Wendor Secures ₹21 Crore Funding from Elanpro to Scale AI-Powered Vending—Plans 10 Experience Centers Across India

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April 2, 2025

Image of wendor — Wendor Secures ₹21 Crore Funding from Elanpro to Scale AI-Powered Vending—Plans 10 Experience Centers Across India

Wendor, an AI-driven smart vending startup, has secured $2.5 million (₹21 crore) in seed funding, with Elanpro leading the round. The investment includes ₹5 crore in equity and ₹16 crore in debt, giving Wendor not just capital but also access to Elanpro’s extensive logistics and service network across India.

What’s Next for Wendor?

With this fresh infusion of funds, Wendor is doubling down on AI-powered vending, advanced computer vision, and global expansion. The company is looking to refine its real-time inventory tracking and develop camera-based product and quantity detection systems—critical for boosting operational efficiency and reducing losses.

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Another big move in the pipeline is the launch of ten experience centers in metro and Tier-1 cities. These hubs will allow consumers and businesses to explore Wendor’s cutting-edge vending technology firsthand, including AI-driven product recognition, automated inventory tracking, and smart refrigeration systems.

Wendor’s Rise in Retail Automation

Founded in 2021 by Lakshit Anand, Wendor has quickly become a major player in India’s automated retail space. Its compact, cashless vending machines operate on a cloud-based management system, allowing seamless transactions through digital payments and mobile integrations.

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The startup’s AI-powered demand forecasting helps businesses analyze consumer behavior and optimize their product offerings, creating a data-driven retail experience.

A Growing Footprint: From Government Offices to Historic Landmarks

Wendor has already made a mark in high-profile locations. Its vending machines can be found at:

• Rashtrapati Bhawan and other government offices

• The Taj Mahal and Fatehpur Sikri, in partnership with Uttar Pradesh State Tourism and Agra Development Authority

• Hospitals like Apollo and Fortis

• Major brands including Coca-Cola, Amul, Nivea, and Unilever

Why This Matters

Vending technology is evolving rapidly in India, and Wendor is at the forefront of this shift. By combining AI, automation, and seamless digital transactions, the company is reshaping how people shop for everyday essentials—whether at tourist destinations, corporate offices, or healthcare facilities.

With Elanpro’s backing and a strong lineup of industry collaborations, Wendor is well-positioned to scale its footprint and take smart vending mainstream.

Kusha Kapila’s UnderNeat Raises ₹8-10 Crore from Fireside Ventures and Ghazal Alagh—Can It Disrupt India’s Shapewear Market?

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April 2, 2025

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Image of Kusha kapila — Kusha Kapila’s UnderNeat Raises ₹8-10 Crore from Fireside Ventures and Ghazal Alagh—Can It Disrupt India’s Shapewear Market?

Kusha Kapila’s newly launched shapewear brand, UnderNeat, has secured early-stage funding from Fireside Ventures, with Mamaearth co-founder Ghazal Alagh also coming on board as an investor, sources told Moneycontrol.

While the exact amount remains undisclosed, the seed funding round is estimated to be between ₹8-10 crore, giving UnderNeat a solid financial boost as it enters the Indian shapewear market—an industry that has remained relatively untapped.

UnderNeat’s Rapid Rise

The brand, which officially launched on March 30, has already gained serious traction. Within just 48 hours, it amassed 1.76 lakh Instagram followers, leveraging Kapila’s 4.1 million-strong digital presence to generate buzz.

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Co-founder Vimarsh Razan confirmed that the funding round had been completed but declined to reveal the final investment figure or details of the participating investors.

Why Investors Are Betting on UnderNeat

UnderNeat is entering a market with huge potential but little competition. While shapewear is a booming industry globally, Indian brands have largely overlooked it. With Kapila’s strong influence and a growing consumer base eager for inclusive and functional fashion, the brand is well-positioned to make a mark.

Backed by Fireside Ventures—known for funding consumer-centric brands like Mamaearth, Boat, and Vahdam—UnderNeat is poised for aggressive growth. Ghazal Alagh’s involvement further strengthens its credibility, especially given her experience in scaling direct-to-consumer (D2C) brands.

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What’s Next?

With fresh capital in hand and an already engaged audience, UnderNeat’s next steps will likely involve expanding its product line, strengthening its supply chain, and solidifying its position as India’s go-to shapewear brand. The buzz is real—now, all eyes are on how UnderNeat delivers.

Zomato Fires 600 Employees Without Warning—Deepinder Goyal’s Company Bets on AI as Blinkit’s Losses Mount

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April 2, 2025

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Image of Zomato — Zomato Fires 600 Employees Without Warning—Deepinder Goyal’s Company Bets on AI as Blinkit’s Losses Mount

Zomato, led by Deepinder Goyal, has reportedly laid off 600 customer support associates, just a year after hiring them, according to a report by Moneycontrol.

The move comes as the company struggles with slower growth in food delivery and mounting losses at its quick-commerce arm, Blinkit. To streamline operations and reduce costs, Zomato is ramping up its reliance on AI-driven automation, replacing human agents with chatbots and automated responses for customer support.

What Happened to the Zomato Associate Accelerator Program?

In 2023, Zomato launched the Zomato Associate Accelerator Program (ZAAP), which brought in around 1,500 entry-level employees to handle customer service. The program promised opportunities for career progression into roles across sales, operations, supply chain, and category management.

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However, a majority of these associates were on fixed-term contracts, and instead of being absorbed into the company, their contracts were simply not renewed at the end of their tenure.

According to the report, affected employees were given just one month’s salary as severance and were allegedly let go without prior warning. Zomato cited performance-related issues, including low punctuality, as the reason for the dismissals.

Employees Speak Out: ‘We Were Blindsided’

Several former employees took to Reddit to share their frustration, describing the layoffs as abrupt and unfair.

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One ex-employee claimed he was fired despite meeting all performance targets. He said his only fault was an average tardiness of 28 minutes over three months, which he insists was never flagged as an issue before termination.

“There was no feedback, no warning—just an email saying I was out. Zomato didn’t care about our hard work, the results we delivered, or the effort we put in.”

Another dismissed worker alleged that over 500 employees were let go in a similar fashion, calling the experience “dehumanizing.”

“We were promised promotions, better salaries, and job security. We worked harder, put in extra hours, and believed in the company. And then, just like that, they fired us—no explanation, no accountability.”

Zomato’s Growing Dependence on AI

The layoffs align with Zomato’s broader shift toward automation. The company is increasingly relying on AI-powered systems to handle customer complaints, order tracking, and dispute resolutions, reducing the need for human intervention.

While automation may improve efficiency, critics argue that it comes at the cost of job security and fair employment practices.

What’s Next?

With Blinkit bleeding cash and food delivery demand stagnating, Zomato appears to be in cost-cutting mode. The question now is—who’s next?

Gaurav Taneja’s BeastLife Hits ₹50 Crore GMV in Just 11 Months—Shutting Down Doubters with Hard Numbers

Growth

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April 2, 2025

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Image of beastlife — Gaurav Taneja’s BeastLife Hits ₹50 Crore GMV in Just 11 Months—Shutting Down Doubters with Hard Numbers

As the financial year draws to a close, BeastLife, founded by Gaurav Taneja, has shared some impressive growth figures. In just 11 months, the brand has achieved:

• ₹30 crore in Net Sales Value (NSV)

• ₹35 crore in Gross Sales

• ₹50 crore in Gross Merchandise Value (GMV)

These numbers are more than just milestones; they are a testament to the brand’s relentless drive, strategic execution, and unwavering focus on delivering value.

Success That Speaks for Itself

For any business, especially one in the competitive fitness and lifestyle space, growth is never linear. There are hurdles, doubters, and constant market fluctuations. But as Gaurav Taneja rightly puts it, “Let the results speak louder than the doubts.”

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BeastLife’s numbers highlight a brand that not only understands its audience but also delivers what they need. Whether it’s through premium-quality products, strong community engagement, or a deep-rooted connection with fitness enthusiasts, the company has built a solid foundation.

The Power of Focus

One of the biggest takeaways from this achievement is the importance of focus. In an age where distractions are endless and skepticism is high, staying committed to the vision is what truly drives success. The journey of BeastLife is proof that when you put in the work, the results follow.

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What’s Next for BeastLife?

With such an impressive trajectory, the big question is: What’s next? Given the pace at which BeastLife is growing, the brand is likely gearing up for bigger expansions, product innovations, and an even stronger market presence.

For now, as the numbers roll in, one thing is clear—BeastLife isn’t just another brand. It’s a movement.

Goldman Sachs Makes Bold Bet on HAL & Zomato, Snaps Up 6 Million Shares Amid Market Shake-Up

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April 1, 2025

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Image of goldman sachs — Goldman Sachs Makes Bold Bet on HAL & Zomato, Snaps Up 6 Million Shares Amid Market Shake-Up

In a significant market move, Goldman Sachs (Singapore) Pte snapped up shares of Hindustan Aeronautics Ltd (HAL) and Zomato in block deals on March 28, as per stock exchange filings. The seller in both transactions was Kadensa Master Fund, signaling a strategic realignment in these stocks.

Goldman Sachs Increases Stake in HAL

The global investment firm purchased 385,774 shares of Hindustan Aeronautics Ltd at an average price of ₹4,176.25 per share, mirroring the exact quantity offloaded by Kadensa Master Fund. On the same day, HAL’s stock closed at ₹4,176 on the BSE, up 0.35% from the previous session.

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HAL has been on a strong upward trajectory, surging over 35% in the last month, fueled by key developments such as the launch of GE’s light aircraft engine supplies and the signing of two new defense contracts with the Ministry of Defence on March 28.

Goldman Sachs Bets on Zomato Despite Profit Drop

Alongside its HAL investment, Goldman Sachs also picked up 6,007,412 shares of Zomato at an average price of ₹199.50, with Kadensa Master Fund again being the seller. Zomato’s stock closed slightly higher at ₹201.50 on the BSE after the deal.

This investment comes despite Zomato’s Q3 FY25 net profit plunging 57.24% to ₹59 crore, a steep decline from ₹138 crore in the same quarter last year. However, the company’s revenue skyrocketed 64% to ₹5,405 crore, up from ₹3,288 crore in the previous year, showcasing strong topline growth even as profitability faces headwinds.

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With these purchases, Goldman Sachs appears to be doubling down on India’s aerospace and digital commerce sectors, reinforcing confidence in HAL’s defense contracts and Zomato’s long-term market expansion.

Hooters Files for Bankruptcy: Sells 100 Locations, Original Founders Take Back Control

Business

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April 1, 2025

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Image of hooters — Hooters Files for Bankruptcy: Sells 100 Locations, Original Founders Take Back Control

Hooters, the restaurant chain famous for its wings and waitresses in bright orange shorts, has filed for bankruptcy—but it’s not disappearing anytime soon.

The company announced Monday that it’s restructuring and plans to sell all 100 of its company-owned restaurants to two franchisee groups that already run locations in Tampa and Chicago. Together, these groups operate about a third of Hooters’ franchised locations in the U.S., according to the announcement.

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Like many other casual dining chains—including BurgerFi and Red Lobster—Hooters has struggled with rising costs and shifting consumer habits. The company has also faced legal challenges over workplace discrimination claims. Last year, it shut down several locations, citing higher expenses for food and labor.

Hooters expects to emerge from Chapter 11 bankruptcy in three to four months. CEO Sal Melilli framed the move as a necessary step to stabilize the company’s finances while continuing to provide the food and experience fans expect.

The bankruptcy filing, made in a Texas court, is a common strategy for businesses looking to reorganize their debts rather than shut down completely. Hooters says it will continue operating during the process but is reviewing its locations, meaning some may still close.

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Private equity firms Nord Bay Capital and TriArtisan Capital Advisors bought Hooters in 2019, but now the original founders are stepping back in as part of the buyer group. Neil Kiefer, CEO of franchisee group Hooters Inc., criticized past ownership, saying they lacked real ties to the brand. In an interview with Bloomberg, Kiefer also hinted at plans to make Hooters more family-friendly as part of its comeback strategy.

India’s Fruit Exports Surge 47.5% in Five Years, Driven by Trade Agreements and Quality Measures

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March 31, 2025

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Image of fruit-vegetable — India’s Fruit Exports Surge 47.5% in Five Years, Driven by Trade Agreements and Quality Measures

India’s fruit exports have jumped 47.5% in the past five years, marking a significant milestone in the country’s agricultural trade, Minister of State for Commerce and Industry Jitin Prasada informed the Rajya Sabha on Friday. The surge has been fueled by expanding trade partnerships, particularly Free Trade Agreements (FTAs) with the UAE and Australia, which have led to a 27% increase in exports to the UAE and a 6% rise in shipments to Australia.

India’s Growing Global Footprint in Fruit Exports

India is currently exporting fresh fruits to over 85 countries, with mangoes, grapes, bananas, apples, pineapples, pomegranates, and watermelons among the top varieties. The government is aggressively exploring new markets while maintaining stringent quality control.

“Every fruit that leaves India carries the reputation of Brand India,” Prasada emphasized, assuring that strict pesticide residue limits and international quality standards are being adhered to.

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Strengthening Infrastructure to Boost Exports

To further enhance exports, the Agricultural and Processed Food Products Export Development Authority (APEDA), in collaboration with state governments, has been focusing on:

• Post-harvest handling improvements

• Cold chain networks, including integrated pack houses, reefer vehicles, and in-house testing facilities

• Advanced treatment processes like Vapour Heat Treatment (VHT) and Hot Water Treatment (HWT) to prevent pest infestations

Additionally, Indian fruit exporters are actively participating in international trade fairs such as Asia Fruit Logistica (Hong Kong) and MACFRUIT (Italy), along with buyer-seller meets and global branding campaigns.

Breaking into New Markets

India has been making steady progress in gaining access to new international markets. In the past three years, market access has been secured for:

• Fresh bananas in Canada

• Pomegranate arils in Australia, USA, Serbia, and New Zealand

• Whole pomegranates in Australia (via irradiation treatment)

Minister of Commerce & Industry Piyush Goyal highlighted that negotiations are ongoing with agencies in Europe, the USA, and other emerging markets to further expand India’s footprint in the global fruit trade.

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Impressive Growth in Value and Volume

India’s fruit exports have seen a 69% rise in quantity, from 7.55 lakh MT in 2019-20 to 12.76 lakh MT in 2023-24. In terms of revenue, exports have increased from $668.7 million to $986.3 million in the same period.

With strong government support, expanding trade agreements, and a focus on quality, India’s fruit export industry is on an upward trajectory, positioning itself as a key player in global markets.

India’s Ice Cream Industry Booms, Set to Hit ₹45,000 Crore in 3 Years

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March 31, 2025

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Image of ice-cream — India’s Ice Cream Industry Booms, Set to Hit ₹45,000 Crore in 3 Years

India’s love for ice cream has skyrocketed over the past decade, with the market growing four times its size and showing no signs of slowing down. According to the Indian Ice Cream Manufacturing Association (IICMA), the industry is on track to reach ₹45,000 crore by 2027 and could cross ₹90,000 crore by 2032.

While ice cream sales have traditionally been seasonal, the industry has thrived due to rising disposable incomes, changing consumer tastes, and a wider distribution network. The IICMA noted that stable prices for key ingredients like milk solids and packaging materials have also played a crucial role in keeping prices competitive and improving profitability.

The Shift Towards Premium and Health-Focused Flavors

With consumers increasingly looking for healthier and more premium options, brands are experimenting with plant-based, low-sugar, and high-protein ice creams to meet demand. This shift has been particularly strong in tier-1 and tier-2 cities, where urbanization and evolving consumer habits are driving sales.

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Government Incentives Fuel Growth

The Indian government has been actively supporting the food processing industry, offering incentives that make the ice cream sector attractive for both domestic and international investors. These policies, combined with a surge in urban consumption, are expected to keep the momentum going.

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India Declares Its Own ‘Ice Cream Day’

To celebrate the booming industry, March 27 has officially been declared “Ice Cream Day” by the IICMA. The inaugural event was launched by S.P. Singh Baghel, Minister of State for Animal Husbandry and Dairying, marking a new milestone for India’s ever-expanding ice cream market.

Snitch Opens 50th Store in Bengaluru’s HRBR Layout, Eyes 100 Stores by FY 2026 Amidst 60% Revenue Surge

Retail & Ecommerce

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March 31, 2025

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Men’s fast-fashion brand Snitch has hit a major milestone, opening its 50th store in Bengaluru’s HRBR Layout, Kalyan Nagar. The brand, known for its bold designs and trend-driven collections, continues to grow at a rapid pace.

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“This is a proud moment for all of us at Snitch,” said Siddharth Dungarwal, Founder & CEO. “Reaching 50 stores in such a short time is a testament to the love and loyalty of our customers. Bengaluru, with its vibrant fashion culture, is the perfect place to mark this achievement.”

A Special Offer to Mark the Occasion

To celebrate the launch, Snitch is offering an exclusive flat 50% off for the first 50 minutes on March 28, 2025—a move that’s sure to draw in fashion-forward shoppers.

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The Rise of Snitch

Launched in 2020, Snitch has quickly carved a niche in men’s fashion, offering a diverse range of clothing, shoes, bags, perfumes, and sunglasses. The brand has seen impressive growth, with revenue surging 60% between September and October 2024, fueled by its expanding retail presence.

With 100 stores in its sights by FY 2026, Snitch is showing no signs of slowing down. Its strategy? Relentless expansion and a pulse on what young, style-conscious men want.

Koparo Secures ₹14.5 Crore in Extended Pre-Series A Round, Nearly Doubles Valuation

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March 31, 2025

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Image of koparo — Koparo Secures ₹14.5 Crore in Extended Pre-Series A Round, Nearly Doubles Valuation

D2C home cleaning brand Koparo has raised ₹14.5 crore in an extended pre-Series A round, with Saama Capital leading the investment once again. The round also saw participation from the Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, and M Venture Partners.

As per regulatory filings accessed by Entrackr, Koparo’s board approved a resolution to issue 2,314 pre-Series A2 compulsory convertible preference shares at a price of ₹62,666 per share. This funding surge has reportedly pushed the company’s valuation to around ₹124 crore—a 90% jump from its last round. Before this, Koparo had raised ₹6 crore from 4P Capital Partners and investors from Shark Tank India.

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Where Will the New Funds Go?

The Delhi-based startup plans to allocate the fresh capital towards working capital needs, corporate expansion, and future growth strategies.

What is Koparo All About?

Founded by Simran Khara, Koparo specializes in natural, non-toxic home cleaning products as an alternative to conventional chemical-laden cleaners. The brand has built an extensive portfolio with 15+ products and over 30 SKUs, covering everything from floor cleaners, dishwashing liquid, and fabric conditioners to handwash, laundry detergent, and fresheners.

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Koparo’s Rapid Growth

The company has been on a steep growth trajectory, with its operating revenue soaring 2.3x—from ₹4.37 crore in FY23 to ₹10.22 crore in FY24. However, as the startup focuses on scaling, it reported ₹5.86 crore in losses for FY24.

With this fresh infusion of capital and a sharp rise in valuation, Koparo is doubling down on its expansion plans, betting on the rising demand for eco-friendly home cleaning solutions.

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