Citykart, one of India’s fastest-growing value fashion retail chains, has secured ₹538 crore (approx. $63 million) in Series B funding, marking a major milestone for the country’s budget fashion segment. The funding round was co-led by TPG NewQuest, an Asia-focused private equity platform under TPG, and A91 Partners, a domestic growth investment firm. According to … Read more
Shiplog, a logistics tech startup based in Gurugram, has secured Rs 6.5 crore (approximately $768K) in its seed funding round, led by the Deepak Bhagnani Family Office. This marks the company’s first external funding since its inception in 2022, after operating as a bootstrapped entity. Strengthening Tech Infrastructure and Expanding Operations The funds raised will … Read more
Homegrown e-commerce giant Meesho has received board approval to officially change its legal name from Fashnear Technologies Private Limited to Meesho Private Limited, marking a strategic step as the company gears up for its highly anticipated public listing. According to a regulatory filing with the Registrar of Companies (RoC), the board and members of Meesho … Read more
As per media reports, Flipkart Internet—the marketplace arm of Walmart-owned Flipkart—has received a fresh capital infusion of ₹533 crore (US$62 million) from its Singapore-based parent entities. Strategic Funding from Global Parent Companies According to recent regulatory filings with the Registrar of Companies (RoC), the capital was raised through a rights issue, with 76,179 equity shares … Read more
India’s budget fashion scene is evolving rapidly, with Zudio and Yousta emerging as top contenders. Social media is buzzing with comparisons of these two brands, sparking curiosity among fashion enthusiasts. We decided to take a closer look, breaking down their strategies, pricing, and market presence. Both brands offer trendy, affordable clothing, but their approaches set … Read more
India’s e-commerce industry has witnessed unprecedented growth in recent years, becoming a cornerstone of the nation’s retail landscape. Valued at an impressive ₹10 lakh crores in 2024, the sector continues to attract millions of consumers due to its convenience, competitive pricing, and variety. However, this growth comes at a cost. One of the most significant … Read more
Quick commerce platform Blinkit, owned by Zomato, has officially launched its operations in Jammu, bringing rapid delivery services to the city. The expansion begins with three strategically located stores in Trikuta Nagar, Roop Nagar, and Akhnoor Road, aiming to cater to the increasing demand for quick and reliable deliveries in the region. In a LinkedIn … Read more
In a world dominated by food delivery giants like Zomato and Swiggy, WAAYU, a Pune-based startup, is shaking up the industry with a revolutionary idea: zero commission for restaurants. Backed by the Open Network for Digital Commerce (ONDC), WAAYU empowers restaurants to retain their hard-earned profits while offering customers quality, convenience, and variety. WAAYU’s Revolutionary … Read more
Zomato, India’s leading food delivery platform, announced the successful completion of its ₹8,500 crore fundraising through a Qualified Institutions Placement (QIP) of equity shares. This capital-raising initiative, which received shareholder approval last week, underscores Zomato’s strategic focus on strengthening its financial position and expanding its operations, particularly in the quick commerce sector through Blinkit. QIP … Read more
D2C mom and baby care brand, All Things Baby, has successfully raised ₹30 crore in its Series A funding round. The investment was led by Inoventures and family office director Richa Choksi, marking a significant milestone in the brand’s growth journey. Expanding Product Lines and Premium Offerings Co-founder Tejal Bajla highlighted that the newly raised … Read more
In a significant leadership shift, Flipkart co-founder Binny Bansal has stepped down from the PhonePe board, according to recent media reports. Following Bansal’s resignation, Manish Sabharwal, Vice-Chairman of TeamLease Services, has been appointed as an Independent Director and Chair of the company’s Audit Committee. Strengthening Financial Governance and Strategic Oversight Manish Sabharwal’s appointment is set … Read more
Flipkart Group has announced the appointment of Dan Bartlett, Executive Vice President of Corporate Affairs at Walmart Inc., to its board of directors. This strategic addition follows the recent appointment of Lydia Jett, former SoftBank Managing Partner, further strengthening Flipkart’s leadership team. Dan Bartlett’s Extensive Expertise As Walmart’s corporate affairs leader, Bartlett brings a wealth … Read more
Quick commerce leader Zepto has raised $350 million in its latest funding round, pushing its valuation to an impressive $5 billion, according to recent media reports. This funding, led by Motilal Oswal’s Private Wealth division, marks a strategic effort to attract domestic investors as the company prepares for its highly anticipated initial public offering (IPO). … Read more
Moglix, a leading B2B commerce platform, has announced the strategic acquisition of Khatema Fibres, a pioneer in eco-friendly paper products, for ₹80 crore. This move marks a significant milestone in Moglix’s mission to lead in industrial procurement and sustainable packaging, aligning with India’s vision of a Viksit Bharat by 2047. Strengthening Moglix’s Market Position This … Read more
Blitz, a leading quick commerce (q-com) logistics enabler, has raised ₹51 crore in a Series A funding round led by IvyCap Ventures. The round also saw participation from India Quotient, Alteria Capital, and renowned angel investors, including: Ramesh Bafna (Zepto) Siddharth Jain (Snitch) Vinit Gautam (Bestseller CEO) Amitabh Suri (CEO, Arvind Fashion) This funding will … Read more
The Good Glamm Group has successfully completed the full acquisition of The Moms Co., following the company’s recent announcements of its Sirona transaction and increased shareholdings in its portfolio brands, Organic Harvest and Winkl. Back in October 2021, the Good Glamm Group acquired a majority stake in The Moms Co. through a combination of cash … Read more
