Swiggy’s SNACC, Aakash Seeks Mercy, and WOW Skin Science’s Sorrows

Swiggy sprints ahead with its SNACC app, promising 15-minute food deliveries in select Bengaluru pincodes. Meanwhile, Aakash Educational Services faces a financial crossroads, seeking NCLT’s nod to amend its articles for survival funding. In the beauty world, WOW Skin Science looks for a strategic buyer at a trimmed $250 Mn valuation, signaling shifting tides in the D2C space.

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“Aaj Khush Toh Bahut Hoge Tum”: Swiggy Rolls Out SNACC App For 15-Minute Food Delivery

Swiggy's new SNACC app aims to redefine convenience with its promise of 15-minute food delivery, though it's currently limited to select Bengaluru pincodes.

The platform caters to on-the-go cravings with options ranging from homestyle meals to quick bites and beverages. As food-tech continues to push the boundaries of speed, one wonders about the long-term implications for quality and sustainability.

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“Raste Ka Maal, Saste Mein”: WOW Skin Science Seeks Strategic Buyer At Reduced Valuation Of $250 Mn

WOW Skin Science is on the hunt for a strategic buyer, now at a reduced valuation of $250 Mn as investors eye their exit.

Once riding high with a $400 Mn valuation in 2022, the beauty startup has drawn interest from at least two potential buyers. The move highlights the shifting dynamics in the D2C beauty sector, where valuations are adapting to market realities.

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“Mujhe Baksh Do”: Aakash Seeks NCLT Nod To Amend Articles Of Association

Aakash Educational Services has turned to the NCLT, urging it to reconsider a ruling that blocks amending its articles of association.

The company’s counsel stressed the urgent need for funds to stave off a financial crisis looming as early as February. With survival on the line, the plea underscores the delicate balance between regulatory hurdles and business sustainability.

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1. Fractional ownership platform hBits has secured INR 40 Cr from Capricon Realty to enhance its AI-driven platform and expand its reach. Founded in 2018, hBits aims to democratize access to high-yield Grade-A commercial properties for investors.

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2. RAS Luxury Skincare has raised $5 Mn in a funding round led by Unilever Ventures and Amazon Smbhav Venture Fund. The brand aims to expand retail presence, enhance R&D, and build new product lines over the next three years.
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3. Electric tractor startup Moonrider has raised $2.2 Mn from Micelio Fund and others to scale its cost-efficient, in-house battery tech. With tractors offering up to 80% lower operational costs, the Bengaluru-based startup aims to revolutionize sustainable farming.
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4. South Park Commons (SPC) is raising $40 Mn for its India-focused fund, marking its growing commitment to the South Asian market. Founded by Ruchi Sanghvi, SPC set up its first international outpost in Bengaluru last year to foster innovation in the region.
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5. BrainSightAI, a deep-tech neuroscience startup, has raised $5 Mn in a pre-Series A round led by IAN Alpha Fund. The funds will fuel expansion in India, FDA certification for US markets, and growth in Africa and Southeast Asia.
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