With the new funding, Agrizy aims to expand into new product areas and geographies; launch CDMO and value-added advisory services; and offer financial services to MSME processors and farmer-producer organizations (FPOs)
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With increased production capacity and distribution, the brand aims to quadruple its monthly revenue in the next six months
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According to media reports, the additional funds will be used to invest further in ShareChat's advertising technology and expand its consumer transactions business
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Co-founded by visionaries Chirag Gupta, Shruti Tibrewal, and Bharat Tibrewal, Bebe Burp aims to innovate in the baby products market by providing high-quality organic food
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With the allocation of 50 per cent of funds towards the JV and the rest towards Acculi’s diverse offerings, the company is striving to enhance its manpower, operational efficiency, infrastructure development, and manufacturing and production capacity
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Funding is aimed at expanding to new markets, launching new business verticals and enhancing technology solutions for customers. The company aims to double its revenue in the current FY targeting Rs 100 crore
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The funding will be used by ElectricPe for geographic expansion and to launch new products
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"The funding infusion by IIFL represents a significant milestone in our journey to pursue technological excellence and global connectivity. We plan to use the fund for expansion of our business to newer geographies" Said Akash Nidhi, Co-founder, Vitra.ai
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Gruner plans to utilise this funding to enhance its operations and market presence
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The investment round was led by Girish Patel, founder of Paras Pharma, with participation from investors including Anil Sanghvi, chairman at Sanghvi Erectors, Ajinkya Firodia, MD of Kinetic Group, and ex-banker Rajiv Jain
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