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Sarvam’s unicorn raise; Big exits in new IPOsHappy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.- Investment firm Oister Global launches Rs 500 crore ACE Fund IIIOister Global has launched ACE Fund III, a Rs 500 crore fund focused on startup secondaries. The fund targets late-stage, high-growth compa...
- Emergent's valuation triples; Wingify acquires AB TastySeven-month-old AI coding startup Emergent has racked up fresh funds as its valuation triples. This and more in today's ETtech Top 5.
- Private equity finds beauty in Purplle Cosmetics' minority stake: Deal could value platform at $1.5 billionLeading private equity firms are in discussions to invest in Purplle Cosmetics. The beauty platform is expected to be valued at around ₹13,...
- Late-stage funding dip is mostly supply-side driven: Verlinvest CEOThe company is targeting startups that are between the early and growth stages with investments of $5–20 million, Italia told ET in an inte...
- Karnataka losing out in manufacturing race; CXO churn in startupsNew-age companies are choosing to set up manufacturing facilities in neighboring states like Maharashtra and Tamil Nadu, bypassing Karnatak...
- Purplle’s Rs 1,000 crore funding; FirstCry, Unicommerce IPOs clearedOmnichannel beauty platform Purplle has closed a Rs 1,000 crore funding round. This and more in today’s ETtech Top 5.
- Top startup & tech stories this weekWelcome to a brand new edition of ETtech Unwrapped – our weekend newsletter. The week was packed with important stories broken by our repor...
- Startups seek advice on IPO timing in choppy marketsMultiple new-age companies looking to go public are seeking counsel on their next moves in response to the stock market volatility followin...
- Online beauty retailer Purplle raises $33 million funding, turns unicornExisting investors Premji Invest, Blume Ventures, and Kedaara also participated in the round.
- Purplle seeks $100 million from an internal raise at $800 million valueThe Mumbai-based company, Purplle will raise the money largely from its existing investors Verlinvest, Kedaara Capital and Premji Invest, a...
- Flipkart makes healthtech foray; Paytm's flop decodedOne of the least surprising beneficiaries of the pandemic has been India's healthtech sector, which has seen a wave of consolidation.
- Zomato’s $500m bet on Grofers, Sebi's missive on IPO adsZomato, which has twice tested—and aborted—its own grocery delivery service since the start of the pandemic, is now in talks to invest up t...
- Nykaa competitor Purplle plans to go for IPO in about 4 years from nowPurplle's competitor Nykaa launched an IPO comprising a fresh issue of equity shares worth Rs 630 crore and an offer-for-sale (OFS) of 41,9...
- Beauty brand MyGlamm acquires The Moms Co for Rs 500 crore in big consolidation moveThough the companies declined to comment on the financial contours of the deal, sources in the know said the transaction — a mix of cash an...
- ET Startup Awards 2021: Ixigo founders win the Comeback Kid awardIxigo not only survived the recent Covid-19 pandemic and is slated to launch a Rs 1,600-crore IPO soon, but it has also always had to compe...
- Onesto Labs gets $2.5-million funding from Sanjay Nayar, othersOnesto Labs, the parent company of direct-to-consumer personal care brands Chemist at Play and Bare Anatomy, for strengthening its R&D capa...
- Minimalist raises $15 million from Sequoia India, Unilever VenturesSkincare startup Minimalist will use the funding for global expansion, besides enhancing infrastructure, R&D capabilities and content curat...
- Beauty e-commerce in India set for next level of growth, say expertsWith Nykaa on a path to the public markets, the industry flush with funds, and increasingly savvy consumers, the time is right for the next...
- Govt's plan to bypass encryptionIn today's ETtech Morning Dispatch newsletter: The government wants WhatsApp to assign an alpha-numeric hash to every message sent through ...
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