Surat-based women's ethnic and casual wear maker Rajnandini Fashion India saw its ₹18.2 cr SME IPO (price band ₹59-63) fully subscribed on day one, with QIBs at 3.51x and NIIs at 2.14x. Brand sells via Amazon, Flipkart, Myntra, Ajio and Nykaa Fashion. GMP holding at ₹6.

Mint · Markets · 5/26/2026, 10:12:14 AM

D2C sneaker brand Yoho raised Rs 15 Cr equity and Rs 8 Cr debt, led by Gulf Islamic Investments and Rajeev Misra with Paytm's Vijay Shekhar Sharma joining. Capital fuels an offline pivot via 2,500 multi-brand outlets and AI-enabled EBOs, targeting India's $6B sneaker market by FY32.

Entrackr · Newsletter · 5/26/2026, 7:30:01 AM

Reliance has installed Sandeep Karwa as CEO of AJIO, signaling a leadership reset at its flagship online fashion arm. The move lands amid a quiet funding week for Indian startups ($128M, down 56% WoW), with Scapia ($63M) and upGrad (~$38M) leading rounds and Snabbit pushing into salon-at-home beauty.

Entrackr · Newsletter · 5/23/2026, 7:11:36 AM

Reliance Retail has appointed former Coupang Taiwan head Sandeep Karwa as CEO of AJIO, succeeding Vineeth Nair. Nair takes on a broader mandate across Reliance's fashion and lifestyle portfolio, including Reliance Brands, as the group sharpens its play against Myntra, Flipkart, Nykaa Fashion and Tata CLiQ.

Entrackr · 5/20/2026, 5:46:46 AM

Reliance Retail has tapped former Coupang Taiwan head Sandeep Karwa to lead AJIO, while outgoing CEO Vineeth Nair takes on a broader mandate across the group's fashion and lifestyle business. The reshuffle comes as AJIO faces sharpening competition from Myntra, Flipkart, Nykaa Fashion and Tata CLiQ.

Entrackr · Newsletter · 5/20/2026, 5:45:46 AM

Reliance Retail has named Sandeep Karwa, former Coupang Taiwan head, as CEO of Ajio, Shein and its online fashion platforms. Vineeth Nair gets an expanded fashion-and-lifestyle remit. The reshuffle lands as Ajio Rush quick-delivery scales past 600 cities and Shein's India relaunch ramps to 50,000 SKUs.

ET Retail · 5/19/2026, 12:16:18 PM

Inc42 Datalabs projects India's ecommerce market to grow from $165 Bn to $450 Bn at 22% CAGR by 2031, lifting online share of retail from 12% to 22%. D2C brands led by Mamaearth, boAt and Lenskart will drive 86% of incremental value, scaling to $310 Bn at 37% CAGR.

Inc42 · 5/15/2026, 3:35:22 AM

Inc42 Datalabs projects India's $165 Bn ecommerce market to triple to $450 Bn by 2031 at 22% CAGR, doubling its retail GMV share from 12% to 22%. D2C brands like Mamaearth, Lenskart and boAt will drive 86% of incremental value, while quick commerce consolidates around Blinkit, Instamart and Zepto.

Inc42 · Buzz · 5/15/2026, 3:35:13 AM