Bakingo, the Gurugram-based online bakery, achieved a 43% revenue surge in FY24, reaching ₹208.7 crore. Despite marginal losses of ₹5.3 crore, the company’s national expansion and recent ₹130 crore funding signal growth ambitions. With plans to double dark kitchens and enter 10 new cities, Bakingo is poised for market dominance.
Indian fashion brand Beyoung, founded by CEO Shivam Soni, has partnered with Middle Eastern e-commerce platform Noon.com, established by Mohamed Alabbar and led by CEO Faraz Khalid, to enter the UAE, Saudi Arabia, and Egypt markets. This strategic collaboration aims to make affordable, premium fashion accessible to a broader audience, aligning with Beyoung's global expansion plans.
Delhi-based D2C footwear startup Yoho has raised Rs 27 crore ($3.21 million) in its Pre-Series B funding round, led by Gulf Islamic Investments (GII). Founded by Ahmad Hushsham and Prateek Singhal, Yoho focuses on orthopedic, comfort-centric footwear designed to address common foot issues while blending style and performance. With this fresh capital infusion, the startup plans to enhance product innovation, scale its marketing efforts, and expand its offline retail presence in India’s growing $13.5 billion footwear market. The company previously raised Rs 20 crore in 2022 from high-profile investors like Rajeev Misra and Vijay Shekhar Sharma.
