The Good Glamm Group expects a revenue run rate of Rs 100 crore in the next one year from this new men’s grooming category.
With this, the beauty and personal care unicorn will increase its stake to 100 percent in both brands. The company has started consolidating acquired businesses as it eyes profitability by FY24.
The startup has raised the amount in its Series D funding round. The company also said it was operationally profitable, terming itself a ‘proficorn’.
The funds will be used for new brand acquisitions as well as brand growth, including product development, supply chain integration, and working capital investment, the company said in a statement.
G.O.A.T Brand Labs, a roll-up e-commerce startup, plans to make Chumbak a Rs 500 crore brand by 2025
Several packaged consumer goods makers have acquired D2C startups in 2022 or looking to invest. Marico, for instance, has acquired male grooming company Beardo, beauty brand JustHerbs and breakfast and snacks maker True Elements.
The brand aims to reach 100 million people over the next year by driving awareness digitally and leveraging HUL’s capabilities
Tweak India, based in Mumbai, will operate under Good Media Co, led by Priyanka Gill, co-founder of the Good Glamm Group and CEO of Good Media Co.
The eyewear retailer’s total expenses stood at Rs 1,726 crore in FY22 which rose from Rs 998 crore, an increase of over 72 percent.
The company, said sources close to the development, plans to use the funds for expanding its product portfolio.
In FY22, the company spent Rs 391 crore on advertising, while its cost of materials and employee benefit expenses increased to Rs 281 crore and nearly Rs 79 crore, respectively.
The company plans to utilise the funding towards expanding its retail presence and strengthening the team to build a global business
Fireside Ventures is the latest VC firm to raise a large India-dedicated fund, joining the likes of Sequoia Capital, Accel, Elevation Capital and Matrix Partners
India’s plant-based meat sector is expected to grow to $400 million over the next two years and there are more than 200 such meat, dairy, egg and ingredient startups in the country, Plant Based Foods Industry Association has said
In a statement, the VC firm said its maiden fund will invest in cleantech, fintech, deeptech, agritech, proptech, SaaS, digital media, direct to consumer, spacetech, defence, and logistics and supply chain.
The firm faced a storm of resistance from VCs, or 'vegetarian capitalists,’ as the founders called them. Licious co-founder Abhay Hanjura says that meat continues to be carried surreptitiously in black plastic bags, like sanitary pads, condoms, and alcohol, even though a majority of Indians consume meat.
Over the years, consumers have mostly relied on local butcher shops for meat and fish. But, in recent years, with online meat players entering the space, millions of consumers have started ordering online. Licious has been a key changemaker for this behavioural shift. In this video, we will take you behind the scenes of how the package is finally delivered after you place the order online..
This category became popular during the pandemic as people were working from home and did not have time to cook. It currently contributes 15-17% of Licious’ revenue and this is expected to increase.
Electronic items, along with direct-to-consumer (D2C) brands, affected the most. D2C brands also grappling with supply-chain issues as costs increase, say experts.
TBD clocked sales of Rs 30 crore in 2021-22, with over 3 lakh orders month on month. It has also been EBITDA positive for the last two years.
While it is not interested in acquisitions, Wipro Consumer Care has been funding startups through its venture investment arm
The Bengaluru-based startup competes with Rebel Foods, Biryani by Kilo, and EatClub (formerly known as Box8), which are at the forefront of this industry, and are building house of food brands.
Stagnating growth, customer-acquisition challenges and intense competition, combined with a sharp decline in funding, forcing companies to conserve cash, have given the industry a reality check
Notably, this is L Catterton’s first deal in India, after it hired Anjana Sasidharan from Sequoia Capital India to head investments in India and Southeast Asia last year
Marico’s other bets on the D2C segment include male grooming brand Beardo and organic beauty brand Just Herbs.