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Refex Capital leads round in Rage Coffee; Prime Securities invests in Fantasy Akhada
Photo Credit: Pixabay

Rage Coffee, a Delhi-based company that manufactures, markets, and distributes packaged coffee products, has raised growth capital as part of its pre-Series A round led by Refex Capital. 

The round also saw participation from investors including 9 Unicorns Venture Capital Fund, Emarson Computers, CC One Venture Labs and Spotlight Capital. 

In January, the startup secured funding from revenue-based financing platform GetVantage as part of the same round. 

Rage Coffee, which is operated by Swmabhan Commerce Pvt Ltd, was founded in 2018 by Bharat Sethi, who had previously launched business-to-business (B2B) ecommerce marketplace iDecorama and online platform for artists and designers PosterGully. 

Fantasy Akhada 

Fantasy Akhada, a cricket and football-focused fantasy sports platform, has raised Rs 5 crore from Prime Securities, a boutique investment banking firm. 

The platform offers both casual and real-money-based games. It will foray into newer sports like kabaddi and basketball. 

Amit Purohit, Fantasy Akhada founder, is an alumnus of the Birla Institute of Technology and Science-Pilani and XLRI-Jamshedpur. Prior to setting up the startup, he was associated with companies including Star TV Network and ITC Ltd. 

The startup had last year secured funding from cricket commentator and analyst Harsha Bhogle. 

SuperBottoms

SuperBottoms, which makes diapers for babies, has raised $2 million (Rs 14 crore) in its Series A round from Saama Capital and existing investor DSG Consumer Partners.  

The company, launched in 2016, will primarily utilise the capital for brand awareness campaigns.  

The firm says its cloth diapers are skin-friendly and can be washed and re-used more than 250 times. SuperBottoms sells over 30,000 diapers each month chiefly through its website and other leading e-commerce platforms. 

The company had raised Rs 1.6 crore in its first external round in November 2018, led by Titan Capital. DSG Consumer Partners invested in the pre-Series A round in January 2020.   

In the baby diaper segment, SuperBottoms competes with Procter & Gamble's Pampers, Kimberley-Clark's Huggies and Unicharm's Mamy Poko Pants. 

HDFC

India's largest private-sector mortgage lender HDFC has made a part-exit from Reliance Power, part of Anil Ambani-led Reliance Group. 

The lender has sold 2.2% stake. Based on the current share price, the size of the transaction could be Rs 30-32 crore. HDFC still holds 4.7% stake.

Reliance Power has close to 6,000 megawatt (MW) of operational power generation assets 

Its portfolio includes 3,960 MW Sasan Ultra Mega Power Project (Madhya Pradesh). 

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