Friday, March 29

Tag: Indian angel network

Applyifi and Indian Angel Network are collaborating to help early-stage startups
News

Applyifi and Indian Angel Network are collaborating to help early-stage startups

Startup guiding platform Applyifi and Indian Angel Network are joining hands to help budding startups grow and raise adequate amount of funding. Applyifi guides startups in creating a comprehensive pitch deck, and provides startups and investors a 36-point scorecard and assessment report on the startup's investment worthiness. "Think of it as a GMAT score for Startups", they say. Applyifi assesses a  startup and provides an assessment report that helps a startup to understand its shortc0mings, strengths and also help them in making an action plan. Co-founded by Prajakt Raut, the platform after reviewing a huge number of startups has realized what a startup really requires and hence has collaborated to help startups raise up to Rs.75 lacs funding. "Based on reviewing business p...
Wow! Momo raises Rs 44 crore from Lighthouse Funds, IAN
FUNDING

Wow! Momo raises Rs 44 crore from Lighthouse Funds, IAN

Fast food chain Wow! Momo today said it has raised Rs 44 crore in series B funding from venture capital firm Lighthouse Funds and angel investor group Indian Angel Network (IAN). The latest round of funding led by Lighthouse Funds, which invests in mid-market consumer-driven firms, values the company at Rs 230 crore, the Kolkata-based firm said in a statement. Besides, it also provided "a highly profitable" exit to the tune of Rs 10 crore to some of the IAN investors who decided to sell their shares partly/completely to Lighthouse, it added. Commenting on the development, Wow! Momo co-founder and CEO Sagar Daryani said: "Funds raised in the current round will be used for expansion and building of back-end infrastructure for the brand." The company said it has a long-term goal of doing...