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$100 million & counting: Brand Tendulkar shows no signs of stopping

Economic Times

Economic Times · 1m ago

Sachin Tendulkar's brand valuation has exceeded $100 million, with a portfolio of nearly 25 endorsements and a revenue surge over 40% year-on-year. Despite retiring from cricket over a decade ago, Tendulkar remains a trusted celebrity endorser, characterized by his clean public image and professionalism. His digital following of over 130 million across platforms makes him attractive to both traditional and new-age companies, securing long-term partnerships, equity investments, and new collaborations like an upcoming athleisure brand.

Related News

Startup news and updates: Daily roundup (December 20, 2024)

YourStory

YourStory · 11m ago

Startup news and updates: Daily roundup (December 20, 2024)

NueGo, an electric intercity bus service in India, has partnered with CheckMyBus, a bus travel metasearch platform. The collaboration aims to promote sustainable travel and make NueGo's network of over 100 cities accessible to global travelers. Kissht, a digital lending platform, has on-boarded Sachin Tendulkar as a strategic investor and brand ambassador to accelerate business growth. Lastly, RapidShyp, an ecommerce shipping platform, has partnered with Delhivery to improve last-mile delivery services across 18,700 pin codes in India.

Sachin Tendulkar pads up to venture out with a new sports brand

Economic Times

Economic Times · 1y ago

Legendary cricketer Sachin Tendulkar is set to launch a new sports athleisure brand in collaboration with former Swiggy Instamart head Karthik Gurumurthy. The venture is being incubated by early-stage venture fund Whiteboard Capital. The startup, called SRT10 Athleisure Pvt Ltd, aims to position itself as a rival to top brands like Nike but with affordable pricing and a focus on local manufacturing. Tendulkar will be actively involved in product development, with an initial focus on sports such as cricket and badminton. The startup is also in the process of raising capital from a top venture capital fund.

EvolutionX signs $40 mn cheque to Mensa Brands

VCCircle

VCCircle · 2y ago

EvolutionX signs $40 mn cheque to Mensa Brands

Mensa Brands, a direct-to-consumer company, has secured $40 million in funding from EvolutionX Debt Capital. The capital will be used for brand building and to enhance technology, operations, and marketing capabilities. Mensa Brands has previously raised $135 million at a valuation of over $1 billion, and has raised a total of $200 million in equity funding. The company owns and operates multiple consumer brands including Pebble, MyFitness, Dennis Lingo, and Villain. EvolutionX Debt Capital has previously invested in Lendingkart, Udaan, and API Holdings Ltd.

JioCinema signs exclusive deal with Pokemon for children's shows and movies

Livemint

Livemint · 2y ago

JioCinema signs exclusive deal with Pokemon for children's shows and movies

Reliance's entertainment unit, JioCinema, has signed an exclusive deal with The Pokemon Company, making it the exclusive platform partner for Pokemon's shows and movies in India. JioCinema aims to expand its content offerings and compete with streaming services like Disney and Netflix in the growing Indian streaming market. The deal includes dubbing the content into three Indian languages to cater to a wider audience. JioCinema plans to add around 3,000 hours of children's content, including movies and shows from various production studios.

YouTube cuts off Russell Brand's ad revenues after sexual assault allegations

Economic Times

Economic Times · 2y ago

YouTube has suspended monetization on Russell Brand's channel following allegations of sexual assault against him. Four women accused the British comedian of sexual assaults, including rape, between 2006 and 2013. Brand denied the allegations in a video message and has positioned himself on YouTube with over 6 million followers. YouTube said the suspension was due to Brand violating its creator responsibility policy, and live shows featuring him were canceled after the allegations surfaced.

Temasek-backed Country Delight eyes new PE funding

VCCircle

VCCircle · 1y ago

Temasek-backed Country Delight eyes new PE funding

Temasek-backed direct-to-consumer food brand, Country Delight, is seeking new funding, potentially in the form of its Series F financing. The Gurugram-based company, Beejapuri Dairy Pvt Ltd, plans to raise $75 million to $100 million in this round.

WROGN raises $9 Mn from Aditya Birla Digital Fashion

Entrackr

Entrackr · 1y ago

WROGN raises $9 Mn from Aditya Birla Digital Fashion

Men’s apparel brand WROGN has raised approximately Rs 75 crore (approximately $9 million) in funding from Aditya Birla Digital Fashion Ventures Ltd (ABDFVL), increasing ABDFVL’s stake in the D2C fashion brand from 17.10% to 32.84% on a fully diluted basis, as per a stock exchange filing. Earlier, in June this year, WROGN secured Rs 125 crore ($15 million) from TMRW House of Brands, an Aditya Birla Group company. This investment saw TMRW acquiring a 16% stake in WROGN, valuing the Bengaluru-based brand at around $105 million. Aditya Birla Group’s TMRW has now backed eight Indian fashion brands, including men’s casualwear brand The Indian Garage Co, casualwear Bewakoof, athleisure brand Nobero, children’s brand Nauti Nati, denim label Urbano, and casualwear brands JuneBerry and Veirdo. Founded in 2014 by siblings Anjana and Vikram Reddy, WROGN is a leading name in casual wear, offering a wide range of apparel, footwear, and accessories. Leveraging cricketer Virat Kohli’s influence, the brand has expanded its reach through exclusive brand outlets and partnerships with major e-commerce platforms. Since its inception, WROGN has raised approximately $90 million from investors like Accel, Flipkart, Virat Kohli, and Sachin Tendulkar. In November 2020, Flipkart invested an undisclosed amount in WROGN’s Series F round. Flipkart is also an investor in Hrithik Roshan’s HRX, which competes with WROGN. WROGN’s revenue from operations dropped by 29.2% to Rs 243.75 crore in FY24, down from Rs 344.3 crore in FY23. Despite implementing cost-cutting measures, the Virat Kohli-backed brand saw its losses up by 28.2%, reaching Rs 56.76 crore compared to Rs 44.26 crore in FY23, primarily due to a sharp decline in sales. According to a recent report by TMRW X Bain & Company, the fashion and lifestyle sector is India’s second-largest consumer category, valued at $110 billion, with online sales accounting for around $11 billion, or 10% of the market.

Signs of life in the technology M&A market

TechCrunch · 2y ago

Signs of life in the technology M&A market

While overall startup M&A deal volume remains subdued, there are positive signs for founders. In Q2 2023, Europe outpaced the U.S. in tech acquisitions, with 812 compared to 632 in the U.S. However, the U.S. still leads in the number of deals worth over $100 million, accounting for 41% of all such deals in the quarter. Big Tech companies, except Apple, were less active in acquisitions during this period, impacting the industry's M&A landscape. Despite this, the data suggests a more promising outlook for future M&A activity.

Exclusive: Motilal Oswal invests Rs 100 Cr in Captain Fresh

Entrackr

Entrackr · 10m ago

Exclusive: Motilal Oswal invests Rs 100 Cr in Captain Fresh

B2B seafood startup Captain Fresh has secured Rs 100 crore (approximately $12 million) in funding from Motilal Oswal Wealth Limited. This marks the second investment round for the Bengaluru-based firm this year. The board at Captain Fresh has passed a special resolution to issue 1,002 preference shares at an issue price of Rs 9,98,399 each to raise Rs 100 crore or $12 million, its regulatory filing accessed from the Registrar of Companies (RoC)shows. The new funding appears to be part of a pre-IPO round. According to media reports, the company has appointed Axis Capital and BofA as bankers for a proposed IPO worth $350-400 million.

Exclusive: A91 Partners backs Rare Rabbit in new round

Entrackr

Entrackr · 9m ago

Exclusive: A91 Partners backs Rare Rabbit in new round

New-age fashion brand House of Rare (Rare Rabbit) has secured Rs 50 crore (approximately $6 million) from its existing investor, A91 Partners. This fresh funding comes just seven months after its $18 million round. The board at House of Rare has passed a special resolution to allot 23,073 preference shares at an issue price of Rs 21,670 each to raise Rs 50 crore (approximately $6 million), its regulatory filing sourced from the Registrar of Companies shows. In January, the company raised its authorized share capital, citing the need for funds to support expansion and working capital requirements, according to a separate resolution. Following the fresh process, A91 Partners' stake in the company has been increased to 14.17% compared to 9.65% in its previous round. According to Entrackr's estimates, the funding came at a flat valuation of $279 million for the Bengaluru-based company. Rare Rabbit is a premium fashion brand known for its designer clothing for men and women. With a presence in over 100 stores across India, the brand also offers its collections through its online store. Rare Rabbit showcased a 69% revenue growth from Rs 376 crore in FY23 to Rs 636 crore in FY24. Moreover, the company's profits surged over 2X to Rs 74.6 crore in FY24, compared to Rs 32.2 crore in FY23. Rare Rabbit competes with brands like Souled Store, which raised around $30 million and achieved a revenue of Rs 355 crore in FY24. Its other competitors Snitch and WROGN also raised $13 million and $15 million in December 2023 and June respectively.

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