FAAD Capital invests in agritech startups through AgriManch Accelerator
SEBI-registered Category 1 Angel Fund FAAD on Wednesday announced pre-seed investments in Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech under its AgriManch Accelerator.
These four agritech startups together received $121K through the AgriManch Accelerator. Along with the funding, startups will also receive networking opportunities with stakeholders and expertise in building go-to-market strategies.
Godaam Innovations specialises in providing smart storage solutions, while Aqin Biotech has introduced patented formulations for aquaculture and livestock feed. Mkelly Biotech develops premix powder comprising millets and mushrooms to enrich the nutritional profile of flour and associated products and VedaFit Foods produces healthy and natural products to combat artificial food behaviour.
Myntra adds gifting category on the platform
Ecommerce platform Myntra on Wednesday added a gifting category to its marketplace, it said in a statement.
Under these efforts, the company has onboarded gifting players like Ferns and Petals, IGP, Floweraura, Interflora, and Marriott. The category will feature a wide selection of products from 100+ brands across 50 categories, and aims to amp up its selection to one lakh products by the Rakhi season. Myntra said it witnessed a 1.6X spike in demand in the top gifting categories like watches, perfumes, and gift sets during Rakhi last year.
The company mentioned it will offer same-day and next-day delivery on a wide variety of gifts in 10
cities, with more names to be added soon.
Gupshup appoints Lorrie Norrington to Board
Cloud-based conversation platform Gupshup on Wednesday appointed Lorrie Norrington to its Board in a bid to bring its experts with experience in scaling internet businesses to the company.
Norrington is also on the Board of global multinational Colgate-Palmolive and SaaS companies like Hubspot and Asana, among others.
Norrington currently serves as an Operating Partner at Lead Edge Capital and has previously worked at companies like eBay, Shopping.com, Intuit, and General Electric Company. She was at eBay for 3 years and departed as company’s President of eBay Marketplaces.
(This article will be updated with the latest news throughout the day.)
