Nykaa absorbs Earth Rhythm at ₹9.4 Cr; Zepto lines up ₹11,000 Cr IPO by July
Indian startups pulled $92.2 Mn this week. Nykaa's board cleared a 24.2% Earth Rhythm buy for ₹9.4 Cr, taking the clean-beauty D2C label to subsidiary status. Zepto is targeting a ₹11,000 Cr ($1.1 Bn) IPO filing by July 31, while travel-card fintech Scapia led the week with a $63 Mn raise.
Indian startups raised $92 Mn this week. Key retail signals: Nykaa board cleared 24.2% Earth Rhythm acquisition for ₹9.4 Cr making it a subsidiary; Zepto plans ₹11,000 Cr IPO by July 31; multiple D2C ecommerce seed rounds.
Why this matters
Zepto's July IPO filing target aligns with prior signals on its ₹11,000 Cr listing plans and dense 21-dark-store-per-city strategy that differentiates it from Zomato and Swiggy.
Retail-company signals steady at 997 in the last 90 days.
Also reported by
- Inc42 — Same time