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Start-Up 2022-01-10

Meesho: Interestingly majority of New users from tier III cities

10 January 2022, Mumbai:

Digital commerce platform Meesho on Thursday said 71 per cent of the new users coming to its platform were from tier III cities and beyond, including cities like Malkangiri, Baikunthpur, Munnar, and Mahua. Sharing trends seen during 2021 on its platform, Meesho said it had witnessed a 15x growth in direct-to-platform customers over the previous year.

Why take branded content to the new wave cities of India? - Scatter
"Meesho witnessed 15x growth in direct-to-platform customers over the previous year. In 2021, 71 per cent of all new users came from Tier 3+ regions like Malkangiri - Orissa, Baikunthpur - Chhattisgarh, Munnar - Kerala, Mankachar - Assam, Khalari - Jharkhand, Lalganj - Uttar Pradesh, and Mahua - Bihar," it said.

Meesho added that it now aims to reach 100 million monthly transacting users by December 2022 and increase its roster to over 50 million products.
Interestingly, people shopped the most on Wednesdays on the platform, driven by women shoppers. Men preferred Sundays. Also, 2 PM to 3 PM was the most preferred time to shop on Meesho throughout the week.

TOI

(The news article has not been edited by DFU Publications staff)

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Start-Up 2022-01-10

Meesho: Interestingly majority of New users from tier III cities

Flipkart creates robust 'ESOP or employee stock options' pool

10 January 2022, Mumbai:

E-commerce platform Flipkart has created a Rs 17,000-crore ESOP pool, the highest stock options allocated to employees among Indian technology companies.

An ESOP or employee stock options plan gives workers ownership interest in the company in the form of shares. cnbc18.com

Flipkart News: Flipkart latest news and recent flipkart updates | The Economic Times

The same was exercised earlier by the likes of Oyo, Zomato, Paytm, and Nykaa, according to data search firm Longhouse Consulting.

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Start-Up 2022-01-10

Flipkart creates robust 'ESOP or employee stock options' pool

Department for Promotion of Industry and Internal Trade (DPIIT) to organize Startup India Innovation Week

07 January 2022, Mumbai:

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry is set to organize the Startup India Innovation Week from January 10th to 16th 2022.

This week-long virtual innovation celebration aims to commemorate the 75th year of India’s independence ‘Azadi Ka Amrit Mahotsav’ and is designed to showcase the spread and depth of entrepreneurship across India.

Startup India Innovation Week will have sessions ranging from topics such as Enhancing Market Access Opportunities, Discussions with Industry leaders, Best Practices by States, Capacity Building of Enablers, Reverse Pitching by Incubators, Technology Exhibitions, Corporate Connects, and more.

The programme is expected to bring together top policymakers, industry, academia, investors, startups, and all ecosystem enablers from across the globe. Stakeholders from all these segments are requested to register themselves on the portal https://www.startupindiainnovationweek.in/ to be a part of the Innovation Week.

PIB (The news article has not been edited by DFU Publications staff)

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DAILY NEWS:

Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

Consumers will determine growth of sustainable fashion e-comm in India

Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

Nike strengthens retail presences with new store at DLF Mall of India,Noida

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Start-Up 2022-01-07

Department for Promotion of Industry and Internal Trade (DPIIT) to organize Startup India Innovation Week

Nykaa Fashion presents Scandinavian brand NA-KD

05 January 2022, Mumbai:

Nykaa Fashion has added NA-KD to its portfolio. NA-KD represents the essential elements of Scandinavian culture, which include innovation, clean design, and a great respect for nature.

The modern brand offers traditional wardrobe staples with a premium feel at affordable prices, combining a clean and warm aesthetic with claims of being ecologically conscious. The handpicked collection will take shoppers from work to play to lounge and vacation in style.

Shoppers may discover a selection of flexible pieces, dresses and jumpsuits, fitted coats and jackets, soft knits and loungewear, trademark denim, and shoes starting with the label's first version. The fashion-forward attitude of NA-KD, as well as its dedication to sustainability, makes it an excellent fit for Nykaa Fashion.

Nykaa Fashion continues to diversify its portfolio by bringing on new brands that are creating waves across the world and are coveted for their heightened style. Following its extensive selection of local labels, which celebrated domestic talent, the multi-brand lifestyle e-commerce site continues to provide the finest choices.

Nykaa Fashion continues to expand and establish itself as a lifestyle destination that encourages customers to make more sophisticated fashion choices.

It puts a lot of effort into collecting the top brands from across the world and expanding its fashion offering.

DAILY NEWS:

Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

Consumers will determine growth of sustainable fashion e-comm in India

Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

Nike strengthens retail presences with new store at DLF Mall of India,Noida

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Start-Up 2022-01-05

Ninjacart exercises ESOP buyback for current, ex-employees

10 January 2022, Mumbai:

Ninjacart, a supply chain startup for fresh produce, has executed an ESOP buyback worth Rs 100 crore. underscoring a growing trend among Indian startups to enrich their employees and retain them in a highly competitive hiring environment.

ESOP

Both current and former employees of the Bengaluru-based firm are eligible for the ESOP buyback programme, which also gives them the option to entirely sell their vested employee stock ownership plans.

This is the company's second ESOP buyback The first one was conducted in 2019.

An ESOP is an employee benefit plan which gives a company's staff ownership of the firm through equity shares that they can sell at certain times.

retail.economictimes.com

(The news article has not been edited by DFU Publications staff)

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Start-Up 2022-01-10

Ninjacart exercises ESOP buyback for current, ex-employees

Myntra promotes Achint Setia as the head of marketing (HOM)

07 January 2022, Mumbai:

Myntra announces the appointment of Achint Setia, who currently leads the organization’s social commerce business, as its Head of Marketing. In his new role, Achint will lead Myntra’s marketing function while continuing to oversee the social commerce business.

With this, his core responsibilities will include, scaling the Myntra brand, developing the marketing strategy including for large consumer-centric events, strengthening customer loyalty, and applying research-based insights into the business to fuel its growth.

In his current role as vice president & business head, Social Commerce at Myntra, Achint has been instrumental in building new tech-pivoted social commerce experiences for the Indian market and overlooked the development and launch of Myntra Studio and Myntra Live Commerce, which marked Myntra’s foray into social commerce at scale with influencer and content-led shopping.

In addition to this, Achint played an important role in managing key brand partnerships for Myntra, such as IPL, and was earlier responsible for brand and digital performance marketing.

Achint played a key role in conceptualizing, launching, and scaling Myntra Fashion Superstar, a one of kind digital fashion reality show, and in scaling the Myntra Loyalty Program (Insider) for Myntra’s top customers.

As a seasoned leader, Achint brings close to 17 years of expertise in scaling businesses in consumer tech and media with cross-functional experience across marketing, strategy and M&A, content, product development, operations, and analytics, among others. In his past stints, he has worked with leading Indian and global majors including McKinsey & Co., Microsoft R&D, and Viacom18 Media.

He is an avid public speaker and a passionate storyteller. Achint holds a BE in Computer Engineering from NSIT and is an alumnus of Stanford’s Graduate School of Business as well as the Indian School of Business.

AFAQS (The news article has not been edited by DFU Publications staff)

DAILY NEWS:

Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

Consumers will determine growth of sustainable fashion e-comm in India

Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

Start-Up 2022-01-07

Myntra promotes Achint Setia as the head of marketing (HOM)

Venture Intelligence report: Year 2021, Pvt investor exits hit record high due to IPOs frenzy

04 January 2022, Mumbai:

Private equity and Venture capital (PE-VC) investor exits hit a record high in 322 at $38.7 billion across 270 deals due to a blockbuster year for public markets and hectic consolidation activity among digital enterprises.

The previous record was in 2018 when the Walmart, Flipkart deal had lifted exit value to around $26 billion.

Number of Startups in India grew 7X to 50K in a decade : KPMG report

Exits by value grew fivefold from $7 billion in 2000 and the number of exits jumped 72% from 157 In 2000, according to data from Venture Intelligence.

SOURCE: TOI Dt 04-01-2022 (The news article has not been edited by DFU Publications staff)

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Start-Up 2022-01-04

Venture Intelligence report: Year 2021, Pvt investor exits hit record high due to IPOs frenzy

START-UP India Innovation Week 2022: 10-16, January Virtual Form

10 January 2022, Mumbai:

To commemorate the 75th year of India's independence. Azadi ka Amrit Mahotsav highlights the exemplary growth of the startup ecosystem and become a platform for interaction, deliberation, and discussion for future potential startups Department for Promotion of Industry and internal trade IDP is organizing the Startup India Innovation Week.

Since the launch of the Startup India introduction on 16 January 2015 the Indian startup ecosystem has grown to the 3rd largest in the world with over 60,000 startups across 633 districts from all 28 Slates and & 8 Union Territories with their own dedicated Startup Policies.

Startup India Innovation Week

COVID-19 was the black swan of the 21st century, but India's entrepreneurs responded to the pandemic by reimagining their businesses, and bouncing back in the face of adversity, embodying the true spirit of a self-reliant India.

Energyly Office Photos | Glassdoor

This bears testimony to the fact that the clarion call given by the Hon'ble Prime Minister Shri Narendra Modi to use these trying limes to become Atmanubhar, has been very well received by our startups, enabling the resurgence of the Indian economy.

STARTUP INDIA INNOVATION WEEK

(The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned.

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Start-Up 2022-01-10

START-UP India Innovation Week 2022: 10-16, January Virtual Form

Reliance Retail picks up 26% in Dunzo aimed at helping Last-Mile Delivery

07 January 2022, Mumbai:

Leads $240Mn Round In Move Aimed At Boosting Last-Mile Delivery For JioMart

Dunzo, which pioneered in India the concept of delivering almost anything to anyone within a city has raised $240 million in a funding round led by Reliance Retail Ventures On Its own. Reliance Retail has invested $200 million for a 25 8% stake in the Bengaluru venture. Existing Investors Lightbox, Light rock, L Capital, and Alteria Capital also participated in the round.

Dunzo CEO and co-founder Kabeer Biswas said, "With this investment from Reliance Retail, we will have a long-term partner with whom we can accelerate growth and redefine how Indians shop for their daily and weekly essentials"

SOURCE: TOI Dt 07-01-2022

(The news article has not been edited by DFU Publications staff)

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Start-Up 2022-01-07

Reliance Retail picks up 26% in Dunzo aimed at helping Last-Mile Delivery

Mamaearth parent co: Wow! 1st unicorn of Indian Start Up universe in '22

03 January 2022, Mumbai:

With the latest funding, Mamaearth parent gets the tag of joining the very first unicorn of 2022, valued at $1.2 billion The round also gave employees an opportunity to monetise their vested employee stock ownership plans (ESPOs).

The round witnessed participation by Sofina Ventures SA, the Belgium-based investment company, and Evolvence, a UAE-based India-focused fund. The round also gave employees an opportunity to monetise their vested ESOPs.

Honasa co-founder and Chief Executive Officer Varun Alagh claim their flagship brand Mamaearth is a leader in the D2C personal care segment and The Derma Co is set to chart out its success story.

The company envisages using the funds towards expanding its portfolio of personal care D2C brands venturing into new categories.

Incidental to the launch of Aqualogica, a hydration-based skincare brand, the company has entered a diverse new segment catering to unique requirements of Indian skin and tropical weather.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned.

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Start-Up 2022-01-03

Mamaearth parent co: Wow! 1st unicorn of Indian Start Up universe in '22

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Start-Up 2022-01-10

Udaan raises $250mn, aims to take An 'UDAAN'

06 January 2022, Mumbai:

Business-to-business (B2B) e-commerce startup Udaan has raised $250 million as it looks to scale up operations before going public in 18 24 months. Udaan raised $200 million via a convertible note along with $50 million as debt, showed an internal email by Aditya Pande, CFO at Bengaluru-headquartered startup.

TOI was the first to report about Udaan's efforts to raise capital in new ways, including debt financing from global institutional investors.

INFOGRAPHIC] The Impact of B2B E-Commerce on Manufacturers and Distributors - GlobalTranz Enterprises, LLC.

"This round was oversubscribed 2x and also saw participation from our existing investors, exist including t those who bought into the company through the secondary (ESOP) round in HI 2021. Pande wrote in the email which TOI has reviewed.

"A convertible note is an instrument typically used by companies at the pre-IPO stage, and the instrument converts into equity at the IPO," he said.

SOURCE: TOI Dt 06-01-2021

(The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned.

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Start-Up 2022-01-06

Udaan raises $250mn, aims to take An 'UDAAN'

Nykaa x doctors x influencers to hold, virtual ‘Wellness Week’

30 December 2021, Mumbai:

Beauty giant Nykaa will hold an interactive, online ‘Wellness Week’ from January 3 to 7 and has collaborated with an array of doctors, influencers, and celebrities for a series of online events.

Nykaa’s Wellness Week will feature tips and tricks to promote mental and physical wellbeing and boost interactions on its social media accounts to drive sales.

The week-long online initiative will centre around the categories of fitness, nutrition, hormonal and menstrual care, mental health, and ‘glow from within’ and Nykaa has partnered with two industry experts for each category, it announced on Facebook.

For fitness, Nykaa has partnered with Aadar Malik and Sucheta Pal and the business has partnered with Dr Siddhant Bhargava and Rytasha Rathore for nutrition.

Dr Trinetra and Leeza Mangaldas will share knowledge on hormonal and menstrual care and Shaheen Bhatt and Divija Bhasin will cover mental health. Larissa D’sa and Megha Gupta will teach viewers how to glow from within with a focus on self-care and self-love among other topics.

FASHION NETWORK (The news article has not been edited by DFU Publications staff)

DAILY NEWS: