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MOKOBARA LOSSES
Listed new-age internet firms brace for a costly ride as war clouds mathThe March quarter was largely stable for companies, with most firms reporting revenue growth in line with expectations and improving operat...- Samsonite is happy with its roll in IndiaSamsonite, a global luggage leader, faces new digital-first competitors in India. The company prioritizes brand value over deep discounts, ...
- How new-age cos fared on D-St; Flipkart gets nod to flip backHappy Tuesday! Public markets are drawing a clear line: execution and earnings now matter more than growth-at-all-costs narratives. This an...
- 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...
- 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...
- Samsonite cites discounting by rivals as India sales fallSamsonite attributes its weak performance in Asia to intense competition and discounting by VIP and Safari in India, impacting sales of its...
- Direct-to-consumer brands keep deal street busy with new funding roundsVenture funds are sitting on ample dry powder and will accelerate deal-making in early-stage startups. Funds like Accel, 3One4 Capital, Pea...
- Level of discounting in India is not sustainable, says Samsonite CEODiscounting levels in India's luggage market are unsustainable, affecting profitability, says Samsonite CEO. Samsonite surpassed VIP Indust...
- Bluestone bags Rs 900 crore in pre-IPO round, to file draft papers this yearBluestone, a jewellery retailer, completed a Rs 900-crore funding round, boosting its valuation to $970 million. Key investors included Pro...
- Peak XV, Steadview, and Think Investments line up to fund jewellery retailer Bluestone in pre-IPO roundJewellery retailer Bluestone is in talks with Peak XV Partners, Steadview Capital, and Think Investments for a $100 million pre-IPO round. ...
- Ecommerce in slow lane; PhonePe-BharatPe truceHappy Monday! Online sales haven’t picked up during the final quarter of FY24, industry officials said. This and more in today’s ETtech Mor...
- Meesho’s secondary deal; tech VCs line up for consumer brandsPeak XV Partners and Tiger Global are among investors aiming for a stake in ecommerce firm Meesho via secondary deals. More details in a pa...
- D2C skincare brand Foxtale raises $14 million funding led by Panthera Growth PartnersFoxtale Consumer last raised $4 million in 2022 from Matrix Partners and Kae Capital.
- D2C luggage brand Mokobara raises $12 million in funding from Peak XV Partners, existing investorsMokobara's existing backers Sauce VC and Saama Capital have also participated in the Series B funding round. Peak XV invested around $9.4 m...
- New-age luggage brand Mokobara's operating revenue grows four-fold in FY23, losses widen 78%Mokobara’s total expenses of about Rs 61 crore in FY23 is nearly three times higher than the Rs 16 crore it spent in FY22. The purchase of ...
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