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Karthik Gurumurthy secures $3 Million funding led by Matrix Partners India for innovative fresh produce retail venture ‘Convenio’
Karthik Gurumurthy, the visionary behind the successful growth of Swiggy Instamart from its inception in 2020 to an impressive valuation of nearly $1 billion,...
Apparel retailers revamp inventory management strategies to counter unsold merchandise and minimize obsolescence impact
Apparel retailers are implementing a new approach to manage unsold inventory, primarily driven by product obsolescence. In an effort to mitigate risks and align...
Flipkart nears profitability amidst cost reduction measures and fintech expansion
Flipkart, the e-commerce giant led by Walmart, is approaching profitability, according to Kalyan Krishnamurthy, the group chief executive. Despite operating at a loss, Krishnamurthy...
India’s consumer market sees contrasting trends: Premium brands soar as mass-market products struggle to keep pace
Hindustan Unilever and United Spirits collectively showcase a juxtaposition that appears to underscore the prevailing purchasing patterns in India's consumer market. While premium brands...
Wingreens Farms reports 50% surge in FY23 revenue, but net loss doubles to INR 180 Crore
Wingreens Farms, a packaged foods brand, saw its net loss nearly double to INR 180 crore in the last financial year, up from INR...
Alcobrew Distilleries targets INR 850 Crore revenue in FY24 with expansion into single malt whisky, gin, and vodka
Gurugram-based Alcobrew Distilleries is set to enhance its premium product lineup, unveiling plans to introduce single malt whiskey, gin, and vodka in the near...
D2C nutrition brand Earthful secures INR 3.3 Crore in pre-seed funding led by Green Ivy Venture and angel investors
Earthful, a D2C company specializing in plant-based health and nutrition supplements, has secured INR 3.3 crore in funding led by Green Ivy Venture. This...
LT Foods Q3 profit soars by 52%, reaching INR 152.64 Crore
LT Foods Ltd on Thursday reported a 52.07% rise in consolidated net profit, amounting to INR 152.64 crore for the third quarter ending December...
Swiggy breaks new ground: Becomes the first food delivery platform to launch services in Lakshadweep
Swiggy, a leading on-demand convenience platform, is achieving a significant milestone in its nationwide expansion. Coinciding with India's 75th Republic Day celebrations, Swiggy is...
B2C ecommerce startup DealShare’s FY23 loss crosses INR 500 Cr mark, while sales see a 5% upturn
Alpha Wave-backed B2C ecommerce startup DealShare's net loss crossed the INR 500 Crore mark in the financial year ending March 31, 2023. Experiencing a...
IPO-bound Swiggy initiates workforce reduction, plans to cut 6% of jobs to enhance profitability
IPO-bound food and grocery delivery major Swiggy has initiated another round of layoffs to streamline costs and pursue profitability, according to sources in the...
Zomato’s ZPPL gets green light from RBI to operate as online payment aggregator
Zomato, a major player in the foodtech sector, has received approval from the Reserve Bank of India (RBI) to operate as an online payment...