The startup plans to utilize the new funds to expand its product range, including breakfast cereals, biscuits, protein powders, and snacks, while scaling up production.
Author: Team CEO VINE
The funds will be utilized to further develop the company’s diagnostic technology, conduct clinical trials, and prepare for commercial production.
The newly acquired funds aim to expand Medial’s offerings, enabling it to develop an integrated platform tailored for the global startup and tech ecosystem.
Post-funding, the company is valued at ₹303 crore ($36 million), a significant increase from its ₹116 crore valuation in its previous funding round.
Ultraviolette Automotive has raised ₹130 crore ($15.3 million) in a fresh funding round led by Zoho with an infusion of ₹90 crore.
The funds will be used to expand distribution networks, enhance branding and marketing efforts, strengthen the team.
The newly acquired funds will be directed toward expanding the company’s distribution network and enhancing its technical infrastructure, as part of its growth strategy.
GoodLives plans to channel the funds into improving its platform, expanding its operations, enhancing platform features, and entering new markets.
Tech4Billion Media, the parent company of Chingari, has launched AstroLive, a new app targeting the growing $350 billion faith and astrology market.
Srinivasan Raghavan brings 2 decades of experience in software development and leadership. Before Freshworks, he was the CPO at RingCentral.
The fresh funds raised by Bumboo will be used to expand the brand’s footprint in Indian and international markets.
The company plans to use the funds to expand its offline presence and diversify its product offerings.