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Honasa Consumer Ltd, the parent entity of Mamaearth, posted a 62.9% jump in its PAT to INR 40.2 Cr in Q1 FY25! Let’s take a closer look at Mamaearth’s Q1 FY25 👇 🔶 Mamaearth’s operating revenue witnessed a strong #growth of 19.3% on a YoY basis and 17.3% sequentially to increase to INR 554 Cr in the reported quarter. 🔶 #Mamaearth claimed it expanded to nearly 2 Lakh FMCG retail outlets across India by June 2024, marking a 30% increase from the previous year. 🔶 The company’s consolidated EBITDA improved by 201 basis points YoY to INR 46 Cr in Q1 FY25. 🔶 Varun Alagh, chairman and CEO of Honasa Consumer Ltd., said that Honasa’s focus on a data-driven, consumer-centric #strategy has led to a 9% contribution from new #products to its revenue, while its different partnerships are enhancing its premium positioning in the actives category. 🔶 In line with its growth, Honasa’s total expenses jumped 17.4% to INR 520.4 Cr in Q1 FY25 from INR 443.1 Cr in the corresponding quarter last year. What are your thoughts on this? 💭 #D2C #mamaearth #financials

The D2C Summit 2024 summed up 🚀 — 300+ D2C and Modern retail leaders, 10+ high-impact sessions exploring the theme “ "Mastering the INR 1000 Cr+ Playbook at the Intersection of D2C and Modern Retail," battle-tested strategies, from navigating marketplaces, strategic exit planning to mastering omnichannel and intense networking all at The Oberoi, Gurugram. We want to take a moment to thank everyone who made this possible – our stellar speakers, incredible delegates, and kudos to the Inc42 Media team for pulling off a fantastic event. We also extend our gratitude to our sponsors for their invaluable support as we set another milestone in shaping India's D2C narrative. Presented by Inc42 & Broadway, Co-presented by Simpl & Emiza Inc., powered by Venture Catalysts++ | India's 1st Multi-Stage VC, Zippee, Mobavenue Media & PAY10 and in association with Peak XV Partners, Rukam Capital and Nitro Commerce, The D2C Summit 2024 was an undeniable success. Follow Inc42 and Stay tuned for more insights, recaps, and exclusive interviews. The D2C journey continues. 🥂 #TheD2CSummit2024 #D2C #business #startups

We’re thrilled to announce PAY10 as the powered by partner for D2CX by Inc42 Media. D2CX is a 12-week immersive program designed to elevate your D2C business. The first cohort was a resounding success, with 48 ambitious brands graduating from the program, and we are all set to launch the 2nd cohort on August 13! If you are a D2C startup founder looking to 10X your D2C business and gain actionable insights and strategies to scale your revenue to ₹10Cr – D2CX is the place to be. Learn from India's top 1% D2C founders and experts and master 10X growth for your D2C brand. Last few seats left! Don’t miss out, apply now: https://4-2.co/3WZ5Fu4 #d2c #founders #leadership 

India and Maldives have inked a pact to roll out Unified Payments Interface (UPI) in the Indian Ocean archipelago as external affairs minister S Jaishankar said that the move will have a positive impact on the tourism sector 👇 The memorandum of understanding (MoU) was signed between the National Payments Corporation of India and the Maldives’ economic development and trade ministry after Jaishankar concluded his meeting with Maldivian counterpart Moosa Zameer. Jaishankar began a three-day visit to the Maldives on Friday, his first since the government of President Mohamed Muizzu assumed office in November last year. 📎 To read more in detail, click here: https://lnkd.in/gBPbR6nv #news #India #Maldives #UPI

Indian startups cumulatively raised $112.9 Mn via 22 deals, down almost 50% from $222.2 Mn secured through 25 deals in the preceding week 👇 While startups failed to see traction with investors at a broader level, Ola Electric made its public market debut this week. FirstCry and Unicommerce are also set to get listed in the first half of next week. Key Startup Funding Highlights Of The Week: 🔸 Fuelled by this week’s largest funding round of Visit Health, healthtech emerged to dominate sectoral funding trends. Three healthtech startups cumulatively bagged $35.1 Mn in the week. 🔸 Enterprise tech continued to reign as the investor favourite this week, with startups bagging the maximum number of cheques this week. Enterprise tech startups bagged $17.9 Mn via six deals in the week. 🔸 Delhi based venture capital fund Omnivore VC and CRED’s founder Kunal Shah emerged as the most active investors this week, backing two startups each. 🔸 Seed funding continued its upward streak this week, with startup’s at this stage raising $13 Mn, 2.5X from the previous week’s $5.1 Mn. #funding #startups #investment

Info Edge cofounder Sanjeev Bikhchandani said that the company is currently not looking to exit any of its portfolio companies 👇 Info Edge counts listed giants such as foodtech major Zomato, insurtech startup PB Fintech as well as unlisted edtech company Adda247 in its portfolio. His comments come at a time when the shares of listed companies in Info Edge’s kitty have surged on the bourses and have grown multifold in the past one year. Speaking during the company’s post-earnings call, Bikhchandani said, “If we believe there’s substantial growth and consequent value creation left, we think it’s better for long-term value creation for our shareholders. We’ll probably stay. As of now, there is no plan to exit”. 🔗 To read more in detail, click here: https://lnkd.in/gVqmHYaA #news #portfolio #growth

Listed D2C unicorn Mamaearth’s parent Honasa Consumer said it is discontinuing its ayurvedic beauty products brand Ayuga 👇 Honasa said that Ayuga saw no major uptick in search trends and faced difficulties in gaining traction, which lead to the discontinuation of the brand starting June 2024. Honasa CEO Varun Alagh said that discontinuing Ayuga will not have a “material impact” on the D2C unicorn’s profit and loss statement. This is the second major discontinuation of a portfolio brand by Honasa, after it secretly pulled the plug on its first and the most expensive acquisition, Momspresso, last year. 🔗 To read more in detail, click here: https://lnkd.in/g8WQC8vG #news #D2C #unicorn

The Delhi Police’s Economic Offences Wing (EOW) has made an arrest in its investigation of the alleged INR 82 Cr fraud at fintech unicorn BharatPe. The EOW has taken custody of Amit Kumar Bansal, who is said to be associated with a number of vendors at the centre of the alleged embezzlement of funds from the company. The EOW has named Madhuri Jain Grover as the key accused in the case along with her husband and former MD of BharatPe Ashneer Grover. Besides this, a number of family members and relatives have been named as accused. According to court documents, a copy of which has been seen by Inc42, Bansal was arrested and produced before a court on August 6, 2024, which sent him to a six-day police custody. 📎 To read more in detail, click here: https://lnkd.in/g9Pii6Da #news #BharatPe #unicorn

Fresh off its public market debut, electric vehicle (EV) major Ola Electric is now gearing up for the launch of its electric bike on Independence Day (August 15). 👇 “Ready to witness the future of motorcycling? It’s coming sooner than you think. Be there on 15th August at Sankalp 2024 for the grand reveal,” said the company’s official handle in a post on X. Accompanying the post was a video, which teased the rough sketch of a bike model and silhouette of the company’s upcoming ebike. In the past too, the EV juggernaut has teased images of what appears to be a bike with LED headlamps and wide handlebars. However, there has been no official announcement on the launch yet. The electric bike is slated to be launched at the EV major’s flagship event, Sankalp, on August 15. 🔗 To read more in detail, click here: https://lnkd.in/g_CUNNZi #news #Olaelectric #launch #electricvehicles 

Walmart-owned Flipkart has appointed Indonesian ecommerce company Tokopedia’s executive Ramesh Gururaja as senior vice president of consumer products 👇 As per The Arc’s report, Gururaja will be reporting to the chief product and technology officer Jeyandran Venugopal. Earlier this year, four senior vice presidents (SVPs) left Flipkart as the company was looking to turn profitable by cutting down its monthly expenses. Among them, include travel booking website Cleartrip’s head Ayyappan R, marketplace and categories leader Amitesh Jha, fintech and payments head Dheeraj A, and growth and retention head Bharath Ram. 🔗 To read more in detail, click here: https://lnkd.in/gaf3xh6P #news #leadership #flipkart