{Funding Alert} Wearable Healthtech Startup Gabit Secures Rs 36.2 Cr Funding

BY - Indian Retailer Bureau
Sub Editor
May 25, 2026 /
184
Wellness startup Gabit has secured nearly Rs 36.2 crore, or approximately USD 3.7 million, in fresh funding, reflecting growing investor interest in India’s wearable healthtech and preventive wellness sector.
Founded in 2022 by former Zomato cofounder Gaurav Gupta and entrepreneur Arpana Shahi, the company raised capital from a group of angel investors, including Deepak Gupta, Arnab Basu, Manav Gupta, Vilas Dhar, and other strategic investors. The funding was completed through multiple tranches of pre-Series A5 compulsorily convertible preference shares (CCPS). Following this round, Gabit’s cumulative funding has surpassed USD 12.7 million, excluding an undisclosed celebrity-backed investment round involving Ranbir Kapoor and Badshah conducted last year.
Gabit operates across multiple wellness categories, combining wearable technology, AI-enabled healthcare, nutrition, recovery solutions, skincare, and preventive health services within a single ecosystem.
According to Gabit, its flagship wearable tracks more than 150 health metrics spanning sleep quality, physical activity, stress levels, recovery patterns, and nutrition-related indicators. These insights are integrated with the company’s mobile application, which provides AI-driven recommendations and customised wellness guidance.
The latest investment comes amid rising consumer preference for preventive healthcare, personalised wellness management, and health-tracking technologies across India. Gabit has positioned itself in the premium wellness segment by integrating devices, software, and subscription-led wellness services.
Beyond wearables, the company has expanded into adjacent categories to strengthen its ecosystem approach. Its skincare range now includes sunscreens, face washes, moisturisers, and serums tailored to varying skin concerns and user profiles.
Prior to this round, Gabit had raised USD 9.5 million in seed funding led by Norwest Venture Partners, with participation from investors including Deepinder Goyal and Kunal Shah.
The company has also pursued inorganic growth to broaden its offerings. Last year, Gabit acquired Sweden-based nutrition brand Näck, adding supplements and nutrition products to its growing wellness portfolio.
The funding comes at a time when India’s wearable and digital health sector is seeing increased investor activity, particularly in startups focused on AI-driven healthcare, sleep technology, recovery solutions, and preventive wellness.
Industry projections estimate that India’s smart wearables market could reach nearly USD 10.26 billion by 2031, creating larger growth opportunities for companies building connected healthcare and personalised wellness platforms.
Gabit’s latest capital raise reflects a wider trend in the healthtech sector, where startups are increasingly combining hardware, AI, digital subscriptions, and wellness commerce to create scalable and long-term consumer ecosystems.
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Slovic Crosses Rs 200 Cr ARR and Turns EBITDA Positive

BY - Indian Retailer Bureau
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/ 1 MIN READ

Sports and fitness gear brand Slovic has crossed Rs 200 crore in annualised recurring revenue (ARR) and turned EBITDA positive in April 2026, according to Shashwat Diesh, founder of Powerhouse91, the company behind the brand.
Founded by Aqib Mohammed and Shashwat Diesh, Slovic has reported nearly 250 percent CAGR growth over the last two years, driven largely by rising demand for fitness and home-gym equipment.
“Slovic has built the business with strong capital efficiency and disciplined growth. The company’s revenue scale relative to the capital raised reflects the strength of the model,” said Diesh.
The brand, incubated by Titan Capital, has raised around Rs 28 crore in equity funding to date. Its investors include Haresh Chawla, FJ Labs, Crossbeam Venture Partners, and Mamaearth co-founder Varun Alagh.
According to Diesh, Slovic’s revenue increased from Rs 30 crore in FY25 to Rs 92 crore in FY26, while its current ARR has reached Rs 225 crore.
The company’s home fitness range continues to be its primary growth driver, with products such as dumbbells, pull-up bars, and resistance bands contributing the largest share of revenue. Swimming and cricket equipment categories also form a significant part of the business.
Slovic currently generates around 45 percent of its sales through marketplaces and another 45 percent through quick commerce platforms, while the remaining revenue comes from its direct-to-consumer website.
Aqib Mohammed, Co-founder, Slovic said, “Branded searches for Slovic have grown 8X over the last six months, which has significantly improved customer acquisition efficiency.”
The company employs approximately 80 to 90 people and says profitability has reduced the immediate need for fresh fundraising, despite continued investor interest.
Alongside its financial milestones, Slovic recently appointed actor Tiger Shroff as brand ambassador under its “Gym Ghar Lao” campaign, aimed at strengthening its positioning in the home fitness category.
The brand’s growth comes amid increasing consumer demand for affordable home workout equipment across India. However, the segment remains highly competitive, with brands such as Decathlon, Cultsport, Boldfit, and marketplace-led sellers competing across pricing and distribution channels. Slovic said improving brand recall and repeat demand continues to support customer acquisition and long-term growth.
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Kapiva Expands Across Tier II and III Markets with Growth Push

BY - Indian Retailer Bureau
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/ 1 MIN READ

Kapiva is strengthening its omnichannel expansion strategy with plans to cross Rs 1,000 crore in revenue over the next few years while expanding deeper into Tier II and Tier III markets. The Ayurveda and wellness brand is scaling its retail footprint and product portfolio as demand for preventive healthcare and science-backed wellness products continues to grow in India.
Founded in 2016 by Ameve Sharma, Kapiva began its journey through Ayurvedic clinics focused on personalised wellness and treatment. The company later shifted its strategy after identifying the limitations of the clinic-led model and recognising the potential to scale Ayurveda through consumer products and wider distribution.
Today, Kapiva operates as an omnichannel wellness company with presence across its own direct-to-consumer platform, online marketplaces including Amazon and Flipkart, quick commerce platforms such as Blinkit, Zepto, and Instamart, alongside an offline retail network spread across more than 50,000 touchpoints in India. The company expects this network to cross 60,000 retail touchpoints in the near term as it expands into emerging markets and underserved wellness segments.
Kapiva has also expanded internationally, with operations in the United States, the United Kingdom, and the Middle East. According to the company, increasing interest in holistic wellness and herbal healthcare is creating new opportunities for Ayurveda-led Indian brands among both diaspora and global consumers.
The company currently offers over 50 SKUs across categories, including sports nutrition, diabetes management, women’s health, digestion, skin and hair care, daily wellness, and heart and liver health. Recent launches include Ashwagandha Sleep and Energise Capsules, Digesti Care+ Juice, Arthosure Juice, Sea Buckthorn Juice, and Shatavari Lacta Naturals.
Kapiva sees significant growth opportunities in Tier II and Tier III cities, where organised wellness and preventive healthcare categories continue to remain underpenetrated. Rising health awareness, increased digital adoption, and changing consumer preferences are supporting the company’s expansion beyond metro markets.
Looking ahead, Kapiva plans to strengthen its presence across categories such as pain management, digestion, kids’ health, women’s wellness, and sports nutrition while continuing to build its omnichannel network across India.
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{Funding ALERT} ANSCER Robotics Raises Rs 45 Cr Led by IAN Group

BY - Indian Retailer Bureau
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/ 1 MIN READ

ANSCER Robotics has raised Rs 45 crore in a funding round led by IAN Group through IAN Alpha Fund, with participation from Info Edge and other angel investors. The company said the investment will be used to accelerate product innovation, expand its presence in the US, build strategic partnerships, and scale partner-led deployments across factories and warehouses.
Founded in 2020 by Ribin Mathew, Ebin Sunny, Raghu V, and Raj Mohan, ANSCER Robotics develops AI-native automation solutions for industrial and warehouse environments. The company builds autonomous mobile robots (AMRs), fleet management software, and AI-driven automation systems aimed at improving operational efficiency, reducing downtime, and enhancing workplace safety.
Headquartered in Bengaluru, ANSCER Robotics has developed a modular hardware and software platform engineered to global safety standards. The company operates a manufacturing facility with the capacity to produce more than 1,000 robots annually and a dedicated 20,000 sq. ft. testing facility where robots undergo performance and endurance testing before deployment.
Ribin Mathew, Founder & CEO, ANSCER Robotics said, “The first era of automation was about machines following instructions. The next era will be about machines understanding context, learning from operations, and working alongside enterprise intelligence. ANSCER is building that future through a robotics platform developed in India, designed for global standards, and ready for the AI-native factory.”
The company said the latest funding comes as industries globally increase investments in automation and smart manufacturing to address labour costs, operational inefficiencies, safety concerns, and supply chain demands.
Rajnish Kapur, Managing Partner, IAN Alpha Fund shared, “We believe that industrial automation technology has reached a critical point globally. Today, companies view automation as a key resource for resilience, intelligence, and competitive advantage, not just efficiency. It was the team's vision for the development not only of robotic hardware but also of an intelligent, interoperable automation solution that could evolve with the adoption of enterprise artificial intelligence that impressed us the most. Their approach of integrating robots, orchestration software, fleet intelligence, and AI-native infrastructure places them well in an industry expected to experience rapid growth globally in the coming years.”
ANSCER Robotics currently operates from Bengaluru with sales and support presence in the United States, serving customers and partners across the US, Europe, and the Asia Pacific.
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{Funding Alert} Yes Madam Raises Rs 50 Cr in Series A Funding Led by Info Edge

BY - Indian Retailer Bureau
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/ 1 MIN READ

Home salon and wellness services platform Yes Madam has secured its first institutional funding round, raising Rs 50 crore in Series A capital led by Sanjeev Bikhchandani-backed Info Edge. Yes Madam’s board approved the allotment of 2,64,987 Series A preference shares at an issue price of Rs 1,885 per share to raise the capital.
Info Edge, through its B8 Fund, was the sole investor in the round. The investment values the company at nearly Rs 750 crore, or around USD 79 million.
The newly raised capital will be deployed to support the company’s expansion into additional cities, strengthen its service partner ecosystem, invest in technology capabilities, and enhance customer experience while maintaining a focus on operational efficiency and profitability.
Founded in 2016, Yes Madam operates an at-home beauty and wellness services marketplace, enabling consumers to book salon and personal care services, including haircuts, facials, waxing, and massages, through its mobile application and website. The platform connects customers with trained professionals who provide these services at home, generating revenue through commissions on bookings.
The Noida-based company claims to process more than 3 lakh bookings every month and currently operates across more than 55 cities in India. It has onboarded over 12,000 service professionals since its inception.
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{Funding Alert} abcoffee Raises Rs 61 Cr to Accelerate Expansion Across India

BY - Indian Retailer Bureau
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/ 1 MIN READ

India’s grab-and-go coffee chain abcoffee has secured Rs 61 crore in a Pre-Series B funding round led by Kliff Ventures, the newly launched consumer retail fund backed by K Hospitality Corp. The funding round also saw participation from Hero Enterprise Partner Ventures, Merisis Venture Fund, and Stride Ventures.
The fresh capital will be used to support abcoffee’s cluster-based retail expansion strategy across existing and new markets. The company plans to strengthen its footprint in Mumbai, Delhi-NCR, and Bengaluru while entering high-density office districts, residential neighbourhoods, and transit-led micro-markets where access to premium coffee offerings remains limited.
A substantial share of the funding will also be allocated toward technology development, customer engagement initiatives, subscription models, supply chain enhancement, backend infrastructure, operational efficiency, and product innovation.
Founded in 2022 by Abhijeet Anand, Abcoffee currently operates more than 90 outlets across Mumbai, Delhi-NCR, and Bengaluru. The chain follows a compact and high-efficiency retail format designed around frequent coffee consumption and quick service.
The company reported strong business growth during FY26, with revenue doubling year-on-year and store EBITDA rising 193.2 percent compared to the previous year. The company also reported a 60 percent high-frequency repeat customer rate, highlighting strong consumer retention.
Technology continues to play a central role in abcoffee’s operating model. According to the company, 54 percent of takeaway orders are now placed through its app, supported by growing adoption of digital ordering, pre-orders, and subscription-based purchases.
The brand said its subscription ecosystem contributes to 50 percent of total app-based orders and pre-sells over 40,000 cups of coffee and beverages every month for consumption over the subsequent 30 days.
Abhijeet Anand, Founder and CEO, abcoffee said, “Coffee in India is moving from an occasional café experience to an everyday habit. abcoffee was built for that shift. Our model is simple: great coffee, served fast, priced accessibly, available wherever the customer needs it. This fundraise is a strong validation of our belief that India needs a new kind of coffee company, one that is smartly designed in format, technology-led in experience, and built for repeat consumption. With this capital and the operating depth of Kliff Ventures and K Hospitality, we are focused on scaling abcoffee into India’s default habit coffee brand.”
Karan Kapur, Executive Director, K Hospitality Corp and Kliff Ventures added, “We believe abcoffee has the potential to emerge as the leading brand in India’s rapidly growing coffee category. We are excited to back Abhijeet, who over the past 4 years has scaled and built a differentiated business with strong customer love, disciplined execution, and a compelling right to win. Through Kliff Ventures, we look to partner with ambitious founders building scalable and enduring consumer retail brands, and we are excited to join abcoffee in the journey ahead.”
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Culture Circle Launches in UAE to Expand Luxury Sneaker Marketplace

BY - Indian Retailer Bureau
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/ 1 MIN READ

Culture Circle has officially entered the UAE market, marking a significant step in the company’s international expansion strategy as it looks to take Indian sneaker and streetwear culture to global consumers.
The company said the UAE launch is aimed at building an authentication-focused, digitally driven marketplace for luxury fashion, sneakers, and streetwear across the GCC region. Culture Circle currently offers more than 8 lakh SKUs across categories, including premium sneakers, luxury handbags, watches, collectibles, streetwear, and global fashion labels.
The platform enables consumers to compare prices from sellers across the UAE, allowing greater pricing transparency and wider access to premium and limited-edition products. As part of the expansion, Culture Circle is also introducing Indian sneaker culture and homegrown streetwear labels to the GCC market, creating international visibility for Indian-origin brands and curated collections.
The company plans to open its first physical store in the UAE within the current financial year as part of its broader omnichannel strategy in the region.
The marketplace places a strong focus on product authentication through its proprietary “Check Check” verification process, under which products undergo multiple levels of authenticity checks before being listed on the platform.
Culture Circle’s marketplace combines luxury fashion and sneaker culture within a unified shopping experience, allowing customers to purchase products ranging from Jordans and Yeezys to Birkin bags and Rolex watches through a single checkout platform. The UAE launch will also include GCC-exclusive drops and region-specific colourways from global brands, catering to demand for limited-edition products.
Further strengthening its marketplace ecosystem, the company is launching a resale and consignment vertical through its “Sell With Us” programme, enabling collectors, resellers, and luxury product owners across the GCC to participate in the secondary luxury market. The platform will also introduce a WhatsApp-based VIP concierge service for premium customers, offering personalised sourcing and curated shopping support.
The launch comes as the UAE continues to emerge as one of the fastest-growing global markets for luxury fashion, sneakers, and hype culture, supported by digitally connected and aspirational consumers seeking authenticated and exclusive products.
Ackshay Jain said, “The UAE sits at the intersection of luxury, fashion, and global culture today. Consumers here are highly evolved and deeply value authenticity, exclusivity, and convenience. With Culture Circle, we are introducing a platform that not only offers the region’s widest authenticated assortment across hype and luxury, but also delivers a seamless and transparent shopping experience tailored specifically for GCC consumers.”
Devansh Jain Nawal added, “Our ambition has always been to build the world’s most trusted marketplace for hype and luxury commerce. Following our strong growth trajectory in India, the UAE represented a natural next chapter for the brand, given its influence on global luxury retail and sneaker culture. We are also proud to take Indian sneaker culture and homegrown brands to a global audience through this expansion. Over the next six months, we are targeting ₹15 crore GMV in the UAE market as we continue building a deeply engaged community-led ecosystem for the next generation of luxury consumers.”
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{Funding Alert} Kalpi Raises Rs 3.75 Cr Seed Funding from Rainmatter

BY - Indian Retailer Bureau
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Kalpi has raised Rs 3.75 crore in a seed funding round led by Rainmatter by Zerodha, the investment and incubation arm of Zerodha.
The startup said the newly raised capital will be used to expand its team, enhance platform capabilities, acquire advanced datasets, and strengthen distribution across both retail and institutional investor segments.
Founded in 2025 by Ashwar Gupta, Kalpi is developing a rule-based quantitative investing platform that allows users to create, test, automate, and execute systematic investment strategies across equities, ETFs, and mutual funds.
The company currently operates through two separate platforms tailored for different investor categories. Its retail platform, Kalpi.ai, is focused on individual investors, while KalpiQuant.com caters to institutional participants such as PMS firms, AIFs, RIAs, brokers, and family offices.
Kalpi’s retail offering enables users to create customised stock baskets, evaluate investment strategies, analyse portfolios, and execute trades through integrated brokerage partnerships. Meanwhile, the institutional platform provides tools including portfolio optimisation, backtesting engines, factor analysis, statistical modelling, and risk attribution systems.
Gupta, a CFA charterholder and BITS Pilani graduate, has previously worked in quantitative finance and investment research. Through Kalpi, the company aims to make institutional-grade quantitative investing tools more accessible to a wider range of investors and wealth managers.
According to the startup, its platform helps reduce the cost and operational complexity usually associated with developing quantitative investment systems, which have traditionally been limited to hedge funds and large institutional firms.
The funding comes at a time when investor interest in AI-led investing, automated wealth management, and data-driven portfolio strategies continues to grow within India’s fintech ecosystem.
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Snabbit Launches Salon-at-Home Beauty Services in Bengaluru

BY - Indian Retailer Bureau
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/ 1 MIN READ

Snabbit has entered the beauty services segment with the launch of a salon-at-home offering aimed at providing customers with quick access to trained beauty professionals. The expansion marks the company’s move into a category that complements its existing home services business.
The company said it has been testing the service over the past six weeks in Bengaluru’s Sarjapur area. During the pilot phase, Snabbit completed more than 2,000 bookings while maintaining an average fulfilment time of under 15 minutes.
At present, the pilot operates with a network of 25 beauty professionals and manages nearly 50 bookings every day. The company believes the category aligns with its hyperlocal delivery model and growing consumer demand for convenience-led services.
“Beauty services is a high-frequency category with a large addressable market that overlaps well with the core category we have built. Consumers today increasingly value convenience, while beauty services largely continue to remain appointment-led. We see an opportunity to simplify the experience through speed, reliability, and hyperlocal fulfilment," shared Aayush Agarwal, founder and CEO, Snabbit.
The service currently works with women beauty professionals who already have industry experience and are also receiving additional training through Snabbit’s training centres. According to the company, the offering has been designed keeping convenience and comfort for women consumers in mind.
Pricing for services on the platform starts at Rs 49, and the company has introduced the category without a minimum order requirement.
Dev Priyam, who leads the category expansion efforts, said demand during the pilot phase has been largely driven through local customer referrals and repeat usage.
“We are seeing a very strong surge in demand, driven almost entirely by organic word-of-mouth in the dense neighbourhoods we have launched in. Consumers should not have to plan around basic beauty needs anymore. Whether it’s before office, after work or ahead of stepping out, beauty is increasingly becoming an instant, convenience-led use case. Our focus right now is on perfecting the experience before folding the service into the Snabbit app and scaling it across our existing micromarkets,” stated Dev Priyam, vice president, business at Snabbit.
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The Glendronach Enters India’s Luxury Whisky Market

BY - Indian Retailer Bureau
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Brown-Forman has announced the launch of The Glendronach in India, expanding its presence in the country’s premium and super-premium whisky segment. The company is introducing the Highland distillery’s core single malt portfolio, including The Glendronach Aged 12 Years, 15 Years, and 18 Years.
Founded in 1826 in Scotland’s “Valley of Brambles,” The Glendronach is known for its focus on sherry cask maturation. Produced in the north-east Highlands of Scotland, the whiskies are matured primarily in Pedro Ximénez and Oloroso casks sourced from Andalucía, Spain. The distillery said the process helps develop layered flavour profiles with notes of dark fruit, spice, and oak complexity over extended maturation periods.
The India portfolio includes three expressions designed to showcase different aspects of the distillery’s style. The Glendronach Aged 12 Years carries notes of sherried autumn fruit, gingerbread, chocolate praline and orange peel, while the Aged 15 Years offers flavours including maraschino cherry, walnut liqueur and dark chocolate mint. The Aged 18 Years, matured exclusively in Oloroso sherry casks, features notes of stewed fruits, tobacco, and toasted walnut bread with a prolonged finish. All three variants are bottled using natural cask-imparted colour.
The whiskies are crafted under the direction of Dr. Rachel Barrie, who visited India as part of the launch activities.
Rachel Barrie, Master Blender, who was in India to introduce The Glendronach to consumers, collectors, and members of the media, said, “The Glendronach is a surprise, a revelation. It begins with an aroma that is inviting, enticing, and mellow, before opening into an amplification and crescendo of flavour across the palate - becoming far richer than you first expect. The whisky builds beautifully with every sip, and what is particularly exciting about India is the growing appreciation for that kind of depth, detail, and complexity within single malt whisky.”
Gaurav Sabharwal, Managing Director, India & South Asia, Brown-Forman, added, “The launch of The Glendronach marks another important step in Brown-Forman’s premiumisation journey in India and further strengthens our presence within the luxury and super-premium whisky segment. Indian consumers today are demonstrating a far deeper appreciation for provenance, craftsmanship, and distinctive flavour profiles, and The Glendronach’s richly sherried Highland character makes it a compelling addition to our portfolio at a particularly opportune moment for the category.”
Vinay Joshi, Director - Marketing, Indian Sub-Continent & Maldives, Brown-Forman added, “The Glendronach represents a significant milestone for us as we enter the Single Malt Scotch category in India with a brand that possesses both exceptional heritage and a truly distinctive whisky style. The objective is not simply to participate in the category’s growth, but to bring a more differentiated and flavour-led proposition to India’s increasingly knowledgeable community of single malt scotch collectors and connoisseurs. As consumer palates evolve, we are seeing far greater appreciation for provenance, cask influence and layered flavour complexity - qualities that sit at the very heart of The Glendronach.”
To mark its India debut, The Glendronach hosted launch experiences in Mumbai and New Delhi featuring guided tastings and storytelling sessions focused on cask maturation, provenance, and flavour profiles. The brand is currently available in Delhi, Haryana, Maharashtra, Uttar Pradesh, Goa, and Chandigarh, with plans to expand into additional markets through 2026.
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boAt Enters Singapore Market Amid SEA Expansion Push

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Indian audio and wearables brand boAt has announced its entry into Singapore as part of its broader Southeast Asia expansion strategy. The move comes after the company’s launch in Malaysia and marks another step in its international growth plans across digitally advanced markets in the region.
The company, which claims to be the world’s No. 3 audio brand according to IDC CY Dec 2025 rankings and India’s top audio brand, said the Singapore expansion aligns with its focus on strengthening its presence in high-potential global markets.
As part of the expansion, boAt will continue its partnership with Opptra, a venture founded by Binny Bansal. The partnership is aimed at helping consumer brands expand internationally through digital-first retail ecosystems. Through Opptra, boAt plans to leverage local market expertise, supply chain support, and commerce capabilities to establish its retail and e-commerce operations in Singapore.
The company said Singapore’s digitally connected consumer base and premium lifestyle market present an opportunity to expand its reach among younger consumers looking for design-focused audio products.
boAt will introduce a curated portfolio of products in Singapore, including True Wireless Stereo earbuds, headphones, and charging solutions. The products will be available through e-commerce platforms.
The company said its Singapore portfolio, launched under its ‘Create Waves’ philosophy, will focus on features such as balanced sound quality, battery performance, and Active Noise Cancellation technology at accessible price points.
Gaurav Nayyar, CEO, boAt said, “Southeast Asia continues to be a key growth market in boAt’s international expansion journey, and Singapore marks an important milestone in strengthening our regional presence. With its young, digitally savvy consumer base, evolved retail ecosystem, and strong appetite for lifestyle technology products, Singapore aligns perfectly with our vision of building boAt into a global brand. Following the strong momentum in Malaysia, we are excited to deepen our footprint in the region. Together with Opptra as our trusted partner, we are confident of delivering a seamless, high-quality experience to consumers while scaling rapidly in the market.”
boAt said its Singapore launch adds to its growing international footprint across Southeast Asia, the GCC, and South Asia, as the company continues to focus on expanding in digital-first consumer markets.
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{Funding Alert} Giva Plans Fresh Fundraise as Revenue Crosses Rs 500 Cr

BY - Indian Retailer Bureau
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Giva is set to raise Rs 270 crore, approximately $28 million, through a multi-tranche debt funding round led by BlackSoil Capital, with participation from InCred Credit Fund, Stride Ventures, and Nuvama Crossover Yield Opportunities Fund.
The company plans to raise the capital through multiple debenture issuances. The proposed structure includes Rs 90 crore from BlackSoil Capital, Rs 70 crore from InCred Credit Fund, Rs 40 crore from Nuvama Crossover Yield Opportunities Fund, and Rs 70 crore from Stride Ventures.
The debt facility carries a fixed interest rate of 13.4 percent per annum, payable on a monthly basis.
The proceeds from the debt round will be used to meet working capital requirements, fund capital expenditure for new store expansion, and support general corporate purposes.
Founded in 2019, Giva started as an affordable jewellery brand and later expanded into gold jewellery and lab-grown diamonds. Led by Ishendra Agarwal, the company currently operates around 210 stores across 25 cities in India, in addition to its website and mobile application.
The company has adopted a franchise-led retail expansion strategy and had earlier indicated plans to close FY26 with more than 300 outlets nationwide.
To date, Giva has raised over $158 million in funding, including a Rs 110 crore, nearly $12 million, Series C extension round led by HPV CC1 Ltd in February this year. Industry observers indicate that the latest debt raise could form part of a larger equity and debt financing plan.
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MediBuddy Reports First Profitable Quarter in Q4 FY26

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MediBuddy has reported its first profitable quarter in Q4 FY26, marking a significant milestone for the Bengaluru-based health-tech company as India’s digital healthcare sector continues to scale with a sharper focus on operational efficiency and sustainable growth.
The company reported annual revenue of over Rs 1,500 crore during the fiscal year while improving margins and reducing overall cash burn. MediBuddy said the latest performance reflects stronger operational discipline alongside rising adoption of digital healthcare services across India.
The company achieved positive EBITDA in Q4 FY26, making it the first profitable quarter since its inception. Alongside profitability, MediBuddy recorded nearly 20 percent year-on-year business growth and improved its margin profile by 15 percent.
MediBuddy also reduced its full-year cash burn by nearly 60 percent, supported by higher operational efficiency, improved customer retention, and stronger monetisation across its healthcare services platform. Over the last five years, the company has expanded its revenue nearly sixfold, positioning itself among India’s fast-growing digital healthcare businesses.
A major contributor to the company’s scale has been its enterprise-led business model. According to MediBuddy, more than 75 percent of its revenue currently comes from B2B partnerships with enterprises and insurance companies. The company operates through a hybrid structure that combines enterprise healthcare services, consumer healthcare offerings, and technology infrastructure.
During the year, MediBuddy crossed an operational milestone by serving over 100,000 unique consumers in a single day, surpassing the daily consumer coverage of any individual hospital chain in India, the company stated.
The platform has built a healthcare network comprising more than 140,000 doctors across over 22 specialties, 7,500 hospitals and clinics, more than 7,700 diagnostic centres, and over 10,000 pharmacies across India. Its services include online and offline doctor consultations, medicine delivery, at-home diagnostics, mental health support, and surgery care.
The company’s expansion comes amid rising demand for accessible and technology-enabled healthcare services in India. Increasing smartphone penetration, growing insurance adoption, improved digital infrastructure, and higher awareness around preventive healthcare are contributing to the growth of the country’s digital healthcare ecosystem.
Industry observers note that MediBuddy’s profitable quarter reflects growing maturity within India’s health-tech sector, where investors are increasingly prioritising businesses with stronger unit economics and operational efficiency alongside rapid scale.
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Garmin Collaborates with MyKrida to Support Grassroots Athletic Talent

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Garmin has partnered with MyKrida to support emerging athletes from tribal regions across India through access to performance-focused wearable technology.
As part of the initiative, seven athletes identified through MyKrida’s grassroots talent development program have been provided with Garmin’s Forerunner smartwatches to help them monitor and improve training performance using real-time data and analytics.
The selected athletes, who compete in athletics and endurance sports, come from underrepresented regions where access to structured sports training infrastructure and performance tools remains limited. MyKrida said the athletes were identified through its grassroots scouting and development network focused on nurturing high-potential talent across India.
Garmin’s Forerunner smartwatch series offers performance metrics related to heart rate, pace, distance, recovery, training load, and sleep tracking. The company said the devices are aimed at helping athletes train more efficiently, manage recovery, and maintain consistency in performance.
The initiative is being implemented on-ground by MyKrida, which works with athletes across grassroots, professional, and elite sporting levels to bridge the gap between raw talent and structured high-performance training systems.
Deepak Raina, Director, AMIT GPS & Navigation LLP said, “India has immense untapped athletic potential, particularly in regions where access to structured training tools remains limited. At Garmin, our focus is on enabling athletes with reliable, performance-led technology that brings clarity to how they train, recover, and improve. Through this initiative, we aim to support long-term athletic development and help these athletes compete with greater confidence and consistency.”
Shubham Sharma, Founder, MyKrida shared, “At MyKrida, we are committed to identifying and nurturing talent at the grassroots level, especially in regions where access to resources is limited. Collaborating with Garmin allows us to bring world-class performance technology directly to these athletes, enabling them to train smarter and accelerate their development.”
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Rare Rabbit Expands D2C Portfolio with Entry into Travel Gear Segment

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Rare Rabbit has expanded its direct-to-consumer portfolio by entering the travel gear segment through a partnership with Escape Plan. The move marks the brand’s diversification beyond apparel and lifestyle products into premium travel accessories.
With the launch, Rare Rabbit is looking to strengthen its presence in India’s growing premium D2C market, where consumers are increasingly seeking travel products that combine design, functionality, and fashion-led appeal. The company said the partnership is intended to build a long-term travel gear vertical rather than serve as a short-term category extension.
The new range will bring Rare Rabbit’s design language into luggage and travel accessories, focusing on minimal silhouettes, refined finishes, material quality, and functional detailing aligned with the brand’s premium positioning.
Manish Poddar, Founder & Creative Director, The House of Rare, said, “Rare has always had a distinct point of view on design, craftsmanship, and what premium should truly feel like. Our consumer has evolved with us, and their sense of style extends far beyond the wardrobe — it travels with them. Through our partnership with Escape Plan, we are bringing the Rare design philosophy into a new category, with the same creative rigor, attention to detail, and long-term vision that have shaped our brand. This is a natural extension of our lifestyle universe, where every touchpoint reflects the individuality and aspirations of our consumer.”
Abhinav Pathak, Co-Founder and CEO, Escape Plan shared, “Travel is becoming more frequent, more aspirational, and more lifestyle driven. Yet the travel gear category has remained functional. We see a clear opportunity to build a premium segment where design, durability, and identity come together. Partnering with Rare Rabbit allows us to accelerate that vision with a brand that understands premium consumers deeply. Together, we are positioning Indian luxury travel as a category that can stand independently, both commercially and culturally.”
The collaboration reflects a wider trend of Indian D2C and lifestyle brands expanding into adjacent categories to build stronger consumer engagement and increase share of wallet among premium shoppers.
Backed by The House of Rare, Rare Rabbit has built its presence in India’s premium fashion market through apparel and lifestyle offerings aimed at urban consumers. The brand’s entry into travel gear further broadens its lifestyle positioning as it explores newer consumer categories beyond fashion.
In 2025, The House of Rare also launched RareFore, a cultural platform centred on music, art, food, storytelling, and Indian craftsmanship to support creative communities and cultural experiences across India.
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{Funding Alert} New-Age Digital Fashion Platform Meta Fashion Raises Fresh Capital

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Meta Fashion has raised approximately $400K in a pre-seed funding round led by Lumikai, with participation from angel investors including Big Bets, Akshat Rathee, and Pratham Mittal.
The company said the fresh capital will be used to scale its virtual fashion operations, expand its original intellectual property game GlamGirls, and strengthen its presence across multiple user-generated content platforms.
Founded in 2022 by Arjun Goel, Meta Fashion develops digital fashion products for platforms such as Roblox, Fortnite, and ZEPETO. The company also operates a phygital direct-to-consumer line that converts popular virtual fashion products into physical merchandise.
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{Funding Alert} Wealthtech Firm Scripbox Plans Rs 170 Cr Fundraise for Expansion Strategy

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Scripbox is planning to raise up to Rs 170 crore through a combination of equity and debt as part of its expansion strategy, which includes the acquisition of the mutual fund distribution business of a Delhi-based Independent Financial Advisor (IFA).
The Bengaluru-based wealthtech company’s board has approved a proposal to raise up to Rs 60 crore from a selected group of friends and family investors. The fundraising may take place through equity shares, preference shares, convertible instruments, or other securities.
The filing stated that the proceeds from the equity raise will be utilised to support Scripbox’s growth plans, strengthen its balance sheet, and prepare for a potential initial public offering (IPO) in the future.
Separately, the company has also secured approval to raise debt facilities of up to Rs 110 crore from banks, financial institutions, non-banking financial companies (NBFCs), and other lenders.
The debt financing will primarily be used to fund the acquisition of the mutual fund distribution business of a Delhi-based Independent Financial Advisor. However, the company has not disclosed the name of the IFA involved in the transaction.
As part of the acquisition process, Scripbox has approved a draft business transfer agreement for the purchase and transfer of the IFA’s AMFI Registration Number (ARN), along with related client relationships and associated obligations.
Founded in 2012, Scripbox operates as a digital wealth management platform offering investment products and financial planning services across mutual funds, fixed deposits, ETFs, US stocks, and the National Pension System (NPS).
The company has raised more than $55 million in funding to date and is currently valued at approximately Rs 1,150 crore, or around $137 million. Its investors include Accel, LetsVenture, and DMI, among others.
While the company has not yet filed its FY26 financial results, Scripbox reported profitability in FY25 with a profit of Rs 12.7 crore. Its operating revenue also grew 27 percent year-on-year to Rs 107.2 crore during the fiscal year.
The development comes amid continued investor interest in India’s growing wealthtech sector.
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{Funding Alert} Wearable Startup Sychedelic Raises $3.5 Mn in Seed Funding

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Sychedelic has raised $3.5 million in a seed funding round backed by investors including Cultadvisors LLP, TurboStart, Ideabaaz, and Praveek Ventures, along with participation from multiple angel investors.
The Delhi NCR-based startup said the newly raised capital will be deployed towards scaling manufacturing operations, strengthening research and development capabilities, expanding marketing initiatives, and supporting its planned global Kickstarter launch in 2026.
Founded in 2020 by Ria Rustagi and Bhavya Madan, the company initially operated under the name Neuphony. During its early phase, the startup focused on developing EEG-based neurofeedback headbands aimed at monitoring brain activity and mental wellness indicators.
The company later transitioned to launch Sychedelic, a wearable technology platform focused on headphones designed to help reduce stress, improve focus, and support sleep using biofeedback and neuromodulation technologies.
The product has been developed as a “closed-loop neuromodulation wearable” integrated into headphones for everyday consumer use. The device combines biometric tracking, adaptive artificial intelligence, and neurostimulation technologies, including transcranial direct current stimulation (tDCS), binaural beats, and heart rate variability biofeedback.
The startup said its wearable system uses photoplethysmography (PPG) sensors, a non-invasive optical sensing technology that measures changes in blood flow, to monitor stress levels and cognitive states in real time and adapt stimulation accordingly.
Over the past six months, the product has reportedly been tested by more than 100 early users, whose feedback helped the company refine its hardware systems, adaptive algorithms, and stimulation technologies.
Sychedelic also stated that it has secured approval from India’s Central Drugs Standard Control Organisation (CDSCO) and has filed global patent applications related to its technology platform.
The company claims its technology is among the first wearable systems capable of adapting stimulation in real time through live biometric feedback mechanisms.
Currently, Sychedelic operates across India and the United States, supported by a Delaware-based entity, a science adviser based in New York, and international freelance marketing teams focused on expansion efforts.
The broader Indian smart wearables market is expected to witness continued growth, with the segment projected to reach $10.26 billion by 2031 as startups and established companies increasingly invest in specialised health, wellness, and biometric wearable technologies.
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{Funding Alert} BazaarNow Set to Raise Rs 72.3 Cr in Series A Round

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BazaarNow is set to raise Rs 72.3 crore, approximately $7.8 million, in its Series A funding round led by Peak XV Partners, with participation from existing investors Whiteboard Capital and Antler.
The company’s board has approved the issuance of 8,123 compulsory convertible preference shares (CCPS) at an issue price of Rs 88,851.94 per share to raise the proposed amount.
Peak XV Partners is expected to invest Rs 53.92 crore in the round, while Whiteboard Capital and Antler are set to contribute Rs 7.2 crore and Rs 7 crore, respectively. The remaining investment will reportedly come from Nirman Ventures and a group of angel investors, including Vidit Aatrey.
BazaarNow’s valuation is expected to rise to nearly Rs 270 crore post-money, compared to around Rs 40 crore during its seed funding round.
The company plans to use the fresh capital towards working capital requirements and other general corporate purposes as it expands operations in the highly competitive quick commerce market.
BazaarNow had earlier raised Rs 7.82 crore in its seed funding round in December 2025, led by Antler and Whiteboard Capital.
Founded in January 2026, the Bengaluru-based startup was launched by former Zepto executives Priyanshu Jain, Arjun Harish, and Tarithnay Mandal.
The company operates a sub-10-minute delivery model for groceries, daily essentials, and higher-margin categories through a network of dark stores. BazaarNow is currently operational in select areas of Bengaluru.
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Wealthtech Startup Centricity in Talks to Raise $30 Mn

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Centricity is reportedly in discussions to raise around $30 million in a fresh funding round. The proposed fundraising comes less than two years after the Gurugram-based company raised its previous round. Mitsubishi UFJ Financial Group (MUFG) and Susquehanna International Group (SIG) are among the investors in talks to lead the financing round.
One source familiar with the discussions said the company is likely to be valued at around $250 million in the proposed round.
If the deal is completed at the expected valuation, it would mark a significant jump from Centricity’s previous valuation. In September 2024, the startup had raised $20 million in a seed funding round led by Lightspeed at a valuation of $125 million.
The earlier round also saw participation from Paramark VC, Burman Family Office, Shantanu Agarwal, and angel investors, including Ritesh Agarwal, Vishal Dhupar, and the MS Dhoni Family Office.
Founded in 2022 by Manu Awasthy, Centricity operates in the wealthtech segment through platforms including Invictus and One Digital. The company provides plug-and-play solutions designed to support transitions from employee to entrepreneur (E2E), while also enabling financial advisors to access and distribute financial products and manage portfolios more efficiently.
Fresh capital is expected to be utilised for technology development, expansion of private banking services, and strengthening the company’s advisory and distribution ecosystem.
The company reported strong business growth in FY25, with operating revenue increasing more than threefold to Rs 61.26 crore from Rs 19.02 crore in FY24. However, losses also widened to Rs 31.72 crore during FY25 compared to Rs 9.31 crore in the previous fiscal year.
Indian wealthtech startups collectively raised more than $634 million across 51 deals involving 39 startups during 2024 and 2025.
Several companies in the sector have continued to attract investor interest in the ongoing calendar year. AssetPlus secured $19.3 million, Wint Wealth raised $28 million, Sahi secured $33 million, and Bachatt closed a $12 million funding round. Jiraaf is also reportedly in the process of raising additional capital through an extended Series B round.
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Devdham Shuts Down Nearly Two Years After Seed Funding

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Devdham, formerly known as DevDarshan, has reportedly shut down operations nearly two years after raising its seed funding round in January 2024. The platform’s website is currently inaccessible, while users are also unable to log into its mobile application, indicating a suspension of services.
Co-founder Suyash Taneja exited the company in March 2026. His LinkedIn profile also reflects his departure during the same period. Another co-founder, Sagnika Chowdhary, had reportedly left the startup earlier in April 2025.
Devdham had also explored acquisition discussions with several larger companies operating in the devotional and spiritual-tech segment over the past year.
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DS Group Strengthens Catch Brand with New Seasoning Launches

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Catch Salt and Spices, part of the DS Group, has expanded its Catch Sprinkler portfolio with the launch of new-age seasonings and regional flavour variants aimed at consumers seeking convenient and versatile cooking solutions.
The expanded range includes contemporary seasoning options such as pizza pasta seasoning, chilli flakes, oregano, magic masala, and mixed herbs, alongside regional flavours including Jeeravan (Poha Masala) and Podi Masala. With the launch, the company is extending the sprinkler format beyond traditional salt and pepper offerings into a broader seasoning category.
The products are now available across general trade, modern retail, ecommerce, and quick commerce platforms across India.
The sprinkler range is packaged in HIPS containers designed to keep the seasonings moisture-free while ensuring smooth dispensing. The bottles are also designed for easy storage and tabletop usage.
Sandeep Ghosh, Business Head, Catch Salt & Spices, DS Group said,“At DS Group, we continuously track the evolving consumer behaviour to deliver products that combine convenience, quality and flavour innovation across major cities extending upto tier 3 markets. The expansion of the Catch Sprinkler range is a step towards building a more contemporary and versatile seasoning portfolio that blends national trends with strong regional relevance. As demand grows, DS Group is focused on scaling accessible formats that enhance everyday cooking experiences, strengthening Catch Salt & Spices’ market leadership across India and reinforcing DS Group’s focus on premium, value-added offerings.”
Introduced in 1987 with its table-top salt sprinkler, Catch has expanded its portfolio over the years to include spices, blends, pastes, and whole spices across nine categories. The brand currently offers more than 140 variants and 330 SKUs and is available across over 7 lakh retail touchpoints through a network of more than 1,500 distributors nationwide.
Catch Salt and Spices has also strengthened its presence across modern trade, ecommerce, and quick commerce channels as consumer buying patterns continue shifting towards digital and convenience-driven platforms.
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INALSA Expands Kitchen Appliances Portfolio with Nutri Fry DuoSlim

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Kühl Targets Home Cooling Market with New Energy-Efficient Air Coolers

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Kühl, manufactured and marketed by KENT RO Systems Ltd., has entered the air cooler segment with the launch of its Brizo Next-Gen Air Coolers under the energy-efficient BLDC technology category.
The expansion marks Kühl’s move beyond energy-efficient fans as the company strengthens its presence in the home cooling appliances market.
The Brizo air cooler range has been designed for different room sizes and includes compact personal coolers as well as larger desert cooler models. The products feature honeycomb cooling pads aimed at improving cooling performance and water retention while supporting controlled water usage.
The coolers are also equipped with motor systems designed to support steady airflow and water circulation while maintaining energy efficiency.
The range has been developed to provide strong air throw and wider cooling coverage for both residential and light commercial use. The products also include features such as low-noise operation and mobility for everyday convenience.
The Brizo lineup includes models such as Brizo DC-60-16, DC-105-16, DC-100-16, RC-48-12, and CI-145-20.
Kühl has built its presence in the market through BLDC fan technology focused on reducing electricity consumption while maintaining performance. With the latest launch, the company is expanding its portfolio to cater to the growing demand for energy-efficient cooling solutions across Indian households and small businesses.
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Dogsee Chew Plans IPO as Pet Wellness Business Expands Globally

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Bengaluru-based Dogsee Chew is expanding its premium pet wellness business with plans to cross Rs 1,000 crore in revenue by 2028, while also preparing for an Indian IPO and a possible US listing in the future.
Founded in 2015 by Bhupendra Khanal and Sneh Sharma, the company began with Churpi, a natural yak cheese dog chew made entirely from milk. Since then, Dogsee Chew has expanded into pet treats, dental products, and wellness supplements.
The company currently operates in more than 30 countries and claims to hold nearly 80 percent market share in the yak cheese chew category across Japan and Europe. The United States remains its largest market.
Dogsee Chew generates close to half a million dollars in monthly revenue through Amazon in the US and has also expanded its presence on platforms including Chewy.com and Walmart.
Over the past year, the company has widened its product portfolio with launches across food toppers, supplements, digestion-focused products, calmness supplements, and hip-and-joint wellness categories. It also recently introduced “Denties,” a sub-brand focused on affordable dental treats for pets.
To support expansion, the company has received two acres of land from the Karnataka government under the KIADB scheme to build a processing facility near Bengaluru. It has also received tentative approval for 20 acres in Andhra Pradesh’s Chittoor district.
The upcoming unit could become the world’s largest cheese factory for dogs and among India’s largest dairy-processing facilities.
Currently, around 60 percent of the company’s revenue comes from online channels, while offline sales contribute 40 percent.
Despite its expansion, Dogsee Chew continues to operate with a focused portfolio of around 20–30 SKUs, prioritising product quality, sourcing standards, and certifications.
The company also plans to enter the cat treats and supplements category later this year as it continues expanding its premium pet wellness portfolio.
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{Funding Alert} Nothing But Raises Seed Funding to Expand Healthy Snacks Business

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Healthy snacking startup Nothing But has raised seed funding to scale its manufacturing, distribution, and product development operations in India’s growing D2C food and beverage market.
The startup was founded by five international student entrepreneurs from India, Mexico, Bolivia, and Ecuador, and focuses on fruit-based healthy snacks.
The funding round was led by Atul Rajani and Deeksha Rajani, along with Sifat Khurana and Dhruv Bhasin. Investors in the round also included Gaurav Khatri and Saurav Adlakha.
The company plans to use the capital to strengthen its supply chain, increase distribution across quick commerce and ecommerce platforms, and introduce new products.
Nothing But operates in the healthy snacking category, which continues to see rising demand from consumers seeking products with natural ingredients and clean-label positioning.
The startup is also looking to expand its presence across digital and modern retail channels as competition in India’s health-focused food segment increases.
The participation of founders from brands such as Noise, DailyObjects, Innovist, and Arata highlights growing investor interest in early-stage consumer brands within India’s D2C ecosystem.
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{Funding Alert} Country Delight Raises Fresh Capital Through Non-Convertible Debentures

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Gurugram-based dairy and daily essentials brand Country Delight has raised Rs 65 crore through the issuance of non-convertible debentures (NCDs) from Alteria Capital. The company’s board approved the issuance of 6,500 NCDs with a face value of Rs 1 lakh each to raise the amount.
The funds raised through the debt issue will be utilised for the company’s general corporate purposes.
Earlier in March 2025, Country Delight had secured Rs 212.5 crore, approximately $25 million, in its Series E funding round led by Temasek. Founded by Chakradhar Gade and Nitin Kaushal, Country Delight offers dairy products, bakery items, poultry, and farm produce. The company sources products directly from dairy farms and currently serves around 1.5 million customers across more than 25 cities, including Delhi, Bengaluru, and Chandigarh.
The company has reportedly raised around $220 million so far through a mix of debt and equity funding. Following the latest allotment, Temasek continues to remain the company’s largest external shareholder with a 13.63 percent stake.
Country Delight has also expanded into quick commerce by launching a pilot for its 10-15 minute delivery service in Gurugram. Through this initiative, the company will compete with players such as Zepto, Blinkit, Swiggy Instamart, Flipkart Minutes, and Amazon Now, previously known as Amazon Tez.
The company has not officially disclosed its FY24 financial results yet. However, according to a report by The Arc, Country Delight’s revenue rose 50 percent to Rs 1,380 crore in FY24 from Rs 917 crore in FY23, while the company recorded a loss of Rs 260 crore during FY23.
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Clovia Introduces Seamless Shapewear Designed for Comfort and Support

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Clovia has introduced a new shapewear collection focused on comfort, support, and seamless styling for everyday wear.
The collection features breathable fabrics, seamless construction, and body-sculpting designs aimed at providing shaping support under fitted outfits while maintaining ease of movement and all-day comfort.
Among the new launches is the Clovia Seamless Sculpting Brief Bodysuit, priced at Rs 999. Made from an 84 percent nylon and 16 percent spandex blend, the bodysuit includes 360-degree sculpting technology, waist compression, gentle bust support, and a butt-lifting effect. The product also features a scoop neckline, adjustable satin-finish shoulder straps, seamless construction, flatlock detailing, and a snap-button closure for convenience.
Clovia has also launched the Clovia Seamless Sculpting Mid-Thigh Bodysuit at Rs 999. Designed with extended thigh coverage, the bodysuit offers targeted compression, seamless shaping, and support from bust to thigh. The product includes adjustable shoulder straps, flatlock detailing, an open crotch design, and shape-retention technology aimed at maintaining structure after repeated use.
According to the company, the collection has been designed to provide consumers with shaping solutions that combine functionality, comfort, and versatility for everyday dressing.
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MOVA Expands Smart Home Portfolio with E-Series Robot Vacuums in India

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MOVA has launched its new E-Series robot vacuum cleaner range in India, expanding its smart home cleaning portfolio with products across entry-level, mainstream, and premium segments.
The new lineup includes the MOVA E10, MOVA E20s Pro, and MOVA E40, designed to address home cleaning requirements such as dust management, mixed flooring, compact spaces, and automated cleaning.
The E10 is priced at Rs 14,999, while the E20s Pro and E40 are priced at Rs 24,999 and Rs 49,999, respectively.
The entry-level E10 comes with 4,500Pa suction power, vacuum-and-mop functionality, app control, and inertial navigation technology. It is targeted at first-time robot vacuum users and compact homes.
The E20s Pro is positioned for urban households and features 13,000Pa suction power, Smart Pathfinder technology, laser obstacle avoidance, anti-hair tangle support, and auto-empty functionality aimed at reducing manual maintenance.
For larger homes and premium users, the E40 offers 19,000Pa suction power, intelligent navigation, voice and app controls, mopping support, obstacle handling, and up to 260 minutes of vacuuming.
Jacey Zheng, General Manager, MOVA APAC said, “India is entering a new phase of smart home adoption, where consumers are looking for products that are not only advanced, but also practical, reliable, and relevant to their daily routines. With the E-Series, we are offering a complete robot vacuum lineup that addresses different household needs, from first-time users to consumers seeking stronger automation and convenience."
Anuj Bhatia, Founder, eTrade shared, “The smart home appliances segment in India is evolving rapidly, especially among urban and upper-middle-class consumers looking to integrate convenience-driven technology into everyday living. The MOVA E-Series addresses this shift well by offering a clear range of smart cleaning solutions across price segments, while balancing automation, performance, and accessibility.”
The launch is part of its strategy to strengthen the adoption of automation-led home cleaning products in India through a wider product portfolio across different price points.
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Nestasia Records Strong Growth in Non-Toxic and Premium Cookware Categories

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Nestasia has reported a 9x growth in its cookware business over the last two years, driven by increasing consumer demand for premium, non-toxic, and health-focused kitchen products in India.
The company said categories including tri-ply cookware, cast iron cookware, honeycomb cookware, and borosilicate glass cookware are witnessing strong traction as urban consumers increasingly move away from conventional aluminium and coated non-stick cookware.
“Health is the single most important motivator for consumers in this category. The non-toxic nature of cookware, along with naturally non-stick options like cast iron and stainless steel, is seeing significant traction," shared Aditi Murarka Agarwal, Co-founder, Nestasia.
Cookware audiences across its social media ecosystem are showing a 59 percent affinity towards “non-toxic” and “chemical-free” positioning, reflecting the growing preference for wellness-led products.
Nestasia said tri-ply cookware is among its fastest-growing categories due to its durability and heat conductivity, while honeycomb cookware is gaining popularity for reducing food sticking with minimal coated surfaces. Borosilicate glass cookware is also seeing rising demand for its cook-and-serve functionality and premium design appeal.
The company added that cookware buying behaviour is increasingly being influenced by lifestyle trends such as aesthetic dining, one-pot meals, cook-and-serve formats, and home hosting experiences.
“Consumers today are increasingly willing to pay more for healthier cookware options, with health emerging as the primary driver for switching or upgrading. When functionality is paired with thoughtful design, consumers are willing to pay a premium for that added value,” Agarwal added.
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Bla Bli Blu Targets Rs 300 Cr ARR with India and Global Expansion

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Bla Bli Blu is expanding its offline retail presence and international operations as demand for premium fragrances grows in India’s beauty and personal care market.
Founded by Rajat Khullar, the Gen Z-focused D2C brand offers fragrances in the Rs 600–Rs 800 price range, positioned between mass and luxury categories.
“We saw a clear gap in the Indian fragrance market. Most brands operate around Rs 500, while premium players are above Rs 1,000. We wanted to build a premium yet accessible fragrance brand in the Rs 600–Rs 800 range that focuses on quality, packaging, and gifting experience,” shared Rajat Khullar, Founder, Bla Bli Blu.
The company currently sells fragrances, trial packs, gift kits, body washes, and perfume collections, while also exploring categories such as lotions, roll-ons, scented candles, and car fragrances.
Bla Bli Blu generates nearly 70 percent of its sales through marketplaces and 30 percent through its own website. Offline sales currently contribute around 2–3 percent of revenue.
The brand is already available at Health & Glow and WHSmith, with a launch on Nykaa expected soon. It is also in discussions with Reliance Retail and DMart for further retail expansion.
The company currently operates 22 kiosks across Delhi, Gurgaon, Chandigarh, and Bhopal, and plans to scale this to 42 stores. It also plans to open 7–8 company-owned kiosks by October–November before entering Mumbai and Bengaluru.
According to the company, its perfumes contain nearly 25 percent oil concentration, offering 10–12 hours of lasting power on skin and over 15 hours on clothes.
“Our communication is bold, loud, and disruptive by design. Our team has an average age of around 23, which helps us deeply understand the Gen Z audience we are building for,” added Khullar.
The company has also launched in the US and plans to expand into the UK, UAE, Germany, Italy, and other European markets. Bla Bli Blu is targeting an ARR of nearly Rs 150 crore by July 2026 and Rs 300 crore by July 2027.
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{Funding Alert} D2C Brand Moi Soi Raises Funds Amid Growing Demand for Asian Foods

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Moi Soi has raised its first institutional funding round from GVFL and Wipro Consumer Ventures as the premium Asian food brand looks to expand across quick commerce and retail channels in India. GVFL and Wipro Consumer Ventures have together acquired nearly 17 percent stake in the company, while founder Deb Mukherjee continues to retain majority ownership.
Founded in October 2021 under Ceres Foods, Moi Soi offers products including sauces, chilli oils, noodles, ready-to-eat curries, and Asian beverages inspired by Korean, Japanese, Thai, and Vietnamese cuisines.
The company plans to utilise the fresh capital to strengthen its omnichannel distribution strategy, expand its presence on quick commerce platforms, and deepen its reach across modern retail channels.
Moi Soi currently services over 2,000 pin codes across more than 250 cities in India. The bootstrapped startup is generating more than Rs 6 crore in monthly net sales.
The funding reflects growing investor interest in premium packaged food brands catering to rising demand for convenient and globally inspired food products among urban consumers in India.
Ahmedabad-based GVFL has backed multiple early-stage and growth-stage startups, while Wipro Consumer Ventures has invested in consumer-focused brands across food, wellness, beauty, and personal care categories.
The latest investment comes amid continued growth in India’s D2C food and beverage segment, driven by premiumisation, digital commerce adoption, and the expansion of quick commerce platforms.
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{Funding Alert} Lavella Raises Fresh Capital to Expand Sustainable Home Care Business

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Sustainable detergent startup Lavella has raised seed funding in a round led by Sifat Khurana, Founder and Chief Business Officer of Innovist. The round also saw participation from investors including Atul Rajani, Deeksha Rajani, and Sidhant Keshwani.
The startup plans to use the fresh capital for research and development, certifications, lab testing, logistics, product innovation, and market expansion as it strengthens its presence in India’s sustainable home care and direct-to-consumer market.
Founded by six international students pursuing undergraduate studies at Tetr College of Business, Lavella is focused on detergent sheets designed for urban consumers seeking lightweight, convenient, and environmentally conscious household products.
The company’s core product combines detergent, softener, and fragrance into a single dissolvable sheet format for machine wash cycles, offering an alternative to traditional liquid and powder detergents. Lavella said it plans to strengthen its e-commerce presence through platforms such as Amazon India while also exploring B2B partnerships, subscription-based models, and offline retail channels as part of its expansion strategy.
The funding reflects increasing investor interest in sustainable and convenience-led consumer brands within India’s evolving D2C ecosystem. Investors are increasingly backing startups focused on product simplification, environmentally conscious formats, and digitally driven consumer engagement strategies.
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{Funding Alert} Rapido Secures Fresh Funding to Expand Ride-Hailing Business in India

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Rapido has raised $240 million in a fresh primary funding round led by Prosus, with participation from WestBridge Capital, Accel, and other investors. The investment forms part of a larger $730 million primary and secondary transaction that values the Bengaluru-based ride-hailing platform at $3 billion on a post-money basis.
Founded in 2015, Rapido currently operates across more than 400 cities and provides bike taxi, auto, and cab services. The company said the newly raised capital will be used to expand demand across both existing and new markets, strengthen technology infrastructure, grow its captain network, and hire talent.
The company also plans to increase its presence across tier II and smaller cities, where affordable mobility demand has been rising rapidly. Rapido said it aims to improve first and last-mile connectivity while building new demand corridors in high-growth markets.
The latest fundraise comes at a time when India’s mobility sector is witnessing heightened competition and expansion beyond metro cities. Rapido has increasingly emerged as a key competitor in the ride-hailing market alongside Uber and Ola.
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Jacquemus Launches The Valérie Handbag in India at Galeries Lafayette Mumbai

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French luxury fashion label Jacquemus has introduced its limited-edition “The Valérie” handbag in India through an exclusive launch at Galeries Lafayette Mumbai. The launch marks the first time the handbag will be available outside Jacquemus flagship maisons globally.
Only 50 pieces of the handbag have been released in India across 12 colour variants inspired by Provençal tones. The Mumbai store will remain the sole retail destination in the country to host the collection.
The handbag is part of Jacquemus’ “Le Paysage” collection and reflects the geometric design language associated with the brand. Named after founder Simon Porte Jacquemus’ late mother, Valérie, the design combines sculptural elements with personal storytelling.
The India launch is being presented through a trunk show format, designed to create a more immersive and appointment-led retail experience rather than a traditional in-store display. According to the company, the format is intended to position the launch as a curated luxury experience focused on exclusivity and storytelling.
Galeries Lafayette Mumbai, developed in partnership with Aditya Birla Fashion and Retail Limited, houses a curated portfolio of international luxury brands across fashion and beauty categories. The retailer has been expanding its positioning as a destination for global luxury labels in India’s premium retail market.
The launch of “The Valérie” reflects the growing importance of India in the global luxury retail landscape, with international brands increasingly introducing exclusive drops, limited-edition collections, and appointment-led experiences targeted at high-value consumers.
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{Funding Alert} Legend of Toys Bags Rs 21 Cr Funding to Scale Premium Toy Business

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Premium Indian toy brand Legend of Toys has raised Rs 21 crore in its Pre-Series A funding round with participation from Singularity Early Opportunities Fund, Veltis Capital, Enzia Ventures, DeVC, Atrium Angels, and Stride.
The company said the funds will be used to expand into new play categories, strengthen manufacturing and sourcing capabilities, and increase investments in consumer marketing and digital expansion across India and international markets.
Founded by Afshaan Siddiqui and Vinay Jaisingh, the brand offers RC Drift Cars, Off-Road RC Trucks, and High-Speed RC Cars priced between Rs 1,599 and Rs 8,799. The company said it has achieved Rs 30 crore ARR within 18 months and is currently growing at 20 percent month-on-month.
Vinay Jaisingh, Co-Founder, Legend of Toys said, “We started Legend of Toys with a simple but stubborn belief — that India can build a toy brand the world actually wants to play with. The early response from consumers has been genuinely encouraging, and it tells us the category was ready for something new. Now we get to do the fun part: expand into new categories, strengthen manufacturing, and build the kind of company that can go the distance.”
Afshaan Siddiqui, Co-Founder, Legend of Toys added, “For us, a toy is never just a product. It is a character, a story, and an experience. We are building Legend of Toys as a world built on adventure, thrill, and excitement — one that kids, enthusiasts, and collectors keep coming back to. Our focus remains on great products, real storytelling, strong community, and long-term trust as we expand the brand in India and beyond.”
Gokul Gopal, Managing Partner, Veltis Capital stated, “It’s been a privilege to watch the partnership between Legend of Toys and Veltis Capital over the last year. Afshaan and Vinay embody true founder-market fit — deeply passionate about toys and cars, obsessive about quality and building with real depth across product, manufacturing, and brand. We are incredibly excited about what lies ahead and believe Legend of Toys has the potential to become a large global toy brand built from India, creating world-class products for children and collectors.”
Karuna Jain, Managing Partner and Founder, Enzia Ventures commented, “India is on the cusp of becoming a global manufacturing powerhouse, and Legend of Toys is going after one of its most overlooked opportunities: building a homegrown toy brand for the Indian kidult. Vinay and Afshaan aren’t just making toys; they’re building trust through a repair-not-replace model that is almost unheard of in this category. That kind of conviction, paired with real operating chops, is rare. We backed them because we believe this is how a category-defining, globally relevant brand gets built out of India.”
The company said the funding will also support expansion into DIY and adjacent play categories while continuing to strengthen its collector-focused community. It also plans to continue investing in after-sales services through its free Lifetime Service offering aimed at improving durability and long-term customer engagement.
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{Funding Alert} Kathy’s Beverages Raises Fresh Capital to Scale Bubble Tea Chain Bobakat

BY - Indian Retailer Bureau
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Kathy’s Beverages has raised Rs 6 crore in a pre-Series A funding round to scale its bubble tea and specialty beverage brand Bobakat.
The company said the fresh capital will be used for product innovation, team expansion, marketing activities, and offline retail growth across India.
Founded in 2024 by Dr. Rupali Ambegaonkar and Sannjeev Rao, Bobakat operates compact-format beverage outlets across food courts and high-street retail locations, targeting urban consumers through bubble tea and specialty beverage offerings. The startup has already served more than 10 lakh customers since launch and is targeting Rs 100 crore in net sales value over the next 36 months.
The brand’s expansion strategy focuses on scalable retail formats, curated in-store experiences, and audience-led branding as it looks to strengthen its presence in India’s growing beverage and café market.
Dr. Rupali Ambegaonkar previously founded Tea Culture of the World, which expanded to more than 200 stores across India. Co-founder Sannjeev Rao brings experience from companies including Future Group, Aditya Birla Retail, Landmark Group, Raymond, and Being Human.
The company plans to launch 35 new stores during FY27, followed by an additional 50 stores annually over the next two financial years across metro cities and emerging urban markets.
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{Funding Alert} Dil Foods Secures Rs 72 Cr Funding Led by Bikaji Foods Family Office

BY - Indian Retailer Bureau
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Dil Foods has raised $7.5 million, approximately Rs 72 crore, in a funding round led by the family office of Bikaji Foods, with participation from Alteria Capital and existing investors V3 Ventures and MJV Ventures. The fresh capital will be used to expand its presence across new cities, particularly tier-II and tier-III markets, strengthen supply chain operations, and diversify its cuisine portfolio.
Founded in 2022 by Arpita Aditi, the Bengaluru-based startup operates a restaurant enablement platform that partners with local food businesses to run delivery-first brands through food delivery aggregators.
Dil Foods currently manages 10 regional food brands across six cities and serves more than 340 pincodes. The platform enables restaurant partners to launch and scale food brands through standardised operations, technology-led insights, and menu strategies designed around changing consumer preferences.
It currently works with more than 300 restaurant partners across its operational markets.
Dil Foods now plans to expand to 600 locations by FY28 while targeting an annualised revenue run rate of Rs 500 crore.
Arjun Vaidya said the firm initially invested in Dil Foods when the company operated around 30 locations. He added that the startup has since scaled nearly 30 times while maintaining capital efficiency and building a differentiated business model within the cloud kitchen and quick service restaurant ecosystem."
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Culture Circle Launches Same-Day Delivery Service CCNow in Delhi NCR

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Culture Circle has launched CCNow, a same-day delivery service for premium sneakers, luxury fashion, streetwear, watches, bags, perfumes, accessories, and collectibles across more than 165 pin codes in Delhi NCR.
The service will expand to Hyderabad and Pune in May 2026 as part of its broader expansion plans in India’s premium and luxury retail segment.
CCNow will cover the company’s entire product catalogue, including brands such as Nike, Jordan, Louis Vuitton, Gucci, Prada, Dior, Rolex, and Hermès. Eligible orders placed through the platform will be delivered on the same day through a logistics network supported by its warehouse infrastructure in Delhi and its flagship mall store. Last-mile fulfilment for the service is being handled by Zippee.
The launch comes amid growing demand for faster delivery timelines across India’s consumer commerce market, where categories such as groceries, electronics, and food delivery have seen rapid adoption of quick-commerce models.
Ackshay Jain, Founder, Culture Circle shared, "Indian consumers don't want some things faster. They want everything faster. That shift is permanent, and premium has been the last category to catch up. Over the last few months, we've put the operational backbone in place: our own fulfilment infrastructure, CheckCheck verified authentication, and the right last-mile partner, so that speed and trust travel together. CCNow is the start of a much larger thesis: that luxury in India should be as immediate as it is aspirational."
The same-day delivery service is not limited to select products and will extend across its full catalogue, including sneakers, streetwear, watches, bags, fragrances, lifestyle accessories, and collectibles.
The platform benchmarks product pricing against global markets in real time and currently offers a catalogue of more than 60,000 SKUs across categories.
The company added that all products are authenticated through CheckCheck before shipping.
Looking ahead, Culture Circle plans to expand CCNow to additional metropolitan markets through the rest of 2026 as it aims to make same-day delivery a standard offering within India’s premium and luxury retail categories.
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{Funding Alert} The Sweet Change Raises Rs 70 Lakh Funding Led by IAN Angel Fund

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IAN Angel Fund, the evergreen fund of the IAN Group, has led a Rs 70 lakh early-stage funding round in The Sweet Change, with participation from Udaan Angel Partners.
The startup said it plans to use the fresh capital to strengthen product development, expand its presence across e-commerce and quick-commerce platforms, increase brand awareness, and build its team as it scales operations across India.
Founded in 2024 by Manvi Agnihotri and Sheen Hitashi, the company focuses on natural sweetener products designed as alternatives to sugar and artificial sweeteners. The idea for the business emerged from Agnihotri’s experience as a clinical nutritionist, where she worked with more than 11,000 patients dealing with diabetes, PCOS, insulin resistance, obesity, and other lifestyle-related health conditions over the past 12 years.
The company said one of the recurring challenges among consumers was reducing sugar intake without compromising on taste, which led to the development of cleaner and better-tasting sweetener alternatives.
IAN Angel Fund stated that the investment was driven by growing consumer awareness around healthier food choices and metabolic health in India. The fund also cited the company’s clean-label positioning, differentiated product approach, and early customer adoption as key factors behind the investment.
Today, The Sweet Change offers products made using natural ingredients without artificial sweeteners. The company positions its portfolio as zero-calorie, zero-sugar, and zero-glycemic alternatives targeted at health-conscious consumers and people managing medical or lifestyle-related conditions.
Manvi Agnihotri, Co-founder & CEO, The Sweet Change said, “India deserves a sweetener it can trust. For 12 years, I watched people fail to quit sugar, not because they lacked discipline, but because the market failed them. This investment let us fix that - and put a clean, honest sweetener in every Indian kitchen that struggled to avoid sugar.”
The company said it has crossed Rs 1.5 crore in revenue within a year of launch and fulfilled more than 12,000 orders across India through its direct-to-consumer website.
It has built its business using a capital-efficient D2C model and now plans to scale further through online marketplaces and quick-commerce expansion.
Co-founder Sheen Hitashi said the company remains focused on making healthier food choices simpler and more accessible for consumers.
The startup also noted that many sugar substitute products currently available in the market contain artificial ingredients or leave a bitter aftertaste, creating an opportunity for cleaner and more transparent alternatives.
Going forward, the company plans to expand its omnichannel presence across D2C platforms, marketplaces, and quick-commerce channels, while also exploring partnerships within cafés, hospitality, and institutional segments.
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Fixderma Strengthens Suncare Portfolio with SPF 50+ Shadow Range

BY - Indian Retailer Bureau
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Fixderma has expanded its Shadow sunscreen portfolio with the launch of two new SPF 50+ products, Shadow Light Fluid Sunscreen SPF 50+ and Shadow Mineral Sunscreen SPF 50+, as the brand strengthens its presence in the dermatologist-led skincare segment. The new sunscreen range has been developed using next-generation UV filters and is designed to address growing consumer demand for lightweight, broad-spectrum sun protection suitable for Indian skin and climate conditions.
The launch comes at a time when awareness around daily sun protection and ingredient-focused skincare products is increasing among consumers. Industry trends indicate rising demand for sunscreens offering enhanced photostability, minimal white cast, lightweight textures, and formulations suitable for everyday wear.
Fixderma said the new Shadow Light Fluid Sunscreen SPF 50+ is formulated with advanced UV filters, including Uvinul A Plus, Tinosorb S-Lite, and Uvinul T-150 to provide broad-spectrum UVA and UVB protection without leaving a greasy finish or visible residue.
The company’s second launch, Shadow Mineral Sunscreen SPF 50+, contains Zinc Oxide and Titanium Dioxide and is positioned for sensitive and acne-prone skin types. The formulation also includes Bisabolol, which the company said helps soothe irritation and redness, making it suitable for post-procedure skincare and daily use.
Shaily Mehrotra, CEO and Co-Founder, Fixderma & FCL said, “Sunscreen as a category has evolved significantly over the years. Earlier, consumers largely associated it with occasional or seasonal use, but today it has become a far more informed and everyday skincare decision. At Fixderma, we have always believed in building products that balance dermatological efficacy with consumer experience. While developing this range, the focus was very clear: create formulations that deliver high-performance protection, advanced UV filter technology, while still feeling lightweight, wearable, and relevant for Indian skin and climate conditions.”
Anurag Mehrotra, Chairman, Fixderma shared, “Over the years, we have seen skincare consumers become far more aware and ingredient-conscious, especially in categories like sun protection. For us, the expansion of the Shadow range was not about adding more products to the shelf, but about responding to a genuine shift in consumer behaviour and long-term skin health awareness. The intention was to create solutions that combine efficacy, comfort, advanced formulation science, and practicality in a way that fits naturally into modern routines and everyday lifestyles.”
Fixderma’s Shadow sunscreen portfolio has established a presence among dermatologists and skincare consumers across multiple skin categories, including oily, acne-prone, sensitive, and dry skin types.
The newly launched SPF 50+ range is now available through the company’s official website, e-commerce platforms, and retail stores across India.
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Phool.co Turns Profitable in FY25 with Strong Revenue Growth

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Phool.co, the sustainable home fragrance and biomaterials startup backed by Alia Bhatt, reported a 54 percent increase in revenue to Rs 77 crore in FY25 while turning profitable during the fiscal year. Phool.co’s revenue rose from Rs 50 crore in FY24 to Rs 77 crore in FY25. Revenue from operations stood at Rs 76.5 crore compared to Rs 48.7 crore in the previous financial year, registering a 57 percent increase.
The growth reflects rising demand for sustainable and wellness-focused consumer products within India’s direct-to-consumer market, where eco-friendly and purpose-led brands are seeing increased traction among urban consumers.
Founded in 2017 by Ankit Agarwal under Kanpur Flowercycling Private Limited, the company is known for its “flowercycling” technology that converts floral waste collected from temples into charcoal-free incense and lifestyle products.
Its product portfolio currently includes incense sticks, incense cones, bambooless incense sticks, hawan cups, mosquito repellents, and car fresheners. These categories have witnessed growing demand within India’s premium home fragrance and wellness segments.
Phool.co also reported a profit of Rs 2.5 crore in FY25, compared to a loss of Rs 5 crore in FY24, reflecting an improvement in operating performance and financial efficiency.
The company’s total expenditure increased 36 percent to Rs 75 crore during FY25 from Rs 55 crore in FY24 as it continued investing in growth initiatives, product innovation, and brand-building activities.
Advertising and marketing expenses rose 54 percent to Rs 16.2 crore, highlighting the company’s increased focus on digital-first customer acquisition and brand visibility in India’s competitive D2C landscape.
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Prismara by KGK Strengthens D2C Expansion with New Delhi Store

BY - Indian Retailer Bureau
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Prismara by KGK has launched its first physical retail store in New Delhi, marking the brand’s entry into offline retail as part of its broader omnichannel expansion strategy in India.
Located at Lajpat Nagar Central Market, the new store represents a key milestone for the premium direct-to-consumer jewellery brand, which has so far operated primarily through digital channels. Prismara was also part of the D2C Insider Elevate Cohort.
Backed by the 120-year legacy of the KGK Group, Prismara focuses on jewellery crafted using lab-grown diamonds along with naturally sourced gemstones such as rubies, sapphires, and emeralds sourced through KGK’s international mining and supply network spanning over 20 countries.
The company said the launch aligns with its strategy to strengthen direct consumer engagement through both online and offline retail formats. Industry trends across India’s premium D2C market have seen digitally native brands increasingly adopt hybrid retail models to improve customer experience and brand visibility.
Prismara’s new retail outlet has been designed as a lifestyle jewellery destination, allowing customers to explore collections across rings, pendants, earrings, bracelets, and charms in an experience-led format.
The brand is led by Saransh Kothari and is positioning itself within the premium jewellery segment by combining heritage craftsmanship, sustainability, and contemporary design aesthetics.
Its collections, including Ombre, Kaleido, Flora & Fauna, Forever Love, and Timeless Classic, are aimed at younger consumers seeking jewellery that combines ethical sourcing, personal expression, and versatile styling.
The company said its expansion plans include upcoming retail growth in Gurugram and Jaipur as it strengthens its offline footprint through an experience-focused retail strategy.
The launch also reflects broader developments within India’s luxury jewellery and D2C ecosystem, where categories such as lab-grown diamonds, sustainable luxury, and premium lifestyle jewellery are witnessing increased urban demand driven by premiumisation and growing digital discovery.
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Tasty Nibbles Eyes Pan-India Presence Through Health-Focused Tuna Range

BY - Indian Retailer Bureau
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Tasty Nibbles, the consumer brand of HIC-ABF Special Foods, has outlined plans to accelerate its pan-India expansion strategy with a focus on the health-focused convenience food segment, particularly canned tuna. As part of the expansion drive, the company has appointed Milind Soman as its brand ambassador.
The announcement was made during the company’s brand ambassador event held in New Delhi. The event was attended by Sunil P Krishnan, vice-president (sales), Manoj TP, senior manager - key accounts, along with distributors, industry stakeholders, and representatives from e-commerce and quick-commerce platforms.
The company said the latest move marks a significant milestone in its growth journey as it aims to strengthen its nationwide presence and expand awareness around tuna consumption in India.
“At Tasty Nibbles, we have always believed that the future of food lies at the intersection of health, convenience, and trust. With Milind Soman coming on board, we are taking a significant step towards making tuna a part of everyday Indian diets. India is still at a very early stage in tuna consumption, and this presents a massive opportunity for us to introduce a clean, high-quality protein option to millions of households,” said Cherian Kurian, Managing Director, Tasty Nibbles.
The company highlighted that while tuna is widely consumed globally, per capita consumption in India remains low, creating a large opportunity for category expansion.
“Despite being a globally popular protein source, the per capita consumption of tuna in India remains significantly low. With a population of over 1.4 billion, the category presents a substantial opportunity for growth if effectively introduced and adopted”, said Cherian.
“I have always believed that good health starts with what we eat every day. Tuna is one of the simplest and most effective sources of lean protein, and what I like about Tasty Nibbles is how they make it accessible, convenient, and easy to include in daily meals. I’m excited to be part of a journey that encourages people to make smarter, healthier food choices,” said Milind Soman.
The campaign is aimed at positioning tuna as an accessible and convenient protein option for modern consumers. The brand also showcased its canned tuna range, highlighting it as a cleaned, cooked, and ready-to-eat product with soft, thornless white meat suitable for salads, sandwiches, rolls, and other meal formats.
With the latest campaign and expansion strategy, Tasty Nibbles said it aims to make tuna a more mainstream food choice in India while strengthening its footprint across markets nationwide.
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Phool.co Reports Rs 77 Cr Revenue in FY25, Turns Profitable

BY - Indian Retailer Bureau
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Phool.co reported strong financial growth in FY25, with its revenue rising to Rs 77 crore while also recording profitability after posting losses in the previous fiscal year.
The Kanpur-based startup, backed by Alia Bhatt, registered a 54 percent year-on-year increase in operating revenue compared to Rs 50 crore reported in FY24.
The company generated the majority of its income through product sales, which contributed Rs 76.5 crore during the fiscal year. A smaller portion of revenue came from non-operating income sources.
Founded in 2017 by Ankit Agarwal, Phool.co operates in the sustainable consumer products segment and has built its business around its “flowercycling” technology. The process converts temple floral waste into lifestyle and home fragrance products.
Its product portfolio includes incense sticks, incense cones, bambooless incense variants, havan products, mosquito repellents, and car fragrance products targeted at the home and wellness market.
The company’s total expenditure rose to Rs 75 crore in FY25 from Rs 55 crore in the previous year as it expanded operations and increased investments in branding and market visibility.
The growth comes at a time when consumer demand for sustainable and environmentally focused products is increasing across India’s home care and lifestyle categories. Phool.co has positioned itself within this segment by combining waste management with consumer product manufacturing.
The company continues to expand its product offerings and distribution presence as competition in the eco-conscious consumer goods market intensifies.
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Bombay Banta Raises Rs 8 Cr in Pre-Series A Funding Round

BY - Indian Retailer Bureau
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Bombay Banta has raised Rs 8 crore in a Pre-Series A funding round led by DSG Consumer Partners as the beverage startup looks to accelerate expansion across India’s quick commerce, hospitality, and retail sectors.
The latest funding round also saw participation from hospitality entrepreneur Kapil Chopra. The company said the fresh capital will be used to strengthen distribution, expand quick commerce presence, and broaden its product portfolio over the coming months.
Founded in 2021 by husband-wife duo Akkshita Malhotra and Meet Singh Malhotra, Bombay Banta focuses on modernising traditional Indian beverage flavours through premium branding and packaging.
The startup currently offers eight beverage variants across carbonated and non-carbonated categories. Its carbonated portfolio includes Masala Cola, Masala Soda, Kala Khatta, Jeera Soda, and Lemon Soda, while the non-carbonated range features low-sugar lemonades such as Masala Shikanji, Nimbu Shikanji, and Jamun Shikanji.
Bombay Banta gained early visibility after becoming a featured beverage onboard Vistara flights and has since expanded into restaurants, cafés, delivery-first food brands, airlines, and hospitality chains across India. The company said its products are currently available across major quick commerce and e-commerce platforms, including Blinkit, Zepto, Swiggy Instamart, Flipkart Minutes, and BigBasket.
Akkshita Malhotra and Meet Singh Malhotra, Co-founders, Bombay Banta shared, "This fundraiser marks a significant inflection point for Bombay Banta. It reaffirms our conviction to disrupt the Indian beverage market as a brand that uniquely interprets flavour memories that generations have grown up with. Reimagined for today’s modern consumer with better ingredients, a distinctive range, premium branding, and world-class packaging – this capital, with the backing of our investors, will enable us to accelerate our vision across India and on a global stage over time.”
“Bombay Banta is building a highly differentiated Indian beverage brand at the intersection of nostalgia, flavour, and modern consumer relevance. Meet and Akkshita have demonstrated exceptional product instinct and brand-building capability in a highly competitive market, while creating strong resonance with consumers across channels. We are excited to deepen our partnership with them as they continue scaling Bombay Banta into a large and enduring consumer brand,” added Hari Premkumar, Partner, DSG Consumer Partners.
The company said it plans to launch Diet Vanilla Cola later this month, marking its entry into the zero-sugar and zero-calorie carbonated drinks segment.
According to the startup, sales grew nearly 50 percent during the funding discussions, and the founders are now targeting a doubling of revenues over the next six months, supported by summer demand and new product launches. The Pre-Series A round values Bombay Banta at Rs 80 crore.
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{Funding Alert} The EleFant Raises $1 Mn in Pre-Series Funding Round

BY - Indian Retailer Bureau
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The EleFant has raised $1 million in a pre-Series funding round led by Growth Sense Venture Fund, with participation from JIIF, Arian Capital, Asit Oberoi, Vimal Saboo, and other angel investors.
The startup said the fresh capital will be used to strengthen its technology infrastructure and support expansion into additional markets across India.
Founded by Sourabh Jain and Srishti Jain, The EleFant operates a toy subscription and circular play platform catering to children between the ages of 0 and 12 years.
The platform allows families to access toys and books through subscription plans starting at Rs 599 per month. Customers can subscribe to products from more than 90 brands, return toys after use, and select new products through the platform’s rotation-based model.
According to the company, the platform currently offers more than 1,000 toys and books across categories designed for different age groups and learning requirements.
The startup operates on a Franchise-Invested, Company-Operated (FICO) model and currently has a network of over 125 franchise partners across 18 cities in India.
With the latest funding, The EleFant plans to expand its reach further and scale subscriber growth over the next year. The company said it aims to cross 50,000 subscribers and expand operations to more than 20 cities within the next 12 months.
The funding comes at a time when subscription-based and circular consumption models are gaining traction in India’s children’s products and toy market, driven by increasing consumer interest in cost-efficient and sustainable usage models.
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{Funding Alert} Instafix Raises Rs 7.55 Cr in Pre-Seed Funding Round

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Instafix, a doorstep smartphone repair startup, has raised Rs 7.55 crore in a pre-seed funding round co-led by Titan Capital and 8i Ventures.
The funding round also saw participation from Anish Srivastava and Bharat Kalia.
Founded in 2025 by former Blinkit employees Aniket Kale and Chetan, Instafix offers on-demand smartphone repair services with technicians visiting customers’ locations and completing repairs within 30 minutes. The company said all repairs are carried out in front of customers and come with warranties of up to 12 months.
The startup currently operates in Gurugram and focuses on premium smartphones, including iPhones, while offering repair services priced up to 50 percent lower than OEM service centres.
India’s consumer electronics market is valued at nearly $73 billion, while the premium smartphone category is witnessing annual growth of nearly 20 percent. Despite rising adoption of premium devices, the founders believe the repair ecosystem remains fragmented and unreliable for consumers.
The company said the idea for Instafix emerged after co-founder Aniket Kale faced repeated repair issues with his smartphone after using a local repair shop due to high service centre costs.
"Phones haven't fundamentally changed in years, yet 40 percent of Indians replace theirs within two years - usually over a fixable issue. A quality repair can add two years to a phone’s life, save a household up to Rs 50,000, and keep a perfectly good device in use. Since Instafix’s launch in Gurugram in Oct '25, we've grown 100 percent month-on-month with a 4.7-star customer rating." — Aniket Kale, Co-founder, Instafix
The fresh funding will be used to scale the company’s operations in Gurugram, expand services beyond iPhones to premium Android smartphones, and strengthen its technology infrastructure supporting sub-30-minute repairs.
A spokesperson from Titan Capital said, “Smartphones today sit at the center of an individual's life, yet smartphone repairs remain slow, fragmented, and highly unreliable. Instafix’s full-stack, on-site, quick service approach is rebuilding the repair experience from the ground up, starting with the highest trust category - smartphones, and has the potential to unlock one of the largest service opportunities in consumer tech infrastructure.”
Looking ahead, Instafix said it plans to expand beyond smartphones and build a broader on-demand repair platform for consumer electronics products across Indian households.
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{Funding Alert} Wingreens Raises Rs 120 Cr and Acquires Safe Harvest

BY - Indian Retailer
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Wingreens has acquired pesticide-free food brand Safe Harvest through a share swap deal while also closing its Rs 120 crore Series D funding round led by Ashish Kacholia, with participation from Alchemy Fund. Following the latest investment, Wingreens’ total capital raised has reached Rs 556 crore.
The development comes as the company expands its presence in India’s farm-to-consumer food segment through brands including Wingreens Farms, Raw Pressery, and Safe Harvest.
Wingreens’ previous major funding round took place in November 2021, when the company secured Rs 124 crore in an equity investment led by Investcorp.
Safe Harvest has built its operations around sourcing pesticide-free food products while working with more than 100,000 farmers across India. A significant share of these farmers are women associated with Self Help Groups (SHGs) and Farmer Producer Organizations (FPOs). The company focuses on improving rural livelihoods alongside offering clean-label food products to consumers.
Its product portfolio includes cereals, grains, pulses, millets, flours, spices, cold-pressed oils, natural sugars, and honey. The company also follows batch-wise pesticide testing and certification across its range of products.
According to the company, the newly raised capital will be used to expand its product portfolio, strengthen distribution networks, improve supply chain integration, and increase investments in innovation and farmer partnerships.
The acquisition is expected to strengthen Wingreens’ position in the health-focused and sustainable food segment, which has seen growing demand among Indian consumers in recent years. Through the addition of Safe Harvest, the company is also expected to deepen its sourcing network and expand its presence in staple food categories.
Wingreens currently operates multiple brands, including Wingreens Farms, Raw Pressery, Wingreens Harvest, Saucery, and Safe Harvest. Its portfolio spans dips, sauces, spreads, mayonnaise, baked chips, oats, granola bars, muesli, juices, protein shakes, almond milk, iced teas, and lemonades.
The latest acquisition reflects continued consolidation in India’s packaged food sector, where companies are increasingly focusing on health-oriented offerings, traceable sourcing practices, and direct farmer partnerships to strengthen long-term growth.
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Thyrocare Technologies Reports Strong Q4 Growth Driven by Diagnostics Demand

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Thyrocare Technologies, owned by PharmEasy, reported strong growth in the fourth quarter of FY26, driven by higher diagnostic volumes, network expansion, and improved operational efficiency. The diagnostics company posted a consolidated net profit of Rs 48.7 crore in Q4 FY26, registering a 128 percent year-on-year increase compared to Rs 21.3 crore in the corresponding quarter last year.
Revenue from operations during the quarter rose 20 percent year-on-year to Rs 224 crore from Rs 187.2 crore in Q4 FY25. On a sequential basis, revenue increased nearly 5 percent from Rs 213.3 crore, supported by growth in pathology testing volumes and higher contribution from its franchise network.
The company’s EBITDA increased 31 percent year-on-year and 8 percent sequentially to Rs 75.1 crore during the quarter. EBITDA margins also improved to 34 percent compared to 31 percent in the year-ago period, reflecting stronger operating leverage and scale efficiencies across its business operations.
During Q4 FY26, Thyrocare processed 5.9 crore tests, marking a 29 percent increase year-on-year. The company said rising testing volumes reflected growing consumer focus on preventive healthcare, wellness diagnostics, and technology-enabled healthcare services across India.
Thyrocare also expanded its franchise network significantly during the quarter. Active franchisees reached nearly 10,800, up 15 percent from 9,413 in Q4 FY25. The company served approximately 5.1 million patients during the quarter, registering 21 percent growth, while the average number of tests per patient increased to 10.9 from 10.2 a year earlier.
The company also expanded its advanced diagnostics portfolio during the quarter with the launch of allergy testing solutions covering more than 250 SKUs. In addition, Thyrocare entered the genomics segment through non-invasive prenatal testing (NIPT), strengthening its presence in precision diagnostics and personalised healthcare services.
To support expansion, the company increased its laboratory network to 40 labs across India along with one international laboratory in Tanzania. During FY26, new laboratories were added in Bhagalpur, Gwalior, Mandi, Davangere, Roorkee, and Vijayawada.
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Wooden Street Eyes Growth in India’s Organised Furniture Market

BY - Indian Retailer Bureau
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Wooden Street is expanding its omnichannel retail presence across India as the organised furniture market continues to gain momentum amid rising digital adoption and changing consumer preferences. The company is targeting a turnover of Rs 1,000 crore over the next three years as it scales operations across furniture, interiors, and home solutions categories.
Founded in Udaipur, Wooden Street was established with the aim of bringing structure to India’s fragmented furniture market through organised and technology-enabled retail. Over the years, the company has expanded beyond furniture into home interiors, modular kitchens, wardrobes, mattresses, and complete home solutions.
The company currently operates more than 85 experience stores across the country, combining online commerce with offline retail formats through its omnichannel strategy. The model allows consumers to discover products digitally while also interacting with them through physical experience centres before making high-value purchases.
Lokendra Ranawat, CEO and Co-Founder, Wooden Street said, "the brand’s expansion has been driven by a customer-focused approach and capital-efficient scaling. The company’s growth has also been supported by its product portfolio, supply chain capabilities, and pan-India delivery network."
Wooden Street’s expansion reflects broader trends within India’s organised furniture and home solutions market, where consumers are increasingly shifting towards branded, experience-led, and digitally integrated retail formats. The company has built a balanced revenue mix between online and offline channels, with digital platforms supporting product discovery and offline stores driving customer engagement and purchase decisions.
To strengthen brand visibility, Wooden Street has also increased collaborations with creators, influencers, and design-focused partnerships. The company said these initiatives support consumer engagement while helping the brand experiment with new storytelling and product innovation formats.
At present, Wooden Street is focusing on expanding its presence across metro and Tier I markets including Bengaluru, Hyderabad, Delhi, Mumbai, Pune, Chennai, Ahmedabad, Jaipur, and Noida. The company is also strengthening its footprint in South India through new home interior studios and experience centres.
In addition to metro markets, Wooden Street plans to deepen its presence in Tier II and Tier III cities where organised furniture retail continues to gain traction. Over the next 18 to 24 months, the company aims to significantly expand its store network while further strengthening its digital commerce and omnichannel capabilities.
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{Funding Alert} BlissClub Set to Raise Rs 250 Cr in New Funding Round

BY - Indian Retailer Bureau
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BlissClub is preparing to raise between Rs 200 crore and Rs 250 crore in a fresh funding round led by the private equity arm of Singularity. The proposed investment is expected to value the company at nearly Rs 750 crore, reflecting continued investor interest in India’s growing direct-to-consumer fashion and lifestyle segment.
Existing investors, including Elevation Capital and Eight Roads Ventures, are also likely to participate in the funding round. The investment comes at a time when digitally native consumer brands across fashion, wellness, and lifestyle categories are witnessing increased traction in India, supported by evolving consumer preferences and rising demand for premium products.
The funding development follows the company crossing an annualised revenue run rate of Rs 250 crore. BlissClub reported revenue of Rs 135 crore in FY25, compared to Rs 92 crore in FY24. During the same period, the company reduced its losses to Rs 20 crore from Rs 44 crore in the previous financial year, indicating improvements in operational efficiency and cost management.
The upcoming capital infusion is expected to support the company’s offline retail expansion strategy, including the launch of additional physical stores and strengthening its omnichannel business model. The move aligns with broader market trends where digital-first brands are increasingly investing in experiential offline retail to deepen customer engagement and improve long-term retention.
BlissClub operates in India’s expanding premium athleisure segment, which has seen strong growth amid rising consumer focus on wellness, fitness, and comfort-led fashion. Urban consumers, particularly women, are driving increased demand for activewear and lifestyle products positioned around functionality and premium branding.
The company competes with brands such as Cult.fit, Boldfit, and Cava, along with several emerging startups in the athleisure category. Industry observers note that BlissClub’s community-driven positioning and product differentiation have helped the company build a distinct presence in India’s competitive D2C market.
The funding round also reflects growing investor appetite for scalable consumer startups with improving financial metrics, strong customer loyalty, and omnichannel growth strategies. As more Indian D2C brands expand beyond online commerce into physical retail and lifestyle-led experiences, companies such as BlissClub continue to strengthen their position within the country’s evolving consumer startup ecosystem.
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{Funding Alert} Figtree Pharmacy Secures Seed Capital to Expand Pharmacy Network

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Two Brothers Organic Farms Launches Indigenous Grain-Based Protein Atta

BY - Indian Retailer Bureau
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Two Brothers Organic Farms has launched Khapli Protein Atta, expanding its range of functional food products aimed at addressing growing nutritional concerns around protein intake in Indian diets.
The new atta has been developed to incorporate higher protein content into a commonly consumed staple food format, allowing consumers to improve protein intake without significantly altering daily eating habits.
According to the brand, four rotis made using the Khapli Protein Atta provide nearly 22 grams of protein, which accounts for close to 40 percent of the daily protein requirement for an average adult weighing 70 kilograms.
The product is made using Khapli wheat, also known as Emmer wheat, along with a blend of soy flour, Bengal gram, soy protein isolate, and finger millet. The company said the formulation contains 72 percent Emmer wheat grain and 28 percent other grains and soy protein.
The atta is positioned as a combination of high protein, high fibre, and lower gluten content compared to conventional wheat flour. According to the company, Khapli wheat contains up to 50 percent lower gluten and supports easier digestion and gradual energy release.
Satyajit Hange, Co-founder & Farmer, Two Brothers Organic Farms, said, “Today, we’re seeing protein being added to everything, often through highly processed ingredients. For us, the focus was on improving everyday food. Roti is a constant across Indian homes, and by improving what goes into it, we can help people increase their protein intake without changing their habits”
Ajinkya Hange, Co-founder & Farmer, Two Brothers Organic Farms added, “Khapli has always been at the heart of our farming philosophy because of its resilience and nutritional value. With this product, we’ve combined the benefits of indigenous grains with a practical approach to today’s protein needs, creating something that is both rooted and relevant.”
The company said the product reflects its focus on combining traditional grains with modern nutritional requirements through everyday food formats.
Khapli Protein Atta is priced at Rs 265 for a 1 kg pack and is currently available through the company’s website and Amazon India. The brand plans to expand availability through quick commerce platforms and selected offline retail stores in the coming months.
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MOVA Expands India Portfolio with V50 Ultra Smart Vacuum

BY - Indian Retailer Bureau
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MOVA has launched its flagship V50 Ultra Robot Vacuum in India, expanding its smart home appliance portfolio in the country. The AI-powered cleaning device is designed to address growing demand for automated home cleaning solutions amid rising dust levels and changing urban lifestyles.
Priced at Rs 89,999, the V50 Ultra is available on Amazon India in black and white colour variants.
The company said the robot vacuum is equipped with a 24,000 Pa suction system aimed at cleaning dust, debris, and pet hair across hard floors and carpets. The device also features FlexiRise retractable LiDAR navigation and AI-powered DToF sensors for mapping spaces, obstacle detection, and route optimisation.
Jacey Zheng, General Manager of MOVA APAC said, “Indian consumers are increasingly prioritizing convenience without compromising on performance. With the V50 Ultra, we are delivering a solution that combines powerful cleaning with true automation, allowing users to maintain a clean home effortlessly, even in dust-heavy environments.”
MOVA said it is continuing to expand its portfolio of smart home products focused on automation and user-focused design.
Anuj Bhatia, Founder, eTrade, said, "The smart home appliances segment in India is seeing a clear surge, with consumers increasingly prioritizing convenience, automation, and performance. Products like the V50 Ultra are well-timed for this shift, bringing together powerful suction, intelligent navigation, and a truly hands-free experience. As demand continues to evolve, solutions that seamlessly blend technology with everyday living are set to see strong adoption, and the V50 Ultra fits squarely into this emerging consumer mindset."
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{Funding Alert} Kids Toy Brand Gubbachhi Secures Rs 1.5 Cr Funding

BY - Indian Retailer Bureau
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Gubbachhi, a Bengaluru-based kids’ toy brand, has secured an additional Rs 1.5 crore as part of its pre-seed funding round. The investment was led by existing backer D2C Insider Super Angels, with participation from strategic angel investors including Siddhartha Nangia.
The latest funding round highlights growing investor interest in emerging direct-to-consumer brands in India that are focused on culturally rooted and experience-led products.
Founded by husband-wife duo Abhijith Shetty and Pallavi Shetty, Gubbachhi develops India-inspired toys centred around culture, heritage, folklore, and traditional art forms. The company is building its presence in the D2C space by combining storytelling, education, and play-focused experiences for children.
The fresh capital will be utilised to strengthen the company’s team, accelerate product development, expand retail distribution, and scale marketing and community engagement initiatives. Gubbachhi is also planning to enhance its offline and experiential presence while entering new age categories and play formats.
Close to 80 percent of its revenue currently comes through its own website, while the remaining sales are generated through online marketplaces. The brand said this reflects the growing importance of direct consumer engagement and owned channels in the D2C business model.
The company’s growth comes at a time when urban parents in India are increasingly seeking products that reflect Indian culture and identity while maintaining global quality standards. This trend is creating opportunities for purpose-led and premium consumer brands in the country’s evolving D2C market.
The investment also reflects continued momentum in funding activity across niche consumer-focused startups. D2C Insider Super Angels, backed by more than 50 founders and operators from the D2C ecosystem, has been actively investing in early-stage consumer brands. Its network includes entrepreneurs such as Anupam Mittal, Kunal Bahl, Rohit Bansal, and Hitesh Dhingra, along with founders from The Souled Store.
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{Funding Alert} MedVital Raises Rs 18 Cr in Funding Led by Alkemi Growth Capital

BY - Indian Retailer Bureau
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MedVital, a medtech startup specialising in wound care and regenerative aesthetics, has raised Rs 18 crore (approximately $1.89 million) in a growth funding round led by Alkemi Growth Capital.
The funding round also witnessed participation from Sanjay Arora and Shubhan Ventures, along with existing investors. MedVital had earlier secured funding from 4point0 Health Ventures and several angel investors.
The company said the fresh capital will be utilised to expand its operations, accelerate product development, and strengthen capabilities across medical devices, biomaterials, and biologics.
Founded in 2024, MedVital develops medical technologies focused on advanced wound care, regenerative aesthetics, and chronic skin condition management.
The startup currently operates in the advanced wound care category through its NoWound portfolio, which includes negative pressure wound therapy systems and liquid bandage products designed for hospital use.
Its products have been adopted across more than 200 healthcare institutions in India, with repeat usage from hospitals.
In addition to wound care solutions, MedVital has also launched Elyara, a regenerative aesthetics product line focused on non-invasive skin and hair restoration treatments.
The latest funding comes as medtech startups in India continue to attract investor interest, particularly in segments such as healthcare devices, regenerative medicine, and specialised treatment technologies.
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Dylect Launches Smart Kitchen Appliances Range in India

BY - Indian Retailer Bureau
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Dylect has expanded its portfolio in India’s kitchen appliance retail segment with the launch of a new range of smart kitchen products, including slow juicers and stand mixers. The company said the new lineup has been introduced to address rising demand for convenient and health-focused home appliances amid increasing temperatures and changing consumer lifestyles in India.
The newly launched range includes two slow juicer models — NutriMax Slow Juicer and NutriPro Slow Juicer — along with two stand mixer variants, BetterMix Stand Mixer and ArtiMix Stand Mixer. The slow juicer range starts at Rs 8,999, while the stand mixer range is priced from Rs 6,499 onwards. The products are currently available through the brand’s official website and Amazon.
Alongside the juicers, Dylect has also introduced a new range of stand mixers focused on reducing manual effort in kitchen tasks such as mixing, kneading, and whipping. The stand mixers come with stainless steel bowls, multiple speed settings with pulse functionality, and attachments including dough hooks, whisks, and beaters.
The premium stand mixer variant additionally features what the company claims is India’s first built-in fermentation mode for dough proofing. It also includes a full metal gear system with ball bearings for added durability and optional blender compatibility.
Anuj Bhatia, Founder, Dylect said, “Our vision is to create products that are truly built around the user. With this launch, we are addressing both wellness and convenience, helping consumers stay consistent with healthy habits while also making everyday cooking less demanding. These products are designed to fit into real homes and real routines, where ease and efficiency matter the most.”
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{Funding Alert} MHYTH Raises Pre seed Capital to Scale Premium Innerwear Brand

BY - Indian Retailer Bureau
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MHYTH has secured Rs 5 crore (approximately $600,000) in a pre-seed funding round backed by a Mumbai-based single-family office led by businessman Mohammed Asief Khan. The investment follows an earlier angel round in December 2024, which saw participation from Nine Rivers Capital.
The brand operates in the premium innerwear and lifestyle segment, offering a portfolio that includes designer lingerie, shapewear, nightwear, resort wear, loungewear, dresses, and everyday essentials. It is positioned at the intersection of fashion, functionality, and comfort, with a focus on building a comprehensive product ecosystem.
MHYTH aims to develop an India-focused luxury narrative while benchmarking itself against established global players such as Victoria's Secret, Hunkemöller, Savage X Fenty, Marks & Spencer, La Senza, Calvin Klein, and Agent Provocateur.
“At MHYTH, execution drives everything we do. We are building with a clear focus on global standards while addressing real consumer needs and gaps in the market," stated Mitali Rai, Founder & CEO
“Great brands are built on sharp positioning and consistent execution. MHYTH has both, and I’m backing Mitali to establish it as a powerful and recognizable name in the global premium space from India,” shared Mohammed Asief Khan, Investor at MHYTH.
Founded by Mitali Rai, the company began operations in early 2025 across Bengaluru and New Delhi, alongside COO Vivek Mittal. The business follows an automation-led, asset-light operating model.
Despite early interest from larger conglomerates for co-building opportunities, MHYTH has prioritised product development, strengthening its India-based manufacturing ecosystem, and aligning closely with consumer demand. This approach comes in a category that has traditionally relied on sourcing from China and Europe.
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Milky Mist Raises Rs 482 Cr in Pre IPO Funding Round

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Dairy products manufacturer Milky Mist Dairy Food has secured around Rs 482 crore in a pre-IPO funding round from Jongsong Investments Pte Ltd, an indirect wholly owned subsidiary of Temasek Holdings. The funding comprises a primary capital infusion of Rs 357 crore from Jongsong Investments, along with a secondary share sale of Rs 125 crore by promoters Sathish Kumar T and Anitha S ahead of the company’s proposed public listing.
The funding comprises a primary capital infusion of Rs 357 crore from Jongsong Investments, along with a secondary share sale of Rs 125 crore by promoters Sathish Kumar T and Anitha S ahead of the company’s proposed public listing.
As part of the primary issuance, Milky Mist allotted 5.43 lakh equity shares at Rs 139.76 per share, raising approximately Rs 7.6 crore. In addition, the company issued 25 lakh compulsorily convertible preference shares at the same price, bringing in nearly Rs 349.4 crore. These preference shares will convert into equity on a one-to-one basis prior to listing.
At the current issue price, the company’s valuation stands at around Rs 9,300 crore, significantly lower than the earlier targeted valuation of nearly Rs 20,000 crore for its IPO.
This development comes about six months after the company received approval from the Securities and Exchange Board of India to proceed with its public offering.
On the financial front, the Erode-based firm reported a 29 percent increase in revenue from operations, reaching Rs 2,349 crore in FY25 compared to Rs 1,822 crore in FY24. Its profit rose 2.4 times to Rs 46 crore in FY25 from Rs 19 crore in the previous year.
Founded in Tamil Nadu, Milky Mist focuses on premium dairy categories, including paneer, cheese, yogurt, ice cream, butter, and ghee, while it does not operate in the liquid milk segment. This strategy supports higher margins and positions the company within a value-added FMCG framework.
The proceeds from the IPO are expected to be utilised towards debt repayment, capacity expansion, and modernisation of its Perundurai facility. Additional investments will be directed at strengthening cold chain infrastructure and expanding distribution capabilities.
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{Funding Alert} Milky Mist Raises Rs 482 Cr in Pre IPO Funding Round

BY - Indian Retailer Bureau
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Dairy products manufacturer Milky Mist Dairy Food has secured around Rs 482 crore in a pre-IPO funding round from Jongsong Investments Pte Ltd, an indirect wholly owned subsidiary of Temasek Holdings. The funding comprises a primary capital infusion of Rs 357 crore from Jongsong Investments, along with a secondary share sale of Rs 125 crore by promoters Sathish Kumar T and Anitha S ahead of the company’s proposed public listing.
The funding comprises a primary capital infusion of Rs 357 crore from Jongsong Investments, along with a secondary share sale of Rs 125 crore by promoters Sathish Kumar T and Anitha S ahead of the company’s proposed public listing.
As part of the primary issuance, Milky Mist allotted 5.43 lakh equity shares at Rs 139.76 per share, raising approximately Rs 7.6 crore. In addition, the company issued 25 lakh compulsorily convertible preference shares at the same price, bringing in nearly Rs 349.4 crore. These preference shares will convert into equity on a one-to-one basis prior to listing.
At the current issue price, the company’s valuation stands at around Rs 9,300 crore, significantly lower than the earlier targeted valuation of nearly Rs 20,000 crore for its IPO.
This development comes about six months after the company received approval from the Securities and Exchange Board of India to proceed with its public offering.
On the financial front, the Erode-based firm reported a 29 percent increase in revenue from operations, reaching Rs 2,349 crore in FY25 compared to Rs 1,822 crore in FY24. Its profit rose 2.4 times to Rs 46 crore in FY25 from Rs 19 crore in the previous year.
Founded in Tamil Nadu, Milky Mist focuses on premium dairy categories, including paneer, cheese, yogurt, ice cream, butter, and ghee, while it does not operate in the liquid milk segment. This strategy supports higher margins and positions the company within a value-added FMCG framework.
The proceeds from the IPO are expected to be utilised towards debt repayment, capacity expansion, and modernisation of its Perundurai facility. Additional investments will be directed at strengthening cold chain infrastructure and expanding distribution capabilities.
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{Funding Alert} Blue Tokai Plans International Expansion After New Funding

BY - Indian Retailer Bureau
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Blue Tokai Coffee Roasters is raising Rs 175 crore (around $19 million) through an extension of its Series D funding round. The round is led by Anicut Capital, with participation from A91 Emerging Fund, Verlinvest, 12 Flags, and other investors.
The company’s board has approved a special resolution to issue 6,194 Series D2 preference shares at an issue price of Rs 2,82,549 per share to raise the capital.
Anicut Capital will invest Rs 50 crore in the round, while A91 Emerging Fund, Verlinvest, and 12 Flags will contribute Rs 35 crore, Rs 30 crore, and Rs 20 crore, respectively. Additional participation is expected from investors, including Concatenate Advest, Prudent Advisors, Rama Advisors, Waterfield Fund, and Bhoruka Supply Chain.
Blue Tokai has raised more than $130 million to date, including a $25 million Series D bridge round backed by existing investors such as A91 Partners, Anicut, Verlinvest, and 12 Flags.
Following the latest transaction, A91 Partners is expected to remain the largest external shareholder with a 23.51 percent stake, followed by Verlinvest at 14.62 percent.
The company currently operates over 175 cafés across multiple cities in India and is planning international expansion into markets such as Dubai and Japan.
On the financial front, Blue Tokai reported a 50 percent year-on-year increase in revenue to Rs 325 crore in FY25, while its losses narrowed by 20.6 percent to Rs 50 crore during the same period. The company is yet to report its FY26 financial results.
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{Funding Alert}Rosier Foods Secures Capital to Scale Farm-to-Table Food Business

BY - Indian Retailer Bureau
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Rosier Foods, a premium staples brand focused on A2 Gir cow ghee and organic pantry products, has received investment from Aman Gupta through SailThru Ventures. The company was founded by Gaurav Taneja along with Ankur Tyagi and Sumit Mishra, and is building its presence in India’s health and wellness food segment.
The brand’s product portfolio is rooted in traditional Indian food practices. Its flagship A2 Gir cow ghee is produced using the bilona method, which involves slow heating in earthen pots to retain nutritional value. In addition to ghee, the company offers products such as raw honey, Amlaprash (Chyawanprash), and other organic pantry essentials.
Rosier Foods has reported a strong annual revenue run rate of Rs 100 crore and is targeting Rs 150 crore by FY27. The company is currently operating at a net profit margin of 5 to 6 percent, reflecting a focus on sustainable and capital-efficient growth. Its farm-to-table model involves direct collaboration with farmers to maintain control over sourcing, quality, and supply chain operations.
The fresh capital will be used to strengthen sourcing and supply chain capabilities, expand the farmer network, and invest in brand building and customer acquisition. The company also plans to enhance backend infrastructure, scale its farm-to-table ecosystem, and expand its product portfolio across high-growth wellness categories, while strengthening its direct-to-consumer presence across India.
Aman Gupta said, “Consumers today are increasingly conscious about what they consume, and brands like Rosier Foods are addressing this shift with authenticity and purpose. Their focus on Vedic processes, quality sourcing, and farmer empowerment makes this a compelling opportunity. Through SailThru Ventures, we are excited to partner with Rosier Foods as they scale and build a trusted nutrition brand.”
Gaurav Taneja, Sumit Mishra, and Ankur Tyagi, Co-founders, Rosier Foods, shared, “Our vision with Rosier Foods is to bring back the purity and nutritional richness of traditional Indian foods while building a brand rooted in quality, transparency, and farmer welfare. This partnership with Aman Gupta and SailThru Ventures strengthens our mission to scale responsibly, expand our reach, and create a meaningful impact while staying true to our roots.”
With rising demand for clean-label and traditionally produced food products, Rosier Foods is positioned to benefit from growth in India’s health and wellness category.
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{Funding Alert} CHOSEN raises $5 million in Series A led by Fireside Ventures

BY - Indian Retailer Bureau
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CHOSEN has secured $5 million in a Series A funding round led by Fireside Ventures, with participation from BOLD, Alkemi Growth Capital, and a group of angel investors including Avnish Anand, Chandan Asokan, KC Nischal, Punit Saraogi, Nishita Ranka, and Mikki Singh.
The Chennai-based company had earlier raised $1.2 million in an angel funding round in 2024. The latest capital will be used to strengthen research and development, expand its pipeline of clinically validated and evidence-based products, scale its Centre of Excellence, and invest in talent across key functions, according to a company statement.
Founded in 2020 by Renita Rajan, CHOSEN focuses on science-driven skincare tailored for melanin-rich Indian skin. Its approach is based on the science of the exposome and targets four key aspects of ageing, including pigmentation, skin texture, contour, and hair ageing. The company offers a mix of topical treatments and nutraceutical products through a dermatologist-led, clinic-to-consumer model.
The company currently offers around 58 SKUs across its doctor-led and D2C channels. Its products are prescribed in more than 2,000 clinics across India, while its digital platform serves customers nationwide, with nearly 95 percent of online sales coming through its own website.
Looking ahead, CHOSEN is preparing to expand into international markets focused on “skin of colour,” including regions in Latin America and East Asia. The company notes that around 70 percent of its revenue comes from repeat customers, particularly women in the 30 to 50 age group.
In the competitive landscape, CHOSEN operates alongside established skincare brands such as Avène, Heliocare, Cetaphil, Sebamed, Shiseido, and Dr. Sturm.
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{Funding Alert} Ethnic Wear Brand Kisah Secures Series A Funding of Rs 35.9 Cr

BY - Indian Retailer Bureau
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Men’s and kids’ ethnic wear brand Kisah has initiated its Series A funding round, securing Rs 35.9 crore (approximately $3.8 million). The round is led by Fireside Ventures, along with participation from individual investors.
The company’s board approved a special resolution to issue 38,220 Series A preference shares at an issue price of Rs 9,393 per share to raise the stated amount.
Fireside Ventures is contributing Rs 34 crore to the round, which has already been infused, while the remaining capital from individual investors is expected to be completed in the near term.
Kisah is expected to reach a post-money valuation of around Rs 211 crore. This represents a 70 percent increase compared to its previous funding round, when it raised Rs 13 crore (approximately $1.5 million) from investors including Sagar Daryani, along with Apoorv Salarpuria, Rahul Todi, Vinod Dugar, and Inflection Point Ventures.
Founded in 2018 by Yash Sarawagi and Yashwi Ladasaria, the Kolkata-based brand focuses on high-fashion ethnic wear for Gen Z and millennial consumers at accessible price points. The company initially operated through a marketplace-led model and is now transitioning towards an omnichannel retail strategy.
On the financial front, Kisah reported a 65 percent year-on-year increase in revenue to Rs 41.8 crore in FY25, compared to Rs 25.3 crore in FY24. The company’s profit more than doubled to Rs 2 crore during the same period, reflecting improved operational performance alongside growth.
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Zeelab Pharmacy Scales D2C Healthcare Model Across India

BY - Indian Retailer Bureau
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Zeelab Pharmacy is strengthening its position in India’s direct-to-consumer healthcare segment, with a focus on affordability, scale, and accessibility. The company is aiming to reach Rs 1000 crore in turnover while planning to expand its offline footprint to 1,000 stores over the next two years.
Established with the objective of making medicines more affordable, Zeelab Pharmacy has built a large offline network in the Delhi NCR region. The company currently operates over 240 company-owned stores along with more than 1,800 shop-in-shop outlets. It has also expanded its presence to markets including Uttar Pradesh, West Bengal, and Mumbai, combining physical retail with digital channels to support growth.
The company’s business model is centred on accessibility and price competitiveness. It offers medicines at prices up to 80 percent lower than prevailing market rates, focusing on essential healthcare needs across chronic care segments such as diabetes, cardiac conditions, and psychiatric treatments. This positioning reflects strong demand for cost-effective healthcare solutions in India.
On the digital front, Zeelab has developed an online platform through its website and mobile application, with digital channels contributing around 40 percent of its overall revenue. The planned launch of an iOS application is expected to further strengthen its digital reach. Currently, its online operations cover over 90 percent of India, reaching close to 18,000 pin codes.
The company is also evaluating expansion into new markets such as Hyderabad, Indore, and Jaipur, while continuing to deepen its presence in key regions including Uttar Pradesh, Delhi, and West Bengal. Its cluster-based expansion approach focuses on building density in existing markets before entering new ones, enabling operational efficiency.
In addition to pharmaceuticals, Zeelab is expanding into adjacent categories such as skincare and haircare. The company is introducing around 20 new products each month, supported by ongoing product development and innovation.
From a growth perspective, Zeelab is working towards improving delivery timelines, including same-day and two-hour delivery options, to strengthen its competitive positioning.
With its focus on affordability, distribution expansion, and product diversification, Zeelab Pharmacy continues to scale its presence in India’s healthcare and wellness market.
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{Funding Alert} HealthFab Raises Fresh Capital to Expand in Women’s Wellness Market

BY - Indian Retailer Bureau
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Menstrual hygiene-focused startup HealthFab has secured Rs 20 crore in a Series A funding round led by Atomic Capital. The company plans to utilise the capital to expand its period care product portfolio, strengthen distribution, including quick commerce channels, and enhance manufacturing capacity to support growth.
Founded in 2019 by Kiriti Acharjee, Sourav Chakrabarty, and Satyajit Chakraborty, HealthFab focuses on offering accessible and innovation-led menstrual health solutions. The company is known for its GoPadFree reusable cotton period underwear, designed to replace traditional sanitary pads by addressing leakage concerns through a multi-layer absorbent system. The brand gained visibility after being featured on Shark Tank India and is currently ranked as the top brand in the reusable period underwear category on Amazon India. It has also received dual BIS certification for 50-wash durability and anti-bacterial performance.
Kiriti Acharjee, Co founder & CEO, HealthFab shared, "It took us five years to earn the trust of five lakh women. Five years of obsessing over one problem – leakage, until we solved it so completely that women stopped thinking about it altogether. That's when we knew we'd built something real. But leakage is just one of the five days. What about the fatigue that hits on day two? The sleep that gets stolen on day three? The pain that no one talks about but every woman knows? We built trust on one product. Now we're on a mission to serve the whole cycle — energy, sleep, pain, and everything in between. The goal is five million women in three years. Not just protected. Truly cared for."
The company has reported threefold year-on-year revenue growth and continues to expand its direct-to-consumer subscriber base, supported by repeat purchases driven by its product design. In addition to its D2C model, HealthFab is entering general trade and quick commerce channels to reach a wider set of consumers, including first-time users and urban buyers seeking accessible period wellness products.
Apoorv Gautam, Managing Partner, Atomic Capital added, "Womens wellness as a category is growing fast as more new age brands address and improve several aspects of it. HealthFab’s vision of building a complete care ecosystem for women not just for their days of periods but also overall health, deeply resonated with us. We believe that within women's wellness, period care is a fast-growing category, and HealthFab is poised and determined to capture a large market share in the short term. Kiriti, Sourav, and Satyajit have been very open-minded and easy to collaborate with from the day we met them. I believe our operating VC playbook will help unlock a lot of value and accelerate the company’s trajectory.”
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House of Quadri Scales Presence in India’s Premium D2C Jewellery Segment

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House of Quadri is building a distinct position in India’s direct-to-consumer luxury market, with a focus on how premium jewellery is designed, marketed, and scaled. The brand is strengthening its role within the evolving D2C ecosystem in India through an emphasis on design, storytelling, and an omnichannel approach.
Founded in 2021 by Vaibhav Karnavat, the company represents a new set of D2C brands in India that combine manufacturing expertise with evolving consumer insights. Leveraging its background in jewellery production and awareness of global trends, the brand entered the market as lab-grown diamonds began gaining wider acceptance. It has since established itself within the premium fashion and lifestyle segment among emerging D2C startups.
House of Quadri follows an omnichannel strategy with a strong offline focus. The brand currently operates four retail touchpoints across Mumbai, Delhi, Hyderabad, and Bangalore, including flagship stores and experience centres. Nearly 90 percent of its revenue is generated through offline channels, while digital platforms are used primarily for discovery and brand visibility. This reflects a broader trend in high-value categories, where trust and in-store experience continue to influence purchase decisions.
The company is now moving into its next phase of expansion. Plans include opening a new showroom in Hyderabad, enhancing its Bangalore presence, and entering additional markets such as Pune and Chandigarh. Alongside domestic growth, the brand has also introduced international shipping, catering to demand from regions including the US, UAE, and Australia.
On the product side, House of Quadri has expanded significantly from 40–50 SKUs at launch to more than 800 SKUs currently, with a target to exceed 1,000 SKUs within the year. The portfolio now includes platinum jewellery, coloured diamonds, and specialised cuts such as Portuguese and modified emerald, indicating continued investment in design and product development.
A key differentiator for House of Quadri is its focus on brand storytelling and customer experience. The brand offers personalised services such as engraving, curated in-store interactions, and a made-to-order model supported by an in-house CAD design team and ongoing research and development.
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La Pink Targets Rs 100 Cr Revenue by 2028 with India Expansion

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Clean beauty brand La Pink has outlined its growth strategy, aiming to achieve Rs 100 crore in revenue by 2028 as it expands its presence in India’s direct-to-consumer beauty market.
The company is positioned around 100 percent microplastic-free formulations and continues to focus on developing skincare products aligned with sustainability and performance-led consumer demand.
La Pink is strengthening its omnichannel approach by scaling its presence across online marketplaces, its direct-to-consumer website, and offline retail channels. The brand is also increasing its focus on Tier II and Tier III markets, alongside partnerships with marketplace and quick commerce platforms to support wider reach and accessibility.
The company has reported steady growth since its launch and is targeting Rs 50 crore in the near term as it builds towards its long-term revenue goal of Rs 100 crore. As part of its expansion strategy, La Pink plans to enter new product segments, including colour cosmetics.
In addition to domestic growth, the brand is exploring opportunities in international markets such as the United States, Dubai, and Europe as part of its next phase of expansion.
La Pink continues to position itself within the clean beauty segment, with a focus on product innovation, sustainability, and accessibility. The brand aims to scale its microplastic-free approach while expanding its footprint across both domestic and global markets.
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Furlenco Reports Strong Growth and Profit Turnaround in FY25

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Culture Circle Reports Rs 153 Cr GMV in FY26, Targets Rs 1000 Cr ARR by FY27

BY - Indian Retailer Bureau
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Culture Circle is gaining traction in India’s direct-to-consumer retail market, particularly in the premium resale and hype fashion segment. The platform reported a gross merchandise value of Rs 153 crore in FY26, indicating growth in a category increasingly driven by trust, authentication, and community-led commerce.
The company operates as a marketplace aggregator, connecting buyers with a network of independent reseller partners. Its model focuses on enabling transactions through technology, authentication processes, and fulfilment support, reflecting shifts in consumer behaviour and supply chain innovation within India’s D2C ecosystem. Culture Circle is now targeting Rs 1000 crore in annual recurring revenue by FY27, positioning itself among fast-scaling players in the resale economy.
A key aspect of the platform’s strategy is its focus on product authenticity. In a segment where counterfeit products have historically impacted consumer confidence, Culture Circle has implemented a dual authentication system in partnership with CheckCheck. Each purchase is supported by an international Certificate of Authenticity, reinforcing its trust-led approach to commerce.
On the distribution front, Culture Circle is building an omnichannel presence. The brand operates physical retail stores in Vasant Kunj, Banjara Hills, and Kopa Mall, alongside its digital platform, which serves over five million monthly active users. With a network of more than 7,000 verified sellers, the company continues to expand both supply and demand.
Looking ahead, Culture Circle plans to enter international markets, with four new stores scheduled to open in the UAE by the end of 2026. The company is backed by investor Ritesh Agarwal, who invested in 2025 at a valuation exceeding Rs 100 crore, indicating continued investor interest in India’s D2C segment.
With a focus on authentication, scale, and community-driven commerce, Culture Circle is positioning itself as a key player in India’s premium resale market.
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{Funding Alert} Dholakia Lab Grown Diamond Raises Rs 800 Cr to Scale India Operations

BY - Indian Retailer Bureau
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Dholakia Lab Grown Diamond (DLGD) has raised over Rs 800 crore in a growth-stage funding round, marking one of the largest investments in India’s lab-grown diamond segment. The round was led by Abakkus PE, with participation from ICICI Ventures IAF5, Amal Parikh, and other investors, reflecting continued interest in premium direct-to-consumer brands and sustainable luxury categories in India.
The capital will be used to scale production capacity, strengthen working capital, and expand the company’s retail footprint across India. The company is also advancing its omnichannel strategy, combining manufacturing capabilities with retail expansion as part of its integrated business model.
A key focus area for DLGD is its entry into high-precision single-crystal diamonds, which have applications across sectors such as optics, quantum technology, thermal systems, defence, and semiconductors. This move positions the company beyond jewellery retail, expanding its presence into technology-driven applications.
Backed by the legacy of the Hari Krishna Group, DLGD operates an integrated value chain spanning diamond growing, polishing, jewellery design, manufacturing, and global distribution. This structure supports quality control, pricing efficiency, and scalability, while aligning with the broader shift towards vertically integrated D2C businesses.
Lab-grown diamonds are gaining traction among consumers due to pricing advantages, sustainability factors, and ethical sourcing. This trend is particularly visible among younger buyers and is contributing to the growth of the category within India’s fashion and lifestyle segments.
DLGD was also an early entrant in the category globally, introducing lab-grown diamonds to major US retailers in 2018. The company’s international exposure and early adoption strategy have supported its positioning in the segment.
The transaction was advised by UBS, highlighting increasing private equity participation in India’s D2C ecosystem and the scale of funding activity in the segment.
With fresh capital, technology integration, and expansion plans underway, Dholakia Lab Grown Diamond is positioned to scale its operations and strengthen its presence in India’s evolving direct-to-consumer market.
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Millwize Strengthens Metro Presence with Urban Expansion

BY - Indian Retailer Bureau
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D2C food brand Millwize has announced its expansion into key metro markets, including Delhi NCR, Mumbai, Pune, Bengaluru, Chennai, and Hyderabad. The move marks a step in strengthening its retail and consumer outreach across urban India.
As part of this expansion, the company plans to distribute 10 million sample packs of its millet-based cookies to households. The initiative is aimed at shifting consumer engagement in the healthy snacking category from brand-led claims to direct product experience.
Divyashikha Gupta, Founder, Millwize shared, "Much of what is marketed as ‘healthy’ today looks good on the pack but does not always work in the body. India does not just have a food problem; it has a nutrition absorption problem. We are here to fix what is broken in the healthy snacking trend by ensuring millets move from the ‘diet shelf’ to the heart of the home.”
The brand’s product development is led by Dr. Shrikrishna Bilaiya, Principal Scientist in Agronomy, whose experience spans over four decades in millet research and work with Baiga tribal communities. His focus has been on improving nutrient absorption through scientific processing methods.
“Millets are nutritional powerhouses, but natural compounds like phytic acid can block the absorption of essential minerals like iron and zinc. We combine traditional practices like controlled sprouting with calibrated thermal processing to enhance bioavailability. We are standing with science to ensure that what is consumed is effectively utilized by the body," stated Shrikrishna Bilaiya, Principal Scientist at Millwize.
According to S. Venkateswaran, Strategic Partner at Millwize, metro cities have been identified as initial focus markets due to their higher adoption of clean-label and functional food products.
S. Venkateswaran, Strategic Partner at Millwize commented, "These four key metro cities are ideal starting points as trend-setting hubs where consumers are early adopters of clean-label alternatives. This initiative is designed to turn health intent into daily action by providing snacks that are nutrient-dense and indulgent without compromise.”
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{Funding Alert} Wow Momo to Raise Rs 110 Cr in Debt Funding from Anicut Capital

BY - Indian Retailer Bureau
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Quick-service restaurant chain Wow! Momo is set to raise Rs 110 crore in debt funding from Anicut Capital, marking its first fundraise in 2026. The development follows an additional Rs 75 crore infusion from Singularity AMC in December last year, as the company continues to strengthen its capital base.
The company’s board has approved the issuance of 1,100 non-convertible debentures with a face value of Rs 10 lakh each, aggregating Rs 110 crore. The fundraising will be completed in three tranches, with the company having already received the first tranche of Rs 60 crore. The remaining tranches are expected to be closed within six months.
The proceeds from the fundraise will be used for refinancing existing borrowings, supporting general corporate requirements, and funding growth initiatives. The move comes after a series of capital raises in the previous year, when Wow! Momo secured around Rs 300 crore across three rounds through a mix of equity and debt. This included Rs 130 to 150 crore from the Haldiram promoter family and Khazanah Nasional.
Founded in 2008 by Sagar Daryani and Binod Homagai, the company currently operates more than 850 outlets across over 90 cities in India. Its portfolio includes brands such as Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi.
As per its last funding round, the company was valued at around Rs 2,838 crore on a post-money basis. Overall, Wow! Momo has raised more than 140 million dollars to date, including a 42 million dollar Series D round led by Khazanah Nasional in January 2024.
On the financial front, the company reported revenue of Rs 470 crore in FY24, up 13 percent from Rs 413 crore in FY23, while losses remained at around Rs 114 crore. Although FY25 results are yet to be filed, the company has indicated that revenue grew by over 30 percent to approximately Rs 640 crore and is projected to reach Rs 850 crore in FY26. It has also outlined a longer-term target of achieving Rs 1,200 crore in revenue by 2027.
In addition to its core QSR business, the company has expanded into the FMCG segment, where it has crossed Rs 100 crore in revenue. It is also planning to accelerate store expansion as part of its growth strategy.
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Ayuvya Scales D2C Wellness Business with Strong Growth Plans

BY - Indian Retailer Bureau
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Direct-to-consumer wellness brand Ayuvya is scaling its operations in India’s preventive healthcare segment, with a stated revenue target of Rs 120 crore for the current financial year. The company’s growth reflects rising demand for daily nutrition and long-term wellness solutions within the D2C ecosystem.
Ayuvya reported estimated revenue of Rs 51.5 crore in the previous year and is currently operating at an annual run rate of around Rs 80 crore, indicating steady growth. The brand’s trajectory aligns with increasing consumer focus on preventive healthcare and nutrition-led products.
The company currently offers around 20 SKUs and is expanding its portfolio into new categories, including children’s supplements and products targeting chronic health conditions. This move is aimed at strengthening its presence in the wellness and Ayurveda-led product segments, which are seeing increased traction among consumers.
Ayuvya is also scaling its digital distribution by expanding across online marketplaces, reinforcing its digital-first strategy. The approach reflects broader trends in India’s D2C market, where online channels continue to drive early-stage growth and customer acquisition.
Its growth has been supported by increasing consumer trust and awareness around preventive healthcare. The brand sees opportunities in categories such as children’s nutrition and chronic condition management, where demand for safe and long-term solutions is rising.
The company’s strategy is focused on product innovation, targeted category expansion, and strengthening accessibility through digital platforms. This positions Ayuvya among emerging D2C brands building category-led businesses in the wellness space.
From a market perspective, the brand’s expansion and growth trajectory place it within the broader conversation around scaling D2C startups in India, particularly in preventive healthcare. As consumer demand continues to shift towards wellness-focused products, Ayuvya is working to strengthen its presence through a combination of product development and digital reach.
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Indus Valley Scales D2C Business with Global Expansion Plans

BY - Indian Retailer Bureau
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Direct-to-consumer personal care brand Indus Valley is expanding its presence in India and global markets, positioning itself as a fast-growing player within the D2C ecosystem. The brand has built its portfolio around natural and bio-organic formulations, targeting gaps in hair care products designed for Indian hair types.
The company’s growth is anchored in its product differentiation strategy, particularly in the hair colour segment, where it avoids the use of harsh chemicals such as hydrogen peroxide. This positioning has helped it build traction among consumers looking for safer alternatives within the personal care category.
Indus Valley currently generates around Rs 150 crore in revenue from India, with online channels contributing the majority of sales. Offline retail contributes approximately Rs 10 crore, with the brand present across 1,000 to 2,000 outlets, including Apollo Pharmacy and premium retail stores across Delhi NCR, Bengaluru, and Hyderabad. This reflects a growing omnichannel strategy as the brand continues to scale both digital and physical distribution.
Internationally, the company operates across the US, Europe, UAE, Australia, and Canada, with global markets contributing nearly 35 percent of total revenue. To support this expansion, Indus Valley is strengthening its supply chain infrastructure with warehouses in Poland, Dubai, and other regions.
Looking ahead, the brand aims to scale its India business to Rs 250 to 300 crore in the near term and reach Rs 600 crore by 2029. Globally, it is targeting revenue growth from Rs 50 crore to Rs 100 crore, reflecting its focus on expanding international operations.
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Mokobara Posts Strong D2C Growth with Rs 240 Cr Revenue

BY - Indian Retailer Bureau
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Mokobara has reported a twofold increase in revenue to Rs 240 crore in FY25, compared to Rs 119 crore in FY24, highlighting continued momentum in the premium travel and accessories category.
Revenue from operations rose 96 percent to Rs 230 crore in FY25 from Rs 117 crore in the previous fiscal, driven by demand across luggage, backpacks, and travel accessories. The company also reported an additional Rs 10 crore in other income, contributing to the overall topline growth.
The company’s performance reflects broader consumer trends in India’s D2C ecosystem, where demand for premium, design-led, and functional products continues to rise. Mokobara has positioned itself within this segment by focusing on product innovation and brand-led differentiation.
On the cost front, procurement remained the largest expense, accounting for nearly 43 percent of total expenditure in FY25 and increasing 91 percent to Rs 109 crore. Employee benefit expenses rose 92 percent to Rs 25 crore, while advertising spend increased 87 percent to Rs 46 crore, indicating continued investment in brand building and customer acquisition.
Logistics and warehousing expenses stood at Rs 11 crore and Rs 8 crore respectively, taking the company’s total expenditure to Rs 251 crore in FY25, compared to Rs 123 crore in FY24.
Despite strong revenue growth, the company’s losses widened to Rs 10 crore in FY25 from Rs 4 crore in FY24. The company spent Rs 1.09 to earn every rupee during the year, reflecting its ongoing investment phase focused on scale and market expansion.
Founded around 2020 by Sangeet Agrawal and Navin Parwal, Mokobara operates as a premium travel and lifestyle brand offering luggage and accessories designed for modern consumers. Its products include features such as Hinamoto wheels, USB ports, and minimalist design elements.
Initially launched as an online-first brand, Mokobara has expanded into an omnichannel model with offline retail presence in cities including Bengaluru, Delhi, and Mumbai.
The company has raised approximately 24 million dollars to date, including a 12 million dollar Series B funding round led by Peak XV Partners. The funding reflects investor interest in scaling premium D2C brands in India.
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{Funding Alert} Snabbit Raises $56 Mn in Series D to Expand Home Services Platform

BY - Indian Retailer Bureau
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In India’s retail and on-demand services segment, Snabbit has raised 56 million dollars in a Series D funding round, reflecting continued investor interest in the country’s home services market.
The round was co-led by Susquehanna Venture Capital, Mirae Asset Venture Investments through its Unicorn Growth Fund, and Bertelsmann India Investments. Existing investors Nexus Venture Partners and Lightspeed also participated, while FJ Labs joined as a new investor.
The funding values the company at approximately 350 million dollars to 400 million dollars.
The company stated that the fresh capital will be used to expand into new cities, strengthen its presence in existing markets, and invest further in technology and operations.
Founded in 2024, Snabbit has scaled its operations rapidly, raising four funding rounds within about 15 months. Its total funding has now crossed 112 million dollars.
The platform connects users with service professionals for routine household tasks through a hyperlocal model designed for faster service delivery. It currently operates in cities including Mumbai, Delhi NCR, Pune, Hyderabad, and Bengaluru.
Snabbit now completes more than 40,000 jobs per day, compared to 400 daily jobs a year earlier. It has crossed 1 million monthly jobs and operates across 140 micro-markets, supported by a network of around 15,000 service professionals.
The growth comes amid rising demand in India’s instant home services category. Urban Company led the segment with 6.5 million users, followed by Pronto at 2.7 million and Snabbit at 1.2 million.
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{Funding Alert} HyugaLife raises Rs 100 cr in Series A led by IvyCap Ventures

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{Funding Alert} House of Chikankari Raises Rs 25 Cr in Series A Led by Cap Alpha Ventures

BY - Indian Retailer Bureau
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In India’s retail and ethnic wear segment, House of Chikankari has raised Rs 25 crore in its Series A funding round, led by Cap Alpha Ventures. The funding is expected to support the company’s expansion across product categories and sales channels.
The company reported over 50 percent growth in FY26 and is currently operating at an annual revenue run rate of Rs 50 crore. It has served more than 2 lakh customers and has built an international presence, shipping to over 20 countries, including the United States, Australia, and the United Kingdom. A significant share of its revenue comes from proprietary channels, which generate over 9 lakh monthly user sessions across its website and app.
Founded in 2020 by Aakriti Rawal and Poonam Rawal, the brand focuses on adapting chikankari craftsmanship for contemporary consumers. It works with a network of over 10,000 women artisans across India, supporting traditional craft practices while building a scalable business.
The fresh capital will be used to expand its product portfolio, strengthen its omni-channel presence with a focus on offline retail, improve working capital efficiency, and invest in team expansion and marketing. It also plans to scale its reach among global Indian consumers across key international markets.
Aakriti Rawal, Founder, House of Chikankari shared, “This fundraise marks an important step in our journey of building a brand that brings Indian craftsmanship to a wider audience while remaining relevant to today’s consumer. We will continue to invest in our ecosystem, our people, and product innovation as we scale.”
Rishabh Kant, Principal, Cap Alpha Ventures (formerly known as Client Associates Alternate Fund (CAAF)), said, “House of Chikankari has demonstrated strong execution, built solid business fundamentals with healthy unit economics, and shows a clear understanding of its consumer. We believe the brand is well-positioned to scale further and build a globally relevant business rooted in Indian craftsmanship.”
The company is targeting multi-fold growth over the next 24 months, driven by product innovation, channel expansion, and brand-building initiatives. It has also engaged in collaborations with public figures such as Soha Ali Khan, Karisma Kapoor, and Sonakshi Sinha, contributing to repeat demand and customer retention.
As it expands its footprint, House of Chikankari aims to further strengthen its artisan network and scale its presence in domestic and international markets, with Cap Alpha Ventures supporting its next phase of growth.
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{Funding Alert} Metasports Targets Global Growth With $20 Mn Funding

BY - Indian Retailer Bureau
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