EcomBuzz #16 - Weekly roundup of everything that's been happening in ecommerce industry
?? Funding???
?? Fresh puja flower startup, Hoovu Fresh , founded by sister duo Yeshoda Karuturi and Rhea Karuturi , has raised Rs 6.45 crore in a pre-series A funding round led by Sauce.vc . ?? https://thed2cdaily.com/hoovu-fresh-raises-rs-6-45-cr-in-a-pre-series-a-round/
?? Co-founded by Ashutosh Valani , Aashka Goradia Goble , and Priyank Shah , D2C makeup brand RENéE Cosmetics has raised $25 million in a Series B funding round led by Evolvence India and Edelweiss Group. ?? https://thed2cdaily.com/renee-cosmetics-raises-25-mn-in-a-series-b/
?? OneGreen , Asia’s largest one-stop online shop for everything natural, safe, conscious & green, founded and launched by Neha Gahlaut and Abhijit B. , has raised $1.5 million in its pre-Series round led by Venture Catalysts++ | India's 1st Multi-Stage VC . ?? https://thed2cdaily.com/onegreen-raises-1-5m-in-pre-series-round/
?? D2C group-led content-to-commerce conglomerate, The Good Glamm Group has acquired a majority stake of 51% in a cash-plus-stock deal, in Twinkle Khanna’s digital media company Tweak India . ?? https://thed2cdaily.com/tweak-india-drops-51-stakes-to-the-good-glamm-group/
?? Co-founded by Sameer Maheshwari and Prashant Tandon , omnichannel nutrition platform HealthKart has raised $135 million in its Series H funding round, led by Singapore sovereign wealth fund Temasek . ?? https://thed2cdaily.com/healthkart-raises-135m-in-its-series-h-funding-led-by-temasek/
?? Indian FMCG major Hindustan Unilever (HUL) has acquired a majority stake of 51% in OZiva , a D2C plant-based supplement brand via a strategic investment. ?? https://thed2cdaily.com/just-in-indian-fmcg-major-hindustan-unilever-acquires-majority-stake-of-51-in-d2c-nutrition-brand-oziva/
?? Wakefit , a sleep solutions and mattress brand, founded in 2016 by Ankit Garg and Chaitanya Ramalingegowda , has raised about $45 Mn in an equity funding round from Bahrain-based alternate investment firm Investcorp , at a post-money valuation of $303 million. ?? https://thed2cdaily.com/investcorp-to-lead-45m-round-in-wakefit/
?? Founded by Sarika Mangesh, Subrata Nag and Mangesh Gawande, Bengaluru-based personal care brand True Frog has raised Rs 1.65 crore from a group of angel investors. ?? https://thed2cdaily.com/true-frog-raises-rs-1-65-crore/
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?? Growth/Announcements ??
?? Founded in 2019 by Rohan Kashyap , sustainable D2C streetwear clothing brand Burger Bae aims to revolutionize fast fashion by creating a more unified clothing line, diminishing the line between streetwear and high-end fashion. ?? https://thed2cdaily.com/burger-bae-claims-to-be-faster-than-fashion/
?? Founded by Amit Khatri and Gaurav Khatri , Indian consumer electronic brand Noise appoints ace cricketer Virat Kohli as its new brand ambassador to promote the brand’s line of smartwatches. ?? https://thed2cdaily.com/noise-appoints-virat-kohli-as-brand-ambassador/?
???♂? D2C fitness brand Flexnest ? , founded by power couple Rhea Nihal Singh Anand and Raunaq Singh Anand , forays into athleisure clothing with the launch of its new range of workout clothes made with their innovative ‘SuperFlex’ fabric. ?? https://thed2cdaily.com/flexnest-forays-into-athleisure-with-superflex/
?? India’s first handloom luxury brand Ekaya Banaras , led by Bharat Shah, has collaborated with acclaimed menswear designer Kunal Rawal to launch a men’s occasion wear line named ‘Neo-Traditional Grooms’. ?? https://thed2cdaily.com/ekaya-collaborates-with-renowned-designer-kunal-rawal-on-menswear-collection/?
?? Kolkata-based KHADIM INDIA LTD. plans to launch four new stores during the first quarter of FY23 in Maharashtra to strengthen its retail presence. https://thed2cdaily.com/khadim-to-open-four-new-stores-in-maharashtra/
?????? Founded by Anshita Mehrotra in 2019, Fix My Curls has expanded its product portfolio to include Ready, Set, Refresh Spray as the newest addition to its hairstyling range. ?? https://thed2cdaily.com/fix-my-curls-expands-product-portfolio-with-the-launch-of-ready-set-refresh-spray/
?? Founded in 2021 by Pratik Gupta , Mumbai-based D2C farm-to-fork player Pluckk became India’s first fruits and vegetable brand to be certified ‘Plastic Neutral.’ ?? https://thed2cdaily.com/pluckk-becomes-indias-first-fruits-and-vegetable-brand-to-be-certified-plastic-neutral/
?? Founded by Rahul Bhalla , Indian-origin lifestyle brand Latin Quarters / Ikon Retail Pvt Ltd plans to expand its retail presence with six new stores by March 2023. ?? https://thed2cdaily.com/latin-quarters-to-expand-offline-presence-with-six-new-retail-stores/
?? Founded by former Miss India Queenie Singh and India’s leading aesthetician Dinyar Workingboxwalla, beauty brand Beauty In Everything launched pop-up kiosks to promote its new clean beauty products with a range of attractive offers. ?? https://thed2cdaily.com/clean-beauty-brand-beauty-in-everything-opens-pop-up-kiosks-in-noida-mumbai-and-new-delhi/
???♂? D2C fitness brand Flexnest ?, founded by power couple Rhea Nihal Singh Anand and Raunaq Singh Anand, forays into athleisure clothing with the launch of its new range of workout clothes made with their innovative ‘SuperFlex’ fabric. https://thed2cdaily.com/flexnest-forays-into-athleisure-with-superflex/ ?? India’s first handloom luxury brand Ekaya Banaras, led by Bharat Shah, has collaborated with acclaimed menswear designer Kunal Rawal to launch a men’s occasion wear line named ‘Neo-Traditional Grooms’. https://thed2cdaily.com/ekaya-collaborates-with-renowned-designer-kunal-rawal-on-menswear-collection/? ?? Kolkata-based KHADIM INDIA LTD. plans to launch four new stores during the first quarter of FY23 in Maharashtra to strengthen its retail presence. https://thed2cdaily.com/khadim-to-open-four-new-stores-in-maharashtra/ ?????? Founded by Anshita Mehrotra in 2019, Fix My Curls has expanded its product portfolio to include Ready, Set, Refresh Spray as the newest addition to its hairstyling range. https://thed2cdaily.com/fix-my-curls-expands-product-portfolio-with-the-launch-of-ready-set-refresh-spray/