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News on Medial
How Mother Sparsh was valued as ITC buys the D2C label
VCCircle
·
3m ago
Medial
ITC Ltd is acquiring the remaining 73.5% stake in Mother Sparsh Baby Care Pvt. Ltd., a direct-to-consumer company specializing in premium ayurvedic and natural baby care products. The consumer goods and hospitality giant, headquartered in Kolkata, initially invested Rs 20 crore in Mother Sparsh during its Series A funding round. This acquisition strengthens ITC’s portfolio in the D2C market while boosting its position in the baby care segment.
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How VC-backed Vilcart plans to become the ITC and HUL of rural areas
VCCircle
·
1y ago
Medial
Vilcart Solutions Pvt. Ltd, a rural e-commerce startup, aims to expand its private label business and form partnerships with more contract manufacturers to increase revenue and achieve operating profits in the current financial year. The company aims to become the ITC and HUL of rural areas.
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SaaS unicorn BrowerStack buys bug reporting tool Bird Eats Bug
VCCircle
·
11m ago
Medial
Software-as-a-service company BrowserStack has acquired bug reporting tool Bird Eats Bug, as part of its plan to provide developers and quality assurance teams with a unified testing experience. The deal, the financial terms of which were not disclosed, will allow BrowserStack to integrate Bird Eats Bug's bug-reporting capabilities into its platform, streamlining workflows and increasing productivity. BrowserStack offers a cloud platform that allows developers to test websites and mobile applications, and was last valued at about $4bn in 2021. Bird Eats Bug's features include screen recording and auto-captured technical logs.
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Former cricketer Sachin Tendulkar buys FirstCry shares ahead of IPO launch: Report
IndianStartupNews
·
1y ago
Medial
Former cricketer Sachin Tendulkar's office and TVS Group are among the investors who have acquired shares in FirstCry, the mother and childcare e-commerce platform. This comes as Softbank Vision Fund, the largest shareholder, reduces its stake below 25% in preparation for FirstCry's IPO. The IPO aims to raise $500 million and could have a significant impact on the Indian stock market. Other new investors in FirstCry include Ravi Modi, Kris Gopalakrishnan, and the TVS and DSP family offices.
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Announcing The D2C Retreat – Unlocking India’s Consumption Story
Inc42
·
1y ago
Medial
India's retail industry is experiencing a significant transformation, driven by a growing desire for premium products. Consumers are trading up their preferences, leading to a surge in premiumisation across both urban and rural markets. Inc42, a leading platform in shaping India's direct-to-consumer (D2C) narrative, is launching The D2C Retreat. This exclusive three-day conference aims to bring together D2C founders, retail leaders, and industry experts to discuss emerging trends, share insights, and drive innovation in the Indian retail space. The rise of premium offerings is evident, with big players like Hindustan Unilever, ITC, and Parle launching a considerable percentage of premium products in recent years.
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ICICI Lombard buys stake worth ₹563 crore in ITC and Axis Bank
Livemint
·
9m ago
Medial
ICICI Lombard has acquired a stake worth ₹563 crore in ITC and Axis Bank, according to the latest updates on Companies News Today. Stay informed about financial performance and market shifts, including strategic acquisitions and leadership changes, that are shaping various industries. The platform provides detailed insights on mergers, acquisitions, and financial results.
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Power shoppers tripled in 2024 to 1.7 million: GoKwik
Economic Times
·
7m ago
Medial
GoKwik reports a threefold increase in power shoppers in 2024, reaching 1.7 million. These shoppers, placing over five orders annually, contributed over 10% of the total D2C gross merchandise value. The rise highlights India's maturing D2C market, with increased shopper trust. Power shoppers spent an average of Rs 1,215, often on premium products, and favored niche and private label items across categories like beauty, fashion, and healthcare. Credit-based payments and varied options are influencing this growth.
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Walmart buys out $1.4 billion stake in Flipkart from Tiger Global
Reuters
·
2y ago
Medial
Walmart has acquired Tiger Global's stake in Flipkart for $1.4 billion, leading to a valuation of $35 billion for the Indian e-commerce company. Previously valued at nearly $38 billion in 2021, Flipkart's valuation was adjusted internally after its separation from PhonePe. In 2018, Walmart had purchased a 77% stake in Flipkart for $16 billion.
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Supply chain group buys retail tech startup Arzooo’s assets in distress deal
Economic Times
·
8m ago
Medial
Distribution and supply chain company Moksha Group has acquired the assets of B2B consumer electronics startup Arzooo. Details of the deal were not disclosed. Arzooo had struggled to raise capital or merge with larger rivals. As part of the acquisition, Moksha Group will take over Arzooo's technology platform, intellectual property assets, trademarks and private label brand. The sale is expected to result in existing equity backers of Arzooo writing off their investments. Moksha Group has appointed former Cloudtail and Amazon executive Rehan Shaikh as the CEO of Arzooo.
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BAT mulls sale of some stake in ITC
VCCircle
·
1y ago
Medial
British American Tobacco (BAT) is considering selling a portion of its shareholding in Indian company ITC through an on-market block trade. BAT had previously announced plans to reduce its 29% stake in ITC, which operates in various sectors including consumer goods and hotels. The potential sale of $2 billion to $3 billion in ITC stock could allow BAT to pay down debt and resume share buybacks. The stake sale may begin as early as this week, according to sources. ITC has not yet responded to requests for comment.
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Shark Tank India cracks down on startups using show clips
YourStory
·
1y ago
Medial
Shark Tank India has sent legal notices to several startups for using clips from their pitches on the show for online ads. The incident first came to light after Dorje Teas Founder Sparsh Agarwal, who pitched on the show, put up a post on LinkedIn saying the move from Sony Pictures Networks India was in a bad vein.
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