Author: Umamaheswari
Introduction:Nykaa, one of India’s leading online beauty and fashion retailers, has announced plans to raise ₹125 crore (approximately $15 million) through the issuance of non-convertible debentures (NCDs). This move, approved by the company’s board, marks a significant step in Nykaa’s ongoing efforts to secure funding for expansion and operational growth.The decision to raise funds through NCDs comes at a time when the Indian e-commerce landscape is becoming increasingly competitive, especially in the beauty and personal care segment. Nykaa, founded by Falguni Nayar in 2012, has been at the forefront of this market, consistently innovating and expanding its offerings to maintain…
Introduction:In a country where discussing intimate wear was once taboo, Richa Kar dared to dream of a revolution. In 2011, she founded Zivame, an online lingerie store that would not only change how Indian women shop for intimate wear but also challenge societal norms. This is the story of how a young woman from Jamshedpur turned a personal frustration into a multi-million rupee business, empowering millions of women along the way.The Spark of InnovationRicha Kar, an engineering graduate from BITS Pilani with an MBA from Narsee Monjee Institute of Management Studies, was working as a retail consultant at SAP when…
Government plans to establish 10-15 e-commerce export hubs in PPP mode, aiming to facilitate trade and increase export potential for MSMEs and artisansIntroduction:The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, has unveiled a significant initiative to bolster India’s startup ecosystem and export capabilities. The government’s announcement to set up e-commerce export hubs marks a pivotal step towards enhancing the country’s digital trade infrastructure and supporting small businesses in reaching global markets.In a move that could reshape the landscape for Indian startups and small businesses engaged in cross-border e-commerce, the Finance Minister outlined plans to establish 10-15 e-commerce export…
IntroductionStartup’s innovative e-commerce platform and eco-friendly apparel line set to revolutionize the regional fashion industryIn a significant boost to Tamil Nadu’s burgeoning startup ecosystem, Carolina Fashion International Private Limited (CFI) has unveiled a groundbreaking e-commerce platform dedicated to sustainable fashion. The company, founded just over a year ago by entrepreneurs Parvathi Natarajan and Natarajan Kulandaivel, is making waves with its innovative approach to eco-friendly apparel and its commitment to serving a diverse customer base.CFI’s platform, operating under the brand names Fash-Bean and Carolina Fashion International, is set to transform the way consumers in Tamil Nadu and beyond interact with sustainable…
IntroductionIn today’s fast-paced digital workplace, communication platforms like Slack and Microsoft Teams have become the nerve centers of organizations. However, as these channels buzz with constant activity, important messages often get lost in the noise, creating inefficiencies and frustrations. Enter ClearFeed, an innovative solution born from the need to bring order to the chaos of modern workplace communication. This is the story of how a team of seasoned entrepreneurs set out to solve a problem plaguing businesses worldwide, and in the process, transformed how companies handle internal and external support.The Challenge of Digital NoiseAs companies increasingly turned to platforms like…
The home services startup reports 30% revenue growth in FY24, reduces losses by 70%, and completes a $63 million secondary transaction as it prepares for a potential 2025 IPO.Introduction:Urban Company, the Gurugram-based at-home services platform, has reported significant financial improvements for the fiscal year 2024, marking a pivotal moment in its journey towards profitability. The company has not only narrowed its losses but also completed a substantial secondary share sale, signaling strong investor confidence in its growth trajectory.According to the company’s annual business summary, Urban Company’s net revenue increased by 29.8% to Rs 827 crore in FY24, up from Rs…
The D2C food and beverage startup secures debt funding through compulsory convertible debentures, signaling ongoing investor interest despite rising lossesIntroduction:Wingreens Farms, a prominent player in India’s direct-to-consumer (D2C) food and beverage sector, has successfully raised $4.3 million (approximately ₹35.7 crore) in debt funding. This development comes as part of a larger $10 million funding round that the company is reportedly in the process of closing.According to exclusive information obtained by StartNet, Wingreens Farms is allotting 9.57 lakh compulsory convertible debentures (CCDs) to a group of investors. The participants in this funding round include S Gupta Family Investments, Saket Agarwal, and…
Leading Indian crypto exchange WazirX suspends deposits and withdrawals following a major security breach, raising concerns about the stability of India’s digital asset ecosystem.Introduction:In a shocking turn of events, WazirX, one of India’s largest cryptocurrency exchanges, has fallen victim to a massive security breach resulting in the theft of over $230 million worth of digital assets. The hack, which occurred on July 18, 2024, has sent ripples through the Indian crypto community and raised serious questions about the security measures in place within the country’s burgeoning digital asset industry.WazirX, known for its significant market share in the Indian crypto trading…
Edtech startup offers 40x returns to over 130 employees, showcasing financial health and commitment to talent retention ahead of planned 2026 IPOIntroduction:In a significant move that underscores its growth trajectory and commitment to employee welfare, Adda247, a leading multilingual learning platform, has announced its first-ever Employee Stock Ownership Plan (ESOP) buyback. The initiative, which will benefit more than 130 employees across various roles and functions, comes as the company gears up for its planned Initial Public Offering (IPO) in 2026.Founded in 2016 by Anil Nagar and Saurabh Bansal, Adda247 has rapidly established itself as a key player in India’s burgeoning…
Introduction:In the glittering world of beauty and personal care, one company has emerged as a shining star, redefining the industry with its innovative content-to-commerce approach. The Good Glamm Group, co-founded by Priyanka Gill, has transformed from a humble beauty blog into a unicorn startup valued at $1.2 billion. This is the story of how a passion for empowering women through content evolved into a revolutionary business model, changing the face of India’s beauty industry and paving the way for a new era of digital-first brands.The Genesis of a Beauty EmpirePriyanka Gill’s journey began in 2013 when she founded POPxo, a…