The deal was finalized with Ritesh investing ₹1 crore for 0.8% equity and ₹2 crore in debt at an annual interest rate of 10% for three years, valuing the company at ₹125 crore.
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The funds will be utilized to expand Snabbit’s market presence by opening new micro-markets across Mumbai over the next six to nine months.
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Meet Richa Maheshwari, founder of Boito, a luxury label dedicated to preserving Odisha’s rich textile heritage and celebrating its artisanal traditions.
The schedule was announced at a grand curtain-raiser ceremony held in New Delhi on January 16, coinciding with National Startup Day.
The funds will be used to expand Krvvy’s online and offline presence across India, catering to the diverse needs of Indian women.
India’s leading mobility platform, Rapido, has announced plans to expand its operations from the current 120 cities to 500 cities nationwide.
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