Darshan Mehta, Managing Director of Reliance Brands, is stepping down from his position after nearly 20 years at the helm. Mehta will transition into a mentorship role within the Reliance Group.Darshan Mehta continues to serve as...
Subway, the global Quick Service Restaurant (QSR) chain, plans to double its store count in India from 850 to 1,700 over the next 5-6 years, targeting both metro and non-metro cities.India is an important market for...
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Dabur, Jubilant Group in talks for major stake in Coca-Cola’s Indian bottler HCCB
The Burman family of Dabur and promoters of Jubilant Group, the Bhartias, are close to finalising separate deals to acquire a 40% stake in...
Zomato issues 38.72 lakh equity shares under ESOP plans
Zomato, the foodtech giant, has allocated 38.72 lakh equity shares under its employee stock option plans (ESOPs).In an exchange filing on Thursday (August 29),...
Bollywood icon Amitabh Bachchan’s family office acquires minor stake in Swiggy
High-net-worth individuals are increasingly turning to public markets-bound new-age firms, particularly quick-commerce companies, as their top investment picks.The family office of Bollywood superstar Amitabh...
BigBasket shifts focus to quick commerce with BB Now, aims for rapid 10-30-minute deliveries
Tata-owned BigBasket, the largest e-grocer known for its slotted deliveries, is transitioning into a full-scale quick commerce platform as the sector's rapid growth fuels...
Temasek in advanced talks for $100-150 Mn investment in Rebel Foods
Temasek, the Singaporean sovereign fund, is in advanced talks to lead a $100-150 million investment in Rebel Foods, the parent company of Faasos, Behrouz...
Swiggy targets $15 Bn valuation for its $1.2 Bn IPO
Foodtech giant Swiggy, last valued at $10.7 billion, is reportedly eyeing a $15 billion valuation for its $1 billion to $1.2 billion initial public...
Zomato shuts down intercity service ‘Legends’ just a month after relaunch
Just a month after reviving its intercity food delivery service, ‘Zomato Legends,’ Zomato founder and CEO Deepinder Goyal announced its discontinuation.͏In a post on...
Water purifier brand Livpure secures INR 233 Cr in funding for expansion and R&D
Livpure, the Delhi NCR-based water purifier brand, has raised INR 233 crore (around $27.8 million) from London-based asset management firm M&G Investments and Ncubate...
Antfin Singapore Holding divests 2.1% stake in Zomato for INR 4,771 Cr
Antfin Singapore Holding divested over 2% of its stake in Zomato on Tuesday, raising INR 4,771 crore through open market transactions.Antfin Singapore Holding Pte...
Zomato to remove AI-generated food images following customer complaints
After numerous complaints from customers about AI-generated food and dish images on Zomato, CEO Deepinder Goyal a͏nnou͏nced ͏o͏n Sund͏ay t͏hat the ͏plat͏form will͏ r͏e͏m͏o͏ve...
Former ITC executive Sanjay Singhal appointed CEO of Wagh Bakri Tea Group
Sanjay Singhal, the former COO of ITC, has been appointed CEO of Wagh Bakri Tea Group. Si͏nghal͏, who was pivotal in ͏IT͏C’s dairy a͏n͏d...
Blinkit launches international services for Raksha Bandhan, accepts orders from 6 countries
With Raksha Bandhan approaching, Zomato-owned quick commerce platform Blinkit has launched services in select overseas markets. This expansion enab͏les users abroad to send ͏rakhis...