Deals this week: Dabur India, Shoppers Stop, Home Inc.
Dabur India and Amazon India have formed a joint venture (JV) to sell the former’s Ayurvedic products on the latter’s online marketplace.
Consumer goods company Dabur India will take the lead on the content as part of the JV.
Dabur India expects the deal to strengthen its presence in the natural consumer products market.
Shoppers Stop has reached an agreement to raise approximately Rs1.79bn ($27.54m) in a private placement of 43,95,925 preference equity shares, representing a 5% stake in Shoppers Stop.
The shares will be subscribed to Amazon.com NV Investment Holdings LLC.
Based in India, Shoppers Stop is a retailer that plans to utilise the proceeds towards capital expenditure, working capital and general corporate purposes.
Home Inc. has completed a Series A financing round to raise $5m.
The financing round was led by Sky9 Capital and saw the participation of existing investor Capital Today.
Sky9 Capital and Capital Today are private equity firms based in China, while Home Inc. is a social e-commerce platform for furniture and home furnishings.
J.Carter Sporting Club (operating as Castore) has raised £1.2m ($1.62m) in funding from a group of private investors.
The financing will be used to open stores in Canary Wharf, Bank and Chelsea in London, UK.