New Biz

[Funding roundup] Dwija Foods, Webnyay and Razor Club raise early-stage deals

Negen Capital AIF invests Rs 5.15Cr in Mumbai-based Dwija Foods

Mumbai-based B2B beverage vending company Dwija Foods has announced its maiden institutional fund-raise worth Rs 5.15 crore led by Negen Capital AIF. Indorient Financial Services are the advisors to this fundraise.

 

Established in January 2020 and founded by Dibakar Chatterjee, Jayati Chatterjee, and Shailesh Pardeshi, Dwija provides tech-enabled brewing focussed on delivering a wide range of choices in tea, coffee and adjacent beverages to enterprises through their brand ‘XTC’. The company prides itself on servicing corporates and HoReCa across the country through direct and distributor channels.

Dwija sources its own tea and coffee and has curated a variety of in-house blends to provide customers with the experience of having a homemade beverage at the workplace.

Webnyay raises undisclosed sum led by Inflection Point Ventures

Online dispute resolution and grievance redressal platform Webnyay has raised an undisclosed amount in its seed round led by Inflection Point Ventures, with participation from SucSEED Indovation Fund. The funds raised will be used to scale up the products, and build AI, machine learning, and NLP capabilities, among others.

The startup was founded in 2020 by Vishwam Jindal, who brings in over nine years of experience in dispute resolution, public policy, white collar investigations, and sanctions work, along with Ishita Jindal with over six years of work experience in product design and management.

Webnyay has developed an easy-to-use technology system for grievance redressal and dispute resolution. The startup has proprietary technology allows users to draft legal documents for arbitration without an advocate or external legal help. It is available in multiple languages and has been used to resolve grievances and disputes in numerous sectors including media and entertainment, banking and fintech, healthcare, and ecommerce.

Consumer and wellness startup Razor Club raises $100K from ah! Ventures Angel Platform and others

Chennai-based consumer and wellness startup Cutis Consumer Pvt Ltd, which operates Razor Club and Pro Nutrine, has raised $100,000 in angel funding from ah! Ventures Angel Platform and other angel investors.

According to Navarun Bhattacharjee, CEO and Founder of Cutis Consumer, the funds will be allocated towards marketing, creating content, new product offerings, building the distribution processes (offline – modern trade and online) and on boarding new talent to optimize the team for its future goals.

Cutis Consumer is currently operating in Bengaluru, Mumbai, Rest of Maharashtra, and recently in some parts of North India offering personal care products.

The brand looks to be present in modern trade, pharmacy chains and retail chains in select cities and in online marketplaces like Amazon, Flipkart, 1mg, Pharmeasy, and others.

Edited by Affirunisa Kankudti