Thursday, November 21

Tag: doodhwala

Top Five Funding of the Week (26th Nov – 1st Dec)
1Dec By Gauri SinghNo Comments
FUNDING

Top Five Funding of the Week (26th Nov – 1st Dec)

Funding is a very important part of business and without funding, it is quite difficult for startups to grow. Funding provides the base to startups. This week, we saw various funding activities, out of which the maximum funds were raised by an insurance company. The maximum funds raised were $200 million. Let us now have a full view of the important and the top five funding activities of the week.   1) Bright Health   Minneapolis-headquartered insurance startup Bright Health has raised funds amounting to $200 million in Series C funding round. The round was led by Tom Valdivia, a former Definity Health executive. The valuation of the company, following the round has reached at $950 million. New investors Declaration Partners and Meritech Capital participated in ...
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Bengaluru-based Startup Doodhwala Secures $12 million
28Nov By Gauri SinghNo Comments
FUNDING

Bengaluru-based Startup Doodhwala Secures $12 million

Bengaluru-based milk and daily essentials delivery startup called Doodhwala is reportedly securing funds up to $12 million (around Rs 85 crore) in a Series A round of funding. The round is being led by Impact investment firm Omnivore Ventures. Along with this, the company had approached both new and existing investors for the fresh fundraise. “We will be closing the round in January next year as the term sheets are getting finalised and the talks are at a fairly advanced stage,” Doodhwala co-founder Ebrahim Akbari said. “We are looking at a post-money valuation of $40 million.” Also, he stated that American, Chinese and Japanese investors were in the fray. US investors are keen on subscription businesses as they are creating a mark of their own and showing potential growth. With th...
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Doodhwala Secures $2.2 Million Funding
23Feb By NitishNo Comments
FUNDING

Doodhwala Secures $2.2 Million Funding

Bengaluru, 23rd Feb, 2018: Doodhwala, a micro delivery service for fresh groceries has received a seed funding of $2.2 million by Omnivore, a venture capitalist firm, for a minority stake in the company. The hyperlocal delivery platform, Doodhwala, is a subscription-based, early-morning delivery platform for all farm fresh groceries sourced directly from local farms and dairies. Reihem Roy, Principal, Omnivore will join the board. “Doodhwala with it's unique model has had a tremendous momentum, becoming a well-known brand for fresh milk and grocery delivery in Bengaluru & Pune. We are evolving into the finest delivery service option for customers seeking freshness, convenience and specialty products,” said Aakash Agarwal, Co–Founder, Doodhwala. “Doodhwala’s unique business str...
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