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FirstCry: Existing investors seeking to sell stake

09 August 2022, Mumbai:

Japan’s SoftBank and NewQuest Capital Partners are among existing investors seeking to sell shares of IPO-bound FirstCry in the secondary market, valuing the baby products retailer in the range of $3.5-4 billion, according to several people in the know.

ALSO READ  FirstCry to recalibrate planned IPO


RELATED NEWS . FirstCry plans IPO to raise funds

The company having Prashant Jadhav, Co-founder plans to opt for a confidential filing if the Securities and Exchange Board of India (SEBI) finalizes its proposal to enable businesses to file confidential ‘pre-filing’ a SEBI.

This would enable FirstCry to decide whether or not to go for the IPO after seeing Sebi’s observations, without having shared any business information publicly.

FirstCry turned profitable in 2021 fiscal with a bottom line of Rs 216 crore. This was a significant improvement from its performance the year before when it reported a loss of Rs 191 crore.

(ET report)

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Madbow Ventures: Introduces Kali House, ethnic-wear brand

30 July 2022, Mumbai:

E-commerce lifestyle company Madbow Ventures has launched under the label Kali House, an ethnic collection with a view on the ensuing festive season. 

It has an impressive offering such as Designer Lehengas & Sarees, Kurtis meant & curated for daily wear, ethnic gowns, and Palazzo Pants, besides inspiring Mughal era-Anarkali suits collection.

RELATED NEWS . Madbow Ventures launches second store for Streetstyletalk


ALSO READ Madbow Ventures targets Rs 120 crore revenues in 2 years 

About Brand

Madbow entered the offline market in May 2022 with its first store in Gurugram and plans to open eight more stores within 6 months in the Delhi NCR region.

MadBow Ventures with Naveen Mahlawat, Co-founder & CEO, was established in August 2016, MadBowVentures has five in-house brands Stalkbae, Streetstylestalk, Slaydeal, Lovedamoda, and Slayxo.

It has also partnered with leading marketplace players like Myntra, Ajio, and Amazon Fashion, etc, to strengthen its presence in the fashion e-commerce space in India.

The company plans to launch many more stores in the coming months.

(Indian Retailer report)

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FLYROBE: India’s 1st & the largest fashion rental service

29 July 2022, Mumbai:

Officially trained in the field of Law, Aanchal Saini turned her head from her successful law practice towards her longing desire to pursue a career in fashion.

Entrepreneur Aanchal is currently serving as the CEO of the FLYROBE, India’s first and largest fashion rental company. “The world is moving towards a shared economy and here at FLYROBE we are capitalizing on this consumer behaviour shift in the fashion industry for the past 5 years says, Aanchal Saini.

RELATED NEWS .  Flyrobe: A desired product is more valuable than owning it 


ALSO READ Flyrobe touches a million customers

She founded RENT IT BAE in 2016 as a luxury fashion rental service offering ethenic, western accessories from designer labels & brands on rent at a fraction of cost.

She acquired Flyrobe in 2019 with a vision to multiply the business by 10X. 

Her core belief is that “Sustainable Fashion can transform the world with the offering of the mushrooming of the fashion rental industry.

Thus, catering to a mass audience through omnichannel expansion in the country and overseas is certainly a vision that will be a reality soon. Prior to establishing her love for fashion sustainability, she was a practising lawyer at Delhi High Court for 7 years.

Her key accomplishments include - setting up the Delhi International Arbitration Centre and becoming a true fashion rental aficionado. And gained wide recognition for setting up the Delhi International arbitration centre from scratch and eventually leading it to great heights.

Various media organisations- both print and online have published about the brand. Aanchal is also a Member of Facebook.

She Leads Tech, India and a Working Member, CAIF..

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Zivame: Monish Kaul Appointed As CT & PO

03 August 2022, Mumbai:

Zivame, Lingerie brand announced the appointment of Monish Kaul as its Chief Technology and Product Officer (CTPO).

The brand Zivame offers Bra, Activewear, Sleepwear, Panties, Activewear, Shapewear, Nightwear, Panties, and More.

​​Kaul comes with more than two decades of helping to powerful and meaningful solutions for businesses and his vast experience will help in enhancing and strengthening the Zivame platform.

ALSO READ  Zivame: Rishu Garg new CPO


RELATED NEWS .  Zivame launches online sale event in partnership with Ananya Pandey

The brand retails a range of lingerie, sleepwear, athletic wear, and shape-wear. During the lockdown, the brand increased its focus on loungewear, one of the breakout product categories of 2020 as shoppers stayed home.

Zivame also launched a range of face masks and hosted various interactive contests and events on its Facebook and Instagram pages, such as a logo design challenge and Zumba classes.

(Business World Report)

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Nykaa x Aveda: Plan to open salon stores

27 July 2022, Mumbai:

Premium personal care retailer Nykaa brings makeup, cosmetics & beauty product offers, and international haircare brand Aveda plan to open their joint shop and salon after opening their first in Bengaluru in spring.

Premium personal care retailer Nykaa has remained unaffected by the consumption slowdown as consumers are not yet cutting back on discretionary items like skincare and cosmetics.

RELATED NEWS . Nykaa: Consumers not yet cutting back on discretionary items 


ALSO READ  Nykaa: Saturday Skin brought in India

The e-commerce company for beauty, wellness, and fashion products has partnered with over 3,000 brands and 22 global brands who sell their products on Nykaa’s platform.

Most of Nykaa’s huge portion of sales comes from smaller towns in Tier II and III cities as consumer behavior in these towns mimics that in big cities due to growing access to social media.

(Fashion Network Report)

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ONDC: Tech investors advise their portfolio firms to join

20 July 2022, Mumbai:

Big tech investors such as Japan’s SoftBank and Sequoia Capital India have advised their portfolio firms to join the government’s Open Network for Digital Commerce (ONDC), multiple people briefed on the matter said.

RELATED NEWS .  ONDC: Snapdeal to debut on it 

ALSO READ ONDC: Intends To Digitize Value Chain

ONDC (Open Network for Digital Commerce) intends to enable Kirana and the value chain to run digital storefronts transparently with broader logistics and inventory options, analysts posit as the pilot continues in the early days.

The open network for digital commerce (ONDC ). The government-backed initiative aimed at curbing digital monopolies is working on a framework for an in-house settlement system.

ONDC which is being pitched as a solution to make the E-Commerce platform agnostic and therefore break the dominance of large etailers.

(ET Report)

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