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News on Medial
Honasa buys Cosmogenesis Labs to strengthen its R&D capabilities
Inshorts
·
1y ago
Medial
Honasa Consumer Ltd., the parent company of well-known personal care brands like Mamaearth, The Derma Co., Aqualogica, and Dr Sheth's, recently announced a strategic acquisition of CosmoGenesis Labs' assets. Founded in 2011, CosmoGenesis is a notable player in cosmetic formulation and development within the premium skincare sector.
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Honasa Consumer acquires Cosmogenesis Labs for Rs 4 crore
Economic Times
·
1y ago
Medial
Honasa Consumer, the parent company of Mamaearth beauty and personal care brand, has announced the acquisition of Cosmogenesis Laboratories, a research and development platform specializing in natural and organic cosmetics. The deal, valued at Rs 4 crore, is expected to be completed in the next four to six weeks. The acquisition will enhance Honasa's R&D capabilities and product development expertise, enabling them to deliver innovative and quality products to consumers. Cosmogenesis founder Rohini Manoj will join Honasa as Vice President of R&D. Honasa Consumer currently operates seven brands, including Mamaearth and Dr Sheth's.
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MamaEarth’s parent Honasa Consumer appoints Kaustav Guha as VP of R&D
Entrackr
·
9m ago
Medial
Honasa Consumer, which operates brands like Mamaearth, The Dream Co., Aqualogica, Bblunt, and Dr. Sheth, has appointed Kaustav Guha as Vice President of Research & Development at the Gurugram-based company. In this role, Guha will strengthen the company’s R&D capabilities and drive product innovation. He will be responsible for developing new technologies that enhance formulations and products across Honasa’s diverse portfolio of purpose-driven brands, the company stated in a press release. Additionally, he will bolster Honasa’s offerings of natural and sustainable formulations, advancing the company’s commitment to delivering safe, effective, and sustainable beauty and personal care products. Kaustav Guha brings over a decade of experience in the beauty and personal care space, having led product development at both global and Indian brands, including L’Oréal and Marico. Honasa expects that his expertise in product formulations will significantly contribute to its continued growth and efforts to empower the Indian beauty and personal care sector. According to Honasa, this move will complement its aim to push the boundaries of research and development in the Indian beauty and wellness industry. Earlier this year, in May, the company acquired CosmoGenesis Labs, a cosmetic formulation and development company specializing in premium skincare solutions. The company claims that the acquisition strengthened its expertise in research and development and empowered the brand to explore new sub-categories, delivering exceptional value to its customers. Honasa has more than 100,000 FMCG retail locations and an omni-channel distribution network that covers more than 18,000 pin codes in India, making its products accessible to customers in over 700 districts across the country.
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Ericsson to add 150+ R&D roles in Bengaluru to boost chip design for 5G networks
Economic Times
·
1m ago
Medial
Ericsson is expanding its R&D team in Bengaluru by over 150 positions to boost its Application-Specific Integrated Circuit (ASIC) development. This expansion aims to enhance the company's capabilities in semiconductor design, specifically focusing on Ericsson Silicon's System on Chips (SoC) for 5G networks. The move aligns with Ericsson's commitment to leverage local tech competence and strengthen India's semiconductor ecosystem. The company invests $5 billion annually in R&D but did not specify investments for this expansion.
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Bold Care, four others snag funding; KiranaPro buys hyperlocal delivery app
VCCircle
·
5m ago
Medial
Bold Care, a sexual health startup, has raised $5 million in Series A funding to enhance R&D and expand offerings across digital platforms. The Energy Company secured $2 million for EV battery development, while Honest Home captured $800,000 to scale operations. AI-driven Markytics.AI raised $500,000 for product development, and Croft Beverages secured $125,000 to support tea farmers. Meanwhile, quick commerce startup KiranaPro acquired the hyperlocal grocery delivery platform Joper.app to boost its capabilities.
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Honasa Consumer elevates Vipul Maheshwari to senior vice president, product and data analytics
Economic Times
·
8m ago
Medial
Parent company of Mamaearth, Honasa Consumer, has promoted Vipul Maheshwari to the role of Senior Vice President of Product and Data Analytics. With expertise in analytics and data science, Maheshwari will lead the integration of advanced analytics for product development as the company focuses on data-driven innovation. The promotion comes alongside a decline in Honasa's operating revenue in the September quarter and the recent appointment of Kaustav Guha as Vice President of Research & Development to bolster R&D capabilities. Honasa owns multiple beauty and personal care brands including Mamaearth, The Derma Co, and Dr Sheth's.
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Eight Roads Ventures, F-Prime investing $14 mn in Laurus Labs unit
VCCircle
·
8m ago
Medial
Indian pharmaceutical company Laurus Labs is securing equity funding of INR 120 crore ($14.2 million) from global venture capital firm Eight Roads Ventures and F-Prime Capital for its biotech unit, Laurus Bio. Laurus Labs will also invest an additional INR 40 crore in the unit. The investment will support Laurus Bio's expansion of fermentation-based manufacturing capabilities and drive growth opportunities in manufacturing and R&D infrastructure. Following the transaction, Laurus Labs, Eight Roads Ventures, and the promoters of Laurus Bio will hold stakes of 75%, 14%, and 9%, respectively. Laurus Labs entered the biotech sector in 2020 through acquiring a majority stake in Richcore Lifesciences, later renamed Laurus Bio.
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Bain-controlled Novopor acquires US-based specialty chemicals company
VCCircle
·
3m ago
Medial
Bain-controlled Novopor Advanced Science Pvt Ltd has acquired US-based Pressure Chemical Company, a specialist in high-pressure and specialty chemistry services. This acquisition aligns with Novopor's strategy to establish an integrated specialty chemicals platform, enhancing its facilities and technical capabilities. Originally Porus Labs, Novopor collaborates with global clients across various sectors and operates R&D centres in India. Despite a revenue decline, Novopor achieved profitability in FY24 under Bain Capital's majority ownership.
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India rising as Big Tech breaks bank for AI talent - The Economic Times
Economic Times
·
1m ago
Medial
India is becoming an attractive destination for AI jobs due to its cost-effectiveness compared to global salaries, which are rising due to demand for AI talent in companies like Meta. Although Indian AI professionals earn significantly less than their US counterparts, India offers a favorable cost-quality balance. However, to strengthen its position, India must enhance its high-end AI R&D capabilities and invest in upskilling to foster innovation and compete globally.
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KPIT CEO calls for increased R&D, deeptech investments - The Economic Times
Economic Times
·
1m ago
Medial
KPIT CEO Kishor Patil emphasizes the need for India to boost R&D investment, foster deeptech innovation, and enhance export quality to compete globally in the automotive sector. He cites India’s potential amidst geopolitical shifts and advocates for increased government support. KPIT has ramped up its R&D spending and expanded globally, notably acquiring Caresoft Global Technologies to strengthen its position in the off-highway commercial vehicle segment and enter the China market.
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Govt launches Digital India Future Labs for R&D in automotive, compute, other areas
Economic Times
·
1y ago
Medial
The Indian government has launched Digital India Future Labs, an initiative aimed at strengthening research and development (R&D) and innovation in areas such as automotive, computing, communication, strategic electronics, industrial electronics, and the Internet of Things (IoT). The labs will serve as a platform for partnerships and strategic direction, with funding coming from the Ministry of Electronics and Information Technology's R&D budget, as well as other sources. The Centre for Development of Advanced Computing (C-DAC) will oversee the development of the plan and guidelines for startups and private sector companies.
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