Analysis

Young, aspirational India stirs up a storm in the coffee market

While Indian coffee startups are attracting substantial funding, global giants are stepping up their game as well.

Venture Capital

India: B2B procurement marketplace ProcMart raises $30m Series B round

The round was co-led by Nandan Nilekani-backed Fundamentum Partnership and Edelweiss Discovery Fund.

Private Equity

India Digest: Brookfield mulls $1b investment in Avaada; The Ayurveda Co. raises $12m

Sixth Sense Ventures led the funding in The Ayurveda Co. (T.A.C).

Deals

Sixth Sense leads $5.4m funding in Prozo and India deals worth $292m

JAFCO Asia and other investors also participated in the financing.

Venture Capital

India Digest: NirogStreet raises $12m; ProcMart snags $10m

Existing investors Spiral Ventures and ICMG, among others, also participated.

Deals

India Digest: Sequoia invests $12m in Sigmoid; Nobel Hygiene raises $17m

Sequoia Capital India’s total investment in Sigmoid now stands at $19m

India

E-commerce enabler Prozo raises $10m led by Sixth Sense and India deals worth $80m

The funds will be used to expand Prozo’s warehousing and fulfillment footprint.

Venture Capital

Sixth Sense Ventures leads $40m investment in Indian EV maker Altigreen

Reliance New Energy, and Momentum Venture Capital Singapore also invested.

Venture Capital

India’s Wonderchef Home Appliances bags $20m funding from Sixth Sense, others

Capvent, which had invested in Wonderchef in 2015, made an exit in the latest round.

Venture Capital

India: Fraazo snags $50m funding from WestBridge, Sixth Sense Ventures

Fraazo will use the funds to strengthen its fulfilment network as it prepares for a multi-city launch across India.