'For D2C brands, quick commerce is the next big growth driver'
Bertelsmann India Investments, which has invested in D2C brands such as Nat Habit, Pepperfry and Licious, is predominantly focused on consumer-tech startups
Source: livemint.com
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startup funding: ETtech Deals Digest: Startup funding falls 30% on year to $73 million this week
Deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal.
Source: indiatimes.com
CaratLane's Mithun Sacheti joins Singularity Ventures; Abhishek Ganguly's Agilitas secures Rs 100 crore
Mithun Sacheti, who scored a Rs 4,621-crore exit from omnichannel jewellery retailer CaratLane to Titan in August, has joined Singularity Growth as a general partner. This and more in today's ETtech Top 5.
Source: indiatimes.com
nat habit: Ayurveda-focused B2C startup Nat Habit raises $10 million led by Bertelsmann
The company has previously raised about $7 million in total. From the current funding, about $2 million will be used for early-stage investor exits, in about 5X returns in four years. Its other past investors include Peak XV Partners, formerly Sequoia India and Southeast Asia.
Source: indiatimes.com
Deals in brief: Alibaba injects USD 634 million into Lazada, TikTok invests USD 1.5 billion in Tokopedia, 13 China deals, and more
Bringing you the latest news briefs on fundraising activities in the Asia Pacific.
Source: kr-asia.com