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Flipkart To Invest In Logistics Arm eKart

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Flipkart, India’s largest ecommerce site, reportedly infused another $ 257.3 million in its logistics services arm eKart. According to filings with Registrar of Companies, Flipkart raised this sum in multiple tranches between October and November last year. eKart is operated by Instakart Services Pvt., Ltd.

VCCircle reported the ecommerce firm raised close to $ 51.56 million in October last year. The company further raised the bulk of the investment amounting to $206.6 million in November 2017, in two tranches. The filings also revealed, eKart raised this capital by allocating equity shares worth Rs. 62.51 apiece to its Singapore based group firm Klick2Shop Logistics International Pvt., Ltd. Lick2Shop Logistics controls Instakart and is considered to be a subsidiary of Flipkart Pvt., Ltd.

In October last year, reports suggested eKart had earmarked $ 460.7 million in the form of a strategic reserve pool. In the RoC filings, the company said,“Considering the future requirements of the company whereby it may have to make strategic investments in other business/acquire companies for inorganic growth, extend loans and/ or guarantee to other corporates or provide security in connection with loans availed by other corporate. It is proposed to fix the limits at Rs. 3, 000 crores.

2017 was undoubtedly a good year for the homegrown online retailer. Flipkart set records and raised $ 4 billion from Japan based venture capital firm SoftBank. Despite a failed merger deal with rival Snapdeal, the ecommerce behemoth successfully relaunched their online food delivery arm Supermart in Bengaluru. The Chief Executive Officer of the ecommerce firm Kalyan Krishnamurthy told a news daily the company would now be focusing on increasing its monthly active users. 

In December, Flipkart also successfully completed the repurchase of employee stock options (ESOPs) worth $ 100 million. Krishnamurthy further added in the year 2018, the firm will also focus on developing the frequency of transactions and the number of times the Indian customer shops online in a year. Many market analysts estimate currently top online retailers such as Flipkart and Amazon have roughly 15 to 20 million active monthly customers.

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Phab Raises $2M Seed Funding to Expand Healthy Snacking Brand

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PHAB

Phab, the D2C healthy snacking brand co-founded by Ankit Chona of ice cream brand Hocco and his wife Gayatri Chona, has raised $2 million (around ₹17 crore) in a seed funding round led by OTP Ventures, with participation from Capri Global, Sim&San law firm, and angel investors.

Founded in 2018, phab offers protein bars and healthy milkshakes, leveraging Ankit’s decade-long food industry experience and Gayatri’s expertise as a certified nutritionist. The brand has sold over 2 million units and sells through e-commerce and quick commerce platforms like Amazon, Flipkart, Zepto, and Blinkit.

Despite a 12% dip in operating revenue to ₹5 crore in FY24, phab trimmed its net loss by nearly 3% to ₹6.8 crore, showing improved efficiency.

The new funds will be used to expand the team, invest in production capacity, and grow phab’s presence across digital, quick commerce, and offline channels. The brand competes with Yoga Bar, Beyond Snack, and The Whole Truth in India’s growing $68 billion healthy snacking market. OTP Ventures’ founding partner Suhail Sameer praised phab’s bold, differentiated approach and the founders’ vision, signaling strong investor confidence in the brand’s growth potential.

 

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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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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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