Author: Arabian Media staff
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Vertical marketplace Myntra said it is catering to 65% of its direct-to-consumer (D2C) beauty demand on Day 0 and Day 1, partly through its under-30-minute delivery proposition, M-Now. “When you are a part of the Myntra’s Rising Stars programme, there are a few things it solves for you. Speed is one of them for sure, 65% of our D2C brands’ demand is catered to on Day 0 and Day 1. In the cities where M-Now is present, a large part of that is through M-Now as well. You get high-visibility properties, so there’s demand generation that happens on the platform.…
Rochelle Hendricks moves fast.In 2022, a decade after opening her own insurance brokerage, she decided to try her hand at the siding business — fast-tracking the purchase of an Ideal Siding franchise in Ontario, Canada, in less than two months. Over the next two years, she opened three more locations and has now surpassed $1 million in annual sales.But what’s most important to her? It isn’t just the numbers. It’s the way her business benefits her family. She’s transformed her Ideal Siding franchises into a true family operation, including immediate and extended relatives. Here, she shares how she built momentum,…
Capitalmind Financial Services has secured its first institutional investment, with Rainmatter, the fintech fund backed by Zerodha Broking Ltd., taking a 10% stake.The deal follows the launch of Capitalmind’s mutual fund business, which recently raised Rs 45 crore in its debut offering.The investment aligns with the reopening of the Capitalmind Flexi Cap Fund for subscriptions. About 75% of the initial corpus came via direct plans, half of which were channelled through Zerodha’s Coin platform.“This is a financial investment to support them as they build out their asset management company,” said Nithin Kamath, founder and CEO of Zerodha and Rainmatter, according…
As India sets its sights on global trade leadership, homegrown startups and tech leaders are shaping the country’s next growth chapter. Here’s a roundup of what’s driving the momentum—from manufacturing milestones to digital breakthroughs.Featured StoriesIndia set to boost manufacturing share to 3% of global trade in five years: AccelIndia’s manufacturing sector is expected to contribute approximately 3% to the global goods trade by 2030, up from its current share of around 1.8%, according to a new report released by Accel. The report on Advanced Manufacturing also notes that “Domestic manufacturing is estimated to reach $1.3 trillion by FY30 at a…
India’s category III alternate investment fund commitments will triple to Rs 7.5 lakh crore by 2028, according to a new report by Indian Venture and Alternate Capital Association (IVCA) and EleveightCategory III AIFs are high risk .high return funds that utilise various strategies such as leverage and derivatives. Examples of these category of funds include hedge funds and private investment in public equity funds (PIPE). According to the report, Category III AIFs have grown faster than any other AIF category over the one, three, and five-year periods. This is primarily due to manager sophistication, expanding distribution, regulatory tailwinds, and the…
Zype, an AI-led digital lending platform focused on salaried individuals, has raised Rs 90 crore in Series B equity financing, led by Japanese venture capital firm UNLEASH Capital Partners. Existing investor Xponentia Capital also participated in the round. Unitus Capital advised the transaction exclusively.The company said it will use the new capital to diversify its credit and payments product suite, deepen its footprint in Tier II and Tier III cities, and continue building a sustainable, profit-driven lending model.“This fresh capital reinforces our mission to be a trusted customer-first credit platform for India’s emerging middle class,” said Yogi Sadana, Founder and…
The D2C fashion industry is a crowded space — and with good reason. Ecommerce and AI-powered technologies have enabled emerging businesses to shoot for the stars, and social media has opened doors to new audiences.Fashion is thriving in the D2C era. Media reports in 2024 suggested that the D2C fashion industry will account for 43% of the $100 billion market opportunity by 2025.Bolstering the stratospheric rise of D2C fashion brands is ecommerce giant Myntra through its Myntra Rising Stars program. Started in 2023, this comprehensive program is dedicated to strengthening the D2C ecosystem in India, across fashion, beauty and lifestyle…
The inaugural edition of Prosus Luminate, held at the Leela Palace in Bangalore, brought together over 750 of India’s most influential tech founders, investors, and innovators for a day-long exploration of India’s digital future. With a sharp focus on how technology is reshaping the country’s economic landscape, the event featured thought-provoking sessions that delved into fintech, AI, ecommerce, funding, hypergrowth, and the dynamics of India’s on-demand economy.Ashutosh Sharma, Head of the India Ecosystem at Prosus, opened the event by emphasizing India’s global innovation influence: “By anchoring Luminate here, we’re celebrating the ambition and global relevance of Indian innovation, and helping…
An IT manager in Gurugram got a call on a normal Tuesday. The caller ID said “Head of Operations”, and the voice on the other end, which was familiar, urgently asked for a large sum of money to be sent to an unknown vendor. He was used to getting requests like this every day, but this time something felt off. The IT manager’s suspicions were raised right away when the caller’s tone changed slightly. The IT manager sent a message to the real Head of Operations right away to ask for more information. The answer was scary: “What transfer? I…
