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Startup Street: Curefoods raises $13 mn, Suumaya Agro buys majority stake in payAgri
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Startup Street: Curefoods raises $13 mn, Suumaya Agro buys majority stake in payAgri
Aug 25, 2021 11:30 AM

Curefoods, which operates cloud kitchen brand EatFit, announced a $13 million Series A fundraise. Iron Pillar led the round with participation from Nordstar and Flipkart cofounder Binny Bansal. The company is also looking to close a $10 million debt raise in the coming weeks. CNBC-TV18 spoke with Curefoods founder Ankit Nagori to discuss in detail the company’s fundraising plans and the outlook.

Venture capitalist firm Prime Venture Partners has announced its fourth fund of $100 million, with the first close of $ 75 million. Fund four investors include International Finance Corporation (IFC), part of the World Bank Group, a top-tier University Endowment, and several returning family offices and institutions, along with several technology entrepreneurs. CNBC-TV18's Startup Street team caught up with Amit Somani, managing partner at Prime Venture Partners, to know more about the fund.

Meanwhile, Suumaya Industries, through its subsidiary Suumaya Agro, has acquired a majority stake in agri-fintech startup payAgri. As the conglomerate seeks to diversify into the agribusiness, it wants to leverage payAgri's tech-driven seed-to-fork model, which digitally links farmers, processors and consumers in the agriculture value chain.

To tell more about the deal and how joining hands with a conglomerate will help scale the platform, KVM Rajkumar, co-founder of payAgri, spoke to CNBC-TV18.

Watch the accompanying videos for all the interviews

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