Venture Capital

Peel-works Gets $5M In Funding From Equanimity Ventures, Hdfc Bank

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In the grocery segment, Peel-Works is looking to hit close to a billion dollar GMV run rate in 2019.: Mumbai-based Peel-Works said Monday it has raised USD 5 million (around Rs 34.85 crore) from a clutch of investors led by Equanimity Ventures along with HDFC Bank. The series B funding round also saw participation from Schroder Adveq Holding AG vice-chairman and founder Bruno Raschle and existing investors Unilever Ventures, Chiratae Ventures and Inventus Capital India. "This capital, for which the term sheet was signed in October 2018, will enable Peel-Works to strengthen its retail management platform Taikee.

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