The newly secured capital will be used to expand GIVA's retail and digital presence, upgrade its tech-enabled supply chain, strengthen its lab-grown diamond offerings, and diversify into new product categories.
Representatives from Chiratae Ventures, Lightspeed Venture Partners, and Premji Invest have stepped down from GlobalBees' board, according to the YourStory media sources.
Trident Growth Partners targets Series B and later-stage investments, acquiring significant minority stakes in category-defining companies across consumer, fintech, enterprise tech, manufacturing, and healthcare sectors.
The Indian startup ecosystem saw a flurry of funding activity this week, with major investments pouring into fintech, legal tech, cloud computing, and mobility startups. Here's a look at the biggest funding rounds of the week:
This week witnessed significant investments in innovative startups across diverse sectors, underscoring the resilience and growth potential of these ventures.
The raised funding will enable Mintifi to diversify its product offerings, such as dealer management systems, loans against property, and factoring services, powered by artificial intelligence.
The Jaipur-based brand aims to use new funding to expand experience stores in tier-I and tier-II cities, enhance omni-channel presence, boost manufacturing, diversify products, and strengthen its supply chain.
In the week spanning October 12 to October 18, several Indian startups secured substantial funding, highlighting the robust entrepreneurial ecosystem in the country. Here are the notable deals to watch:
The raised funding will enhance its mission to democratise beauty by leveraging technology for an improved shopping experience, making beauty products and services more accessible for all consumers.
The fine jewellery brand plans to leverage the funds to expand its offline presence and enhance its lab-grown diamond offerings while facilitating strategic investor exits.
The Mumbai-based brand also announced an Employee Stock Ownership Plan (ESOP) liquidity programme, offering INR 50 crore in liquidity to its employees.