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Insolvency plea filed against FirstCry subsidiary GlobalBeesIn an exchange filing, BrainBees Solutions, parent company of FirstCry, said that Ashutosh Garg, Paritosh Garg and Manju Agarwal have petit...- GlobalBees CEO Nitin Agarwal resigns; Anuj Jain to take overNitin Agarwal, CEO of FirstCry’s house of brands arm GlobalBees, has resigned citing personal reasons, according to a stock exchange filing...
- House of cards: Roll-up ecommerce model stumbles as founders reclaim brands amid funding strugglesOvervalued acquisitions, financial mismanagement, and unmet promises have led to founders buying back brands at a fraction of the original ...
- Fintech funding shows recovery; Cracks in India’s ecomm roll-upsFintech deals are beginning to bounce back after a two-year slowdown. This and more in today’s ETtech Morning Dispatch.
- Roll-up brands firm Goat Brand Labs raises $21 million in a mix of debt and equityBlackRock, Mayfield, and NB Ventures, among others, chipped in, while some existing investors like Flipkart’s venture arm stayed away. Foun...
- Ecommerce roll-up companies pause brand buyouts, seek funds for survivalSmaller startups in the ecommerce roll-up space like 10club and Upscalio have either pivoted or are looking to be acquired while bigger riv...
- Ashni Biyani's company to attempt Thrasio modelThink9 Consumer, a multi-brand platform promoted by Ashni Biyani, daughter of Future Group chairman Kishore Biyani, is in talks with close ...
- Ola fires about 200 employees in a fresh round of layoffsIn September, the company rescinded the retrenchment of about 200 engineers. One of the sources told ET that the current layoffs are the sa...
- Online payments firm Cashfree lays off around 100 employees to reduce costsBangalore-based fintech startup Cashfree, backed by the likes of YCombinator and Apis Partners said the layoffs will impact around 6-8% of ...
- Mensa buys MensXP, iDiva and Hypp from Times Internet for undisclosed sumMensa Brands has acquired online lifestyle publications MensXP and iDiva, and influencer marketing management firm Hypp from Times Internet...
- Era of mega brands is behind us, D2C brands do have certain advantages over large companies - ICICI Securities reportICICI said it believes a lot of the D2C brands start with the aim of getting sold and while traditionally one required a long operating his...
- 10club set to close $30 mn funding round led by Olive Tree Capital10club is also the second company after Mensa Brands to announce that it would launch its products in the US market. “The team has also ini...
- Mensa Brands expands into US, Middle East, other global marketsThis comes at a time when the roll-up commerce sector is facing headwinds, with the likes of US-based Thrasio cutting costs amid a change o...
- Shake-up looms as funding party ends for roll-up ecommerce modelWill a duopoly with two of the players, Mensa and GlobalBees, taking a disproportionate share of capital lead to a major consolidation in t...
- WhatsApp Pay gets UPI boost; tough times for roll-up ecommerceThat could all change soon, though, as NPCI – which runs UPI – has now allowed WhatsApp Pay to increase its user limit from 40 million to 1...
- For third quarter in a row, startup funding crosses $10 billion in Q1, creates 14 unicornsThis is the third consecutive quarter ending March 2022 when the fund inflows into the domestic start-ups ecosystem have grossed over USD 1...
- UpScalio raises $15 million in funding led by Gulf Islamic InvestmentsThe company will use the fresh capital to partner with more brands, invest in hiring across key growth functions, and build other technolog...
- UpScalio invests in ergonomic furniture brand Green SoulThe company plans to further the brand's dominance in the gaming chairs vertical, while extending the brand's leadership in the office chai...
- ETtech Deals Digest: Postman, Zetwerk raise funds this weekSaaS startup Postman became the most valued software-as-a-service firm from India this week. The country also minted another unicorn.
- UpScalio raises $42.5 million in fundingA consortium of lenders, including freshly minted unicorn OfBusiness, Innoven Capital, and Alteria Capital, have also committed capital to ...
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