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Bright Money raises $31m from Sequoia India, Falcon Edge, others

Bright Money raises $31m from Sequoia India, Falcon Edge, others
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

Indian casual wear brand The Souled Store raises $10m from Elevation Capital

Indian casual wear brand The Souled Store raises $10m from Elevation Capital Photo by Priscilla Du Preez on Unsplash August 4, 2021 Mumbai-based casual wear brand The Souled Store on Wednesday said that it has raised Rs75 crore as a part of its Series B funding led by Elevation Capital. The investment round also saw participation from angel investors and startup founders including – Sahil Barua, co-founder Delhivery; Gunjan Soni, chief executive officer, Zalora; Revant Bhate, co-founder, Mosaic Wellness; Ramakant Sharma, founder, Livspace among others. According to the company, it will be using the capital to expand its product portfolio on both licensed merchandise and casual wear, while building better brand awareness and offline retail presence pan India. The company will also be using the funds to expand its manufacturing capabilities and focus on recruiting activities.

The Souled Store Raises $10 Mn, Looks To Expand Manufacturing & Retail

The Souled Store Raises $10 Mn, Looks To Expand Manufacturing & Retail
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Singapore online retailers go green by merging fashion with sustainability

Singapore online retailers go green by merging fashion with sustainability CNBC 3 hrs ago Sumathi Bala Making sustainability part of their business plan is critical for online retailers as the industry comes under criticism for its heavy use of plastics in packaging. Countries need to take the lead on issues such as climate change, said Vinod Thomas, visiting professor at the National University of Singapore s Lee Kuan Yew School of Public Policy. Leadership has to be provided so others too will follow, he said. Going green is a priority for Singapore s online fashion retailers Replay Video UP NEXT There are rising concerns about packaging waste as internet shopping takes off but some online retailers say they won t let sustainability take a backseat.

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