MENSA BRANDS FOUNDER
Global experts, CISOs, founders to converge at Accel Cybersecurity Summit in Bengaluru on July 25
The summit comes when India's cybersecurity landscape is witnessing remarkable growth, and demand for products and services is rising at a fast clip. Accel has been operating in India since 2008. The global venture capital firm said, "Accel is set to host India's largest Cybersecurity Summit in Bengaluru,"
Ecommerce roll-up companies pause brand buyouts, seek funds for survival
Smaller startups in the ecommerce roll-up space like 10club and Upscalio have either pivoted or are looking to be acquired while bigger rivals such as Mensa Brands and FirstCry arm GlobalBees are focusing on sustainable growth of select brands from their portfolio.
Ecommerce roll-up firms in distress; how Krafton scripted BGMI return
Thrasio-style ecommerce roll-up companies such as Goat Brand Labs are struggling to survive amid an overall funding squeeze. This and more in today's ETtech Morning Dispatch.
Aditya Birla Group’s TMRW invests Rs 155 crore in menswear brand The Indian Garage Co
The men’s casualwear brand is looking to clock Rs 1,500 crore in the next five years, while focusing on expanding its sales in tier two and three cities.
Deepika Padukone chats with bosses on mental health: Kiran Mazumdar-Shaw urges biz leaders to become empathetic; Ananth Narayanan calls it invisible 'balance sheet'
Now more than ever, organisations must foster a culture where people can openly talk about mental health issues without feeling stigmatised.
Mensa Brands makes UAE ecommerce foray; eyes Saudi Arabia next
The firm houses a total of 25 brands under its umbrella across fashion, beauty, fast moving consumer goods (FMCG), and content like Villain, Pebble, Folkulture, and MyFitness. The company’s men’s lifestyle and personal care brand Villain, smart wearables brand Pebble, and home décor label Folkulture will have a presence on Amazon and regional ecommerce platform Noon in the UAE.
- Go To Page 1
Stride Ventures announces $100-million first close of new fund
The venture debt firm had also backed online vehicle service platform GoMechanic, which was offloaded recently in a distress sale. Last August, the firm had announced the final close of its second venture debt fund at $200 million.
Amazon's JV seller Appario starts shipping inventory to new merchants; India working on Big Tech regulations
ET had reported in August last year that multiple new sellers - Dawntech, Clickteck, EZ Retail, Rocket Kommerce, VRP Telematics and Cocoblu Retail - had taken the place of Cloudtail.
Good Glamm gets 90% stake in The Moms Co as founders exit
The Moms Co founders to stay on board, can divest their pending 10% stake in the next one year.
Goat Brand Labs acquires Chumbak, four other brands as D2C sector sees consolidation set in
Deal another fire sale in D2C space, investors Gaja Capital, Matrix Partners exit as part of acquisition
Mensa Brands acquires MyFitness, to make it Rs 1,000 cr brand
MyFitness is the first to launch a chocolate variant of Peanut Butter in India and the world's first crispy Peanut Butter. It is also the official snacking partner of IPL teams, Punjab Kings and Delhi Capitals.
Key takeaways from Premiere of ET Soonicorns Summit
At the premiere event for the ET Soonicorns Summit, powered by AWS, keynote speakers highlighted the strong market opportunity for Indian startups to build and scale, not just in India, but also for the world.
Beauty brand Renee Cosmetics aims to cross Rs500 crore annual revenue by 2024
The brand that started operations after the pandemic in 2020, has sales of over 2 million units and reached over 50 million consumers over the past two years.
Mensa Brands acquires homegrown smart wearable brand Pebble
Direct-to-consumer (D2C) company Mensa Brands on Tuesday said it has acquired homegrown smart wearable brand Pebble for an undisclosed sum.
Cuemath, Slice and MoEngage find warmth in winter; Aditya Birla Group enters roll-up space
Two days after reports said ShareChat was set to pick up a cool $300 million from Google and others, math tutoring platform Cuemath has raised $57 million and fintech firm Slice has bagged $50 million, which could go up to $100 million.
Shake-up looms as funding party ends for roll-up ecommerce model
Will a duopoly with two of the players, Mensa and GlobalBees, taking a disproportionate share of capital lead to a major consolidation in the highly capitalised sector
Thrasio CEO calls India a big long-term bet, to invest $500 million
Thrasio has made its first acquisition in India by purchasing a majority stake in consumer durables brand Lifelong. Lifelong cofounder Bharat Kalia will lead the operations for Thrasio in India.
Paytm founder rallies troops; D2C brands out to conquer small towns
A day after Paytm made a nightmare debut on India’s stock exchanges on Thursday, its founder and CEO Vijay Shekhar Sharma held a four-hour virtual town hall with employees.
ETtech Deals Digest: Mensa Brands is India's fastest unicorn
India minted another unicorn this week as Mensa Brands, the ecommerce roll-up firm founded by former Myntra CEO and Medlife cofounder Ananth Narayanan, entered the unicorn club.
Mensa trying to be a global tech-led house of brands, says founder of India’s fastest unicorn
“We are not just an aggregator, we are an accelerator of brands. Mensa means constellation. We are trying to build a constellation of stars. Each of our brands is a star.”
Mensa turns unicorn in six months; rollup ecommerce explained
Mensa Brands, the brand aggregator and rollup firm founded by former Myntra CEO and Medlife cofounder Ananth Narayanan, is the latest startup in India to achieve unicorn status.
Rollup ecommerce: an idea whose time has come
The largest acquirer of Amazon businesses and one of the top 25 sellers on Amazon, three-year-old Thrasio is credited with creating a whole new category of businesses -- ecommerce rollup firms.
Mensa Brands turns unicorn within six months of launch
Mensa Brands, led by former Myntra CEO Ananth Narayanan, has raised $135 million in a new funding round led by Alpha Wave Ventures along with participation of Prosus Ventures as a new investor.
What A16z’s CoinSwitch bet means; MyGlamm's Rs 500-crore acquisition
Now that Andreessen Horowitz's deal with CoinSwitch Kuber is official, we take a look at the details, and what this means for India’s startup ecosystem.
Mensa Brands takes majority stake in 10 consumer brands
Five-month-old Mensa, which is trying to build a 'tech-led house of brands' has acquired anywhere between 51% and 75% in these brands and will grow them along with their original founders.
Goat Brand Labs raises $36 million from Tiger Global, Flipkart, others
Goat Brand Labs—a Thrasio-style venture of former Flipkart executive Rishi Vasudev—has also secured debt financing of $18 million, taking the total value of the funding round to $36 million.
Glance, Collective Artists Network form JV to co-create influencer-led brands
InMobi’s content platform Glance and Collective Artists Network have formed a joint venture called Glance Collective to co-create influencer-led brands, as part of its content-plus-commerce strategy to take on TikTok and Instagram.
10club raises one of the largest seed funding rounds in India
10club, which acquires, operates and grows e-commerce first businesses, has raised $40 million from a clutch of investors, including HeyDay, at a time when Thrasio-style ventures are gaining traction in India.
ETtech Deals Digest: Logistics startups raise bigger financing rounds
Logistics and supply chain startups bagged bigger rounds this week. Meanwhile, Mensa Brands—the Thrasio-style venture of former Myntra CEO Ananth Narayanan—secured $50 million in a mix of equity and debt.
Load More
