Saturday, November 2, 2024

Accel

Bluestone’s FY24 revenue up 64%, losses narrow despite rising expenses

Fashion
Jewellery retailer Bluestone has reported a 64% increase in operating revenue for the year ended March 2024, according to data from Tofler. Additionally,͏͏ the͏͏ company͏͏ narrowed͏͏ its͏͏ annual͏͏ losses͏͏ by͏͏ about͏͏ 15%͏͏ to͏͏ INR͏͏ 142.2͏͏ crore. The͏͏...

Virat Kohli-backed WROGN sees 29% revenue decline to INR 244 Cr, net loss rises 28% in FY24

Industry
Universal Sportsbiz Private Limited (USPL), the company behind the Virat Kohli and Accel-backed youth fashion brand WROGN, is facing challenges in boosting its sales. The startup's operating revenue dropped by 29% to INR 243.8 crore in...

Luggage brand Uppercase secures $9 Mn from Accel; valuation doubles to $60 Mn

Startups
Venture capital firm Accel has injected $9 million into Uppercase, nearly doubling the new-age luggage maker's valuation to $60 million. The investment will support the...

Swiggy’s early investors Prosus, Accel, and Elevation Capital set to sell shares ahead of IPO

News
A͏he͏ad of its initial public offering (IPO), f͏oodtech giant Swiggy's early backers are reportedly selling shares,͏ partially͏ diluting͏ ͏their stakes in the company. New Investors...

90% of Indian retail market to stay offline despite digital surge, says Accel’s Prashanth Prakash

Industry
Online-first Direct-to-Consumer (D2C) brands have a significant opportunity to extend their presence by expanding into offline stores, as highlighted by Prashanth Prakash, founding partner...

Meesho to upsize next funding round to $500-$650 Million

News
Meesho, the ecommerce platform, is reportedly considering increasing the size of its upcoming funding round to $500-$650 million from $300 million earlier, given the...

Fashinza and Virgio to repay investor capital amid business model changes

News
According to a report by ET, at least two well-funded startups — Fashinza and Virgio — backed by the likes of Accel and Alpha...

B2B seafood startup Captain Fresh secures $25M in funding Led by UK Govt-backed BII and Nekkanti Seafoods Group, eyes international expansion

News
B2B seafood startup Captain Fresh has raised $25 million in a funding round led by UK government-backed British International Investment (BII) and Andhra Pradesh-based...

Flipkart-backed agritech startup Ninjacart gears up for expansion with major office lease

News
Ninjacart, an agritech startup, has secured a lease for 1,037 seats from the flexible office space provider Indiqube in Bengaluru as part of its...

Sustainable packaging startup Fibmold secures $10M funding led by Omnivore and Accel

News
Fibmold, a startup focused on sustainable packaging, has successfully obtained $10 million in funding from a round spearheaded by Omnivore and Accel. Established in October...

EcoSoul Home secures $10 Million in Series A funding led by Accel to expand global market reach of its eco-friendly home essentials

News
EcoSoul Home Inc., a startup specializing in eco-friendly household products, has completed its Series A funding round, securing $10 million. The round was spearheaded...

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