Startup & Tech Daily Digest: 26 Jun

Belgium-based investment firm Sofina Ventures offloaded its stake in Honasa Consumer — the parent company behind popular beauty and personal care brands — through a bulk deal worth ₹177 crore on the secondary market. Honasa has established itself as one of India's most prominent players in the fast-growing beauty and personal care (BPC) segment. The exit marks a significant liquidity event and could signal a broader trend of early investors realizing returns as consumer-focused startups mature on public markets.

Gen Z-focused cafe chain Alienkind has raised $3.2 million in a Pre-Series A funding round as it looks to scale its distinctive dining and social experience across new locations. The brand has carved out a niche by targeting younger, experience-driven consumers who seek more than just food and beverages from a cafe setting. The fresh capital is expected to fuel geographic expansion and strengthen the company's foothold in India's competitive and rapidly evolving food-and-beverage retail landscape.