Earlier, Holachef had raised a seed fund of Rs 2 crore or Rs 20 million from India Quotient in February 2015.
Tencent reinforces India's consumer internet story. Ranju Sarkar reports.
Investors seem to be very keen on investing in startups.
However, seed-stage deals have shrunk less this year than VC rounds.
In India, where it is tougher to do business, a start-up gets established by the Series-B stage, and it gets expensive for investors.
Many believe he would soon start a new venture.
The investor community says the move by the Securities and Exchange Board of India (Sebi) to bring angel funds under the Alternative Investment Funds Regulations is a mix of good and negatives.
The past few years have seen the first cycle of mergers and acquisitions, exits, and track-records being created.
Access to capital for sub-standard companies is on the decline
Two entrepreneurs launched iTiffin with an aim to provide low calorie, healthy tiffin service to corporates and individuals.
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