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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 India’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 Bengaluru, along with technology development and deployment. On a journey to disrupt FMCG sales and dis...

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 IPV’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 operations to Bengaluru, with focus on technology development and deployment. Ashok George, Founder & CEO,...

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 with tech development and deployment. AnKa SumMor was launched in 2018 with an aim to disrupt FMCG ...

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 added. Started in 2019 by Sudarshan Gangrade, Lo! Foods offers low-carb and Keto-friendly packaged pro...

Saber-rattling and high stakes in Guyana’s geopolitical neighborhood Click to read this article in English Source: Adobe Photo Stock On January 7, 2021—one day after insurrectionist rumblings shook Washington, D.C.—Venezuelan president Nicolás Maduro engaged in some saber-rattling of his own with the issuing of Decree No. 4.415, which claimed exclusive Venezuelan sovereignty over the waters and seabed off of Guyana’s coast, west of the Essequibo River. Maduro’s decree created a strategic zone called the “Territory for the Development of the Atlantic Façade,” which extends 200 ...