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News on Medial
Performax to expand footprint to 20k stores by 2025
Livemint
·
1y ago
Medial
Reliance Retail's value sportswear brand, Performax, aims to expand its business fivefold by 2025, positioning itself as a competitor to Puma and Reebok. Performax has signed a multi-year agreement with the All India Football Federation to be the official kit and merchandise sponsor for Indian football teams. It plans to make its products available in at least 20,000 retail points across India. With a focus on affordability and grassroots sports sponsorship, Performax aims to capture a wider market share in India's sports and active wear segment.
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Peak XV Leads $12 Mn Funding In Luggage Brand Mokobara
Inc42
·
1y ago
Medial
Bengaluru-based luggage and travel accessories brand Mokobara has raised $12 million in a funding round led by Peak XV Partners, valuing the startup at $80 million. Founded in 2019, Mokobara offers a range of products online and through marketplaces such as Amazon and Flipkart. The fresh funds will be used to expand its retail footprint, with plans to open 25 more stores by April. The growing direct-to-consumer (D2C) market in India is projected to reach $100 billion by 2025 and account for 75% of the $400 billion ecommerce market opportunity by 2030.
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Footwear brand Inc.5 raises maiden institutional funding of $10 million
Economic Times
·
1y ago
Medial
Legacy footwear brand Inc.5 Shoes has secured its first venture funding of $10 million in a round led by Carpediem Capital, with participation from Param Capital and P3 Venture Fund. The Mumbai-based company, operating 74 stores and selling through online channels, plans to use the funds to expand its store and warehousing footprint, add new product categories, and strengthen its senior leadership. Inc.5 aims to have 100 stores by March 2024 and is looking to increase its warehousing capacity by over 25,000 square feet.
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Flipkart Minutes to expand dark store network to 800 by 2025-end: CEO Kalyan Krishnamurthy
Economic Times
·
4m ago
Medial
Flipkart's quick commerce unit, Minutes, plans to expand its network to 800 dark stores by the end of 2025, revealed CEO Kalyan Krishnamurthy. As of now, Minutes operates close to 300 stores, aiming to enhance its position in the competitive rapid-delivery market, dominated by Zepto, Swiggy Instamart, and Blinkit. The success of this venture relies heavily on a scalable and reliable supply chain, as dark stores enable fast delivery of a wide range of products.
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Fine jewellery brand GIVA raises Rs 530 Cr in Series C funding led by Creaegis
YourStory
·
1m ago
Medial
Fine jewellery brand GIVA secured Rs 530 crore in a Series C funding round led by Creaegis, with continued support from existing investors. The funds will help expand GIVA's retail and digital presence, enhance its tech-enabled supply chain, and broaden its lab-grown diamond offerings. Founded in 2019, GIVA plans to open 145-150 new stores in Tier II cities this year. The brand aims to grow its omnichannel footprint and enhance its product offerings.
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The Sleep Company raises Rs 480 crore in funding led by ChrysCapital, 360 One Asset - The Economic Times
Economic Times
·
4d ago
Medial
The Sleep Company has secured Rs 480 crore in a funding round led by ChrysCapital and 360 One Asset, involving both primary and secondary investments. Early backer Fireside Ventures partially exited through secondary share sales. The company aims to expand its retail footprint by adding 130-150 stores in the next two years, enhancing its presence in metro and tier-II cities. The funding also supports team development and omnichannel strategy expansion. The Sleep Company achieved an annualized revenue run rate of Rs 750 crore.
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Pharmacy startup Zeno Health raises $25 million in funding round led by STIC Investments
Economic Times
·
1y ago
Medial
Zeno Health, a pharmacy chain focused on generic medicine, has raised $25 million in a Series C funding round led by STIC Investments. Existing investor Lightbox Ventures also participated. The Mumbai-based company, formerly known as Generico, primarily sells generic medicines and operates a franchise pharmacy network called Zeno Health. The funding will be used to expand the company's consumer base and footprint, as well as enhance its technological infrastructure. Zeno Health currently operates 180 stores and serves 2.5 million consumers.
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Bakingo raises $16 million from Faering Capital
Economic Times
·
1y ago
Medial
Online bakery product seller Bakingo has raised its first-ever round of growth capital of $16 million from private equity firm Faering Capital. The investment will be used to expand Bakingo's distribution footprint by opening 75 dark kitchens, entering 10 new cities, and opening exclusive brand stores. Bakingo currently operates in 13 cities in India and plans to add another 10 cities in the next two years. The funding will also be used to invest in technology to enhance production, supply chain, and forecasting capabilities.
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Lightbox-backed Zeno Health pockets Series C cheque from South Korean PE firm
VCCircle
·
1y ago
Medial
Mumbai-based healthtech startup Zeno Health has raised $25 million in a Series C funding round led by South Korean private equity firm STIC Investments, with participation from existing investor Lightbox. Zeno Health plans to use the funds to expand its consumer outreach, extend its geographical footprint, and enhance its technological infrastructure. The company, founded in 2017, operates omnichannel stores and micro-franchises, and the investment will support its growth plans. STIC Investments, with $6.3 billion under management, has invested in various sectors and also counts Dunzo among its India portfolio companies.
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Titan plans to add 14 more Tanishq stores by the end of FY24
Thehindubusinessline
·
1y ago
Medial
Titan Company, a leading Indian jewellery retailer, aims to expand its Tanishq brand with the addition of 14 stores by the end of FY24. Additionally, the company plans to expand internationally and open around 50 jewellery stores by FY27. Currently, Titan has over 410 Tanishq stores in India and 14 stores globally. The company is also looking to add 7 more stores to its Zoya brand by FY25. The CFO of Titan Company, Ashok Sonthalia, highlighted the importance of maintaining quality and customer experience while expanding their store network.
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New-age travel accessories platform Escape Plan raises $5 million from Jungle Ventures, Fireside Ventures - The Economic Times
Economic Times
·
19d ago
Medial
Escape Plan, a Bengaluru-based travel accessories company, raised $5 million in a funding round led by Jungle Ventures and Fireside Ventures. Launched in May 2025, the company sells a variety of travel bags and accessories. The funds will be used to expand retail presence, acquire customers, and introduce quick commerce services. Founders Abhinav Pathak and Abhinav Zutshi aim to solve travel needs locally and globally, planning to expand to over 100 stores in 18-24 months.
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