Dabur India and VC firm A91 Capital were among others that looked at the possibility but passed. Sproutlife, the parent company of Yoga Bar, has been looking for strategic and financial investors to finance Rs150 crore.
Suhasini and Anindita Sampath's startup received its first round of investment from Fireside Ventures in 2015. According to VCCEdge, VCCircle's data and analytics platform, the venture capital company, co-founded by former Helion Venture co-founder Kanwaljit Singh, invested $3.3 million in the startup from 2015 to 2018.
Elevation joined Fireside in Yoga Bar's last equity round, a series C round, which took place in August 2020. The Sampath sisters own 49% of the corporation and are the company's main shareholders.
The new investor will most likely become a significant minority shareholder.
Yoga Bar offers protein bars and muesli, as well as peanut butter, whey protein, and gluten-free oats.
At around 2.46 PM, ITC was trading at Rs346.05 up by 0.28% from its previous closing of Rs345.10 on the BSE.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.