Consumer dairy and ice cream brand FruBon, operated by Dev Milk Foods, has raised an undisclosed amount in a funding round backed by Fireside Ventures, Narotam Sekhsaria Family Office, and a group of angel investors. The Jaipur-based company had earlier raised $10.5 million (₹64.1 crore) in a Series A round co-led by Fireside Ventures and pi Ventures, indicating continued investor confidence in its growth trajectory. Expansion Across Retail, Supply Chain, and Product Portfolio The fresh capital will be used to expand FruBon’s retail footprint, strengthen production capabilities, and enhance cold chain infrastructure. The company also plans to invest in product…
Author: Aman Atulya
Payments firm Cashfree Payments has appointed Sameer Gandhi as its Chief Financial Officer. Based in Bengaluru, Gandhi will oversee the company’s financial strategy, revenue planning, and operational efficiency as it enters its next phase of growth. Gandhi brings extensive experience from his previous role as Head of Finance at Visa India, along with leadership stints at companies such as Vodafone. Strengthening Financial Discipline Amid Growth Push Commenting on the appointment, CEO and co-founder Akash Sinha said Gandhi’s experience in large institutions will be critical as the company focuses on sustainable growth and moves toward profitability. Cashfree currently holds multiple licences…
Flipkart Group has appointed Sharon Pais as the new head of Myntra, following the decision of outgoing CEO Nandita Sinha to step down. Pais will report to Kalyan Krishnamurthy and take charge with immediate effect. Pais previously led the fashion category at Flipkart and served as Chief Business Officer at Myntra, bringing strong operational experience and continuity to the leadership transition. Nandita Sinha will continue to support the transition in the coming months. Leadership Reshuffle and Strategic Focus Areas As part of the restructuring, Kapil Thirani will lead Flipkart Fashion and report to Sakait Chaudhary. The company has also initiated…
Smart Garage has raised Rs 2.4 crore in a Pre-Series A round, as part of its broader plan to raise Rs 15 crore, with the remaining Rs 12.6 crore expected over the next 12–18 months. The startup is targeting a Rs 80 crore revenue run rate by FY27, reflecting strong growth ambitions as it scales its presence in India’s auto-service ecosystem. AI-led platform and use of funds The fresh capital will be used to enhance AI capabilities, expand its partner network, and strengthen integrations with OEMs, insurers, and fleet operators. Founded by Pawan Singh Raghuvanshi, Smart Garage operates a B2B2C…
In a fashion industry driven by speed and mass production, Clutch Craft stands out as a brand rooted in heritage, storytelling, and conscious design. Founded by Ajeta Singh, the label is redefining accessories by blending traditional Indian craftsmanship with modern aesthetics, while creating sustainable livelihoods for artisans. With over 15 years of experience in retail and fashion design, Ajeta identified a critical gap—while India is rich in handicrafts, contemporary fashion accessories rarely reflect this cultural depth. This insight led to the birth of Clutch Craft, a brand built to bridge tradition and modern fashion. Craft Meets Couture Clutch Craft specialises…
Fintech platform SaveIN has announced its entry into the sustainable mobility segment through a strategic partnership with EMotorad, one of India’s leading electric cycle manufacturers. The move marks SaveIN’s expansion beyond healthcare into high-value, aspiration-led categories, starting with premium electric cycles. Through this collaboration, customers across EMotorad’s 500+ dealer network and experience stores can purchase e-cycles priced up to ₹1 lakh using SaveIN’s Pay Later solution, with easy EMIs and a 30-second digital approval process. The financing journey is fully paperless and completed in-store, enabling seamless purchase decisions without delays. Extending Fintech Infrastructure to Mobility For SaveIN, this partnership represents…
India’s Small and Medium Enterprises (SMEs) form the backbone of the economy, powering local markets and livelihoods across sectors. Yet, a common pattern persists most SMEs remain small despite years of consistent operations. They generate steady income, survive market cycles, but fail to scale. In a recent perspective, Rahul Jain, Founder Director, Business Coaching India LLP, describes this phenomenon as the “growth trap,” where businesses remain stable but struggle to expand due to structural and behavioural limitations. External Challenges Limiting Expansion According to Rahul Jain, several external barriers restrict SME growth. Access to finance remains a key hurdle, with entrepreneurs…
Masters’ Union has launched a ₹100 crore early-stage investment fund, MU Ventures, aimed at backing entrepreneurs under the age of 25. The Gurugram-based institution will invest between ₹5 lakh and ₹50 lakh per startup, with an average cheque size of ₹10–20 lakh. The fund will operate on a rolling application basis and is designed to support student founders and young entrepreneurs at the earliest stages of their journey. Multi-Track Strategy to Back Diverse Startup Segments MU Ventures will deploy capital across four distinct tracks, including a ‘Dropout Fund’ for student founders, a ‘Bharat Capital Fund’ focused on Tier 2–4 markets,…
VerSe Innovation has appointed Prasanna Prasad as Chief Product and Technology Officer (CPTO), as the company sharpens its focus on AI-led growth across its platforms. In his new role, Prasad will lead engineering, product, and data science functions, driving innovation across VerSe’s ecosystem, including Dailyhunt, Josh, and other products. Driving AI-Led Product Innovation and Monetisation Prasad joins from Verve Group, where he served as Chief Technology Officer and Head of Product and AI. With over two decades of experience, he brings expertise in building cloud-native systems, large-scale platforms, and AI-driven products. At VerSe, he will focus on enhancing AI capabilities…
KreditBee has raised $280 million in its Series E round at a $1.5 billion valuation, officially entering the unicorn club. The round was led by Motilal Oswal Alternates, Hornbill Capital, and MUFG-backed Dragon Funds, with participation from WhiteOak Capital, A.P. Moller Holding, Premji Invest, and Advent International. Capital to scale lending and AI-driven risk infrastructure The company will use the fresh capital to expand its lending portfolio, deepen market presence, and strengthen its technology stack. A key focus will be on scaling AI capabilities to enhance risk assessment, credit penetration, and personalised financial products. Built on NBFC + co-lending model…