Lenskart's AI Boost 👓, Mamaearth's IPO Opens today💸

Oct 31, 2023

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Lenskart Expands AI Capabilities with Tango Eye Acquisition🕶️

Omnichannel eyewear retailer Lenskart has acquired Tango Eye, an AI-powered video analytics startup based in Chennai. Lenskart had previously invested in Tango Eye in 2020. The details of the deal were not disclosed. This acquisition marks Lenskart's strategic move to enhance its artificial intelligence capabilities, leveraging Tango Eye's expertise in video analytics technology. 🤖

Curefoods Acquires Yumlane to Expand Pizza Offerings🍕

Cloud kitchen operator Curefoods has acquired foodtech startup Yumlane, which specializes in pizza, for an undisclosed sum. Yumlane, founded in 2016, has developed a proprietary technology stack for pizza and operates under the brand Yumlane Pizza, in addition to its B2B business. The acquisition aligns with Curefoods' strategy to enhance its offerings and strengthen its position in the cloud kitchen industry. 🏙️

Nazara Technologies Launches Game Publishing Division🎮

Nazara Technologies, a prominent online gaming company, has announced the launch of its game publishing division, "Nazara Publishing." This new division aims to introduce high-quality games for both the Indian and global markets. Nazara Technologies plans to invest a minimum of Rs 1 crore per game and intends to launch up to 20 games over the next 18 months as part of this initiative. ✨

Mamaearth Parent Raises $92 Million in Pre-IPO Round, IPO Opens Today💰

Honasa Consumer Ltd, the parent company of popular D2C brands including Mamaearth, The Derma Co, and BBlunt, has secured Rs 765.2 crore (approximately $92 million) from 49 anchor investors in a pre-IPO round. This funding comes on the eve of the company's initial public offering (IPO) opening, marking a significant milestone for the consumer goods firm. 🚀

Apple Approaches $10 Billion Annual Revenue Milestone in India🍎

Apple Inc. is on the verge of achieving a significant milestone in India, with its annual revenue from the country expected to reach nearly $10 billion by the end of the year. This achievement underscores Apple's strategic focus on the Indian market. The company's sales in India experienced a substantial 47.8% surge, amounting to ₹49,321 crore (approximately $5.9 billion). 💹

Manipal Group chairman Ranjan Pai's family office has invested in omnichannel beauty products retailer Purplle in a secondary transaction, purchasing shares from JSW Ventures.
Spacetech startup Skyroot Aerospace has raised Rs 225 crore ($27 million approximately) in a pre-Series C round led by Temasek.
Vridhi Home Finance, a tech-enabled brick-and-mortar housing finance company, has raised Rs 150 crore in a Series A round led by Elevation Capital.
Gurugram-based casual gaming studio Funstop Games has secured $1.5 million in its seed round led by InfoEdge Ventures.
Sweet Karam Coffee, a Chennai-based South Indian snacking brand has raised $1.5 million in funding from Fireside Ventures.
SGBS Unnati Foundation, a Bengaluru-based not-for-profit organisation, is set to be the first entity in the country to list on NSE and BSE’s Social Stock Exchange.