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ANNY raises Rs 10 Cr in pre-Series A round led by Atomic Capital

EntrackrEntrackr Ā· 13d ago
ANNY raises Rs 10 Cr in pre-Series A round led by Atomic Capital
Medial

Fashion-tech brand ANNY has raised Rs 10 crore in a pre-Series A funding round led by Atomic Capital. The proceeds will be used to expand product categories, drive innovation, enhance proprietary tech stack, hire key leadership talent, and strengthen distribution channels, ANNY said in a press release. Co-founded in 2023 by Japjot Singh, Aveen Kaur, and Rahul Tanwar, ANNY is a multi-category accessible luxury fashion brand that aims to transform the way modern Indian women experience fashion. Built on a real-time, inventory-light model, it delivers globally inspired, high-quality fashion at accessible prices. With a vertically integrated supply chain and a proprietary tech stack, ANNY says that it ensures speed, efficiency, and customer delight at every step. The startup aims to become the go-to fashion destination for women across India by combining agility, innovation, and a deep understanding of style and culture. ā€œOur vertically integrated model, coupled with real-time trend responsiveness, allows us to minimize inventory risk and maximize consumer joy. With Atomic Capitalā€™s backing, weā€™re not just scaling faster, weā€™re scaling smarter. This investment fuels our ambition to become over Rs 100 crore ARR brand by next year and drive a true movement in Indiaā€™s fashion-tech landscape,ā€ said Japjot Singh, founder and CEO of ANNY. Over a year, the brand claims to have scaled 8X, driven by a vertically integrated model, trend-led design, and deep consumer insight. Now expanding into new categories, it aspires to redefine how Indian women discover and shop fashion-forward, smart, and effortlessly stylish.

With ā€˜Founder Mode,ā€™ Silicon Valley makes micromanaging cool

LivemintLivemint Ā· 10m ago
With ā€˜Founder Mode,ā€™ Silicon Valley makes micromanaging cool
Medial

Paul Graham, co-founder of Y Combinator, has coined the term "Founder Mode", referring to the unique abilities and relationship that entrepreneurs have with their companies. It challenges the conventional wisdom that outside managers are needed to scale a startup, arguing that founders can accomplish things that professional managers cannot. The concept has gained support from tech leaders like Elon Musk and Brian Chesky, who emphasize the deep passion, permission to make necessary changes, and understanding of the company's origin that founders possess. However, some argue that execution is ultimately what matters, and experienced managers may outperform founders in scaling a business.

OYO elevates Sonal Sinha as CEO of G6 Hospitality

EntrackrEntrackr Ā· 4m ago
OYO elevates Sonal Sinha as CEO of G6 Hospitality
Medial

OYO elevates Sonal Sinha as CEO of G6 Hospitality Global travel-tech company OYO has elevated Sonal Sinha to Chief Executive Officer of G6 Hospitality, the American motel company it recently acquired from Blackstone Real Estate. The acquisition, completed in December last year, added 1,500 franchised hotels across the US and Canada to OYO's portfolio, significantly expanding its North American presence. The combined entity is projected to generate a Gross Booking Value of approximately $3 billion, with G6 Hospitalityā€”which operates the popular Motel 6 and Studio 6 brandsā€”contributing $1.7 billion. The integration of G6ā€™s portfolio with OYO's existing operations is expected to create significant synergies and accelerate growth across international markets. Sinha joined OYO in 2015 and has since made a substantial impact across various finance functions. As Chief Financial Officer ā€“ International Business, he led initiatives to enhance business margins and established critical financial control frameworks, including tax, accounting, and reconciliation. He will continue to report to Gautam Swaroop, CEO ā€“ International, OYO. These leadership changes reflect OYOā€™s continued focus on strengthening its international presence while building a more responsive organization. ā€œSonal has been instrumental in driving OYOā€™s international business to new heights,ā€ said OYO Founder & Group CEO Ritesh Agarwal. ā€œHis deep understanding of our operations and proven track record of enhancing business performance make him the ideal leader to spearhead G6 Hospitality while maintaining the strong momentum of our global business.ā€ Sinhaā€™s appointment comes as OYO sharpens its focus on creating memorable guest experiences while empowering hotel owners with the tools they need to thrive in todayā€™s competitive market. The integration aims to blend OYOā€™s tech-forward approach with G6ā€™s established market presence, creating a hospitality offering that resonates with both hotel partners and guests.

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