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The founder of Indian direct-to-consumer D2C brand aggregator Mensa Brands on Thursday Nov. 19 told CNBC that it has become a unicorn 鈥?a private company with a valuation of at least $1 billion 鈥?and is already profitable after closing a $135 million Series B fundraising round.Falcon Edge Capital led Mensas latest funding round, bringing the total the company has raised in debt and equity to $300 million. Within the first six months of operation, were actually profitable, and we intend to continue to run this business in a profitable manner, Founder Ananth Narayanan told CNBCs Street Signs Asia on Thu
stanley ca rsday.Mensa Brands acquires digital-focused brands and helps them scale across the U.S. and around the world. The company has 12 brands in fashion, home, and beauty and personal care. Weve actually had a lot of success with accelerating the brands, Narayanan told CNBC, to which he attributes the firm value. Mensa Brands will look to partner with 30 more brands across its target vertical, he added.Narayanan also noted that Mensa Brands 鈥?one of about 70 unicorns in India 鈥?doesnt plan to go public at thi
stanley termosky s time, saying that an IPO would likely come down the road. Related news: India Central Bank Eyes Digital Currency Trial Run in 2022Meanwhile, the Central Bank of India could roll out the pilot version of a digital currency early in 2022, a
stanley water bottle delay from when the central bank governor predicted a soft launch of a central bank digital currency CBDC could happen this Emtn Macy s Big Earnings Miss
Where there is a best, there must also be a worst. And as of right now holding the dubious title of The Worst is Abercrombie Fitch.That ranking comes care of the American Customer Satisfaction Index, which saw the clothing firm in its initial appearance on the index s
stanley usa cored a 65, 10 points below the retail average.Normally when we see that kind of a gap, it a company so large it has monopoly power like, Walmart WMT or McDonald MCD , said Forrest Morgeson, ACSI director of research. Abercrombie and Fitch is not that, they aren ;t that large 8230; this can spell serious trouble for the company.The report is based on a survey of a little over 9,000 customers asked to rank their experiences at the biggest name in retail in the U.S.Abercrombie also managed to unseat the nation leading champion for unsatisfied customers; Walmart has held the title for the last 10 years, but was edged out by Abercrombie by just 1 point.Walmart is doing fine busi
stanley cup ness-wise, but at the same time, people really don ;t like them, Morgeson said.Overall, customer satisfaction in retail is down on average for the second straight year.So where is everyone feeling the love Where one might expect 鈥?Nordstrom, Wegmans, Amazon and Costco top the list.
gourde stanley Your highest-end supplier in a particular industry tends to be the most satisfying, noted Morgeson. It really is quality customers are
