💪🏻 Proud to have been part of the Styleit Accelerator 2024 Selection Day! 💪🏻
Yesterday, Musthad was thrilled to participate in the second edition of the Styleit Accelerator 2024 Selection Day. We are proud to have been one of the startups selected from over 1000 applications for this prestigious event.
Eugenio Riganti from Musthad presented our innovative software to scale circularity in fashion in front of a distinguished network of promoters, influential corporate partners, investors, mentors, and industry experts.
🚀 Styleit is an acceleration program dedicated to startups developing B2B/B2B2C solutions for the #FashionTech and #LuxuryTech markets. It is part of the CDP Venture Capital National Accelerator Network, present throughout the country to support the growth of new companies specializing in high-potential markets.
Launched by CDP Venture Capital SGR in collaboration with operators Startupbootcamp and GELLIFY, Styleit aims to accelerate emerging startups in the fashion and luxury sectors, focusing on innovation and sustainability. It also boasts illustrious partners from the fashion industry such as Ratti S.p.A. Società Benefit, Gucci, Brunello Cucinelli, The ID Factory, MICAM Milano and Fondazione del Tessile Italiano.
Introducing Musthad to this audience was a truly important opportunity!
🌟 Here is a little taste of yesterday's event!
Follow us to stay updated!
#styleit#accelerator#startup#fashion#tech#textile#circularity#sustainability#musthad#platform
Beauty ecommerce marketplace Purplle has raised Rs 1,000 Cr (about $120 Mn) in a funding round led by a subsidiary of the Abu Dhabi Investment Authority (ADIA).
The round, which was a mix of primary and secondary share sale, also saw participation from other investors, the startup said in a statement, without disclosing their names.
While the startup didn’t disclose the valuation at which the funds were raised, a report last month said that it would be valued at $1.2 Bn-$1.3 Bn.
🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥
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#Purplle#FundingRound#BeautyEcommerce#ADIA#StartupFunding#Investment#TechNews#BusinessUpdates#Unicorn#Ecommerce#StartupNews#StartupTrak
Vinted Secures €340M Investment, Reaching €5B Valuation! 🤖🎙️
In the latest episode of Venture brAIn, we dive into the recent €340 million secondary share sale of Vinted, Europe’s leading online marketplace for secondhand clothing. Led by TPG, this investment pushes Vinted’s valuation to €5 billion and reflects its impressive 61% revenue growth and profitability in 2023.
This new funding will fuel Vinted’s expansion into new markets and services, while also rewarding the team for their contributions. With backing from major investors like Hedosophia and Baillie Gifford, and continued support from existing institutional investors, Vinted is set to make an even bigger impact on the secondhand fashion market. 🌍👗
🎧 Curious about Vinted’s growth and future plans? Tune in to the latest episode of Venture brAIn to get all the details!
Link in the comments 👇
#Vinted#funding#startups#venturecapital#fashiontech#secondhandfashion#investment#VenturebrAIn#ecommerce#sustainability
Nearing the end of H1 2024, our observations on the advancement of retail technology give us high expectations for what we’ll see moving into the future.
With new technologies, fascinating innovations, and a thriving ecosystem surrounding us, we’re proud to to say the retail-tech sector is:
🛸 More advanced than it’s ever been
🧩 Filled with the brightest leaders, innovators and problem-solvers in the world
🤝 Flourishing with exciting partnerships and collaborations
🚀 Booming with countless promising ventures in all niches
🏎️ Not slowing down anytime soon
On the back of a uniquely challenging period, we look forward to witnessing the Israeli high-tech ecosystem as a whole re-emerge and create ripple effects across the industries.
Oren Paran
Let’s talk 👉 https://lnkd.in/dgw82Mz#RetailInnovationClub#Innovation#RetailTech#HighTech#Israel#Startups#Brands#Retailers#Community#WeAreRetail
Two weeks have flown by since Styleit's Selection Day 2024, where we had the honor of hosting 21 cutting-edge #FashionTech & #LuxuryTech startups!
🚀 We are thrilled to share the recap video of this pivotal event, which marks the culmination of an intensive scouting journey that began in January 2024.
Through this process, we identified over 1600 startups, received more than 400 innovative solution applications, conducted 167 discovery calls, and held about 90 negotiations. The solutions presented span across all of our accelerator's focus areas: Customer Engagement (8%), Supply Chain Evolution (13%), Unified Commerce (12%), New Materials & Processes (5%), Smart Product Development (8%), Product Interaction (13%), Circular Business Models (7%), and CSR (3%).
💬 Matteo Levi, Program Director of Styleit, commented: “The last four months have been an intense period of scouting, during which our team has evaluated 400 new applications, and enriched the Styleit database, which now includes over 2000 startups in the Fashion and LuxuryTech sectors. Compared to the first edition of the program in 2023, we have seen a significant increase in both the number of proposed solutions and the number of identified startups. In particular, we have seen a significant increase in solutions focused on optimizing industrial processes, an area of great interest to both brands and our entrepreneurial and manufacturing ecosystem. In addition, many of the solutions mapped make use of artificial intelligence, a topic of growing importance in the fashion and luxury sectors that will have a significant impact in the future.”
🤝 Additional thanks to our program operators CDP Venture Capital SGR, Startupbootcamp, and GELLIFY; our corporate partners Brunello Cucinelli, Fondazione del Tessile Italiano, Gucci, MICAM Milano, Ratti S.p.A. Società Benefit, The ID Factory; our co-investor Crédit Agricole Italia; our educational partner Polimoda; our local partner Manifattura Tabacchi; our ecosystem partner Open Seed; and to the entire Styleit Accelerator open innovation ecosystem!
Stay tuned for the final selection of the 2024 cohort of the #StyleitAccelerator 👉 www.styleitaccelerator.itAlceo RapagnaNazzareno MengoniMatteo LeviLucia ChierchiaJulia Shoop, MBACesare D'AmbrosiAurora MartiniVincenzo RolloCarlotta FrascaFilippo AbbondiAlessandro DestefanisPolina KravchenkoAndrea Di Placido#Fashion#Luxury#Innovation#TechStartups#ShapingTheFuture
