🇮🇳 Roundup: Youngest unicorn Mensa buys denim brand, more

Startups in India, including Owo, EsportsXO, Hair Forever, The Gourmet Jar, and Zorgers, collectively raised at least US$4.4 million today in disclosed funding from international and local investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today:

Youngest unicorn Mensa buys denim brand

Mensa Brands acquired High Star – a homegrown denim brand that caters to digital-first consumers – for an undisclosed sum.

High Star offers a variety of jeans, jackets, skirts, jeggings, palazzos, and shorts, among other products. The firm has also expanded the range of its menswear, womenswear, and kidswear segments.

In November, Mensa Brands raised US$135 million at a valuation of about US$1.2 billion as part of a series B funding round led by Alpha Wave Ventures and Falcon Edge Capital’s growth-stage platform.

Founder of Sequoia-backed Pankhuri dies at 32

Pankhuri Shrivastava, founder of Pankhuri, a women-focused social community platform, and Grabhouse, a rental startup, died on 24 December at the age of 32.

Grabhouse was sold to online classifieds company Quikr in a cash-and-stock deal in 2016.

Pankhuri is a women-only community for members to socialize, explore and upskill themselves through live interactive courses, expert chat, and interest-based clubs.

IDAM House Of Brands acquires F&B company

IDAM House Of Brands, which acquires direct-to-consumer brands, bought a 60% stake in MeeSoGood, a chocolate-and-coffee brand.