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Shilpa Shetty ventures into kids clothing space with Zip Zap Zoop
Inc42
ยท
1y ago
Medial
Shilpa Shetty Kundra has partnered with Ashmika Sadh to launch Zip Zap Zoop, a kids' and teenagers' clothing line aiming to redefine the industry landscape. The brand's collection primarily consists of sustainable fabrics like organic cotton and recycled polyester, with a focus on reducing environmental impact. With 500 styles covering ages 0-19, Zip Zap Zoop aims to make choices easy for parents and kids while generating employment opportunities. The Indian kids apparel market is expected to reach $24.5 billion by 2028, making it an attractive sector for growth.
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Related News
A start-up that has a Shark Tank and Shilpa Shetty connection
Business Today
ยท
2y ago
Medial
Shilpa Shetty is a celebrity synonymous with fitness and healthy lifestyle. So, it didnโt come as a surprise when, a couple of months back, she chose to invest โ and also become a brand ambassador -- in WickedGud, a start-up that was also featured in the grand finale episode of the second season of the hugely-popular Shark Tank show.
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Startup news and updates: Daily roundup (September 16, 2024)
YourStory
ยท
10m ago
Medial
Venttup, a startup focused on Indigenisation Program Management, has raised seed funding from Unicorn India Ventures. The capital will be used to accelerate business growth and technology development. Venttup aims to unite manufacturing MSMEs on a single digital platform to transform India into a global manufacturing hub. Alpino, a healthy foods brand, has welcomed Bollywood actress Shilpa Shetty as its brand ambassador and key investor. The company raised $1.2 million in funding and plans to launch over 20 new products in the next two years. IIMA Ventures has launched Growth Accelerator 2.0 to support 15 SMEs and family businesses for strategic growth and innovation. Deepika Padukone, the renowned actress, has joined KRAFTON India as the brand ambassador for BGMI (BATTLEGROUNDS MOBILE INDIA). She will be featured as a playable character in the game.
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Alpino ropes in Shilpa Shetty as investor, Venttup bags early-stage funding
VCCircle
ยท
10m ago
Medial
Healthy foods brand Alpino has raised $1.2 million in its first funding round, with Bollywood actor Shilpa Shetty joining as an investor and brand ambassador. The funds will be used to expand Alpino's offline presence, drive international growth, and support product innovation. Alpino, which is already a top seller on e-commerce platforms in India, aims to become a Rs 500-crore ($67 million) brand within the next two years. In another development, Manufacturing as a Service (MaaS) startup Venttup has raised undisclosed seed funding from Unicorn India Ventures to fuel business growth and technology development. Venttup offers localized production and plans to enter international markets.
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Ixigo set to acquire 51% stake in train food delivery firm Zoop
Entrackr
ยท
9m ago
Medial
Travel booking platform Ixigo is all set to acquire a majority stake in Zoop Web Services Private Limited. The board of directors at Ixigo approved the acquisition during a meeting held on October 24, 2024. The deal involves Ixigo purchasing a 51% stake in Zoop for a total consideration of Rs 12.54 crore, which includes a non-compete fee. This transaction is subject to the fulfillment of certain conditions, as outlined in the definitive agreements signed by both companies. The acquisition will be executed through a combination of secondary and primary share purchases. Zoop is known for providing e-catering and other solutions for the railway ecosystem. By integrating Zoopโs offerings into its platform, Ixigo aims to provide a more comprehensive travel experience to its users. This acquisition makes sense for Ixigo as 53% of its revenue collected in Q2 FY25 came from the train vertical. Zoop offers meal bookings, PNR status checks, and other railway-related services. It operates across 18 states and provides services at 192 railway stations. The company partners with nearly 400 active restaurants. In addition to acquiring the majority stake, Ixigo has secured an option to purchase the remaining 49% stake in Zoop in the future. This is the third major acquisition for Ixigo. In February 2021, it acquired a 100% stake in the train booking app Confirmtkt, while it took over the bus aggregator platform AbhiBus in August of the same year. Ixigo's revenue from operations saw a 26% growth to Rs 206.47 crore in Q2 FY25, compared to the same period in FY24. However, the company's profit after tax (PAT) experienced a significant decline of 51%, dropping from Rs 26.70 crore in Q2 FY24 to Rs 13.08 crore in Q2 FY25.
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Blinkit Rolls Out โ10 Minutesโ Return For Footwear & Clothing
Inc42
ยท
9m ago
Medial
Meesho, a social commerce platform in India, is reportedly planning to introduce a new feature called "Try & Buy" to support clothing and footwear purchases. This feature aims to address customers' concerns about size and fit when shopping online. Meesho has been testing the feature in Delhi NCR and is expected to launch it soon. This move comes as other ecommerce platforms, such as Myntra and Nykaa, are also venturing into the fast-growing quick commerce space.
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Shilpa Shetty-backed WickedGud raises Rs 20 Cr led by Orios Venture Partners
Entrackr
ยท
8m ago
Medial
Shilpa Shetty-backed WickedGud, direct-to-consumer (D2C) food products brand, has raised Rs 20 crore led by Orios Venture Partners and saw participation from Asiana Fund and a clutch of existing investors. Earlier in June 2023, WickedGud secured $250,000 in additional growth funding led by GetVantage. WickedGud has earlier been backed by Titan Capital, Mumbai Angels, NB Ventures. The proceeds will be used to ramp up its distribution network, increase spending on branding and marketing, and strengthen its core team. It also plans to expand its product development initiatives, enhancing the existing portfolio and adding Korean flavours to its instant and cup noodles range. Co-founded in 2021 by Bhuman Dani, Monish Debnath, and Soumalya Biswas, WickedGud is a D2C startup dedicated to unjunking India one kitchen at a time with a variety of healthy and indulgent food products. Its products are made using wholesome ingredients and are manufactured using innovative steaming and convection air drying (SCAD) technology. The Mumbai-based startup claims to have grown 5x in the past 24 months and operates through an omnichannel distribution network, with availability on all major quick commerce and e-commerce platforms and over 2,000 retail outlets across India including over 400 Reliance SMART Bazaar, Signature, and Freshpik stores.
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Kids' clothing and gear is more expensive than ever. Kidsy has a sustainable solution for discounts
TechCrunch
ยท
1y ago
Medial
Chicago-based e-commerce startup Kidsy aims to provide discounted baby and kids products while tackling the issue of overstock and waste. The company partners with large brands, retailers, and liquidation companies to offer their overstock and returned inventory, including clothing, strollers, car seats, toys, travel gear, and nursery furniture. Kidsy's founders, Shraysi Tandon and Sinan Sari, have raised $1 million in pre-seed funding and have seen early success, reaching $1 million in annualized revenue just four months after their beta phase. The company plans to use the funding for expansion, hiring, and implementing artificial intelligence and machine learning.
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Ranjan Paiโs family office and others acquire stake in FirstCry from SoftBank
Entrackr
ยท
1y ago
Medial
Manipal Group's MEMG Family Office, Marico's Sharrp Ventures, and DSP family office of Hemendra Kothari have collectively acquired a stake in kids-focused retailer FirstCry for Rs 435 crore. They purchased the stake from FirstCry's major stakeholder SoftBank. The company recently transitioned into a public company in preparation for its upcoming public listing. While FirstCry's FY23 figures are undisclosed, its revenue in FY22 surged by nearly 50% to Rs 2,401 crore. However, the company incurred a loss of Rs 79 crore in FY22 after posting a profit of Rs 216 crore in FY21.
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Xtended Space secures funding from Hindustan Media Ventures
Livemint
ยท
1y ago
Medial
Xtended Space, a peer-to-peer AI storage platform, has raised an undisclosed amount of funding from Hindustan Media Ventures. The investment will help Xtended Space meet the rising demand for self-storage solutions in the property technology sector. The company aims to revolutionize India's real estate sector by connecting individuals who need additional space with those who have excess real estate. This partnership with Hindustan Media Ventures will enable Xtended Space to provide affordable storage services and generate a sustainable revenue model.
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Kids personal care brand Tuco Intelligent raises $2 Mn in seed round
Entrackr
ยท
10m ago
Medial
Tuco Intelligent, a kidsโ personal care brand, has raised $2 million in its seed round led by Fireside Ventures and Whiteboard Capital. The round also saw the participation of the Ashish Goenka-led Suashish Group and angel investors such as Vijay Nehra, and Arjun Purkayastha, and early backers of brands like Mamaearth, Sugar, Pilgrim, Whole Truth, and Mokobara. Founded by Aishvarya Murali in 2023, Tuco Intelligent offers a range of natural and sustainable personal care products only for kids. The range includes soaps, lotions, creams, makeup and deodorants. All products claim to be packaged in 100% landfill and ocean-reclaimed plastic to create a greener planet for children. Tuco targets the unique personal care needs of kids aged 4-12, a demographic with growing needs at every stage. Tuco Intelligent skin products are available on the website and marketplaces like Amazon, Flipkart, Myntra, Nykaa, and Firstcry. Fireside Ventures, which has invested in brands like Mamaearth, boAt Lifestyle, Yogabar, and The Sleep Company, is known for backing high-growth consumer brands. Whiteboard Capitalโs portfolio includes innovative companies such as Atomberg, Cred, Jupiter, and Daily Ninja.
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