Bangalore based food commerce company – ItsMyMeal has raised $10Mn from angel investor.
The funds raised will be used to build kitchens in technology parks and company campuses. Each kitchen will cater 1000 packs of lunch, evening snacks and dinner per day. The venture aims to provide 40,000 meals per day in next 18 months in Bangalore.
The Foreign Investment Promotion Board (FIPB) green-signals broking firm Sharekhan Ltd.’s proposal to sell 100 per cent stake to BNP Paribas after many deferrals. This move will allow the former to entice foreign investment of worth Rs 2,060 crore. Currently, this procedure falls under FDI policy that means, a foreign investor can have up to 100 percent stake in a stockbroking firm only under the automatic route.