Ecozen Raises $25M in Series C Round Led by Nuveen and Dare Ventures
Ecozen announced that it has raised $25 million in combined equity and debt capital. The equity portion of the Series C is led by Nuveen and Dare Ventures (Coromandel International), Export-Import Bank of India (India EXIM Bank), and existing investors Caspian and Hivos-Triodos Fonds (managed by Triodos Investment Management) You have to participate. Early Ecozen investors Omnivore and his IFA have achieved partial exits in this round. The debt portion was provided by Maanaveeya Development and Finance, Oxyzo, Northern Arc group, HDFC Bank and Axis Bank.
Headquartered in Pune, India, Ecozen was founded by three IIT Kharagpur graduates: Devendra Gupta, Prateek Singhal and Vivek Pandey. Gupta said: With the new funding, Ekozen will aggressively expand its production capacity and product range. ”
“Nuveen seeks companies that mitigate climate change, build resilience to its impacts, and provide quality, affordable products and services to low-income consumer segments. Nuveen.
Electronica Finance Limited expands its Pune footprint
Electronica Finance Limited (EFL), a city-based financial institution for MSMEs, has opened a new branch at AP Pinnacle, Lonikand on Ahmednagar road. With this new branch, EFL now has a total of 160 branches, ¥280 billion assets under management.
The new branch was opened by Shilpa Pophale, Managing Director of EFL. she said: Lonikand has witnessed a surge in industrial development and is close to areas such as Wagholi, Shirur and Shikrapur. The Lonikand branch can extend its reach within 80 km radius of the branch, which helps us to better serve our customers. Our team here is dedicated to guiding new and existing clients looking for financing for their business. ”
Havmor Ice Cream opens new manufacturing facility at MIDC Talegaon
Havmor Ice Cream, a subsidiary of South Korean company LOTT EConfectionary Ltd, has pledged to invest ¥45 billion in 5 years. The company will use this investment to establish a new manufacturing facility at his MIDC Taregaon in Pune. Equipped with high-end engineering and design innovations, this state-of-the-art facility will be the brand’s first Korean technology-based facility in India.
The new facility will be built on a total area of 60,000 square meters leased from MIDC, with a significant increase in production capacity to meet future demand. This facility he plans to be fully operational in 2024. With the new facility, Havmor Ice Cream will create 1,000 employment opportunities for him from the surrounding communities.
Komal Anand, Managing Director of Havmor Ice Cream, said: Given that his per capita consumption of ice cream is low compared to other Asian countries, there is a lot of room to increase consumption. With this facility, we aim to expand our footprint and consolidate our position in the long term. ”
Rebel Foods invests in traditional offline F&B experiences
Rebel Foods, a city-based start-up internet restaurant company, has invested heavily to bring a traditional offline F&B experience to its customers. The company has launched its flagship smart food court, EatSure, on Law College Road in Erandwane, with three more to open near IT parks in Kharadi, Baner, Pimple Saudagar and Pimpri Chinchwad.
The store spans 3,000 square feet and offers a complete digital customer experience. Sagar Kochhar, co-founder of Rebel Foods, said: Traditional food courts had many brands, but customers had to wait in long lines at each store, and someone’s order in the group could arrive before others, making the whole experience The new EatSure food court sought to solve this broken experience where customers did not have to order each brand individually. This allows for a queue-free, fully digital ordering experience, easy tracking of order status, and group fun together. Backed by Rebel Foods’ operating system, these tech-enabled features sit under one roof with a unique digital ordering experience, making it India’s first smart food court. ”
Godawari Electric Motors Expands in Maharashtra
Godawari Electric Motors has opened its first showroom ‘Sourabh Wheels’ at Gangadam Kondhwa Road. This is in the hands of Pune Police (Traffic) Deputy Commissioner Vijay Kumar Magar and Dr Ajith Shinde.
Our showroom spans 1700 square feet. Customers will have access to his 3S facility provided by Godawari Electric Motors and the showroom will showcase the brand’s journey and become the customer’s single touchpoint for his end-to-end EV needs. Godawari also partners with major banks and his NBFC to provide credit facilities to its customers.
Haider Khan, CEO of Godawari Electric Motors, said: Saurabh Dolas is the right partner to lead Godawari’s EV vision in the region. This is the first of many showrooms located in Maharashtra and aims to provide a holistic experience of the brand and products.We are expanding our presence through more showrooms and products continue to expand. ”
BiofuelCircle develops a digital enterprise for FPOs and farmers
BiofuelCircle, a digital marketplace for biomass and biofuels, is developing a digital enterprise for FPOs and farmers. Established 20 companies in Maharashtra in partnership with BAIF under the guidance of MNRE and GIZ. A workshop was held in Pune to introduce the model and demonstrate its development in the field to strengthen the biomass supply chain.
BiofuelCircle co-founder and CEO Suhas Baxi said: FPO’s development challenges have been identified and it is now working to address them by advancing its mission to contribute to sustainability and green energy in India. ”
BAIF President and Managing Trustee Bharat Kakade said, “We are committed to an integrated program that will give new directions to rural programs by leveraging technology to create a vibrant bio-economy. I am,” he said.
