#EcomBuzz #7 - Here’s a quick wrap-up of all the buzz that was created in the D2C industry by some of the familiar names in the community.
💸 Funding Alert
📺 Singapore-based consumer electronics brand PRISM+ founded by Jonathan Tan announced their first institutional funding round of $45mn led by TNB AURA
🛒 A peer-to-peer marketing solution for Shopify merchants – Loox led by Yoni Elbaz (Hiring), announces the launch of ‘Loox Upsells’ – a tool created for e-commerce sites to push the average order value upwards
👗 Founded in 2016 by Ayushi Gudwani, D2C company FS Life (Prev. FableStreet) Lifestyle, which runs western wear brands like FS Life, FableStreet, Marigold, and Mikoto, has raised a Pre-Series B round of ₹50 crores led by its existing investor, Fireside Ventures.
✁ The men’s grooming startup by Rahul Anand, USTRAA : Grooming For Men raised INR 16.8 Cr in a strategic funding round led by Info Edge’s subsidiary Startup Investments.
https://thed2cdaily.com/mens-grooming-startup-ustraa-raised-inr-16-8-crore/
💰 India’s first multi-brand online platform ‘D2C E-Commerce’ led by Manish Gupta raised INR 6Cr at a valuation of INR 1600Cr valuation, led by Ravi Khushwani, Founder of Greensoul Ergonomics
📈 D2C Growth News
☕️ Rage Coffee’s CEO Bharat Sethi spoke about the brand’s plan for same-day six-hour delivery in selected locations during his session with Ranvijay Singha at Inc42 Media’s The D2C Summit 3.0
🪙 BigCommerce collaborated with BitPay and CoinPayments to allow merchants to accept bitcoin and other cryptocurrencies in selected countries
https://thed2cdaily.com/bigcommerce-brings-bitcoin-payments-to-merchants-worldwide/
👶🏻 Pallavi Utagi’s SuperBottoms, India’s leading D2C brand that creates eco-friendly baby care products, announced the launch of SuperDryFeel Swaddle Wrap for babies made with a super soft Cotton Fleece lining, also known as the SuperDryFeel.
https://thed2cdaily.com/indias-first-super-dry-feel-swaddle-wrap-launched-by-superbottoms/
👟 International shoe brand ASICS Corporation announced the launch of their GEL-LYTE™ III CM 1.95 sneakers with the lowest carbon footprint sneakers available in the market
https://thed2cdaily.com/asics-unveils-the-markets-lowest-carbon-footprint-sneakers/
🤵🏻♂️ California-based luxury lifestyle & apparel brand - Johnny Was got acquired by Oxford Industries for $270Mn
🧴 NutriGlow Cosmetics Private Limited - A D2C beauty brand led by Ashish Aggarwal under GOAT Brand Labs appoints Genelia Deshmukh as their brand ambassador to endorse its face & body care products
https://thed2cdaily.com/genelia-deshmukh-is-nutriglows-new-brand-ambassador/
#ecommerce #growth #funding #industryupdates