Gurgaon-based grocery startup Milkbasket has been successful in raising $500,000 in pre-Series-A funding. The investment round was led by Entrepreneurship & Venture Capital (EVC), a global venture capital firm, which recently announced $50m funding for Indian startups in e-commerce, mobile space Internet of Things (IoT), wearables, gaming, education and ad-tech domains.
'The First Meal', a start-up that deals in pre-orders of customized health food and runs on subscription basis, is acquired by instant food delivery service restaurant chain Hello Curry Pvt. Ltd. Although the particulars of the deal are yet to be disclosed, it includes both cast and stock.