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Beauty ecommerce unicorn Purplle.com has wrapped up its Series F funding round at INR 1,500 Cr (about $178.5 Mn) with backing from investors, including Abu Dhabi Investment Authority (ADIA), Premji Invest and Blume Ventures, among others 👇 In July, Inc42 reported that Purplle raised INR 1,000 Cr in its Series F funding round led by ADIA in a mix of primary equity infusion and secondary share sale. Now, the Mumbai-based omnichannel beauty retailer has secured an additional cheque of INR 500 Cr with Sharrp Ventures also joining the cap table. This takes the total Series F funding raised by Purplle to INR 1,500 Cr. The startup plans to utilise the fresh funds to grow its online platform and scale offline stores while improving profitability. To read the in-depth article, click here: https://lnkd.in/gurburKx #news #ecommerce #unicorn #mumbai

Advanced air mobility startup SKYBER Aerospace has partnered with Dubai-based Sibia Technologies to sell made-in-India unmanned aerial vehicle (UAV) products in the Middle East and Africa (MEA) region 👇 As part of the multi-year deal, SKYBER will supply customised military UAV systems equipped with enhanced data security features to strengthen the regional defence systems, it said in a statement. Additionally, it will also provide its clients in the MEA region with fully autonomous drones featuring AI-powered navigation and decision-making capabilities. On the other hand, Sibia will be responsible for sales, service, customer relationships, marketing efforts and regional supply chain logistics. Founded by Abhishek Sircar and Joseph George in 2023, SKYBER Aerospace manufactures advanced UAVs and AI-enabled edge computing chipsets. 🔗 To read the in-depth article, click here: https://lnkd.in/gi6vi3dP #news #airmobility #startup

#Exclusive: Mumbai-based D2C startup The Good Bug has raised $3.5 Mn (about INR 30 Cr) in its Series A extension round from Sharrp Ventures – the family office of Marcio Group chairman Harsh Mariwala 👇 According to the startup’s RoC filing, the funding round also saw participation from its existing investors – Fireside Ventures and cofounder Keshav Biyani. The startup allotted 630 Series A1 and Series A2 compulsory convertible preference shares (CCPS) to the three investors to raise the funding. These CCPS will be converted into equity shares in 1:10 ratio during the next fundraise, as per the filing. Founded in 2022 by Keshav Biyani and Prabhu Karthikeyan.V, The Good Bug offers a range of gut health and wellness products that help individuals with lifestyle chronic issues such as bloating, constipation, weight loss through gut health, among others. 🔗 To read the in-depth article, click here: https://lnkd.in/gVeEDQqy #news #startup #d2c #funding

Bold moves often come with uncertainty—and that’s exactly what Zomato faced when it decided to acquire Blinkit. With stock prices down, losses piling up, and investors skeptical, Zomato’s board had every reason to say no. But Deepinder Goyal had a different vision. What followed was a leap of faith backed by confidence—and the results speak for themselves. Watch Sanjeev Bikhchandani speaking at MoneyX 2024, revealing how Zomato made one of its riskiest bets and turned it into a success story. Listen to the full conversation here to learn more- https://lnkd.in/g9M3ZQhD MoneyX 2024- Presented by Inc42, Powered by Peak XV Partners, Venture Catalysts++ | India's 1st Multi-Stage VC, Mobavenue, In association with Bower and our ecosystem partner IVCA #MoneyX2024 #Inc42 #Zomato #Blinkit #StartupInvesting #DeepinderGoyal #IPO

Travel tech company EaseMyTrip.com’s board has approved its third bonus share issue. The company will be issuing one bonus equity share for every one fully paid-up equity share 👇 In an exchange filing, the company said that it would be issuing 177.20 Cr shares. “The bonus shares will be issued out of securities premium account received in cash and / or general reserve and / or retained earnings available as at March 31, 2024,” it added. The company said it would require INR 177.20 Cr for implementing the bonus share issue and that it had a balance of INR 397.4 Cr available in the free reserve and share premium account as of March 31, 2024. It added that the bonus shares would be credited to the demat accounts of the shareholders on or before December 12, 2024. To read the in-depth article, click here: https://lnkd.in/gsH24YNZ #news #easemytrip #share

Online furniture rental startup RentoMojo saw its operating revenue inching closer to INR 200 Cr mark in the financial year 2023-24 (FY24), helped by strong customer demand and increased efficiency due to automation 👇 The Bengaluru-based startup logged a 60% year-on-year increase in its operating revenue at INR 193 Cr in FY24. Further, RentoMojo posted a profit after tax (PAT) of INR 22 Cr in FY24, a more than 3X jump from INR 6 Cr in the previous year, on the back of strong growth in its business and controlled rise in expenses. Normalised PAT, excluding extraordinary items, stood at INR 28 Cr during the year under review. The company saw its EBITDA grow 142% YoY to INR 66 Cr in the reported period as focus on automation increased operational efficiency and allowed it to scale an occupancy led business. To read the in-depth article, click here: https://lnkd.in/gZmuxPc4 Geetansh Bamania #news #startup #revenue

D2C jewellery brand GIVA has raised INR 255 Cr ($30.3 Mn) as a part of its extended Series B funding round from Premji Invest, Epiq Capital and Edelweiss Discover Fund👇 The fundraise, with 35% primary and 65% secondary investments, also gave partial exits to A91 Partners and India Quotient. The fresh capital infusion will fuel GIVA’s expansion plans, strengthening its offline presence across India, growing its lab-grown diamond offerings and facilitating strategic investor exits. Founded in 2019 by Ishendra Agarwal, Nikita Prasad and Sachin Shetty, GIVA deals in authentic 925 fine silver jewellery and later also forayed into 14K and 18k gold and lab-grown diamond jewellery. The brand has its own operated stores across the country as well as many SIS formats with Shoppers Stop and other chains. 🔗 To read the in-depth article, click here: https://lnkd.in/gn2AtaX5 #news #d2c #jewellery #startup

D2C foodtech unicorn Licious, which counts Temasek, 3One4 Capital and IIFL among its marquee investors, has bought Bengaluru-based offline retailer My Chicken and More in a cash and equity deal 👇 While the company did not disclose the financial terms of the transactions but said that the buyout will help it add 23 more stores to its network and expand offline footprint. The deal will also see My Chicken and More’s founder S Mahesha joining the Licious team for at least four years. Vivek Gupta and Abhay Hanjura, co-founders of Licious, said, “My Chicken and More has achieved impressive revenue per store, profitability, and supply chain efficiency, making it a well-run operation. We see great value in their operations, customer-centric approach, and strong brand loyalty, which align perfectly with Licious’s vision.” 🔗 To read the in-depth article, click here: https://lnkd.in/g4FBPEba #news #acquisition #startups

Days after launching its flagship-grade smartphone Xiaomi 14T, Xiaomi is now planning to bring generative AI (GenAI) user applications to its smartphones in India by the end of the financial year 2024-2025👇 The initiative will majorly cover Xiaomi’s upper-mid range smartphones which are priced around INR 40K, Mint reported, citing sources close to the matter. With this, Xiaomi aims to democratise GenAI features, which are so far limited to premium smartphones only. The development comes a few days after Xiaomi reportedly launched Xiaomi 14T and 14T Pro smartphones with Google’s Gemini suite of GenAI features including its AI photo editor and “circle to search” option. 🔗 To read the in-depth article, click here: https://lnkd.in/g4bEa4F3 #news #India #smartphone

Robotics startup Perceptyne has secured $3 Mn (around INR 25 Cr) in a seed funding round co-led by Endiya Partners and Yali Capital, along with participation from Whiteboard Capital and a clutch of angel investors 👇 The company plans to use the fresh capital to boost product development, customer acquisition and drive growth. Founded by Raviteja Chivukula, Jagga Raju N. and Mrutyunjaya Sastry, Perceptyne is a deeptech robotics platform developing dexterous, affordable and contextually aware robots. Its flagship products include dual-arm and single-arm robots named PR-34D and PR-9D. It claims to enable manufacturing companies to accelerate robotic automation by dramatically reducing integration time (quarters to weeks) and implementing automation without changes to their assembly lines. 🔗 To read the in-depth article, click here: https://lnkd.in/g5XguasX #news #startup #robotics