Mamaearth's Global Expansion 🌍, Jio Financial's Profit Surge 📈

Oct 17, 2023

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ONDC Surges with Record Orders During India vs Pak World Cup Clash 🏆

During the intense India vs Pakistan cricket match, the government-backed Open Network for Digital Commerce (ONDC) witnessed a spike in retail orders, hitting a single-day record of 65,400 orders from 600 cities. Notably, 47% of these orders hailed from the food and beverages sector, showcasing a remarkable surge during the high-stakes game. 🏏📈

Mamaearth's Global Expansion 🌍

Honasa Consumer Ltd, the omnichannel personal care retailer, is gearing up for a renewed international push with its flagship brand, Mamaearth. The company, preparing to go public, has earmarked key markets such as Bangladesh, Malaysia, Vietnam, and Thailand for focused expansion efforts.💄🌱

Mojocare to Repay Investors Amidst Scandal 📉

In light of recent revelations where inflated revenue and sales figures were presented internally, beleaguered healthcare startup Mojocare has announced plans to return money to its investors. 💸

Jio Financial Services Q2 Profit Soars: ₹668.2 Crore 📈

Reliance Industries-backed Jio Financial Services posted a remarkable Q2 performance, with its net profit surging to ₹668.2 crore, doubling from the previous quarter. This impressive growth was fueled by increased income from operations, marking a strong start for the company post its listing on the stock exchanges in August. 💰

Spacetech startup AgniKul Cosmos has raised Rs 200 crore ($26.7 million) in its Series B round from Celesta Capital, Rocketship.vc, Artha Venture Fund, Artha Select Fund, and Mayfield India.
Leucine, a B2B SaaS platform for pharmaceutical companies, has raised $7 million in a Series A funding round led by Ecolab along with the participation of Pravega Ventures, Axilor Ventures, Techstars and others.
Rooftop solar company Freyr Energy has raised Rs 58 crore ($7 million) led by EDFI ElectriFI, an EU-funded impact investment facility managed by EDFI Management Company.
Plug-and-play analytics platform BIVA Analytics has secured $500K in a seed round led by Equanimity Ventures. The round also witnessed the participation of T-Hub, SucSeed Ventures, WarmUp Ventures and value additive angels.
Kitchenware and home decor brand P-TAL has raised Rs 4.33 crore in a Seed funding round led by Titan Capital along with participation from Anicut Capital, Mamaearth’s co-founder Ghazal Alagh, Sandeep Aggarwal, Shiprocket’s co-founder Vishesh Khurana, Ashutosh Valani, Priyank Shah, Bala Sarda, Deep & Mohit Bajaj, Ashish Tulsian and Arjun Vaidya.

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