Angel Investments
Home fragrances seller Ekam raises Rs.4.8 Cr
Ekam has raised INR 4.8 crore from a clutch of angels. Participants in the round include Gopal Srinivasan (chairman, TVS Capital Funds), Narayan Ramachandran (chairman, Teamlease Services), N. Lakshmi Narayanan (ex-CEO, Cognizant Technologies) and Radhika Rajan (exec VP- DSP Investments). Deep Bajaj and Mohit Bajaj (of Sirona Hygiene), Vishal and Avani Davda (ex-CEO, Starbucks India) and the Manipal Group. Bengaluru-based Ekam is an affordable luxury brand that provides premium quality consumer products in home fragrances and personal care. The fresh funds will be used for product development, working capital and marketing initiatives.
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