IncNut Digital to raise $4 mln by June

Digital media firm IncNut Digital, which operates online beauty and wellness community StyleCraze and parenting network MomJunction, is <g data-gr-id="23">enroute</g> to raising $4 million in a the first round of venture funding. The Hyderabad-based company will use the funds to “build the widest online destination for women”, IncNut Digital Chief Executive Sangram Simha said. “We would close the funding round in June,” Simha added. The firm will launch three more networks this year. One for weddings next month, followed by interior decor in July, and food in October, he said.