Allana Group invests in LT Foods; India Quotient leads round in NeoDove

Allana Group invests in LT Foods; India Quotient leads round in NeoDove

By Narinder Kapur

  • 23 Mar 2021
Allana Group invests in LT Foods; India Quotient leads round in NeoDove
Credit: Pixabay

The Allana Group, an exporter of processed food products and agri-commodities, has picked up a 1% stake in publicly listed LT Foods for Rs 20 crore ($2.76 million). 

The group, established in 1865, distributes brands such as London Dairy Ice Cream and Sunny Oil. It also exports frozen and chilled meat and processed frozen fruit and vegetable products, among others. 

LT Foods operates brands including Daawat, Royal, and Devayya. The company reported consolidated net sales and profit of Rs 4,146 crore and Rs 199 crore, respectively, for the 2019-20 financial year. 


Shares of LT Foods were trading 2.95% up at Rs 59.3 apiece at the time of writing this report. 

NeoDove, a sales and marketing automation platform focused on SMEs, has raised $1.5 million (around Rs 10.8 crore) in a seed funding round. 


The exercise in Jaipur-based NeoDove has been led by early-stage investor India Quotient. Other participants include angel backers Vyapar founder Sumit Agarwal and Wakefit founder Ankit Garg. 

NeoDove was set up last year by Arpit Khandelwal and Ankit Kumar Agarwal. While Khandelwal has worked with Ola, Agarwal has been associated with CarDekho and Cvent. 

NeoDove says its platform offers a multi-pronged cloud-based communication solution that helps sales teams communicate with customers more efficiently. Features include multi-lingual support and customised script builder. 


NeoDove will use the capital it has raised to ramp up product development and international expansion, and grow its domestic customer base. Prior to this seed round, the company says it raised an undisclosed amount in angel funding in August last year.

SkilloVilla, which focuses on career and job-oriented upskilling, has raised $300,000 (around Rs 2.17 crore) in a seed funding round.


Investors in this round include Titan Capital, TrueNorth partner Haresh Chawla, Cred executive Miten Sampat, Haptik co-founder and CEO Aakrit Vaish, and Mamaearth co-founder and CEO Varun Alagh.

SkilloVilla was set up by Ronak Agarwal, Rajat Agarwal, and Deepak Kharol.

Apart from upskilling, SkilloVilla also offers services including resume creation, mock interviews, and connecting students with employers from over 300 partner companies.


Jeevam Health has raised $150,000 (around Rs 1.08 crore) from Y Combinator.

The company was set up last year by Piyush Vishwakarma, Kamran Alam, and Anish Musa.

Jeevam Health says it is targeting over 200 million people suffering from chronic health conditions, with its doctors using a combination of nutritional biochemistry, personalised nutrition plans, and digital tools.

“[The] funding will be a boost to bring awareness to the masses.” Vishwakarma said. The startup claims to have assisted several hundred patients since inception.

Unotag, which helps companies improve sales using gamification, has raised an undisclosed amount from the Indian Angel Network (IAN) as part of its angel funding round.

The round in Bengaluru and Singapore-based Unotag was led by IAN angels Vikas Kuthiala, Anand Saklecha, and Pradeep Jaisingh.

Unotag, operated by KMUnoTag Pvt Ltd, was set up by Mohit Ambani.

It also operates a proprietary artificial intelligence-based platform, Mok, that helps to improve productivity using behavioural economics and personalised nudges. The startup will use the capital raised in this round to enhance its technological infrastructure and expand to newer markets.

Recycle.Green, a clean-technology startup that is focusing on creating a circular economy and tech platform, has secured an undisclosed amount in seed funding from early-stage network India Accelerator.

The Ahmedabad-based startup, which was operating on a bootstrapped basis, was also added to India Accelerator’s Summer 2020 cohort, it said in a statement.

Operated by InnovateGreen Technologies Pvt Ltd, Recycle.Green says its platform aggregates all eco-friendly green product brands under one roof, with customers being able to buy and exchange them for waste.

It also operates a patented system – the Environmental Saving Value – that tells consumers the direct impact of products they are buying and utilising. The startup will use the capital it has raised to develop its digital marketplace.

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