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Omnivore Companions and LetsVenture Fund has additionally participated within the spherical
Sequoia Capital India has been named as one of many high 10 enterprise capital companies in India
It’s valued at $23 Mn within the newest Collection A transaction
Peer-to-peer livestock buying and selling platform Animall has raised INR 44.45 Cr ($5.9 Mn) in Collection A funding spherical led by Sequoia Capital. Omnivore Companions and LetsVenture Fund have additionally participated within the spherical.
In keeping with the ministry of company affairs filings, Animall has allotted 53,832 Collection A choice shares at a difficulty value of INR 8,264.9 per share. Sequoia Capital has led the spherical with an infusion of INR 22.2 Cr ($2.9 Mn) whereas Omnivore Companions INR 7.four Cr ($1 Mn) and INR 2.03 Cr ($273Okay).
Previous to this, Animall had raised INR 15 Lakhs in a pre-seed funding spherical from Pratilipi’s vice chairman Gauri Kanekar and angel investor Rakesh Yadav. Later in June, the corporate raised INR 5.65 Cr seed spherical led by Beenext Asia, Shaadi.com’s founder Anupam Mittal and WEH Ventures had additionally participated on this spherical.
In keeping with an Entrackr report, which first reported the event, the corporate is valued at INR 175 Cr ($23 Mn) within the newest transaction. The corporate’s valuation has grown 7x within the final six months, and was valued at INR 25 Cr throughout its seed funding spherical again in Might.
Based by Anurag Bisoyi, Sandeep Mahapatra, Libin Babu and Neetu Yadav in 2019, the corporate permits dairy farmers to promote and purchase cattles on its platform, permitting them to avoid wasting their time, cash and efforts.
It additionally permits dairy farmers to attach and have interaction with specialists and docs on the platform. It’s companies can be found throughout all main components of the nation.
The platform operates primarily via its web site and Android-based software referred to as “Pashu Mela” and has over 1,000,000 downloads on the Google Play Retailer app.
Sequoia Capital India has been named as one of many high 10 enterprise capital companies in India, in line with Inc42 Plus report The State Of Indian Startup Ecosystem Report 2020.. It’s primarily based on investments made between January 2014 and the primary half of 2020. Sequoia Capital is an American enterprise capital agency, headquartered in Menlo Park, California.
It’s stated to have belongings price $5.four Bn below administration in India, alone, unfold throughout seven funds. The corporate has invested in practically 245 corporations in India together with BYJU’S, Bira91, OYO, Khatabook, Rupeek, Meesho, and CRED.
The VC agency additionally holds an accelerator programmed referred to as the Surge to mentor and put money into corporations throughout Southeast Asia, together with India. Each six months, Sequoia shortlists 15 to 20 startups for every cohort and supplies a capital funding of $1 Mn to $2 Mn with participation from different buyers.
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