Representative image DealShare cofounder Sankar Bora’s direct-to-consumer (D2C) footwear startup CHK has raised $2.5 million in funding from investment firm Accel, jewellery retailer Bluestone, and some individual investors. The Bengaluru-based company plans to deploy the fresh capital to accelerate production and strengthen its research and development (R&D) efforts ahead of its public launch in April….
Representative image Fashion brand Powerlook has opened five new stores in three states as it looks to expand its offline retail footprint to 15 and a 50 per cent jump in topline at Rs 150 crore by March next year, a top company executive said on Tuesday. The new stores have come up in Ghatkopar…
Representative image The Indian direct-to consumer (D2C) jewellery segment, with over 550 startups, has garnered $103 million in funding this year to date, according to a report on Thursday. In 2023, the D2C jewellery segment in India raised a total of $104 million, marking a 57 per cent increase from $66.3 million secured in 2022,…
Bengaluru-headquartered Techno Sportswear has raised $ 25 million (about Rs 208 crore) from the investment fund A91 Partners, according to people briefed on the transaction. The company manufactures performance wear targeted at the masses and markets its sportswear apparels under the brand name Technosport. This is also the first fundraise, sources added. The company, which…
Nirupesh Joshi and Mercy Amalraj Nirupesh Joshi and Mercy Amalraj were high-flying technology consultants, earning handsomely, with successful stints in Boston, Seoul and Hong Kong until 2018. One fine day the couple gave it all up, got into entrepreneurship in an entirely alien area: the world of mechanical watches the couple had all along been…
India‘s Shoppers Stop on Wednesday posted a 83.2% fall in second quarter profit as the department store was hit by rising expenses and weaker demand, with customers delaying purchases of clothes and cosmetics due to a late festive season. The festive season in India – which started in September last year – brings in the…
Sivaramakrishnan Ganapathi, vice chairman & MD, Gokaldas Exports The Bengaluru-headquartered Gokaldas Exports on Monday announced that it has, through its wholly owned subsidiaries, entered into an agreement to acquire Atraco Group (Atraco), a Dubai-based manufacturer of apparel with a strong market position and customer relationships across the US and Europe. The equity value of the…
