23 April 2022, Mumbai:

Startups in India are growing in scale and size, but are increasingly addressing the needs of global markets, said Nikesh Arora, CEO, and chairman at Palo Alto Networks.

ALSO READ START-UP India Innovation Week 2022: 10-16, January Virtual Form

"What is fascinating is that I am beginning to see a class of startups which are global in nature."

RELATED NEWS Mamaearth parent co: Wow! 1st unicorn of Indian Start Up universe in '22

Asked if the cash-burn model of many startups is sustainable, he said, "In the end, you have to build a credible, robust long-term business.

And credible, long-term, robust businesses are built on creating profitability and cash because that's what we value as investors." 

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16 April 2022, Mumbai:

Tata Neu app. to host other brands too.

Tata Neu super app. which houses the Tata Group's various brands from Taj to Westside will host brands outside of the conglomerate, group chairman N Chandrasekaran said on Thursday.

READ MORE NEU Day @Tata Digital: Super App Neu arrives

Tata Neu is an open architecture.

RELATED NEWS e-commerce hiring in an elevated mode in 2021 & uptrend, up-cycle set to continue in 2022

There will be offerings outside of the Tata stable, he said, without divulging details.

Similarly, the app's rewards programme, NeuPass, will cover Non-Tata brands.

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CREDITS: TOI Dt 15-04-2022 (The news article has not been edited by DFU Publications staff).

21 April 2022, Mumbai:

Nykaa to launch salons with Estee Lauder's haircare brand Aveda.

It will employ a hub-and-spoke model for salons, similar to what wholesaler Metro Cash & Carry does with Kirana stores.

ALSO READ Nykaa aims at 3x retail store count to build its offline presence: CEO Falguni Nayar

The move marks beauty retailer Nykaa’s foray into India’s fragmented wellness and beauty services market dotted with regional chains.

With this move, it teams up to launch AvedaX Nykaa-branded premium unisex hair care salons in India.

RELATED NEWS NYKAA: India set to become 5th largest beauty market

Aveda is a vegan hair, skincare, and body care brand, part of the New York-based Estée Lauder Companies Inc.

In India, Aveda’s vary of hair care and physique care merchandise have been retailing since 2018 on Nykaa’s on-line platform and distributed by way of ELCA, which retails varied manufacturers of Estée Lauder.

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CREDITS: ET Dt 20-04-2022 MINT Success News Pehal News (The news article has not been edited by DFU Publications staff)

08 April 2022, Mumbai:

Tata Digital's Super App Neu is open for Biz at last.

Akash Banerjee to head content arm

After several delays, Tata Group finally launched its much-awaited super app Tata Neu for the public on Thursday.

ALSO READ Retailers to centralise omnichannel operations in 2022: Study reports

Tata Neu-Live The Neu

"Tata Neu is an exciting platform that gathers all our brands into one powerful app." Tata Sons chairman N Chandrasekaran said in a LinkedIn post, "Combining our traditional consumer-first approach with the modern ethos of technology, it is an all-new way to discover the wonderful world of Tata."

RELATED NEWS e-commerce hiring in an elevated mode in 2021 & uptrend, up-cycle set to continue in 2022

Tata-owned brands including BigBasket, 1mg. Croma, AirAsia, IHCL, Qmin, Starbucks, Tata Cliq, Tata Play, and Westside will be available on the super app initially. he said. Vistara, Air India, Titan, Tanishq, and Tata Motors will be added soon.

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CREDITS: ET Dt 08-04-2022 (The news article has not been edited by DFU Publications staff).

14 April 2022, Mumbai:

The investors of Singapore-based B2B fashion e-commerce startup Zilingo have hired an independent firm to investigate a 'matter' that came to light in March, and have put CEO Ankiti Bose on suspension pending investigation, the board members of the tech startup said in a statement to TOI on Wednesday.

RELATED NEWS START-UP India Innovation Week 2022: 10-16, January Virtual Form

The 'matter' being investigated relates to accounting and financial irregularities at the startup, sources told TOI Bose is learned to have disputed the allegations.

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CREDITS: TOI Dt 14-04-2022 (The news article has not been edited by DFU Publications staff).

18 April 2022, Mumbai:

Falguni Nayar has the founder and chief executive officer (CEO) of beauty supply company Nykaa (FSN E-commerce) been named the EY Entrepreneur of the Year 2021, at the 23rd edition of the EY Entrepreneur of The Year India awards.

Ms Falguni Nayar, Founder & CEO, of Nykaa, was today named the EY Entrepreneur of the Year™ in 2021 and will now represent India at the EY World Entrepreneur of the Year Award (WEOY) on 9 June 2022.

ALSO READ Falguni Nayar named in M3M Harun Global Rich List 2022

Shri Bhupender Yadav, Honourable Minister of Labour & Employment and Environment, Forest & Climate Change graced the ceremony as the Chief Guest and addressed the audience.

Dr Bhagwat K Karad, Honourable Minister of State for Finance was the Guest of Honour.

An investment banker turned entrepreneur, Falguni Nayar disrupted a brick-and-mortar industry by taking a digital route to sell beauty products in 2012.

RELATED NEWS Nykaa aims at 3x retail store count to build its offline presence: CEO Falguni Nayar

Her start-up, Nykaa, is one of the most profitable start-ups in the country with a strong Omni-channel presence.

Over the last two years, she has diversified from beauty into fashion and lifestyle and has a well-established portfolio of over 2,600+ international brands and 100+ offline stores.

The company recently raised fresh capital for expansion through a blockbuster IPO. Falguni was the recipient of the EY Entrepreneur of The Year Award in the Start-up category in 2019.

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CREDITS: EY (The news article has not been edited by DFU Publications staff)

11 April 2022, Mumbai:

Aslee is a word from the Hindi and Nepali language that translates to Real.

It reflects its attitude towards life and work, the focus on building real, durable, ecologically responsible, and fashionable products.

It is an independently-run entity and everything we do is to bring you better, more sustainably made higher-quality lifestyle products.

ALSO READ START-UP India Innovation Week 2022: 10-16, January Virtual Form

Good brands have charm.

Great brands have souls.

Nitij Singh, who co-founded the startup Aslee with Zoya Wahi is quite proud of their initiative.

RELATED NEWS MADBOW Ventures: Eyes at ambitious growth trajectory

KEY DIFFENTIATOR

Packaging waste is a very visible part of the environmental issue.

Its Fabrics

Breathable Bamboo

Many rural Asian communities rely on Bamboo agriculture for work and it is great for the planet because it requires minimal water for growing.

Know More Holistic Hemp

The Hemp plant has been around in Nepal and India for centuries. This plant grows faster than other similar plants and is naturally resistant to fungus.

Know More Native Nettle

The miracle Himalayan plant called Himalayan Nettle is also known locally as ‘Allo’ or 'Bicchu Booti'. The fabric made from this plant stays cool in the summer and warm in the winter.

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CREDITS: Aslee (The news article has not been edited by DFU Publications staff).

07 April 2022, Mumbai:

BlueKaktus, India's largest fashion and lifestyle digital supply chain network, is on target to connect 5,000 suppliers with brands utilizing its sourcing platform in the next six months.

BlueKaktus' mission, according to the company, is to create a sustainable supply chain by improving lead times, pricing, and performance by giving transparency and agility to garment companies, manufacturing, sourcing, and retailing businesses through its digital solutions.

It's worth mentioning that BlueKaktus started with a few hundred suppliers, quickly expanding to 2,000 in a short period of time, and currently hoping to incorporate 5,000+ businesses.

ALSO READ Through its technology suites, BlueKaktus assists major fashion brands in achieving operational excellence

When compared to last year, when just 1 million clothes were sourced per month, BlueKaktus saw an exponential surge in sourcing, with over 11 million garments sourced per month, with 20 million garments anticipated to be sourced in the following six months.

According to BlueKaktus, the value of the garments obtained is currently worth US $ 120 million each month and is anticipated to reach US $ 250 million per month by the end of the next financial year.

Leading companies such as Myntra, USPA, Arrow, Amazon, Lifestyle, and others are employing the company's technologies to provide improved consumer experiences.

RELATED NEWS BlueKaktus software helping 'Indian Fashion Companies' flourish

"In the fashion sector, the business model is shifting to on-demand production. Producers are reacting to demand in real-time rather than predicting it. As a result, the principles of fashion are evolving.

"At BlueKaktus, we deliver technology solutions that help manufacturers, sourcing businesses, and retailers reduce lead times, cut costs, and improve performance," said Gunish Jain, CEO of BlueKaktus.

BlueKaktus also intends to be the country's largest fashion and lifestyle digital supply chain firm, contributing to the creation of the new fashion 'pull economy,' according to Gunish.

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CREDITS: Textile Value Chain & Apparel Resources.