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Wednesday, October 16, 2024

Jewellery startup Bluestone targets INR 2100 cr through IPO by FY25

Fashion
With the ongoing Indian IPO boom, where tech startups like Swiggy, Ather Energy, and BlackBuck are aiming to go public, omnichannel jewellery startup Bluestone...

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

OYO targets to secure $200 million for US expansion

Hospitality
Oravel Stays Ltd, parent company of OYO, recently bought Motel 6 and Studio 6, and is now in discussion to secure more investments to fuel its growth through acquisitions. This comes after its $525 million purchase...

Farmery introduces Organic Honey and Wild Forest Honey with eco-friendly glass bottles

D2C
Farmery, a D2C brand focused on fresh, sustainable food, has launched two new honey variants: Organic Honey and Wild Forest Honey. They will be sold in eco-friendly glass bottles with 500g plus 100g free. The company’s...

Tata Soulfull targets double-digit growth in three-four years 

FMCG
India’s FMCG brand Tata Soulfull aims for high double-digit growth in the next 3-4 years. Prashant Parameswaran, president of Tata Soulfull, revealed that it has grown 60–100% each year since its acquisition in 2021. FMCG Brand focuses...

Luxury

D2C GIVA raises INR 255 cr to expand offline presence

Luxury
GIVA, a direct-to-consumer (D2C) jewellery brand, has raised INR 255 crore ($30.3 million) in its expanded Series B funding round. The investment came from Premji Invest, Epiq Capital, and Edelweiss Discover Fund. Investments allow exit for A91...

Kalyan Jewellers revenue soars 39% on strong same-store sales in Q2 of FY25

Luxury
Kalyan Jewellers reported healthy financial performance in the second quarter of 2024-25. Revenues from Indian operations rose by 39% compared with the same period last fiscal. Growth was strong, powered by a spurt in customer visits...

Radisson group opens newly Svelte Delhi, a 108-Room Hotel

Hospitality
On Tuesday, October 8, Radisson Hotel Group announced the opening of Svelte Delhi, a Radisson Individuals member, making it the first of this brand in the capital. Svelte Delhi: A must stay to historic Delhi sightseeing According to...
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Hospitality

Latest news

Jewellery startup Bluestone targets INR 2100 cr through IPO by FY25

Fashion
With the ongoing Indian IPO boom, where tech startups like Swiggy, Ather Energy, and BlackBuck are aiming to go public, omnichannel jewellery startup Bluestone...

Swiggy delivers 11,000 vada pavs in collaboration with Singham Again team, sets world record

E-Commerce
Food delivery platform, Swiggy and the team of Singham Again set a new Guinness World Record for the largest vada pav order in one...

India Sweet House raises investment from Viney Equity Market LLP in pre-IPO round

Food & Beverage
India Sweet House, a known confectionery brand, has secured a large investment in its pre-Initial Public Offering (IPO) funding round. Viney Equity Market LLP...

OYO targets to secure $200 million for US expansion

Hospitality
Oravel Stays Ltd, parent company of OYO, recently bought Motel 6 and Studio 6, and is now in discussion to secure more investments to...

Farmery introduces Organic Honey and Wild Forest Honey with eco-friendly glass bottles

D2C
Farmery, a D2C brand focused on fresh, sustainable food, has launched two new honey variants: Organic Honey and Wild Forest Honey. They will be...

Timberland returns to India via Reliance Retail, now available on AJIO

E-Commerce
American Outdoor apparel and footwear company Timberland has returned through Reliance Retail and is now available on AJIO's fashion platform. Previously, Timberland closed its...

Actor Paineeti Chopra becomes first Brand Ambassador of La Pink

Skincare
La Pink, India’s first beauty brand with 100% microplastic-free products, has named actress Parineeti Chopra as its first brand ambassador. Famous for its natural...

Millet-based snack brand Troo Good raises $9 Mn in funding led by Puro Wellness

Food & Beverage
Millet-based snack brand Troo Good has raised $9 million (INR 75 crore) in a new funding round led by Puro Wellness, with participation from...

Pluckk partners with Spencer’s Retail as Exclusive Fresh Produce Supplier

Food & Beverage
Pluckk, a unique digital fresh food brand for fruits and vegetables, has partnered with Spencer’s Retail. Spencer’s will now exclusively sell Pluckk's premium produce...

As competition heats up in quick commerce, Blinkit scraps ‘zero notice period’ policy

E-Commerce
As competition heats up in the quick commerce sector and the fight for talent becomes increasingly fierce, Zomato-owned Blinkit has reportedly updated its employment...

Zomato set to relaunch logistics service ‘Xtreme’ with revised strategy

Food & Beverage
Months after discontinuing its logistics service 'Xtreme' due to weak demand, foodtech giant Zomato is now reportedly set to overhaul the offering and launch...

Reliance Retail Q2 profit rises to INR 2,836 Cr, revenue falls 3.5% amid weak consumer demand

Business
Reliance Retail Ventures reported a net profit of INR 2,836 crore for Q2 of FY25, reflecting a 1.3 per cent year-on-year increase. However,͏͏ revenue͏͏...
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