Data engineering company Sigmoid has closed a Series B investment of $12 million from Sequoia Capital India while Nobel Hygiene raised about $17 million from existing investor Sixth Sense Ventures.
Sequoia invests $12m in Sigmoid
Sigmoid, a data engineering, analytics and AI solutions company, on Thursday announced that it has closed a Series B investment of $12 million, in a mix of primary and secondary funding, from Sequoia Capital India.
This takes Sequoia Capital India’s total investment in Sigmoid to $19.3 million, the startup said in a statement. The new capital will fuel the company’s plan to evolve its market offerings, expand delivery centres and cater to new industries, the statement added.
“The last 12 months have been an inflexion point in our growth story. As we gear towards our next phase of growth, we are happy to see Sequoia Capital India continue to believe in us. This will help us to rapidly expand our capabilities in terms of solutions and talent to meet the ever-growing customer demand,” said Lokesh Anand, CEO and co-founder at Sigmoid.
Founded in 2013 by IIT alumni Lokesh Anand (CEO), Mayur Rustagi (CTO) and Rahul Kumar Singh (CAO), Sigmoid helps accelerate digital transformation for enterprises across industries with data. Sigmoid builds reliable, scalable data pipelines and accelerators, which it claims empower organisations with faster access to business insights.
Nobel Hygiene raises $17m led by Sixth Sense
Nobel Hygiene Pvt Ltd, a Mumbai-based hygiene products maker, has raised about $17 million (Rs 132 crore) in its Series C funding round from existing investor Sixth Sense Ventures.
This marks Sixth Sense’s largest investment in the Indian FMCG sector till date, according to a company statement. The startup will use the funds to boost its growth trajectory and further scale manufacturing, the statement added.
Established in 2000, the company makes baby diapers under the brands Teddyy and Snuggy and sanitary pads under the brand Rio.
In June 2021, Nobel Hygiene raised Rs 450-500 crore in an investment round led by Quadria Capital. During this round, the Sixth Sense Ventures also bought shares in an independent parallel transaction from other angel investors while PE investors CLSA Capital Partners, Access India fund and co-investors exited the investment.