Debarghya Sil

1 week ago | inc42.com | Debarghya Sil

SUMMARY Abhinav Agarwal’s startup, which is currently in stealth mode, raised the seed funding in a round led by India Quotient The startup, which plans to sell its products via its own website as well as offline stores, will be formally launched in the next few months Agarwal worked with Unacademy for almost a year as a CBO after his company SwifLearn was acquired by the edtech major in 2021 Serial entrepreneur and former Unacademy CBO Abhinav Agarwal is launching a new startup in the...

1 week ago | htsyndication.com | Debarghya Sil

India, June 18 -- Serial entrepreneur and former Unacademy CBO Abhinav Agarwal is launching a new startup in the eyewear space and has raised $2.2 Mn seed funding in a round led by India Quotient.

1 week ago | inc42.com | Debarghya Sil

SUMMARY The struggle of funding winter brought with it sanity in valuations and forced startups to cut their expenses to chart a profitable growth in FY25 Of the 20 startups that have released their financial statements for FY25 so far, 14 ended the year with profitable numbers and a cumulative profit of INR 2,300 Cr In terms of top line, the 20 startups posted a cumulative operating revenue of over INR 85,830 Cr during the fiscal year ended March 2025 The Indian startup ecosystem has...

1 week ago | htsyndication.com | Debarghya Sil

India, June 15 -- The Indian startup ecosystem has witnessed a massive transformation in its operational ethos and strategic priorities over the past few years. The onset of the funding winter in 2022, following the funding boom of 2021, brought the biggest change. As funding dried up, many Indian startups had to shut shop or resort to mass layoffs to extend their runway and slash cash burn.

2 weeks ago | inc42.com | Debarghya Sil

Roll-up ecommerce unicorn BRND.ME (formerly Mensa Brands) has sold MensXP’s parent entity India Lifestyle Network (ILN) to Kolkata-headquartered RPSG Group, people aware of the matter told Inc42 on the condition of anonymity. As per sources, BRND.ME sold ILN for around $9 Mn in an all cash deal. This is an almost 85% drop in valuation from around $60 Mn Mensa Brands had acquired ILN at the end of December.