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14/06/2024

Danny Denzongpa, whose real name is Tsering Phintso, is a Sikkimese actor who has been a big name in Bollywood for five decades. Danny founded Yuksom Breweries in 1987 in South Sikkim. In 2005, he set up Denzong Breweries in Odisha, and four years later, acquired Assam's Rhino Agencies. Together, the three breweries have a production capacity of 6.8 lakh HL per annum, making Yuksom the third-largest beer company in India. They make products such as Dansberg and He-Man 9000. Yuksom Breweries is said to contribute Rs 100 crore annually to the north-eastern region's economy annually and provide employment to 250 people there.

29/04/2024

Bhavish Aggarwal-led ride hailing major Ola Cabs has fired around 10% of its workforce, or about 200 employees, in a restructuring exercise, while its CEO Hemant Bakshi has quit the startup within months of joining.

"The layoffs were in line with the company's IPO plans and impacted employees across departments," one of the sources said.

Earlier this month, it was reported that the Bhavish Aggarwal-led startup has restarted its preparations for a $500 Mn IPO.

27/04/2024

Lenskart is reportedly in discussions with Temasek and Fidelity to secure a $200 million investment. If Temasek & Fidelity $200 million Investments in Lenskart is finalised, it would come through a secondary share sale, potentially boosting Lenskart's value to $5 billion.
Temasek, an existing investor in Lenskart, is expected to lead the investment with around $125-150 million. Fidelity, making its first investment in Lenskart, would contribute the remaining funds.
In the upcoming investment round, additional Lenskart investors such as KKR, TR Capital, and Avendus may opt to sell off portions of their shares. Nevertheless, SoftBank, holding the most significant institutional stake at 16.5 percent, is unlikely to divest any of its shares.
This move would significantly increase Lenskart's value, making it more than three times higher than its competitor, Warby Parker, a New York-based eyewear retailer.
In the previous year, Lenskart secured $600 million in funding from investors like ChrysCapital and the Abu Dhabi Investment Authority, a portion of which involved a secondary share sale. This enabled existing
investors, such as Chiratae Ventures and SoftBank, to offload some of their shares.
Lenskart is expected to achieve a revenue of ₹5,500 crore for the fiscal year 2024, indicating substantial growth compared to the previous year. In fiscal year 2023, the company's revenue doubled to ₹3,780 crore, accompanied by a profit of ₹260 crore, a significant improvement from the loss of approximately 100 crore in fiscal year 2022. However, Lenskart's audited financial statements for fiscal year 2024 are still awaiting submission to the Registrar of Companies.

26/04/2024

Continuing its spree of experiments, is now piloting a new feature in parts of Bengaluru and Mumbai that offers priority deliveries to users at an extra charge.

A user in Bengaluru was offered the option of availing food delivery within 16-21 minutes by paying an additional INR 29. Normal delivery timing for the same order was showing as 21 minutes on the app.
The company is charging the additional fee for priority deliveries from Zomato Gold users as well.

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26/04/2024

, one of India's leading fashion designers, has achieved remarkable success in the fashion industry. Starting with just two sewing machines and a small loan from her father, she embarked on her journey in the world of fashion inspired by her mother, Pushpa, who used to stitch clothes for their family.

Despite facing initial rejections from malls and big brands, she persevered and launched her own brand called AND Designs in 2015, which later evolved into the House of Anita Dongre.

Today, Anita Dongre's fashion empire includes multiple ventures like AND, Global Desi, Anita Dongre Bridal Couture, Anita Dongre Grassroot, and Anita Dongre Pink City. Her retail turnover reached nearly Rs 800 crore in FY 2019-20, and her revenue is expected to surpass Rs 1000 crore in 2023, making her one of India's wealthiest female fashion designers, as recognized by Forbes. Her estimated net worth stands at USD 10 million, which translates to over Rs 83.21 crore.

26/04/2024

📲 has informed the today that the platform would cease to operate if forced to break end-to-end encryption of messages.

Rule 4(2) of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 mandates social media intermediaries to enable the identification of the first originator of information when ordered by a court or competent authority.
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20/04/2024

Recently, Flipkart expressed interest in acquiring Zepto, a quick-commerce platform.

However, despite offering $2 billion and the opportunity for founders to remain in charge, Zepto, based in Mumbai and valued at approximately ₹16,701 crores, declined the proposal.

Instead, Zepto is focusing on securing a financial round to raise around $2.5 billion, nearly double its previous valuation of ₹20,877 crores.

The swift growth of the quick-commerce sector has played a significant role in boosting Zepto's value in recent months.

Aadit Palicha, Zepto's CEO, clarified that the company is not currently seeking strategic investors and dismissed any speculation about ongoing discussions with external parties.
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20/04/2024

Only 2.48 million profiles out of the 8 million audited in India exhibited credible and high-quality followers in an analysis by influencer marketing platform Klug Klug.

20/04/2024

Tesla CEO Elon Musk has postponed his trip to India where he was scheduled to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market.

"Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year," Musk said on X. Musk was scheduled to visit India on April 21 and 22.
While the specific reasons behind the postponement remain undisclosed, reports suggest that Musk's schedule might coincide with his presence required for a crucial conference call on April 23 in the US to answer questions about Tesla's first quarter performance.

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16/04/2024

Instagram generated almost 30% of
Meta's revenue in early 2022.

16/04/2024

Gaurav Taneja, also known as 'Flying Beast', got famous for getting fit on his YouTube channel, 'Fit Muscle TV'. Now he's started farming and made his own ghee brand called Rosier Foods.

16/04/2024

Shivani Poddar, with no background in fashion or tech, co-founded High Street Essentials (HSE) in 2012, now known for FabAlley and Indya. Inspired by entrepreneurs at Avendus Capital, she and Tanvi Malik studied the market for 6 months, starting with a small team and bootstrap budget. They grew from a tiny office, using personal savings and investor funds. Facing the pandemic, they adapted, adding masks and loungewear. Today, both brands serve young women in India, emphasizing comfort and style.
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08/04/2024

|| Meet the top 12 most funded future unicorns in India
As per Inc42's latest report, "Unicorns Of Tomorrow: Decoding India's Soonicorn Landscape Report, 2024":

There are 112 fast-growing startups that have the potential to become future unicorns in the country.
These soonicorns have raised more than $15 Bn+ in funding and have a combined valuation of a whopping $40 Bn+.

India is expected to produce over 280 unicorns by 2030 - an increase of 2.4 times from 2023.

Indian soonicorns have created over 1.26 lakh jobs - where 90% of employment was generated by Bengaluru, Mumbai and Delhi NCR-based soonicorns.

Fintech & Ecommerce will produce the most future unicorns in India. The current soonicorn club has 55 startups from both the sectors combined.

08/04/2024

|| | The
industry in India is all set to
become more lucrative as it is estimated to hit Rs 3,375 crore by 2026 at a compound annual growth rate (CAGR) of 18 per cent.
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08/04/2024

Earlier today, Kotak Institutional Equities retained 'BUY' rating on Zomato and increased the price target to INR 210 from the earlier INR 190.
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08/04/2024

|| India's car market is the world's third biggest after China and the US.

Every car company wants a share of the booming Indian market, especially the ones with a promising future, like electric cars.

Tesla is no different. Owner Elon Musk is understood to be bullish on the Indian car market despite the large-scale investment it would require to make India-specific electric cars.

As per reports, the electric car manufacturer has commenced the production of affordable right-hand drive cars at its Germany-based manufacturing facility for launch in India later this year.

The decision came after the US-based company agreed on the proposal sent by the Indian government allowing the import of 8,000 EVs every year at a lower 15%
import duty with a condition that the company will have to invest a minimum of Rs. 4,150 crore in the country to set up a new EV manufacturing facility with a minimum of 25% localisation.

The exact model of launch in the domestic market is unknown.

*20,000 Cr factory in India:

In June 2023, Musk revealed that Tesla was in talks with the Indian government over setting up a
manufacturing unit in India. A year ago, he was critical of India being one of the highest import duty levying countries.

However, Tesla is now gearing up to set up an India-based factory to manufacture India-specific electric cars for Indian consumers typically attributed to risk-averse characteristics.

A specialised team of Tesla executives will arrive in India by April end to search for locations to set up a *20,000 Cr factory in India.

This new EV is the company's upcoming India-based manufacturing facility for local sales and exports to other markets like Southeast Asia, the Gulf, Africa and southern and eastern Europe.

Will Tesla impact local car makers?

Indian firms like Tata Motors, TVS Motor Company, and Ola Electric have objected to Tesla's entry into India, as it may hurt their investments in localisation.

07/04/2024

|| Shreyas lyer's investment was part of
a larger *10 crore round raised by the startup, which also saw participation from IIMA Ventures, family offices, and Zee5 cofounder Tarun Katial.
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07/04/2024

Indian startups cumulatively raised $151.6 Mn, a 38% decline from last week's $243 Mn. However, there was a rise in the number of deals with 22 startups raising funding compared to 17 in the preceding week
Key startup funding highlights of the week.

IPO-bound Ola Electric bagged the biggest cheque this week, securing $50 Mn in debt funding from EvolutionX Debt Capital via non-convertible debentures (NCDs).
Maintaining its lead from last week, enterprisetech sector bagged the most funding of $52.3 Mn through 8 deals.

Seed-stage startup funding picked up steam this week with startups netting $8.1 Mn, up 270% from last week's $3 Mn.

06/04/2024

According To The Fortune 500 Global List In 2024, Walmart Is The Worlds 1st Largest Company And Amazon Is The 2nd Largest Company By Revenue.
Source ( www.fortune.com )
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06/04/2024

In childhood, you must have read in a Hindi book, 'Th se Thathera', but do you know who is 'Thathera'? In the third season of Shark Tank India (Shark Tank India-3), a startup came which not only refreshed those childhood memories but also explained the true meaning of banter. Thathera is a community that makes utensils by hand. This startup makes brass, copper and bronze utensils.

P-TAL stands for Punjab Thathera Art Legacy. It was started by Aditya Aggarwal, Kirti Goyal and Gaurav Garg in 2019. It started as a project while studying at Shri Ram College of Commerce, Delhi. The founders of the startup said that today there is only talk about what to eat, but there is no talk about on what to cook it in. In olden times, grandmothers used to say that cook in brass, eat in bronze and use copper utensils to drink water. It is said that 93 percent of the nutrients are preserved in the food prepared in these, whereas in normal utensils this figure remains only 13 percent.

Increasing income of the families of the scoundrels This startup has helped about 55 such Thathera families, who earlier used to earn Rs 2-3 thousand per month, but today earn at least Rs 25 thousand per month and some even earn upto Rs 1 lakh. This family lives in Jandiala Gurudwara, a small town about 30-35 kilometers from Amritsar.

Got double investment, Grabbed All Shark Deal.

Recently this startup has raised a seed round of funding, before which this startup was completely bootstrapped. This funding round was led by Titan, in which D2C founders like Ghazal Alagh, Arjun Vaidya also participated. This funding round took place in April 2023 at a valuation of Rs 25.25 crore premoney and Rs 29.58 crore postmoney, under which the company had raised Rs 4.33 crore.

The founders of this startup offered 1 percent equity in exchange for Rs 50 lakh for their startup in Shark Tank at a valuation of Rs 50 crore. After much negotiation on investment, the founders of this startup finally raised an investment of Rs 1 crore in exchange for 3.2 percent equity at a valuation of Rs 31.25 crore.

05/04/2024

|| From risking a potential bankruptcy to becoming the richest man on the planet!
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05/04/2024

The latest episode of Shark Tank India 3 starts with two Hyderabad based-brothers Hardik Kedia and Kartik Kedia showcasing their brand Neon Attack - which sells premium neon signs and lights for homes, offices and events. Neon Attack is a brand that specializes in creating neon lights for rooms, adding a cool and unique touch to any space. They also offer custom personalized neon lights and trendy neon signs, catering to individual preferences and style choices. The customized Neon signs are available on their website.

It uses 80 percent less power compared to traditional Neon gas signs and they offer 2 years warranty. They have catered to more than 12,000 customers. Their ask is Rs 75 lakhs for 3 percent Equity. Neon attack Invented smartphone controllable colour changing technology ( Floro ). The brand has launched India's first waterproof neon lights. They also have breakproof signs that don't break when bent for events.

Halfway through the pitch, Namita offers a deal to Hardik and Karthik. She says, "Did you notice I've been helping you since the time you have come on the show. The chemistry we have right now, I think is important between a founder and an investor." She then reveals about her sons. She says, "My two sons, who are 18 and 13 years old, are the most excited about the game room and in their game room, they have done so many customizations. That is what they are working on. I keep ordering stuff every three months online. I am trying to say that it is a huge trend. Currently, you are only there on WhatApp and websites and there's a lot you can do in the market, retail channels. It has a lot of potential."

Aman and Namita introduce royalty in the deal. After much negotiation, the Sharks and Neon Attack close the deal at Rs 50 lakhs for 2 percent Equity + Rs 25 Lakhs debts at 2 percent Royalty until Rs 50 lakhs is Recouped.

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04/04/2024

It's highly improbable if you're unfamiliar with Wow! Momo or haven't ordered it at least once on Swiggy or Zomato.

India, a country with such a intricate and diverse market, especially in terms of food, who would have guessed that momos could become a multi-crore business?

Today, we'll share the tale of the individuals responsible for Wow! Momos' success - the momowallas who completely disrupted the momo selling market.
Sagar and Binod's entrepreneurial journey is an inspiration to dare to dream big and transform passions into reality.

Wow! Momo's success story is about two people and their love for food and diverse culinary delights, and how they turn their passion for momos into a thriving business. The dynamic duo of Sagar Daryani and Binod Homagai embarked on an extraordinary journey that started with a small kiosk in Kolkata.

Momo currently employs a workforce of more than 1800 individuals, including those with disabilities and individuals associated with various NGOs through partnerships established by the company.

Armed with an initial investment of Rs 30,000 that Sagar borrowed from his father, they ventured into the momo business at the young age of 21. While Sagar focused on expanding the brand, marketing, and managing retail operations, Binod took on the responsibility of overseeing production and ensuring quality control.

Their team grew with the addition of Shah Miftaur Rahman and Muralikrishnan, who contributed their financial and marketing expertise, respectively.

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03/04/2024

|| An Online fashion brand Styched, has announced its acquisition of Flatheads, a Direct-to-Customer (D2C) online casual sneaker startup that featured on Shark Tank India season 2. According to the company, the deal, structured as an all-equity transaction, marks Styched's foray into the footwear segment.

In an official statement, the Bengaluru-based Styched, said that it will expand into the footwear sector with the acquisition of Flatheads. Leveraging their expertise in production, Styched plans to incorporate its production-on-demand technology into the footwear category, enabling the expansion of Flatheads' existing collection.

"The Flatheads-Styched deal gives new wings to our idea of creating unique footwear for the young Indian. Styched has changed the operating model of creating and delivering fashion, and I'm very excited to see Flatheads taking the next leap together. Young Indians are just starting to flaunt their sneakers as a new fashion and lifestyle statement. The market is evolving, and it will be a unique journey for the category, different from other parts of the world. It will be fulfilling to see Flatheads being an integral part of the market creation and growth," said Ganesh Balakrishnan, co-founder, Flatheads.

The statement also said that Styched reinforces its commitment to providing fashion-forward choices for the youth market, expanding its product range, and embracing innovation in the rapidly evolving fashion landscape with this acquisition.
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03/04/2024

// the.startupjourney Founded in 2019 by husband-wife duo Saloni Anand and Altaf Saiyed, .health aims to help treat hair fall internally by identifying the root cause of hair fall.

Prior to this round, The startup raised $2.2 million in January 2022.
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03/04/2024

|| Founded in 2017 by Akash Gupta and Rashi Agarwal, Zypp initially focused on B2C mobility services, inspired by the couple's observations of EV adoption during their travels in Europe. Recognizing the challenges of the EV space, Zypp pivoted towards B2B delivery services in 2019, aiming to provide carbon-free last-mile delivery solutions.

Zypp operates an asset-light model, managing a fleet of EVs for delivery in partnership with leading EV players like Gogoro, Sun Mobility, and Hero Electric. Leveraging IoT and Al technologies, Zypp offers real-time driver verification, vehicle tracking, and performance monitoring. The startup has facilitated 15 million deliveries for top ecommerce partners, reducing carbon emissions by 33 million kg of CO2.

During the pandemic, Zypp witnessed increased demand from local merchants and ecommerce players for essential goods delivery. With plans to expand its fleet from 10,000 to 200,000 e-bikes and its footprint to 30 cities by December 2025, Zypp aims to become the go-to delivery platform for India's gig economy workers.
Zypp's vision is to revolutionise last-mile delivery,
making it sustainable and cost-effective for businesses while reducing environmental impact.Zypp is poised for rapid growth, aiming to address the evolving needs of India's burgeoning ecommerce market while
championing environmental sustainability.

03/04/2024

Founder Avik Chaudhery And Gaurang Gadia, both 21-year-olds from Delhi, founded in August 2022 to offer affordable, high-quality alternatives, disrupting the Indian beverage market.

During their time at Delhi University, Avik and Gaurang craved hydrating drinks over soda. They noticed most iced teas lacked actual tea, sparking an idea for healthier alternatives using honey and khaand.
The pandemic's demand for nutritious options aligned perfectly with their venture's launch.

Positive feedback encouraged them to start producing their iced teas. Gaurang explained that their startup's name, FOMO, symbolizes discovering meaningful opportunities.

In busy Delhi, two 20-year-olds sparked by kitchen experiments made natural iced teas brimming with local flavours like tea, honey, and khand.

Upholding high-quality standards and rooted in Delhi's essence, FOMO's artisanal brews, sans refined sugar or preservatives, grace shelves and soon, quick commerce platforms like Instamart and Amazon.

In a thrilling Shark Tank India Season 3 episode, founders and .me clinched a Rs.35 lakh deal, lauding the show's intensity. FOMO's revenue soared from April to September, hitting Rs 3.7 lakh.

Post-show, sales are expected to skyrocket, with Gaurang expressing optimism. FOMO aims to become India's top beverage brand, prioritizing quality and taste for consumers nationwide.

FOMO has gained recognition in the iced tea market, signalling its growth.

Additionally, Gaurang revealed FOMO's deeper purpose: to fill the gap for an Indian brand in the tea industry. He also emphasized the authenticity and intensity of 'Shark Tank India' as a reality TV show.

Website: https://fomobrews.com/

02/04/2024

|| New Delhi-based travel and lifestyle startup .travel has raised $2.1 Mn (around INR 17.4 Cr) in an undisclosed funding round.
The startup will use the fresh funds to expand its team and product range while increasing its focus on marketing and branding initiatives.
Founded in 2019 by Aditya Khanna and Mohit Garg, Assembly offers mass-premium luggage, backpacks, and travel accessories tailored for the contemporary traveller.

Assembly also appeared in Shark Tank Season 3 where they claimed that in the last three years, they helped more than 2 lakh travellers with their products. They also have a vision to become India's leading and thoughtful travel store in the next 2 to 5 years.

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|| This Is So true 💯 ✔️ . . . . #startupvue #sharktankindia #founder #entrepreneurs #startup #fundraising #sharktank #businessnews #startupnews #funding #growth #marketing #strategy #india #startupvue #business #trending #founder #startupbusiness #kunalshah #cred

Recently, an individual asked Shark Tank India host Vineeta Singh for advice on starting a business with minimum capital. Vineeta took to her official Instagram handle to share a video about the minimum amount of capital needed to start a business. She narrated her experience of struggling with limited capital while starting her cosmetics brand SUGAR in 2015. "Mukta ji, Maine apne business ki shuruaat jab ki thi, kareeb 16 saal pehle, toh literally Rs 10,000 hi the. Toh aisi koi minimum rakam toh hoti nahi hai. Par, of course, struggle bahut hoti hai." Mujhe yaad hai, first 5 saal itni problem hoti thi ki kabhi kabhi ghar mein even Aqua guard lagane ke liye meri mom ne zabardasti aa ke mere ghar mein aqua guard laga diya tha, kyunki uske bhi paise nahi the," Vineeta Singh added. Furthermore, the Shark Tank India judge shared the key to success in the entrepreneurial world. "Par agar aap patience se, dheere dheere apna business banayein, apne cash flow ko tightly manage aur rotate karein, financial discipline rakhein, hadbadi mein paise idhar udar naa kharche, toh mera maanna hai ki koi bhi rakam kam nahi hoti hai business start karne ke liye." FYI: Vineeta Singh is the founder of the Omnichannel beauty retailer Sugar Cosmetics. "We have already crossed Rs 500 crore revenue in FY24. #startupvue #icetea #sharktankindia #founder #entrepreneurs #startup #fundraising #sharktank #businessnews #startupnews #funding #growth #marketing #strategy #india #startupvue #business #trending #founder #startupbusiness #vineetasingh #SUGARCosmetics

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