AC Ventures’ Post

In a difficult market segment of quick commerce, Zepto became you a Unicorn. It did something different: 1. Execution and Operational Excellence: Zepto's founders emphasized the importance of efficient execution and discipline in managing their supply chain. 2. Financial Discipline: Zepto had significantly reduced its burn rate, which means it was carefully managing its expenses compared to its revenue. This financial discipline is attractive to investors, especially when many other startups were struggling due to excessive spending. Zepto plans to achieve $1 billion in sales, continue technological innovation, and aim for an IPO by 2025, standing out in a struggling industry. #zepto #funding #quickcommerce

In an eagerly anticipated public listing, Honasa Consumer Ltd. Consumer, the parent company of the direct-to-customer beauty and personal care brand #Mamaearth, made a remarkable debut. Mamaearth, a 7-year-old company that gained substantial popularity during the pandemic, saw its shares rise to 337.60 INR ($4.05) per share before settling at 331.45 INR ($3.98) on NSE, surpassing its 330 INR listing price. The company now boasts a market capitalization of $1.28 billion. With a valuation of $1.2 billion in early 2022, Mamaearth's success story is awe-inspiring. Backed by investors like Peak XV Partners, Fireside Ventures, Stellaris Venture Partners, and Sofina, it recently secured $92 million in an anchor round from asset managers including Abu Dhabi Investment Authority, Fidelity, Norges Bank, Invesco, and Goldman Sachs. Peak XV Partners, in particular, made a substantial return on its investment with the debut listing price. Founded by the entrepreneurial duo Varun Alagh and Ghazal Alagh, Mamaearth operates a portfolio of 6 distinct brands, with Mamaearth itself contributing to around 80% of its revenue. The company utilizes a third-party manufacturing model and reaches consumers through a vast omni-channel network, combining online and offline sales. Mamaearth's impressive fiscal year 2023 revenue of approximately $170 million, along with its expansion into offline sales, marks a significant milestone in its journey. This success serves as a beacon of hope for numerous other Indian startups keenly monitoring the market for their own IPOs. The journey from seed round to IPO in just over 5 years is a testament to Mamaearth's incredible growth and the promising future of Indian consumer brands. #Mamaearth #IPO #StartupSuccess #BeautyBrand

#FreeRead #TheCrux Honasa, the parent company of Mamaearth, is set to IPO on October 31. The company is betting big on its house of brands playbook, but will this convince investors of the $1.3 bn valuation it is shooting for? E-commerce companies are increasingly wary of the house of brands tag, especially after recent reports that US-based Thrasio is considering filing for bankruptcy. Closer home, Indian e-commerce aggregators Globalbees and 10club are pivoting as well. Honasa’s house of brands approach has seen early success. While Mamaearth still accounts for the majority of its sales, the others have gained significant early traction. The Derma Co, for instance, reached Rs 30 crore in monthly revenue faster than Mamaearth did. Similarly, Aqualogica reached Rs 15 crore in monthly revenues in less than half the time it took The Derma Co to do so. Dr Sheth’s, which Honasa acquired, has also seen sales grow 21.6X between April 2022 when it was acquired and June 2023. While all of this proves Honasa has cracked the code on driving early traction for its new brands, it has yet to prove their staying power. Read more here: Pranav Balakrishnan

Happy National Day, Malaysia! 🇲🇾 Thank you ScaleUp Malaysia Renuka Sena for the strategic partnership with Choco Up to enable eCommerce & digital businesses to thrive in Malaysia. I was just in Kuala Lumpur with K Lai and our team were honored to be invited by ScaleUp Malaysia to share how revenue-based financing is a great alternative funding option for founders along with Malaysia Debt Ventures Berhad. We’re excited to start offering e-commerce & digital businesses this form of working capital that’s fast and flexible. As a former e-commerce founder, I know the balancing act we have to do when it comes to managing our supply of inventory, and scaling marketing campaigns to create demand. This is why I co-founded Choco Up If you are or know an e-commerce founder, comment or tag them below. I’d love to speak to see how my team and I can help you grow your business without. Thank you ScaleUp Malaysia again for inviting us to speak and Malaysia Debt Ventures Berhad for sharing the stage with us. #ecommerce #entrepreneurship #financing #rbf #growthcapital #malaysia

IPOs are like the dreams of founders, and when they come true, it's an incredible feeling. Today, Honasa Consumer Ltd., the company behind Mamaearth launched its IPO on October 31st, 2023. This is a big moment in the world of E-commerce/D2C in India! The couple, Ghazal Alagh and Varun Alagh who founded Mamaearth have achieved a lot, and their success is a testament to their passion, hard work, and innovation. This moment isn't just about financial numbers and valuations; it's about the spirit of entrepreneurship and the power of dreams. To all the fellow entrepreneurs and dreamers out there, let's support Mamaearth as they take this exciting step. Here's to Mamaearth's IPO, a celebration of dreams coming true and the huge potential of E-commerce/D2C in India! May it lead the way to success for future generations. 🚀🌟 . . . #mamaearth #ipo #finance #ecommerce #d2c #brand #sustainability

Honasa Consumer Ltd, known for Mamaearth, plans to expand its international presence, targeting markets like Bangladesh, Malaysia, Vietnam, and Thailand, in preparation for its upcoming IPO. The company, supported by Fireside Ventures and Peak XV Partners, is in talks for a pre-IPO fundraise of $120-150 million. This expansion aligns with Honasa's strategy to diversify and boost its revenue while gearing up for a public listing. Nishchay Bahl has been appointed as Senior Vice President for offline sales, reinforcing the company's growth plans. Read more from the link below! https://lnkd.in/gSJBMmPu #mamaearth #honasa #consumers #IPO #IPOAlert #markets #marketnews

𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐈𝐦𝐦𝐢𝐧𝐞𝐧𝐭! The MENA startup ecosystem is entering a pivotal phase. We shared our views on MENAs Rhino economy in our previous post (https://lnkd.in/d48UAEUZ). Building on that further, while 20+ Rhinos are ready for IPO, a wave of consolidation is also on the horizon. Sectors to watch are: 1. 𝐑𝐞𝐭𝐚𝐢𝐥: Major players eyeing market entry/expansion acquisitions to boost scale, as the top 3 currently have a limited share in online retail. 2. 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬: A push for sustainability through consolidation, addressing a fragmented market with over 100 players. 3.𝐅𝐨𝐨𝐝𝐓𝐞𝐜𝐡: Pursuit of stability via vertical integration, with companies expanding into adjacent services like Q-commerce, POS systems, etc. These imminent strategic moves signal a dynamic ecosystem which is expected to see heightened deal activity in the next 2-3 years, where companies are looking to address specific needs and strengthen their market position. Swipe through our carousel to learn more. What are your thoughts on these developments? Unifonic Property Finder Kitopi NICE ONE | نايس ون Tamara Floward Pure Harvest Smart Farms dubizzle TruKKer Tabby Foodics Bayt.com Salla E-Commerce Platform Yassir Jeeny #KSA #UAE #IPO #MENA #Unicorn #Rhino #M&ATrends #MENATech #StartupEcosystem #DigitalInnovation 

GIC-backed LINE MAN Wongnai said to gear up for US$300m IPO LINE MAN Wongnai, a Thai on-demand delivery app, is reportedly preparing for an initial public offering (IPO) in Bangkok with ambitions to raise approximately $300 million. The startup is collaborating with local advisers, including Kasikorn Securities PCL and Kiatnakin Phatra Financial Group Securities, while also considering international banks for assistance with the offering. This IPO, backed by Singapore's sovereign wealth fund GIC Pte, could potentially take place in 2023. However, specific details regarding the size and timeline of the IPO are still subject to change. LINE MAN Wongnai was created through the merger of Wongnai, an online restaurant review database founded by four Chulalongkorn University engineering graduates in 2010, and Line Man, Line Corp's delivery service in Thailand. The company competes with Grab Holdings Ltd. and SCB X Pcl's Robinhood app in the food delivery services sector, while also providing business solutions for shops and restaurants. In 2021, LINE MAN Wongnai secured $265 million in a series B funding round led by GIC and Line, boosting its valuation to over $1 billion. Additional backers include BRV Capital, PTT Oil & Retail Business Pcl, Bualuang Ventures, and Taiwan Mobile Co. This year, the company expanded its portfolio by acquiring FoodStory, a Thai startup specializing in restaurant point-of-sale systems. Line Man Wongnai's CEO, Yod Chinsupakul, previously expressed aspirations for a valuation exceeding $10 billion and a listing on Thailand's stock exchange. While the IPO process is still in the early stages, LINE MAN Wongnai's debut on the Bangkok Stock Exchange could signal a significant development in Thailand's IPO landscape. Subscribe To Our Friday Takeaway Newsletter To Get More Industry Insights! Check Linktree In Bio 🍕 #foodtech #fooddelivery #grocerydelivery #fridaytakeaway

Basil has successfully raised Rs 3.6 crore in seed funding. Co-led by IIMA Ventures and Appreciate Capital, with notable angel investors onboard, Basil aims to redefine traditional norms in the industry. The company's initial focus on stainless steel bento boxes and bottles caters to the evolving needs of millennial parents and Gen Alpha. #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailreports #retailtechcase #retailtrends #retailbusiness https://lnkd.in/gKt4cbRi

Quick commerce unicorn Zepto has raised $665 million at a valuation of $3.6 billion. With this, Avenir, Lightspeed, and avra (Anu Hariharan's new fund) have joined the company’s cap table as new investors. 💰 The round also witnessed participation from existing investors Glade Brook Capital Partners LLC, Nexus Venture Partners, and StepStone Group along with Goodwater and Lachy Groom. 📈 The company plans to focus on expansion and double store count to 700 by March 2025 by reinvesting the capital generated from mature stores back into the business, and is focusing on growing its consumer offerings and new projects that will offer 10X customer experience. ⚡ Read more with the link in the comments section below 👇 By: Akshita Toshniwal | #Funding #FundingWithYS #Growth #Expansion #QuickCommerce