1. News
January 18, 2019

Deals this week: Snap+Style Business, Pepperfry, Crofarm Agriproducts

Snap+Style Business and Mi9 Retail have entered an original equipment manufacturing (OEM) partnership to create a combined solution for both customer engagement and point-of-purchase purposes.

Snap+Style Business and Mi9 Retail have entered an original equipment manufacturing (OEM) partnership to create a combined solution for both customer engagement and point-of-purchase purposes.

The end-to-end solution integrates key capacities of Snap+Style Business platform with Mi9 Retail’s unified commerce suite and is expected to improve incremental customer sales, as well as allowing retailers to offer personalised product suggestions to customers from their websites.

Snap+Style Business is a data analysis and technology platform, while Mi9 Retail is an enterprise software provider for brands, wholesalers, and retailers.

Both companies involved in the transaction are based in the US.

Transform Holdco, an affiliate company of ESL Investments hedge fund headed by of Sears Holdings’ chairperson Eddie Lampert, has submitted a revised $5bn bid to allow Sears to continue its business.

“Crofarm Agriproducts has received $0.5m in funding from a group of investors in a venture financing round.”

ESL deposited $120m in Sears during the submission of the bid, $17.9m of which is non-refundable.

The bid includes $663m in additional liabilities, $139m in administrative priority claims, and $180m-worth contracts. Additional severance costs will amount to $43m, while property taxes are $135m.

Sears is based in Illinois, US and provides digital and physical shopping services to its customers.

Crofarm Agriproducts has received $0.5m in funding from a group of investors in a venture financing round.

The funding round included Ramit Sethi from Strongbox Ventures, Vinay Mittal, former chief financial strategist of MT Media Strategy, and other high net-worth individuals (HNIs).

Other investors including FactorE Ventures, Ashish Chand from Yukti Securities, and Pravega Ventures also attended.

Based in India, Crofarm is an agri-tech start-up engaged in selling vegetables and fruits that are directly sourced from the farmers.

Pepperfry has announced plans to raise $100m in a fresh venture financing round from Goldman Sachs, Bertelsmann India Investments, and Norwest Venture Partners.

Based in India, Pepperfry markets and sells home products and furniture online.

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