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Phablecare, which raised $25 Mn in March 2022, is on the verge of shutting down, and needs to raise fresh funds or merge with a bigger player
On Tuesday, E commerce roll up company Mensa Brands has collected Rs 300 crore debt from TradeCred. The company received new money after a span of 15 months.In a statement, the company said that Mensa plans to use the funds for new brand take over and grow them through product development, supply chain integration, and working capital investment.
Ecommerce roll up Mensa plans to utilise the debt funding for acquiring new brands and accelerate brand growth
Digital entertainment startup Pocket Aces, which owns YouTube channels FilterCopy and Dice Media, has fired a quarter of its employees.
Venture capital firm Sequoia India is reportedly writing off its investment in the beleaguered auto repair startup GoMechanic.