Deals this week: Victoria Beckham Ltd, Sequence Nutrition, WeShop

1 December 2017 (Last Updated November 30th, 2017 12:07)

UK-based private equity firm NEO Investment Partners has provided £30m ($39.98m) to Victoria Beckham Limited.

UK-based private equity firm NEO Investment Partners has provided £30m ($39.98m) to Victoria Beckham Limited.

Also based in the UK, Victoria Beckham designs and sells handbags, shoes, sunglasses and denims.

The funds are intended to be used to enhance the company’s digital and physical retail presence and expand its product portfolio.

“Chumbak intends to use the funds to expand its geographical presence and product portfolio in the country.”

Sequence Nutrition has raised £0.55m ($0.73m) from a venture funding round led by Angel CoFund and participated by Alex Chesterman and Simon Duffy.

The funding is to be used to expand functionality and the company’s product range to include meal plans and diagnostic services.

Based in the UK, Sequence Nutrition manufactures and sells nutrition products online to retail customers.

UK-based investment company Primorus Investments has invested £0.675m ($0.899m) in WeShop.

Also based in the UK, WeShop is an online retail marketplace operator that intends to use the financing to improve customer acquisition and engagement through enhanced marketing.

Indian online retailer of apparels, accessories, home and lifestyle goods Chumbak Design has raised Rs850m ($13.15m) in a new funding round led by Gaja Capital Partners ($8.04m).

The round saw the participation of Matrix Partners India Investments ($3.4m), Seedfund ($0.92m), and Narayan Ramachandran.

Chumbak intends to use the funds to expand its geographical presence and product portfolio in the country.