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Tuesday, October 22, 2024

OYO targets corporate travel market with new B2B offering

Hospitality
OYO has launched a new B2B product to cater to corporate travel and event planning needs across India. Founder and CEO Ritesh Agarwal announced...

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

Saj Hotels launches ‘Daily Dosa,’ debuts in India’s retail and QSR market

Hotels & Restaurants
Saj Hotels Ltd has launched its first 'Daily Dosa' outlet in Andheri West, Mumbai, marking its entry into India's retail and quick-service restaurant (QSR) segment. Led by Chef Arjun Madhavji, the restaurant offers new and unique...

Govt to sell Bharat Brand foods in Reliance Retail chain

Retail & Ecommerce
The government is in prior discussion with Reliance Retail to sell Bharat brand food items like atta, rice, and pulses at subsidised prices through Mukesh Ambani's retail chain to control inflation, said a source. Govt to discuss...

Reliance Retail’s AZORTE opens 12 new stores across India

Retail & Ecommerce
Reliance Retail's fashion brand AZORTE has expanded by opening 12 new stores in major Indian cities. The brand now has stores in Jaipur, Udaipur, Raipur, Dehradun, Gorakhpur, Ranchi, and two more in Bangalore, targeting fashion-forward consumers. Bangalore...

Luxury

UK Luxury Brand Christy to Launch in India by 2025, Says CEO

Luxury
Christy, a 174-year-old British brand known for supplying face and bath towels to Wimbledon for nearly 40 years, is set to launch luxury products in India in early 2025. According to Business Line, Vanshika Goenka Misra, CEO...

Malabar Gold & Diamonds opens new flagship showroom in US, plans 20 global openings

Luxury
Malabar Gold & Diamonds announced the opening of its flagship showroom in Los Angeles, the largest and fifth location in the US on Wednesday, October 16. California Congresswoman Michelle Steele, along with MP Ahammed (Chairman), KP Abdul...

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...
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Hospitality

Latest news

OYO targets corporate travel market with new B2B offering

Hospitality
OYO has launched a new B2B product to cater to corporate travel and event planning needs across India. Founder and CEO Ritesh Agarwal announced...

Blinkit revenue soars 2x to INR 1,156 Cr in Q2 FY25

E-Commerce
Blinkit, Zomato's quick commerce segment, reported a revenue of INR 1,156 Cr for Q2 FY25. This is more than double the INR 505 Cr...

Zomato ventures into kitchen appliances, secures 8% stake in Byondnxt

E-Commerce
Online food ordering company Zomato has decided to buy 8% share(s) in kitchen appliance manufacturer Byondnxt. As per an exchange filing, Zomato informed that...

Zomato receives board approval to secure INR 8,500 cr via QIP

Growth
Foodtech giant Zomato has secured board approval to raise up to INR 8,500 Cr (approximately $1 billion) through a qualified institutional placement (QIP). According to...

Zomato’s net profit drops 30% to INR 176 Cr in Q2 FY25

Growth
Zomato’s consolidated net profit dropped by 30% to INR 176 Cr in the September quarter of FY25, down from INR 253 Cr in the...

Zomato allots shares worth INR 53 Cr under ESOPs ahead of Q2 earnings

E-Commerce
Zomato granted nearly 20 lakh equity shares to eligible employees under various employee stock option plans (ESOPs), ahead of its Q2 FY25 earnings announcement...

Varun Beverages achieves 24% revenue growth, 22% PAT surge in Q3CY24

Growth
Varun Beverages, PepsiCo’s bottling partner, reported a 22.3% year-on-year (YoY) increase in net profit, reaching INR 628.83 crore for Q2 ending September 2024 on...

Saj Hotels launches ‘Daily Dosa,’ debuts in India’s retail and QSR market

Hotels & Restaurants
Saj Hotels Ltd has launched its first 'Daily Dosa' outlet in Andheri West, Mumbai, marking its entry into India's retail and quick-service restaurant (QSR)...

Govt to sell Bharat Brand foods in Reliance Retail chain

Retail & Ecommerce
The government is in prior discussion with Reliance Retail to sell Bharat brand food items like atta, rice, and pulses at subsidised prices through...

Dairy tech brand Stellapps secures $26 Mn to extend mooMark business

FMCG
Dairy tech company Stellapps Technologies has successfully completed its Series C round of funding, raising a total of $26 million, comprising both equity and...

Manipal Group, Mankind Pharma, and Cipla to invest in quick commerce giant Zepto – Report

E-Commerce
Family offices of Manipal Group’s Ranjan Pai, Mankind Pharma’s Ramesh and Rajeev Juneja, and Cipla are reportedly interested in joining food tech giant Zepto's...

Softy ice cream mix to attract 18% GST, not classified as dairy – Rajasthan AAR

Food & Beverage
Softy ice cream mixed in vanilla flavour is not considered a dairy product and will be taxed at 18% GST, according to the Rajasthan...
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