The upcoming funding round will enable the company to introduce innovative products, launch its Mithai parlors expand its offerings, and become a category leader in the industry
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According to media reports, Accel, holding about 17 per cent stake, intends to sell over 5 million shares, while Blackbuck's co-founders are set to collectively sell 3.9 million shares
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Commenting on the fundraise, LVLN Murty, Managing Director and CEO, Dvara KGFS, stated, "This funding will strengthen our financial foundation and enable us to reach more under-resourced communities with more use-case financing solutions"
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It further observes that over 40 per cent of Millennials snack while socialising with friends, travelling, or binge-watching shows. This was followed by Gen Zs at 33 per cent. Notably, 39 per cent of Indians snack twice as much on weekends compared to weekdays, as per the study
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Despite a slower growth in its physical retail business, impacted by elections and heatwaves across North India, the GMV growth is expected to align with the long-term beauty and personal care industry growth trajectory
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In a social media post, Aggarwal urged users to update their Ola apps to ensure a seamless experience with the new mapping service. He stated, "After Azure exit last month, we’ve now fully exited Google Maps"
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Trident Growth Partners, co-founded with Rajesh Ramaiah and Pravan Malhotra, will focus on growth-stage equity investments
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