Author: M Haziq Pandit
Unicommerce eSolutions Limited has finalized the acquisition of the remaining 57.24% stake in Shipway Technology Private Limited, taking full control of the courier aggregation platform.This move follows Unicommerce’s initial purchase of a 42.76% stake in Shipway...
Jimmy’s Cocktails, a D2C brand specializing in cocktail mixers, experienced a notable drop in its financial performance during the fiscal year ending March 2024 (FY24). The company’s operating revenue slipped by 30.9% to INR 23.7 Cr,...
Breaking News
As competition heats up in quick commerce, Blinkit scraps ‘zero notice period’ policy
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
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
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...
D2C footwear brand Yoho secures INR 27 Cr in Pre-Series B funding for expansion
Delhi-based D2C footwear brand Yoho has secured INR 27 crore ($3.21 million) in its Pre-Series B funding round, led by Gulf Islamic Investments (GII).Notable͏͏...
Rebel Foods plans INR 200 Cr investment to expand EatSure and cloud kitchen network
Rebel Foods, the operator of cloud kitchens for brands like Faasos, Behrouz Biryani, and Oven Story, plans to invest INR 200 crore to expand...
Nykaa issues 3.08 Lakh equity shares to employees under ESOP scheme
Ahead͏͏ of͏͏ its͏͏ quarterly͏͏ financial͏͏ disclosures,͏͏ beauty͏͏ and͏͏ fashion͏͏ ecommerce͏͏ major͏͏ Nykaa͏͏ has͏͏ allotted͏͏ 3.08͏͏ Lakh͏͏ equity͏͏ shares͏͏ to͏͏ its͏͏ employees͏͏ under͏͏ its͏͏ employee͏͏...
Beauty e-commerce unicorn Purplle completes Series F round, raising INR 1,500 Cr
Beauty e-commerce unicorn Purplle has successfully completed its Series F funding round, securing INR 1,500 crore (around $178.5 million). This funding was backed by...
The Good Bug secures $3.5 Mn in Series A extension round led by Sharrp Ventures
The Good Bug, a Mumbai-based D2C startup, has raised $3.5 Mn (around INR 30 Cr) in its Series A extension round, with funding from...
Jewellery brand Kirtilals expands South India footprint with new showroom in Andhra Pradesh
Fine diamond jewellery retailer Kirtilals has opened its 14th retail showroom in Rajahmundry, Andhra Pradesh."We͏͏ are͏͏ excited͏͏ to͏͏ unveil͏͏ our͏͏ 14th͏͏ showroom͏͏ in͏͏ Rajahmundry,"͏͏...
RentoMojo sees 3x increase in profit to INR 22 Cr, revenue close to INR 200 Cr for FY24
Online furniture rental startup RentoMojo has nearly reached the INR 200 crore mark in operating revenue for the financial year 2023-24 (FY24),͏͏ driven͏͏ by͏͏...
Key consumer trends shaping India’s market: Insights from Deloitte-FICCI Report on FMCG, retail, and e-commerce growth
Deloitte, in partnership with FICCI, has unveiled the report titled 'SPURring Growth in FMCG, Retail, and E-Commerce Sectors in India' at the FICCI Massmerize...
Licious eyes offline growth with acquisition of My Chicken and More for INR 200 Cr
Licious, the Temasek-backed meat and seafood startup, has finalised an agreement to acquire Bengaluru-based My Chicken and More, a company operating a chain of...