Inc42's June 2026 List Spotlights D2C Upstarts From Ramen To Jewellery Marketplaces

Inc42's monthly roundup features India-focused retail plays: jewellery marketplace Eternz (200+ brands, 6X revenue target), Korean ramen brand Gimi Michi (₹16.8 Cr FY26 run rate), cookware maker Kroslo, kids toys LiLLBUD (₹3.5 Cr ARR), sugar substitute The Sweet Change (₹1.7 Cr) and used two-wheeler platform Speedioo (₹30 Cr GMV).

— Source publishedWed, 1 Jul, 2026, 16:41 IST·First seen Wed, 1 Jul, 2026, 17:14 IST·Source Inc42

What happened

Inc42 30 Startups To Watch · Inc42's June 2026 startup roundup features several India-focused D2C and retail plays: jewellery marketplace Eternz, Korean ramen

Key facts

  • Gimi Michi ₹16.8 Cr FY26 run rate
  • Eternz 200+ brands, 6X revenue target
  • LiLLBUD ₹3.5 Cr ARR
  • The Sweet Change ₹1.7 Cr revenue
  • Speedioo ₹30 Cr GMV, 4000 vehicles
  • $5.2 Bn H1 2026 startup funding

Why this matters

Eternz's 200+ brand marketplace and Gimi Michi's ₹16.8 Cr run rate stand out as potential aggregation or distribution acquisition targets, while niche makers like Kroslo and The Sweet Change are more likely acqui-hire or shelf-space partnership candidates.

What to watch

  • Any cohort brand crossing ₹100 Cr run rate or announcing Series A+
  • M&A/roll-up announcements in jewellery or F&B D2C
  • Q-commerce platform take-rate hikes or exclusivity deals
  • H2 2026 funding pace vs $5.2 Bn H1 baseline
  • Category-specific import/GST policy shifts on Korean food or sugar substitutes
  • Map which cohort brands have raised follow-on vs bootstrapped to predict 12-month survivorship
  • Track Eternz brand-count trajectory as a marketplace consolidation signal for jewellery D2C
  • Benchmark Gimi Michi run-rate against imported Korean-food incumbents for breakout potential
  • Assess Speedioo GMV-to-revenue conversion vs incumbent used-vehicle platforms
  • Watch quick-commerce commission trends impacting F&B/cookware margins

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