daily review (June 21, 2022)

by admin
daily review (June 21, 2022)


Happy Nature raises Rs 6 crore in pre-series A round

Direct start-up Happy Nature has raised $768,275 (Rs 6 crore) in pre-round A from family office and angel investors.

The startup was founded by Vishal Rastogi, Vikas Singh, Sahil Chopra and Parth Birendra to offer healthy fresh dairy products and breakfast foods. She said she will use the funds for marketing and branding.

Spiritual lifestyle app Paavan raises $500,000

BharatFirst Technologies, the parent company of spiritual lifestyle app Paavan, has raised $500,000 (Rs 4 crore) in a seed round of funding led by Waterbridge Ventures.

The startup was founded in 2021 by IIT Delhi alumni Sankalp Jain, Nitin Agrawal and Mohit Mittal. It said it will use the funds to improve the product, create exclusive content IPs and hire talent across all functions and verticals.

Angel investors including IndiaQuotient general partner Anand Lunia, Fitso co-founder Saurabh Agarwal, Giva co-founder Ishendra Agarwal, Animall co-founder Kirti Jangra, Credgencies co-founder Rishabh Goel and Gocomet co-founder Chitransh Sahai also participated in the round.

Image: Shutterstock

Chai Point appoints Manmeet Vohra as Chief Brand and Digital Officer

Tea Point, which operates a chain of tea cafes, has announced the appointment of Manmeet Vohra as Chief Brand and Digital Officer. With 20 years of strategic brand building experience and special expertise in the lifestyle retail industry, Manmeet has led brand building for renowned international brands including Starbucks, Visa and TAG Heuer.

She began her luxury lifestyle marketing journey with Moet Hennessy Louis Vuitton (LVMH Group) in 2003, where she worked with TAG Heuer watches for eight years.

At Chai Point, Manmeet will focus on elevating and deepening Chai Point’s consumer engagement across all its channels, including the brand’s international foray.

Howdyy and Bounce Share team up to deploy over 10,000 electric scooters

Helloan Indian electric vehicle (EV)-led logistics startup has announced its partnership with Bounce Share, the EV rental arm of mobility startup Bounce, to deploy over 10,000 electric scooters over the next two years.

The electric scooters will be located in BengaluruMumbai, Pune, Chennai and Hyderabad. Howdyy entered the logistics space in 2020 with a vision to expand the use of EVs in middle and last mile deliveries. This strategic partnership will contribute to green procurement, thereby helping to reduce carbon footprints.

All scooters will come with battery swap technology. Exchange stations work on similar principles as gas stations. Here, the exchange stations will have batteries charged and ready to go, which delivery staff can easily exchange with their nearly empty batteries in less than a few minutes. With this infrastructure in place, delivery personnel won’t have to wait for the scooter to charge, worry about range, or remember to charge it.

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Unacademy appoints Navneet Sharma as Chief Business Officer – New initiatives for the test preparation business

Edtech platform Unacademy on Tuesday announced the appointment of Navneet Sharma as its Chief Business Officer – New Initiatives. Navneet will be responsible for formulating new growth paths for digital and hybrid models for the test preparation business.

Navneet comes with over 18 years of experience in strategy, sales and marketing and revenue and expense management. He is experienced in managing customer lifecycle management, GTM programs and new project launches.

At Unacademy, he will outline the growth strategy, business plan and sales development frameworks for the new avenues the test preparation business is exploring.

On the appointment, Vivek Sinha, COO, Unacademy said, “At Unacademy, we are expanding the value proposition to achieve the next level of growth for our edtech offerings. Following the plan to achieve our goals, we focus on strengthening the team with outstanding minds. We are excited to have Navneet as a member of our core team, his wealth of experience and knowledge will be invaluable in helping us achieve our ambition.”

WinZO acquires Upskillz

People’s platform for interactive entertainment, WinZO has acquired Upskillz Games Private Limited, a Gurugram-based casual game development studio.

The all-cash deal saw WinZO acquire a majority stake in the studio for an undisclosed sum.

This deal soon follows a recent announcement that WinZO is making investments in other high-potential game development studios, namely Bengaluru-based Bombay Play, UK-based Village Studio and blockchain-based IndiGG Gaming Guild.

These investments were made by WinZO as part of its flagship initiative, the $26 million WinZO Game Developer Fund, which was introduced with the intention of investing in and expanding the proprietary technology, innovation and research that WinZO has built for unique users , targeting mobile devices of Bharat.

Will Lin joins Simplilearn as CMO

Simplilearglobal provider of digital skills training, has announced the appointment of Will Lynn as the new Chief Marketing Officer. Will brings to the company more than 20 years of international experience and a proven track record of scaling data-driven, ROI-focused marketing operations and taking them to the next level.

He will be responsible for the company’s overall global brand and digital marketing strategy to further enhance Simplilearn’s brand awareness and drive the transformation of marketing into a data- and revenue-driven function, according to a statement.

Prior to joining Simplilearn, Will served as Chief Marketing Officer and Chief Digital Officer at RentPath, where he built a world-class consumer marketing program focused on tenant acquisition and growth and was instrumental in its eventual $600 million acquisition by Redfin.

Kapture CRM appoints Jagadeesan Kumar as CFO

A customer relationship management (CRM) software company. CRM capture has appointed Jagadisan Kumar as its Chief Financial Officer and Head of Corporate Development

Commenting on his appointment, Sheshgiri KamatCEO and Co-Founder, said: “The past few years have been incredible for us as we have witnessed exponential growth across geographies. Our focus now is to develop into a more structured organization that is prepared for the planned growth in the coming years. Having Jagadeesan will be a big help in this journey.”

Alariss Global launched in India

US-based global expansion marketplace Alariss Global has announced that it will set up an office in India to help entrepreneurs with global ambitions launch in the US and elsewhere.

Alariss Global is now working with Indian founders backed by leading investors including Nexus Venture Partners and Sequoia Capital India.

Currently serving startups from China, Singapore, Nigeria, Germany, Canada, Spain, UK and Israel, Alariss says it is making a special commitment to India by opening its first overseas office here.

Rishen Kapoor, co-founder and CEO of Sequoia’s portfolio company, Toplyne, and himself a former member of Sequoia’s investment team, said, “Talent is the greatest asset for any successful company and one of the biggest challenges in expanding in the US . Alariss brings an impressive pipeline of proven go-to-market talent that is head and shoulders above other partners we have encountered in the US.”

(This is an ongoing story and will be updated with the latest updates throughout the day.)

Edited by Afirunisa Kankudti


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