Liquidity Events
Pet care products maker Wiggles acquires rival Captain Zack
Pune-headquartered pet care brand Wiggles has acquired a 100% stake in Mumbai-headquartered Capt Zack, in a cash and equity deal. Founded in 2016, Capt Zack is one of India's earlier direct-to-consumer (D2C) entrants in the pet care category. Capt Zack claims its portfolio is made of chemical-free, natural, safe, and easy-to-use ISO-certified products for cats and dogs spanning hygiene, food, treats, accessories, toys, and beds.
From the Venture Intelligence PE-VC Deal Database: In Oct-2018, Captain Zack had raised USD 1.5 million in Pre-Series A funding led by industrialists Kushal Desai and Chaitanya Desai through their family office (Apar Corporation Pvt Ltd) along with existing angel investor Japan Vyas (co-founder of Roots Ventures). Other investors participating in the round include Naval Bir Kumar – erstwhile head at IDFC Asset Management & Standard Chartered Asset Management, Sunil Agarwal, Promoter of Joy Cosmetics and investment banker Ketan Shah, who manages Panini Advisors LLP. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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