The fresh funds will enable Nuuk to expand its product portfolio, covering home environment solutions, vacuum cleaners, and meal preparation appliances. The company also plans to venture into smart IoT devices and high-performance home solutions.
BharatPe's settlement with Ashneer Grover ends their association, transferring his shares to a company trust and family trust while resolving all legal disputes, concluding their two-year conflict.
IPV's investment strategy is sector-agnostic, targeting startups from pre-seed to pre-series A stages, with cheque sizes starting at USD 100k and going up to USD 2 million.
The fund seeks to create a diverse portfolio of "solutions for the future" and intends to invest in 40 start-ups over the course of the next three years, ranging from seed to pre-series A.
This acquisition is in line with BharatPe Group's vision to be at the forefront of addressing the credit gap for millions of businesses and consumers in the country
The court granted time to Grover and other defendants to file their response in the matter and asked the plaintiff to consider creating a confidentiality club to allow them access to certain material.
In a civil lawsuit, running into 2800 pages, filed in the Delhi High Court on Thursday, BharatPe has sought INR 88.67 crore from Grover, his wife Madhuri Jain Grover, and family members
In a letter to the board of BharatPe, the former co-founder threatens defamation charges against Sameer for a comment made on Grover's sister on LinkedIn