Tata CLiQ Luxury to add 10 new brands👢; ISRO giving wings to startups🚀; Start-up funding rise in November💸

Tata CLiQ Luxury plans to add 10 more boutique brands, ISRO's open infrastructure is giving wings, Start-up funding rise in November, Funding Deals and more.

Rise & Shine ☀

Dec 05, 2022

Morning folks👋🏻

Start your day, the smart way!

1 Mail | 2 Mins | 3 Stories

Tata CLiQ Luxury plans to add 10 more boutique brands to its portfolio👢

Tata CLiQ Luxury is looking to add about 10 new brands by January to expand its footprint in the bridge-to-luxury fashion segment.

The company said that the brands would be in the niche and high-fashion categories, with clothing, accessories, handbags and footwear being the main focus.

Recently, the company also launched 13 international brands on the platform, including Aspinal of London, Baldinini, BCBG, Eugenia Kim, Kendall + Kylie (footwear), Liu Jo, Pollini, Loci, and Mulberry.

The company also sells brands such as Saint Laurent, Balenciaga, Chloé, Céline, Dries Van Noten, Balmain and Jacquemus in its store.

ISRO's open infrastructure is giving wings to startups🚀

Just after the onset of the Covid-19 pandemic in June 2020, the Department of Space decided to set up an independent authorizing body to vet private sector applications and enable startups to use the Indian Space Research Organisation’s facilities.

This has given wings to startups such as Agnikul Cosmos, Skyroot, Pixxel, Bellatrix, Astrogate Labs, GalaxyEye, and others. The budding space tech startup community has already identified niche areas, with a clear sense of market size and global opportunity.

For example, Pixxel says its demo low-earth orbit satellites are already paying off for the front-loaded investments that went into making them. Agri-tech companies pay Pixxel for data on pest infestation, crop damage, and so on, while oil companies want their assets (pipelines and other infrastructure) monitored.

And last month, Hyderabad-based Skyroot launched the first-ever privately built rocket from Isro's Sriharikota launch centre.

Bengaluru-based lending tech startup KreditBee has secured $80 Mn as a part of its ongoing series D funding round from existing investors Premji Invest, Motilal Oswal Alternates, NewQuest Capital Partners and Mirae Asset Ventures.
Suraasa has raised $1.2 million led by Inflection Point Ventures.
ClassMonitor, an edtech startup providing home learning programs for early learners in the age group of 0-8 years, has raised Rs 10 crore in its pre-Series A round from Lead Investor Frontline Strategy Funds.
Online travel booking website EaseMyTrip has acquired a majority stake in Nutana Aviation Capital.

Funding Deals 💰

Start-up funding rise in November to $1.27 billion, highest since June💸

Indian startups raised as much as $1.27 billion in November – the highest amount in a single month since June.

The growth in funding has primarily been led by early and growth-stage rounds, which crossed $1 billion in November after more than five months.

It's worth noting that this data represents deals that would have closed a few months ago and were officially announced in November.

After June, when Indian startups raised $2.36 billion, there was a sharp fall in funding activity. Companies only picked up around $877 million in July, $981 million in August, and $787 in September.

The past two months, however, have seen a gradual recovery with $1 billion being mopped up in October, as per Venture Intelligence data.

10 Biggest Funding Deals 2022💰