Maverick group invests Rs 3 cr for 30% stake in Original Ice Creams

The company will use the finance for expanding retail distribution into other cities of northern India, including Lucknow, Jaipur and Chandigarh.
  • Franchise India Buereau
Restaurant India

Delhi-based startup Original Ice Creams today said it has raised Rs 3 crore in equity funding from Maverick group for a 30 per cent stake in the company.

"Three of our outlets are already operational and we were able to achieve break even in the first month itself. We have planned to open 30 more outlets in the NCR region by 2019-20," Original Ice creams founder Vinay Gaur said.

He added that the company will use the finance for expanding retail distribution into other cities of northern India, including Lucknow, Jaipur and Chandigarh.

Nanotech startup Log 9 raises Rs 3 cr

Bengaluru based nanotechnology startup Log 9 Materials today said it has raised around Rs 3 crore from Metaform Ventures and others.

The pre series - A funding also saw participation from Hemant Luthra (Chairman, Mahindra CIE), GEMS and other angel investors, the company said in a statement.

Log 9 will be using the latest funds to strengthen its commercial operations and patented product portfolio, as well as boosting R&D activities extensively, it added.

Data science expert Nuria Oliver joins Comviva Board .

Mobility solutions provider Comviva today said data science expert Nuria Oliver has joined its advisory board.

Oliver is director of research in data science at Vodafone, chief data scientist at Data-Pop Alliance and chief scientific advisor for the Vodafone Institute, Comviva said in a statement.

"She will work with the Comviva leadership team, providing strategic recommendations on the company's existing portfolio and new initiatives. She will also provide her expertise on strategic alliances and investments," it added.

RECOMMENDED FOR YOU