Thursday, November 7, 2024

Raymond Lifestyle sees 69.72% drop in Q2 FY25 net profit due to inflation

Fashion
Raymond Lifestyle registered a 69.72% drop in consolidated net profit to INR 42.18 crore for the second quarter ending September 2024, due to weak...

Latest News

Foodtech

Startups

Furnishka raises INR 27 Cr in Pre-Series A funding led by IndiaQuotient

Startups
Furniture retailer Furnishka has raised INR 27 Cr ($3.25 Mn) in its Pre-Series A funding round, led by IndiaQuotient. Notable͏͏ Investors͏͏ Join͏͏ the͏͏ Funding͏͏ Round: The͏͏ round͏͏ saw͏͏ participation͏͏ from͏͏ Sparrow͏͏ Capital͏͏ and͏͏ angel͏͏ investors͏͏ such͏͏ as͏͏ Udaan͏͏...

Samantha Prabhu invests in D2C wellness brand Secret Alchemist, joins as co-founder

Startups
Actress Samantha Prabhu has made another investment in the Indian startup ecosystem by backing D2C wellness brand Secret Alchemist. Following͏͏ this͏͏ investment,͏͏ the͏͏ brand͏͏ has͏͏ also͏͏ appointed͏͏ her͏͏ as͏͏ its͏͏ cofounder. Funds͏͏ to͏͏ Boost͏͏ Marketing͏͏ and͏͏ Reach: The͏͏ startup͏͏...

Snack brand Troo Good raises INR 72 Crore in new funding round

Startups
Millet-based snack brand Troo Good has secured INR 72 crore (around $8.6 million) in funding from Oaks Asset Management, with additional participation from Puro Wellness and V Ocean Investments,͏͏ as͏͏ reported͏͏ by͏͏ Entrackr. The͏͏ board͏͏ at͏͏ Troo͏͏...

Retail & E-commerce

FMCG

Industry

Brigade Hotel ltd seeks to raise INR 900 Cr via IPO, files DRHP to SEBI

Hotels & Restaurants
Brigade Hotel Ventures Limited, a major private hotel asset owner in South India, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for its IPO. This IPO aims...

TreeHouse Hotels introduces hi-way MOTELS, eyes growth

Hotels & Restaurants
TreeHouse Hotels & Resorts, part of Karma Hospitality LLP, has introduced hi-way MOTELS. This new addition expands their brand portfolio, which already includes The Luxury Villa Collection, TreeHouse Exotic, TreeHouse, and Nest by TreeHouse. Hi-way MOTELS at...

D2C brand Bummer introduces vending machines for innerwear

D2C
In a move to make shopping easier for its customers, Indian D2C innerwear brand Bummer has launched India's first vending machines for innerwear. This initiative aims to make buying innerwear as easy as buying a bottle...

Luxury

Novel Jewels to invest INR 5000 Cr in opening 100 stores across India

Luxury
Aditya Birla Group’s Novel Jewels plans to open 100 stores across India in the next 18 months, investing INR 5,000 crore. This was stated by its chief executive, Sandeep Kohli. Novel Jewels to roll out franchise models...

Tanishq’s CaratLane goes global with new store in New Jersey, USA

Luxury
Jewellery brand, CaratLane, a Tanishq Partnership, has opened its first international store in the USA, located in New Jersey, the company announced on Tuesday, October 29. Omnichannel brand CaratLane opens 300th store in Mumbai According to Indian Retailing,...

Tata CLiQ teams up with Bvlgari to bring luxury products online in India

Luxury
Tata CLiQ Luxury, India's top luxury retail platform, has partnered with Bvlgari, introducing the iconic Roman jeweller to India's e-commerce market. This partnership will offer Bvlgari’s jewellery, handbags, and watches to online shoppers across India, meeting...
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Hospitality

Latest news

Raymond Lifestyle sees 69.72% drop in Q2 FY25 net profit due to inflation

Fashion
Raymond Lifestyle registered a 69.72% drop in consolidated net profit to INR 42.18 crore for the second quarter ending September 2024, due to weak...

Brigade Hotel ltd seeks to raise INR 900 Cr via IPO, files DRHP to SEBI

Hotels & Restaurants
Brigade Hotel Ventures Limited, a major private hotel asset owner in South India, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities...

TreeHouse Hotels introduces hi-way MOTELS, eyes growth

Hotels & Restaurants
TreeHouse Hotels & Resorts, part of Karma Hospitality LLP, has introduced hi-way MOTELS. This new addition expands their brand portfolio, which already includes The...

Godrej refuses to cut palm oil content despite Unilever’s move

FMCG
Godrej Consumer Products announced it will not lower soap quality by reducing palm oil, responding to Hindustan Unilever's (HUL) move to cut palm oil...

D2C brand Bummer introduces vending machines for innerwear

D2C
In a move to make shopping easier for its customers, Indian D2C innerwear brand Bummer has launched India's first vending machines for innerwear. This...

Reliance Retail partners with Californian brand YTTP to introduce vegan skincare items

Retail & Ecommerce
Reliance Retail’s Tira has announced the exclusive launch of California-based skincare brand Youth To The People (YTTP) in India. As the sole distributor, Reliance...

Swiggy Instamart’s Karthik Gurumurthy debuts cricket activewear brand Ten X You

Fashion
Karthik Gurumurthy, the former architect of Swiggy Instamart, has unveiled his new venture, Ten X You, an activewear brand he founded in July. He...

India’s Textile Industry to see 6-8% growth in FY25 driven by US demand

Growth
India's home textiles industry is likely to see revenue growth of 6-8% for the fiscal year, with significant expansion coming from the domestic market...

Everstone Capital pauses plan to divest 13.17% stake in Restaurant Brands Asia

Hotels & Restaurants
Everstone Capital has paused its plans to sell its 13.17% stake in Restaurant Brands Asia (formerly Burger King India). This decision came after talks...

Swiggy’s IPO receives 11% subscription on opening day, sluggish start

Growth
Swiggy's initial public offering (IPO) had a slow start on November 6, the first day of bidding, with only 11% of the shares...

FSSAI plans discussions with quick commerce firms on sale of near-expiry food items

E-Commerce
Due to the current controversy about food safety at a Zomato warehouse, the Food Safety and Standards Authority of India (FSSAI) plans to meet...

Swiggy secures INR 5,085 Cr before IPO, issues 13.03 Cr shares

Growth
Foodtech giant Swiggy raised INR 5,085 Cr on Tuesday, November 5, from anchor investors at INR 390 per share, ahead of its IPO. The...
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