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Tata to open beauty outlets💄; Rebel Foods onboards 15 resto brands🍜; HDFC to invest in 15 startups🏠
Tata to open 20 'beauty tech' outlets, Rebel Foods onboards 15 restaurants, HDFC Capital to invest in 15 startups, Funding Deals and more.
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Tata to open 20 'beauty tech' outlets, in talks with foreign brands💅🏻
The Tata Group plans to open at least 20 ‘beauty tech’ stores where it will use virtual makeup kiosks and digital skin tests to get young, affluent shoppers to buy premium cosmetic products, Reuters reported.
The move pits Tata against LVMH's Sephora and domestic rival Nykaa for a share of India’s fast-growing $16 billion beauty and personal care market.
Tata is eyeing what it calls a "beauty enthusiast" in India aged between 18 and 45 years who like to buy foreign brands such as Estee Lauder's MAC and Bobbi Brown, according to the document, which lists The Honest Company, Ellis Brooklyn and Gallinee as potential partners.
Rebel Foods onboards 15 restaurants brands🍜
Cloud kitchen unicorn Rebel Foods has partnered with over 15 national restaurants brands such as Social, Haldiram’s, Nirula’s, Boss Burger, Vasudev Adigas, Gulab Wala, Dairy Day, Artinci, Daryaganj, Chaipoint, Big Wong, and others over the last two months as a part of its Rebel Launcher program.
Launcher essentially allows third-party restaurant brands to utilize the company’s cloud kitchen network to enable online deliveries. The move is in line with earmarking an investment of $150 million to acquire and scale new food brands and on-boarding iconic brands, the company said in a statement.
With these additions, Rebel Launcher now has over 40 partner brands across its over 450 kitchens.
Blackstone-backed upskilling platform Simplilearn has raised $45 million in a funding round led by GSV Ventures, Clal Insurance, and ADQ.
Digital diabetes care platform BeatO has raised $33 million in Series B funding led by Lightrock India with participation from HealthQuad, Flipkart, and existing investors.
Corporate volunteering platform Goodera has bagged $10 million in a Series A funding round led by Elevation Capital, with participation from Zoom Ventures, Xto10X, Nexus Venture Partners, and Omidyar Network.
Electric mobility platform Corrit Electric has secured $9 million in a Series A funding round led by early-stage venture capital fund SphitiCap.
Analytics and full-stack AI firm VuNet Systems has raised $5 million in a Series A funding round led by Mela Ventures and Athera Venture Partners, with participation from Dallas Venture Capital and TVS Capital Funds.
HDFC Capital to invest in 15 startups to drive affordable housing innovation, efficiency🏠
HDFC Capital Advisors, a subsidiary of India’s largest private mortgage lender HDFC, has identified 15 Indian startups to support them financially through its property technology fund, HDFC Affordable Real Estate and Technology Program (H@ART).
In September, it raised over Rs 500 crore as the first close of its property technology fund through global investors to support startups that drive innovation and efficiencies within the affordable housing ecosystem
HDFC Capital has selected these 15 startups through the HDFC Tech innovators program in partnership with the government of India, other leading global and Indian funds, academia, and industry associations to identify the most innovative proptech companies.
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