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FMCG platform raises Rs 3 cr in pre-series A round - The Hindu BusinessLine

April 16, 2021 Funds raised to be used for scaling business in Hyderabad and Chennai AnKa SumMor, a sales and distribution (S&D) platform for the FMCG sector, has raised Rs 3 crore in a Pre-Series A round led by Inflection Point Ventures, one of Indiaโ€™s largest angel investment platforms in India. The funds raised will be utilised towards scaling business in Hyderabad and Chennai with improved infrastructure, coverage, and branding. The funds will also be used for expanding operations to Ben...
Andhra Pradesh Tamil Nadu Anka Sumor Anka Summor Vinay Bansal Ashok George

Inflection Point Ventures leads pre-Series A funding in FMCG startup AnKa SumMor

Share on AnKa SumMor, a startup aiming to disrupt the sales and distribution channels for FMCG sector has raised INR 3 crore in a pre-Series A round of funding led by Inflection Point Ventures (IPV). IPV was started in 2018 and plans to invest INR 155 crore in 2021 across 60 startups. This is IPVโ€™s 12th deal for 2021. The raised funding will be utilised in scaling businesses across Hyderabad and Chennai with improved infrastructure, coverage, and branding. The team also looks to expand operat...
Andhra Pradesh Tamil Nadu Anka Sumor Anka Summor Rajiv Joshi Vinay Bansal

AnKa SumMor raises ₹3 crore in pre-Series A round - The Hindu BusinessLine

April 16, 2021 Funds will be used to expand business AnKa SumMor, a sales and distribution (S&D) platform for FMCG sector, has raised โ‚น3 crore in a pre-Series A round led by angel investment platform Inflection Point Ventures (IPV). The funds raised will be used towards scaling business in Hyderabad and Chennai with improved infrastructure, coverage and branding. It will be also used for expanding operations to Bengaluru, the company said in a press statement. Fund usage Ashok George, Founder...
Andhra Pradesh Tamil Nadu Anka Summor Vinay Bansal Rajiv Joshi Ashok George

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FMCG startup AnKa SumMor raises Rs 3 cr in pre-Series A round led by IPV

FMCG sales and distribution startup AnKa SumMor has raised Rs 3 crore in a pre-Series A round led by early stage investing platform, Inflection Point Ventures (IPV). It is the 12th announcement by IPV since Jan 2021. AnKa SumMor works with FMCG brands to help them scale up their businesses rapidly. Funds raised will be used for scaling business in Hyderabad and Chennai with improved infra, coverage and branding. The FMCG startup will use the funds for expanding operations in Bangalore, along...
Andhra Pradesh Tamil Nadu Anka Summor Vinay Bansal Ashok George Bombay Shaving Company

Lo! Foods raises $1mn in pre-series A funding led by Chona Family Office

Bengaluru-based Lo! Foods on Friday said it has raised USD 1 million (about Rs 7.4 crore) in funding, led by the Chona Family Office, the erstwhile promoters of Havmor Ice Cream. The pre-series A round also saw participation from Ecosystem Ventures, Raveen Sastry (Co-Founder, Multiply Ventures), KRS Jamwal, Pratyush Prasanna (Gojek) among others, a statement said. The funds will be used towards accelerating growth, strengthening existing distribution networks and ramping up marketing, it add...
Andhra Pradesh Tamil Nadu Anka Summor Pratyush Prasanna Gojek Sudarshan Gangrade Bombay Shaving Company

What the future looks like for digital payments; Charting the journey of Edelweiss Group Chairman Rashesh Shah

What the future looks like for digital payments; Charting the journey of Edelweiss Group Chairman Rashesh Shah Vishal Anand Kanvaty, Chief of Innovation at NPCI, talks about what fintech players can do to deepen digital payment penetration. 0 claps Ashok George, cofounder of AnkaSumMor Founded by Ashok George and Rajiv Joshi, AnKa SumMor enables challenger brands to go from ecommerce to physical distribution. Ashva Weartech has developed Fitknees Assess, an intelligent diagnostic wearable devic...
Alpana Bhartia Vishal Anand Kanvaty Anka Summor Anka Summor Ashok George Rashesh Shah Rajiv Joshi

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