Personal Care Startup MCaffeine Bags $500,000 In Pre-Series A round

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, their execution so far has been par excellence. What they have been able to achieve in such a limited time is really commendable. MCaffeine, with a team of passionate entrepreneurs, is sure to succeed in this space and emerge as the favorite personal care brand amongst millennials.”

Comments

Post a Comment

Popular posts from this blog

Naturals Opens New Store In Hyderabad

Image
Naturals Opens New Store In Hyderabad Naturals, a pan India brand in hair and skin care industry, has launched a new salon at Chintal, Hyderabad. The Salon was Inaugurated by Minister T Padma Rao Goud.  Arvind, Regional manager, Naturals Family Salon and Spa, Telangana and AP, said, "Naturals renowned, offering professional services that will take care of complete personal styling for both women as well as men, including hair styles and hair coloring, grooming services like embellishing bridal makeup, hair styling, manicure, facial, and reflexology treatment services."  Luxury salon has 5 facial Rooms with steam shower facility, massage rooms, hair spa, bridal, VIP room etc.  Satish, Franchisee partner, Naturals salon branch, said, "To provide privacy to women, the unisex salon has exclusive women zone."  
Read more

Heritage Foods To Start 5 More Milk Processing Plants

Image
Heritage Foods To Start 5 More Milk Processing Plants South India's one of the leading dairy companies, Heritage Foods has entered the northern region with the launch of its milk and milk products. To achieve its mission of reaching Rs. 6000 crore revenues by end of 2022, Heritage is going to start 5 more milk processing plants in the next 5 years, the company said. To achieve this, Heritage said, they will ramp up its current volume of 14 lakhs litres of milk per day to 28 lakh litres. This growth is aided by recent acquisition of Reliance Dairy’s brands, Dairy Life and Dairy Pure in North India. By entering the northern market the brand said the milk supplied in Delhi will be collected from farmers located just 5 hours away; thereby ensuring freshness and a consistent flow of good quality milk. Brahmani Nara, Executive Director, Heritage Foods, said, "We are very happy to foray into Delhi and other states in the North and we would like to repeat th
Read more

Selena Gomez Collaborates With Coach, Will Design Ready-To-Wear Line

Image
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".  
Read more