Blue-chip venture funds, investment firms backed by veteran corporate leaders as well as several startup founders are among those vying to buy stakes in a slew of new consumer brands that are challenging the dominance of incumbents.
Uppercase–a luggage brand started by former VIP Industries MD Sudip Ghose–is in talks with Flipkart-backer Accel to raise new capital, sources told us. This would be the third major deal in the space after Peak XV Partners Mokobara investment and Lighthouses bet on Safari.
Happy Friday! New-age brands are attracting capital from VC funds, founders and other types of investors. This and more in todays ETtech Morning Dispatch.
Consumer Brands: Uppercase–a luggage brand started by former VIP Industries MD Sudip Ghose–is in talks with Flipkart-backer Accel to raise new capital, sources told us. This would be the third major deal in the space after Peak XV Partners’ Mokobara investment and Lighthouse’s bet on Safari.
Shares of L Catterton Asia Acquisition Corp (NASDAQ:LCAA – Get Free Report) rose 2.4% on Tuesday . The stock traded as high as $16.55 and last traded at $13.51. Approximately 107,500 shares changed hands during trading, a decline of 44% from the average daily volume of 191,642 shares. The stock had previously closed at $13.19. […]