Vinay Hiremath, an Indian-origin entrepreneur and co-founder of Loom, sold his startup to Atlassian for $975 million in 2023. Despite this significant achievement, Hiremath has expressed uncertainty about his future endeavors, sharing his thoughts in a candid blog post.
Hindustan Unilever Limited (HUL) is reportedly in advanced discussions to acquire Jaipur-based skincare startup Minimalist for approximately ₹3,000 crore ($350 million). Founded in 2020 by brothers Mohit and Rahul Yadav, Minimalist has gained prominence for its ingredient-focused skincare products and has demonstrated significant financial growth, with revenues nearly doubling from ₹184 crore in FY23 to ₹350 crore in FY24. The acquisition aligns with HUL's strategic focus on high-growth segments within the beauty and personal care industry.
TagZ Foods, renowned for its air-popped, guilt-free snacks, has been acquired by Reliance Retail for ₹28 crore. From its Shark Tank India debut to redefining snacking, TagZ’s journey exemplifies startup success. With Reliance’s backing, the brand is set to expand its reach, driving a healthier snacking revolution in India.
