d2c

Direct-to-consumer apparel firm Bummer raised Rs 9.25 crore in a funding round led by Nikhil Kamath-backed venture capital firm Gruhas’ Collective Consumer Fund.D2C-focused venture firm Fluid Ventures, an existing investor in Bummer, also participated in this funding round. The investment is against fresh shares and the entire proceeds will go to the company.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product…

The Ayurveda Experience (TAE), a direct-to-consumer company focused on Ayurvedic beauty and health products, raised $27 million in a funding round led by Singapore-based venture investment firm Jungle Ventures.The round also saw participation from investors like SIDBI Ventures, Anicut Capital and Sharrp Ventures (part of the Mariwala Family Office that runs consumer goods major Marico). Of the $27 million, about $15 million came in primary funding, with the proceeds going to the company, while the rest were towards…

Direct-to-consumer (D2C) skincare firm Foxtale Consumer has raised about $14 million (Rs 120 crore) in fresh equity funding led by Singapore-based Panthera Growth Partners, according to regulatory filings made by the startup with the Registrar of Companies. The round also saw participation from the company’s existing backers Matrix Partners India and Kae Capital.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIT DelhiIITD Certificate…

Android-maker Google has agreed to bring back Indian apps it had delisted from its Play Store. This and more in today’s ETtech Top 5.Also in this letter:■ Nasscom plea to Karnataka govt on cab fares■ ETtech Done Deals■ ONDC’s one-year journey Google to reinstate delisted Indian apps on Play Store after govt intervention IT minister Ashwini Vaishnaw (centre), Google India head Sanjay Gupta (on Vaishnaw's right), and startup representativesGoogle is ‘temporarily reinstating’ apps of Indian internet companies that…

Zomato could find itself up against ecommerce marketplaces like Amazon and Flipkart as it explores adding brands across a gamut of new categories to its 10-minute delivery platform, Blinkit. This major push into the fast-growing direct-to-consumer (D2C) space would entail the Gurgaon-based firm building its own supply chain to directly source branded products and manage stock, multiple people aware of the plans told ET. It would deliver these through Blinkit.Zomato, which is scaling up its quick commerce operations, has…

Direct-to-consumer fashion jewellery brand Salty has raised Rs 5 crore in a funding round led by All in Capital and Anicut Capital. Other strategic investors who participated were Suashish Diamonds, JK Group, among other angel investors.Founded in 2022 by Sonaal Goel, Twishaa Gupta, and Kanishka Garg, Salty targets the younger generation. The fresh funds will be used to expand workforce and launch a new product range, it said. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian…

Direct-to-consumer (D2C) personal care brand Pilgrim’s operating revenue for 2022-23 jumped over four times to Rs 76.46 crore from Rs 16.89 crore in FY22.Its net loss, however, more than tripled to Rs 23.06 crore from Rs 7.53 crore during the same period as expenses ballooned to Rs 99.95 crore in FY23 from Rs 24.72 crore in FY22, the Fireside Ventures-backed company said in its statutory filing with the Registrar of Companies (RoC).Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

Beauty and skincare company VLCC is acquiring direct-to-consumer men’s grooming brand Ustraa through a combination of secondary buy-out and share swap, the company said on Friday . Post merger, VLCC will make further investments to accelerate the growth of Ustraa, a brand owned by Happily Unmarried Marketing, the company said in a press statement.The acquisition marks VLCC’s foray into specialised men's grooming and enhances new age digital commerce and product innovation capabilities for the platform, the company…

Last Updated: May 15, 2023, 13:52 ISTOla Electric opens 500th showroom in India (Photo: Ola Electric)Ola Electric drives forward with 500th showroom opening in Srinagar thus paving the way for electric mobility revolution in India. Ola Electric, the renowned Indian electric vehicle (EV) start-up, has achieved a significant milestone with the opening of its 500th Experience Centre (EC) in Srinagar, Jammu and Kashmir. This move is a part of Ola’s strategic expansion plan to strengthen its direct-to-consumer (D2C) presence…

Direct-to-consumer Ayurveda brand The Ayurveda Co has raised Rs 100 crore in Series A funding round for expanding offline presence, improving product manufacturing, expanding research and development and accelerating digital awareness around the company.The funding round was led by venture capital fund Sixth Sense Ventures. The round also saw participation from actress Kajal Agarwal, a few notable startup founders and venture debt funds, the company said in a statement.“This Series A funding is a significant milestone for…