Even prior to the acquisition, Curefoods was an investor in Yumlane alongside Orios Venture Partners, and angel investors such as Flipkart founder Binny Bansal and Shaadi.com founder Anupam Mittal.
Ranjan Pai s investment spree continues as the chairman of the Manipal Education and Medical Group has now invested in omnichannel beauty retailer Purplle. Details on this and other major startup deals in today s ETtech Top 5.
Titan ascribed a valuation of Rs 17,000 crore to the omnichannel retailer, an over 30-fold jump in seven years when it first invested in the Chennai-based company.
The company has around 1,700 employees, and its ESOP pool holds around 1.5% stake. Following the purchase of Sachetis 27.18% stake in CaratLane, Titan will hold a 98.28% stake in the company.
Happy Monday! Mithun Sacheti hit it big on Saturday when he sold his 27% stake in online jewellery marketplace CaratLane to Titan. The Rs 4,621 crore deal is among the largest for any Indian consumer internet company. Hear all about it from Sacheti himself in todays super packed edition of the ETtech Morning Dispatch.