Deconstruct Skincare Raises INR 65 Crore to Lead the Evidence-Based Skincare Revolution in India
Bengaluru-based D2C skincare brand Deconstruct has announced a significant funding milestone, raising INR 65 crore (approximately $7.5 million). The round was led by L’Oréal’s venture capital arm BOLD, along with V3 Ventures and DSG Consumer Partners. Existing investors, including Kalaari Capital and BEENEXT, also participated in this round.
Deconstruct Skincare Secures INR 65 Crore Funding to Expand and Innovate
The newly secured funds will be directed toward product innovation, venturing into new categories, and enhancing Deconstruct’s existing product range. Additionally, the company aims to strengthen its distribution network, with a particular focus on quick commerce platforms and expanding its presence in retail.
Founded in 2020 by Malini Adapureddy, Deconstruct has built its reputation as a brand that offers evidence-based skincare solutions. The company’s product lineup includes serums, face washes, shampoos, and sunscreens, all of which are formulated to be gentle and effective.
Reflecting on the milestone, Adapureddy stated, *“This is a proud moment for us and a testament to the trust placed in our brand by both our consumers and investors. With this funding, we are committed to creating products that deliver highly effective results while
With Rs 103 Crore in Sales, Innovist Eyes Big Plans for 2024 Expansion
Founded in 2019 by Rohit Chawla, Sifat Khurana, and Vimal Bhola, Innovist has rapidly become a notable name in the personal care sector. With a focus on delivering high-quality products, the company’s core values—cleanliness, transparency, and scientific innovation—are at the heart of its offerings.
Based in Gurgaon, Innovist operates three distinct sub-brands: Bare Anatomy, which focuses on custom hair care solutions; Chemist at Play, offering a range of skincare products; and SunScoop, a line dedicated to sun protection. Its portfolio includes a variety of products such as shampoos for hair fall and dandruff, hair masks and serums, lip balms, AHA body lotions, retinol body lotions, and under-eye creams.
The founders emphasized their approach to building a “science-led House of Brands,” drawing on their expertise in brand development, in-house research, and top-tier manufacturing. Innovist operates with a vertically integrated business model, overseeing everything from product creation to sales.
The company has garnered support from investors such as Sauce.vc, Falguni & Sanjay Nayar Family Office, Amazon Smbhav Venture Fund, Accel Partners, and the Patni Family Fund.
For the financial year 2023-24, Innovist achieved a total revenue of Rs 103 crore. Looking ahead, the company is aiming for significant growth, targeting three times that figure in the upcoming fiscal year, driven by innovative product launches and expanded retail operations.
Quick Commerce Soars in 2024: Food, Fashion, and Medicines Lead the Charge
The year 2024 marked a pivotal shift in the quick commerce and last-mile delivery landscape across India. From food and fashion to medicines, a wide range of products saw a surge in online orders, especially in major cities.
As the year drew to a close, new trends in delivery patterns across India painted a picture of rapid growth and changing consumer preferences. Borzo, a global intra-city courier service (formerly WeFast), analyzed data from over 15 million deliveries across the country to pinpoint the emerging categories of 2024.
While food and clothing continued to dominate online purchases, there was a noticeable rise in the demand for pharmaceutical products and document deliveries. The growing trend of ordering medicines online is driven by the ease and convenience of having prescriptions delivered directly to consumers’ doorsteps with minimal hassle.
Additionally, there was a marked increase in demand for delivery services focused on groceries and documents, indicating a shift toward online grocery shopping and the quick, efficient delivery of important paperwork within cities.
These emerging demands reflect a broader change in consumer behavior, with an increasing preference for speed and convenience in delivery services. This shift highlights how the quick commerce sector in India is evolving to meet the fast-paced needs of modern consumers.
How IKEA’s Renewable Energy Investments Cut ₹100 Million in Electricity Costs and Boosted Growth by 23.7%
IKEA, the global leader in furniture retail, has shared how its shift to renewable energy has not only benefited the environment but also led to significant cost savings. The company has managed to cut nearly ₹100 million off its electricity bills by making the switch.
As part of its broader growth strategy, IKEA is focusing on expanding its presence in India. Juvencio Maeztu, Deputy Global CEO, stated that the company plans to diversify its supply chain, foster local manufacturing partnerships, and increase value addition in its portfolio from one-third to almost half.
In a recent interview with ET’s Sruthijith KK at the World Economic Forum in Davos, Maeztu discussed how balancing investments in technology and sustainability can be challenging. He acknowledged that while pursuing sustainability goals may seem at odds with short-term profits, IKEA has found that prioritizing sustainability has consistently paid off in the long run.
IKEA is also making strides in India with its eco-friendly initiatives, including home deliveries using electric vehicles (EVs). Currently, EV trucks are used for 90% of deliveries across the country, and 100% of deliveries are made with EVs in cities like Hyderabad, Bangalore, and Pune. Maeztu emphasized that this approach proves it’s possible to lower environmental impact while cutting costs.
In addition to these green efforts, IKEA has reduced its climate footprint by 30%, while seeing a 23.7% increase in growth. The company has also saved ₹97 million globally through energy efficiency and renewable energy investments. Looking ahead, IKEA plans to source 100% of its operational energy in India from renewables in the coming fiscal year.
Maeztu also highlighted that IKEA is proud of its diverse workforce in India, with women now making up half of its employees across all levels, reinforcing the company’s commitment to inclusivity and diversity.
Zomato Faces Rs 95 Crore Increase in Losses and 14% EBITDA Decline, Sticking to Expansion Plans
Zomato, the food delivery leader, is preparing for a challenging year ahead as it forecasts continued losses in the near future. CEO Deepinder Goyal pointed to a slowdown in demand for food delivery services, which has placed significant pressure on the company’s operations, even as it pushes forward with ambitious growth plans.
In its latest financial update, Zomato reported a 14% drop in consolidated Adjusted EBITDA, which amounted to Rs 45 crore, despite seeing some improvements in food delivery margins. The decline can largely be attributed to increased spending on expanding Zomato’s quick commerce network, a move that has widened the company’s losses by Rs 95 crore compared to the previous quarter. Following the announcement, Zomato’s stock took a hit, falling 3.14% to Rs 240.95 per share on the BSE, after reaching an intraday low of Rs 228.80.
Despite the short-term setbacks, Goyal expressed confidence in the company’s future, reaffirming that Zomato is still on track to achieve its goal of 2,000 stores by December 2025—one year ahead of schedule. However, the push to rapidly expand its store network could create difficulties in the immediate term, with some stores potentially underperforming and impacting profitability in the upcoming quarters.
Rapido Sets Ambitious Goal to Expand to 500 Cities Across India Following $200 Million Funding Round
Rapido, the mobility startup backed by WestBridge, has unveiled bold plans to broaden its reach across India by launching operations in 500 cities. This marks a significant leap from its current presence in more than 120 cities. As per reports, the expansion will unfold in stages starting February, initially targeting key states such as Karnataka, Gujarat, Tamil Nadu, West Bengal, and Rajasthan.
The subsequent phases will see Rapido extending its services to other states including Punjab, Haryana, Uttar Pradesh, and Uttarakhand, among others.
This move comes after the company raised $200 million in a successful funding round in September, earning it unicorn status. With a daily ride count of 3.6 million, Rapido has solidified its position as a major player in the Indian mobility landscape. The surge in its growth highlights the rising need for affordable and accessible transportation solutions, particularly in urban and semi-urban areas.
Co-founder Pavan Guntupalli shared his excitement about the expansion, commenting, “Our expansion to 500 cities reflects our dedication to empowering individuals and creating a more interconnected India. With 1.3 crore Captains who have collectively earned over ₹15,000 crore, we’re not just providing rides—we’re fostering economic opportunities.” Through its platform, Rapido continues to offer essential transportation services while creating livelihood opportunities for thousands of drivers, known as Captains, who rely on the platform for their income.
Zomato’s Blinkit Shifts Focus to Smaller Cities with New Dark Store Expansion
Blinkit continues to drive a significant portion of its revenue from major cities, but Zomato is now shifting focus to smaller cities, planning to expand its quick commerce arm with more dark stores over the next year.
During a post-earnings call, Zomato CEO Deepinder Goyal shared that the company sees strong potential for Blinkit in smaller cities, particularly from a return on investment (RoI) perspective. As part of its ongoing expansion, Blinkit plans to open a substantial number of dark stores in these regions in the coming year.
“We believe that once we establish a solid presence and density in these smaller cities, we’ll be in a better position to share data about how these cities differ, if at all, from the larger ones,” Goyal remarked.
While Blinkit’s top eight cities currently account for 80% of its business, the shift to smaller markets comes with new opportunities. However, the company reported a sharp rise in its adjusted EBITDA loss for Q3 FY25, which saw a 13-fold increase to INR 103 Cr from INR 8 Cr in Q2. Compared to last year, the loss grew by 5.7%.
Goyal noted that the quarter had been one of the most challenging in the past ten, with a surge in marketing expenses due to heightened competition. Blinkit’s chief Albinder Dhindsa addressed these pressures in the company’s shareholder letter, explaining that increased competition has been a driving force behind customer awareness and the faster adoption of quick commerce.
Drawing parallels to the early days of food delivery, Dhindsa pointed out that intense competition leads to more spending on customer acquisition across the industry. He added that this competition ultimately benefits players who maintain strong service quality, even as margin expansion has slowed. However, Dhindsa reassured investors that this is only a temporary setback.
Samsung Teams Up with Eka Care to Revolutionize Health Management with New App Feature
Samsung has teamed up with healthtech startup Eka Care to introduce a new “Health Records” feature in the Samsung Health app, designed to give users better control over their health data. This integration allows users to create and access their Ayushman Bharat Health Account (ABHA) directly through the app, making it easier to manage medical records from healthcare providers across the country.
The initiative aligns with the Indian government’s Ayushman Bharat Digital Mission (ABDM) and aims to seamlessly integrate Samsung users into the nation’s digital health ecosystem. By enabling secure access to digital health records, the feature simplifies data sharing with doctors and caregivers, giving users more autonomy over their healthcare journey.
“Our goal is to improve the everyday lives of our users by providing innovative, user-friendly solutions,” said Kyungyun Roo, Managing Director of Samsung Research Institute, Noida. “With the Health Records feature, we’re empowering users to securely manage their health history, track their progress, and share information whenever needed, all from their smartphones.”
This feature is the result of a collaborative effort between Samsung’s R&D, UX Design, and Consumer Experience teams, working closely with Eka Care to bring this vision to life. By integrating technology and healthcare, Samsung is setting a new standard for convenience and accessibility in personal health management.
Vicky Kaushal & Havells’ urge men to take charge of their looks in the new campaign
Havells India Limited, one of the leading players in the Fast Moving Electrical Goods (FMEG) sector and consumer durables, has launched two campaigns that feature Bollywood actor Vicky Kaushal for the grooming range. The campaigns which convey the message of #TakeChargeofYourLook, throw a light on the unique grooming solutions of Havells for men.
The Havells’ Super Grooming Kit and Trimmer range have been designed to meet the daily grooming needs of modern men. The grooming products offered by the brand can be customized and turn the process of styling simplistic and hassle-free.
The campaigns, conceptualized by 82.5 Communications, reflect Havells’ commitment to providing advanced grooming solutions that enable consumers to take control and be in charge of their styling and looks with confidence. They further highlight the significance of grooming as a means of individuality and self-expression, offering empowerment to everybody to embrace their personal journeys.
The campaign will be amplified across digital and BTL channels.
The first ad film tells the light-hearted story of an everyday moment which showcases the effortless precision and glide of the Havells’ Super Grooming Kit. The quirky exchange between Vicky and his neighbor brings to light the fact that the users are equipped with the product and get great results by using it without making much effort.
The second ad film takes an empowered approach. Vicky helps his friends navigate the professional and personal opportunities in their lives. With his advice, they discover that being in charge of their looks and appearance is an important step towards unlocking their fullest potential and building confidence in their abilities.
Watch the ad films here:
Speaking on the concept behind the campaign, Deepak Bansal, SBU Head, Electric Consumer Durables, Havells India said: “The young consumers nowadays set the trends treating grooming as an extension of their personalities. They are ready to embrace ingenious products aligning with their lifestyles. With our state-of-the-art grooming range, Havells is catering to this growing segment, offering grooming tools that are stylish, efficient, and easy to use. The ‘Take Charge of Your Look’ campaign spearheaded by Vicky Kaushal, is resonating with this target group on a deeper level, offering them inspiration to adopt and embrace a self-assured and confident approach towards grooming right from the start.”
Sharing her thoughts about the campaign, Chandana Agarwal, President, 82.5 North & East said: “Personal grooming is an inherent part of self-expression and our campaign with Havells intends to motivate the individuals to own their looks with confidence and pride. With Vicky Kaushal being the face of this campaign, we were willing to bring to life this thought process that grooming is not only about looking good, it is also about being empowered to make a mark in every area of our lives.”
Rapido Gears Up for Pan-India Expansion After 46% Revenue Surge in FY24
Rapido, the Bengaluru-based ride-hailing company and a key competitor to Ola and Uber, has unveiled plans to expand its services to 500 cities across India, up from its current presence in over 120 cities.
The expansion will begin in February, targeting major states like Karnataka, Gujarat, Tamil Nadu, West Bengal, and Rajasthan in its first phase. Subsequent phases will cover additional regions, including Punjab, Haryana, Uttar Pradesh, and Uttarakhand.
This announcement follows Rapido’s milestone of achieving unicorn status in September last year, when the company raised $200 million in funding at a valuation of $1 billion.
Founded in 2015, Rapido started as a two-wheeler ride-hailing platform and later diversified into three-wheeler and cab services. Today, it manages an impressive 3.6 million rides daily.
Speaking at the Bharat Mobility Expo 2025, Co-founder Pavan Guntupalli highlighted the company’s mission to connect riders and drivers across India, while creating substantial earning opportunities for its driver partners, known as “Captains.” To date, more than 1.3 crore Captains have collectively earned over ₹15,000 crore on the platform.
Rapido’s growth is also evident in its financials. In FY24, operating revenue surged by 46%, reaching ₹648 crore, driven by increased customer bookings and new business expansions. The company also made strides in reducing its net loss, narrowing it to ₹371 crore from ₹674 crore in the previous fiscal year, thanks to improved cost management and a stronger revenue base.
With its upcoming expansion, Rapido aims to cement its position as a leading mobility platform, catering to a wider audience across the country.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
