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Capillary’s valuation after its third round of institutional fundraising is estimated to be $170-180 million (Rs 1,080-Rs 1,140 crore).
Kaya reported its maiden profit in the June quarter, will adopt a capex-light strategy to fuel growth and sustain margins.
Wellness firm VLCC is closing in on a global acquisition as part of its ongoing expansion, while it is also looking to expand aggressively in Africa, as per a report in PTI.
Beauty and wellness firm VLCC plans to invest more than Rs 300 crore over the next three years to fund expansion in domestic as well as international markets.