D2C Beverage Brand O'Be Cocktails Shuts Down

• Thrive, a foodtech startup backed by Coca-Cola, has shut down due to resource constraints, says CEO Krishi Fagwani.
• The market dominance of large players made it difficult for smaller platforms like Thrive to survive.
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• Nearly 150-200 direct-to-consumer (D2C) brands have entered offline retail channels and quick-commerce platforms over the past 2 years.
• Since 2016, over 600 D2C brands have launched, receiving more than US$ 4 billion in investment o...

https://www.moneycontrol.com/news/business/mensa-brands-fires-200-employees-as-business-shows-signs-of-slowdown-10699211.html

• Investmint, a signal-based trading app backed by Nexus Venture, has started its voluntary liquidation process under the Insolvency and Bankruptcy Code, 2016.
• The board and shareholders have approved the transfer of intellectual prop...