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All You Need To Know About “hello,” The New Social Media App By Orkut Founder

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New Social Media App By Orkut Founder,Startup Stories,Startup News India,Orkut Founder Launches Hello App,Orkut Founder,Social Networking Site Orkut,New Social Network Hello in India,Orkut Founder Orkut Buyukkokten,Facebook founder Mark Zuckerberg,Hello Social Media App,Hello App

In the wake of the massive Facebook data breach scandal and the subsequent Congressional Hearing, the founder of the social networking site Orkut, Orkut Buyukkokten, launched a new social network “hello” in India.
4 years after shutting down Orkut, which once was a leading social networking site in India and Brazil, Orkut Buyukkokten announced the early entry of the social networking platform into the Indian market. According to their website, the app was founded by Buyukkokten along with a small group of ex-Google employees. Currently, the team consists of 20 members.

Speaking about the new networking platform, Orkut Buyukkokten said, “If you look at social media today, it has isolated people instead of bringing them closer. It has become more about broadcasting than sharing. We need a fresh start. hello is built around interest based communities where users with same interests can connect, leading to true connections.” In an official statement, the San Francisco based Hello Network Inc., said “hello” aims to bring people together around their interests to create positive, meaningful, authentic connections and sustained social engagement.

The app was first launched in Brazil and already has nearly one million downloads. The company claims, the app launched in the beta mode in India saw close to 35,000 users with users spending close to 320 minutes each month on the app. “We designed ‘hello’ to help you make connections in the real world. It’s a social network built on loves not likes and I’m delighted to say‘hello’ to India once again,” Buyukkokten further added.

Clarifying hello’s monetization model, Buyukkokten said the company “does not have to sell user data to get revenues.” This is after Facebook founder Mark Zuckerberg recently revealed, nearly 5.62 lakh people in the country were “potentially affected” by its global data breach. Once users sign onto the platform, they are asked about five things that they are passionate about based on which they get recommendations that are non intrusive. Buyukkokten added, “We also ensure that every advertiser has a profile on hello (for greater accountability),” and no user information is shared with third party apps. The app ‘hello’ is available for download on the App Store and the Google Play Store.

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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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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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