Believe me, itโs not...ย โขย 1y
A space that seems to have sparked investor interest is: Travel Luggage ๐งณLately, we've seen significant activity in this space - Feb 24: Mokobara raised $12 M from Peak XV Mar 24: Safari Industries raised $27 M from Lighthouse India Focused Fund May 24: ICON raised a $1.2 M seed from DSG Consumer Partners Jun 24: Eume raised a Pre-series A of ~$2 M from Ashish Kacholia Jul 24: Nasher Miles raised a $4 M bridge round from Singularity Early Opportunities Fund, Narendra Rathi Likely happening soon: Uppercase likely to raise from Accel at a valuation of $60 M ๐Brands are also collaborating to introduce new travel luggage lines - (1). Ethos Watch Boutiques has partnered with Rimowa (German premium luggage brand) to open stores in India. (2). Dream Theatre will soon launch premium luggage under Diego Maradonaโs franchise. ๐กThis sector seems to benefit from - - Rising disposable income - Indians traveling a lot more: frequent weekend getaways, national and international trips - Rising demand for stylish and functional luggage - Shorter replacement cycles ๐At present, branded luggage, dominated by VIP, Safari, and Samsonite, represents 25% of the $6 B market. โถ๏ธ With a truckload of competition, it will be intriguing to see how this space evolves.
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Faad Networkย โขย 1d
Kicked out of VIP Industries, built a new company worth 10,500 CR, beat VIP 14 years later. 1. At the age of 21, Sudhir Jatia joined VIP Industries as a trainee in their value luggage segment, Aristocrat. Everyone doubted him, but he proved everyone
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The Air mobility space (VTOL and STOL) seems to show an uptick in activity. Briefly, VTOL โ Vertical Take-Off and Landing means an aircraft can lift off and land vertically without a runway. STOL โ Short Take-Off and Landing refers to aircraft that
See MoreBelieve me, itโs not...ย โขย 1y
Wealth management startups in India seem to be gaining significant traction. In the past few weeks - - Dezerv raised $32 M from Premji Invest, now valued at $210 M - StableMoney closed a $14.7 M Series A - Infynite Club secured $2.6 M from Elevatio
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Google's $23 B offer for Wiz may reignite interest in deals and exits for cybersecurity start-ups. Wiz's $23 B offer from Google is ~2x the valuation of their Series E and 46x their ARR. Series E in May 24 : $1 B raised at $12 B valuation โฉInvest
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Swiggy's upcoming IPO will be a multibagger win for early VC investors. ๐ฏDetailed insights will be available once their DRHP is public, but if you look at the history - - Elevation Capital: Investment of $5.9 M turned into $61.8 M (~10x returns) -
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sliceย โขย 1y
Why are hiring startups dying? Itโs a crazy graveyard from Apna to Hirect. I had an idea around the space but I am cold-feet after hearing VC perspective on the space. Met a founder in Koramangala who had raised 4Cr and failed after onboarding half a
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Building SaaS from India for the world - Rocketlane raises a $24 M Series B. โก๏ธTotal Funding: $45 M (Seed at $3 M, Series A at $18 M) โซLead investors: 8VC, Matrix Partners and Nexus VP. In recent years, many Indian startups are building SaaS compan
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