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E Commerce

Inside MIRAGGIO’s Gambit To Compete With Global Handbag Giants


SUMMARY

Empowering modern women with stylish, high-quality handbags that blend contemporary design with everyday functionality

India’s $3.7 Bn handbag market has long been divided between luxury brands that remain out of reach for most and budget-friendly options that often lack quality and design. 

While giants like American Tourister and Safari dominate the travel segment, many new-age D2C brands like Zouk, Scarters, Mokobara, and Chumbak are making waves in this segment.

Amid this, Mohit Jain, founder and CEO of…



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by Tech In Asia

GoTo’s legal and corporate secretary said the company follows regulations for public companies and will prioritize the interests of shareholders. Source link

by INC42

SUMMARY The due diligence is done, and both sides are negotiating final terms for the cash and equity transaction If the deal closes, it will mark one of the biggest consolidation in India’s auto tech sector Notably, CarDekho entered the unicorn club in October 2021 after raising $250 Mn at a $1.2 Bn valuation. It, however, shut down its used-car retail business in 2023 after high operating costs made it unviable Listed auto marketplace CarTrade is reportedly in advanced stages to acquire rival CarDekho in a deal valued at… Source link

by INC42

From a brand known for its cool urban image and setting the Indian craft brewery benchmark, Bira 91’s survival hangs by a thread.  The startup, which has raised more than $200 Mn in funding to date from investors such as Peak XV Partners, Sofina, and Kirin Holdings, among others, is struggling to move past the slowdown that hit its business last year.   At the centre of the storm are 600 employees, the investors, and Ankur Jain, the CEO and founder of B9 Beverages Ltd, Bira 91’s parent company.  Jain is under pressure to step down… Source link