Honasa Consumer Bolsters Skincare Portfolio with CosmoGenesis Acquisition
By purchasing the assets of high-end skincare startup CosmoGenesis Labs, Honasa Consumer—the parent company of well-known Indian beauty brands including Mamaearth, The Derma Co., Aqualogica, and Dr. Sheth’s—has made a substantial advancement toward research-driven innovation. This calculated action demonstrates Honasa’s dedication to staying on the cutting edge of meeting the changing needs of Indian customers in the personal care market. CosmoGenesis was established in 2011 and has a proven track record of helping Indian companies create over 5,000 cosmetic and personal care formulas. Their knowledge and experience are a wonderful fit for Honasa’s mission, enabling them to take advantage of state-of-the-art R&D resources to produce even more inventive and potent skincare products for the Indian market.
Zypp Electric Gears Up for Expansion with $15 Million Funding
As part of its continuous Series C investment round, Zypp Electric, a top tech-enabled electric vehicle (EV)-as-a-service (EVaaS) platform in India, has raised an additional $15 million. The $50 million total sought in this round is split between $10 million in loan funding and $40 million in equity. Leading Japanese company ENEOS led the Series C1 round, in which current investors 9unicorns, IAN Fund, Venture Catalysts, WFC, and others participated. The large investment will support Zypp Electric’s aggressive growth objectives. By 2026, the business wants to grow its fleet of electric scooters from the present 21,000 to an astounding 200,000. They also intend to extend their domestic operations to fifteen Indian cities. participant.
Indya Sets Sights on Wedding Wear Dominance with ₹50 Crore Funding
High Street Essentials, the parent company of women’s fashion brands Indya and Faballey, has received a ₹50 crore funding boost through an equity and debt round led by Sangita Jindal, chairperson of JSW Foundation. This infusion of capital empowers Indya to strategically expand its premium occasion wear range, “Weddings By Indya.” With a clear vision to become a major force in the Indian wedding wear market, the company is charting a growth roadmap to solidify its position in this lucrative segment.
Indya plans to leverage the funding to establish 10 new wedding stores across the country within the current financial year. Currently, they operate through 12 exclusive brand outlets in 8 cities and are present in over 150 large format retail stores across India. Additionally, Indya is actively expanding its global footprint. Their second store in Malaysia has recently opened, and plans are underway to launch outlets in the US and South Africa within the next 18 months.
CoverSure Secures $4 Million to Build Consumer-Centric Insurance Platform
With the goal of making insurance easier for customers, CoverSure is an InsurTech firm that has closed a $4 million Pre-Series A fundraising round. Enam Holdings led the funding round. With the money, a user-focused insurance engagement platform with machine learning and data analytics capabilities will be developed. The goal of CoverSure is to completely transform how customers deal with insurance. Their objective is to develop an app-based platform that is easy to use in order to streamline the whole insurance process, from purchase to claims. With the use of data and artificial intelligence (AI), this platform will allow users to customize their insurance experience and get the best possible coverage for their unique needs.
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