2016-12-13
India: Startups Bonita, TESSOL and Indofash raise funds
The latest in the deals space in India has seen three companies including home utility startup Bonita, thermal-energy storage startup TESSOL and online marketplace Indofash have raised funding. Home utility startup Bonita gets funding from group of investors Bonita India, a home utility startup, has raised an undisclosed amount of funding from a group of individual investors, the company said in a press release. “The money raised in this round will be spent on brand-building exercises including BTL & ATL activities, investment in new product development, launches, creating product awareness

TESSOL receives funding from Infuse Ventures & Ankur Capital

Thermal-energy storage startup TESSOL has received a Series A round of funding from cleantech fund Infuse Ventures and impact investor Ankur Capital, according to a statement.

TESSOL will utilise the funds for expanding its sales and service network across India and create more products. In 2014, the startup raised seed funding from Infuse Ventures. TESSOL provides energy efficient and fuel saving refrigeration technologies for cold chain storage and logistics. The company was founded in 2013 by IIT Delhi alumnus Rajat Gupta. It is operated by Thermal Energy Service Solutions Pvt Ltd.

(Source: dealstreetasia.com)