Author: Team CEO VINE

Flipkart has appointed Sharon Pais, currently the business chief at Myntra, as the new business unit head of Flipkart Fashion, according to a report by The Economic Times.

Pais, who replaces Kunal Gupta, returns to Flipkart after nearly four years at Myntra. Gupta will now lead Minutes, Flipkart’s Walmart-backed quick commerce arm, following Kabeer Biswas’s exit.

Before joining Myntra as Chief Business Officer (CBO) in 2021, Sharon Pais spent almost eight years at Flipkart in several leadership roles. She began her journey with Flipkart in 2014 as Sales and Revenue Lead for Books, later managing category marketing for books, general merchandise, and home.

She also led Flipkart’s loyalty and travel division before moving to Myntra.

The leadership reshuffle comes amid wider internal realignments at both Flipkart and Myntra, as Flipkart continues preparations for a potential initial public offering (IPO).

Nagpur-based modular furniture company Spacewood Furnishers has raised ₹300 crore in a fresh funding round from A91 Partners, valuing the company at ₹1,200 crore. The investment gives A91 Partners a minority stake and supports Spacewood’s plans to expand its retail footprint and strengthen operations.

The company will use the new capital to enhance brand visibility, modernize manufacturing, and scale its omnichannel presence across offline stores and online platforms such as Amazon and Pepperfry. Spacewood aims to reach 100 stores nationwide in the coming years while focusing on technology upgrades, automation, and sustainable production practices.

Founded in 1996 by Kirit Joshi and Vivek Deshpande, Spacewood started as a modular furniture manufacturer in Nagpur and gradually expanded into kitchens, wardrobes, home furniture, and office solutions. In 2011, Nitin Sudame joined as a key founder of Spacewood Office Solutions, marking the company’s entry into the corporate furniture segment.

Today, Spacewood operates 35 exclusive stores across 20 cities and has a dealer network of over 500 partners in 150 towns. Its B2B division, Spacewood Office Solutions, has completed over 1,000 workspace projects for major corporations including Accenture, Capgemini, HDFC, and Adani Group. Additionally, its Sumai Doors division supplies to more than 200 developers, such as DLF, Lodha, M3M, and Godrej Properties.

Looking ahead, the company is targeting annual revenue growth of 25–30% over the next five years and aims to reach ₹700 crore in group revenue by FY26.

Beauty and wellness startup Krieya has raised around ₹7 crore ($788,000) in its first funding round led by Sauce, with Riverwalk Holdings as co-lead. The round also saw participation from Aneesh Sheth, founder of Dr. Sheth’s.

The funds will be used to prepare for the launch of Krieya’s first brand in Q3 FY26, scale its research operations, and strengthen product development.

Founded by Siddharth Sharma, Krieya is building science-led beauty and personal care brands designed for Indian consumers. The company is focusing on premium haircare, skincare, and wellness products created through proprietary formulations based on Indian biology and usage patterns.

For its upcoming haircare launch, Krieya has conducted research with over 500 consumers and completed six months of product trials. The company is also developing a BioPrint of Indian consumers — a research model aimed at improving formulation accuracy and performance across its product range.

Before starting Krieya, Siddharth Sharma worked with Honasa Consumer and was part of the team that scaled Dr. Sheth’s following its acquisition. With its data-driven and research-first approach, Krieya plans to build premium, science-backed brands that cater to evolving beauty and wellness needs in India.