MAMAEARTH FUNDING

Startups in Bengaluru raised $70 million in the second week of July, a 22.5% decrease from last year. Funds were raised mostly at the seed and early stages, through 14 rounds, compared to 31 in the same period last year.

Goldman Sachs targets $35-50 million in MoEngage via secondary transaction. MoEngage, valued at $700 million in 2022 led by Goldman and B Capital, has clients including Flipkart. IFC invested in Innovaccer; Whatfix by Warburg Pincus; Icertis, SoftBa...

Varun Alagh of Mamaearth and Tracxn’s Abhishek Goyal also participated in the funding for the consumer electronics maker, which was started by Xiaomi India chief business officer Raghu Reddy.

Purplle has also announced a Employee Stock Ownership Plan (Esop) liquidity programme and will offer liquidity of Rs 50 crore to its employees. Company cofounder and CEO said they will constantly innovate their technology to provide the best for the...

Ghazal Alagh, co-founder of Mamaearth, has adopted a strategic technique inspired by Jeff Bezos, aiming to enhance decision-making at Honasa Consumer Ltd. Her method involves visualizing consumers in strategic meetings, reflecting a customer-centric...

Direct-to-consumer (D2C) skincare brand Foxtale has raised nearly Rs 150 crore in the latest funding round. It will use the capital mainly for expanding into newer categories, founder Romita Mazumdar told us. The company will foray into body care ca...

Mamaearth Share Price: Shares of Honasa Consumer, owner of Mamaearth, dropped 4% post a block deal where 66.20 lakh shares exchanged at Rs 439 each, totaling Rs 291 crore. The deal, equivalent to a 2% stake, likely saw Fireside Ventures and Sofina V...

Happy Monday! Online sales haven’t picked up during the final quarter of FY24, industry officials said. This and more in today’s ETtech Morning Dispatch.

Boba Bhai, a quick-service restaurant (QSR) brand specialising in bubble tea and other food items, said it will use the capital for its plan to expand to 100 outlets within the next 12 months. "Our goal is to expand in tier-1 cities within the next ...

The stock market regulator has greenlit coworking startup Awfis’ IPO plans. Details on this and more in today’s ETtech Top 5.

Honasa Consumer's The Derma Co achieved Rs 500 crore ARR, competing with Minimalist and Plum. Profitable in FY24 Q1-3, it surpassed Rs 350 crore in June-quarter FY24.

On International Zero Waste Day, Sachin Sharma, the founder and director of Gem Enviro Management, shared insights on India's battle against the escalating plastic crisis. Sharma discussed the imperative steps India needs to take to tackle this chal...

While FY24 saw firms from varied sectors tapping the IPO market, BFSI had a limited presence, with just Rs 9,655 crore being raised by companies from this sector. This accounts for about 18% of the total IPO fundraising, compared with 51% in FY23.

Foxtale Consumer last raised $4 million in 2022 from Matrix Partners and Kae Capital.

According to a report from Blume, startups which are not seeing a lot of interest from growth investors, or hitting a growth ceiling and ‘feel better to build profitably than burn for growth’ should be exploring IPOs.

Mokobara's existing backers Sauce VC and Saama Capital have also participated in the Series B funding round. Peak XV invested around $9.4 million of the $12 million raised by Mokobara.

Bengaluru-based startup Supertails will use the funds for offline expansion, scaling up products, acquiring new customers and expanding its healthcare service, Supertails Pharmacy. The company plans to launch trial stores in a mix of metropolitan an...

Shinjini Kumar, a former Bank of America and PricewaterhouseCoopers (PwC) executive, resigned from the payments bank’s board in December, we have learnt. Manju Agarwal, former deputy managing director at State Bank of India, has also quit.

Stellaris Ventures has offloaded 32.17 lakh shares or 1% stake in Mamaearth at Rs 437 apiece, according to the exchange data. Through the stake sale, Stellaris bagged Rs 140.6 crore. It was unclear who the buyers were in the transaction. The stock w...