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    May 23, 2025 at 6:46 pm

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Funding

Dazzl Raises $3.2M Seed Funding Led by OYO’s Ritesh Agarwal for AI Skincare Expansion

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Oyo StartupStories

Bengaluru, January 13, 2026 Dazzl, the D2C beauty startup revolutionizing AI personalized skincare India, secured $3.2 million in seed funding led by OYO founder Ritesh Agarwal’s venture arm. Co-investors include Snapdeal’s Rohit Bansal and Fireside Ventures, valuing Dazzl at $15 million post-money. Founded in 2024 by IIT alumni Priya Singh and Arjun Mehta, the app uses smartphone scans for custom serums, boasting 50,000+ users and ₹5 crore ARR amid India’s $25 billion beauty market surge.

Ritesh Agarwal praised Dazzl’s tech: “Personalization is beauty’s future, like OYO’s guest model.” Funds target R&D for 100+ skin profiles, Gujarat manufacturing under PLI, Instagram/Nykaa campaigns, and 50 hires. In a 20% YoY growing sector (Redseer 2025), Dazzl edges Mamaearth and Plum with 95% AI precision, 90% natural formulas, ₹499 kits, 65% retention (vs. 40% avg), and viral TikTok traction in 10 cities.

D2C beauty startup Dazzl tackles regulations via FSSAI compliance, eyeing $10B e-commerce beauty by 2028 and MENA exports. Q2 haircare launches and Series A loom, with Agarwal’s backing signaling unicorn potential for sustainable beauty products India. Dazzl blends AI with clean beauty for 500M+ consumers.

 

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Latest News

D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes

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StartupStories

Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.

In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.

Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.

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Tech

Paytm Grants ₹16.7 Crore ESOPs To Employees Under 2019 Stock Option Plan

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Paytm - StartupStories

Paytm parent One 97 Communications has granted fresh employee stock options (ESOPs) worth about ₹16.7 crore to eligible staff under its 2019 ESOP scheme, highlighting a stronger push toward employee ownership and retention. The grant covers 1,23,908 options, each convertible into one equity share with an exercise price of ₹9, significantly below the prevailing market price. At Paytm’s recent share price levels, this translates into a notional value of around ₹16.6–16.7 crore for employees.​

The ESOPs are designed to align employee incentives with Paytm’s long-term growth, giving high-performing team members a direct stake in future value creation. As the options vest and are exercised, eligible employees can participate in potential upside from Paytm’s expanding fintech and payments ecosystem, subject to standard ESOP vesting conditions. The company has also confirmed that the scheme complies with SEBI’s share-based benefit regulations.​

This ESOP grant comes soon after Paytm’s payments arm secured key RBI approvals to operate as a payment aggregator across online, offline and cross-border transactions, strengthening its regulated payments stack. Coupled with rising operating revenues, the fresh stock options signal management’s continued focus on attracting and retaining top talent even as profitability remains under pressure. For SEO, key phrases around “Paytm ESOP grant,” “₹16.7 crore employee stock options,” and “One 97 Communications employee ownership” capture the core update for search and news discovery.

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