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Alibaba On A Funding Spree!

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Alibaba On A Funding Spree,Startup Stories,2018 Latest Business News,2018 Best Motivational Stories,Alibaba China Alibaba Business News 2018,Alibaba Funding Updates,Startup Funding India,China Biggest e commerce Platform Alibaba,Online Food Delivery Platform Zomato,Indian Online Grocer BigBasket

Alibaba, China’s biggest e commerce platform, just announced a 56 % increase in the third quarter revenue, shutting down the trade analysts who were all saying that the e commerce platform’s revenues are slowing down. Alibaba saw its shares double up from its original value based on the back of the strong sales system it has been following.

In an attempt at showing the world that it is here to stay, Alibaba just made a host of really interesting investments. Online food delivery platform, Zomato Media Pvt., is going to receive a whopping $ 200 million from Alibaba on the basis of a stock exchange format. This move proves the fact that Alibaba is ready to expand its interests into other areas as well.

InfoEdge, a 45% stake holder in Alibaba, has decided to divest 6.66% for $ 50 million in Zomato either directly or through its wholly owned subsidiary, Naukri Internet Services Pvt Ltd. This would value the Gurgaon-headquartered Zomato at around $ 760 million. The Jack Ma led Alibaba has signalled a strong interest in increasing its hold on the e commerce front.

At the moment, Alibaba is already a leading investor in online payments facilitator platform, Paytm. Apart from professing an interest in investing in Zomato, the Jack Ma led Alibaba led a $ 300 million investment round in online grocer, BigBasket. India’s online retail grocery platform is already quite huge and stands at a valuation of $ 900 million, with BigBasket making up for around $ 700 million of the total.

Through this funding, BigBasket aims at squashing its competitors (Flipkart Online Services Pvt. and Grofers.) The company will deploy the funds into building farmer networks, warehouses and delivery infrastructure with a goal to penetrate deeper into the more than two dozen cities it currently operates in.

On the other hand, Zomata has one major food delivery platform as its rival, Swiggy. Through this round of investment from Alibaba, Zomata firmly places itself at the higher end of the spectrum and has a valuation that far exceeds the valuation of Swiggy.  Alibaba is expected to own around 26% stake in Zomato after the $200 million sale via primary and second transactions. InfoEdge’s stake would come down to 31%.

 

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Funding

Eat Better Secures ₹17 Crore in Pre-Series A Funding

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Eat Better, a Jaipur-based D2C snacking brand, has raised ₹17 crore in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital. Founded by Vidushi Kanoria, Mridula Kanoria, and Shaurya Kanoria in 2020, Eat Better specializes in healthy snacks like dry fruit ladoos and nuts.

Key Highlights:

  • Investment Use: Funds will expand Eat Better’s product line and enhance its presence on quick commerce platforms.
  • Market Position: Competes with brands like Happilo and Yoga Bar in the healthy snacking space.
  • Operational Milestones: Fulfills over 2 lakh orders monthly.
  • Financial Performance: Revenue grew nearly threefold to ₹14.47 crore in FY24, with a reduced net loss.

Market Opportunity:

The Indian food and beverages market is projected to reach $68 billion by 2030, positioning Eat Better favorably to capitalize on the demand for healthy snacks. With this funding, Eat Better aims to strengthen its market presence and product offerings.

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Funding

Outzidr Raises ₹30 Crore to Transform Gen Z Fashion

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Bengaluru-based D2C fashion startup Outzidr, co-founded by Nirmal Jain, Mani Kant Mani, and Justin Mario, has secured ₹30 crore in seed funding led by Stellaris Venture Partners, with participation from angel investors like Ramakant Sharma (Livspace) and Ghazal Alagh (Mamaearth).

Launched in February 2025, Outzidr targets Gen Z women aged 17–27 with affordable occasion-specific apparel such as partywear and travel outfits. The brand introduces over 2,000 new designs monthly and uses a “test-and-react” model to scale popular styles based on early sales data. With an agile inventory cycle of less than three weeks, it plans to shift 90% of manufacturing to India within two years for sustainability.

The funds will bolster supply chain efficiency, technology development, team expansion, and brand-building. Outzidr aims to achieve ₹100 crore annualized revenue within 6–8 months through its D2C platform and marketplaces like Myntra, Nykaa Fashion, and AJIO.

Led by industry veterans with expertise in fashion and logistics, Outzidr is poised to capitalize on India’s growing D2C market fueled by Gen Z’s demand for trendy and affordable fashion.

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Bengaluru’s Cult.fit Set to Make Waves in the Market with Upcoming ₹2,500 Crore IPO

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Cult.fit, the Bengaluru-based fitness and wellness platform backed by Zomato, has finalized five top investment banks—Axis Capital, Jefferies, Goldman Sachs, Morgan Stanley, and JM Financial—to manage its highly anticipated Initial Public Offering (IPO). The company aims to raise ₹2,500 crore through this offering, which is expected to value Cult.fit at nearly $2 billion.

Company Growth and Business Model

Founded in 2016 by Mukesh Bansal and Ankit Nagori, Cult.fit has grown into a diversified health and wellness ecosystem. The company operates over 500 gyms across India and has expanded into multiple segments:

  • Cultsport: Direct-to-consumer fitness apparel and equipment (30% revenue contribution).
  • Eat.fit: Healthy meal delivery service (24.5% of revenue).
  • Mind.fit: Yoga and mental wellness services.
  • Care.fit: Healthcare clinics and diagnostics.

In FY24, Cult.fit reported an operating revenue of ₹927 crore, a 33.6% jump from ₹694 crore in FY23. Despite this growth, the company recorded a loss of ₹535 crore.

IPO Details

The IPO marks a significant milestone for Cult.fit, which was last valued at $1.56 billion during Zomato’s $100 million investment in 2021. With strong backing from investors like Accel Partners, Tata Digital, Temasek, Kalaari Capital, and Chiratae Ventures, the upcoming IPO is set to further strengthen its position in the Indian fitness industry.

Strategic Importance

Cult.fit’s move to go public reflects its ambition to scale operations and attract institutional investors globally. Its diversified business model positions the company as a leader in India’s growing fitness market. Analysts are closely watching this IPO as one of the most anticipated offerings of 2025.

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