Here is the Startup Funding roundup for 21st September 2016:
Pepperfry raises INR 210 Cr from existing investors
Online furniture and home decoration startup, Pepperfry grasped Rs. 210 Crore in the latest funding round. It was backed by existing investors Goldman Sachs, Norwest Venture Partners, Bertelsmann India Investments and Zodius Technology Fund. It is assumed in the upcoming fiscal quarter company will be securing another amount of approximately Rs 150-200 Crore from an entirely new set of investors. It is notable that company’s evaluation was not disclosed publically, which stood at Rs. 1800 Crore in July 2015.
Rise India raises INR 14Cr from NSDC
Moving on to another story, Rise India raised INR 14 Crore from National Skill Development Corporation. It must be known that this is the result due to the affiliate partner program between the two. The company aims to target 2.48-lakh youth for training purposes in order to improve their automotive skills over the span of seven years. It has also integrated with Rajasthan Govt. in 2012 and plans to enter Jharkhand, Maharashtra, Tamil Nadu and Uttar Pradesh this year.