Wednesday, November 20, 2024

Beyoung goes global, expands to Middle East through partnership with Noon.com

Udaipur-based fashion brand Beyoung has entered the Middle East market through a strategic partnership with e-commerce platform Noon.com.Beyoung to operate 300 outlets globallyThe direct-to-consumer...

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Foodtech

Startups

Coca-Cola's new Christmas commercial, generated by artificial intelligence, has sparked controversy on social media. The ad recreates the iconic "Holidays are Coming" theme, but many viewers are unhappy with the changes.Coca-Cola ad lacks Santa ClausThe advertisement...

Colgate faces temporary slowdown in urban growth; shifts focus to per capita consumption – Colgate MD

Colgate-Palmolive India's managing director, Prabha Narasimhan, attributes the slowdown in the FMCG sector to consumers delaying purchases or extending product usage."Consumers tend to titrate or delay their usage of things...when they feel the pressure," she said,...

Fragrance sales defy economic downturn; grow 12% in 2024, outpacing FMCG

Despite a sluggish economy, the fragrance market in India has shown remarkable resilience, with major players like Godrej Consumer Products, Emami, ITC, and Shoppers Stop reporting robust sales growth.Fragrance sales crosses personal care segment’s 6.2% growthAccording...

Retail & E-commerce

FMCG

Industry

Udaipur-based fashion brand Beyoung has entered the Middle East market through a strategic partnership with e-commerce platform Noon.com.Beyoung to operate 300 outlets globallyThe direct-to-consumer (D2C) brand also plans to open 300 offline stores globally within three...

Reliance Brands Managing Director Darshan Mehta to step down after nearly two decades

Darshan Mehta, Managing Director of Reliance Brands, is stepping down from his position after nearly 20 years at the helm. Mehta will transition into a mentorship role within the Reliance Group.Darshan Mehta continues to serve as...

Subway aims to double store count in India to 1,700 in six Years

Subway, the global Quick Service Restaurant (QSR) chain, plans to double its store count in India from 850 to 1,700 over the next 5-6 years, targeting both metro and non-metro cities.India is an important market for...

Luxury

Luxury jewellery brand Giva registers 66% revenue growth to INR 274 Cr

Giva, a jewellery startup, saw a 66% surge in operating revenue to INR 274 crore, despite a 30% year-over-year (YoY) increase in losses.Giva secures $30 mn in Series B roundThe company has secured $30 million in...
Kalyan Jewellers India has posted a 3.3% decline in consolidated net profit to INR 130.32 crore for the second quarter (Q2) ended September 2024. The decline is attributed to the reduction in customs duty in India...

Wrangler expands presence in India with six new stores, targets 60 in 2025

Global denim brand Wrangler has launched six new stores across India, strengthening its retail footprint in the country. The new stores, located in Ujjain, Goa, Indore, Bilaspur, Katihar, and Bareilly, bring Wrangler's total count of exclusive...
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Beyoung goes global, expands to Middle East through partnership with Noon.com

Udaipur-based fashion brand Beyoung has entered the Middle East market through a strategic partnership with e-commerce platform Noon.com.Beyoung to operate 300 outlets globallyThe direct-to-consumer...

Globus Spirits launches luxury whisky brand DŌAAB in India

Globus Spirits Limited has entered India's luxury whisky segment with its first single malt whisky under the DŌAAB India Craft Whisky brand. This move caters...

Blue Tokai aims for threefold revenue growth by 2027, eyes IPO

Indian coffee chain Blue Tokai is targeting a threefold increase in annual revenue by 2027, reaching INR 10 billion, according to CEO and co-founder...

Taqtics secures $1.2 Mn seed funding to transform retail and QSR operations

Taqtics, a SaaS platform revolutionising retail and Quick Service Restaurant (QSR) operations, has raised $1.2 million in seed funding. The funding round was led...

HealthKart secures $153 Mn in funding led by ChrysCapital and Motilal Oswal

HealthKart, India's largest omnichannel nutrition platform, has secured $153 million in funding from ChrysCapital and Motilal Oswal Alternates. Existing investors A91 Partners and Neo Group...

Doodhvale Farms net $3 Mn funding to expand dairy business

Doodhvale Farms, a dairy startup, has raised $3 million (approximately INR 25.33 crore) in an undisclosed funding round co-led by Atomic Capital and Singularity...

Commerce Minister Piyush Goyal reiterates stance on FDI rules for e-commerce platforms

Minister of Commerce, Government of India, Piyush Goyal has once again targeted online marketplaces, instructing e-commerce platforms to adhere to foreign direct investment (FDI)...
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