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Claire’s Collapses Again: Jewelry Chain Files for Bankruptcy With ₹5,700 Cr Debt, May Shut 800 Stores

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Claire’s Collapses Again: Jewelry Chain Files for Bankruptcy With ₹5,700 Cr Debt, May Shut 800 Stores

Fashion jewelry chain Claire’s has filed for Chapter 11 bankruptcy protection in the U.S. for the second time, weighed down by nearly $690 million in debt and an evolving retail landscape that has steadily eroded its core business. The filing, made in the U.S. Bankruptcy Court in Delaware, outlines plans to shutter hundreds of stores and seek a buyer for its remaining 800 outlets.

The company’s latest bankruptcy comes seven years after its first in 2018. Despite a short recovery post-pandemic, recent pressures from high rents, rising import tariffs, and aggressive competition from fast-fashion and specialty players have pushed the Chicago-founded retailer to the brink once again.

Claire’s currently operates more than 2,300 locations across 17 countries, including 210 shop-in-shops inside Walmart and another 120 under its Icing brand. In addition, it manages around 9,000 concession kiosks in malls and shopping centers globally. The company warned that if a sale is not finalized quickly, it could be forced to close all of its stores.

Founded in 1961, Claire’s is best known for serving generations of American girls, many of whom experienced their first ear piercing at its stores. Since 1978, the retailer claims to have pierced more than 100 million ears. But this once-reliable rite of passage has lost ground to specialty chains like Lovisa, Rowan, and Studs, as well as online retailers such as SHEIN, which have eaten into Claire’s customer base.

Adding to the burden, more than half of Claire’s products are imported from China. Tariffs imposed under former President Donald Trump’s administration have inflated its costs by over $30 million since April 2025, further impacting margins.

Claire’s had filed for an IPO in 2021 but formally withdrew those plans in mid-2023.

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Nuuk Raises $2 Million More in Series A Extension, Targets Wider Retail Push & New Product Lines

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Nuuk Raises $2 Million More in Series A Extension, Targets Wider Retail Push & New Product Lines

Gurugram-headquartered home appliance brand Nuuk has raised an additional $2 million in funding, rounding out its Series A at a total of $6.6 million. The fresh capital comes from existing investors Vertex Ventures Southeast Asia and Good Capital, both of whom doubled down on their bets in the brand’s latest extended round.

The direct-to-consumer brand, founded in 2023 by Gazal Kalra, operates in the growing smart appliances segment. Nuuk’s portfolio includes kitchen essentials, vacuum cleaners, garment care products, fans, and other home tech categories aimed at India’s digitally savvy, urban consumer base.

 Kalra said the additional funding will help the company accelerate product innovation and expand operations across new markets. “We are building a new kind of appliance company, one that thinks software-first but delivers tangible, design-led consumer value,” she said.

The company previously raised $4.6 million in the initial leg of its Series A round earlier this year. The added infusion brings Nuuk’s total funding to date closer to the $10 million mark, a significant milestone for a company that only launched commercially a little over a year ago.

The funding comes at a time when the Indian consumer electronics market is undergoing rapid transformation, with a strong appetite for connected, multifunctional devices that deliver both performance and aesthetics. Nuuk is positioning itself at the intersection of utility and design, focusing on engineering-first products with a distinctly premium, modern identity.

With the expanded capital pool, Nuuk plans to roll out new categories and deepen its presence both online and in retail touchpoints. The company has already built a loyal early adopter base and is now betting on wider demand across Tier I and II cities, where awareness and expectations around smart home appliances are rapidly growing.

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Outzidr Raises ₹27 Cr to Stitch Up Gen Z’s Wardrobe; Drops 2,000 New Styles a Month and Eyes First Offline Store

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Outzidr Raises ₹27 Cr to Stitch Up Gen Z’s Wardrobe; Drops 2,000 New Styles a Month and Eyes First Offline Store

Outzidr, the digital-first fashion label designed for Gen Z women, has secured Rs 27 crore in a pre-Series A funding round led by RTP Global, with follow-on participation from Stellaris Venture Partners. This marks the second investment in the startup by Stellaris, which had earlier led its Rs 30 crore seed round.

Founded in 2024 by Nirmal Jain, Mani Kant Mani, and Justin Mario, Outzidr launched operations just six months ago and has already crossed 100,000 customers, boasting retention metrics 1.5 times higher than industry norms. The brand currently drops around 2,000 new styles every month through its own D2C platform and marketplaces such as Ajio, Myntra, and Nykaa Fashion.

Its fast-fashion engine runs on a test-and-scale model—small experimental batches are launched weekly, and the top performers are scaled rapidly. So far, more than 8,000 styles have been listed online.

The fresh capital will be used to deepen tech and supply chain capabilities and expand the team across design and operations. The company is also targeting its first exclusive offline store by March 2026.

Outzidr’s offerings are tailored to Gen Z’s social lifestyle, covering categories like brunchwear, date-night looks, college festival fits, and concert-ready pieces for women aged 18 to 28.

“This isn’t just fashion. It’s a reflection of how India’s next generation dresses to express,” said Nirmal Jain, CEO and co-founder. “We’re here to build a brand that evolves at the same pace as the people we serve.”

India’s fast fashion market, valued at $10 billion today, is projected to cross $50 billion by FY31, growing at a CAGR of 30 percent, according to RedSeer.

RTP Global’s Pavitra Gupta said, “Outzidr has the pulse of the next generation. The execution so far has been razor-sharp, and the opportunity ahead is massive.”

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Country Delight Launches High-Protein Cow Milk as 90% of Indian Vegetarians Fall Short on Nutrition

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Country Delight Launches High-Protein Cow Milk as 90% of Indian Vegetarians Fall Short on Nutrition

Country Delight has introduced a high-protein variant of cow milk, offering 30 grams of protein per 450 ml pack—more than double the protein content of standard milk. The launch comes as India grapples with a significant nutrition gap, with studies showing that 73 percent of the population does not meet the recommended daily protein intake. Among vegetarians, this number exceeds 90 percent.

The Gurgaon-headquartered startup said the milk is produced using an advanced filtration method, which naturally concentrates the protein content without relying on synthetic additives or reconstitution powders. According to the company, one serving of this new milk variant delivers roughly half of an average adult’s daily protein requirement.

Chakradhar Gade, co-founder and CEO of Country Delight, said the product is part of a larger clean-label strategy focused on minimal processing and transparency. “We’re not in the business of making meal replacements. Our goal is to upgrade daily essentials like milk, curd, and paneer so that better nutrition becomes routine,” he said.

This launch places Country Delight in direct competition with larger dairy brands like Amul, Mother Dairy, and Parag Milk Foods, which have also expanded into high-protein categories in recent quarters. These companies have rolled out fortified yogurt, paneer, and whey beverages as part of a broader shift toward functional dairy.

Industry watchers say the rise in protein-forward offerings reflects growing demand for nutritionally dense foods that don’t disrupt traditional eating habits. As consumers become more aware of the health risks associated with low protein intake—ranging from fatigue to poor muscle health—staple foods like milk are becoming key vehicles for nutritional intervention.

Country Delight’s high-protein milk is expected to roll out across major metro markets starting this month, with protein-rich curd and paneer variants in the pipeline.

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Tiger Shroff Unveils Prowl Men’s Grooming: Skincare Startup Hits Amazon & Myntra with Rs 1,000 Cr Ambition

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Tiger Shroff Unveils Prowl Men’s Grooming: Skincare Startup Hits Amazon & Myntra with Rs 1,000 Cr Ambition

Actor and fitness icon Tiger Shroff has entered the personal care market with the launch of Prowl Men’s Grooming, a new skincare and hygiene range aimed at Indian men. The line debuted this week and is now available on Amazon and Myntra, offering a compact portfolio that includes face wash, sunscreen, and deodorant.

Developed with direct input from Shroff, the brand is positioned to go beyond surface-level grooming. “We’re not selling vanity. We’re offering confidence, preparation, and a redefined sense of positive masculinity,” Shroff said in a statement. The products are designed for high performance and everyday use, with functional ingredients and nostalgic fragrance profiles reminiscent of classic aftershaves.

The launch is backed by entrepreneur and investor Ankit Nagori, whose portfolio has seen successful ventures across fitness and wellness categories. Prowl aims to tap into a growing segment of Indian men increasingly looking for self-care options tailored to their skin type, climate, and lifestyle. The brand’s message is rooted in approachability, encouraging men to see grooming not as an indulgence but as a daily routine.

In terms of formulation, Prowl claims to deliver efficacy with clean, skin-friendly ingredients suited to India’s urban heat and pollution. The deodorant range has been crafted to suit long working hours, while the face wash and sunscreen are designed for quick, no-fuss application, aligning with the routines of active, time-strapped users.

Shroff, known for his disciplined lifestyle and youth appeal, also leads the brand’s creative and communication strategy. He will headline its digital-first campaigns aimed at Gen Z and millennial audiences. With distribution already live on major e-commerce platforms, Prowl is expected to expand into retail formats in the coming months.

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Gladful Raises ₹8 Cr from Eternal Capital to Launch NutraMilk, Eyes ₹12,000 Cr Kids’ Health Drink Market

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Gladful Raises ₹8 Cr from Eternal Capital to Launch NutraMilk, Eyes ₹12,000 Cr Kids’ Health Drink Market

Clean-label food startup Gladful has raised ₹8 crore in a fresh funding round led by Eternal Capital, with participation from existing investors Antler India and Venture Catalysts. Other backers include RWA Advisors, Arav Ventures, and angels Aman Tekriwal and Sairam Krishnamurthy.

The funds will drive expansion across R&D, marketing, and digital growth, as the startup prepares to enter the ₹12,000 crore kids’ milk mix and health drinks segment with a new offering: NutraMilk.

Founded by sibling duo Parul and Manu Sharma, Gladful has built its early success around protein-rich breakfast foods designed for families. With NutraMilk, the company is making its first big leap beyond breakfast, targeting high-consumption nutrition categories where legacy brands have dominated for decades.

Parul Sharma, Gladful’s Co-founder and CEO, said the new funding will help scale innovation and simplify nutrition choices for young families. “Today’s parents are overwhelmed. They want clean, nutritious options that are both effective and enjoyable for kids. That’s where we come in,” she said.

Gladful plans to channel a large part of this capital into strengthening its presence across quick commerce platforms like Blinkit, Zepto, and Instamart, which have become key to reaching busy, health-conscious households.

The startup’s rapid rise comes at a time when the functional and fortified food segment is witnessing increasing investor attention. With kids’ nutrition emerging as a fast-growing vertical, Gladful is betting that its clean-label, protein-first approach will resonate with modern Indian families.

The company is also actively hiring across tech, marketing, and product teams as it prepares for a national rollout of NutraMilk later this year.

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Karan Tacker Launches GOONDA: India’s First Homegrown Agave Spirit Brand Eyes 6-City Rollout by 2025-End

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Karan Tacker Launches GOONDA: India's First Homegrown Agave Spirit Brand Eyes 6-City Rollout by 2025-End

Actor and entrepreneur Karan Tacker has entered the beverage space with the launch of GOONDA, a new consumer lifestyle brand offering India’s first domestically grown agave spirit and a bold lineup of energy drinks.

The brand kicks off with two products: El Goonda, a 100% Indian-grown agave spirit available in Silver, Reposado, and flavoured variants, and Goonda Energy, a functional drink tailored for nightlife and hustle culture. The initial launch was piloted across Maharashtra and Goa, and the company is now rolling out in major metros with retail and bar presence expected in Delhi NCR, Mumbai, Pune, Bengaluru and Hyderabad by December 2025.

GOONDA’s founding team blends diverse industry expertise. The core team includes Amol Sethi (sales and distribution), Ashish Jasuja (beverage production), Prasad Iyer (branding), Bhushan Khandelwal (finance), Harshil Vithlani (global trade) and Tacker, who also heads marketing and PR.

With its agave spirit, GOONDA is bypassing Mexican imports to focus on Indian-grown agave, harvested and distilled entirely in India. The product is offered in a unique 180ml flask format, designed for convenience and retailing at accessible price points. Flavours such as Café (coffee), Picante (spicy), and Strawberry have been crafted to appeal to a younger demographic seeking variety.

Goonda Energy includes the classic original, sugar-free bubblegum, and a cola flavour. The company plans to expand its reach to four additional Indian states by the end of this financial year and take the brand global in 2026, targeting Indian diaspora-heavy markets.

“GOONDA is not just a drink. It’s an Indian answer to global beverage culture,” said Tacker. “We wanted to create something disruptive, affordable and proudly rooted in India.”

Retail rollout begins August 2025, starting with premium stores and select nightlife venues.

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Boult Becomes GOBOULT, Commits Rs 25 Cr to R&D, Sets Eyes on US, Europe, and Rs 1,000 Cr Target

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Boult Becomes GOBOULT, Commits Rs 25 Cr to R&D, Sets Eyes on US, Europe, and Rs 1,000 Cr Target

Wearables maker Boult has unveiled a new identity, rebranding itself as GoBoult as it eyes aggressive growth both in India and overseas. The move comes on the back of a strong FY25, where the company clocked Rs 800 crore in revenue — nearly double its topline from FY23.

With this brand overhaul, co-founders Varun and Tarun Gupta are setting their sights on Rs 1,000 crore revenue in FY26, while laying the foundation for a Rs 2,000 crore business by 2030. The company is also gearing up for international markets, with planned entries into the US, Europe, Southeast Asia, and East Asia next year.

GoBoult is doubling down on premiumisation, moving into the Rs 2,000-plus average selling price bracket. The brand’s new portfolio will focus on fashion-forward audio devices, smart wearables and AI-led personal gear tailored to younger users.

The company is ramping up its retail footprint significantly, from 3,000 to over 30,000 stores over the next 18 months across general trade, modern retail and brand experience formats. A budget of Rs 25 crore has been set aside for R&D and design innovation, with a focus on building intelligent, software-integrated hardware.

While GoBoult has no plans to move away from online sales, it is focusing heavily on creating a more immersive and premium in-store experience as part of its omnichannel strategy.

“Our growth isn’t just about numbers; it’s about relevance. GoBoult reflects who we are becoming, not just what we sell,” said Varun Gupta.

Having started as a homegrown brand built with modest beginnings, GoBoult is now positioning itself as a global personal tech player from India, geared for the next decade of wearables innovation.

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The Sleep Company Bags Rs 480 Cr from ChrysCapital, 360 One Asset; Targets 150 New Stores as Revenue Hits Rs 750 Cr ARR

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The Sleep Company Bags Rs 480 Cr from ChrysCapital, 360 One Asset; Targets 150 New Stores as Revenue Hits Rs 750 Cr ARR

Mumbai-based comfort and sleep tech brand The Sleep Company has raised Rs 480 crore in fresh funding, split evenly between primary and secondary components. The round was led by ChrysCapital and 360 One Asset. Existing investor Fireside Ventures made a partial exit through secondary share sales.

Founded in 2019 by Priyanka and Harshil Salot, the brand plans to aggressively expand its offline presence, targeting 130 to 150 new stores across the country in the next two years. It currently operates 160 outlets in 47 cities. The funding will also support hiring and team development, especially across retail and product functions.

The company currently generates an annualised revenue run rate (ARR) of Rs 750 crore and reported EBITDA-level profitability in the previous quarter. According to Tracxn, it closed FY24 with Rs 320 crore in revenue and a net loss of Rs 58.7 crore. About 85 percent of its current sales come from its direct-to-consumer website and physical stores, with the rest through online marketplaces like Amazon and Flipkart.

ChrysCapital’s Rajiv Batra called the deal an opportunity to back India’s growing premium consumer wave, with The Sleep Company well-positioned to capture market share in the sleep and comfort segment.

The company’s product portfolio spans mattresses, pillows, office chairs, recliners, and sofas. While still India-focused, it is exploring global markets as part of its long-term roadmap. It also has its eye on potential acquisitions in the category, aligning with ongoing industry consolidation.

The Sleep Company’s fresh fundraise arrives as rivals Wakefit and Duroflex gear up for IPOs, signalling a growing investor appetite for home and sleep-focused consumer brands. The only listed player in the space currently is Sheela Foam, owner of Sleepwell.

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ChrysCapital Scoops Up Majority Stake in Theobroma at ₹2,410 Cr Valuation; Founders Retain 10%

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ChrysCapital Scoops Up Majority Stake in Theobroma at ₹2,410 Cr Valuation; Founders Retain 10%

ChrysCapital has received the go-ahead from the Competition Commission of India (CCI) to acquire a controlling stake in Theobroma Foods, one of India’s most recognisable bakery brands. The private equity firm is set to invest an estimated ₹2,410 crore to acquire 90 percent ownership in the Mumbai-headquartered company.

The transaction will be executed through ChrysCapital’s affiliates: Infinity Partners, Aqua Investments Ltd, and Atreides Investments BV. CCI’s clearance comes after the investment crossed regulatory thresholds that require approval to ensure healthy market competition.

Founded in 2004 by sisters Kainaz Messman Harchandrai and Tina Messman Wykes, Theobroma began as a single café in Mumbai and has since grown into a nationwide chain with over 100 outlets across more than 30 cities. Its offerings—ranging from brownies and cakes to sandwiches and beverages—have built a strong following, both in-store and online.

Theobroma’s current backer, ICICI Venture, is exiting the company as part of the deal. ICICI Venture had invested close to $20 million in 2017 and holds nearly 42 percent stake in the bakery chain. As part of the new arrangement, the founding family will retain about 10 percent ownership in the company post-transaction.

ChrysCapital’s move marks one of the largest investments in India’s food and beverage retail space in recent years, pointing to a broader trend of private equity interest in consumer brands with strong offline and digital distribution.

Theobroma’s sale comes at a time when demand for premium bakery and confectionery products is surging across metros and Tier 2 cities, helped by rising disposable incomes and growing preference for artisanal formats. The deal is expected to close in the coming weeks, pending final formalities.

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