Investcorp leads $11.2M investment in Mumbai-based fashion brand Bewakoof Founded in 2011 by IIT alumni Prabhkiran Singh and Siddharth Munot, Bewakoof.com is a direct to consumer online apparel company focussed on providing creative and distinctive fashion at affordable prices for trendy and contemporary Indians.
Gurugram-based Online auto spare parts marketplace boodmo.com raises $1.4Mn(Rs 10 Cr) from existing investor Launched in 2015 by two Ukrainian entrepreneurs – Yevgen Sokolnikov and Oleksandr Danylenko – boodmo has over 1 million varieties of spare parts by 400 suppliers of over 3,000 Indian as well as international brands available on its e-store.
Noida-based Vernacular social commerce platform Mall91 raises Series A of $7.5M led by Go-Ventures Started in 2018 by Nitin Raj Gupta and Shubham Paramhans, Mall91 is a vernacular social commerce platform which combines live videos-based shopping, local language voice recognition-based catalogue, Whatsapp-like chat-based checkouts.
ITI to develop electronics ecosystem, 5G tech manufacturing hub in India NSE-listed ITI, which was established in 1948, will also facilitate the setting up of infrastructure including a 5G village in Bengaluru, assembly, testing, marking and packaging (ATMP) Line and a deeptech and intelligent electronics park.
Gurgaon-based Luxury discovery platform Smytten raises $1.5M in pre-Series A from Roots Ventures Smytten, a platform for luxury trials and discovery, will use the new investment to scale new user acquisition, for product innovation, and to build multiple touch points for brand discovery and sampling.
Google Arts And Culture App Gives A Digital Platform To India’s Vibrant Arts And Crafts Industry With the government also pushing to bring digitisation and online presence to India’s arts and crafts industry, Google has now launched a new feature in the Google Arts and Culture app that showcases the traditions and work that goes behind the scene in this segment.