Personal care brand mCaffeine-parent Pep Technologies has raised ₹240 crore led by Paragon Partners. Others who participated in the round include Singularity Growth Opportunities Fund, Sharrp Ventures, Amicus Capital Partners and RPSG Capital Ventures. The startup is now valued at ₹1,000 crore. It was founded by Tarun Sharma, Vikas Lachhwani, Vaishali Gupta, Mohit Jain and Saurabh Singhal.