Venture debt firm InnoVen Capital India on Sep 6 said it has extended loans worth a total of $6 million to consumer analytics company Capillary Technologies Pvt. Ltd and education technology start-up Simplilearn Solutions Pvt. Ltd. Backed by Singapore’s sovereign wealth fund Temasek Holdings Pvt.…
Tag: Myntra
$1 billion club in sight for Myntra
Myntra said it recorded gross sales worth $1 billion on an annualised basis in July riding on the success of an aggressive end-of-season sale. The company, which also acquired rival Jabong last month, now controls over two-thirds of the online fashion market with parent Flipkart, which is widely …
Myntra pips Snapdeal and Future Group, acquires Jabong for $70 million
Flipkart-owned Myntra on July 26 pipped Snapdeal and the Future Group to acquire rival Jabong in a $70-million all-cash deal that creates India’s largest online fashion destination, reduces discounts and strengthens the Bengaluru-based company’s prospects of keeping Amazon at bay in t…
Mukesh Bansal’s new startup ‘CureFit’ bags $15 million funding
Mukesh Bansal, the Co-Founder of fashion portal Myntra, has snagged funding for his new startup — CureFit — from a group of marque investors, who backed his maiden venture and have now stepped up to close one of the largest seed investment rounds in the Indian startup sector this year. Accel Part…
Race to acquire fashion portal Jabong hots up
The race to acquire Jabong is hotting up. Alibaba, Future Group, Flipkart’s unit Myntra and Aditya Birla’s e-commerce venture Abof are among those in negotiations to acquire the online fashion portal, said people with knowledge of the matter. Even Snapdeal is said to be in the fray, b…
Virat kohli starts new venture Stepathlon to tackle fitness issues affecting kids
Fitness is the next rising industry in the startup space, given the amount of investor interest they are seeing both from celebrity cricketers and well-known entrepreneurs. Cricketer Virat Kohli on June 28 kicked off a new fitness venture in a joint venture with Stepathlon Lifestyle. The venture,…
No funds crunch for fashion startups
Fashion startups are in vogue this season. Despite the current funding crunch dogging the Indian startup space, startups specializing in fashion are drawing huge investor interest. In May alone, several fashion startups including 6Degree, Blinge, Shopwati, Hoppingo and Coutloot raised funds from …
We try to bring in something new with every line | Kajal Jain, Ahilya Jewels Founder
All that glitters is not gold. It may be silver. That is where Ahilya Jewels sought growth and with the intention to change the jewellery norms, it brought sterling silver into lime light. Ahilya designs draw inspiration from the rich Indian Jewellery heritage. Every region has distinctive design…
Kalaari seed programme backs three companies
Kstart, a seed-stage programme launched by venture fund Kalaari Capital in February 2016, has invested in three startups in its first batch. Affordplan, a fintech platform aimed at affordable healthcare; Indee, a secure platform for web video streaming; and Active.ai, an AI engagement firm for fi…
Self-drive rental business startups may overtake taxi-booking apps
While the Uber and Olas of the world are busy upping their game in the $8-billion taxi-rental market, there is another parallel industry selfdrive car rentals which though nascent is growing at a fast peg. In the last one year, at least a dozen-odd startups have sprung up in the space — MiCar, Se…