Pet care company Heads Up For Tails (HUFT) has rasied $37 million in its Series A funding round led by Verlinvest and Sequoia Capital India. In another development, Miko has raised funding from IIFL AMC, Mankind Pharma Family Office, and others.
Heads Up For Tails raises $37m
Delhi-based pet care company Heads Up For Tails (HUFT) has rasied $37 million in its Series A funding round led by Verlinvest and Sequoia Capital India, per an announcement.
The funding round also saw participation of Amitell Capital and existing investor W&C PetTech.
HUFT will use the funding proceeds to increase its distribution footprint across India and accelerate new product development and manufacturing. A part of the funds will also be spent towards increasing awareness among existing and new pet parents on the need for pet wellness and care.
Founded in 2008 by Rashi Sanon, Heads Up For Tails currently has a team of 350 people across functions such as marketing, product, brand, tech and manufacturing. It aims to increase their employee count to 450 by the end of this year.
IIFL AMC, others lead funding in Miko
Robotics startup Miko has raised $28 million in its Series B funding round led by IIFL AMC, Mankind Pharma Family Office, Aroa Ventures – family office of OYO founder Ritesh Agarwal, Manish Choksi from Asian Paints, and a clutch of global investors.
Existing investors IvyCap Ventures, Chiratae Ventures, YourNest Capital, Bruno E. Raschle from Schroder Adveq and evangelist Keshav R Murugesh (former chairman, NASSCOM) also took part in the funding.
This round comes within four months after its previous round led by IvyCap Ventures.
Founded in 2015 by IIT Bombay graduates Sneh R Vaswani, Prashant V Iyengar, and Chintan S Raikar, Miko provides a personalised robot to kids which engages, educates and entertains kids. It will use the funds for product development and to strengthen global alliances.