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The D2C Summit Agenda Is Live: Decoding D2C Brands’ Playbook To Scale In The...
The D2C revolution has been reshaping retail for years, and its impact is undeniable. As consumer buying patterns evolve, digital channels boom and D2C brands eye IPOs, it’s clear that new-age retail...
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Flipkart’s Quick Commerce Service ‘Minutes’ Goes Live In Parts Of Bengaluru
Ecommerce major Flipkart has made its quick commerce service live in parts of Bengaluru amid the increasing popularity of the segment. As per Economic Times, the new offering, called ‘Flipkart...
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FirstCry IPO: Startup Bags INR 188.5 Cr From Anchor Investors
Omnichannel baby and kids marketplace FirstCry has raised INR 188.58 Cr from anchor investors at INR 465 per equity share. The startup allotted 4.05 Cr shares to 81 anchor investors. FirstCry, in its...
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Juleo Bags $2.5 Mn From Kunal Shah, Others To Disrupt The Indian Online...
Online matchmaking platform Juleo has raised $2.5 Mn (INR 21 Cr) in a strategic funding round from more than 180 angel investors The funding round saw participation from Livspace cofounder Ramakant...
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The Derma Co On Track To Achieve INR 1,000 Cr ARR In 3-5 Years: Mamaearth
Listed D2C unicorn Mamaearth’s parent Honasa Consumer projects its skincare brand The Derma Co. to clock an annualised revenue run rate (ARR) of INR 1,000 Cr in the next three to five years. In its...
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Credit Card Spending Via UPI Touches INR 10K Cr Mark Per Month: NPCI CEO
National Payments Corporation of India (NPCI) managing director and CEO Dilip Asbe has said that credit card spending via Unified Payments Interface (UPI) has touched the INR 10,000 Cr per month...
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Delhi Police’s Cyber Cell Unit Files FIR In $230 Mn WazirX Crypto Heist
WazirX on Tuesday (August 6) said that a first information report (FIR) has been filed in connection with a $230 Mn cyberattack on the crypto exchange last month. In a post on X, WazirX cofounder...
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Indian GenAI Startup Tracker: 60+ Startups Putting India On The Global AI Map
Before November 2022, OpenAI was a little-known startup in the US. However, that very month, the company unveiled a chatbot, ChatGPT, which in just two months crossed 100 Mn monthly active users,...
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Jio In Talks To Use Meta’s VR Software For A Potential VR Device
Social media major Meta is reportedly in talks to licence its virtual reality (VR) software, Horizon, to Reliance Industries Ltd’s (RIL’s) digital arm Jio. The VR software will be utilised to power a...
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Disney+ Hotstar Sheds 5 Lakh More Paid Users In Q3, ARPU Up 50% QoQ
Streaming major Disney+ Hotstar continued to see a decline in its paid user base, shedding another 5 Lakh subscribers in the June quarter of 2024 (Q3). As per parent Walt Disney’s financial statements...
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SoftBank Sitting On Gross Gains Worth $285 Mn From Delhivery Investment
Japanese tech investor SoftBank has said that it was sitting on a gross gain of $285 Mn (INR 2,393 Cr) from its investment (via Vision Fund I) in listed logistics unicorn Delhivery at the end of June...
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Airtel Payments Bank Revenues Surpass INR 600 Cr Mark In Q1 FY25, Bottom Line...
On the back of a surge in digital payments, Airtel Payments Bank saw its net consolidated profit jump 41% year-on-year (YoY) to INR 7.2 Cr in the quarter ended June 2024 (Q1). Revenue, too, jumped 52%...
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Unicommerce Closes IPO With 168X Subscription
On the back of a strong traction from non-institutional investors (NIIs), enterprisetech startup Unicommerce’s public issue was oversubscribed 168.3X on the final day of the bidding. The initial public...
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Nazara Gets Green Light To Acquire Bankrupt Smaaash Entertainment
Online gaming major Nazara on Thursday (August 8) said that it has received the letter of intent (LoI) to acquire insolvency-ridden sports entertainment startup Smaaash Entertainment. In a BSE filing,...
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Google To Establish Startup Hub In Madhya Pradesh: CM Mohan Yadav
Google Cloud has proposed plans to set up a startup hub and a centre of excellence in Madhya Pradesh, state chief minister (CM) Mohan Yadav said. Yadav made the comments while speaking at a session...
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Mamaearth Discontinues Skincare Care Brand Ayuga, Cites Failure To Establish PMF
Listed D2C unicorn Mamaearth’s parent Honasa Consumer on Friday (August 9) said it is discontinuing its ayurvedic beauty products brand Ayuga. “Rationalising our brand portfolio by discontinuing Ayuga...
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No Plans To Exit Portfolio Companies: Zomato-Backer Info Edge
Info Edge cofounder Sanjeev Bikhchandani said that the company is currently not looking to exit any of its portfolio companies. Info Edge counts listed giants such as foodtech major Zomato, insurtech...
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Ola Electric Teases Launch Of Electric Bike On August 15
Fresh off its public market debut, electric vehicle (EV) major Ola Electric is now gearing up for the launch of its electric bike on Independence Day (August 15). “Ready to witness the future of...
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After Amazon & Starlink, Apple Partner Globalstar To Now Apply For Satcom...
Globalstar, which offers emergency SOS services for Apple devices, is planning to apply for a licence to offer satellite communication (satcom) services in India. “Globalstar is keen on establishing a...
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Google Begins Production Of Pixel 8 Smartphones In India
Big tech major Google has kicked off the production of its flagship Pixel 8 smartphone in India. In a post on X on Monday (August 12), Google India said, “Excited to announce that the first of our Made...
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