Fashion

Startups that have built products for Bharat users—a term used for lower tier cities of India—have started monetizing their content.

Chingari plans to use the funds to enhance its content portfolio, hire talent, and increase its user base.

FirstCry is one of the many Indian startups that plans to go public in the next few years.

Early-stage VC fund IvyCap Venture earned USD 45.6 million after selling partial stakes in Purplle. It had invested USD 2 million in the company in 2015.

The five-year old consumer brand has manufacturing facilities across Germany, Italy, USA, and Korea, besides India, and sells its products globally.

Fashinza is expanding the network of manufacturers globally and is working with leading brands across 10 countries.

The company was listed in 2017 at USD 13 per ADS.

Chinese consumers are expected to account for 50% of the global luxury market by 2025. Second-hand luxury platforms have also sprung up in China to gain a slice of the market.