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FabIndia founder backs Wow! Momo
William Bissell, managing director of ethnic products brand Fabindia, has invested Rs 3-4 crore in Kolkata based quick-service restaurant chain Wow! Momo, as in keeping with a record within the Economic Times. Next, to the investment, Bissell will be a part of Wow! Momo’s advisory board, and is expected to assist the company with its growth strategy.
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NirogStreet bags $300k seed funding from Spiral Ventures and others
Nirogstreet, a healthcare startup that is developing a network of Ayurveda medical doctors, has raised $300,000 as a seed investment from early-stage Japanese venture fund Spiral Ventures, Internet and Mobile Affiliation of India president Subho Ray and Samir Kumar, director of derivatives at Deutsche Bank in Singapore. The startup plans to apply the price range for further building the community platform and launching an online consultation portal later this year.
Mutual funds investment platform Nivesh gets $444k seed funding
Nivesh.com, a Noida-based mass marketplace mutual finances investment platform, has secured seed funding of Rs 3 crore through LetsVenture, in conjunction with other traders which include Google India MD Rajan Anandan and ex-Infosys global sales head Basab Pradhan. In keeping with a legitimate assertion, the opposite individuals inside the round include Vivek Khare, marketing consultant company improvement at Naukri.com; Debasish Hota, CEO at Compu-Gain Corporation, USA; Windrose Capital; Bijoy George, a partner at Full Circle Tech; and LetsVenture.
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