NEW DELHI: Thanks to its recent Rs 3,000-crore funding, SpiceJet has informed the Directorate General of Civil Aviation (DGCA) it plans to have all its grounded planes back in the air within 18-24 months. Ajay Singh’s airline has earmarked Rs 400 crore for spares, maintenance and engineering for this task. And in the interim, it…
New Delhi: Luxury brand Jaipur Watch Company has forayed into women’s watches with the launch of its new collection ‘Brides of Jaipur.’ “We realised we were missing 50% of the market. This propelled our foray into the women’s segment,” commented Gaurav Mehta, Founder, Jaipur Watch Company. Mehta expects the new collection, with an average selling…
BENGALURU: Edtech unicorn Physics Wallah on Friday announced the closure of its largest funding round, raising $210 million. India-focused hedge fund Hornbill Capital led the round, with participation from venture capital funds Lightspeed Venture Partners, GSV, and WestBridge Capital, bringing the company’s valuation to $2.8 billion.The Noida-headquartered company plans to hire 1,000 employees over the…
BENGALURU: Edtech unicorn Physics Wallah on Friday announced the closure of its largest funding round, raising $210 million. India-focused hedge fund Hornbill Capital led the round, with participation from venture capital funds Lightspeed Venture Partners, GSV, and WestBridge Capital, bringing the company’s valuation to $2.8 billion.The Noida-headquartered company plans to hire 1,000 employees over the…
The govt on Friday told the Lok Sabha that it had no plans to bring any law regarding electoral bonds for the funding of political parties, while replying to questions on electoral bonds. The govt added it had no plans for an alternative funding proposal to the electoral bonds either, for the political parties.Trinamool Congress…
Business-to-business (B2B) fashion marketplace Zyod has raised $18 million in a mix of equity and debt funding. The funding was led by venture firm RTP Global, while the debt capital was raised from Stride Ventures, Trifecta Capital and Alteria Capital. The “majority” of the funding was in primary equity, cofounder Ankit Jaipuria told ET. Existing…
Representative Image New Delhi: Ethnic fashion retailer Libas has raised Rs 150 crore from ICICI Venture, marking its first external fundraise. The company plans to use the funds to further strengthen its omnichannel presence and ramp up its retail stores across key metros and tier 1, 2, and 3 cities over the next few years….
Representative Image New Delhi: Apparel brand Cantabil Retail has raised Rs 50.4 crore in Q4 FY24, said Vijay Bansal, CMD, Cantabil Retail India in a media release. The announcement comes along with Cantabil’s Q4 results. “We have further strengthened our balance sheet strength by raising ₹ 50.4 crores from marquee investors in Q4 FY24 which…
Men’s innerwear brand XYXX, which closed the last fiscal with Rs 110 crore revenue, is targeting 50-70 per cent growth this fiscal. The brand foresees 50 per cent growth year-on-year for the next 10 years, Yogesh Kabra, founder, XYXX told ETRetail. To meet the expected revenue target, the brand is focusing on offline expansion along…
New Delhi: Bagzone Lifestyles, the parent company of fashion accessories brand Lavie has raised USD 9 million in a funding round by First Bridge India Growth Fund, shared a top official of the company. This is the first external funding for the bootstrapped startup, said Ayush Tainwala, CEO, Bagzone Lifestyles. He declined to share the…
