scale up its product development & branding initiatives to create large-scale awareness about its key offerings, followed by an upcoming launch in India’s ecommerce space. 

 

The company will be going live in January 2020. The ecommerce platform expects to be operational in over 20 cities & 8 countries across the continent by 2021. The platform will be offering a zero-commission model, meaning that the retailers will only be required to pay a fixed monthly rent starting from Rs 10,000.

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A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

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