Friday, July 19, 2024
Outlook.com
Outlook India
Outlook Business

Anupam Mittal

The second fund is determined to invest in 20-25 start-ups engaged in disruptive Artificial Intelligence and deep tech

Among the seven sharks, Namita Thapar fulfilled the maximum percentage (59 per cent) of investment commitments

Prior to this round, the company raised Rs 1 crore in funding in the first season of the entrepreneurship-driven show Shark Tank India

Both BetterPlace and Bueno Finance cater to blue-collar workers and have food delivery companies Swiggy and Zomato as their clients

The investment comes soon after pi Ventures announced an investment of Rs 22 crores from Belgium’s Colruyt Group in its second fund

The investment comes after pi Ventures announced the first closing of its second fund at Rs 303.5 crore ($40 million) in Jan 2022

Pravega Ventures led this round with participation from family investors such as Weizmann Group, Telama Family Office and Apurva Parekh, Pidilite Family Office

The start-up received offers from 4 out of 5 sharks owing to its unique proposition and robust financials

BharatPe MD Ashneer Grover will miss out on the second season along with mamaearth founder Ghazal Alagh