Tag: accel
L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 crore
Innovist cofounder and chief executive Rohit Chawla is expected to pocket around Rs 600-700 crore from the sale of part of his stake to French…
L’Oréal buys control of Innovist as India beauty battle intensifies
L’Oréal SA is acquiring a majority stake in Indian beauty startup Innovist, deepening its bet on one of the world’s fastest-growing personal care markets as…
Startup investors cash out nearly Rs 18,000 crore after IPO lock-ins end
Top global investors, including SoftBank and KKR, have sold shares worth nearly Rs 18,000 crore in new-age companies, such as Groww and Lenskart, that went…
Acko hires former Junglee Games CPO Apoorv Kalra to lead auto insurance business
New-age insurance company Acko has appointed Apoorv Kalra, former chief product officer of Junglee Games, to head its auto insurance business as part of a…
ETtech Explainer: How Swiggy’s failed bid to become an Indian firm matters for Instamart
Food and grocery delivery company Swiggy’s failure to secure shareholder approval for changing its articles of association has delayed a governance reset that was meant…
Grocery delivery startup Apna Mart culls 10% of staff, moves base to Gurugram
Accel and Peak XV-backed grocery delivery startup Apna Mart has trimmed its headcount by 10% due to AI adoption in business operations and a decision…
Consumer durables market set to reach Rs 5.39 lakh crore in FY30; startups targeting niche segments: Report
Riding on growing demand for televisions, air conditioners, and refrigerators, India’s consumer durables market is set to grow to Rs 5.39 lakh crore by FY30,…
Bengaluru leads Delhi, Mumbai in startup deals, investments: CM Siddaramaiah
Bengaluru continues to lead India’s startup ecosystem with 89 deals worth $823 million signed in the January-March quarter of 2026, well ahead of Delhi and…
IndiGo takes equity stake in air-taxi startup Sarla Aviation, backs eVTOL push
IndiGo, India’s largest airline, has invested in Bengaluru-based Sarla Aviation, which is developing an electric aircraft to be used as flying taxis. The carrier picked…
Startups spot a cool opening as ACs become everyday need
Air-conditioners are fast shifting from a discretionary purchase to everyday need in Indian households, and that transition is opening the door for startups like Helium,…