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.
What happened
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
Key facts
- $92.2 Mn weekly funding
- Scapia $63 Mn
- Nykaa-Earth Rhythm 24.2% stake ₹9.4 Cr
- Zepto IPO ₹11,000 Cr ($1.1 Bn) planned July
Why this matters
Nykaa's 24.2% top-up to full subsidiary at just ₹9.4 Cr is a playbook for cheap consolidation of distressed D2C labels—scan your watchlist for clean-beauty brands with stalled growth and existing minority stakes.
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- Inc42 — Same time