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Kids' clothing and gear is more expensive than ever. Kidsy has a sustainable solution for discounts

TechCrunchTechCrunch · 1y ago
Kids' clothing and gear is more expensive than ever. Kidsy has a sustainable solution for discounts
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.

Mave Health raises Rs 6 Cr led by All In Capital and iSeed Fund

EntrackrEntrackr · 1y ago
Mave Health raises Rs 6 Cr led by All In Capital and iSeed Fund
Medial

Mave Health, a mental health-tech startup, has raised Rs 6 crore in a pre-seed funding round led by All-In Capital and Utsav Somani’s iSeed Fund with participation from Bharat Founders Fund, Deepinder Goyal (Zomato), Kunal Shah (CRED), Mohit Kumar and Vatsal Singhal (Ultrahuman). The round also saw angel investors like Gaurav Agarwal (TATA 1mg), Nandan Reddy (Swiggy), Rohan Verma (BreatheWellBeing), Nikhil Kant (Even), Harsh Shah (Fynd), Neel Mehta (Studio Carbon), Nitin Mehrotra (Dressfolk), Himanshu Aggarwal (SHL), along with several family offices and digital creators. The funding will support Mave Health in launching Arc, a non-invasive brain stimulation wearable that treats depression, the company said in a press release. Founded in 2023 by Dhawal Jain, Jai Sharma and Aman Kumar, Mave Health aims to build human-centric evidence based programs for mental well-being. The startup’s flagship product Arc improves brain health and treat depression. According to the company, the device is developed in collaboration with a team of top experts, including neuroscientists, psychiatrists, and psychologists from Harvard Medical School, Maastricht University and other leading research institutes. Over the past few months, during the beta phase, more than 1,000 individuals have used Arc and have seen substantial improvements in their depression symptoms. Currently, Mave Health’s flagship wearable, Arc, can be accessed by enrolling in Mave Health’s 12-week long program which also offers unlimited sessions with their experts, including doctors, psychologists, nutritionists, and fitness coaches. Mave Health has also partnered with psychologists, hospitals and private clinics across India to make Arc more accessible.

CleverTap co-founder Sunil Thomas returns as CEO following Sidharth Malik's departure

EntrackrEntrackr · 8m ago
CleverTap co-founder Sunil Thomas returns as CEO following Sidharth Malik's departure
Medial

CleverTap, the global customer engagement platform, has announced that Sidharth Malik has stepped down as CEO, with co-founder Sunil Thomas resuming the role. Confirming the development to Entrackr, a company spokesperson stated, “Sidharth Malik stepped down in July 2024 due to personal reasons. We are grateful for his contributions over the past three years and wish him success in his future endeavors. Sunil Thomas, CleverTap’s co-founder and executive chairman, has taken over as CEO.” Malik was appointed as the global CEO of CleverTap in 2021. Previously, he served as Chief Revenue Officer at Freshworks until October 2023, before assuming the position of chairman of Freshworks India. In the next phase of his career, Malik has joined Westbridge Capital as a SaaS advisor board member. He also continues to serve as a non-executive director on the board of Zacco India. In August 2022, CleverTap raised $105 million in a Series D financing round led by CDPQ. The company is anticipated to reach unicorn status in its next round, as it was valued at approximately $775 million during the Series D round. According to data compiled by TheKredible, over 30 Indian startups appointed or elevated new chief executive officers (CEOs) within the first 10 months of 2024. With this latest appointment, CleverTap joins the ranks of companies like Cleartrip, Zoomcar, Acko Life, DealShare, MyGate, Inshorts, Cult.fit, Third Wave Coffee, Freshworks, PhonePe International Business, Ola Financial Services, BharatPe, iD Fresh, and Setu, all of which have named new CEOs this year.

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