Union government’s Make in India programme is just a mirage for the small and medium pharma companies because drug manufacturing is capital intensive activity. Instead the sector is grappling with rigid price controls and ban on fixed dose combination (FDC) issues, said Anjan K Roy, founder, RL F…
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Food-tech start-up Holachef gets $3 mn from SIDBI VC, Kalaari
Mumbai-based food delivery startup Holachef Hospitality Pvt. Ltd has raised Rs 19.5 crore ($3 million) in a Series B round of funding from SIDBI Venture Capital Ltd and existing investor Kalaari Capital. The VC arm of state-run Small Industries Development Bank of India led this round with a Rs 1…
PharmEasy raises Rs 111 cr in Series-B round
New Delhi: Mumbai-based pharmacy aggregator PharmEasy has closed a $17-million deal (around Rs 111 crore) in a series-B round by three of its existing venture capital investors, said a person aware of the deal. The funding indicates continued interest in the online pharmacy segment despite a repo…
Rewards start-up m.Paani raises $1.35 mn from IDG Ventures, others
Loyalty rewards app mPaani Solutions Pvt Ltd has raised $1.35 million in its pre-series A investment round led by IDG Ventures, Blume Ventures and Saha Fund, the company said in a statement. Existing investors Adil Allana of The Allana Group, Aprameya Radhakrishna, co-Founder of Taxiforsure, and …