Friday, December 26, 2025
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Zomato’s Deepinder Goyal excluded from Shark Tank India as rival Swiggy takes sponsorship

Deepinder Goyal Sharktank Swiggy

Deepinder Goyal, cofounder and CEO of Zomato, will not be participating in the next season of Shark Tank India, as Swiggy, a competing foodtech company, has pushed for his removal under its sponsorship terms for the show.

“I͏͏ can’t͏͏ return͏͏ because͏͏ Swiggy͏͏ sponsored͏͏ Shark͏͏ Tank͏͏ this͏͏ time͏͏ and͏͏ had͏͏ me͏͏ removed,”͏͏ Goyal͏͏ told͏͏ the͏͏ Economic͏͏ Times.

Sponsorship͏͏ Clause͏͏ Bars͏͏ Goyal:

According͏͏ to͏͏ a͏͏ separate͏͏ report͏͏ by͏͏ Moneycontrol,͏͏ IPO-bound͏͏ Swiggy͏͏ has͏͏ included͏͏ a͏͏ clause͏͏ in͏͏ its͏͏ sponsorship͏͏ agreement͏͏ stating͏͏ that͏͏ Goyal͏͏ must͏͏ not͏͏ participate͏͏ as͏͏ a͏͏ judge͏͏ on͏͏ the͏͏ TV͏͏ show.͏͏ The͏͏ Bengaluru-based͏͏ foodtech͏͏ giant͏͏ is͏͏ reportedly͏͏ nearing͏͏ a͏͏ deal͏͏ to͏͏ sponsor͏͏ the͏͏ fourth͏͏ season͏͏ of͏͏ Shark͏͏ Tank͏͏ India͏͏ for͏͏ INR͏͏ 25͏͏ crore.

In͏͏ response͏͏ to͏͏ a͏͏ question͏͏ about͏͏ Swiggy’s͏͏ IPO,͏͏ Goyal͏͏ stated,͏͏ “I͏͏ genuinely͏͏ don’t͏͏ know,͏͏ and͏͏ it’s͏͏ not͏͏ something͏͏ we͏͏ focus͏͏ on.͏͏ We’ll͏͏ see͏͏ what͏͏ happens.”

Continue͏͏ Exploring:͏͏ Swiggy likely͏͏ to͏͏ have͏͏ lower͏͏ public͏͏ market͏͏ valuation͏͏ than͏͏ Zomato:͏͏ Elara͏͏ Capital

Swiggy’s͏͏ IPO͏͏ Update:

On͏͏ September͏͏ 26,͏͏ Swiggy͏͏ submitted͏͏ its͏͏ updated͏͏ draft͏͏ red͏͏ herring͏͏ prospectus͏͏ (DRHP)͏͏ to͏͏ the͏͏ Securities͏͏ and͏͏ Exchange͏͏ Board͏͏ of͏͏ India͏͏ (SEBI)͏͏ for͏͏ its͏͏ IPO.͏͏ The͏͏ draft͏͏ indicates͏͏ that͏͏ the͏͏ public͏͏ issue͏͏ will͏͏ include͏͏ a͏͏ fresh͏͏ share͏͏ issuance͏͏ worth͏͏ INR͏͏ 3,750͏͏ crore͏͏ and͏͏ an͏͏ offer͏͏ for͏͏ sale͏͏ (OFS)͏͏ of͏͏ 18.57͏͏ crore͏͏ shares.͏͏ However,͏͏ earlier͏͏ this͏͏ week,͏͏ the͏͏ foodtech͏͏ giant͏͏ secured͏͏ shareholder͏͏ approval͏͏ to͏͏ increase͏͏ the͏͏ size͏͏ of͏͏ the͏͏ fresh͏͏ issue͏͏ in͏͏ its͏͏ IPO͏͏ to͏͏ INR͏͏ 5,000͏͏ crore.

Continue͏͏ Exploring:͏͏ IPO-bound͏͏ Swiggy receives͏͏ shareholders’͏͏ approval͏͏ to͏͏ increase͏͏ fresh͏͏ issue͏͏ size͏͏ to͏͏ INR͏͏ 5,000͏͏ Cr

Swiggy͏͏ plans͏͏ to͏͏ allocate͏͏ INR͏͏ 950͏͏ crore͏͏ from͏͏ the͏͏ IPO͏͏ proceeds͏͏ for͏͏ marketing͏͏ and͏͏ brand͏͏ awareness͏͏ initiatives͏͏ to͏͏ drive͏͏ growth͏͏ and͏͏ attract͏͏ more͏͏ customers.

New͏͏ Offerings͏͏ Rollout͏͏ as͏͏ IPO͏͏ Approaches:

This͏͏ development͏͏ comes͏͏ as͏͏ Swiggy͏͏ rolls͏͏ out͏͏ a͏͏ series͏͏ of͏͏ new͏͏ offerings͏͏ ahead͏͏ of͏͏ its͏͏ IPO.͏͏ On͏͏ Saturday,͏͏ the͏͏ company͏͏ launched͏͏ a͏͏ bulk͏͏ order͏͏ service͏͏ called͏͏ ‘Swiggy͏͏ XL͏͏ EV’͏͏ fleet͏͏ in͏͏ Gurugram,͏͏ nearly͏͏ a͏͏ month͏͏ after͏͏ it͏͏ was͏͏ reported͏͏ that͏͏ it͏͏ was͏͏ piloting͏͏ a͏͏ large͏͏ order͏͏ fleet.

Continue͏͏ Exploring:͏͏ IPO-bound͏͏ Swiggy launches͏͏ EV͏͏ fleet͏͏ for͏͏ bulk͏͏ orders͏͏ in͏͏ Gurgaon

Before͏͏ that,͏͏ the͏͏ company͏͏ launched͏͏ ‘Bolt’͏͏ to͏͏ deliver͏͏ quick-to-prepare͏͏ dishes͏͏ in͏͏ just͏͏ 10͏͏ minutes͏͏ across͏͏ six͏͏ cities:͏͏ Bengaluru,͏͏ Hyderabad,͏͏ Mumbai,͏͏ Chennai,͏͏ Delhi,͏͏ and͏͏ Pune.͏͏ The͏͏ IPO-bound͏͏ giant͏͏ is͏͏ also͏͏ reportedly͏͏ experimenting͏͏ with͏͏ a͏͏ premium͏͏ concierge͏͏ membership͏͏ that͏͏ provides͏͏ subscribers͏͏ access͏͏ to͏͏ exclusive͏͏ experiences͏͏ and͏͏ events.

Financial͏͏ Snapshot:

Swiggy’s͏͏ consolidated͏͏ net͏͏ loss͏͏ increased͏͏ by͏͏ over͏͏ 8%,͏͏ reaching͏͏ INR͏͏ 611͏͏ crore͏͏ in͏͏ the͏͏ first͏͏ quarter͏͏ (Q1)͏͏ of͏͏ the͏͏ fiscal͏͏ year͏͏ 2024-25͏͏ (FY25),͏͏ compared͏͏ to͏͏ INR͏͏ 564.08͏͏ crore͏͏ in͏͏ the͏͏ same͏͏ period͏͏ last͏͏ year.͏͏ Revenue͏͏ from͏͏ operations͏͏ surged͏͏ by͏͏ 35%͏͏ to͏͏ INR͏͏ 3,222.2͏͏ crore͏͏ during͏͏ the͏͏ quarter,͏͏ up͏͏ from͏͏ INR͏͏ 2,389.8͏͏ crore͏͏ in͏͏ Q1͏͏ FY24.

Continue͏͏ Exploring:͏͏ Swigy’s͏͏ Q1͏͏ loss͏͏ widens͏͏ 8%͏͏ YoY͏͏ to͏͏ INR͏͏ 611͏͏ Cr,͏͏ operating͏͏ revenue͏͏ jumps͏͏ 35%

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Rail Restro serves over 1 Crore passengers, launches free meal offer for first-time users

Rail Restro

Rail Restro, the official food delivery partner of IRCTC, has reached a remarkable milestone by serving over one crore railway passengers throughout India. To͏͏ celebrate͏͏ this͏͏ accomplishment,͏͏ the͏͏ company͏͏ is͏͏ introducing͏͏ a͏͏ special͏͏ offer,͏͏ enabling͏͏ first-time͏͏ users͏͏ of͏͏ Rail͏͏ Restro’s͏͏ services͏͏ to͏͏ order͏͏ free͏͏ meals͏͏ during͏͏ their͏͏ train͏͏ journeys.

Free͏͏ Meals͏͏ for͏͏ First-Time͏͏ Users:

The͏͏ special͏͏ offer,͏͏ available͏͏ at͏͏ over͏͏ 500͏͏ railway͏͏ stations,͏͏ allows͏͏ passengers͏͏ to͏͏ enjoy͏͏ a͏͏ diverse͏͏ selection͏͏ of͏͏ cuisines—Indian,͏͏ Chinese,͏͏ Italian,͏͏ South͏͏ Indian,͏͏ Jain,͏͏ and͏͏ more—delivered͏͏ right͏͏ to͏͏ their͏͏ seats͏͏ at͏͏ no͏͏ cost,͏͏ according͏͏ to͏͏ a͏͏ release͏͏ from͏͏ the͏͏ company.

Continue͏͏ Exploring:͏͏ IRCTC͏͏ expands͏͏ its͏͏ footprint,͏͏ ventures͏͏ into͏͏ non-railway͏͏ catering͏͏ business

Rail Restro Available͏͏ at͏͏ 500+͏͏ Stations:

Rail͏͏ Restro͏͏ has͏͏ become͏͏ the͏͏ go-to͏͏ option͏͏ for͏͏ railway͏͏ passengers͏͏ by͏͏ providing͏͏ high-quality,͏͏ hygienic͏͏ meals͏͏ sourced͏͏ from͏͏ over͏͏ 5,000͏͏ top͏͏ restaurants͏͏ across͏͏ India.͏͏ Each͏͏ restaurant͏͏ affiliated͏͏ with͏͏ Rail͏͏ Restro͏͏ is͏͏ FSSAI͏͏ certified,͏͏ ensuring͏͏ the͏͏ highest͏͏ standards͏͏ of͏͏ safety͏͏ and͏͏ cleanliness.͏͏ Passengers͏͏ can͏͏ conveniently͏͏ order͏͏ food͏͏ with͏͏ just͏͏ a͏͏ few͏͏ clicks,͏͏ whether͏͏ they͏͏ are͏͏ on͏͏ short͏͏ journeys͏͏ or͏͏ long-haul͏͏ trips,͏͏ and͏͏ have͏͏ it͏͏ delivered͏͏ straight͏͏ to͏͏ their͏͏ train͏͏ seat.

Manish͏͏ Chandra,͏͏ founder͏͏ of͏͏ Rail͏͏ Restro,͏͏ stated,͏͏ “We͏͏ are͏͏ excited͏͏ to͏͏ have͏͏ served͏͏ over͏͏ 1͏͏ crore͏͏ passengers,͏͏ highlighting͏͏ the͏͏ trust͏͏ that͏͏ railway͏͏ travelers͏͏ have͏͏ in͏͏ our͏͏ services.͏͏ This͏͏ special͏͏ offer͏͏ is͏͏ our͏͏ way͏͏ of͏͏ giving͏͏ back͏͏ to͏͏ our͏͏ customers͏͏ and͏͏ inviting͏͏ new͏͏ users͏͏ to͏͏ discover͏͏ the͏͏ convenience͏͏ and͏͏ quality͏͏ of͏͏ ordering͏͏ food͏͏ through͏͏ Rail͏͏ Restro.͏͏ Our͏͏ aim͏͏ has͏͏ always͏͏ been͏͏ to͏͏ enhance͏͏ the͏͏ train͏͏ travel͏͏ experience,͏͏ making͏͏ it͏͏ more͏͏ enjoyable͏͏ and͏͏ convenient.”

One͏͏ of͏͏ the͏͏ major͏͏ advantages͏͏ of͏͏ ordering͏͏ food͏͏ from͏͏ Rail͏͏ Restro͏͏ is͏͏ that͏͏ there͏͏ are͏͏ no͏͏ delivery͏͏ charges,͏͏ setting͏͏ it͏͏ apart͏͏ from͏͏ many͏͏ other͏͏ food͏͏ delivery͏͏ services.͏͏ Passengers͏͏ can͏͏ also͏͏ opt͏͏ for͏͏ cash-on-delivery,͏͏ adding͏͏ an͏͏ extra͏͏ layer͏͏ of͏͏ convenience͏͏ to͏͏ their͏͏ meal͏͏ ordering͏͏ experience.͏͏ The͏͏ Rail͏͏ Restro͏͏ app͏͏ is͏͏ designed͏͏ to͏͏ ensure͏͏ a͏͏ seamless͏͏ user͏͏ experience,͏͏ guaranteeing͏͏ that͏͏ passengers͏͏ encounter͏͏ no͏͏ issues͏͏ from͏͏ the͏͏ moment͏͏ they͏͏ place͏͏ their͏͏ order͏͏ until͏͏ their͏͏ food͏͏ is͏͏ delivered,͏͏ as͏͏ stated͏͏ in͏͏ the͏͏ release.

“We͏͏ strive͏͏ to͏͏ make͏͏ top-quality͏͏ meals͏͏ from͏͏ India’s͏͏ finest͏͏ restaurants͏͏ available͏͏ to͏͏ every͏͏ train͏͏ traveler.͏͏ This͏͏ offer͏͏ presents͏͏ a͏͏ great͏͏ opportunity͏͏ for͏͏ passengers͏͏ to͏͏ experience͏͏ the͏͏ convenience͏͏ and͏͏ delight͏͏ of͏͏ having͏͏ their͏͏ favourite͏͏ meals͏͏ delivered͏͏ straight͏͏ to͏͏ their͏͏ seat͏͏ at͏͏ no͏͏ additional͏͏ cost,”͏͏ Chandra͏͏ stated.

Continue͏͏ Exploring:͏͏ Swiggy͏͏ &͏͏ IRCTC͏͏ join͏͏ forces͏͏ to͏͏ offer͏͏ food͏͏ delivery͏͏ service͏͏ on͏͏ trains

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Underdoggs plans major expansion with 10 new outlets in 2024, eyes entry into global markets

Underdoggs

Underdoggs, a prominent sports bar and entertainment chain in India, is planning significant expansion with the addition of 10 new locations in 2024. This͏͏ growth͏͏ will͏͏ result͏͏ in͏͏ a͏͏ 200%͏͏ increase͏͏ in͏͏ its͏͏ total͏͏ number͏͏ of͏͏ outlets,͏͏ bringing͏͏ the͏͏ overall͏͏ count͏͏ to͏͏ 30͏͏ by͏͏ the͏͏ end͏͏ of͏͏ 2025.͏͏ The͏͏ brand͏͏ is͏͏ also͏͏ set͏͏ to͏͏ enter͏͏ international͏͏ markets,͏͏ aiming͏͏ to͏͏ establish͏͏ venues͏͏ in͏͏ Dubai͏͏ and͏͏ London,͏͏ where͏͏ it͏͏ will͏͏ introduce͏͏ its͏͏ unique͏͏ mix͏͏ of͏͏ sports,͏͏ dining,͏͏ and͏͏ entertainment͏͏ to͏͏ a͏͏ broader͏͏ audience.

Current͏͏ Presence͏͏ and͏͏ Future͏͏ Growth͏͏ of͏͏ Underdoggs:

As͏͏ of͏͏ September͏͏ 2024,͏͏ Underdoggs͏͏ operates͏͏ four͏͏ successful͏͏ outlets͏͏ in͏͏ New͏͏ Delhi,͏͏ Ludhiana,͏͏ Goa,͏͏ and͏͏ Bengaluru.͏͏ To͏͏ further͏͏ expand͏͏ its͏͏ footprint͏͏ in͏͏ India,͏͏ the͏͏ brand͏͏ is͏͏ set͏͏ to͏͏ open͏͏ eight͏͏ new͏͏ locations͏͏ in͏͏ Indore,͏͏ Noida,͏͏ Sri͏͏ Ganganagar,͏͏ Dehradun,͏͏ Hyderabad,͏͏ Raipur,͏͏ Gurgaon,͏͏ and͏͏ a͏͏ second͏͏ outlet͏͏ in͏͏ Bengaluru.

Continue͏͏ Exploring:͏͏ Costa͏͏ Coffee͏͏ targets͏͏ rapid͏͏ expansion͏͏ in͏͏ India,͏͏ aiming͏͏ for͏͏ 40-50͏͏ new͏͏ stores͏͏ annually

Ambitious͏͏ Goals͏͏ for͏͏ 2025:

This͏͏ expansion͏͏ signifies͏͏ a͏͏ 50%͏͏ increase͏͏ in͏͏ the͏͏ number͏͏ of͏͏ outlets͏͏ in͏͏ 2024͏͏ alone,͏͏ underscoring͏͏ Underdoggs’͏͏ ambition͏͏ to͏͏ become͏͏ India’s͏͏ leading͏͏ sports͏͏ and͏͏ entertainment͏͏ brand.͏͏ By͏͏ 2025,͏͏ the͏͏ company͏͏ aims͏͏ to͏͏ triple͏͏ its͏͏ presence͏͏ across͏͏ the͏͏ country.

Sarthak͏͏ Sidana,͏͏ Director͏͏ of͏͏ Underdoggs,͏͏ remarked,͏͏ “While͏͏ we͏͏ pursue͏͏ our͏͏ rapid͏͏ expansion͏͏ in͏͏ India,͏͏ we͏͏ are͏͏ equally͏͏ enthusiastic͏͏ about͏͏ bringing͏͏ the͏͏ Underdoggs͏͏ experience͏͏ to͏͏ international͏͏ markets.͏͏ Having͏͏ offered͏͏ a͏͏ variety͏͏ of͏͏ flavors͏͏ and͏͏ experiences͏͏ to͏͏ our͏͏ Indian͏͏ customers,͏͏ we͏͏ are͏͏ confident͏͏ that͏͏ our͏͏ new͏͏ locations͏͏ will͏͏ resonate͏͏ with͏͏ our͏͏ concept.͏͏ Our͏͏ priority͏͏ will͏͏ always͏͏ be͏͏ to͏͏ create͏͏ unforgettable͏͏ experiences͏͏ for͏͏ every͏͏ guest,͏͏ no͏͏ matter͏͏ where͏͏ they͏͏ are.”

Sidana͏͏ also͏͏ highlighted͏͏ the͏͏ brand’s͏͏ dedication͏͏ to͏͏ maintaining͏͏ quality͏͏ as͏͏ it͏͏ expands͏͏ internationally.͏͏ “This͏͏ global͏͏ initiative͏͏ is͏͏ not͏͏ solely͏͏ focused͏͏ on͏͏ growth;͏͏ it’s͏͏ about͏͏ delivering͏͏ world-class͏͏ service,͏͏ quality,͏͏ and͏͏ entertainment͏͏ that͏͏ align͏͏ with͏͏ the͏͏ expectations͏͏ of͏͏ our͏͏ international͏͏ clientele.”

In͏͏ addition͏͏ to͏͏ its͏͏ growth͏͏ within͏͏ India,͏͏ Underdoggs’͏͏ international͏͏ ambitions͏͏ play͏͏ a͏͏ vital͏͏ role͏͏ in͏͏ its͏͏ overall͏͏ strategy͏͏ to͏͏ bring͏͏ its͏͏ unique͏͏ fusion͏͏ of͏͏ sports,͏͏ entertainment,͏͏ and͏͏ dining͏͏ to͏͏ a͏͏ global͏͏ market.͏͏ The͏͏ brand͏͏ is͏͏ celebrated͏͏ for͏͏ cultivating͏͏ a͏͏ community͏͏ vibe͏͏ through͏͏ activities͏͏ like͏͏ quiz͏͏ nights,͏͏ live͏͏ music,͏͏ and͏͏ bar͏͏ games,͏͏ redefining͏͏ the͏͏ sports͏͏ bar͏͏ experience͏͏ in͏͏ India.

The͏͏ expansion͏͏ is͏͏ expected͏͏ to͏͏ create͏͏ more͏͏ than͏͏ 2,700͏͏ new͏͏ jobs,͏͏ providing͏͏ a͏͏ positive͏͏ boost͏͏ to͏͏ local͏͏ economies.

Continue͏͏ Exploring:͏͏ Nothing͏͏ Before͏͏ Coffee͏͏ opens͏͏ 75th͏͏ outlet͏͏ in͏͏ Connaught͏͏ Place,͏͏ plans͏͏ to͏͏ expand͏͏ to͏͏ 400͏͏ locations͏͏ by͏͏ 2027

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70% of retailers face challenges retaining customers post-festive season: Report

retailers

Nearly 70% of retailers struggle to retain customers after the festive season, facing challenges such as customer drop-off and growing competition, according to a report by customer data platform WebEngage.

Key͏͏ Challenges:

Retaining͏͏ customers͏͏ is͏͏ challenging͏͏ due͏͏ to͏͏ distracted͏͏ users,͏͏ intense͏͏ competition,͏͏ high͏͏ post-festive͏͏ engagement͏͏ costs,͏͏ and͏͏ insufficient͏͏ customer͏͏ feedback.

The͏͏ report,͏͏ titled͏͏ ‘The͏͏ State͏͏ of͏͏ Festive͏͏ Marketing͏͏ Report͏͏ 2024,’͏͏ is͏͏ based͏͏ on͏͏ consultations͏͏ with͏͏ over͏͏ 250͏͏ industry͏͏ insiders͏͏ and͏͏ shoppers.͏͏ It͏͏ underscores͏͏ how͏͏ brands͏͏ are͏͏ utilising͏͏ trends͏͏ and͏͏ data-driven͏͏ strategies͏͏ to͏͏ improve͏͏ their͏͏ seasonal͏͏ marketing͏͏ initiatives.

What͏͏ Drives͏͏ Festive Campaign͏͏ Success?

The͏͏ report͏͏ identifies͏͏ prices,͏͏ new͏͏ launches,͏͏ and͏͏ user͏͏ experience͏͏ as͏͏ the͏͏ main͏͏ factors͏͏ that͏͏ make͏͏ festive͏͏ campaigns͏͏ attractive͏͏ to͏͏ consumers.͏͏ Notably,͏͏ 77.6%͏͏ of͏͏ those͏͏ engaging͏͏ with͏͏ these͏͏ campaigns͏͏ are͏͏ millennials͏͏ aged͏͏ 25͏͏ to͏͏ 34.

Approximately͏͏ 98%͏͏ of͏͏ brands͏͏ connect͏͏ with͏͏ users͏͏ through͏͏ online͏͏ channels,͏͏ while͏͏ nearly͏͏ 45%͏͏ utilize͏͏ omnichannel͏͏ marketing͏͏ to͏͏ reach͏͏ both͏͏ offline͏͏ and͏͏ online͏͏ audiences.

Continue͏͏ Exploring:͏͏ Online͏͏ retailers on͏͏ track͏͏ for͏͏ 20-25%͏͏ growth͏͏ this͏͏ festive season

“The͏͏ festive͏͏ season͏͏ presents͏͏ brands͏͏ with͏͏ a͏͏ valuable͏͏ opportunity͏͏ to͏͏ attract͏͏ new͏͏ customers͏͏ while͏͏ re-engaging͏͏ many͏͏ inactive͏͏ users.͏͏ However,͏͏ it’s͏͏ crucial͏͏ to͏͏ maximise͏͏ the͏͏ lifetime͏͏ value͏͏ of͏͏ both͏͏ acquired͏͏ and͏͏ reactivated͏͏ customers,”͏͏ stated͏͏ Ankur͏͏ Gattani,͏͏ Chief͏͏ Growth͏͏ Officer͏͏ at͏͏ WebEngage.

The͏͏ report͏͏ reveals͏͏ that͏͏ while͏͏ brands͏͏ typically͏͏ plan͏͏ their͏͏ campaigns͏͏ three͏͏ to͏͏ six͏͏ months͏͏ ahead,͏͏ 54%͏͏ of͏͏ them͏͏ begin͏͏ their͏͏ pre-festive͏͏ campaigns͏͏ only͏͏ within͏͏ 30͏͏ days͏͏ of͏͏ the͏͏ launch.

Brands͏͏ across͏͏ various͏͏ sectors͏͏ start͏͏ their͏͏ preparations͏͏ early,͏͏ particularly͏͏ e-commerce͏͏ and͏͏ direct-to-consumer͏͏ (D2C)͏͏ brands,͏͏ which͏͏ make͏͏ up͏͏ 41.2%͏͏ of͏͏ those͏͏ involved͏͏ in͏͏ festive͏͏ marketing.

Short͏͏ Campaigns͏͏ Drive͏͏ Success:

Campaigns͏͏ that͏͏ run͏͏ for͏͏ less͏͏ than͏͏ seven͏͏ days͏͏ are͏͏ frequently͏͏ more͏͏ successful͏͏ for͏͏ multi-product͏͏ platforms.͏͏ This͏͏ brief͏͏ timeframe͏͏ fosters͏͏ urgency,͏͏ encouraging͏͏ consumers͏͏ to͏͏ make͏͏ faster͏͏ purchasing͏͏ decisions,͏͏ according͏͏ to͏͏ the͏͏ report.

Continue͏͏ Exploring:͏͏ Retail sales͏͏ grow͏͏ 2%͏͏ YoY͏͏ in͏͏ August͏͏ 2024:͏͏ RAI͏͏ Survey

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IPO-bound Swiggy launches EV fleet for bulk orders in Gurgaon

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IPO-bound Swiggy, Swiggy Bolt, Swiggy EV Fleet, Swiggy IPO, Swiggy Delivery
IPO-bound Swiggy Launches EV Fleet for bulk orders in Gurgaon

As part of its aggressive push ahead of its public listing, the firm Swiggy has launched a bulk ordering service called Swiggy XL EV for large groups in Gurgaon. This comes out after recently unveiling Swiggy ‘Bolt’, a service promising the super-fast delivery of quick-to-prepare dishes in just 10 minutes.

Swiggy fleet deliver at Haryana Election Day on launch

The company had been testing the new program for a couple of weeks, launching it on the election day of Haryana. In order to promote the launch, the Swiggy XL EV fleet has delivered 3,500 free meals to the election officials at over 580 polling booths in Gurgaon and Badshahpur. Service came free of cost to the district administration.

Continue͏͏ Exploring:͏͏ IPO-bound Swiggy pilots concierge service targeting premium customer base

Sidharth Bhakoo, national business head of Swiggy Food Marketplace said, “The festival season is perhaps the best time to launch this service, when there is gaiety and joy all around, and everyone celebrates with their loved ones. Swiggy XL will ensure that there is no interruption in parties and gatherings and no delay in large orders.” Bhakoo further added, “The service has an important environmental angle as well since the entire fleet is electric and it saves multiplicity of order trips.” Swiggy’s bulk ordering service, Swiggy XL EV, is set to reach to new cities soon, Bhakoo announced.

Swiggy ‘Bolt’ – A 10 minutes delivery initiative

Following its recent launch of Swiggy ‘Bolt’, which delivers fast-cooking meals in 10 minutes, this service is now available in six cities: Bengaluru, Hyderabad, Mumbai, Chennai, Delhi, and Pune.

Continue͏͏ Exploring:͏͏ IPO-bound Swiggy launches 10-minute food delivery service ‘Bolt’

Additionally, the company is testing an expensive concierge membership. According to  reports, subscribers can buy access to exclusive high-end experiences and events that aren’t open to the public through membership. As the company is preparing to go public, this week, shareholders of Swiggy approved increasing the fresh issue in its IPO to INR 5,000 Cr, up from initial INR 3,750 Cr.

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The Baker’s Dozen launches artisanal gifting range for the festive season

The Baker's Dozen

As the festive season nears in India, The Baker’s Dozen, an artisanal bakery brand, is introducing a new gifting range that combines taste and tradition for every celebration. Celebrated͏͏ for͏͏ its͏͏ high-quality,͏͏ authentic͏͏ baked͏͏ goods,͏͏ the͏͏ brand’s͏͏ latest͏͏ collection͏͏ features͏͏ two͏͏ remarkable͏͏ gift͏͏ boxes:͏͏ the͏͏ Handcrafted͏͏ Cookies͏͏ Gift͏͏ Box͏͏ and͏͏ the͏͏ Gourmet͏͏ Celebrations͏͏ Gift͏͏ Box,͏͏ both͏͏ beautifully͏͏ packaged͏͏ for͏͏ the͏͏ season.

In͏͏ Indian͏͏ culture,͏͏ celebrations͏͏ are͏͏ often͏͏ incomplete͏͏ without͏͏ the͏͏ sharing͏͏ of͏͏ sweets,͏͏ which͏͏ are͏͏ deeply͏͏ rooted͏͏ in͏͏ traditions͏͏ and͏͏ customs.͏͏ However,͏͏ as͏͏ preferences͏͏ evolve,͏͏ consumers͏͏ are͏͏ seeking͏͏ gifting͏͏ options͏͏ that͏͏ go͏͏ beyond͏͏ the͏͏ conventional͏͏ mithai͏͏ and͏͏ chocolates.͏͏ Recognizing͏͏ this͏͏ shift,͏͏ The͏͏ Baker’s͏͏ Dozen͏͏ has͏͏ carefully͏͏ curated͏͏ its͏͏ latest͏͏ festive͏͏ collection,͏͏ featuring͏͏ fresh,͏͏ artisanal͏͏ cookies͏͏ and͏͏ cakes͏͏ designed͏͏ to͏͏ enhance͏͏ the͏͏ gifting͏͏ experience͏͏ for͏͏ customers.

Handcrafted͏͏ Cookies:͏͏ A͏͏ Heartfelt͏͏ Gift

The͏͏ Handcrafted͏͏ Cookies͏͏ Gift͏͏ Box͏͏ includes͏͏ a͏͏ selection͏͏ of͏͏ The͏͏ Baker’s͏͏ Dozen’s͏͏ most͏͏ beloved͏͏ cookies,͏͏ all͏͏ baked͏͏ to͏͏ perfection͏͏ with͏͏ premium͏͏ ingredients.͏͏ This͏͏ delightful͏͏ assortment͏͏ captures͏͏ the͏͏ warmth͏͏ of͏͏ homemade͏͏ goodness͏͏ in͏͏ every͏͏ bite,͏͏ making͏͏ it͏͏ the͏͏ perfect͏͏ gift͏͏ for͏͏ loved͏͏ ones͏͏ during͏͏ the͏͏ festive͏͏ season.

Gourmet͏͏ Celebrations:͏͏ A͏͏ Taste͏͏ of͏͏ Luxury

The͏͏ Gourmet͏͏ Celebrations͏͏ Gift͏͏ Box͏͏ features͏͏ an͏͏ exquisite͏͏ assortment͏͏ of͏͏ soft͏͏ muffins,͏͏ crisp͏͏ cookies,͏͏ and͏͏ artisanal͏͏ savory͏͏ toasts,͏͏ offering͏͏ a͏͏ perfect͏͏ harmony͏͏ of͏͏ sweet͏͏ and͏͏ savory͏͏ treats.͏͏ This͏͏ carefully͏͏ curated͏͏ collection͏͏ is͏͏ crafted͏͏ to͏͏ delight͏͏ the͏͏ senses͏͏ and͏͏ leave͏͏ a͏͏ memorable͏͏ impression͏͏ on͏͏ all͏͏ who͏͏ receive͏͏ it.

The͏͏ gift͏͏ boxes͏͏ go͏͏ beyond͏͏ the͏͏ treats͏͏ they͏͏ contain;͏͏ their͏͏ packaging͏͏ is͏͏ a͏͏ harmonious͏͏ blend͏͏ of͏͏ modern͏͏ and͏͏ traditional͏͏ elements.͏͏ Drawing͏͏ from͏͏ India’s͏͏ rich͏͏ cultural͏͏ heritage,͏͏ the͏͏ design͏͏ features͏͏ elaborate͏͏ peacock͏͏ motifs͏͏ and͏͏ domed͏͏ architecture,͏͏ reflecting͏͏ the͏͏ opulence͏͏ of͏͏ Indian͏͏ celebrations.͏͏ This͏͏ careful͏͏ attention͏͏ to͏͏ detail͏͏ showcases͏͏ The͏͏ Baker’s͏͏ Dozen’s͏͏ commitment͏͏ to͏͏ craftsmanship͏͏ and͏͏ elegant͏͏ presentation

Continue͏͏ Exploring:͏͏ The Baker’s Dozen raises͏͏ INR͏͏ 33͏͏ Crores͏͏ in͏͏ Pre-Series͏͏ A͏͏ funding͏͏ led͏͏ by͏͏ Wipro͏͏ Consumer͏͏ Care͏͏ Ventures,͏͏ eyes͏͏ aggressive͏͏ expansion͏͏ beyond͏͏ metro͏͏ cities

Aditi͏͏ Handa,͏͏ Co-founder͏͏ and͏͏ Head͏͏ Chef͏͏ at͏͏ The͏͏ Baker’s͏͏ Dozen,͏͏ stated,͏͏ “We͏͏ aimed͏͏ to͏͏ create͏͏ something͏͏ that͏͏ captures͏͏ the͏͏ essence͏͏ of͏͏ Indian͏͏ celebrations,͏͏ where͏͏ gifting͏͏ and͏͏ sweets͏͏ hold͏͏ significant͏͏ cultural͏͏ importance͏͏ at͏͏ the͏͏ heart͏͏ of͏͏ every͏͏ joyous͏͏ occasion.͏͏ Our͏͏ goal͏͏ is͏͏ to͏͏ enhance͏͏ the͏͏ gifting͏͏ experience,͏͏ allowing͏͏ customers͏͏ to͏͏ select͏͏ gifts͏͏ that͏͏ are͏͏ both͏͏ grand͏͏ and͏͏ meaningful.͏͏ We͏͏ also͏͏ wanted͏͏ to͏͏ ensure͏͏ that͏͏ our͏͏ range͏͏ offers͏͏ exceptional͏͏ value,͏͏ so͏͏ customers͏͏ feel͏͏ truly͏͏ satisfied͏͏ with͏͏ their͏͏ choices.

Indians͏͏ love͏͏ to͏͏ celebrate͏͏ both͏͏ big͏͏ and͏͏ small͏͏ occasions͏͏ throughout͏͏ the͏͏ year.͏͏ Our͏͏ previous͏͏ gifting͏͏ ranges͏͏ have͏͏ received͏͏ an͏͏ overwhelming͏͏ response,͏͏ so͏͏ we͏͏ are͏͏ focusing͏͏ on͏͏ making͏͏ these͏͏ available͏͏ year-round.͏͏ The͏͏ festive͏͏ season͏͏ is͏͏ particularly͏͏ important͏͏ for͏͏ us,͏͏ as͏͏ our͏͏ sales͏͏ can͏͏ increase͏͏ by͏͏ 2-3x.”

Affordable͏͏ Indulgence͏͏ for͏͏ Last-Minute͏͏ Shoppers:

For͏͏ those͏͏ seeking͏͏ last-minute͏͏ gifts,͏͏ The͏͏ Baker’s͏͏ Dozen͏͏ has͏͏ crafted͏͏ a͏͏ variety͏͏ of͏͏ options͏͏ priced͏͏ between͏͏ INR͏͏ 199͏͏ and͏͏ INR͏͏ 499.͏͏ The͏͏ festive͏͏ collection͏͏ will͏͏ be͏͏ available͏͏ from͏͏ the͏͏ second͏͏ week͏͏ of͏͏ October,͏͏ both͏͏ online͏͏ and͏͏ in͏͏ stores,͏͏ perfectly͏͏ timed͏͏ for͏͏ Diwali.

The͏͏ Baker’s͏͏ Dozen͏͏ continues͏͏ to͏͏ reinvent͏͏ traditional͏͏ gifting,͏͏ offering͏͏ customers͏͏ a͏͏ seamless͏͏ way͏͏ to͏͏ share͏͏ joy͏͏ and͏͏ indulgence͏͏ during͏͏ India’s͏͏ most͏͏ celebrated͏͏ occasions.

Continue͏͏ Exploring:͏͏ The Baker’s Dozen sets͏͏ a͏͏ high͏͏ bar͏͏ with͏͏ plans͏͏ for͏͏ 2.5x͏͏ revenue͏͏ growth͏͏ and͏͏ INR͏͏ 150͏͏ crore͏͏ ARR͏͏ by͏͏ FY24

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Ace Turtle expands Toys“R”Us footprint with new store in Bengaluru

Ace Turtle Toys“R”Us

Ace Turtle, the retail tech company, has opened the second Toys“R”Us store in Bengaluru, as announced on social media. Located in Lulu Mall, the new outlet spans over 6,000 sq. ft. of retail space.

“The͏͏ Toys“R”Us͏͏ store͏͏ at͏͏ Lulu͏͏ Mall,͏͏ Bengaluru,͏͏ has͏͏ been͏͏ a͏͏ success͏͏ since͏͏ its͏͏ launch,͏͏ providing͏͏ a͏͏ wonderful͏͏ selection͏͏ of͏͏ toys͏͏ that͏͏ cater͏͏ to͏͏ the͏͏ needs͏͏ of͏͏ children͏͏ and͏͏ families,”͏͏ Ace͏͏ Turtle͏͏ stated͏͏ in͏͏ a͏͏ LinkedIn͏͏ post.

Earlier͏͏ Launch͏͏ in͏͏ Bengaluru:

The͏͏ toy͏͏ retailer͏͏ made͏͏ its͏͏ Bengaluru͏͏ debut͏͏ in͏͏ March͏͏ this͏͏ year͏͏ with͏͏ a͏͏ 6,200͏͏ sq.͏͏ ft.͏͏ store͏͏ at͏͏ Bhartiya͏͏ Mall.

Continue͏͏ Exploring:͏͏ Ace Turtle inaugurates͏͏ third͏͏ Toys“R”Us store͏͏ in͏͏ India,͏͏ plans͏͏ 12͏͏ new͏͏ stores͏͏ in͏͏ 2024

Toys“R”Us͏͏ entered͏͏ the͏͏ Indian͏͏ market͏͏ in͏͏ 2017͏͏ through͏͏ Tablez͏͏ India,͏͏ a͏͏ division͏͏ of͏͏ the͏͏ Abu͏͏ Dhabi-based͏͏ Lulu͏͏ Group͏͏ International,͏͏ under͏͏ an͏͏ exclusive͏͏ master͏͏ franchise͏͏ agreement.͏͏ The͏͏ global͏͏ toy͏͏ brand͏͏ was͏͏ launched͏͏ in͏͏ India͏͏ in͏͏ October͏͏ 2017,͏͏ with͏͏ plans͏͏ to͏͏ open͏͏ over͏͏ 200͏͏ stores.͏͏ However,͏͏ it͏͏ only͏͏ managed͏͏ to͏͏ establish͏͏ 14͏͏ stores,͏͏ all͏͏ of͏͏ which͏͏ closed͏͏ within͏͏ three͏͏ years͏͏ of͏͏ operation.

In͏͏ June͏͏ 2021,͏͏ Bengaluru-based͏͏ Ace͏͏ Turtle͏͏ formed͏͏ a͏͏ joint͏͏ venture͏͏ with͏͏ Flipkart͏͏ Group’s͏͏ Wholesale͏͏ Entity͏͏ in͏͏ India͏͏ to͏͏ obtain͏͏ the͏͏ license͏͏ for͏͏ Toys“R”Us͏͏ and͏͏ Babies”R”Us͏͏ in͏͏ the͏͏ country͏͏ through͏͏ a͏͏ strategic͏͏ partnership͏͏ with͏͏ WHP͏͏ Global.

Ambitious͏͏ Expansion͏͏ Plans:

Ace͏͏ Turtle͏͏ aims͏͏ to͏͏ expand͏͏ the͏͏ presence͏͏ of͏͏ Toys“R”Us͏͏ in͏͏ India,͏͏ with͏͏ plans͏͏ to͏͏ open͏͏ up͏͏ to͏͏ 50͏͏ stores͏͏ over͏͏ the͏͏ next͏͏ three͏͏ years,͏͏ as͏͏ stated͏͏ by͏͏ Nitin͏͏ Chhabra,͏͏ CEO͏͏ of͏͏ Ace͏͏ Turtle,͏͏ in͏͏ an͏͏ earlier͏͏ statement.

Founded͏͏ in͏͏ 2013,͏͏ Ace͏͏ Turtle͏͏ is͏͏ the͏͏ exclusive͏͏ licensee͏͏ for͏͏ global͏͏ retail͏͏ brands͏͏ like͏͏ Lee,͏͏ Wrangler,͏͏ and͏͏ Dockers͏͏ in͏͏ India͏͏ and͏͏ other͏͏ South͏͏ Asian͏͏ markets.

Continue͏͏ Exploring:͏͏ Toys“R”Us bets͏͏ big͏͏ on͏͏ Indian͏͏ market,͏͏ eyes͏͏ top͏͏ five͏͏ position͏͏ within͏͏ 4-5͏͏ years

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MilkLane launches procurement services for dairy companies, offering aflatoxin-free and antibiotic-safe milk

MilkLane

MilkLane, a prominent dairy brand within the Swiss-Indian food and technology platform Innoterra, has launched its Dairy Procurement Services to provide high-quality milk that is free from aflatoxins and antibiotics to dairy companies, startups, and new entrants in the sector This͏͏ Procurement͏͏ as͏͏ a͏͏ Service͏͏ (PaaS)͏͏ offering͏͏ enables͏͏ MilkLane͏͏ to͏͏ source͏͏ raw͏͏ chilled͏͏ milk͏͏ (RCM)͏͏ from͏͏ dairy͏͏ farmers͏͏ after͏͏ rigorous͏͏ quality͏͏ testing,͏͏ ensuring͏͏ clients͏͏ receive͏͏ consistent,͏͏ top-quality͏͏ milk͏͏ throughout͏͏ the͏͏ year.

This͏͏ all-inclusive͏͏ procurement͏͏ solution,͏͏ launching͏͏ in͏͏ Karnataka,͏͏ Andhra͏͏ Pradesh,͏͏ Tamil͏͏ Nadu,͏͏ and͏͏ Kerala,͏͏ not͏͏ only͏͏ ensures͏͏ exceptional͏͏ milk͏͏ quality͏͏ but͏͏ also͏͏ simplifies͏͏ the͏͏ procurement͏͏ process͏͏ for͏͏ businesses.͏͏ This͏͏ enables͏͏ them͏͏ to͏͏ concentrate͏͏ on͏͏ their͏͏ primary͏͏ operations͏͏ while͏͏ reaping͏͏ the͏͏ benefits͏͏ of͏͏ efficient͏͏ sourcing.

Flexible͏͏ Service͏͏ Models͏͏ for͏͏ B2B͏͏ Clients:

MilkLane͏͏ will͏͏ offer͏͏ a͏͏ flexible͏͏ service͏͏ model͏͏ that͏͏ allows͏͏ B2B͏͏ customers͏͏ to͏͏ choose͏͏ from͏͏ various͏͏ options͏͏ based͏͏ on͏͏ their͏͏ specific͏͏ needs.͏͏ The͏͏ company͏͏ will͏͏ handle͏͏ all͏͏ aspects͏͏ of͏͏ procurement͏͏ at͏͏ competitive͏͏ prices,͏͏ enabling͏͏ customers͏͏ to͏͏ either͏͏ invest͏͏ in͏͏ their͏͏ own͏͏ capital͏͏ expenditure͏͏ or͏͏ utilize͏͏ rental͏͏ equipment͏͏ provided͏͏ by͏͏ MilkLane.͏͏ This͏͏ approach͏͏ eliminates͏͏ the͏͏ necessity͏͏ for͏͏ a͏͏ large͏͏ on-ground͏͏ procurement͏͏ team,͏͏ allowing͏͏ businesses͏͏ to͏͏ save͏͏ costs͏͏ while͏͏ retaining͏͏ full͏͏ ownership͏͏ of͏͏ the͏͏ procured͏͏ milk.

Additionally,͏͏ MilkLane͏͏ will͏͏ only͏͏ charge͏͏ for͏͏ procurement-related͏͏ overhead͏͏ costs,͏͏ ensuring͏͏ customers͏͏ have͏͏ a͏͏ clear͏͏ understanding͏͏ of͏͏ their͏͏ expenses.͏͏ They͏͏ can͏͏ opt͏͏ for͏͏ either͏͏ a͏͏ cost-plus͏͏ or͏͏ fixed-price͏͏ model,͏͏ which͏͏ will͏͏ be͏͏ reviewed͏͏ periodically͏͏ to͏͏ maintain͏͏ transparency͏͏ and͏͏ efficiency͏͏ throughout͏͏ the͏͏ procurement͏͏ process.

Growth͏͏ Potential͏͏ in͏͏ India’s͏͏ Dairy Industry:

According͏͏ to͏͏ industry͏͏ data,͏͏ India’s͏͏ dairy͏͏ industry͏͏ was͏͏ valued͏͏ at͏͏ over͏͏ INR͏͏ 16,000͏͏ billion͏͏ in͏͏ 2023.͏͏ It͏͏ is͏͏ expected͏͏ to͏͏ grow͏͏ to͏͏ approximately͏͏ INR͏͏ 50,000͏͏ billion͏͏ by͏͏ 2032,͏͏ reflecting͏͏ a͏͏ compound͏͏ annual͏͏ growth͏͏ rate͏͏ (CAGR)͏͏ of͏͏ 12.88%͏͏ from͏͏ 2023͏͏ to͏͏ 2032.

Continue͏͏ Exploring:͏͏ India’s͏͏ dairy industry͏͏ to͏͏ see͏͏ 13-14%͏͏ revenue͏͏ growth͏͏ this͏͏ fiscal͏͏ year:͏͏ CRISIL

Robust͏͏ Farmer͏͏ Network͏͏ and͏͏ Infrastructure:

MilkLane͏͏ will͏͏ drive͏͏ its͏͏ procurement͏͏ services͏͏ through͏͏ an͏͏ extensive͏͏ network͏͏ of͏͏ over͏͏ 10,000͏͏ small͏͏ farmers,͏͏ supported͏͏ by͏͏ digitally͏͏ enabled͏͏ infrastructure͏͏ that͏͏ includes͏͏ more͏͏ than͏͏ 150͏͏ Bulk͏͏ Milk͏͏ Coolers͏͏ (BMCs)͏͏ and͏͏ a͏͏ milk͏͏ processing͏͏ facility͏͏ with͏͏ a͏͏ capacity͏͏ of͏͏ 200,000͏͏ liters͏͏ per͏͏ day.͏͏ These͏͏ strategically͏͏ located͏͏ BMCs͏͏ ensure͏͏ that͏͏ milk͏͏ is͏͏ cooled͏͏ within͏͏ 45͏͏ minutes͏͏ of͏͏ milking.͏͏ MilkLane’s͏͏ quality͏͏ assurance͏͏ process͏͏ includes͏͏ four͏͏ levels͏͏ of͏͏ checks͏͏ and͏͏ over͏͏ 40͏͏ tests͏͏ conducted͏͏ in͏͏ central͏͏ labs,͏͏ guaranteeing͏͏ the͏͏ highest͏͏ safety͏͏ and͏͏ quality͏͏ standards.

In͏͏ addition,͏͏ MilkLane͏͏ will͏͏ provide͏͏ 100%͏͏ end-to-end͏͏ traceability͏͏ and͏͏ a͏͏ fully͏͏ digitized͏͏ pricing͏͏ model͏͏ that͏͏ maintains͏͏ transparency͏͏ and͏͏ aligns͏͏ with͏͏ market͏͏ price͏͏ fluctuations.

MilkLane’s͏͏ Approach͏͏ to͏͏ Dairy Supply͏͏ Chain͏͏ Challenges:

Avinash͏͏ Kasinathan,͏͏ Head͏͏ of͏͏ India͏͏ Business͏͏ at͏͏ Innoterra,͏͏ stressed͏͏ the͏͏ importance͏͏ of͏͏ stringent͏͏ quality͏͏ control͏͏ in͏͏ dairy͏͏ supply͏͏ chains.͏͏ He͏͏ pointed͏͏ out͏͏ that͏͏ the͏͏ increasing͏͏ demand͏͏ for͏͏ safe,͏͏ high-quality͏͏ milk͏͏ exposes͏͏ challenges͏͏ such͏͏ as͏͏ inconsistent͏͏ fat͏͏ levels,͏͏ antibiotic͏͏ contamination,͏͏ and͏͏ aflatoxins,͏͏ which͏͏ jeopardize͏͏ product͏͏ quality͏͏ and͏͏ consumer͏͏ safety.͏͏

MilkLane’s͏͏ new͏͏ procurement͏͏ service͏͏ tackles͏͏ these͏͏ issues͏͏ by͏͏ implementing͏͏ strict͏͏ quality͏͏ measures͏͏ throughout͏͏ the͏͏ entire͏͏ process,͏͏ from͏͏ sourcing͏͏ to͏͏ delivery.͏͏ With͏͏ a͏͏ strong͏͏ network͏͏ of͏͏ farmers͏͏ and͏͏ cutting-edge͏͏ technology,͏͏ MilkLane͏͏ aspires͏͏ to͏͏ be͏͏ the͏͏ trusted͏͏ partner͏͏ for͏͏ businesses͏͏ in͏͏ need͏͏ of͏͏ a͏͏ dependable͏͏ milk͏͏ supply.

To͏͏ further͏͏ improve͏͏ quality,͏͏ MilkLane͏͏ utilizes͏͏ a͏͏ Quality-Driven͏͏ Pricing͏͏ model͏͏ that͏͏ deters͏͏ dilution͏͏ and͏͏ adulteration,͏͏ alongside͏͏ stringent͏͏ acceptance͏͏ standards͏͏ for͏͏ milk͏͏ testing͏͏ and͏͏ advanced͏͏ testing͏͏ capabilities.͏͏ The͏͏ company͏͏ also͏͏ prioritizes͏͏ the͏͏ nutritional͏͏ well-being͏͏ of͏͏ the͏͏ cattle,͏͏ implements͏͏ risk͏͏ mitigation͏͏ through͏͏ robust͏͏ quality͏͏ management͏͏ processes,͏͏ and͏͏ empowers͏͏ farmers͏͏ through͏͏ training͏͏ and͏͏ extension͏͏ services.

Alongside͏͏ its͏͏ emphasis͏͏ on͏͏ quality,͏͏ MilkLane͏͏ is͏͏ dedicated͏͏ to͏͏ environmental͏͏ sustainability͏͏ and͏͏ initiatives͏͏ tailored͏͏ to͏͏ farmers.͏͏ The͏͏ company͏͏ has͏͏ transitioned͏͏ from͏͏ plastic͏͏ to͏͏ 5,000͏͏ stainless͏͏ steel͏͏ cans͏͏ for͏͏ milk͏͏ collection,͏͏ reinforcing͏͏ its͏͏ commitment͏͏ to͏͏ providing͏͏ pure͏͏ and͏͏ safe͏͏ dairy͏͏ products.

Continue͏͏ Exploring:͏͏ FSSAI͏͏ withdraws͏͏ advisory͏͏ on͏͏ ‘A1’͏͏ and͏͏ ‘A2’͏͏ milk claims,͏͏ continues͏͏ stakeholder͏͏ consultations

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Online festive sales in India surge 26% to over INR 54,500 Cr, driven by mobile phones and electronics

Online festive sales ecommerce

India’s online festive sales saw a significant surge in the first week, largely driven by demand for mobile phones and electronics, which might not be exclusively linked to the iPhone effect.

E-Commerce͏͏ Giants͏͏ Report͏͏ Impressive͏͏ Growth:

A͏͏ report͏͏ by͏͏ Datum͏͏ Intelligence͏͏ reveals͏͏ that͏͏ e-commerce͏͏ giants͏͏ Amazon͏͏ and͏͏ Flipkart͏͏ recorded͏͏ sales͏͏ of͏͏ over͏͏ INR͏͏ 54,500͏͏ crore͏͏ from͏͏ September͏͏ 26͏͏ to͏͏ October͏͏ 2,͏͏ representing͏͏ a͏͏ 26%͏͏ year-on-year͏͏ growth.͏͏ Mobile͏͏ phones͏͏ drove͏͏ nearly͏͏ 60%͏͏ of͏͏ the͏͏ spending,͏͏ accounting͏͏ for͏͏ 38%,͏͏ followed͏͏ by͏͏ electronics͏͏ and͏͏ consumer͏͏ durables͏͏ at͏͏ 21%.

“Sales͏͏ were͏͏ dominated͏͏ by͏͏ the͏͏ iPhone͏͏ 15͏͏ and͏͏ previous͏͏ generations,͏͏ while͏͏ Samsung’s͏͏ Galaxy͏͏ S23͏͏ FE͏͏ performed͏͏ exceptionally͏͏ well͏͏ on͏͏ Flipkart,”͏͏ stated͏͏ analyst͏͏ Shubham͏͏ Singh͏͏ from͏͏ Counterpoint͏͏ Research.

Premium͏͏ mobile͏͏ phones,͏͏ particularly͏͏ those͏͏ priced͏͏ above͏͏ INR͏͏ 30,000,͏͏ gained͏͏ traction͏͏ due͏͏ to͏͏ attractive͏͏ discounts.͏͏ Furthermore,͏͏ the͏͏ introduction͏͏ of͏͏ new͏͏ iPhone͏͏ models͏͏ led͏͏ to͏͏ price͏͏ reductions͏͏ on͏͏ older͏͏ versions,͏͏ boosting͏͏ their͏͏ sales͏͏ performance.

Strong͏͏ Demand͏͏ for͏͏ Consumer͏͏ Durables:

Consumer͏͏ durables͏͏ like͏͏ double-door͏͏ refrigerators͏͏ and͏͏ smart͏͏ TVs͏͏ experienced͏͏ strong͏͏ demand.͏͏ More͏͏ than͏͏ half͏͏ of͏͏ the͏͏ buyers͏͏ chose͏͏ EMI͏͏ payments,͏͏ with͏͏ a͏͏ significant͏͏ number͏͏ of͏͏ purchasers͏͏ coming͏͏ from͏͏ smaller͏͏ towns͏͏ and͏͏ cities.

Tier-2͏͏ and͏͏ Tier-3͏͏ Cities͏͏ Drive͏͏ Sales:

Amazon͏͏ stated͏͏ that͏͏ nearly͏͏ 70%͏͏ of͏͏ premium͏͏ smartphone͏͏ sales͏͏ originated͏͏ from͏͏ tier-2͏͏ and͏͏ tier-3͏͏ cities,͏͏ which͏͏ also͏͏ represented͏͏ almost͏͏ 80%͏͏ of͏͏ all͏͏ television͏͏ orders.

Amazon͏͏ reported͏͏ that͏͏ the͏͏ Amazon͏͏ Great͏͏ Indian͏͏ Festival͏͏ 2024͏͏ launched͏͏ with͏͏ record-breaking͏͏ numbers͏͏ in͏͏ the͏͏ first͏͏ 48͏͏ hours.͏͏ The͏͏ event͏͏ recorded͏͏ nearly͏͏ 11͏͏ crore͏͏ customer͏͏ visits,͏͏ marking͏͏ its͏͏ strongest͏͏ opening͏͏ to͏͏ date.͏͏ Notably,͏͏ 80%͏͏ of͏͏ these͏͏ visits͏͏ originated͏͏ from͏͏ tier-2͏͏ cities͏͏ and͏͏ smaller͏͏ towns,͏͏ underscoring͏͏ the͏͏ increasing͏͏ demand͏͏ from͏͏ non-metropolitan͏͏ regions.

Continue͏͏ Exploring:͏͏ Amazon͏͏ records͏͏ 11͏͏ Cr͏͏ customer͏͏ visits͏͏ in͏͏ the͏͏ first͏͏ 48͏͏ hours͏͏ of͏͏ Great͏͏ Indian͏͏ Festival͏͏ sale

More͏͏ than͏͏ 8,000͏͏ sellers͏͏ surpassed͏͏ INR͏͏ 1͏͏ lakh͏͏ in͏͏ sales͏͏ during͏͏ this͏͏ period,͏͏ accompanied͏͏ by͏͏ a͏͏ notable͏͏ increase͏͏ in͏͏ Prime͏͏ membership͏͏ purchases.͏͏ Prime͏͏ Early͏͏ Access͏͏ customers͏͏ made͏͏ eight͏͏ times͏͏ more͏͏ purchases͏͏ in͏͏ the͏͏ first͏͏ 24͏͏ hours͏͏ compared͏͏ to͏͏ an͏͏ average͏͏ day,͏͏ indicating͏͏ strong͏͏ interest͏͏ across͏͏ various͏͏ categories.

Smartphone͏͏ sales͏͏ were͏͏ notably͏͏ strong,͏͏ with͏͏ over͏͏ 75%͏͏ of͏͏ total͏͏ sales͏͏ originating͏͏ from͏͏ tier-2͏͏ and͏͏ tier-3͏͏ towns.͏͏ Interestingly,͏͏ almost͏͏ 70%͏͏ of͏͏ premium͏͏ smartphone͏͏ purchases,͏͏ priced͏͏ above͏͏ INR͏͏ 30,000,͏͏ also͏͏ came͏͏ from͏͏ these͏͏ smaller͏͏ cities.

Continued͏͏ Growth͏͏ Projected͏͏ for͏͏ Festive Season:

Throughout͏͏ the͏͏ festive͏͏ season͏͏ leading͏͏ up͏͏ to͏͏ Diwali,͏͏ online͏͏ sales͏͏ are͏͏ projected͏͏ to͏͏ increase͏͏ by͏͏ 23%,͏͏ approaching͏͏ INR͏͏ 100,000͏͏ crore.͏͏ In͏͏ comparison,͏͏ last͏͏ year͏͏ saw͏͏ a͏͏ sales͏͏ growth͏͏ of͏͏ 16%,͏͏ totaling͏͏ INR͏͏ 81,000͏͏ crore.

Continue͏͏ Exploring:͏͏ E-commerce͏͏ sales͏͏ in͏͏ India͏͏ expected͏͏ to͏͏ hit͏͏ $12͏͏ Bn͏͏ this͏͏ festive season,͏͏ up͏͏ 23%͏͏ from͏͏ last͏͏ year

Shift͏͏ Towards͏͏ Premium͏͏ Products:

Panasonic͏͏ recorded͏͏ double-digit͏͏ growth͏͏ in͏͏ online͏͏ sales,͏͏ reflecting͏͏ a͏͏ significant͏͏ consumer͏͏ shift͏͏ towards͏͏ premium͏͏ products.͏͏ Sushil͏͏ Grover,͏͏ business͏͏ chief͏͏ at͏͏ Panasonic͏͏ Life͏͏ Solutions͏͏ India,͏͏ stated,͏͏ “We’re͏͏ observing͏͏ consumers͏͏ moving͏͏ towards͏͏ premium͏͏ segments.͏͏ There’s͏͏ considerable͏͏ interest͏͏ in͏͏ 5-star͏͏ ACs,͏͏ smart͏͏ washing͏͏ machines,͏͏ and͏͏ microwaves͏͏ featuring͏͏ convection͏͏ and͏͏ insta͏͏ cook͏͏ options.”͏͏ Similarly,͏͏ Godrej͏͏ Appliances͏͏ experienced͏͏ robust͏͏ online͏͏ sales͏͏ for͏͏ premium͏͏ items͏͏ such͏͏ as͏͏ frost-free͏͏ refrigerators͏͏ and͏͏ air͏͏ conditioners.

Continue͏͏ Exploring:͏͏ Premiumisation͏͏ and͏͏ pent-up͏͏ demand͏͏ to͏͏ drive͏͏ festive growth͏͏ in͏͏ 2024:͏͏ Redseer͏͏ Report

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Honasa Consumer denies asset ownership in UAE as Dubai court upholds attachment order

Mamaearth

Just a day after a Dubai court upheld its earlier ruling to attach assets of Mamaearth’s parent company in the region, Honasa Consumer asserted that it does not own any assets in the UAE.

In͏͏ an͏͏ exchange͏͏ filing͏͏ today,͏͏ Honasa͏͏ Consumer͏͏ highlighted͏͏ that͏͏ its͏͏ Dubai͏͏ subsidiary͏͏ has͏͏ been͏͏ exempt͏͏ from͏͏ the͏͏ attachment͏͏ order.

Rejection͏͏ of͏͏ Grievances͏͏ by͏͏ Dubai Court:

This͏͏ development͏͏ comes͏͏ a͏͏ day͏͏ after͏͏ Honasa͏͏ announced͏͏ that͏͏ the͏͏ Court͏͏ of͏͏ Merits͏͏ in͏͏ Dubai͏͏ rejected͏͏ the͏͏ grievance͏͏ filed͏͏ by͏͏ Honasa͏͏ and͏͏ its͏͏ former͏͏ distributor,͏͏ RSM͏͏ General͏͏ Trading.

Continue͏͏ Exploring:͏͏ Dubai court orders attachment of Honasa Consumer’s͏͏ assets͏͏ amid͏͏ distributor͏͏ dispute

These͏͏ grievances͏͏ involved͏͏ RSM͏͏ General͏͏ Trading’s͏͏ request͏͏ to͏͏ revoke͏͏ the͏͏ trading͏͏ licence͏͏ of͏͏ Honasa’s͏͏ subsidiary͏͏ and͏͏ Honasa’s͏͏ challenge͏͏ to͏͏ the͏͏ attachment͏͏ of͏͏ its͏͏ assets͏͏ in͏͏ the͏͏ UAE.

The͏͏ Dubai͏͏ court’s͏͏ initial͏͏ ruling͏͏ was͏͏ issued͏͏ on͏͏ June͏͏ 6,͏͏ prompting͏͏ both͏͏ parties͏͏ to͏͏ file͏͏ appeals͏͏ against͏͏ the͏͏ order.

The͏͏ parent͏͏ company͏͏ of͏͏ the͏͏ D2C͏͏ brand͏͏ reiterated͏͏ today͏͏ that͏͏ it͏͏ will͏͏ file͏͏ a͏͏ contempt͏͏ petition͏͏ against͏͏ RSM͏͏ in͏͏ the͏͏ Delhi͏͏ court͏͏ for͏͏ failing͏͏ to͏͏ comply͏͏ with͏͏ the͏͏ Delhi͏͏ High͏͏ Court’s͏͏ order͏͏ from͏͏ August.

For͏͏ those͏͏ unfamiliar,͏͏ the͏͏ Delhi͏͏ High͏͏ Court’s͏͏ August͏͏ order͏͏ mandated͏͏ that͏͏ RSM͏͏ General͏͏ Trading͏͏ not͏͏ only͏͏ revoke͏͏ its͏͏ execution͏͏ proceedings͏͏ in͏͏ Dubai͏͏ against͏͏ Honasa͏͏ but͏͏ also͏͏ deposit͏͏ INR͏͏ 57.17͏͏ crore,͏͏ along͏͏ with͏͏ accrued͏͏ interest,͏͏ in͏͏ the͏͏ registry͏͏ of͏͏ the͏͏ Delhi͏͏ High͏͏ Court͏͏ until͏͏ the͏͏ execution͏͏ proceedings͏͏ in͏͏ Dubai͏͏ are͏͏ withdrawn.

Continue͏͏ Exploring:͏͏ Delhi͏͏ HC͏͏ orders͏͏ Honasa Consumer’s͏͏ UAE͏͏ distributor͏͏ to͏͏ withdraw͏͏ execution͏͏ proceedings͏͏ in͏͏ Dubai

The͏͏ order͏͏ indicated͏͏ that͏͏ if͏͏ the͏͏ Dubai͏͏ court͏͏ continues͏͏ to͏͏ enforce͏͏ the͏͏ ruling͏͏ against͏͏ Honasa,͏͏ the͏͏ Delhi͏͏ High͏͏ Court͏͏ will͏͏ disburse͏͏ the͏͏ funds͏͏ to͏͏ the͏͏ D2C͏͏ brand.

Central͏͏ to͏͏ this͏͏ issue͏͏ is͏͏ Honasa’s͏͏ decision͏͏ to͏͏ sever͏͏ its͏͏ ties͏͏ with͏͏ RSM͏͏ General͏͏ Trading,͏͏ which͏͏ claims͏͏ that͏͏ Honasa͏͏ abruptly͏͏ terminated͏͏ the͏͏ distributorship͏͏ agreement.

RSM͏͏ General͏͏ Trading͏͏ served͏͏ as͏͏ Honasa’s͏͏ distributor͏͏ in͏͏ the͏͏ Middle͏͏ East͏͏ and͏͏ African͏͏ regions͏͏ from͏͏ July͏͏ 30,͏͏ 2020,͏͏ to͏͏ January͏͏ 17,͏͏ 2023.

Compensation͏͏ Ordered͏͏ by͏͏ UAE͏͏ Court:

In͏͏ May,͏͏ the͏͏ UAE’s͏͏ Court͏͏ of͏͏ Full͏͏ Commercial͏͏ Jurisdiction͏͏ ruled͏͏ that͏͏ Honasa͏͏ must͏͏ compensate͏͏ RSM͏͏ General͏͏ Trading͏͏ with͏͏ AED͏͏ 25.07͏͏ million͏͏ (around͏͏ INR͏͏ 57͏͏ crore)͏͏ in͏͏ damages.

Furthermore,͏͏ the͏͏ court͏͏ instructed͏͏ the͏͏ company͏͏ to͏͏ pay͏͏ legal͏͏ interest͏͏ at͏͏ a͏͏ rate͏͏ of͏͏ 5%͏͏ (from͏͏ the͏͏ date͏͏ the͏͏ judgment͏͏ becomes͏͏ final͏͏ until͏͏ full͏͏ payment͏͏ is͏͏ received)͏͏ and͏͏ AED͏͏ 1,000͏͏ (INR͏͏ 22,665)͏͏ for͏͏ attorney͏͏ fees.

Honasa’s͏͏ Diverse͏͏ Product͏͏ Portfolio:

Founded͏͏ in͏͏ 2016͏͏ by͏͏ the͏͏ husband-and-wife͏͏ duo͏͏ Varun͏͏ and͏͏ Ghazal͏͏ Alagh,͏͏ Honasa͏͏ offers͏͏ a͏͏ product͏͏ portfolio͏͏ that͏͏ includes͏͏ six͏͏ beauty͏͏ and͏͏ personal͏͏ care͏͏ brands:͏͏ Mamaearth,͏͏ The͏͏ Derma͏͏ Co.,͏͏ Aqualogica,͏͏ Ayuga,͏͏ BBlunt,͏͏ and͏͏ Dr.͏͏ Sheth’s.

Continue͏͏ Exploring:͏͏ Mamaearth parent Honasa Consumer ordered͏͏ to͏͏ pay͏͏ INR͏͏ 56.6͏͏ Crores͏͏ compensation͏͏ to͏͏ UAE͏͏ distributor

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