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VCGuy

Stealth • 5m

A space that seems to have sparked investor interest is: Travel Luggage 🧳Lately, 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 🔀Brands 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 Maradona’s franchise. 💡This 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 🌓At present, branded luggage, dominated by VIP, Safari, and Samsonite, represents 25% of the $6 B market. ▶️ With a truckload of competition, it will be intriguing to see how this space evolves.

0 replies6 likes

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VCGuy

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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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Why are hiring startups dying? It’s 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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Pratik Sable

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Imagine Traveling Without Luggage! 🌍 What if you could travel without the hassle of carrying luggage? Imagine arriving at your destination with everything you need already waiting for you—clothes, toiletries, and more, tailored to your preferences.

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VCGuy

Stealth • 4m

Swiggy's upcoming IPO will be a multibagger win for early VC investors. 🎯Detailed 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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Anonymous

Stealth • 1m

Someone apart from Zepto finally raised a large round 🙆🏻‍♂️

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VCGuy

Stealth • 6m

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 ⏩Invest

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Stealth • 6m

Newly-listed online travel ticket booking platform ixigo has reported a significant 212% increase in net profit, rising from Rs 23.4 crore in FY23 to Rs 73.1 crore in FY24. The company's operating revenue also grew by 31% during the same period, fr

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VCGuy

Stealth • 7m

Building SaaS from India for the world - Rocketlane raises a $24 M Series B. ➡️Total Funding: $45 M (Seed at $3 M, Series A at $18 M) ⏫Lead investors: 8VC, Matrix Partners and Nexus VP. In recent years, many Indian startups are building SaaS compan

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