The company, set up by a doctor couple, Alok Kanungo and Mamata Tripathi, will use the funding to expand its footprint across the state using a hub-and-spoke model.
As early movers in these sectors, they aim to shore up their advantage before larger merchant banking firms move into an area regarded as a "hot sector" for deal-making today.
Innovation in food products: Foodpreneurs look to serve Indian foodies through new and efficient business models
Several entrepreneurs are vying to tickle the palates of Indian foodies with innovative products delivered through new and efficient biz models finds ET.
Home-grown firms focus on creating specialised teams and honing skills to shore up their advantage before the big guys join the race
The Calcutta Angels, a network of wealthy industrialists, is evaluating young ventures in Mumbai and also Singapore as it looks to close its fourth investment.
Those scouting for fresh talent include firms such as Sequoia Capital India, Tata Capital Growth Fund, Gaja Capital Partners, ICICI Venture and Partners Group.
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