Author: Ashish Bisht

Honasa Consumer Ltd, the parent company of popular skincare and personal care brand Mamaearth, is gearing up for its next phase of growth by venturing into the high-potential beauty tech segment. According to a report by The Economic Times, Honasa is actively exploring innovative product categories such as laser masks, LED light therapy devices, face massagers, and facial rollers. This strategic move marks a significant shift from Honasa’s current portfolio, which largely includes traditional beauty and personal care products under brands like Mamaearth, The Derma Co, and Dr Sheth’s. The decision to expand into tech-driven skincare solutions is aimed at…

In a significant boost for India’s growing tech startup ecosystem, testing automation startup Drizz has raised $2.7 million (approximately INR 23.4 crore) in a seed funding round. The round was led by Stellaris Venture Partners, a prominent venture capital firm known for backing early-stage technology companies. The funding round also witnessed participation from Shastra VC and notable angel investors including Anuj Rathi, former Chief Business Officer at Cleartrip, and Vaibhav Domkundwar, founder and CEO of Better Capital. Accelerating Innovation in Software Testing Drizz is on a mission to streamline and simplify the complex world of software testing through intelligent automation.…

India’s leading online grocery retailer, BigBasket, is facing turbulent times as it reported a significant revenue decline in FY25, a stark contrast to its previously robust growth. The primary reason behind this downturn is the intensifying competition from quick commerce platforms like Blinkit, Zepto, Swiggy Instamart, and Dunzo, which are rapidly reshaping the online grocery landscape. Decline in Revenue According to industry sources and financial reports, BigBasket witnessed a year-over-year revenue drop for the first time in several years. Analysts attribute this decline to the changing consumer behavior, where speed and convenience have become top priorities. While BigBasket has traditionally…

Amagi Media Labs, a media-focused Software-as-a-Service (SaaS) unicorn, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise INR 1,020 crore through an Initial Public Offering (IPO). The move marks a significant milestone in Amagi’s journey from a high-growth startup to a publicly listed entity in India’s booming SaaS and media-tech landscape. IPO Structure: Fresh Issue and Offer for Sale (OFS) According to the DRHP submitted by the company, Amagi Media Labs plans to raise INR 1,020 Cr via a fresh issue of equity shares. Alongside the primary fundraising, the…

Amid India’s booming quick commerce wave, Veeba founder and MD Viraj Bahl has emphasized that general trade (GT) — the country’s vast network of kirana stores — remains the most crucial and profitable channel for building a long-term FMCG brand. Speaking at a fireside session with Huddle Ventures’ Ishaan Khosla during Inc42’s ‘The D2C & Retail Summit’, Bahl shared strong views on the overdependence of emerging brands on fast-growing platforms like Blinkit, Zepto, and Swiggy Instamart. Read Also :- The Good Glamm Group Faces Shutdown as Lenders Move to Sell Its Brands “GT Is Where Real India Shops” “GT is…

India’s once-thriving content-to-commerce startup, The Good Glamm Group, is now nearing a complete shutdown. The company, known for acquiring and scaling up digital-first beauty and personal care brands, is in financial distress, prompting its lenders to take control of its brand portfolio. The latest move signifies a major downturn for one of the most high-profile players in India’s D2C (Direct-to-Consumer) space. Lenders Begin Asset Liquidation of Good Glamm Brands Darpan Sanghvi, the co-founder of The Good Glamm Group, confirmed in a public LinkedIn post that lenders have enforced their charge over the company’s assets. This means that brands under the…

Shares of foodtech giant Eternal surged as much as 14.8% on Tuesday, hitting a fresh 52-week high of INR 311.60, buoyed by investor optimism following Zomato’s robust revenue growth in Q1 FY26. Eternal, which owns Zomato, saw its stock rally sharply in early trade, mirroring the positive sentiment around the quick-commerce and food delivery space. By 11:11 AM, the stock had pared some gains but was still trading 8.6% higher at INR 294.55. At this level, Eternal’s market capitalisation stood at an impressive INR 2,85,602.13 crore, supported by a strong trading volume of 14.8 crore shares. The session’s upper circuit…

AceVector Limited, the parent company of Indian e-commerce platform Snapdeal, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) worth ₹500 crore. This marks a significant step for the company as it aims to make its stock market debut amid a renewed wave of interest in tech IPOs. Read Also :- OmSpace Rocket and Exploration Secures $3 Mn in Pre-Seed Funding to Advance Modular Launch Vehicle ‘Infinity One’ IPO Details and Objectives According to the Draft Red Herring Prospectus (DRHP) submitted to SEBI, AceVector plans to raise ₹500 crore through…

Ahmedabad-based spacetech startup OmSpace Rocket and Exploration has successfully raised $3 million (approx. INR 26 crore) in a pre-seed funding round. The round saw participation from a group of undisclosed family offices and angel investors, marking a strong vote of confidence in India’s rapidly growing private space sector. Founded in 2020 by Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali, OmSpace aims to revolutionize access to space with its flagship modular launch vehicle, Infinity One. With the newly secured capital, the company plans to accelerate the development of this innovative launch platform, purpose-built for low Earth orbit (LEO) satellite…

Jio Financial Services has reported a robust financial performance for the first quarter of FY26, showcasing significant revenue growth and steady profitability. The company posted a consolidated net profit of INR 324.7 crore, marking a 4% increase year-on-year from INR 312.6 crore in Q1 FY25. On a quarter-on-quarter (QoQ) basis, net profit grew 3% from INR 316.1 crore in Q4 FY25, reflecting resilience and operational efficiency in a dynamic financial environment. Revenue Soars 48% YoY, 24% QoQ The highlight of the quarter was the sharp increase in revenue, which surged 48% year-on-year to INR 612.5 crore, compared to INR 417.8…