Styched Acquires Shark Tank-Featured Sneaker Brand Flatheads
Bengaluru, India – July 17, 2023 – Styched, a leading direct-to-consumer (D2C) fashion brand, has acquired Flatheads, a sneaker brand that was featured on the reality TV show Shark Tank India. The deal was reportedly worth ₹100 crore (~$12.5 million USD).
Reliance Set to Acquire Alia Bhatt’s Ed-a-Mamma Childwear Brand for Rs 300-350 Crore
Mumbai, India – July 18, 2023 – Reliance Brands, the retail arm of Reliance Industries, is in talks to acquire Ed-a-Mamma, a childwear brand founded by actress Alia Bhatt. The deal is worth ₹300-350 crore (~$37.5-43.75 million USD).
IIT Delhi to Open Campus in Abu Dhabi, Signs MoU in the presence of PM Modi
New Delhi, India – July 15, 2023 – The Indian Institute of Technology (IIT) Delhi and the Abu Dhabi Department of Education and Knowledge (ADEK) have signed a Memorandum of Understanding (MoU) to establish an IIT Delhi campus in Abu Dhabi.
MoS Rajeev Chandrasekhar forecasts a 10-fold surge in start-ups in the next 4-5 years
New Delhi, India – July 16, 2023 – Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar has forecast a 10-fold surge in the number of startups in India in the next 4-5 years.
Hindustan Coca-Cola Beverages Renews Partnership with Telangana Government to Upskill College Students
Hyderabad, India – July 17, 2023 – Hindustan Coca-Cola Beverages (HCCB) has renewed its partnership with the Telangana government to upskill college students in the state. The partnership was renewed in the presence of Telangana IT and Industries Minister K.T. Rama Rao.
Karnataka Government Launches Innovative Platform Facilitating MSMEs’ Collaboration with Fintechs
Bengaluru, India – July 18, 2023 – The Karnataka government has launched an innovative platform called ‘FinTech Connect’ to facilitate collaboration between MSMEs and fintechs. The platform was launched by Karnataka Chief Minister Basavaraj Bommai.
Fan monetisation platform ReDesyn Raises Rs 3.5 Crore Led by Real Time Angel Fund
Open-source developers platform ToolJet raises funding from Microsoft’s M12 Fund, GitHub
ToolJet, an open-source low-code platform for building and deploying internal tools, has raised funding from Microsoft’s M12 Fund and GitHub. The amount of investment was not disclosed.
Bengaluru-based cybersecurity startup Prikus Tech Raises $6.2M in Seed Funding Round
Prikus Tech, a Bengaluru-based cybersecurity startup, has raised $6.2 million in seed funding. The round was led by Accel India, with participation from Nexus Venture Partners, Better Capital, and January Capital.
ideaForge investor Celesta eyes investment in 10-15 Indian startups
Celesta Capital, the investment firm that backed ideaForge, is looking to invest in 10-15 Indian startups in the next 12 months. The firm is targeting startups in the artificial intelligence, cybersecurity, and healthcare sectors. Celesta has already invested in a number of Indian startups, including IdeaForge, Detectify, and MedGenome. The firm is looking for startups with strong teams and innovative products.
Easebuzz Records Doubling of Revenue to Rs 236 Crore in FY23 Amid Soaring Demand
Easebuzz, a digital payments solutions provider, has recorded a doubling of revenue to Rs 236 crore in FY23. The company’s revenue growth was driven by a surge in demand for its payment solutions, particularly from the e-commerce and online gaming sectors.
Pizza Hut’s Expansion Spree Targets Gen Z and Smaller Markets
Pizza Hut, the global pizza chain, is on an expansion spree. The company plans to open 1,000 new restaurants in the next five years, with a focus on Gen Z and smaller markets.
Ola Electric Expedites IPO Plans as Electric Scooters Gain Traction in India
Ola Electric, the electric scooter startup backed by SoftBank Group, is accelerating its plans to go public. The company had initially planned to list in 2024, but is now considering an IPO as early as 2023.
Article By CA Pankaj Dara