Vidooly, Country Delight raise funding; Govt to set up logistics fund
Saturday February 09, 2019,
2 min Read
Indian startup Vidooly has raised a Series C funding of Rs 15.08 crore led by Alibaba (Netherlands) BV and existing investor Times Internet. It’s being reported that Alibaba put in Rs 14.3 crore while the remaining Rs 71 lakh came from Times Internet. Noida-based Vidooly was launched in November 2014 and provides an online video intelligence software platform that allows companies to drive more engagement for video content.
New fund for logistics startups
In the recently drafted National Logistics Policy 2018, the Department of Commerce’s logistics division has suggested setting up a startup acceleration fund. The acceleration fund will be incubating startups in the logistics sector. It will help them adopt newer technologies faster, and promote innovative practices that can help reduce costs and turnaround times. The government will be emphasise on incentivising new technology in the farm-to-plate space.
Country Delight raises funds
Venture capital firm Matrix Partners announced an investment of Rs 70 crore in premium fresh milk brand Country Delight. The round also saw participation from existing investors Orios Venture Partners. Delhi-based Country Delight, founded by Chakradhar Gade and Nitin Kaushal in 2015, plans on utilising the funds to scale its operations nationally. The company is also entering other segments including yoghurt and paneer.
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