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UPPERCASE FUNDING
IT cos slash US teams; D2C luggage brands hit turbulenceHappy Thursday! Indian IT firms have begun cutting jobs in their US teams, according to filings. This and more in today's ETtech Morning Di...- Costly raw materials weigh heavy on D2C luggage companiesNew-age luggage startups like Mokobara, Nasher Miles, and Uppercase face financial strain as raw material costs surge 35-50% due to the Wes...
- Travel accessories platform Escape Plan raises $25 million from Jungle Ventures, othersEscape Plan has raised $25 million in a funding round led by Jungle Ventures, with participation from Fireside Ventures and IndiGo Ventures...
- Bank of America down? Thousands of customers report mobile and online banking outages, some claim funds “wiped out” amid widespread technical glitchBank of America experienced a widespread system outage on Friday, November 7, preventing thousands of customers from accessing their accoun...
- New-age travel accessories platform Escape Plan raises $5 million from Jungle Ventures, Fireside VenturesLaunched in May 2025, the Bengaluru-based company sells travel bags and accessories for everyday as well as vacation travel. The fresh fund...
- PE fund Multiples, Sachetis to acquire majority stake in VIP IndustriesA consortium led by Multiples Alternate Asset Management and Samvibhag Securities is set to acquire a 32% stake in VIP Industries from the ...
- Nasher Miles to open 20–25 offline stores, eyes quick commerce growthNasher Miles plans to open 20 to 25 exclusive brand outlets across India this year, aiming for 100 in two years. The D2C luggage brand is a...
- Peak XV’s new fund; Sebi’s bond crackdownHappy Friday! Peak XV Partners is set to raise its new fund, first one after its split from Sequoia US. This and more in today’s ETtech Mor...
- Cred’s valuation cut; BluSmart ends rideHappy Monday! Fintech startup Cred is in talks to raise new funds at a reduced valuation. This and more in today’s ETtech Morning Dispatch.
- Cricketer Jasprit Bumrah backs luggage startup Uppercase as an investorThe partnership includes co-developing a product line for sportspersons. This reflects a wider trend of cricketers turning investors. Upper...
- Accel closes eighth India fund with $650 million corpusThis will bring Accel's total investment commitments in India close to $3 billion. Accel’s US-based global growth fund closed its latest ro...
- Accel nears close of new India fund at $650 millionAccel India has secured $650 million for its eighth fund, while its global growth fund has raised $1.35 billion. A portion of this will be ...
- Fashion and lifestyle brand Zouk raises $10 million in round led by Aavishkaar CapitalExisting investors Stellaris Venture Partners, Titan Capital Winners Fund, Sharrp Ventures and the JJ Family also participated. The D2C pla...
- Rising trend of new-age consumer brands attracting VC investors in IndiaIndia's new-age consumer brands, catering to Gen Z and millennials, are attracting substantial venture capital. Brands like Mokobara, Sugar...
- Online merchants under GST scanner; Infosys bonus payoutHappy Wednesday! The rapid growth of digital payments has also increased the scrutiny of online merchants due to surge in cases of tax evas...
- Accel invests $9 million in luggage brand Uppercase; valuation doubles to $60 millionAccel invested $9 million in Uppercase, raising the luggage brand’s valuation to $60 million. The funds are aimed at expanding retail store...
- D2C luggage brand Nasher Miles raises $4 million in bridge roundThe money came from the Singularity Early Opportunities Fund, Narendra Rathi of the SoftBank Vision Fund, and Sulabh Arya of Goldman Sachs ...
- New-age consumer brands trend on deal streetUppercase–a luggage brand started by former VIP Industries MD Sudip Ghose–is in talks with Flipkart-backer Accel to raise new capital, sour...
- New-age brands buzz on deal street; Unacademy founders’ voting rightsHappy Friday! New-age brands are attracting capital from VC funds, founders and other types of investors. This and more in today’s ETtech M...
- Luggage brands on high-growth path as travel industry boomsIndia's travel renaissance is driving a luggage revolution, with sales doubling. Global brands like Tommy Hilfiger and Delsey Paris are gro...
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