Wonderchef | Pixr8 News

This week was quite eventful in terms of funding activities. Few of the well-known firms raised a substantial amount of funds from different investors. So, here you can have a glimpse of the major funding activities that took place this week starting from 18th June 2018 to 23rd June 2018. The recap of funding for the week is as follows: 1) Swiggy Food Delivery Platform Swiggy sealed its much awaited $210 million funding with Russian billionaire Yuri Milner’s’ DST Global thereby finally making entry into the prestigious “Unicorn” club. The total capital of the company crossed $466 million followed by this round. Swiggy will be using the freshly raised capital in revamping its supply chain network and expanding to new markets. With an expected market valuation of $1.2 billion, ...

Wonderchef, Renowned Chef Sanjeev Kapoor's promoted appliance brand has raised Rs. 70 crore from a mid-market private equity firm, Amicus Capital Partners which valued the firm at Rs. 700 crores. The appliance brand came to inception in 2009 through founders Sanjeev Kapoor and former Sodexo Pass India MD Ravi Saxena. It primarily deals with selling premium quality kitchenware appliances, cookware and bakeware under the Wonderchef brand. Mahesh Parasuraman, co-founder of Amicus Capital said, Wonderchef has been able to build a strong brand in the cookware and kitchen appliance category within a short period of time. We are committed to helping the company emerge into a clear market leader in the next few years. Notably, the recent funding marks third investment round raised by the co...

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News of the Day: Funding News Of The Week (18th-23rd June)

Sanjeev Kapoor’s appliance brand Wonderchef raises Rs. 700 Cr Funding