Oct 07, 2021 07:59 PM IST
"Today D2C beauty brands like us are growing and have this amazing opportunity because of all the hard work that Nykaa did over the last 5-7 years ensuring that consumers buy beauty online," says Sanghvi.
- Oct 04, 2021 08:08 AM IST
Amid an epic funding boom, former Myntra CEO Ananth Narayanan's Mensa Brands could be India's fastest unicorn- zero to a billion dollars in barely six months
- Aug 02, 2021 08:00 AM IST
Former Myntra CEO Ananth Narayanan's newest venture Mensa Brands is in talks to raise money from Tiger Global, valuing the few-months-old upstart at over $400 million. Tiger partner Scott Shleifer is an angel investor in Mensa although Tiger itself has backed GOAT Brand Labs, a direct competitor to Mensa.
- Jul 19, 2021 05:19 PM IST
Another Thrasio-style startup had raised India's largest ever Series A round
- Jun 29, 2021 02:42 PM IST
The large round is the result of the hype around the e-commerce roll-up space—building a house of online brands—due to US-based unicorn Thrasio, which pioneered the model and has been a breakout success.
- Jun 11, 2021 08:19 AM IST
Three-year-old Thrasio had $500 million revenue and $100 million in profit last year. Now, Indian investors are investing nearly $300 million in the first funding rounds of Thrasio's India equivalents. Moneycontrol decodes the stakes involved, challenges, opportunities and what's next for them.
- May 31, 2021 02:42 PM IST
Structured on the model of Thrasio, Mensa plans to partner and invest in digital-first brands and scale them exponentially.