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Vikas Khemani’s Carnelian invests $15 Mn in Kimirica

EntrackrEntrackr · 3m ago
Vikas Khemani’s Carnelian invests $15 Mn in Kimirica
Medial

Vikas Khemani’s Carnelian invests $15 Mn in Kimirica Carnelian Asset Management LLP, led by market veteran Vikas Khemani, has invested around $15 million in luxury vegan self-care brand Kimirica. This partnership backs both wings of the business: Kimirica Hunter (KH), the manufacturer of hotel amenities, and Kimirica Lifestyle (KL), a D2C luxury beauty brand. The proceeds will be used to scale its omnichannel retail presence, and bring self-care experience to more consumers, Kimirica said in a press release. Launched in 2013 by Mohit, Rajat, Kimi, and Rica Jain, Kimirica began as a bootstrapped startup determined to disrupt an import-heavy industry where 90% of hotel toiletries came from China. A decade later, Kimirica has brought that number down to almost zero. Today, it exports to over 70 countries and partners with more than 10,000 luxury hotels and airlines, including Marriott, Hilton, Hyatt, Accor, Leela, and Air India. Kimirica has now expanded into the D2C retail space. A vegan, cruelty-free, and fair-trade-certified company, its portfolio covers skincare, body care, fine fragrances, luxury gifting, and home & wellness. Kimirica claims that it leads the gifting and bath & body segments, and sells products on Nykaa, Amazon, Tira, and quick commerce platforms. Its retail footprint is growing rapidly, with over 10 new experiential stores set to open across India and the Middle East. The brand continues to expand into high-growth categories: from fine fragrances to its latest men's grooming line, The Gentleman.

Zerodha invests $5 Mn in Tijori

EntrackrEntrackr · 11d ago
Zerodha invests $5 Mn in Tijori
Medial

Zerodha invests $5 Mn in Tijori Zerodha has invested $5 million in stock analytics startup Tijori Finance as the brokerage looks to expand its presence in the enterprise segment. Zerodha has pumped $5 million into stock analytics platform Tijori Finance as the Bengaluru-based startup gears up to sharpen its enterprise play and widen its footprint among institutional investors. The deal also deepens Zerodha’s existing partnership with Tijori, which already powers stock analysis for the brokerage’s flagship trading app Kite. According to Tijori founder Siddharth Hegde, the fresh capital will be channeled toward building new tools, scaling server infrastructure and expanding its team. “We have 15,000 paid subscribers at the moment, and this partnership with Zerodha will help strengthen the number in the coming months,” Hegde told Entrackr. While Tijori has largely been a retail-facing platform since its launch in 2016, offering stock research to individual investors for about Rs 500 per month, the company is now accelerating efforts to tap enterprises such as mutual funds, insurers, and asset managers. Subscription pricing for enterprise clients goes up to Rs 5,000. Hegde said that nearly 70% of Tijori’s upcoming product roadmap is now aimed squarely at institutional users, with the remaining 30% reserved for retail investors. A major part of this push is its upcoming AI-driven tool Call Monitor, designed specifically for enterprise customers. The feature automatically generates summaries of quarterly earnings calls within minutes, compressing what is typically a 24–48 hour delay, and flags inconsistencies or contradictions in management commentary and regulatory filings, giving investors an early edge. For retail users, Tijori’s AI-powered Alerts tool delivers real-time updates on WhatsApp, offering instant notifications on corporate filings, results, and other market-moving developments. The company is also deepening its data stack as it eyes a larger enterprise footprint. Tijori said it is aggregating regulatory filings, investor presentations, supply chain data, raw material trends and historic financials to build a more comprehensive intelligence layer for both retail and institutional customers. With Zerodha’s strategic backing and a sharpened enterprise focus, Tijori is positioning itself as a key data intelligence player in India’s fast-evolving public markets ecosystem.

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