You are currently viewing daily roundup (Dec 31, 2021)

daily roundup (Dec 31, 2021)

D2C Home Décor startup, WallMantra, raises Rs 2 Cr from Fluid Ventures

Home Decor and furnishing platform WallMantra has raised Rs 2 Crore from Fluid Ventures Fund in their seed round. 

Founded by Jitesh Agarwal, Shivam Agarwal and Kundan Lal, Delhi NCR-based WallMantra sells luxury home decor & furnishing products, it said in a statement. Its product line includes paintings, mirrors, smart furniture, curtains & bedsheets.

WallMantra claims that it sells over 10,000+ products every month from its own website and has a customer base of over 2,50,000 across the country with a repeat of 25 percent month on month. The company plans to utilise the funds in strengthening its sales and marketing capabilities and introducing aesthetically pleasing décor products for both Indian and US markets.

 “WallMantra, as a brand, has always tried to excel in bringing our patrons the latest and greatest in home decor & furnishing. We are endeavouring into international markets as well as the furniture segment as we grow at a rapid pace. Partnership with Fluid Ventures is going to help the brand substantially on our path to growth”, says Jitesh Agarwal, CEO & Co-founder, WallMantra.

Ola Electric scooters dispatched to all: Bhavish Aggarwal

Bhavish Aggarwal, Co-founder and Group CEO, Ola announced in a tweet that it has dispatched electric vehicles to “all” who purchased. “Some in transit, most already at delivery centres near you getting through RTO registration process. The registration process took longer than we anticipated as a fully digital process is new for all,” he said sharing the December update of its  Ola Electric vehicles.

Ola Electric had announced the launch and prices of its much-awaited electric scooterS1, with two variants S1 and S1 Pro, on India’s 75th Independence day.  The scooters was available for purchase from September 8, and deliveries began October. The Ola S1 and Ola S1 Pro are priced at Rs 99,999 and Rs 1,29,000, respectively.

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