The IIT Alumni Council-founded Megalab on Tuesday announced plans to manufacture 200 million doses per month of indigenous fourth generation vaccines, which will compete directly with global players in the world market.The Mumbai-based Megalab, .
Vanity Wagon on Wednesday said it has raised a seed funding of
$200,000 (Rs 1.5 crore) led by
Agility Venture Partners. Other investors who participated in the round include
Dhianu Das (Managing Partner, Alfa Ventures) and
Sanjay Nagi (angel investor).
In a release, the two-year-old startup said the fresh funds will be used for strengthening its customer first technologies, and also incrementing the reach of the brand to fulfil a larger consumer base.
Further, with a tremendous growth in the clean beauty industry (over 50 percent year on year) over the last three years and with brands such as Mamaearth, The Moms Co, and ARATA strengthening their hold on the market, investors found it ideal now to back a clean beauty market, the release added.