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PLUM FY23
India looking beyond Horlicks and Lux? A story of struggling HUL even as Sensex doubled in 5 yearsHindustan Unilever faces challenges as its growth slows. Traditional brands like Horlicks and Lux are seeing reduced demand. New-age compet...- Group health insurance grows 20% annually while retail cover flatlines: Plum reportThe study, based on over 10,000 consultations and a survey of 350 respondents, found that 59% of employees do not have a personal health po...
- Google Pay’s credit boost; Spiritual apps chant ‘AI’Happy Tuesday! Google Pay is working to launch a co-branded credit card. This and more in today's ETtech Morning Dispatch.
- Insurtech startup Plum commits Rs 200 crore to expand healthcare verticalPlum has committed Rs 200 crore to expand its healthcare vertical beyond group insurance, focusing on preventive and digital health service...
- D2C beauty brand Pilgrim raises Rs 200 crore in a mix of primary, secondary fundingOthers who participated in the funding round were Vertex Ventures SEA, Sattva Family Office, Mirabilis Investment Trust, Vertex Growth Fund...
- D2C beauty company Wow Skin Science seeks strategic buyer at a lower $250 million valuationWow Skin Science, valued at around $400 million, is seeking a strategic buyer at a reduced valuation of $250 million as investors look to e...
- Swiggy, Zomato go beyond food, qcomm; publishers & Gen AI dilemmaHappy Monday! Swiggy and Zomato are constantly broadening their platter of offerings. This and more in today’s ETtech Morning Dispatch.
- Beauty companies in dull phase find quick fix to glow upAmidst declining growth, beauty and personal care brands like Plum, Wow Skin Science, and Mamaearth-parent Honasa Consumer are pivoting to ...
- Plum Goodness aims for profitability in FY25, eyes product segment revampMumbai-based beauty and personal care (BPC) brand Plum Goodness plans to introduce new products within the next six months, focusing on seg...
- Sugar Cosmetics FY23 revenue jumps 89% to Rs 420 crore, net loss stays flatMumbai-based Sugar Cosmetics' total expenses rose 68% on year to Rs 505 crore in FY23, primarily due to higher spending for purchases of st...
- How layoffs reordered Indian startups this year, and other top tech stories this weekStartups laid off over 28,000 people just in the first three quarters of 2023. This alone was over 50% higher than 2022, when companies let...
- Flipkart’s mega fundraise; investors press for transparency from Byju RaveendranThe fresh fundraise is likely to value Flipkart at about a 5-10% premium to its latest valuation of around $33 billion, the people said req...
- Flipkart’s $1 billion fundraise; Zomato offers to acquire ShiprocketEcommerce giant Flipkart is in the middle of closing a $1 billion funding round in which Walmart has committed $600 million. This and more ...
- Beauty brand Plum's FY23 revenue rises 71% to Rs 322 croreThe firm saw its net loss widen by 66% to Rs 52.9 crore in FY23, compared to the Rs 31.8 crore it incurred in FY22.
- Winemaking across India: Rs 1,900 crore wine industry set to grow rapidly, despite limited govt support and societal taboosDespite government’s limited support and society’s taboos, India’s Rs 1,900-crore wine market is set to grow rapidly as more entrepreneurs ...
- As shopping spree slows, ecommerce not clicking as it didConsulting and market research firm 1Lattice said it estimated 35% growth for ecommerce in FY23, but that the six months to March have seen...
- Online beauty retailer Purplle raises $33 million funding, turns unicornExisting investors Premji Invest, Blume Ventures, and Kedaara also participated in the round.
- Smytten raises Rs 100 crore in funding led by Fireside VenturesThe company in India will be venturing into global markets like the Middle East, Vietnam, the Philippines, and other Southeast Asian countr...
- Early-stage deals in India more than doubled to $2 billion in Q1 2022: reportTotal funding in the first quarter of FY22 was up nearly 80% year-on-year (YoY) to $9.2 billion from $5.1 billion in the same quarter last ...
- Quick service restaurants staging a quicker recovery among organised eatery businessesThanks to spikes in home deliveries and in takeaways, India’s QSR segment that accounts to about 5% of the overall Rs 4.23 lakh crore food ...
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