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Funding

Dev Milk Foods raises Series A funding from Fireside Ventures, Pi Ventures

Dairy foods startup Dev Milk Foods, which operates under the brand name Frubon, has secured funding from Fireside Ventures Pi Ventures LLP (Narotam Sekhsaria Family Office) and other angel investors.

The funds will be used to boost the startup’s retail presence, expand to other north Indian cities via various retail channels, strengthen production and distribution, and increase the product offering.

Medical devices startup Noccarc raises $2M from IAN and others

Medical devices startup Noccarc has raised $2 million in a funding round led by Indian Angel Network. Institutional investors including IIT Kanpur, Small Industries Development Bank of India, and Technology Development Board also participated in the round.

The funds will be used to accelerate the company’s growth and expand its product portfolio, the company said in a statement.

Other news

Mufin Green Finance plans to acquire LKP Finance Ltd

EV financing non-banking financial company (NBFC) Mufin Green Finance has laid out a proposal to acquire BSE-listed NBFC LKP Finance Limited. This is likely to bring in about Rs 340 crore to Mufin Green Finance, the company said in a statement.

(This copy will be updated with the latest news throughout the day.)