Plant-based protein meat startups gear up to battle competition from D2C giants
Plant-based meat startups are gearing up to face their strongest-ever competition, with the entry of fast-moving consumer goods (FMCG) giants ITC and Tata Consumer Products, direct-to-consumer (D2C) brand Licious, and global brands like Beyond Meat of the US and Japan’s Next Meats entering the segment this year. ITC launched its plant-based ......
Former Amazon exec joins Nykaa as CTO
Online fashion retailer Nykaa has appointed Rajesh Uppalapati as its chief technology officer to strengthen its position as a consumer tech platform, the company said in a statement on Friday. Uppalapati will replace Sanjay Suri, who had joined the role in 2016. With an experience of over 20 years, Uppalapati had earlier ......
Y Combinator, NB Ventures, others back healthcare platform Janani.life
Healthcare startup Janani.life on Friday said it has secured growth capital of $2.2 million (around Rs 17 crore) from Y Combinator (YC), Olive Tree Capital and Good Water Capital. The round also saw participation from Soma Capital, Brightlane VC, NB Ventures, with angel investors including D S Brar, Chairman GVK life ......
GVK to buy South African airport firm's stake in Mumbai airport
GVK Power & Infrastructure Ltd said on Friday its airports unit will acquire Airports Company South Africa (ACSA) Global Ltd's entire stake in Mumbai International Airport Ltd (MIAL). GVK Airport Holdings Ltd has chosen to exercise its right of first refusal to acquire ACSA Global’s 10% stake for Rs 924 crore ......
Torrent Pharma to acquire PE-backed Curatio Healthcare
Torrent Pharmaceuticals Ltd has agreed to acquire 100% stake in Sequoia-backed skincare products manufacturer Curatio Healthcare (I) Pvt Ltd (Curatio) for Rs 2,000 crore (around $245 million), the drugmaker said in a statement. The consideration includes Rs 115 crore (on the date of signing) of cash and cash equivalents in the ......
Flipkart taps into metaverse to offer virtual shopping
Flipkart on Monday unveiled a metaverse-based shopping platform called Flipverse, in partnership with decentralized music and entertainment firm eDAO. The platform will be in an early adoption phase and will only be available to Android users for a week, the e-commerce company said. The first phase will involve 15 brands ......
Supernova, Wickedgood, Terra Food raise early-stage funding
Gaming-focused edtech startup Supernova has raised $1.1 million led by gaming-focused venture fund Lumikai. The round also saw participation from Kae Capital, All In Capital, Goodwater Capital and strategic angel investors like Nandan Reddy and Phani Kishan; Founders of Swiggy, Nitin Gupta: Founder of PayU and Uni, Prashan Aggarwal: ex-CEO of ......
GVK to buy Bidvest’s stake in Mumbai airport for $175 mn
GVK Airport Holdings Ltd will acquire an additional 13.5% stake in Mumbai International Airport Ltd (MIAL) from South Africa's Bidvest Group for Rs 1,247.40 crore ($175 million). GVK Power & Infrastructure Ltd said in a stock-exchange filing that its airports unit has chosen to exercise its right of first refusal to ......
Enzia Ventures to close debut fund at $36 mn by early 2023
Enzia Ventures plans to mark the final close of its first fund as early as next year at ₹300 crore (about $36 million), a top official told VCCircle. Enzia, an all women-led venture capital fund, is in the final stages of raising ₹200 crore for the fund, said Jayshree Kanther Patodi, ......
Licious aims higher revenue run rate on biz expansion
Fish and meat unicorn Licious, operated by Delightful Gourmet Pvt. Ltd, is targeting a 50% jump in revenue run rate by the end of this financial year buoyed by its latest foray into plant-based meat business. In an interview, Abhay Hanjura, co-founder, Licious, said the company is expected to hit ......
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