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omnichannel beauty players: Funds make a beeline for beauty platforms; Purplle raises $100 million

ADIA leads a $100-million financing round in Mumbai-based beauty retailer Purplle at a valuation of $1.2-1.3 billion. Creaegis, a PE fund, is expected to join the funding round. MCaffeine, a caffeine-based skincare and haircare brand, is also in the middle of a fundraise process and exploring strategic investors. The funding would be in MCaffeines parent firm PepTechnologies, which houses skincare brand Hyphen, along with recent fundraise by Foxtale and Traya.
Prakash Parthasarathy Tarun Sharma Abu Dhabi Manish Taneja Nandita Sinha Swiggy Instamart

Tussle continues between logistics cos & aggregators; ecomm grows even as offline stores reopen

Tussle continues between logistics cos & aggregators; ecomm grows even as offline stores reopen : Rashtra News #Tussle #continues #logistics #cos #aggregators #ecomm #grows #offline #stores #reopen After learning that online logistics aggregators were trying to woo away their clients with lower prices, three large ecommerce-focussed delivery firms simultaneously hiked their fees for these aggregators
India General United States Yashas Karanam Anirudh Sharma Sushant Goel Ayush Bathwal

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restructuring: Startups shuffle top deck, play to ace long-term profitability game

At Third Wave Coffee, founder Sushant Goel transitioned to a board role after former KFC India head Rajat Luthra was roped in as chief executive, effective April 1. "The journey of starting up and getting the company at a certain scale is very different from taking it to the next level," said a venture investor with a global firm. "These changes are ultimately healthy in the sense that these startups are reaching a particular level."
Sushant Goel Vijay Arisetty Azhar Iqubal Vineet Rao Ashish Sharma Sankar Bora

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