[Funding alert] Marwari Catalysts' Portfolio Startup, Unwind Mind, Raises Rs. 2 Cr. at a Valuation of Rs. 15 Cr
<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'); } " / >
Unwind Mind 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.
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.
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.
In this context, Surendra Rajpurohit, Founder & CEO of Unwind Mind, says, "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."
"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."
Sharing his viewpoint on the emerging D2C ecosystem, Sushil Sharma, the Founder & CEO of Marwari Catalysts, says, "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."
He further states, "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."
Commenting on the investment, Yogesh Chaudhary, the Founder of Jaipur Rugs, and Investor, Unwind Mind, says, "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."
He further adds, "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."
The journey towards growth
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.
Weekly Startup Funding News Report For 25 October - 29 October 2024 (Latest Updates)
Weekly Funding Roundup - We compile a Weekly Startups Funding News Report summarizing all the startups that secured funding during the week. This report provides a consolidated list of newly funded ventures daywise.
Weekly Funding Roundup - We compile a weekly startups funding news report summarizing all the startups that secured funding during the week. This report provides a consolidated list of these newly funded ventures day-wise, offering a concise overview of the latest developments in the startup funding landscape. Get allIndian statups news at Viestoires.
Weekly Startups Funding News [25 October 2024 - 29 October 2024]
Althion Funding News - Althion has Secured Rs 3.6 crore in Pre-Series A Round Funding
Trisu Funding News - A pre-seed funding round, which was co-led by All In Capital, has secured an undisclosed quantity of investment for the vermeil jewelry brand Trisu.
GameEon Funding News - GameEon, a game development studio, has raised $1 million in its most recent funding round, which was co-led by SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, Tal64.
Wundrsight Funding News - Wundrsight, a digital therapeutics startup, has secured $400K in its seed round, which was led by Inflection Point Ventures. Social Alpha, in conjunction with other angel investors, has also participated in the round.
Dharaksha Ecosolutions Funding News - Dharaksha Ecosolutions, a biotech-driven R&D start-up, has secured Rs 24.8 crore (approximately $2.95 million) in a Seed funding round sponsored by Avaana Capital.
Omnivore Funding News - Omnivore’s third fund, the Omnivore Agritech and Climate Sustainability Fund, received $5 million in investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) Group.
Futwork Funding News - In its Series A round, which was led by the Michael & Susan Dell Foundation and included Artha Ventures, Simile Capital, and other investors, sales outreach platform Futwork has raised Rs 20.9 crore, about $2.5 million.
Centricity Funding News - In a seed round, Lightspeed and returning investors Burman Family Office and Shantanu Agarwal, among others, led the investment in wealth management startup Centricity, which raised $20 million at a valuation of $125 million.
11 September 2024 - Funding News
Zivy Funding News - Zivy, an AI tool that prioritizes workplace messages and duties, has secured $1.2 million in a pre-seed funding round co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures.
Mitra Funding News - A strategic family office based in Dubai and Bestvantage Investments led the Pre-Series A fundraising round for D2C FMCG firm Mitra, which raised INR 11 Cr ($1.3 Mn).
InMobi Funding News - MARS Growth Capital, a joint venture between MUFG and Liquidity Group, has provided $100 million in debt financing to InMobi, a provider of mobile advertising network software.
Track3D Funding News - Track3D, an AI reality intelligence platform for the construction industry, announced that it had secured $4.3 million in seed funding. The funding was led by Endiya Partners, with participation from Shadow Ventures and Monta Vista Capital.
Flexiloans Funding News - In an equity funding round led by American not-for-profit fund Accion, US asset management firm Nuveen, and Nandan Nilekani-backed venture fund Fundamentum, Mumbai-based digital lending startup Flexiloans has secured Rs 290 crore (approximately $35 million).
10 September 2024 - Funding News
Crackle Technologies Funding News - Crackle Technologies, an adtech startup, has secured $1.7 million (approximately INR 14 crore) in a pre-seed funding round that was jointly headed by We Founder Circle and AC Ventures.
Nestasia Funding News - Nestasia, a lifestyle and home décor brand, secured $8.35 million in a new funding round from Susquehanna Asia VC, Stellaris Venture Partners, and angel investors.
Supersquad Funding News - Supersquad, a startup that specializes in creator monetization, has secured Rs 2.1 crore in a funding round that was spearheaded by WLDD. Nitin Rajput and Jivraj Singh Sachar, angel investors, also contributed to the round.
AppsForBharat Funding News - AppsForBharat, the parent company of the devotional app Sri Mandir, has secured $17.8 million in its Series B funding round, which was led by Fundamentum.
Arnya Real Estate Funding News - Arnya Realestates Fund Advisors, an alternative investment management firm, has successfully closed the first close of its Rs 1,000-crore maiden debt fund, raising Rs 375 crore.
9 September 2024 - Funding News
Transcell Biologics Funding News - Quantiphi and IAN Group, both of Boston, have invested an undisclosed sum in Transcell Biologics, a biotechnology company.
2 September 2024 Monday - Latest Funding News in India
Mintifi Funding News- Mintifi a B2B digital lending startup, is reportedly in discussions to secure $100 million in a new funding round.
Clean Electric Funding News - Clean Electric, an energy storage solutions startup, has secured Rs 48.5 crore (approximately $6 million) in funding from both new and existing investors.
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