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1000+ D2C brands kick off festive season with 20% rise in order volume: GoKwik

Despite the surge in orders, the return-to-origin (RTO) rate (non-deliverability of COD orders) has come down by 26%, showcasing the efficiency of GoKwik's solutions in curbing RTO losses for these brands Mumbai: GoKwik, an eCommerce enabler, announced that over 1000...

Sequoia Capital exits Go Fashion; sells entire stake for Rs 625 cr

US-based Sequoia Capital through its affiliate Sequoia Capital India Investments IV offloaded the shares in Go Fashion (India)New Delhi: Venture capital company Sequoia Capital on Monday divested its entire 10.18 per cent stake in Go Fashion for Rs 625...

Purplle.com raises $45 million, to deliver 8-10X growth in the next 4-5 years

Purplle.com, one of India’s largest online beauty destinations, closed a $ 45M deal from Verlinvest, Sequoia Capital India, Blume Ventures, and JSW Ventures. While the three existing investors reinforced their commitment, Purplle welcomed Sequoia Capital India. The investment will...

Grofers raises US$ 200 mn led by SoftBank Vision Fund for market expansion

Online grocery retailer Grofers Wednesday said it has raised over US$ 200 million (over Rs 1,400 crore) in funding, led by SoftBank Vision Fund.The series F funding saw participation from new investor, KTB, and existing investors, Tiger Global Management...

DailyNinja secures US $3 mn funding from Saama, Sequoia Capital

Hyperlocal subscription-based delivery startup DailyNinja said it has raised US $3 million from Saama Capital and existing investor, Sequoia Capital.The company, which provides early morning delivery of everyday essentials, offers services in Bengaluru and Hyderabad and reaches 25,000 households."The...

Urban Ladder raises US $12mn from Kalaari, Saif Partners and others

Home furnishing company Urban Ladder said it has raised an internal round of US $12 million from Kalaari Capital, Saif Partners, Sequoia Capital, and Steadview Capital.In combination with the US $15 million raised in January 2017, these funds will...

HomeLane raises US $10 mn from Accel Partners, Sequoia Capital and RB Investments

HomeLane.com, India’s leading online home interiors brand has announced that it has raised US $10 mn from Accel Partners, Sequoia Capital and RB Investments. The startup will deploy the funds to fuel growth and technology innovation to attract customers and...

Urban Ladder raises Rs 102 crore in funding from existing investors

Bengaluru-based furniture and home decor e-commerce store Urban Ladder has raised Rs102 crore from existing investors. Kalaari Capital, which has remained invested in Urban Ladder since August 2012, pooled in Rs 30.64 crore, while another early investor, SAIF Partners, invested...

Craftsvilla looks to turn profitable in next six months

Online ethnic fashion, food and home decor marketplace Craftsvilla.com plans to launch in-house branded products in 2017 and is looking to turn profitable in the next six months. "We are considering launching our own in-house branded products next year in...

MobiKwik pivots business strategy; targets profits by April 2018

Gurugram-based mobile payments network MobiKwik aims to become profitable by April 2018, as it pivots its business strategy to increase presence in the offline space, a senior company official said. "We expect to become profitable by 2018 and continue to...
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Honasa Consumer posts Q4 profit at Rs 30.47 cr, sales up 21.5% at Rs 471 cr

Its revenue from operations grew 21.46% to Rs 471.09 crore in the fourth quarter of this fiscal. It was...
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