Jyoti Bansal, the 46-year-old founder of computer application company AppDynamics sold his firm to Cisco for $3.7 billion in 2017. The deal made hundreds of the startup’s employees millionaires. In an interview with CNBC Make It’s The Moment series, Bansal reflected on the complex emotions surrounding AppDynamics’ sale – from the challenging deliberation process to…
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…
Sachin Tendulkar is set for a new innings–off the pitch. The legendary cricketer is becoming an entrepreneur by launching a new sports athleisure brand jointly with former Swiggy Instamart head Karthik Gurumurthy, people aware of the development told ET. Former Swiggy executive Karan Arora is also joining as the third cofounder, they said. A holding…
New Delhi: Online-first fashion accessories startup Miraggio is planning to foray into the offline space with the launch of five new exclusive brand outlets this fiscal, the company’s founder and CEO Mohit Jain shared with ETRetail. In addition to exclusive stores, the company is also expanding its presence across multi-brand outlets, he added. Started in…
NEW DELHI: Hospitality startup Oyo, is looking to raise approximately Rs 1,000 crore ($120 million) in fresh round of funding, primarily from the family offices of prominent Indian corporate executives and stock market experts, as reported by The Economic Times citing people aware of the development.The startup valuation will plummet by 72% from $9 billion…
Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023,…
New Delhi: Six-year-old homegrown startup, Bangalore Watch Company wants to build a Swiss-quality luxury watch brand from India. Banking on Indian consumers’ growing discretionary spending coupled with an increased affinity towards homegrown brands, the company aims to reach the mark of 5,000 watches annually in the next 3 years, shared Nirupesh Joshi, co-founder and creative…
Fast fashion brand focussed on gen Z, Newme, on Wednesday told ET that it has raised $5.4 million (Rs 45 crore) in a seed funding round led by Fireside Ventures. The Bengaluru-based startup, which currently sells its own brand of clothing across both online and offline outlets was founded in 2022. It had in the…
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…
Amar Nagaram, founder and CEO, Virgio Within a year of having raised $37 million at a $160 million valuation, Virgio, a fashion startup set up by former Myntra chief executive Amar Nagaram, is shutting its fast fashion business. With about $25 million left in the bank, the firm has been eyeing a pivot for the…
