1. Market Data
August 4, 2016

Deals this week: Avon Products, Jumia Group, Voonik Technologies

Avon Products has raised $400m through its wholly owned subsidiary Avon International Operations.

Avon Products has raised $400m through its wholly owned subsidiary Avon International Operations.

A manufacturer and direct seller of beauty and cosmetic products, Avon Products plans to use the funds towards debt repayment.

Jumia Group has raised $55m from CDC Group (formerly Commonwealth Development Corporation).

CDC Group is a UK-based development finance institution.

"Jumia Group plans to use the proceeds for its expansion plans and to enhance existing operations."

Formerly known as Africa Internet Group, Nigerian online platform Jumia Group plans to use the proceeds for its expansion plans and to enhance existing operations.

Voonik Technologies (Voonik.com) has raised $2.98m ($200m) in funding from InnoVen Capital India.

Both based in India, Voonik.com is an online apparel and lifestyle accessories retailer while InnoVen Capital is a venture capital firm.

The funds will be used by Voonik for marketing through television commercials.

Future Lifestyle Fashions plans to raise Rs5000m ($74.61m) through private placement of non-convertible debentures. Future Lifestyle Fashions, an apparel and accessories retailer based in India, plans to use the funds for operations.

Bright Lifecare (operating as HealthKart.com) has raised Rs800m ($11.96m) in a Series E round of funding from Sequoia Capital India Advisors, Omidyar Network India Advisors and Kae Capital.

An online retailer offering dietary supplements and healthcare products, HealthKart.com will use the funds for offline expansion, product expansion and marketing.