DTC's Daily Digest gives you the latest news on the fastest growing brands in the world. In today's edition: Quiet investment will help control the application area of meditation; NA-KD is approaching profitability.
Calm investment will help in controlling the meditation application space
Less than five months after the US $ 88 million (£ 70m) category B became the first single mental health application, the Calm application now Add another US $ 27 million (£ 21 million) For this tour. Bringing the Group B to $ 115 million (£ 91 million) and total financing to $ 143 million (£ 114 million).
Calm revenues saw revenue growth quadrupled in 2018 to $ 80 million (£ 64 million) from $ 20 million (£ 16 million) in 2017. Startup is a positive cash flow and has been a rare year in the emerging world. Calm has more bizarre performances, including exclusive music for its subscribers and sleep stories told by some familiar voices like Matthew McConaughey or Leona Lewis.
But in general, the space of meditation application is relatively hectic. Calm's main competitor is Headspace, which raised about $ 75 million (£ 60 million) in venture capital funding over time and was integrated with Google Home. But others also filled cracks in the industry of meditation and therapy. For example, Talkspace connects those who need help with a network of processors, through a digital application. Recently collected $ 50 million in the series d.
Ola Electric enhances the electric fleet
In India, Ola is expanding its leadership of Ober in the country – and getting the help it needs from its joint investor, SoftBank, which Invested an additional $ 250 million (£ 199 million) at work. This will help Ola expand the fleet of electric vehicles in India.
The first round of B-type financing was worth $ 1 billion (£ 800 million). Time investment, comes as New Delhi seeks to increase its current fleet of taxis and scooters to reduce air pollution and carbon emissions. The country has set an ambitious goal of turning 40% of the fleet into electricity by 2026.
Ola Electric Raised $ 56 million (£ 45 million) earlier this year, Plans to bring 10,000 electronic vehicles to the road by the end of this year and deploy a million similar vehicles over the coming years.
The move also adds to Ola's few positive months, which recently announced the establishment of a new state-of-the-art technology center in San Francisco and is spreading across the UK this year. Meanwhile, Ober has small electric cars in the country.
NA-KD is approaching profitability
Swedish electronic retail NA-KD Owns Raised 22.47 million US dollars (£ 17.87 million), Where they continue to grow strongly and approach profitability. The investment came from existing owners Partech, Eequity and Northzone, while new investors Quadrille and La Maison also supported the company.
The company's sales amounted to 816 million Swedish kronor (£ 69.55 million) in 2019, representing a 95% increase over the previous year. Operating margin last year was minus 15%, and operating loss was about SEK 122 million (£ 10.4 million). In the first half of 2019, operating margin was minus 11% of sales, which proves that work is moving in the right direction.
NA-KD was founded in 2015 by serial entrepreneur Jarno Vanhatapio, a direct online fashion brand (DTC) for women, and is particularly targeted thousands of years through "affordable stylish clothing." The company's products are marketed mainly through social influencers.
New financing follows US $ 45 million (£ 36 million) was raised in January 2018Which was used to accelerate the growth of the company and make it a preferred brand of thousands. The company also established nine local sites last year, with the biggest focus on the United States and the United Kingdom.