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Personal Care Startup MCaffeine Bags $500,000 In Pre-Series A round Personal care startup MCaffeine has secured $500,000 (about Rs.3.3 crore) in a pre-Series A round led by a clutch of high net-worth individuals and angel investment platforms. The company, which was launched in 2015 by Vikas Lachhwani and Tarun Sharma, sells its products across the country’s top ecommerce platforms, including Amazon and Nyka. The company in a statement said the latest round of funding was led by the startup’s existing backer Harminder Sahni, founder of consultancy firm Wazir Advisors, Lets Ventures’ Mohit Bajaj and Calcutta Angels. This comes about 15 months after the Mumbai-based company had raised $300,000 from Sahni, Kaushal Aggarwal of Avendus Capital, Pranay Jivrajka, chief executive of FoodPanda India and others. Sahni in a company press release said, “MCaffeine as a brand has the pulse of the new generation. They understand the physical and emotional needs of their market. Moreover,

Selena Gomez Collaborates With Coach, Will Design Ready-To-Wear Line Actress-singer Selena Gomez has turned into a fashion designer as the Hollywood fame will design clothes for a ready-to-wear line in collaboration with the brand Coach. As per the reports, Gomez had designed a bag with the label last year. The 25-year-old has joined forces with the brand again. She in her tweet seemed overjoyed to launch the new series of clothing. On her Instagram account, Gomez shared a sneak peak of a silk and lace item with a label that reads 'Coach x Selena'. She captioned it, "Fam, my second collection for Coach is going to include clothes. So grateful I got to work on this with Stuart Vevers. Can't wait to show you this fall".  

With its first flagship store in Buenos Aires, commencing its full operation, including after sales, spares and service, Royal Enfield has forayed into Argentina, the second biggest motorcycle market in Latin America. The motorcycle maker has appointed Grupo Simpa as its official dealer-partner for Argentina, which will look after all market development and support activities such as marketing and after sales, for the brand in the country. Argentina is the third country after Brazil and Colombia in the Latin American region to have an exclusive Royal Enfield store. Rudratej (Rudy) Singh, President (Royal Enfield) said, “Our approach in international markets has been to focus on key cities that strongly influence the motorcycling and lifestyle culture in the country. More recently our focus has been on fast emerging motorcycle markets, like South East Asia and Latin America. The company has been expanding its footprint in the Latin American region and has already established

France's Babilou Childcare Picks Majority Stake In Amelio Early Education As a part of its strategy to enter the Indian market, French childcare group Babilou has acquired a majority stake in Chennai-based Amelio Early Education. Sridevi Raghavan, founder and CEO, Amelio Early Education, said the partnership will help the company tap into the best practices of international curriculum in the early-education space. It will also help the company expand further into key Indian cities. Amelio Early Education is a day-care centre and preschool was founded in 2008 and is currently has 13 centres across Chennai and one in Bengaluru. For Babilou group, it is a new opportunity for expansion in India. The French group, founded in 2003, has 520 childcare centres a combination of day-care centres, nursery clubs and nursery schools. It is present in 8 countries including Germany, Belgium, Luxembourg and the UAE.