Product Manager

DailyObjects, a D2C tech accessories brand, raised over $10 million from 360 One Ventures.  This funding comes after a 30month gap for the Gurugrambased company.  The firm issued 8,118 convertible ...

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- DailyObjects, a D2C tech accessories brand, raised over $10 million from 360 One Ventures.
- This funding comes after a 30-month gap for the Gurugram-based company.
- The firm issued 8,118 convertible preference shares to raise $8.6 million.
- Funds will be used for working capital, expansion, and general corporate purposes.
- DailyObjects expanded its ESOP pool, increasing its value to Rs 24.65 crore. 

 Source: [Entrackr](https://entrackr.com/2024/09/exclusive-dailyobjects-raises-8-6-mn-in-new-round/)

DailyObjects Secures $10 Million in New Funding Round

Journalist

DailyObjects Secures $10 Million in New Funding Round- Grapevine

Welcome to Business Roles's Private Community

Biz dev role, full time engagement, equity. DTC exposure is must. 

Right now we are in product development & testing early pmf phase. 

Matching salary.

Product - A SAAS solution for non tech savvy DTC brands to reduce their ad spend upto 40% through influencer led sales. 

Problem - Indian D2C brands spend $7b every year on ad spend only to achieve < 2% retention and <2 ROAS. This is because there is no other way other than ad spend to acq. customers. 

Core team in place - 2 engineers, 1 COO, 1 CTO & 1 PM. Enough cash to survive till pre-seed and get to early pmf.

Raising pre-seed now to onboard 100 DTC brands. 

Founders: ex-Microsoft, Pixis, Swiggy, Zomato, Udaan, Rapido

Equity you get will yield following -

At the end of yr. 5:
Best case exit for you: ~7-9cr.
Avg case: 3-5cr.
Worst case: 60L-1cr. 

Along with equity from starting day. You will keep on getting more and more ESOP rewards linked to value creation (revenue, growth, unlocking  partnerships) or annual cash bonus (% of the value added).

Looking for a biz dev co-founder with DTC exposure

Founder

Welcome to Personal Finance's Private Community

Loyal equipment has raised 15 Crore capital from HNI investors for business growth 

Source: sovrenn.com/education

Loyal Equipments raises 15 Cr capital

Welcome to Indian Startups's Private Community

https://techcrunch.com/2024/05/10/meesho-an-indian-social-commerce-with-150m-transacting-users-secures-275m-in-new-funding/ 

In current climate, great to see they’re able to raise! Folks at Meesho, some questions: 

- does anyone know if this is a down round?
- how’s the climate inside Meesho? Appraisals, hiring etc 
- are all employees allowed to sell in the secondary?

Meesho raises funding

Software Engineer

Udaan is planning to raise additional 250 million dollars from existing investors. Udaan is expecting to undergo massive valuation undercut.

Link: https://entrackr.com/2023/08/exclusive-udaan-in-talks-to-raise-new-round-valuation-may-drop-significantly/

B2B Ecommerce gaint Udaan is in advance stage to raise equity funding

Project Manager

- InMobi, backed by SoftBank, has raised $100 million in debt financing to enhance its AI capabilities and fund AI-focused acquisitions.
- The financing was led by MARS Growth Capital, a joint venture between MUFG and Liquidity Group.
- CEO Naveen Tewari emphasized AI's role in revolutionizing ad engagement and outcomes for consumers, advertisers, and publishers.
- InMobi operates two core businesses: InMobi Advertising and Glance, an AI-powered content discovery platform.
- Glance, with over 300 million users, aims to expand globally, supported by investments from Jio Platforms, Google, and Mithril Capital. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/inmobi-secures-100-million-debt-to-fund-its-ai-efforts-acquisitions-12819183.html)

InMobi Secures $100 Million Debt to Fuel AI Ambitions and Acquisitions

https://inc42.com/buzz/exclusive-dunzo-in-advanced-talks-to-raise-around-100-mn-in-series-g-round/

Dunzo raising new round ? ? If yes, its a big win for a brand

- NowPurchase, a marketplace for metal manufacturers, raised $6 million in equity and debt led by Info Edge Ventures.
- Investors include Orios Ventures Partners, 100 Unicorns, VC Grid, and notable family offices and angel investors.
- Total funds raised by NowPurchase now stand at $10 million, aimed at expansion and new solutions.
- Funds will support scrap processing centers, private labels, and AI integration in MetalCloud.
- Founded in 2017, NowPurchase serves over 250 factories with its MetalCloud platform and real-time WhatsApp bot. 

 Source: [Entrackr](https://entrackr.com/2024/09/nowpurchase-raises-6-mn-led-by-info-edge-ventures-others/)

NowPurchase raises $6 Mn led by Info Edge Ventures, others

- Bengaluru-based fintech startup Stable Money has raised INR 123.5 Cr (about $14.7 Mn) in its Series A funding round led by RTP Capital.
- The round also saw participation from existing investors Matrix Partner and Lightspeed Ventures.
- The board at Stable Money passed a special resolution to issue 77,135 Series A Compulsory Convertible Preference Shares (CCPS) at an issue price of INR 16,019 each to raise INR 123.56 Cr, as per regulatory filings.
- The financing round appears to be ongoing and Stable Money is likely to raise more capital in Series A funding.
- Founded by Saurabh Jain and Harish Reddy in 2022, Stable Money offers fixed-return asset investment opportunities for retail investors, such as access to fixed deposits, debt mutual funds, and bonds. 

 Source: Inc42

Stable Money Raises INR 123.5 Cr in Series A Funding Round

Share with your founders and alway ask for equity.

Investor

https://www.moneycontrol.com/news/business/mensa-brands-fires-200-employees-as-business-shows-signs-of-slowdown-10699211.html

Mensa brands fires 200 employees

Welcome to Office Gossip's Private Community

Is udaan raising new funds and if yes, what is the new valuation ?

Chief of Staff

Ex Puma India MD raises ~$12Mn for a new sportswear brand 😮😮

Analyst

The Morning Vine 🍇

https://www.business-standard.com/companies/news/quick-commerce-firm-zepto-raises-665-mn-in-funding-valued-at-3-6-bn-124062100289_1.html

Zepto raised $665bn at $3.6bn valuation . Mind blowing execution

Software Developer

Is there any report/ resource on Indian D2C brands by funding, revenue and profit?

Indian D2C space

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Some thing good in startup ecosystummm!

https://startupstorymedia.com/insights-cardekho-group-announces-5-million-esop-liquidity-buyback-reports-strong-growth-in-fy23/

Cardekho announces $5 mil ESOP buyback

Folks are calling out Upcred.ai for non-sensical JD. I was surprised to learn it’s a Cred (invested)company 😂

LinkedIn e-lafda

I think in this bear market, to be able to raise like this, says something about how much investors believe in them & the model
https://thearcweb.com/article/zepto-quick-commerce-aadit-palicha-blinkit-swiggy-flipkart-if07YMNjRHiOjmFA

Zepto going from $1B to $3B valuation in just 8-9 months after last announcement.

- Pilgrim raises $9 Mn in extended Series B round led by Fireside Ventures and Vertex Ventures
- Funding secured through issuance of 854 Series B1 and B2 preference shares at INR 8.77 Lakh each
- Fireside Ventures contributes INR 25 Cr, Vertex Ventures INR 23 Cr, with others investing INR 27 Cr
- Funds to be used for expansion and general corporate purposes
- Pilgrim's FY23 revenue jumped 4.47X to INR 76.46 Cr, with losses increasing 3X YoY to INR 23.06 Cr 

 Source: [Inc42](https://inc42.com/buzz/d2c-brand-piligrim-raises-9-mn-from-fireside-vertex-ventures-others/)

DailyObjects Secures $10 Million in New Funding Round

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