India Digest: L’Oreal's fund invests in Deconstruct; Zepto to hike IPO size

India Digest: L’Oreal's fund invests in Deconstruct; Zepto to hike IPO size

Photo: LinkedIn

Direct-to-consumer (D2C) skincare startup Deconstruct has reportedly raised funding while quick commerce firm  Zepto is seeking an increase in its IPO size.

L’Oreal fund, others back Deconstruct

Global cosmetics major L’Oreal’s venture capital fund BOLD, DSG Consumer, V3 Ventures, Kalaari Capital and Beenext have invested Rs 65 crore ($7.5 million) in Deconstruct, a direct-to-consumer (D2C) skincare startup, according to an ET report.

Deconstruct aims to use the fresh capital to bolster its distribution network, product development and enter into new product categories.

Established in 2021 by IIT Alumna Malini Adapureddy, the Bengaluru-based company offers skincare products like serums, facewash, sunscreen, moisturisers, lip balms, body wash, shampoos, conditioners, among others.

Zepto looking to increase IPO size

Quick commerce company Zepto is seeking to increase its initial public offering (IPO) size to $800 million to $1 billion from the initial target of $450 million, according to a report by ET.

The company estimates its gross sales to reach $5.5 billion in the last quarter of FY26 and achieve positive EBITDA (excluding ESOPs). Notably the company has also got the approval for relocating its base to India from Singapore ahead of the IPO expected this year.

Set up in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto delivers groceries, fruits & vegetables, personal care, electronics and other products in just ten minutes. It currently operates in 35 cities in India. 

Edited by: Padma Priya

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