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Varco Leg Care raises $500K in Seed funding

EntrackrEntrackr · 1y ago
Varco Leg Care raises $500K in Seed funding
Medial

Delhi-based leg care brand Varco Leg Care has raised $500,000 (over Rs 4.5 crore) in Seed funding round led by Sunicon Maiden Fund, an early-stage venture fund curated by Sunicon Ventures. Prior to this, Varco Leg Care had raised a cumulative Rs 3.1 crore ($370,000) through its previous funding rounds. According to the company, its valuation has grown by 2x in the past 10 months. However, it did not disclose the numbers. Varco Leg Care will be utilizing the capital to strategically bolster capabilities across various fronts, which include enhancing offline touchpoints, advancing research and development (R&D) initiatives, and scaling and optimizing marketing efforts. Varco Leg Care aims to revolutionise leg health management by leveraging technology and clinical expertise. The firm has created a wide range of leg care products that address the end-to-end leg health needs of customers worldwide targeting health issues like varicose veins, diabetic foot, foot ulcer, and restless leg syndrome, among others. As per the company, it saw 110% increase in the brand’s revenue over the past year. Since its inception in 2022, Varco claims to have served more than 5 lakh customers, and expanded its presence to more than 3,000 medical stores across Mumbai, Bangalore, Delhi, and other Indian cities. Varco’s products are available at organised retail outlets such as Guardian Pharmacy, Noble Plus, Wellness Forever, and others. On the online front, it sells its products through its own website, as well as via marketplaces like Amazon, Flipkart, 1mg, and others.

IndoSpace plans to raise investment up to Rs 4,500 Cr in logistics, warehouse parks in TN

YourStoryYourStory · 10m ago
IndoSpace plans to raise investment up to Rs 4,500 Cr in logistics, warehouse parks in TN
Medial

- IndoSpace plans to invest up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu to strengthen its presence in the manufacturing sector. - The investment will support the growing manufacturing sectors like automobile and electronics in Tamil Nadu. - The move is expected to create over 8,000 new jobs and enhance the state's industrial infrastructure. - IndoSpace has already developed over 8.8 million sq ft of completed infrastructure in Tamil Nadu and has an additional 2 million sq ft under construction. - The company's presence in Tamil Nadu includes 15 Grade A parks spread across 649 acres, serving 66 tenants from various sectors. - IndoSpace has a total equity committed to Tamil Nadu of $380 million and offers a potential chargeable area of 15.4 million sq ft in the state.

D2C Insider launches Super Angels Fund with Rs 25 Cr corpus

EntrackrEntrackr · 10m ago
D2C Insider launches Super Angels Fund with Rs 25 Cr corpus
Medial

D2C Insider, a D2C community with over 10,000 founders as members, has launched the Super Angels Fund—an operator fund tailored for the new-age consumer space. Recently, the firm launched the third cohort of its flagship Elevate Program. The program offers a structured 12-week hybrid boot camp, with guidance from over 25 industry leaders like Aditya Sharma (The Souled Store), Karthik Reddy (Blume Ventures), and Gaurav Khatri (Noise) among others, The fund is backed by over 50 D2C founders, including industry stalwarts like Aneesh Seth (Dr. Seth’s), Vedang Patel (Souled Store), Soumya Kant (Clovia), Kunal Bahl (Snapdeal), and Vivek Biyani (Broadway). With a corpus of Rs 25 crore, the Super Angels fund is set to empower innovative pre-seed/seed stage D2C startups by providing them with capital invaluable mentorship, and strategic guidance from experienced operators. The fund plans to deploy the corpus across 20-25 early-stage startups in the pre-seed/seed stages, with average cheque sizes of Rs 1 crore, by partnering and co-investing with other leading funds via its vast community networks. The D2C Insider Super Angels fund has already made a first close of Rs 10 crore and has executed nine investments in Basil, PiknDel, Samosa Party, Crest, Assembly, Futwork, The Solved Skin, Business On Bot and Snackibl

Chennai to add 12-13 million sq ft of premium office space in 2025-26

Economic TimesEconomic Times · 8m ago
Chennai to add 12-13 million sq ft of premium office space in 2025-26
Medial

Chennai is experiencing strong demand for premium office space, prompting the addition of 12-13 million sq ft between 2025 and 2026. Currently, the city houses 250 Global Capability Centres (GCC) employing over 150,000 professionals, with projections of reaching 460 units and 350,000 talent by 2030. The government's strategic policies, such as the Tamil Nadu Startup and Innovation Policy, have contributed to Chennai's emergence as a hub for innovation and talent. Additionally, the city is ranked third in GCC leasing activity after Bengaluru and Hyderabad, with office absorption increasing significantly. Other cities in Tamil Nadu are also emerging as key manufacturing hubs, attracting investment opportunities for GCCs.

India’s data centre investments to exceed USD 100 bn by 2027: CBRE

LivemintLivemint · 7m ago
India’s data centre investments to exceed USD 100 bn by 2027: CBRE
Medial

Investment commitments in India's data centre market are projected to exceed $100 billion by the end of 2027, driven by strong demand and expansion in the digital infrastructure sector. Maharashtra and Tamil Nadu are emerging as preferred destinations for investment. Mumbai remains the dominant market, followed by Chennai, Delhi-NCR, and Bengaluru. The country's data centre stock is expected to grow from 1,255 MW to around 1,600 MW by the end of the year, with Mumbai and Chennai leading in supply additions. Demand from various sectors, including technology, BFSI, fintech, and media, is expected to contribute to occupancy rates. India's generative AI sector is also anticipated to boost data centre demand.

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