Online jewellery site Velvetcase.com, has raised $1.5-2 million in a second round of funding; SSV has invested an undisclosed amount in Noida-based sanitary napkin making firm Paree; and Consumer-focused venture capital firm Sixth Sense Ventures has closed its debut fund at Rs 125 crore ($18.34 million).

Velvetcase Bags up to $2M from Uniqorn Ventures Fund, Others

Bodhi Brands Pvt. Ltd , the company that owns and operates online jewellery site Velvetcase.com, has raised $1.5-2 million in a second round of funding, led by Uniqorn Ventures Fund with participation from a group of angel investors like T.V. Mohandas Pai and S. Somasegar through Letsventure (a crowdsourcing platform). Existing investor The Chennai Angels also participated in the round.

The company raised Rs.6 crore in 2014. Mumbai-based Bodhi Brands, founded in 2012 by Kapil Hetamsaria and Runit Shah, aims to use the funds for marketing initiatives, strengthening technology and developing solutions that are seller-centric. “We are looking to acquire or develop technology that will help sellers set up their online stores, track and manage inventory among other things. We may look at other mediums such as print and television advertising as a means to build the brand,” told Hetamsaria to DealStreetAsia.

SSV Invests Undisclosed Amount in Noida-based Sanitary Napkin Firm Paree

SSV has invested an undisclosed amount in Noida-based sanitary napkin making firm Soothe Healthcare Pvt. Ltd which owns a brand called ‘Paree’, with participation from existing investor Saina Nehwal, who has been the brand ambassador for Paree since 2014. Last year in November, she invested an undisclosed amount in the company. According to a Times of India report, the fresh deal amount is around $2 million. SSV’s other five investments include in firms like ETHOS; CrossRoads; GRAB; Weddingz.in and JHS Svendgaard.

Founded in 2012, Soothe Healthcare offers women’s personal hygiene products such as sanitary napkins and diagnostic kits for oncology screening.

Sixth Sense Ventures Closes Debut Fund at $18M

Consumer-focused venture capital firm Sixth Sense Ventures – which has already backed five companies – has closed its debut fund at Rs 125 crore ($18.34 million). Small Industries Development Bank of India (SIDBI), several domestic CEOs and high networth investors participated in the fund besides some limited partners (LPs).

Founded in 2014 by Nikhil Vora, Sixth Sense Ventures is planning to invest in 12 startups from this fund as per the new strategy. Vora has also been an individual investor in several startups. His investment portfolio includes companies like One97 Communications, Kangaroo Kids Education, Vini Cosmetics and Women’s Next Loungeries Ltd. Vora also joins several other top company executives who raised their own funds or are on the road to set up their fund. Last year, Gurpreet, ex-managing director of PE firm Chryscapital, had raised $100 million in his maiden fund, reported DealStreetAsia.

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