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Broadway Secures Strategic Investment from Nikhil Kamath’s Gruhas to Reinvent Omnichannel Retail for D2C Brands

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Broadway Secures Strategic Investment from Nikhil Kamath’s Gruhas to Reinvent Omnichannel Retail for D2C Brands

Broadway, a fast-growing social commerce startup focused on helping D2C brands bridge the gap between online and offline retail, has secured a strategic investment from Gruhas, the investment firm led by Nikhil Kamath and Abhijeet Pai. While the financial details remain undisclosed, the deal marks a significant step in Broadway’s mission to revolutionize omnichannel retail.

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Launched in March 2023 by Vivek Biyani, Rana Daggubati, Anuj Kejriwal, and Apurva Salarpuria, Broadway positions itself as a next-generation retail platform designed to make the transition from e-commerce to physical stores effortless for D2C brands. Its “super stores” serve as experiential spaces where customers can interact with brands beyond just browsing products online.

“This collaboration is a game-changer for emerging brands looking to scale. With Gruhas’ backing, we’re not just expanding our footprint but redefining how brands engage with customers in an omnichannel world,” said Vivek Biyani.

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Broadway calls itself “A Theatre for Brands,” offering consumers an immersive shopping experience that allows them to see, feel, and engage with products in a way that traditional e-commerce cannot replicate. The company launched its first store in Delhi inside a major mall last year, followed by a second location in Hyderabad, which currently showcases products from over 200 D2C startups. These include popular names like CosRX, Minimalist, The Good Bug, Cosmix, Rareism, and Mokobara.

What sets Broadway apart is its interactive approach to retail. The stores don’t just sell products—they create an experience. Customers can explore dedicated sections like a sneaker studio, a longevity clinic, a nail bar, a pet spa, event stages, and even food & beverage zones, turning shopping into an engaging and dynamic affair.

With plans to expand into Mumbai, Gurugram, and Pune, Broadway is betting big on the future of experiential retail, aiming to create a seamless connection between digital-first brands and the physical world.

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Chai Kings Raises ₹24 Crore from AVT, Plans 65 New Outlets & Eyes ₹48 Crore Revenue in FY25

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Chai Kings Raises ₹24 Crore from AVT, Plans 65 New Outlets & Eyes ₹48 Crore Revenue in FY25

Tamil Nadu-based tea chain Chai Kings has raised ₹24 crore ($3 million) in a Series A funding round led by A.V. Thomas and Co. (AVT), a major player in the tea industry. This marks a significant step forward for the fast-growing brand, which had previously raised ₹8 crore ($1 million) in seed funding from investors including The Chennai Angels, Hyderabad Angels, and TiE Angels.

Chai Kings: Brewing a Revolution Since 2016

Launched in 2016 by Jahabar Sadique and Balaji Sadagopan, Chai Kings has positioned itself as a go-to destination for premium yet affordable tea. The brand offers an extensive selection of chai, from classics like masala and ginger chai to specialty blends like saffron chai and Kashmiri Kahwa. Their menu also features black, herbal, green, and iced teas, bubble tea, hot and cold chocolates, and milkshakes—making it more than just a tea joint.

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According to Balaji Sadagopan, COO of Chai Kings, this latest funding round will allow them to scale operations rapidly.

“Our goal has always been to bring top-quality chai to every corner of the country. With AVT’s backing, we can accelerate expansion while ensuring the same exceptional quality and service that our customers love.”

Scaling Up: Expansion Plans and Market Strategy

Chai Kings is gearing up for a major expansion, with plans to open 65 new outlets across Chennai, Bengaluru, Hyderabad, and Coimbatore. The brand currently operates 57 stores across Chennai, Hyderabad, and Coimbatore and is aiming to double its revenue over the next two years.

The company is also focusing on strengthening its supply chain and enhancing digital engagement to better serve its growing customer base. Nearly 45% of its revenue comes from food delivery platforms, and it has partnered with Swiggy’s 10-minute delivery service, Bolt, for select menu items.

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“We are thrilled to welcome A.V. Thomas and Co. as our investor and strategic partner. Their deep-rooted experience in the tea business aligns perfectly with our vision of making premium chai accessible to every Indian,” said Jahabar Sadique, Co-Founder & CEO of Chai Kings.

“This funding will allow us to scale operations, open more stores, and introduce new innovations, further solidifying Chai Kings’ position as a leader in the tea café segment.”

Revenue Projections and Future Outlook

Chai Kings currently generates monthly revenues of ₹4-4.5 crore and is on track to achieve ₹48 crore in revenue for FY25, with a positive EBITDA.

Ajit Thomas, Executive Chairman of AVT, expressed confidence in the brand’s trajectory:

“Chai Kings has built a strong brand with a loyal customer base. We see immense potential in their expansion plans and are excited to support them in their journey.”

With fresh funding in hand, Chai Kings is set to shake up the tea café space, offering a blend of tradition and innovation that resonates with modern India’s tea-loving audience.

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SHOEGR Secures $100,000 Pre-Seed Funding from PedalStart, Aims for ₹1 Crore Monthly Sales

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SHOEGR Secures $100,000 Pre-Seed Funding from PedalStart, Aims for ₹1 Crore Monthly Sales

Mohali-based shoe care startup SHOEGR has raised $100,000 in a pre-seed funding round led by early-stage startup accelerator PedalStart. With this fresh capital, the brand is gearing up to expand its product lineup, enhance customer reach, and build stronger brand awareness.

Aiming for Bigger Markets and Stronger Retail Partnerships

SHOEGR isn’t just looking at incremental growth—it’s going all in. The funding will help the company bolster its direct-to-consumer (D2C) presence, improve its e-commerce experience, and establish new retail partnerships to get its products into more hands.

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Founded by Saurabh Gupta, Anuj Sachdeva, and Ankit Roy, SHOEGR has already built an impressive catalog of shoe cleaning, protection, and storage solutions.

“We don’t see shoe care as an afterthought—it’s an essential part of personal grooming and style,” said Anuj Sachdeva, Co-founder of SHOEGR. “Our mission is to make shoe care effortless, accessible, and a natural part of people’s daily routines. We want to shift the culture from just wearing shoes to truly caring for them.”

Expanding Footprint and Eyeing ₹1 Crore Monthly Sales

SHOEGR currently sells through its own website, along with major marketplaces like Amazon, Flipkart, Myntra, and Ajio. The brand reported ₹50 lakh in monthly sales as of October last year and is now targeting ₹1 crore in monthly revenue by FY 2025-26.

Investor Confidence in a High-Growth Segment

PedalStart sees big potential in SHOEGR’s niche but rapidly growing market.

“We’re excited to back SHOEGR as it addresses a critical gap in the footwear industry,” said Chintan Kalla, Founding Partner at PedalStart. “The shoe care segment in India is still at an early stage but has massive potential. SHOEGR has positioned itself as the go-to brand in this space, and we’re committed to supporting its journey.”

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With fresh funding and a strong growth strategy, SHOEGR is on track to redefine how Indians care for their footwear.

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Jasprit Bumrah Joins Skechers as Brand Ambassador, Strengthening Its Cricket Lineup

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Jasprit Bumrah Joins Skechers as Brand Ambassador, Strengthening Its Cricket Lineup

Skechers has officially signed star pacer Jasprit Bumrah as its latest brand ambassador, reinforcing its presence in Indian cricket and strengthening its association with the Mumbai Indians as the team’s official kit sponsor. As part of this partnership, Bumrah will wear Skechers Cricket footwear during matches and feature in brand campaigns that highlight both performance and lifestyle products.

Skechers Expands Its Cricket Roster

Bumrah is the latest cricketer to join Skechers’ growing lineup of athletes, alongside Ishan Kishan and Yastika Bhatia, both of whom have been sporting Skechers gear on the field for over a year. The brand’s involvement in Indian cricket has been expanding rapidly, with its official kit sponsorship of the Mumbai Indians playing a key role in its strategy.

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According to Rahul Vira, CEO of Skechers South Asia, signing Bumrah is a testament to the company’s commitment to innovation and performance in sports. He emphasized that Skechers Cricket footwear is designed to help players perform at their peak, no matter the level of competition.

“Bringing Jasprit Bumrah into the Skechers family strengthens our roster of world-class athletes. His dedication to excellence perfectly aligns with our vision, and we’re excited to further our journey in cricket,” said Vira.

Why Bumrah Chose Skechers

Bumrah, one of the most feared bowlers in world cricket, is known for his precision, consistency, and ability to dominate across formats. Explaining his decision to partner with Skechers, he highlighted the brand’s ability to blend comfort with cutting-edge technology.

“Skechers is known for its focus on comfort and innovation, and that’s exactly what I look for in my game,” said Bumrah. “For an athlete, performance and style should go hand in hand, and Skechers delivers both effortlessly.”

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Bumrah’s signing comes on the heels of a phenomenal year for the bowler. In 2024, he won the Sir Garfield Sobers Award for ICC Men’s Cricketer of the Year, surpassed 400 international wickets, and became the first bowler to hold the No. 1 ranking in all three cricket formats simultaneously. He also played a pivotal role in India’s 2024 World Cup victory and has been instrumental in the Mumbai Indians’ five IPL titles.

Skechers Cricket Footwear: Built for the Pros

Skechers offers two specialized styles for cricketers:

  • Skechers Cricket Elite – Featuring 11 metal spikes for superior traction and stability.
  • Skechers Cricket Blade – Designed with seven metal spikes to enhance grip, agility, and quick movements.

These shoes are available at select Skechers retail stores and online platforms.

Beyond cricket, Skechers continues to back top-tier athletes across multiple sports, including Indian football captain Sunil Chhetri, England’s star striker Harry Kane, and NBA powerhouse Joel Embiid.

With Bumrah now on board, Skechers is doubling down on its ambition to become a dominant force in the cricket footwear market.

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Swiggy Instamart Goes Big: Enters 100 Cities, Launches ‘Megapods’ to House 50,000+ Products

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Swiggy Instamart Goes Big: Enters 100 Cities, Launches ‘Megapods’ to House 50,000+ Products

Swiggy Instamart has rapidly expanded its footprint, now serving 100 cities across India as demand for ultra-fast deliveries surges, especially in Tier II and III cities. The quick commerce platform, known for its 10-minute delivery promise, is bringing over 30,000 products—including groceries, daily essentials, electronics, fashion, makeup, toys, and even smartphones—to millions of new customers.

Over the past month, Swiggy Instamart launched in cities like Raipur, Siliguri, Jodhpur, and Thanjavur, reinforcing its focus on smaller markets. “Convenience-driven shopping is no longer limited to metro cities. Consumers in smaller towns are embracing quick commerce just as rapidly,” said Amitesh Jha, CEO of Swiggy Instamart. “In 2025, one in four of our new users has come from Tier II or III cities, proving the growing appetite for faster, more efficient retail experiences.”

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To support this expansion, Swiggy Instamart is scaling up its darkstore operations by introducing ‘megapods’—large-scale fulfillment centers spanning 10,000 to 12,000 square feet. These facilities will stock up to 50,000 SKUs, tripling the product range compared to standard darkstores. The company says this will not only expand its grocery offerings but also allow it to cater to a wider range of FMCG, D2C, and regional brands tailored to local preferences.

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With competition in the quick commerce space intensifying, Swiggy Instamart’s aggressive expansion signals its intent to dominate both metro and non-metro markets, making 10-minute deliveries the new norm across India.

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Pilgrim Raises ₹200 Crore to Hit ₹1,000 Crore ARR: How Anurag Kedia’s D2C Beauty Brand is Dominating India’s Personal Care Market

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Pilgrim Raises ₹200 Crore to Hit ₹1,000 Crore ARR: How Anurag Kedia’s D2C Beauty Brand is Dominating India’s Personal Care Market

Mumbai-based D2C beauty and personal care brand Pilgrim has secured ₹200 crore ($23 million) in a fresh funding round, combining primary and secondary investments. This round brought in Vertex Growth Fund and Anicut Equity Continuum Fund as new investors, while existing backers Narotam Sekhsaria Family Office (NSFO), Vertex Ventures SEA, Sattva Family Office, and Mirabilis Investment Trust doubled down on their commitment.

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The latest capital injection has pushed Pilgrim’s pre-money valuation to approximately ₹3,000 crore ($350 million), with total funding now nearing $50 million.

Where the Money’s Going

Pilgrim, which has already established itself as a profitable online-first brand, plans to use this funding to expand aggressively into offline retail while doubling down on R&D and product innovation. The brand currently operates 10 exclusive brand outlets (EBOs) across Mumbai, Bengaluru, and Hyderabad and has plans to open 10 more by the end of the year.

Surging Revenues, Controlled Losses

Pilgrim is on a high-growth trajectory, having reported a 2.6X jump in revenue—from ₹76 crore in FY23 to ₹198.79 crore in FY24. Despite scaling rapidly, the company has kept its losses in check, with only a 14% increase to ₹26.34 crore during the same period.

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Aiming for ₹1,000 Crore ARR

Currently operating at a gross Annual Run Rate (ARR) of ₹800 crore, Pilgrim is targeting ₹1,000 crore ARR by the end of 2025.

The Pilgrim Journey

Founded in 2019 by Anurag Kedia, Pilgrim has built a unique brand identity by sourcing ingredients from France, Korea, Spain, Australia, the Amazon Rainforest, and Swiss glaciers. The company offers 90+ SKUs across skincare, haircare, face care, and fragrances, reaching customers in over 25,000 pin codes across India.

With its latest funding and a clear omnichannel strategy, Pilgrim is setting its sights on becoming a dominant force in India’s beauty and personal care market.

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How Nasher Miles is Disrupting India’s ₹10,000 Crore Luggage Industry with Bold Colors and Smart Design

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How Nasher Miles is Disrupting India’s ₹10,000 Crore Luggage Industry with Bold Colors and Smart Design

For decades, luggage was treated as purely functional—black, blue, brown, and gray suitcases dominated airport conveyor belts. Nasher Miles saw this monotony and decided to shake things up. The brand was launched with a simple yet powerful mission: to inject color, personality, and style into travel gear, transforming suitcases from dull necessities into fashion statements.

Breaking the Monotony of Luggage

The biggest challenge in the luggage industry wasn’t just durability or pricing—it was the lack of variety. Travelers often struggled to identify their suitcases in a sea of identical bags. Nasher Miles decided to change this by focusing on bold colors and unique designs. Today, its suitcases stand out, offering a wide spectrum of hues that cater to individual tastes.

Color isn’t just an aesthetic choice for the brand; it’s the core of its identity. Every product is designed with vibrant shades and modern patterns, ensuring that travelers can express their personality even before reaching their destination.

The Online-First Advantage

Nasher Miles started as an online-first brand, leveraging platforms like Amazon and Flipkart to understand customer preferences. By analyzing search trends, clicks, and purchase behavior, the brand could fine-tune its product offerings. It also keeps a close watch on fashion trends, incorporating elements like terrazzo prints, monochrome palettes, and other contemporary designs into its luggage.

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But while online sales account for 85% of its revenue, the brand understands that India’s luggage market is still largely offline—75% to 80% of sales happen in physical stores. This realization has led to strategic offline expansion, ensuring that customers can experience the products firsthand.

Affordable Yet Aspirational

Despite its premium appeal, Nasher Miles maintains an affordable price point, with an average selling price of ₹3,000. The goal is to position itself as a “mass premium” brand—offering high-quality, stylish products without an exorbitant price tag.

Unlike cheaper, no-name luggage brands, Nasher Miles focuses on aspirational buyers—those who want a brand they can flaunt without breaking the bank. The company ensures high-quality standards, never compromising on features like 8-wheel spinners, sturdy polypropylene shells, and smart internal compartments.

Building a Youthful, Vibrant Brand

The brand’s marketing strategy is deeply rooted in its youthful, vibrant image. From creative campaigns to visually striking packaging, every aspect of Nasher Miles is designed to appeal to a modern, fashion-conscious audience. One of its signature design elements—having one set of suitcase wheels in orange—has become a recognizable feature that sets it apart in a crowded market.

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To strengthen its identity, the brand has also partnered with a well-known young cricketer as its ambassador. His unconventional playing style and bold personality perfectly align with Nasher Miles’ disruptive approach to luggage.

The Road Ahead: Aiming for 10% Market Share

Currently, Nasher Miles holds a small share of India’s massive ₹10,000 crore luggage market, but the ambition is clear—capturing a double-digit market share. The vision is simple: when a flight lands and luggage starts rolling out on the conveyor belt, at least 10 out of every 100 bags should be a Nasher Miles suitcase.

To achieve this, the brand is expanding beyond suitcases. Backpacks, including categories like school, college, and corporate bags, are now a major focus. Investments in marketing and product diversification are set to propel Nasher Miles into becoming a household name in Indian travel gear.

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The Bear House Secures ₹3 Crore Deal on Shark Tank India: Why Namita Thapar Beat Kunal Bahl in the Bidding War

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The Bear House Secures ₹3 Crore Deal on Shark Tank India: Why Namita Thapar Beat Kunal Bahl in the Bidding War

On a recent episode of Shark Tank India on Sony LIV, men’s fashion brand The Bear House walked away with a ₹3 crore deal from Namita Thapar, Executive Director of Emcure Pharmaceuticals.

Namita’s offer included ₹1 crore for 1% equity and ₹2 crore as debt, a proposal that co-founders Tanvi and Harsh Somaiya ultimately accepted. The pitch captivated the panel, which also included Aman Gupta, Anupam Mittal, Viraj Bahl, and Kunal Bahl. The brand’s strong financials and premium positioning stood out, with Aman Gupta even calling it “too good to be true.”

Kunal Bahl was also keen to invest, proposing ₹3 crore for 3% equity at a ₹100 crore valuation. However, Tanvi and Harsh felt Namita’s structured offer aligned better with their vision, giving them both capital and strategic support without diluting too much equity.

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A Brand Rooted in European Aesthetics

Founded in 2017, The Bear House draws inspiration from European fashion and caters to men looking for effortless, smart-casual attire. The brand has built a strong reputation for its minimalist designs, quality craftsmanship, and adaptability to modern hybrid work culture.

“Being on Shark Tank and gaining the trust of the investors is a defining moment for us. Their belief in our product and vision reaffirms what we’ve been working towards—helping Indian men express their unique style with confidence,” said Tanvi Somaiya, Co-founder of The Bear House.

“Our product speaks for itself—that has always been our philosophy,” added Harsh Somaiya.

Scaling Up and Expanding Reach

With a solid offline presence in Delhi, Bengaluru, and Hyderabad, The Bear House is now gearing up to expand into cities like Mumbai, Pune, and Chennai. The company is on track to cross ₹140 crore in revenue this year, growing at over 40% year-on-year.

Online, the brand has carved a niche for itself, consistently ranking #1 in the casual shirts category on Myntra. It is also available on Flipkart, Amazon, Ajio, Tata Cliq, Nykaa, and newer quick-commerce platforms like Zepto.

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During the pitch, Namita Thapar highlighted the founders’ resilience and integrity, stating, “Your journey may sound too good to be true, but it’s real. You’ve built something special despite the challenges, and that’s why I want to be a part of it.”

With this new investment, The Bear House is set to accelerate its growth, strengthen its retail footprint, and continue redefining menswear in India.

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Xiaomi Ditches GetApps, Partners with PhonePe’s Indus Appstore for a Made-in-India Experience

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Xiaomi Ditches GetApps, Partners with PhonePe’s Indus Appstore for a Made-in-India Experience

Xiaomi India has made a bold move by replacing its default app store, GetApps, with PhonePe’s Indus Appstore. As part of a multi-year agreement between the two companies, all new Xiaomi smartphones in India will come preloaded with Indus Appstore, while existing devices will receive the transition through a software update. This shift marks a significant step in India’s push toward localized digital solutions and a homegrown alternative to global tech giants.

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Indus Appstore’s Chief Business Officer, Priya M. Narasimhan, described the partnership as a milestone in building an open, India-first app marketplace. She believes the integration with Xiaomi will provide Indian developers with greater reach while offering users a digital experience that aligns with local culture and language. Xiaomi India’s COO, Sudhin Mathur, echoed this sentiment, emphasizing that Indian smartphone users deserve an app store tailored to their needs. He called the partnership a strategic step in fostering homegrown digital innovation.

With this shift, Xiaomi users will experience a new approach to app discovery. Indus Appstore supports 12 Indian languages, making it more accessible to a broader audience. It also introduces voice-enabled search in 10 languages, reducing the reliance on English keyboards. The app store will offer over 500,000 apps and games across 45 categories, ensuring a wide selection for users. Additionally, it features a video-first approach to app previews, helping users make more informed choices.

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For developers, Indus Appstore provides a self-publishing platform, localization tools, and round-the-clock customer support, making it easier for both established and emerging developers to succeed in the Indian app market. By prioritizing regional accessibility and developer-friendly features, Indus Appstore aims to create a strong alternative to the dominant global players.

With Xiaomi’s massive market presence and Indus Appstore’s India-centric vision, this partnership could reshape the country’s digital ecosystem. While it remains to be seen whether it can challenge Google Play’s dominance, it certainly signals a shift toward India’s growing push for indigenous tech solutions.

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Sanjeev Kapoor’s Wonderchef Bounces Back! Reports ₹1.6 Cr Profit, Sets Sights on ₹800 Cr in FY25

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Sanjeev Kapoor’s Wonderchef Bounces Back! Reports ₹1.6 Cr Profit, Sets Sights on ₹800 Cr in FY25

Sanjeev Kapoor’s kitchenware brand Wonderchef has finally turned profitable, posting a net profit of ₹1.6 crore in FY24 after a massive loss of ₹51.8 crore in the previous year. The turnaround comes on the back of a nearly 20% jump in revenue, with total earnings reaching ₹380.9 crore, including other income.

Strong Sales Growth Drives Profitability

Wonderchef’s operational revenue surged to ₹377.7 crore in FY24, up from ₹315.6 crore in FY23. The company, co-founded by Kapoor and Ravi Saxena in 2009, has established itself as a major player in the kitchen appliances segment, selling everything from mixer grinders and chimneys to cast iron cookware and coffee machines.

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The Mumbai-based brand has a multi-channel presence, selling through its website, leading e-commerce platforms, and 20,000+ retail outlets globally, including modern trade stores.

Big Plans for FY25

Despite reporting revenue below ₹400 crore in FY24, Saxena has set an ambitious target of ₹800 crore for FY25. Interestingly, in a June 2024 interview with PTI, he claimed that actual sales for FY24 touched ₹700 crore, suggesting significant off-the-books revenue, possibly through indirect sales or partnerships.

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Where Did the Money Go?

Wonderchef’s spending rose in FY24, but the increase was slower than its revenue growth, helping the company return to profitability.

Procurement Costs: The biggest expense, ₹251.64 crore, was spent on stocking up products—a 25% rise from ₹201.43 crore in FY23.

Employee Expenses: Salaries and benefits accounted for ₹31.9 crore, up 12% from ₹28.5 crore in the previous year.

Investor Backing & Future Outlook

Having raised over $30 million from investors like Sixth Sense Ventures, Amicus Capital, and Godrej Family Office, Wonderchef is well-positioned for its next phase of expansion. With its profitability milestone behind it, the company’s aggressive ₹800 crore target will be one to watch in FY25.

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