Venture capital firm Sequoia Capital is investing Rs 95 crore ($15.8 million) to take a 33.36 per cent stake in Curatio Healthcare (India), a Chennai-based firm which makes prescription-based dermatology products that are sold in India, Sri Lanka and Nepal. It is targeting Rs 80 crore of sales this financial year.
IAN invests in Loudcell
Indian Angel Network, announced an undisclosed investment in LoudCell, a start-up with a vision to save diesel cost and reduce wastage/inefficiency for DG owners in India and other emerging economies. LoudCell offerings are based on the IoT and Cloud technology platform to enable phenomenal quick scalability.
India has an estimated five million diesel generators, which consume $13 billion worth of diesel annually. LoudCell aims to help consumers reduce the carbon footprint and estimates to save 0.5 million tonnes of carbon emissions by 2018.
Milk Mantra's first acquisition
Odisha based dairy start-up Milk Mantra Dairy Pvt Ltd has acquired Sambalpur based Westernland Dairy as part of its expansion plans. This is the first acquisition by the company, which is looking to expand its operations in Odisha, and enter Chhattisgarh and Jharkhand. The acquisition deal is pegged at around $1.6 million (Rs 10 crore).
Managing Director and Founder of Milk Mantra Srikumar Misra said, "This acquisition would immediately add additional capacity of 50,000 liters a day and also give us the ability to reach into western Odisha from where we have been receiving huge interest from consumers who want the Milky Moo brand." We are looking at both acquisitions and new opportunities, particularly in eastern India for our fresh Dairy Platform."
As part of product range expansion, the company plan to launch more dairy-based and value added products like sweet curd, functional milkshakes and probiotic drinks, by March.
If you have any information to share, please write to bsreporter@bsmail.in
IAN invests in Loudcell
Indian Angel Network, announced an undisclosed investment in LoudCell, a start-up with a vision to save diesel cost and reduce wastage/inefficiency for DG owners in India and other emerging economies. LoudCell offerings are based on the IoT and Cloud technology platform to enable phenomenal quick scalability.
India has an estimated five million diesel generators, which consume $13 billion worth of diesel annually. LoudCell aims to help consumers reduce the carbon footprint and estimates to save 0.5 million tonnes of carbon emissions by 2018.
Milk Mantra's first acquisition
Odisha based dairy start-up Milk Mantra Dairy Pvt Ltd has acquired Sambalpur based Westernland Dairy as part of its expansion plans. This is the first acquisition by the company, which is looking to expand its operations in Odisha, and enter Chhattisgarh and Jharkhand. The acquisition deal is pegged at around $1.6 million (Rs 10 crore).
Managing Director and Founder of Milk Mantra Srikumar Misra said, "This acquisition would immediately add additional capacity of 50,000 liters a day and also give us the ability to reach into western Odisha from where we have been receiving huge interest from consumers who want the Milky Moo brand." We are looking at both acquisitions and new opportunities, particularly in eastern India for our fresh Dairy Platform."
As part of product range expansion, the company plan to launch more dairy-based and value added products like sweet curd, functional milkshakes and probiotic drinks, by March.
If you have any information to share, please write to bsreporter@bsmail.in