Insight

Software-as-a-service (SaaS) based logistics management company FarEye, has laid off around 250 employees at the time of their appraisal.

Mobile POS startup QueueBuster has raised Rs 63.3 crore ( around $8.16 million) in its Series A funding round from Chiratae Ventures, Omidyar

<p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Noida based <strong>One Electric Motorcycles</strong> today announced that they have started exports to 8th country other than domestic operations. Along with 5 African countries, USA, India and Nepal, One Electric has also started trials in the Middle East region and are planning for 20,000 units per month sales across 3 continents by end of this year.</span></span><br /></p><table align="center" cellpadding="1" cellspacing="1" style="width:500px;"><tbody><tr><td><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><img alt="" src="https://www.newsvoir.com/images/article/image1/20675_Noida%20based%20One%20Electric%20Motorcycles.jpg" style="width: 500px; margin-left: 10px; margin-right: 10px;" /></span></span></td></tr></tbody></table><p style="text-align: center;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>One Electric Team in Kenya</strong></span></span><br /></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>CEO Gaurav Uppal</strong> shares, <em>"This fast-paced expansion is in line with our vision of becoming a truly global electric motorcycle company, and we plan to reach presence in 15 countries by the year end. This is our phase 1 of expansion, where we understand the local market conditions, environmental constraints and requirements, engineer our motorcycles to meet them, and send limited quantities for test marketing and analysis. This phase typically takes 8-10 months, and this is why we want to start limited operations in as many regions as possible."</em><br /><br /><em>"After initial performance data is assessed, we move to phase 2 of bulk deliveries in these regions, increasing numbers in a gradual manner. This phase should start by the last quarter of this year and we plan to reach scale of 20,000 units/month by mid of 2023."</em><br /><br /> The company shares that the Indian and African markets have very similar requirements, while Middle east markets pose the toughest challenge<em>. "In the Middle east market not only do we require a constant speed of 100 Kmph, but should be able to manage this at 50C ambient temperature, with a cooling system,"</em> explains <strong>Gaurav Uppal</strong>.<br /><br /> The cooling systems are not a prohibitive challenge for One Electric, as their CTO Mr. Abhijeet Shah has 30+ years' experience in thermal management for Environmental chambers in the Automotive, Defence & Aerospace sectors.<br /><br /><em>"Although battery cooling systems for 2 and 3-wheelers are not very challenging, they do come with some unique limitations,"</em> states <strong>Abhijeet Shah</strong>.<br /><br /><em>"Each Region has its own specific requirements and challenges, and our design architecture enables for a quick adaptation to suit those specific requirements. The delta required to keep the batteries running in optimum temperature range is not very high, but cost of system, cost of power, suitable technology and space restrictions make the solutions extremely tailormade. For example, a battery cooling system for a fixed pack would be completely different from a swappable solution of same specs. With our teams' 3 decade plus experience, we are able to optimise solutions for both. Besides using conventional refrigeration systems, we have also used cryogenic systems with a high cooling rate of up to 80 C/min for other applications." </em></span></span><br /></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">One Electric management further shares that the power train requirements in terms of speed and torque also vary in different regions, and they use both hub motors and mid drive motors accordingly. After India, Africa and Middle East, they are assessing the European market and working on meeting the technical requirements. <em>"The European Union's decision to phase out ICE engines by year 2035 will open up interesting opportunities for us. This is where we stabilize our expansion, reach target sales numbers, before moving on to the South American and South East Asian markets, marking our presence in 4 continents,"</em> explains <strong>Gaurav Uppal</strong>.<br /><br /> One Electric is also working with B2B ecommerce companies in India for strategic partnerships, and are commencing operations in this sector shortly.</span></span></p> <img src='https://newsvoir.com/images/blank-png-1.png' data-image='https://reports.newsvoir.com/images/pixel.gif' alt="" border="0" height="0" id="img_pixel" loaded="" width="0" onload="javascript: if (document.getElementById('img_pixel').getAttribute('loaded') == '') { document.getElementById('img_pixel').src = 'https://reports.newsvoir.com/Scheduler/CapturePartner?for=news&newsid=20675&author='+ new URLSearchParams(window.location.search).get('author') +'&referrer=' + document.referrer.toString() + '¤t=' + document.URL.toString(); document.getElementById('img_pixel').setAttribute('loaded', 'k'); } " / >

<p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Unwind Mind</strong> announces the closing of its pre-seed funding round, wherein it raises Rs. 2 Cr. at a Valuation of Rs. 15 Cr. with participation from strategic investors, including Yogesh Chaudhary and Marwari Catalysts.</span></span></p><p></p><table align="center" cellpadding="1" cellspacing="1" style="width:500px;"><tbody><tr><td><img alt="" src="https://www.newsvoir.com/images/article/image1/20694_marwari.jpg" style="width: 500px; height: 202px; margin-left: 10px; margin-right: 10px;" /></td></tr></tbody></table><p style="text-align: center;"><strong><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Surendra Rajpurohit, Founder and CEO, Unwind Mind with Sushil Sharma, Founder and CEO, Marwari Catalysts</span></span></strong></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Unwind Mind is a D2C venture aiming to enter into D2C fashion brands. Further, the startup will use the funding to aid and enter into the D2C fashion super-specialized category to become the market leader.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">The D2C ecosystem in India is growing exponentially due to factors like increasing first-time internet users and evolving consumers expectations, who are willing to experiment with new products and prefer personalized and direct engagement with brands.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">In this context, <strong>Surendra Rajpurohit, Founder & CEO of Unwind Mind</strong>, says, <em>"Indias D2C (Direct-to-consumer) market has been buoyant due to several successful startups, and the sector is poised to become a $100 billion addressable market by 2025. In addition, the pandemic has accentuated the need for the D2C way of doing business. This has contributed to the emergence of horizontal and vertical e-commerce players, social media marketing, and logistics options."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><em>"Moreover, we anticipate robust consolidation activity in the D2C ecosystem in the upcoming years as the Millennials are coming up with exceptional ideas ready to disrupt the traditional market. Our purpose at Unwind Mind is to revolutionize the D2C space by scaling promising D2C brands by involving tech support and industry expertise."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Sharing his viewpoint on the emerging D2C ecosystem, <strong>Sushil Sharma, the Founder & CEO of Marwari Catalysts</strong>, says, <em>"Our experience in consumer tech has been remarkable after two portfolio startup acquisitions in consumer-tech categories in the past one year, and were very bullish about the industry."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">He further states, <em>"The robust Internet ecosystem and evolving customer acquisitions strategies have made new business models viable and have led to the emergence of the direct-to-consumer (D2C) distribution channel. Today, India is witnessing the rise of D2C brands across categories, and the market is expected to flourish exponentially in the coming years. In addition, we expect high levels of funding activity in this space, increasing over time, as more successful D2C outcomes will validate the hypothesis for newer capital deployment."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Commenting on the investment, <strong>Yogesh Chaudhary, the Founder of Jaipur Rugs, and Investor, Unwind Mind</strong>, says, <em>"India is definitely making a mark with the tremendous D2C disruption. With the pandemic accelerating the digital transformation and triggering the D2C/eCommerce turning point, Indian startups have been given a wider field to grow their customer base through digital penetration, followed by offering a diverse yet solution-based product portfolio." </em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">He further adds, <em>"The potential of the D2C market in India will only continue to grow, and Unwind Mind is well-positioned to effectively tap this industry while helping brands scale."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>The journey towards growth..</strong></span></span></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">It is encouraging to see the immense growth of the D2C business model over the years. This year, we expect D2C businesses to gain momentum, expanding niche categories, new entrants, and positive investments from investors. As we look ahead, D2C brands will continue to flourish, with leading brands also launching their digital-first arms. And technology and innovation will be key to building impactful brands as the market evolves.</span></span></p> <img src='https://newsvoir.com/images/blank-png-1.png' data-image='https://reports.newsvoir.com/images/pixel.gif' alt="" border="0" height="0" id="img_pixel" loaded="" width="0" onload="javascript: if (document.getElementById('img_pixel').getAttribute('loaded') == '') { document.getElementById('img_pixel').src = 'https://reports.newsvoir.com/Scheduler/CapturePartner?for=news&newsid=20694&author='+ new URLSearchParams(window.location.search).get('author') +'&referrer=' + document.referrer.toString() + '¤t=' + document.URL.toString(); document.getElementById('img_pixel').setAttribute('loaded', 'k'); } " / >

Recently Physics Wallah, an edtech startup founded by Alakh Pandey, is the latest company to become the fast-growing profitable company to join

Fintech startup HostBooks has raised $3 Million in its Series-A funding round from Razorpay.

<p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>The Indus Entrepreneurs (TiE) Mumbai</strong>, is in its third year of initiating a <strong>"Hall of Fame"</strong> series that is aimed at recognizing outstanding Entrepreneurs, Investors, Investment Bankers, Corporates, our Pandemic heroes, Public Sector & Government change agents who have contributed tremendously to the development of the Economy and the Ecosystem in India and Globally. These recognitions are given to high achievers, impactful value creators, marquee individuals and institutions who have brought about positive change through innovation, disrupted the norms and are wealth creators.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">The "<strong>Hall of Fame</strong>" awardees were recognized at the 15th edition of TiECon Mumbai, held on 10th of June 2022 at the prestigious brand new Jio World Convention Centre. BKC - Indias largest and first state of the art Conference and Exhibition center. The Chief Guest for this years prestigious "<strong>TiE Mumbais Hall of Fame</strong>" was <strong>Mr. Harsh Mariwala, Founder and Chairman of Marico, </strong>who is a veteran Industry leader and a strong proponent of the Entrepreneurial landscape in India and <strong>Shri</strong><strong>Subhash Desai</strong>, Hon. Minister for Industries and Mining, Govt of Maharashtra was the guest of honor.</span></span></p><p></p><table align="center" cellpadding="1" cellspacing="1" style="width:500px;"><tbody><tr><td><img alt="" src="https://www.newsvoir.com/images/article/image1/20693_tie%2001.JPG" style="width: 500px; height: 328px; margin-left: 10px; margin-right: 10px;" /></td></tr></tbody></table><p style="text-align: center;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Amit Mookim - President, TiE Mumbai</strong></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Amit Mookim, President, TiE Mumbai</strong> said, "<em>The awardees of the Hall of fame have shown exemplary courage, passion and foresight in being disrupters who have created wealth and opportunities for thousands. This year we also have an additional</em><em> mention </em><em>recognizing the efforts of Sony TV India for bringing Shark Tank to our country and educating the masses about entrepreneurship thus accelerating Entrepreneurship development in India</em>."</span></span></p><p></p><table align="center" cellpadding="1" cellspacing="1" style="width:500px;"><tbody><tr><td><img alt="" src="https://www.newsvoir.com/images/article/image2/20693_tie%2002.JPG" style="width: 500px; height: 357px; margin-left: 10px; margin-right: 10px;" /></td></tr></tbody></table><p style="text-align: center;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Harish Mehta, Executive Chairman, Onward Technologies Ltd. and Author, The Maverick Effect</strong></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Harish Mehta, Executive Chairman, Onward Technologies Ltd. and Author, The Maverick Effect</strong></span></span><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>, </strong>who brought TiE to India in 1999 said, "<em>My heartiest congratulations and best wishes go out to all the awardees of TiE Mumbais Hall of Fame. All the entrepreneurs, investors, and achievers inducted today deserve praise for being stellar performers, for dreaming big, and for putting in the hard work towards making those dreams come true. Heres hoping each of them continues to create value for India and play their part in mentoring our blossoming start-up industry</em>."</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>About the Awardees</strong></span></span></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">This year's Hall of Fame 2022 inductees includes the following illustrious Entrepreneurs, Investors and Achievers of the Entrepreneurial Ecosystem:</span></span></p><p style="margin-left:18.0pt;"><br /><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">1. Outstanding Startup in Ed-Tech: upGrad</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">2. Outstanding Startup in Healthcare & Health Tech: CitiusTech</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">3 Outstanding Startup in AgriTech: ReshaMandi</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">4. Outstanding Startup in Data & Analytics: Fractal Analytics</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">5. Outstanding Startup Ecosystem Builder: - 9Unicorns</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">6. Outstanding Startup in FinTech - OfBusiness</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">7. Pandemic Heroes- A.T.E. Chandra Foundation</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">8. An Iconic Program for Accelerating Entrepreneurship Development in India- Sony TV India - Shark Tank India</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">9. Outstanding Fund - Norwest Venture Partners</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">10. Iconic Investor on Shark Tank India & For Inspiring a Nation with Entrepreneurship-Anupam Mittal, People Group (Shaadi.com)</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">11. Iconic Investor on Shark Tank India & For Inspiring a Nation with Entrepreneurship - Vineeta Singh, Sugar Cosmetics</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">12. Iconic Investor on Shark Tank India & For Inspiring a Nation with Entrepreneurship - Namita Thapar, Emcure Pharma</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">13. Iconic Investor on Shark Tank India & For Inspiring a Nation with Entrepreneurship - Peyush Bansal, Lenskart</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">14. Iconic Investor on Shark Tank India & For Inspiring a Nation with Entrepreneurship - Ghazal Alagh, Mama Earth</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">15. Iconic Investor on Shark Tank India & For Inspiring a Nation with Entrepreneurship - Ashneer Grover, BharatPe</span></span></p><p style="margin-left:18.0pt;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">16. Iconic Investor on Shark Tank India & For Inspiring a Nation with Entrepreneurship - Aman Gupta, Boat</span></span></p><p><br /><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">TiEcon Mumbai is the largest Entrepreneurial conference in the West of India, and it attracts all the key Industry Leaders from Mumbai and India, Startup Founders and Investors. TiEcon sees close to 3000+ people attending the conference. The conference had around 25+ Indias leading Unicorns, who spoke on various aspects of their journey, growth & scaling, struggles & conquests, product & engineering stories, technology adoption and pivots that have helped them accelerate their journeys.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>About TiE</strong></span></span></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">The Indus Entrepreneurs (TiE), was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region. Since 1992. TiE has been supporting entrepreneurs by offering education, mentorship, networking and funding opportunities. The mission of TiE is to foster entrepreneurship globally through the 5 pillars of TiE: mentoring, networking and education, funding and incubation. Dedicated to the virtuous cycle of wealth creation and giving back to the community. TiE's focus area is to generate enable the next generation of entrepreneurs. There are currently 11,000 members, including over 2,500 charter members in 60 chapters across 17 countries. TiE's mission is to foster entrepreneurship globally through mentoring, networking, and education. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE's focus is on generating and nurturing our next generation of entrepreneurs.</span></span></p> <img src='https://newsvoir.com/images/blank-png-1.png' data-image='https://reports.newsvoir.com/images/pixel.gif' alt="" border="0" height="0" id="img_pixel" loaded="" width="0" onload="javascript: if (document.getElementById('img_pixel').getAttribute('loaded') == '') { document.getElementById('img_pixel').src = 'https://reports.newsvoir.com/Scheduler/CapturePartner?for=news&newsid=20693&author='+ new URLSearchParams(window.location.search).get('author') +'&referrer=' + document.referrer.toString() + '¤t=' + document.URL.toString(); document.getElementById('img_pixel').setAttribute('loaded', 'k'); } " / >

<p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><a href="https://www.jitojiif.com/">JITO Incubation and Innovation Foundation</a> (JIIF) and JITO Youth wing (JYW) in association with North Zone recently hosted the grand JIIF Shark Angels. Out of the 5 startups that pitched, 4 received cumulative investments of INR 6.3 Crores. As per the breakup, INR 50 Lakhs secured by the employee retention and customer loyalty platform <a href="https://www.unomok.com/">Unotag</a>, the gloves making company <a href="https://glovatrix.org/">Glovatrix</a> that help deaf and dumb communicate is assured INR 80 Lakhs support, Photos sharing platform and tool <a href="https://www.kwikpic.in/">Kwicpic</a> raised INR 1 crores, Edtech skill testing platform <a href="https://offee.in/">offee</a> pitched last and got commitments of 4 crores. Of the 4 that raised funds, 3 startups also closed their funding round through Shark Angels commitments only. The audience have also shown interest to invest in the startups.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">With the 200+ live participants and 1400+ virtual audience the massively successful event saw the support from the highest level of dignitaries such as Shri. Anilji Jain - Refex Group, Shri Bajjrangji Bothra - Epack Group, Shri Hemantji Jain - KLJ Group, Shri Vinayji Jain - MLM Group, Shri Prasanji Jain - Sugal and Damani Group and Manojji Mehta - MTC Group. Without these dignitaries this stature of event could not have been achieved. This is the third in the series of this event that is planned to be organised in multiple cities. The event was hosted by celebrity Ranvijay Singha and Dhruvin Dhruva from JIIF Secretariat.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Shri Vikaramji Jain, JITO North Delhi Chapter Chairman and Shri Ramanji Jain, JITO Gurugram Chapter Chairman has organised the JIIF Shark Angels as a part of JITO Games which took place in Noida from 26th May to 28th May. Thanks to JITO North Zone for constant help and support. Also to the games and North youth team and many others for helping in organising the event.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Jeenendra Bhandari Chief Secretary of JIIF</strong> said, <em>"JIIF Shark Angels has the vision to create a pan India impact in terms of financial resources as well as business connections. A multi-city Shark Angels event organised to ensure local startups maximize their potential and realise their dreams along with channelizing investments from potential sharks at regional level. Thus, enhancing the benefit of synergy and strategic expertise of investors and startups strengthening the regional ecosystem."</em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Anup Mehta, Vice-Chairman of JIIF (Incubation, Acceleration and Corporate Innovation),</strong> expresses gratitude to the Shark Angels of the Noida event, the JIIF Secretariat team to bring life and execute this vision of on the spot fund raising event to this level. Youth Wing, especially Dhiraj Chajjed, National Youth Chairman, has been an equal partner in this journey, and JIIF looks forward to their continued support for all the events planned across India. Sincere thanks to Shri Ramanji Jain making arrangements and hosting the event on such a magnanimous scale. JIIF is also grateful to its National Sponsor Finmen Advisors for providing support to fuel the organizing team with enthusiasm.</span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">JIIF looks forward to the support the strong Startup ecosystem by leveraging the JITO Network to benefit all the stakeholders to provide the necessary support and best of resources to our Jain Entrepreneurs and be a catalyst in their journey of being unicorns from soonicorns. The sharks have been kind to let the audience participate in investing with them on the same round so whoever would like to invest into one of the seven startups kindly get in touch with the JIIF Secretariat team at [email protected] or visit our website to know more.</span></span></p> <img src='https://newsvoir.com/images/blank-png-1.png' data-image='https://reports.newsvoir.com/images/pixel.gif' alt="" border="0" height="0" id="img_pixel" loaded="" width="0" onload="javascript: if (document.getElementById('img_pixel').getAttribute('loaded') == '') { document.getElementById('img_pixel').src = 'https://reports.newsvoir.com/Scheduler/CapturePartner?for=news&newsid=20641&author='+ new URLSearchParams(window.location.search).get('author') +'&referrer=' + document.referrer.toString() + '¤t=' + document.URL.toString(); document.getElementById('img_pixel').setAttribute('loaded', 'k'); } " / >

<p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Lakme Academy powered by Aptech, the leading hair & beauty training institute in India,<strong></strong>ropes in Ananya Panday as their Brand Ambassador. The brand has chosen Ananya due to her long-standing relationship with Lakme Academy and Lakme Salon. Appealing to a young, Gen Z audience with her quirky, cute and charming demeanour, Ananya is a recognised youth icon<strong></strong>in India.</span></span><br /></p><table align="center" cellpadding="1" cellspacing="1" style="width:500px;"><tbody><tr><td><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><img alt="" src="https://www.newsvoir.com/images/article/image1/20671_Ananya%20Panday%20onboarded%20as%20the%20brand%20ambassador.jpeg" style="width: 500px; margin-left: 10px; margin-right: 10px;" /></span></span></td></tr></tbody></table><p style="text-align: center;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Ananya Panday onboarded as the brand ambassador for Lakme Academy powered by Aptech</strong></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">The INR 25,000 crore professional beauty and wellness industry in India, which includes salons, spas, parlours, men grooming outlets & skin clinics, amongst others, has grown at a CAGR of 12% over the last decade. The industry is extremely fragmented, but it is believed to have over one million outlets employing almost 15 million people, of which nearly 65% are women. For a young country like India, with nearly 700 million individuals below 25 years of age, the beauty and wellness industry has the potential to generate livelihoods in small towns without promoting mass-scale migration to large metros.* According to the latest report offering in Research & Markets Indias Beauty and Personal Care Market is estimated to be USD 24.53 Bn in 2022 and is expected to reach USD 33.33 Bn by 2027, growing at a CAGR of 6.32%..** </span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Focusing on professional training and providing opportunities in the space, Lakme Academy powered by Aptech, with over 130 centres in 100 cities+ across India, is considered a pioneer and has added tremendous value in not only upskilling thousands of students with their industry-relevant curriculum, but also giving them hands-on experience of becoming professional artists beautifying their future and that of the industry as well.</span></span><br /></p><table align="center" cellpadding="1" cellspacing="1"><tbody><tr><td><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><img alt="" src="https://www.newsvoir.com/images/article/image2/20671_Ananya%20Panday%20brand%20Ambassador.jpeg" style="width: 266px; height: 400px; margin-left: 10px; margin-right: 10px;" /></span></span></td></tr></tbody></table><p style="text-align: center;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Ananya Panday brand Ambassador for Lakme Academy powered by Aptech</strong></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Actor Ananya Panday</strong> said, on the association, <em>"I am thrilled to announce my association with Lakme Academy powered by Aptech, because it gives me an opportunity to join them in their initiative of beautifying the future of millions of young Indians with world-class education and career opportunities. Beauty and wellness is such an important part of our lives now, especially after the past two years, and these Lakme Academy trained professionals are truly helping us be the best versions of ourselves. I encourage everyone with a dream to succeed in the beauty industry to head straight to Lakme Academy and start building their careers."</em></span></span><br /></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/UbDsCZzjJWg" title="YouTube video player" width="100%"></iframe></span></span></p><p style="text-align: center;"><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Ananya Panday | Lakme Academy powered by Aptech | Beautiful Futures</strong></span></span><br /></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">YouTube Video '<strong>Ananya Panday about Joining Lakme Academy powered by Aptech</strong>' <a href="http://www.youtube.com/watchv=UbDsCZzjJWg">www.youtube.com/watchv=UbDsCZzjJWg</a>.</span></span></p><p><br /><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Pushkaraj Shenai, CEO & Executive Director, Lakme Lever,</strong> said, <em>"With her infectious energy and on-trend personal style, Ananya Panday is the perfect fit for Lakme Academy powered by Aptech. We want to encourage more young people from all corners of the country to build their dream careers with us and we are confident that Ananya will help us deliver that message. We look forward to a long and fruitful association with her." </em></span></span></p><p></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Pooja Mukundan, Brand Head, Lakme Academy powered by Aptech, </strong>said, "<em>We are delighted to bring Ananya Panday on board as the Brand Ambassador for Lakme Academy powered by Aptech. Ananya has been a brilliant student all through her academic life and decided to follow her dreams of making it big in Bollywood. Similarly, Lakme Academy powered by Aptech believes in upskilling and beautifying the futures of millions of aspirants with rewarding careers in the beauty, hair and skin segment. The students who have trained with us have been placed with the best brands in the industry or have gone on to become entrepreneurs, and we hope to keep introducing and giving opportunities to new talent." </em></span></span></p><p><br /><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>About Lakme Lever</strong></span></span></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Lakme Lever Pvt. Ltd. (Lakme Lever) is a 100% subsidiary of HUL. It operates India's first and leading chain of Lakme Salons that offer expert services in Hairstyling, Skin and Beauty care. With nearly 40 years of experience and a footprint of over 450+ Lakme Salons across 160 cities, Lakme Salon has a deep understanding of the beauty industry. Lakme Salon is dedicated to the contemporary Indian woman's exploration of the fine art of beauty. Known for its magical concoction of stunning make-up, fabulous hair and excellent skin services, Lakme Salon brings the backstage expertise and experience of Lakme Fashion Week to modern Indian women through a team of over 5000+ highly trained professional stylists. With professionally trained hair and makeup experts with countless shows under their belt and outstanding skin services, Lakme Salons offer customers a distinct portfolio of services and backstage rituals presented in a unique Runway Secrets menu. Continuous innovation in the portfolio is at the centre of Lakme Salons' growth philosophy.<br /><br /> More than 150 entrepreneurs have partnered with Lakme Lever as franchisees to own Lakme Salons across the country. Backed by a comprehensive franchisee support model, expansion is one of the key focus areas for the company where a master franchisee and multi-store franchisee are provided special support and benefits. In 2015, Lakme Lever formalised a strategic alliance with Aptech - a global leader in vocational training to set up beauty academies to train aspiring stylists across India and equip them to start their careers in the beauty industry. Lakme Academy, powered by Aptech, is present in 115 locations across the country and offers foundation and advanced level courses in skin, hair and make-up.</span></span><br /></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>Lakme Academy powered by Aptech won:</strong></span></span></p><ul><li style="margin-left: 40px;"><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Best Professional Beauty Training institute of the Year' at ASSOCHAM's 3^rd Beauty, Wellness and Personal care Awards, 2020.</span></span></p></li><li style="margin-left: 40px;"><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">It also won the Global Education Awards 2019 for The Best Beauty & Wellness Training Institute of the Year. </span></span></p></li><li style="margin-left: 40px;"><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">Aptech Ltd. was also awarded the "<strong>Skill Learning Award - Beauty Training</strong>" by Franchise India in 2018.</span></span><br /></p></li></ul><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>For further information please visit </strong><a href="https://www.lakme-academy.com/">www.Lakm-academy.com</a>.</span></span><br /></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;">*Source: retail.economictimes.indiatimes.com/news/health-and-beauty/</span></span></p><p><span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"><strong>**</strong>Source: www.researchandmarkets.com/reports/5566901/</span></span></p> <img src='https://newsvoir.com/images/blank-png-1.png' data-image='https://reports.newsvoir.com/images/pixel.gif' alt="" border="0" height="0" id="img_pixel" loaded="" width="0" onload="javascript: if (document.getElementById('img_pixel').getAttribute('loaded') == '') { document.getElementById('img_pixel').src = 'https://reports.newsvoir.com/Scheduler/CapturePartner?for=news&newsid=20671&author='+ new URLSearchParams(window.location.search).get('author') +'&referrer=' + document.referrer.toString() + '¤t=' + document.URL.toString(); document.getElementById('img_pixel').setAttribute('loaded', 'k'); } " / >

Edtech platform Exprto has raised Rs 5 crore in its seed funding round from GSF and Angel List USA.