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Seasoned investor- Nitin Sharma joins Antler as Partner & Co-Lead for India
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Melorra founder says offline retail isn t dead, launches three outlets in Delhi
The company plans to launch a few more stores in March in Mumbai and then step up the expansion from April with 30-40 outlets launched across the country by December. January 21, 2021 / 09:57 PM IST
1. Atlas Jewellery India | Return in December 2017: 44.51% | 2016: 23.74% | 2015: 20.66% | Atlas offers a wide range of choice in fashionable jewellery coupled with high standards of purity and service.
Unperturbed by the decline in footfalls of consumers in malls and high streets, Symphony Asia-backed jewellery brand Melorra plans to launch 350 outlets by 2026 with a total investment of $50 million.
The company on January 21 launched three of them in Delhi besides one in Bangalore last month. It plans to launch at least a couple more in March in Mumbai and then step up the expansion from April with 30-40 outlets launched across the country by December.
[Funding alert] BlackSoil Capital invests Rs 20 Cr into furniture subscription platform Furlenco
Furniture rental startup Furlenco says it has furnished over 150,000 homes in eight cities.
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Furlenco) has raised
BlackSoil Capital. Founded by
Ajith Mohan Karimpana, Furlenco operates as a furniture subscription platform and has furnished over 150,000 homes in eight cities in India.
Furlenco is a furniture rental startup that offers quality furniture that is designed in-house. The furniture is delivered free of cost at the customer s doorstep within 72 hours and the company provides customers with facilities like annual cleaning, option to swap furniture, and free relocation.
“The year 2021 will see a new phase of growth for Furlenco. We have several initiatives planned for this year that will be launched over the next six to nine months. We are delighted to have BlackSoil Capital as our latest partner. BlackSoil has quickly emerged as a prominent venture debt player, h
Antler to deploy $100 million in Indian startups
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With the $100 million fund, it plans to back 150 Indian startups over the next four years
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BENGALURU: Global early-stage venture capital (VC) fund Antler plans to invest more than $100 million across Indian technology startups in the next four years, it said on Wednesday.
The fund has appointed seasoned investor Nitin Sharma as partner and co-lead for its India operations. Sharma had founded FirstPrinciples VC in 2018, which has invested in more than 35 startups including Fynd, which has been acquired by Reliance Jio, and Niki, backed by Ratan Tata. Fynd provides omnichannel, online-to-offline platform to fashion retailers and Niki is an artificial intelligence company headquartered in Bengaluru.
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