This marks Equirus Innovatex Fund's second investment from their USD 30 million tech-focused venture capital fund
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The funds will be used for growth and GTM initiatives, building a sales team, establishing an R&D facility, expanding manufacturing, and driving new IP and technological advancements
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Established in 2015 and headquartered in Mumbai, with manufacturing facilities at Chakan (Pune), Economy offers bespoke vacuum and process solutions. The company has recently expanded its products to also cater to the beverage industry
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Celebrating a legacy that blurred the lines between investment and mentorship, guiding entrepreneurs with wisdom and support
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The funds will be used for scaling their existing games, developing new titles, and hiring best-in-class talent
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It also aligns with Mamaearth’s strategy to explore untapped markets and drive revenue growth from regional areas and will further solidify Mamaearth's position as a trusted leader in the beauty and personal care category
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This latest round, spearheaded by Flourish Ventures, Together Fund, and Fidelity's Eight Roads and F-prime Capital, brings SPRY's total funding to UDS 25 million since its 2021 launch
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To build on this momentum, Alieus Hedge Fund is scheduled to hold key meetings with interested investors in the USA
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The funds will be utilised to enhance product offerings and develop a sales and marketing strategy to grow its footprint in both Indian and international markets
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The proceeds will be used to enhance Figr’s core technology
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