March 29, 2024
Funds

Peak XV-backed beauty startup secures funds for consultative pivot

Bengaluru: Peak XV-backed Foxy, a beauty ecommerce platform, is shifting focus to offer consultative services, including skincare advice to customers, said a person familiar with the matter, requesting anonymity. Lightspeed India, along with existing investors Matrix Partners and Peak XV (formerly Sequoia Capital), is expected to infuse more than $10 million to support the company’s

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Investment

Longevity takes the spotlight with L’Oréal’s investment in Timeline

A spin-off of the École Polytechnique Fédérale de Lausanne (EPFL), Timeline was created in 2007 by Chris Rinsch (co-founder and Chairman) and Patrick Aebischer (co-founder and Chairman), to develop innovative solutions for longevity. According to a news release from L’Oréal, Timeline has “developed a proprietary molecule, Mitopure®, whose property is to recycle and rejuvenate mitochondria,

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Investors

Investors buy Brazil mall stocks but shun struggling retailers

By Bloomberg Published Jan 1, 2024 Brazilian malls are back in consumers’ good graces, rebounding from years of losses while the country’s retailers struggle to survive high debt loads and fierce online competition. Bloomberg Shares of Allos SA are up close to 60% this year, on track for their biggest annual jump since 2019. Peers

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