📈 Mensa Brands becomes profitable. What next? 📈

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Daily Capsule | 1st June 2022 Hello Readers, The journey of Mensa Brands is one that most entrepreneurs dream about.  Within six months of its launch last year, the roll-up ecommerce startup became a unicorn, crossing $1 billion in valuation. Now, the Bengaluru-based company reported that it turned profitable , with a net revenue run rate of Rs 1,500 crore in the first 12 months of operations. The Thrasio-style startup was founded with a vision to take India’s D2C (direct-to-consumer) brands global . Presently, it works with 20 brands. "Structurally, our model is a profitable one. We have been very careful about how we grow, without using subsidies and making sure the brands are all individually profitable," Ananth Narayanan, Founder and CEO , Mensa Brands, tells YourStory. Next target? Rs 3,000 crore revenue run-rate in the next 12 months. Read the full story here. Here are other highlights of today's Daily Capsule: Editor’s Pick: Samosa Singh Startup Spotlight: Vajro, MasterChow  News and updates and more… Editor’s Pick: Samosa Singh Editor’s Pick Samosa Singh What do you do about your late-night cravings when all restaurant chains and cloud kitchens close? Enter QSR (quick-service restaurant) startup Samosa Singh. The Bengaluru-based snack startup, which perfected the samosa over the last one-and-a-half years, started its late-night snack service experiment three months ago, and now has 40 stores running until 2 AM. Read more. Startup Spotlight Mobile apps for SMBs For small businesses, the lack of resources or manpower often becomes a stumbling block to building mobile applications and expanding their reach. Enter Chennai-based Vajro, which is helping these businesses build mobile apps using drag and drop features available on its platform. Its clients include the likes of Himalaya, Earth Rhythm, and Juicy Chemistry. Read more. Startup Spotlight Master Pan Asian cooking at home Founded in 2020, Delhi-based MasterChow is a ready-to-cook Asian cuisine brand that offers a range of premium Asian pantry staples like stir-fry sauces, ready to eat dips and noodles for quick, restaurant-style food at home. Read more . The CapTable How tech couple runs unicorns OfBusiness and Oxyzo 70% of OfBusiness’ senior leaders today joined the IPO-bound B2B unicorn as management trainees. Their ascent shows how effectively the founders have recruited talent and structured the organisation. Continue Reading Startup Funding: Deals of the day Startup Funding Deals of the day Startup Amount Round SUGAR Cosmetics $50 million Series D StrideOne $32 million Undisclosed Synaptic $20 million Series B In Case You Missed It* *A roundup of interesting stories from global media organisations; YourStory has not verified this content and does not vouch for its accuracy India's economic growth slowed to the lowest in a year in the first three months of 2022 , hit by weakening consumer demand amid soaring prices that could make the Reserve Bank of India’s task of taming inflation without harming growth more difficult. Japan's Chubu Electric Power Co Inc said on Tuesday it will spend up to 5 billion yen ($39 million) to buy a 20 percent stake in India's rural renewable energy service company, OMC Power Private Ltd, through a third-party allotment of shares. Prices in the Euro Zone continued their march higher in May, hitting a record high for the seventh month in a row. Inflation came in at 8.1 percent for the month , up from April’s record high of 7.4 percent and above expectations of 7.8 percent. Before you go, stay inspired with... — Vinay Singhal, Co-founder and CEO, STAGE "If you don’t give up, life does give you a way out." We want to hear from you. Tell us what you think of this newsletter and what else you’d like us to explore. You can reach us at editorial@yourstory.com. If you don’t already get this newsletter in your inbox, please sign up here . You can also read past issues of this newsletter here . Download the YourStory App Don't forget to follow us to get updates on the go

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