M&A M&A
Silk supply chain player ReshaMandi acqui-hires software devt entity Hashtaag
ReshaMandi, digital ecosystem for natural fibre supply chain starting from farm to retail, has acqui-hired fellow Bengaluru-based Hashtaag to harness the latter's tech talent pool. Hashtaag is a custom software development company that offers services to innovate products which enhance business growth.
The ReshaMandi app is endowed with facilities including AI-based crop disease detection, cocoon grading, and advisory services. With the acqui-hire of Hashtaag, ReshaMandi will look at increasing the scale of impact at grassroots level and open new markets for natural fibre textile industry growth
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From the Venture Intelligence PE-VC Deal Database: Between Dec-20 and Oct-21, Reshamandi raised $31.7 M from Stride Ventures, Alteria Capital, InnoVen Capital, Omnivore Partners, Creation Investments, Axilor Ventures, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)