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India Deals: Chennai Based Product Startup The Postbox Raises Funding and 10 More Updates

Mumbai-based pharmaceutical company ZCL Chemicals Ltd has raised Rs 170 crore ($25 million) from a fund managed by Morgan Stanley Private Equity Asia (MSPEA).

Photo Credit : ShutterStock,

Here is a list of deals that happened in India Startup Ecosystem including funding, merger, acquisition, product launch & appointment etc.

1. ShopKirana, a startup connecting brands and traditional retailers, has secured an undisclosed amount of funding from Japanese seed-stage investors, Incubate Fund. Read More

2. Karnataka-based fresh fruits and vegetables etailer Freshboxx has acquired Hubli-based last mile logistics startup, UrMajesty. Read More

3. MyAdvo, legal-tech concierge that helps its clients connect to lawyers for their legal needs, has raised an undisclosed amount of angel funding led by Pradyumna Dalmia (Calcutta Angels Network), S. Somasegar and other investors through LetsVenture. Read More

4. Seamovation Labs Pvt Ltd, a Bengaluru-based startup which provides cloud-based CRM product enKast has raised $2 Mn in Pre-Series A round of funding. Read More

5. Ajay Relan, co-founder and former managing partner of CX Partners, has invested in Delhi-based compliance management software startup LexComply. Read More

6. Mumbai-based venture capital firm Lightbox India Advisors Pvt Ltd has raised $54 million as an extension of its second fund of $100 million, which it had closed in late 2014. Read More

7. FMCG firm Godrej Consumer Products Limited (GCPL) has acquired additional 49 per cent stake in Kenya-based Charm Industries Ltd, taking up its stake to 100 per cent in the company. Read More

8. Realty firm Vatika Group raises $103M from Altico Capital. Read More

9. Enterprise technology-focused venture capital firm Exfinity Venture Partners has closed its second fund at Rs300 crore from a clutch of family offices, industrial houses and high net-worth individuals, including Rakesh Jhunjhunwala, India’s best-known stock market investor. Read More

10. Mumbai-based pharmaceutical company ZCL Chemicals Ltd has raised Rs 170 crore ($25 million) from a fund managed by Morgan Stanley Private Equity Asia (MSPEA). Read More

11. Chennai-based product startup The Postbox has received an undisclosed amount of funding from multiple investors, including those from The Chennai Angels. Read More



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