Rajan Tata | Pixr8 News

2Apr By Sheldan RungasamyNo Comments

FUNDING

Mumbai-Based Cannabis Company Raises 3.08 Crore Funding

Bombay Hemp Company Pvt Ltd. (BOHECO), raised Rs3.08 Crore capital from Ginni International Limited, a textile company based in Hong Kong and existing investor, Mukhtar Tejani of Gits Food. The company had previously allotted 308,063 shares worth Rs100 each. BOHECO previously raised 6.25 crore from a group of investors that included the notorious Ratan Tata, Chairman emeritus of Tata Sons and Sanvar Oberoi, Google India’s managing director. The company specializes in the study of cannabis for medicinal purposes. It began establishing its business-to-consumer apparel brand B Label made from cannabis and another branch of business-to-business textiles made from cannabis such as fabrics, fibers and yarns and hemp seed products as well. The company, in partnership with the Council of Sci...

Ratan Tata Invests INR 3.49 Cr in Shekhar Gupta’s ThePrint

Shekhar Gupta, the editor who turned entrepreneur, received an investment of INR 3.49 Cr for his digital media platform, The Print, from existing investors Ratan Naval Tata in what seems to be an extended seed round. The parent company, Printline Media Private Limited prearranged 343 Seed debentures each worth INR 102,000 on March 12, 2018. Since its foundation, the parent company raised funds worth INR 45 Cr over 2016-17 and Ratan Tata personally invested about INR 4.99 Cr, which includes the most recent one. The company founded by Shekhar Gupta has seen several investments from marquee venture capitalists such as N.R Narayana Murthy, Nandan Nilekani, Uday Kotak Family, Kiran Mazumdar Shaw (Biocon Ltd founder), Rajiv C. Mody (Bangalore-based tech-entrepreneur), Vijay Shekhar (fou...

Bluestone Raises Rs 10 Crore Funding

Bluestone, the online jewelry commerce, received a funding of Rs8.2 crore from OBOR Capital and Rs3 crore from Kalaari Capital, according to the latest MCA filings. The company appears to have raise an additional funds of $6 million from existing investors as well. The filings also report that the company earned about Rs1 crore from Gaurav Deepak of Avendus Capital and Rs1.6 crore from IIFL. BlueStone was established in 2011 and quickly ascended to become India’s lending destination for high quality fine jewelry. The company aims at wishes to revolutionize the jewelry market of India with primordial focus on craftsmanship, quality and customer service. The company boasts a portfolio of 5000 unique designs which were crafted with care to provide flexibility, purity and clarity. Sin...