fbpx
Friday, October 4, 2024

Karnataka CID takes over investigation of Swiggy’s INR 33 Cr embezzlement case

The Karnataka Crime Investigation Department (CID) has taken over the investigation of a complaint filed by IPO-bound Swiggy, involving a former junior employee who...

Latest News

Foodtech

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

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...

ClayCo Cosmetics raises $2 Million in Series A funding led by Unilever Ventures

Mumbai-based skincare brand ClayCo Cosmetics has secured $2 Mn (INR 16 Cr) in its Series A funding round led by Unilever Ventures. The͏͏ company͏͏ intends͏͏ to͏͏ utilise͏͏ the͏͏ new͏͏ capital͏͏ to͏͏ enhance͏͏ its͏͏ branding͏͏ and͏͏ broaden͏͏ its͏͏...

Retail & E-commerce

FMCG

Industry

The Karnataka Crime Investigation Department (CID) has taken over the investigation of a complaint filed by IPO-bound Swiggy, involving a former junior employee who allegedly defrauded the foodtech startup of nearly INR 33 Cr. The͏͏ case͏͏ has͏͏...

IPO-bound Swiggy receives shareholders’ approval to increase fresh issue size to INR 5,000 Cr

IPO-bound Swiggy has reportedly gained shareholder approval to increase the size of its fresh issue in its initial public offering to INR 5,000 Cr, up from the earlier INR 3,750 Cr. The͏͏ foodtech͏͏ giant͏͏ gained͏͏ approval͏͏ at͏͏...

Salman Khan-backed Being Human expands UAE footprint with new store

Salman Khan-backed apparel brand Being Human Clothing has expanded its retail footprint in the UAE by opening its second store at City Centre Sharjah. This͏͏ follows͏͏ the͏͏ successful͏͏ launch͏͏ of͏͏ its͏͏ flagship͏͏ outlet͏͏ at͏͏ City͏͏ Centre͏͏...

Luxury

Indian luxury beauty market to reach $1.6 bn by 2028: Report

The Indian luxury beauty market is expected to grow to USD 1.6 billion by 2028 and reach USD 4.0 billion by 2035, as highlighted in a report by Kearney and LUXASIA. Rapid͏͏ Expansion͏͏ Drivers: India͏͏ is͏͏ poised͏͏ to͏͏...
Luxury brand Jaipur Watch Company has entered the women's watch market with the launch of its new collection,͏͏ 'Brides͏͏ of͏͏ Jaipur'. "We͏͏ recognised͏͏ that͏͏ we͏͏ were͏͏ missing͏͏ out͏͏ on͏͏ 50%͏͏ of͏͏ the͏͏ market,͏͏ which͏͏ motivated͏͏ our͏͏ entry͏͏...

BlueStone’s FY24 revenue surpasses INR 1,000 Cr, loss narrows 15% to INR 142.2 Cr

Omnichannel jewellery brand Bluestone reduced͏͏ its͏͏ loss͏͏ by͏͏ nearly͏͏ 15%͏͏ year-on-year͏͏ (YoY)͏͏ to͏͏ INR͏͏ 142.2͏͏ Cr͏͏ in͏͏ the͏͏ financial͏͏ year͏͏ 2023-24͏͏ (FY24),͏͏ while͏͏ its͏͏ operating͏͏ revenue͏͏ crossed͏͏ the͏͏ INR͏͏ 1,000͏͏ Cr͏͏ milestone. The͏͏ startup͏͏ reported͏͏ a͏͏ net͏͏...
Subscribe to our Newsletter!

Stay updated on the latest news, trends, and top startups in India's food industry with Snackfax's daily newsletter!

Subscribe to our Newsletter!

Hospitality

Latest news

Karnataka CID takes over investigation of Swiggy’s INR 33 Cr embezzlement case

The Karnataka Crime Investigation Department (CID) has taken over the investigation of a complaint filed by IPO-bound Swiggy, involving a former junior employee who...

IPO-bound Swiggy receives shareholders’ approval to increase fresh issue size to INR 5,000 Cr

IPO-bound Swiggy has reportedly gained shareholder approval to increase the size of its fresh issue in its initial public offering to INR 5,000 Cr,...

Subway to add 10,000 restaurants globally through new franchise deals

Restaurant brand Subway has signed master franchise agreements to expand its global presence, planning to establish over 10,000 new restaurants. Master͏͏ Franchise Agreements͏͏ Fueling͏͏ Growth: This͏͏...

Salman Khan-backed Being Human expands UAE footprint with new store

Salman Khan-backed apparel brand Being Human Clothing has expanded its retail footprint in the UAE by opening its second store at City Centre Sharjah....

Ferrero India brings iconic treat Raffaello to the Indian market

Ferrero India, a subsidiary of the Ferrero Group, is set to launch its highly anticipated Classic edition of Confetteria Raffaello, a delightful crunchy almond...

India’s palm oil imports drop to six-month low, falling 34% in September

India's palm oil imports in September saw a sharp decline of nearly one-third compared to the previous month, marking a six-month low. The͏͏ increase͏͏...

Senco Gold expects 12% revenue growth this festive season

Jewellery retailer Senco Gold Ltd expects a 12% increase in revenue this festive season compared to the previous year, according to Suvankar Sen, MD...

Zydus Wellness expands into adult nutrition with launch of VieMax

FMCG giant Zydus Wellness has expanded its Complan brand portfolio with the launch of VieMax, targeting the adult nutrition segment. New͏͏ Launch͏͏ Addresses͏͏ Rising͏͏ Nutrient͏͏...

Ospree Duty Free Mumbai sees surge in electronics sales with launch of TechnOspree store

Ospree Duty Free Mumbai has seen substantial growth in its electronics category following the launch of TechnOspree, a dedicated 200 sqm tech store-in-store, at...

New Balance expands retail footprint with first store opening in Chennai

New Balance, known for its running footwear and comfort fashion, has opened its first store at Phoenix Palladium in Chennai. This launch is an...

Zomato expands ESOP pool, allocates 1.2 Cr stock options to employees

Foodtech giant Zomato has increased the size of its employee stock option plan (ESOP) by allocating nearly 1.2 crore stock options to eligible employees. In͏͏...

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

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...
× Drop a, Hi?