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

Jungle Ventures

The company has plans to utilise the funds to advance manufacturing capabilities

Walko Food Co, which owns the NIC ice cream brand, raised $4.8 million in funding from JM Financials in 2021.

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

The investment round saw the participation of several new and existing investors like Jungle Ventures and British International Investment

The company is looking at building a business model that will reach an annual recurring revenue (ARR) of $100 million over the next three years

Drivetrain will use funds to expand its strategic finance platform and accelerate its go-to-market operations

With Rs 150 crore worth of assets under management (AUM) currently, it aims to bring in 40 new Grade A properties to achieve AUM of Rs 1000 crores within a year