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Tag: funding

Wendy’s franchisee allegedly spent $1 million of PPP funding to finance home

Chip Somodevilla | Getty Images A former employee of Starboard Group, a large Wendy’s operator, alleges that the franchisee’s chief executive diverted $1 million in Paycheck Protection Program loans to finance his home in Montana. Sandi Adler, who was Starboard’s vice president of legal affairs and human resources, filed the complaint on June 30 under …

Wendy’s franchisee allegedly spent $1 million of PPP funding to finance homeRead More

Food delivery start-up MOPP Foods raises angel funding

MOPP Foods Pvt. Ltd, which operates the brand Mad Over Parathas & Pakodas, a QSR and food delivery brand, focused on popular Indian street food, parathas and pakodas, has raised angel funding. This round of funding has been led by Rahul Singh, Founder & CEO, The Beer Café. Others who participated in the round include …

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Coffee Start-up Sleepy Owl raises second round of funding from Rukam Capital, AngelList India and DSG Consumer Partners

Sleepy Owl, a Delhi-based start-up in the ready-to-drink coffee space, has raised an undisclosed amount as growth capital in their latest round of funding. This round is led by Rukam Capital and existing investor DSG Consumer Partners & AngelList India also participated. The brand will use the proceeds from the current round of funding to …

Coffee Start-up Sleepy Owl raises second round of funding from Rukam Capital, AngelList India and DSG Consumer PartnersRead More

Packaged food brand GO DESi raises Rs 4.5 crore in funding led by Rukam Capital

Bengaluru based start–up GO DESi has raised Rs. 4.5 crore in the company’s second round of funding led by Rukam Capital, headquartered in New Delhi. Other investors who participated in the round are AngelList and Upaya Social Ventures. The current round of funding will help the company expand operations, launch a larger portfolio of products …

Packaged food brand GO DESi raises Rs 4.5 crore in funding led by Rukam CapitalRead More

Laura Ashley agrees emergency funding deal with Wells Fargo | Business

Laura Ashley has staved off the threat of imminent collapse after securing access to sufficient funds to meet its immediate funding needs. The clothing and furnishing retailer said talks with the US bank Wells Fargo over the terms of a £20m loan facility had concluded successfully. “The group should be able to utilise requisite funds …

Laura Ashley agrees emergency funding deal with Wells Fargo | BusinessRead More

Online personal care platform Purplle.com raises US$8 million in funding

Global investor Goldman Sachs-backed online beauty and personal care platform Purplle.com on Monday said it has raised US$8 million (around Rs 56 crore) from Belgium-based investment firm Verlinvest in series-C funding round. This new fundraising follows the US$30 million capital infused by few investors including the US-based Goldman Sachs, IvyCap Ventures, Blume Ventures and JSW …

Online personal care platform Purplle.com raises US$8 million in fundingRead More

Zhenmeat, China plant based meat firm, seeks funding

A slider made of Zhenmeat’s plant-based meat alternative pictured in Shanghai, China on January 13, 2020. Arjun Kharpal | CNBC Chinese plant-based meat substitute start-up Zhenmeat is looking to raise around $2 million of funding this year as it expands across the world’s second-largest economy and fends off a potential challenge from U.S. rivals. Zhenmeat …

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FMCG brand Rage Coffee raises funding from Refex Capital, Keiretsu Forum

Rage Coffee, a digitally native FMCG (fast-moving consumer goods) brand, building breakthrough products in emerging coffee categories, closed a round of funding led by Refex Capital, an early-stage venture capital firm with participation from members of angel network Keirutsu Forum Chennai, and a clutch of other prominent investors. According to a UNI report: The round …

FMCG brand Rage Coffee raises funding from Refex Capital, Keiretsu ForumRead More

Mamaearth raises Rs 130 cr in funding led by Sequoia India

Personal care brand Mamaearth on Wednesday said it has raised Rs 130 crore in funding led by Sequoia India. The funding also saw participation from existing investors, Fireside Ventures, Stellaris Venture Partners and Sharp Ventures. Founded in 2016 by husband-wife duo Varun and Ghazal Alagh, MamaEarth offers skin and hair care, and baby care products. …

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Flipkart parent infuses Rs 2,839 crore in wholesale arm, Retail News, ET Retail

Bengaluru: Flipkart India, the wholesale arm of the Walmart-owned ecommerce marketplace, has received Rs 2,839 crore from its Singapore-based parent, regulatory filings show. This is the third such fund infusion into the unit this year, taking the total investment to Rs 5,701 crore. The investment comes at a time when the ecommerce giant is preparing …

Flipkart parent infuses Rs 2,839 crore in wholesale arm, Retail News, ET RetailRead More