Mumbai, India-based impact investment fund Ankur Capital shelled out INR50 lakh for a 30% stake in each of the Indian rural startups cloud farm-management systems firm Cropln, home compost company Daily Dump, and eye-care service provider ERC.
Hospitality/Food
Pizza chain Sbarro said to be readying second bankruptcy filing
Sources told Bloomberg that pizza restaurant chain Sbarro is preparing for a bankruptcy filing which could take place any time in the next few weeks.
Dash secures $1.2M in seed funding round
New York-based dining payments startup Dash received $1.2 million in its seed funding round from existing backers and a new investor, bringing to $1.9 the funds raised so far, VentureBeat reported.
Colony Capital and Woodridge Capital Partners acquire Ritz-Carlton Kapalua resort
Colony Capital and Woodridge Capital Partners have joined forces to acquire the Ritz-Carlton Kapalua resort in Maui, Hawaii for an undisclosed purchase price, Bloomberg reported.
Private equity firm The Riverside Company acquires Italy-based food firm Optima
Global private equity firm The Riverside Company has acquired Optima and related company Mec3 which makes ingredients for gelato, pastries and others, for an undisclosed amount.
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Li Ka-Shing, the richest man in Asia, led a $23-million investment round in Silicon Valley, US-based synthetic egg startup Hampton Creek which is preparing to conquer the Asian market.
Investors of large consumer food companies want them to take bolder action than just merely cutting costs as their smaller competitors take on risks and increase market share, Reuters reported.
Illinois, US-based agricultural giant Archer Daniels Midland (ADM) invested $25 million in equity in Menlo Park, California-based renewable chemicals firm Rennovia as its latest venture into renewable plastics.
Tencent Holdings Ltd, the biggest Internet company in Asia, purchased a 20% stake in online review platform Dianping.com, as it steps up its location-based services, Bloomberg reported.
US-based non-profit technology transfer center for bakers and food processors American Institute of Baking (AIB) added Beijing, China-based certification body Beijing Sino-Swiss ADC Service Co Ltd (SSADC) for an undisclosed amount.
Jackson, Mississippi-based fresh eggs producer and distributor Cal-Maine Foods agreed to acquire the remaining 50% of the remaining interests in Utah-based Delta Egg Farms from Iowa-based Sunbest Foods for a total of $17 million.
Health and lifestyle investors Tripp Baird and Vishal Vasishth are in the process of raising $150 million for their Builders Fund in San Francisco, based on a document filed with the Securities and Exchange Commission (SEC).
Aside from robbing income from original makers of content, piracy websites also make around $4.4 million annually from ads, according to a study published by Digital Citizens Alliance.
Boston, US-based smart eyewear startup Laforge Optical launched a crowdfunding campaign on Indiegogo to raise $80,000 for the testing and app development for its fashionable smart glasses called Icis.
