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Sikkim woman’s green skincare startup earns $1 million valuation

Inshorts · 1y ago

Sikkim woman’s green skincare startup earns $1 million valuation

Founder of Agapi Sikkim, Rinzing Choden Bhutia left a corporate career in Delhi to start a women-led, cruelty-free skincare brand that uses indigenous Himalayan plants as raw materials. While she enjoyed her career, she yearned for home. "I wanted to return home for numerous reasons and live a clean, green life," she shares in a conversation with The Better India.

Related News

Kundan Green Energy to develop hydro power project in Sikkim

Thehindubusinessline

Thehindubusinessline · 1y ago

Kundan Green Energy to develop hydro power project in Sikkim

Kundan Green Energy has been awarded a contract by the government of Sikkim to develop a hydropower plant in Rellichu. The project is expected to be completed in 2026 and will add 21 MW of electricity to Kundan Green Energy's current capacity. Sikkim has significant hydropower potential, with 29 approved projects in various stages of development. Kundan Green Energy has a strong presence in Sikkim, with four operating projects and two upcoming ones. The company is known for its quick execution time, with an average of 4-5 years for commissioning plants compared to the industry average of 8-10 years.

Minimalist fails to attract investors after seeking fourfold jump in valuation

Livemint

Livemint · 11m ago

Minimalist fails to attract investors after seeking fourfold jump in valuation

Skincare startup Minimalist has failed to secure funding from investors, including Verlinvest and Premji Invest, after seeking a fourfold increase in valuation. The startup aimed for a valuation of over $300 million, compared to $76 million in its previous round. L Catterton, another potential investor, did not proceed with discussions. While Minimalist justifies its higher valuation by being profitable since its inception, investors are hesitant to meet the high ask in the current market conditions. The company plans to reconsider if the valuation becomes more suitable. Minimalist's revenue in FY23 was INR 188 crore, with a net profit of INR 5.2 crore.

AI startup Perplexity in funding talks to more than double valuation to $8 bn

Livemint

Livemint · 9m ago

AI startup Perplexity in funding talks to more than double valuation to $8 bn

Perplexity, an artificial intelligence search company, is in talks to raise funds and increase its valuation to $8 billion or more. The company, which combines a search engine and AI chatbot, has raised three funding rounds in the past year, and its valuation has grown from $520 million to $3 billion. Perplexity aims to raise around $500 million in the new funding round. It currently earns revenue through premium subscriptions and plans to expand by selling advertisements. The startup has faced criticism from web publishers for allegedly using their content without permission. CEO Aravind Srinavas aims to maintain a cooperative relationship with news publishers.

RAS Luxury Skincare, BrainSight AI, Culture Circle, Sieger get funding

VCCircle

VCCircle · 7m ago

RAS Luxury Skincare, BrainSight AI, Culture Circle, Sieger get funding

RAS Luxury Skincare, BrainSight AI, Culture Circle, and Sieger have secured early-stage funding. RAS Luxury Skincare raised $5 million in Series A led by Unilever Ventures, with plans to expand retail and product lines. BrainSight AI received $5 million to enhance its neuroinformatics platform, focusing on brain disorders. Sieger partnered with Urja Mobility, raising $1 million for EV battery solutions. Culture Circle obtained Rs 3 crore through Shark Tank India, investing in global expansion.

Mumbai-based skincare brand Foxtale raises $14M from Panthera Growth Partners, others

IndianStartupNews

IndianStartupNews · 1y ago

Mumbai-based skincare brand Foxtale has raised $14 million in a funding round led by Panthera Growth Partners. The direct-to-consumer startup, founded in 2021, offers a range of skincare products and aims to become a Rs 1,000 crore ($135 million) brand within five years. Foxtale plans to utilize the funding to solidify its market position and compete with established players in the Indian skincare industry. The Indian skincare market is projected to generate around $9.88 billion in revenue by 2024, with a growing demand for luxury, natural, and Ayurvedic products.

Digital lending startup Fibe eyes $35 million fundraise from IFC - The Economic Times

Economic Times

Economic Times · 4d ago

Digital lending startup Fibe eyes $35 million fundraise from IFC - The Economic Times

Digital lending startup Fibe seeks to raise $35 million in a funding round led by the International Finance Corporation (IFC), with participation from existing investors like Eight Road Ventures, Norwest Venture Partners, and TPG. Fibe has previously raised $228 million. The startup, focused on consumer loans, plans to expand into education and green energy loans. It aims to enhance its valuation and considers an IPO within two years.

WishNew gets funding from IIT Delhi alumni group, DotPe co-founder

VCCircle

VCCircle · 9m ago

WishNew gets funding from IIT Delhi alumni group, DotPe co-founder

Wellness solutions provider WishNew Wellness has secured $250,000 in angel funding at a valuation of $5.65 million. The funding round was led by a group of Indian Institute of Technology (IIT) Delhi alumni, alongside investors including co-founder of DotPe, Gyanesh Sharma. WishNew plans to use the funds to enhance research and development efforts, expand its product range, scale manufacturing and distribution capabilities, and invest in marketing and branding. The startup offers nutritional supplements, skincare products, fitness aids, and mental wellness products.

Tech startup Orbishift, five others raise early-stage funding

VCCircle

VCCircle · 1y ago

Tech startup Orbishift, five others raise early-stage funding

Tech startup Orbishift has raised $7 million in seed funding for their AI-sales operating system. The funding will be used to expand the company's product footprint and geographical reach. Quidich Innovation Labs, Distil, Unikon.ai, Asaya, and Metis have also raised early-stage funding. Quidich focuses on live sports broadcasts, Distil offers customizable solutions for specialty chemicals, Unikon.ai provides AI-based 1:1 conversations and personalized content feeds, Asaya is a skincare brand, and Metis uses AI and machine learning to provide solutions for financial services firms. These funds will support their respective expansions and development of their offerings.

Jakson Green to raise $476 mn for renewables capacity expansion

VCCircle

VCCircle · 10m ago

Jakson Green to raise $476 mn for renewables capacity expansion

- Jakson Green is raising $476 million to expand its renewable energy capacity in India. - The company plans to add 1 gigawatt of renewable energy capacity by early 2026. - The investment breakdown for the capacity expansion will be 75% debt and 25% equity. - Jakson Green is in advanced talks with green energy funds and aims to close the fundraising by November. - The company has also won over 1 gigawatt of renewable energy projects from the Indian government.

Dermocosmetics startup SkinQ raises Rs3Cr in seed round led by Inflection Point Ventures, others

IndianStartupNews

IndianStartupNews · 1y ago

Dermocosmetics startup SkinQ raises Rs3Cr in seed round led by Inflection Point Ventures, others

SkinQ, a personalized skincare startup, has raised INR 3 crore in a seed funding round led by Inflection Point Ventures. The funding will be used for product innovation, research and development, team expansion, and enhancing market presence. SkinQ aims to revolutionize skincare for melanin-rich skin and plans to elevate the Skin Quotient of 10 million customers in the next three years through clinically tested solutions. The dermocosmetics market in India is experiencing rapid growth, with projections indicating a rise from $188 million in 2021 to $450 million by 2030.

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