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The Organic World enters Hyderabad, bringing healthier choices to consumers

The Organic World

The Organic World (TOW), a South Indian grocery retail chain and flagship brand of Nimida Group, has opened its first store in Hyderabad,͏͏ located͏͏ in͏͏ Pragathi͏͏ Nagar.

Ambitious͏͏ Growth͏͏ Plans:

This͏͏ launch͏͏ aligns͏͏ with͏͏ the͏͏ company’s͏͏ goal͏͏ of͏͏ reaching͏͏ INR͏͏ 100͏͏ crore͏͏ or͏͏ establishing͏͏ 100͏͏ stores͏͏ by͏͏ the͏͏ end͏͏ of͏͏ 2025.

“Our͏͏ Hyderabad͏͏ store͏͏ is͏͏ just͏͏ the͏͏ beginning,”͏͏ said͏͏ Gaurav͏͏ Manchanda,͏͏ founder͏͏ of͏͏ Nimida͏͏ Group.͏͏ “With͏͏ more͏͏ than͏͏ 3,000͏͏ worry-free,͏͏ wholesome,͏͏ and͏͏ curated͏͏ grocery͏͏ options,͏͏ we͏͏ are͏͏ thrilled͏͏ to͏͏ empower͏͏ consumers͏͏ to͏͏ adopt͏͏ a͏͏ healthier͏͏ and͏͏ safer͏͏ lifestyle,͏͏ free͏͏ from͏͏ harmful͏͏ chemicals.”

Continue͏͏ Exploring:͏͏ The Organic World expands͏͏ millet͏͏ range͏͏ with͏͏ 11͏͏ new͏͏ categories,͏͏ adding͏͏ 70+͏͏ SKUs

Future͏͏ Expansion͏͏ into͏͏ Key͏͏ Markets:

The͏͏ organic͏͏ retailer͏͏ plans͏͏ to͏͏ expand͏͏ into͏͏ key͏͏ markets͏͏ such͏͏ as͏͏ Bengaluru,͏͏ Mysore,͏͏ Pune,͏͏ and͏͏ several͏͏ tier͏͏ 2͏͏ and͏͏ tier͏͏ 3͏͏ cities͏͏ across͏͏ India.

Founded͏͏ in͏͏ 2017,͏͏ TOW͏͏ currently͏͏ operates͏͏ 23͏͏ retail͏͏ stores͏͏ in͏͏ Bengaluru͏͏ and͏͏ Hyderabad,͏͏ providing͏͏ nearly͏͏ 3,000͏͏ products͏͏ across͏͏ food,͏͏ grocery,͏͏ personal͏͏ care,͏͏ and͏͏ home͏͏ care͏͏ categories.

Financial͏͏ Targets͏͏ Set͏͏ for͏͏ FY͏͏ 2025:

The͏͏ Bengaluru-based͏͏ company͏͏ aims͏͏ to͏͏ achieve͏͏ approximately͏͏ INR͏͏ 60͏͏ crore͏͏ by͏͏ the͏͏ end͏͏ of͏͏ fiscal͏͏ year͏͏ (FY)͏͏ 2025,͏͏ an͏͏ increase͏͏ from͏͏ about͏͏ INR͏͏ 35͏͏ crore͏͏ in͏͏ FY24,͏͏ according͏͏ to͏͏ Manchanda.

Continue͏͏ Exploring:͏͏ The Organic World to͏͏ expand͏͏ to͏͏ 100͏͏ stores͏͏ by͏͏ FY26,͏͏ targets͏͏ Hyderabad,͏͏ Chennai,͏͏ and͏͏ Pune

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International footwear brands unlikely to lower prices for Indian consumers: Nuvama Report

footwear

International footwear brands shifting their third-party operations to India are not expected to lower product prices for Indian consumers, as noted in Nuvama‘s September report on footwear trends.

Outsourcing͏͏ is͏͏ primarily͏͏ focused͏͏ on͏͏ achieving͏͏ cost͏͏ efficiency͏͏ in͏͏ international͏͏ markets,͏͏ rather͏͏ than͏͏ delivering͏͏ lower͏͏ prices͏͏ to͏͏ domestic͏͏ consumers,͏͏ according͏͏ to͏͏ the͏͏ report.

The͏͏ report͏͏ notes͏͏ that͏͏ international͏͏ companies͏͏ like͏͏ Nike͏͏ and͏͏ Adidas͏͏ have͏͏ been͏͏ outsourcing͏͏ manufacturing͏͏ to͏͏ Apache͏͏ Footwear͏͏ in͏͏ Hyderabad͏͏ since͏͏ 2008,͏͏ primarily͏͏ to͏͏ serve͏͏ their͏͏ international͏͏ markets.

Global͏͏ Pricing͏͏ Strategies͏͏ Remain͏͏ Firm:

However,͏͏ despite͏͏ outsourcing͏͏ manufacturing͏͏ to͏͏ India,͏͏ which͏͏ offers͏͏ a͏͏ more͏͏ cost-effective͏͏ alternative͏͏ to͏͏ production͏͏ abroad,͏͏ Nike͏͏ and͏͏ Adidas͏͏ have͏͏ not͏͏ reduced͏͏ prices͏͏ globally.

The͏͏ report͏͏ states,͏͏ “Based͏͏ on͏͏ this͏͏ information,͏͏ we͏͏ believe͏͏ that͏͏ international͏͏ players͏͏ who͏͏ have͏͏ relocated͏͏ their͏͏ third-party͏͏ operations͏͏ to͏͏ India͏͏ are͏͏ unlikely͏͏ to͏͏ pass͏͏ on͏͏ the͏͏ benefits͏͏ of͏͏ reduced͏͏ production͏͏ costs͏͏ to͏͏ Indian͏͏ consumers͏͏ in͏͏ the͏͏ future.”

Regulatory͏͏ Changes͏͏ Impacting͏͏ Quality͏͏ Control:

On͏͏ 30th͏͏ August͏͏ 2024,͏͏ the͏͏ Ministry͏͏ of͏͏ Commerce͏͏ and͏͏ Industry͏͏ revised͏͏ the͏͏ Footwear͏͏ Quality͏͏ Control͏͏ Order͏͏ (QCO),͏͏ granting͏͏ footwear͏͏ manufacturers͏͏ and͏͏ retailers͏͏ a͏͏ transition͏͏ period͏͏ until͏͏ 31st͏͏ July͏͏ 2026͏͏ to͏͏ sell͏͏ products͏͏ that͏͏ do͏͏ not͏͏ display͏͏ the͏͏ Bureau͏͏ of͏͏ Indian͏͏ Standards͏͏ (BIS)͏͏ mark.

Continue͏͏ Exploring:͏͏ Global͏͏ fashion͏͏ giants͏͏ struggle͏͏ as͏͏ India͏͏ mandates͏͏ BIS͏͏ certification͏͏ for͏͏ footwear production

After͏͏ this͏͏ period,͏͏ all͏͏ footwear͏͏ sold͏͏ in͏͏ the͏͏ domestic͏͏ market͏͏ must͏͏ comply͏͏ with͏͏ BIS͏͏ standards.͏͏ However,͏͏ the͏͏ extension͏͏ is͏͏ limited͏͏ to͏͏ sales͏͏ and͏͏ does͏͏ not͏͏ apply͏͏ to͏͏ the͏͏ procurement͏͏ of͏͏ new͏͏ merchandise,͏͏ which͏͏ will͏͏ conclude͏͏ on͏͏ 31st͏͏ July͏͏ 2024.

Local͏͏ production͏͏ in͏͏ India͏͏ is͏͏ anticipated͏͏ to͏͏ further͏͏ expand͏͏ the͏͏ supply͏͏ chain͏͏ footprint͏͏ of͏͏ international͏͏ brands͏͏ like͏͏ Nike͏͏ and͏͏ Adidas;͏͏ however,͏͏ it͏͏ is͏͏ unlikely͏͏ to͏͏ narrow͏͏ the͏͏ price͏͏ gap͏͏ between͏͏ mid-premium͏͏ local͏͏ brands͏͏ and͏͏ their͏͏ international͏͏ counterparts.

Price͏͏ differences͏͏ will͏͏ remain,͏͏ as͏͏ these͏͏ companies͏͏ prioritize͏͏ their͏͏ global͏͏ pricing͏͏ strategies͏͏ and͏͏ profitability͏͏ over͏͏ adjusting͏͏ prices͏͏ for͏͏ local͏͏ markets.

Although͏͏ local͏͏ procurement͏͏ of͏͏ materials͏͏ such͏͏ as͏͏ PVC͏͏ and͏͏ PU͏͏ is͏͏ still͏͏ in͏͏ its͏͏ early͏͏ stages͏͏ in͏͏ India,͏͏ the͏͏ increasing͏͏ number͏͏ of͏͏ third-party͏͏ operations͏͏ offers͏͏ a͏͏ substantial͏͏ opportunity͏͏ for͏͏ local͏͏ raw͏͏ material͏͏ suppliers.

Global͏͏ OEMs͏͏ such͏͏ as͏͏ Shoetown,͏͏ Feng͏͏ Tay,͏͏ Pou͏͏ Chen,͏͏ and͏͏ Apache͏͏ have͏͏ concentrated͏͏ exclusively͏͏ on͏͏ manufacturing͏͏ while͏͏ steering͏͏ clear͏͏ of͏͏ retail͏͏ operations.

As͏͏ companies͏͏ enhance͏͏ their͏͏ back-end͏͏ processes͏͏ and͏͏ work͏͏ to͏͏ streamline͏͏ non-core͏͏ inventory,͏͏ the͏͏ sector͏͏ encounters͏͏ a͏͏ combination͏͏ of͏͏ challenges͏͏ and͏͏ opportunities.

Continue͏͏ Exploring:͏͏ India’s͏͏ footwear market͏͏ set͏͏ for͏͏ double-digit͏͏ growth,͏͏ expected͏͏ to͏͏ reach͏͏ INR͏͏ 191K͏͏ Crore͏͏ by͏͏ FY͏͏ 2028:͏͏ 1Lattice͏͏ Report

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Tiger Global-backed Wow Momo Foods eyes IPO within the next two years

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Wow Momo

Fast-food chain Wow Momo Foods plans to launch an initial public offering (IPO) within the next two years, according to its CEO, Sagar Daryani. The͏͏ popular͏͏ dumpling͏͏ brand͏͏ aims͏͏ to͏͏ mirror͏͏ the͏͏ swift͏͏ growth͏͏ of͏͏ Domino’s͏͏ Pizza͏͏ in͏͏ the͏͏ world’s͏͏ most͏͏ populous͏͏ nation,͏͏ as͏͏ reported͏͏ by͏͏ Reuters.

Rapid͏͏ Growth͏͏ in͏͏ India’s͏͏ Fast-Food͏͏ Sector:

India’s͏͏ USD͏͏ 5͏͏ billion͏͏ fast-food͏͏ industry͏͏ has͏͏ witnessed͏͏ remarkable͏͏ expansion,͏͏ spurred͏͏ by͏͏ a͏͏ surge͏͏ in͏͏ demand͏͏ from͏͏ low-͏͏ and͏͏ middle-income͏͏ families.

Valued͏͏ at͏͏ INR͏͏ 25͏͏ billion͏͏ (USD͏͏ 299.33͏͏ million)͏͏ and͏͏ boasting͏͏ a͏͏ network͏͏ of͏͏ 650͏͏ stores,͏͏ Wow͏͏ Momo͏͏ aims͏͏ to͏͏ be͏͏ the͏͏ first͏͏ major͏͏ local͏͏ fast-food͏͏ chain͏͏ to͏͏ go͏͏ public,͏͏ capitalising͏͏ on͏͏ this͏͏ shift͏͏ in͏͏ consumer͏͏ behaviour.

Revenue͏͏ Growth͏͏ Targets:

Tiger͏͏ Global-backed͏͏ Wow͏͏ Momo,͏͏ which͏͏ reported͏͏ revenue͏͏ of͏͏ nearly͏͏ INR͏͏ 4.8͏͏ billion͏͏ (USD͏͏ 57.47͏͏ million)͏͏ for͏͏ the͏͏ fiscal͏͏ year͏͏ ending͏͏ in͏͏ March,͏͏ aims͏͏ to͏͏ double͏͏ its͏͏ revenue͏͏ to͏͏ INR͏͏ 10͏͏ billion͏͏ over͏͏ the͏͏ next͏͏ 30͏͏ months,͏͏ according͏͏ to͏͏ co-founder͏͏ and͏͏ CEO͏͏ Sagar͏͏ Daryani.

“The͏͏ public͏͏ markets͏͏ are͏͏ experiencing͏͏ significant͏͏ growth…͏͏ The͏͏ IPO͏͏ of͏͏ a͏͏ homegrown͏͏ fast-food͏͏ chain͏͏ in͏͏ India͏͏ will͏͏ transform͏͏ the͏͏ landscape͏͏ for͏͏ the͏͏ fast-food͏͏ industry͏͏ in͏͏ the͏͏ country,”͏͏ Daryani͏͏ stated.

Continue͏͏ Exploring:͏͏ Wow!͏͏ Momo diversifies͏͏ portfolio,͏͏ enters͏͏ dessert͏͏ segment͏͏ with͏͏ Wow!͏͏ Kulfi͏͏ launch͏͏ in͏͏ Kolkata

Thriving͏͏ Public͏͏ Markets:

India’s͏͏ booming͏͏ stock͏͏ market͏͏ has͏͏ reached͏͏ record͏͏ highs͏͏ over͏͏ 50͏͏ times͏͏ this͏͏ year,͏͏ with͏͏ nearly͏͏ 200͏͏ companies,͏͏ including͏͏ e-scooter͏͏ manufacturer͏͏ Ola͏͏ Electric͏͏ and͏͏ telecom͏͏ operator͏͏ Bharti͏͏ Hexacom,͏͏ raising͏͏ billions.

In͏͏ the͏͏ restaurant͏͏ sector,͏͏ franchisees͏͏ of͏͏ Western͏͏ brands͏͏ such͏͏ as͏͏ KFC,͏͏ McDonald’s,͏͏ Burger͏͏ King,͏͏ and͏͏ Domino’s͏͏ have͏͏ entered͏͏ the͏͏ public͏͏ market͏͏ over͏͏ the͏͏ past͏͏ decade.͏͏ One͏͏ of͏͏ the͏͏ latest͏͏ local͏͏ listings͏͏ was͏͏ Barbeque-Nation͏͏ Hospitality,͏͏ which͏͏ went͏͏ public͏͏ three͏͏ years͏͏ ago.

Shares͏͏ of͏͏ Barbeque-Nation,͏͏ based͏͏ in͏͏ Bengaluru,͏͏ Karnataka,͏͏ have͏͏ risen͏͏ nearly͏͏ 28%͏͏ from͏͏ their͏͏ IPO͏͏ price,͏͏ despite͏͏ facing͏͏ challenges͏͏ with͏͏ foot͏͏ traffic͏͏ amid͏͏ inflation-weary͏͏ consumers.

Daryani͏͏ expressed͏͏ his͏͏ intention͏͏ to͏͏ emulate͏͏ the͏͏ success͏͏ of͏͏ Jubilant͏͏ FoodWorks,͏͏ which͏͏ has͏͏ grown͏͏ Domino’s͏͏ from͏͏ a͏͏ single͏͏ store͏͏ in͏͏ India͏͏ in͏͏ 1996͏͏ to͏͏ more͏͏ than͏͏ 1,800͏͏ outlets.

Wow͏͏ Momo,͏͏ which͏͏ sells͏͏ savoury͏͏ dumplings͏͏ priced͏͏ between͏͏ INR͏͏ 109-369͏͏ (USD͏͏ 1.31-$4.42)͏͏ per͏͏ serving,͏͏ aims͏͏ to͏͏ expand͏͏ its͏͏ store͏͏ count͏͏ to͏͏ 1,000͏͏ and͏͏ achieve͏͏ profitability͏͏ based͏͏ on͏͏ a͏͏ core͏͏ earnings͏͏ metric͏͏ within͏͏ the͏͏ next͏͏ two͏͏ years.

Positive͏͏ Sales͏͏ Momentum:

Although͏͏ the͏͏ company͏͏ saw͏͏ a͏͏ decline͏͏ in͏͏ same-store͏͏ sales͏͏ from͏͏ October͏͏ to͏͏ May,͏͏ reflecting͏͏ a͏͏ wider͏͏ slowdown͏͏ in͏͏ the͏͏ Indian͏͏ fast-food͏͏ sector,͏͏ sales͏͏ have͏͏ since͏͏ rebounded,͏͏ becoming͏͏ positive͏͏ from͏͏ June͏͏ to͏͏ September,͏͏ Daryani͏͏ noted.

Continue͏͏ Exploring:͏͏ Wow Momo surpasses͏͏ INR͏͏ 400͏͏ Cr͏͏ revenue͏͏ mark͏͏ in͏͏ FY23͏͏ with͏͏ 88%͏͏ growth

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Meesho partners with D2C brands ahead of festive season to boost offerings

Meesho

Enhancing its offerings on Meesho Mall, the e-commerce giant has announced partnerships with D2C brands including Mamaearth, Denver, Himalaya, Bajaj, Joy, Lotus Herbals, Biotique, Bata, Paragon, Relaxo, Liberty, and others.

Targeting͏͏ Tier͏͏ 2͏͏ Markets:

Through͏͏ this͏͏ partnership,͏͏ the͏͏ brands͏͏ aim͏͏ to͏͏ expand͏͏ their͏͏ presence͏͏ across͏͏ tier͏͏ 2͏͏ and͏͏ beyond͏͏ in͏͏ India.

Megha͏͏ Agarwal,͏͏ GM͏͏ of͏͏ Meesho,͏͏ stated,͏͏ “We͏͏ are͏͏ excited͏͏ to͏͏ welcome͏͏ these͏͏ esteemed͏͏ brands͏͏ to͏͏ our͏͏ platform.͏͏ In͏͏ just͏͏ the͏͏ past͏͏ six͏͏ months,͏͏ Meesho͏͏ Mall͏͏ has͏͏ attracted͏͏ 3.2͏͏ crore͏͏ shoppers,͏͏ highlighting͏͏ the͏͏ growing͏͏ consumer͏͏ trust.͏͏ With͏͏ the͏͏ addition͏͏ of͏͏ these͏͏ new͏͏ branded͏͏ offerings,͏͏ we͏͏ are͏͏ confident͏͏ that͏͏ our͏͏ customers͏͏ will͏͏ value͏͏ the͏͏ increased͏͏ variety͏͏ and͏͏ high-quality͏͏ brands.”

Continue͏͏ Exploring:͏͏ 60%͏͏ of͏͏ consumers͏͏ plan͏͏ to͏͏ boost͏͏ online͏͏ shopping͏͏ budgets͏͏ this͏͏ festive͏͏ season:͏͏ Meesho Survey

Impressive͏͏ Growth͏͏ in͏͏ Brand͏͏ Partnerships:

Meesho͏͏ Mall͏͏ boasts͏͏ a͏͏ portfolio͏͏ of͏͏ over͏͏ 1,000͏͏ national,͏͏ D2C,͏͏ and͏͏ regional͏͏ brands.͏͏ The͏͏ company͏͏ reported͏͏ a͏͏ ten-fold͏͏ increase͏͏ in͏͏ brand͏͏ partnerships͏͏ since͏͏ its͏͏ launch,͏͏ with͏͏ nearly͏͏ 75͏͏ percent͏͏ of͏͏ orders͏͏ originating͏͏ from͏͏ tier͏͏ 2͏͏ and͏͏ beyond͏͏ markets.͏͏ Since͏͏ August͏͏ 2023,͏͏ Meesho͏͏ Mall͏͏ has͏͏ seen͏͏ nearly͏͏ double͏͏ the͏͏ order͏͏ growth,͏͏ according͏͏ to͏͏ the͏͏ e-tailer.

Zairus͏͏ Master,͏͏ CBO͏͏ of͏͏ Honasa͏͏ Consumer,͏͏ stated,͏͏ “We͏͏ are͏͏ thrilled͏͏ to͏͏ introduce͏͏ Mamaearth’s͏͏ products͏͏ to͏͏ Meesho͏͏ Mall͏͏ and͏͏ to͏͏ further͏͏ extend͏͏ our͏͏ reach,͏͏ especially͏͏ in͏͏ areas͏͏ where͏͏ access͏͏ to͏͏ branded,͏͏ high-quality͏͏ personal͏͏ care͏͏ products͏͏ has͏͏ been͏͏ limited.”

Meesho͏͏ Mall͏͏ was͏͏ initially͏͏ launched͏͏ in͏͏ categories͏͏ like͏͏ personal͏͏ care,͏͏ footwear,͏͏ and͏͏ fashion,͏͏ and͏͏ has͏͏ since͏͏ broadened͏͏ its͏͏ offerings͏͏ to͏͏ encompass͏͏ 30͏͏ categories.͏͏ The͏͏ brand͏͏ now͏͏ caters͏͏ to͏͏ a͏͏ range͏͏ of͏͏ sectors,͏͏ including͏͏ electronics,͏͏ health͏͏ and͏͏ wellness,͏͏ men’s͏͏ and͏͏ women’s͏͏ accessories,͏͏ kitchen͏͏ utilities,͏͏ grocery,͏͏ and͏͏ sports͏͏ and͏͏ fitness.

Continue͏͏ Exploring:͏͏ Meesho enables͏͏ 8.5͏͏ lakh͏͏ seasonal͏͏ jobs͏͏ for͏͏ festival͏͏ season,͏͏ focusing͏͏ on͏͏ tier-3͏͏ and͏͏ tier-4͏͏ cities

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Footwear brand Aquazzura opens first boutique in India at New Delhi’s Chanakya Mall

Aquazzura

Aquazzura has opened its first retail store in India at Chanakya Mall in New Delhi, collaborating with DS Luxury Retail Limited, a subsidiary of the Dharampal Satyapal Group (DS Group). This͏͏ boutique͏͏ introduces͏͏ Aquazzura’s͏͏ unique͏͏ style͏͏ to͏͏ the͏͏ Indian͏͏ market,͏͏ blending͏͏ modern͏͏ elegance͏͏ with͏͏ timeless͏͏ Italian͏͏ design.

The͏͏ store’s͏͏ design͏͏ is͏͏ inspired͏͏ by͏͏ an͏͏ Italian͏͏ garden,͏͏ incorporating͏͏ decor͏͏ elements͏͏ that͏͏ capture͏͏ the͏͏ sunny͏͏ essence͏͏ of͏͏ blooming͏͏ flowers͏͏ and͏͏ fruit.͏͏ The͏͏ boutique͏͏ boasts͏͏ three͏͏ arched͏͏ windows͏͏ and͏͏ a͏͏ central͏͏ theme͏͏ of͏͏ geometric͏͏ trellis͏͏ patterns,͏͏ which͏͏ are͏͏ reflected͏͏ in͏͏ various͏͏ forms͏͏ throughout͏͏ the͏͏ space.

Unique͏͏ Decor͏͏ and͏͏ Vibrant͏͏ Details͏͏ at͏͏ Aquazzura:

The͏͏ ceiling͏͏ showcases͏͏ hand-painted͏͏ branches͏͏ intertwined͏͏ with͏͏ flowers,͏͏ oranges,͏͏ and͏͏ lemons,͏͏ creating͏͏ a͏͏ vibrant͏͏ yet͏͏ structured͏͏ motif.͏͏ Aquazzura’s͏͏ signature͏͏ pineapples͏͏ add͏͏ a͏͏ playful͏͏ touch͏͏ to͏͏ the͏͏ decor,͏͏ complemented͏͏ by͏͏ aqua-colored͏͏ displays,͏͏ green͏͏ marble͏͏ accents,͏͏ and͏͏ gold-bordered͏͏ shelves.͏͏ The͏͏ displays͏͏ are͏͏ further͏͏ enhanced͏͏ with͏͏ shell-shaped͏͏ stone͏͏ ornaments.

Continue͏͏ Exploring:͏͏ Footwear brand͏͏ HeyDude͏͏ enters͏͏ Indian͏͏ market͏͏ through͏͏ Metro͏͏ Brands͏͏ partnership

Edgardo͏͏ Osorio,͏͏ Founder͏͏ and͏͏ Creative͏͏ Director͏͏ of͏͏ Aquazzura,͏͏ expressed,͏͏ “India͏͏ is͏͏ one͏͏ of͏͏ my͏͏ favorite͏͏ happy͏͏ places,͏͏ a͏͏ destination͏͏ I͏͏ visit͏͏ annually͏͏ for͏͏ inspiration,͏͏ to͏͏ explore͏͏ new͏͏ locations,͏͏ enjoy͏͏ wonderful͏͏ food,͏͏ and͏͏ have͏͏ fun.͏͏ Opening͏͏ our͏͏ first͏͏ boutique͏͏ in͏͏ India͏͏ at͏͏ The͏͏ Chanakya͏͏ in͏͏ Delhi͏͏ is͏͏ a͏͏ dream͏͏ come͏͏ true.͏͏ Designed͏͏ by͏͏ my͏͏ friend͏͏ Marie-Anne͏͏ Oudejans,͏͏ the͏͏ boutique͏͏ embodies͏͏ our͏͏ shared͏͏ vision͏͏ of͏͏ an͏͏ indoor͏͏ shoe͏͏ garden.͏͏ Through͏͏ our͏͏ work,͏͏ we͏͏ aim͏͏ to͏͏ bring͏͏ joy͏͏ and͏͏ elegance͏͏ to͏͏ Indian͏͏ women.”

DS Luxury Retail’s͏͏ Strategic͏͏ Milestone:

Ritesh͏͏ Kumar͏͏ of͏͏ DS͏͏ Luxury͏͏ Retail͏͏ stated,͏͏ “DS͏͏ Luxury,͏͏ a͏͏ part͏͏ of͏͏ the͏͏ DS͏͏ Group,͏͏ is͏͏ thrilled͏͏ to͏͏ announce͏͏ the͏͏ opening͏͏ of͏͏ India’s͏͏ first͏͏ Aquazzura͏͏ boutique͏͏ at͏͏ The͏͏ Chanakya.͏͏ This͏͏ represents͏͏ a͏͏ significant͏͏ milestone͏͏ for͏͏ us͏͏ as͏͏ we͏͏ work͏͏ to͏͏ introduce͏͏ the͏͏ most͏͏ sought-after͏͏ luxury͏͏ brands͏͏ to͏͏ the͏͏ Indian͏͏ market.͏͏ Aquazzura,͏͏ known͏͏ for͏͏ its͏͏ exquisite͏͏ craftsmanship,͏͏ sophisticated͏͏ details,͏͏ and͏͏ innovative͏͏ designs,͏͏ embodies͏͏ modern͏͏ elegance͏͏ and͏͏ timeless͏͏ Italian͏͏ style͏͏ while͏͏ providing͏͏ ultimate͏͏ comfort͏͏ in͏͏ women’s͏͏ footwear.͏͏ We͏͏ are͏͏ confident͏͏ that͏͏ our͏͏ patrons͏͏ will͏͏ value͏͏ the͏͏ brand’s͏͏ sophistication͏͏ and͏͏ exclusivity.”

Aquazzura’s͏͏ New͏͏ Delhi͏͏ store͏͏ offers͏͏ a͏͏ unique͏͏ retail͏͏ experience͏͏ in͏͏ India,͏͏ merging͏͏ the͏͏ brand’s͏͏ celebrated͏͏ craftsmanship͏͏ with͏͏ a͏͏ meticulously͏͏ designed͏͏ boutique͏͏ that͏͏ embodies͏͏ the͏͏ essence͏͏ of͏͏ Italian͏͏ luxury.

Continue͏͏ Exploring:͏͏ Footwear retailer͏͏ Metro͏͏ Brands͏͏ to͏͏ open͏͏ 225͏͏ new͏͏ stores,͏͏ aims͏͏ for͏͏ 10-15%͏͏ sales͏͏ growth

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Bikano launches new manufacturing facility in Greater Noida with INR 300 Cr investment

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Bikano

Snacks and packaged food manufacturer Bikano has launched a new manufacturing facility in Jewar, Greater Noida,͏͏ with͏͏ an͏͏ investment͏͏ of͏͏ over͏͏ INR͏͏ 300͏͏ crore.

Boosting͏͏ Production͏͏ Capacity:

The͏͏ plant͏͏ aims͏͏ to͏͏ boost͏͏ the͏͏ snack͏͏ brand’s͏͏ production͏͏ capacity,͏͏ enhance͏͏ supply͏͏ chain͏͏ efficiency,͏͏ and͏͏ meet͏͏ the͏͏ rising͏͏ demand͏͏ for͏͏ its͏͏ products͏͏ in͏͏ northern͏͏ and͏͏ eastern͏͏ India.

Continue͏͏ Exploring:͏͏ Bikano expands͏͏ portfolio͏͏ with͏͏ Bombay͏͏ Mixture,͏͏ eyes͏͏ increased͏͏ market͏͏ share

INR͏͏ 300͏͏ Crore͏͏ Turnover͏͏ Target:

Additionally,͏͏ the͏͏ new͏͏ facility͏͏ aims͏͏ to͏͏ help͏͏ the͏͏ brand͏͏ achieve͏͏ a͏͏ turnover͏͏ of͏͏ over͏͏ INR͏͏ 300͏͏ crore͏͏ in͏͏ FY͏͏ 24-25,͏͏ while͏͏ cutting͏͏ transportation͏͏ costs͏͏ and͏͏ enhancing͏͏ service͏͏ delivery͏͏ to͏͏ customers͏͏ in͏͏ tier͏͏ 2͏͏ and͏͏ 3͏͏ cities.

Manish͏͏ Aggarwal,͏͏ Director͏͏ of͏͏ Bikano,͏͏ Bikanervala͏͏ Foods,͏͏ stated,͏͏ “This͏͏ facility͏͏ is͏͏ vital͏͏ to͏͏ our͏͏ expansion͏͏ plans,͏͏ allowing͏͏ us͏͏ to͏͏ meet͏͏ growing͏͏ demand͏͏ and͏͏ serve͏͏ our͏͏ customers͏͏ more͏͏ efficiently.”

The͏͏ new͏͏ manufacturing͏͏ plant͏͏ was͏͏ virtually͏͏ launched͏͏ by͏͏ Prime͏͏ Minister͏͏ Narendra͏͏ Modi͏͏ during͏͏ the͏͏ World͏͏ Food͏͏ India͏͏ 2024͏͏ event͏͏ at͏͏ Pragati͏͏ Maidan,͏͏ New͏͏ Delhi.

Continue͏͏ Exploring:͏͏ Bikano expands͏͏ portfolio͏͏ with͏͏ ‘Madras’͏͏ and͏͏ ‘Kerala’͏͏ flavor͏͏ mixtures,͏͏ targets͏͏ 2-4%͏͏ market͏͏ share͏͏ in͏͏ Southern͏͏ India

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EaseMyTrip signs exclusive deal with PhonePe for hotel listings

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EaseMyTrip

Following the sale of half of his stake for INR 920 crore by cofounder and CEO Nishant Pitti, online travel aggregator Easemytrip has announced a partnership with PhonePe to exclusively feature its hotels on the fintech app.

In͏͏ a͏͏ filing͏͏ on͏͏ Thursday,͏͏ the͏͏ travel͏͏ tech͏͏ major͏͏ stated͏͏ that͏͏ it͏͏ has͏͏ entered͏͏ into͏͏ an͏͏ exclusive͏͏ partnership͏͏ with͏͏ PhonePe͏͏ to͏͏ launch͏͏ its͏͏ “hotels͏͏ segment”͏͏ on͏͏ the͏͏ fintech͏͏ platform.

Enhanced͏͏ Travel͏͏ Services͏͏ for͏͏ PhonePe Users:

Under͏͏ this͏͏ agreement,͏͏ PhonePe͏͏ users͏͏ will͏͏ have͏͏ access͏͏ to͏͏ services͏͏ offered͏͏ by͏͏ EaseMyTrip,͏͏ including͏͏ hotel͏͏ deals,͏͏ special͏͏ offers,͏͏ cab͏͏ services,͏͏ and͏͏ more.

The͏͏ collaboration͏͏ aims͏͏ to͏͏ leverage͏͏ EaseMyTrip’s͏͏ extensive͏͏ offerings͏͏ in͏͏ the͏͏ travel͏͏ tech͏͏ space͏͏ alongside͏͏ PhonePe’s͏͏ user͏͏ base͏͏ to͏͏ enhance͏͏ accessibility͏͏ and͏͏ attract͏͏ more͏͏ users.

Continue͏͏ Exploring:͏͏ PhonePe’s͏͏ Pincode͏͏ streamlines͏͏ e-commerce͏͏ strategy,͏͏ exits͏͏ non-food͏͏ categories͏͏ on͏͏ ONDC͏͏ network

Promising͏͏ Growth͏͏ Ahead:

“Integrating͏͏ these͏͏ segments͏͏ with͏͏ PhonePe͏͏ allows͏͏ us͏͏ to͏͏ expand͏͏ our͏͏ reach͏͏ while͏͏ providing͏͏ users͏͏ with͏͏ the͏͏ best͏͏ deals͏͏ and͏͏ a͏͏ seamless͏͏ booking͏͏ experience.͏͏ We͏͏ are͏͏ excited͏͏ to͏͏ grow͏͏ this͏͏ partnership͏͏ and͏͏ introduce͏͏ more͏͏ services͏͏ on͏͏ the͏͏ PhonePe͏͏ platform͏͏ to͏͏ enhance͏͏ our͏͏ customers’͏͏ travel͏͏ experiences,”͏͏ said͏͏ EaseMyTrip͏͏ cofounder͏͏ Rikant͏͏ Pittie.

Commenting͏͏ on͏͏ the͏͏ partnership,͏͏ PhonePe’s͏͏ Chief͏͏ Business͏͏ Officer͏͏ of͏͏ Consumer͏͏ Payments,͏͏ Sonika͏͏ Chandra,͏͏ said,͏͏ “As͏͏ Indians͏͏ increasingly͏͏ travel͏͏ for͏͏ leisure͏͏ both͏͏ domestically͏͏ and͏͏ abroad,͏͏ this͏͏ collaboration͏͏ is͏͏ part͏͏ of͏͏ our͏͏ strategy͏͏ to͏͏ offer͏͏ our͏͏ 560+͏͏ million͏͏ users͏͏ the͏͏ best͏͏ travel͏͏ booking͏͏ experience͏͏ available͏͏ in͏͏ India.”

Following͏͏ the͏͏ announcement,͏͏ shares͏͏ of͏͏ the͏͏ travel͏͏ tech͏͏ major͏͏ were͏͏ trading͏͏ up͏͏ by͏͏ 5.83%͏͏ on͏͏ the͏͏ BSE͏͏ at͏͏ 1:25͏͏ PM.

This͏͏ follows͏͏ a͏͏ day͏͏ when͏͏ EaseMyTrip͏͏ shares͏͏ hit͏͏ the͏͏ 20%͏͏ lower͏͏ circuit͏͏ and͏͏ fell͏͏ to͏͏ INR͏͏ 32.78͏͏ each͏͏ on͏͏ the͏͏ BSE͏͏ during͏͏ early͏͏ trading͏͏ hours.

Continue͏͏ Exploring:͏͏ EaseMyTrip’s͏͏ CheQin.ai͏͏ unveils͏͏ AI-driven͏͏ upgrades͏͏ to͏͏ transform͏͏ hotel͏͏ booking͏͏ experience

This͏͏ circuit͏͏ hit͏͏ followed͏͏ cofounder͏͏ and͏͏ CEO͏͏ Nishant͏͏ Pitti’s͏͏ sale͏͏ of͏͏ 24.65͏͏ crore͏͏ shares͏͏ of͏͏ the͏͏ travel͏͏ tech͏͏ startup͏͏ through͏͏ multiple͏͏ block͏͏ deals͏͏ for͏͏ INR͏͏ 920͏͏ crore,͏͏ reducing͏͏ his͏͏ stake͏͏ to͏͏ 14%͏͏ from͏͏ over͏͏ 28%͏͏ at͏͏ the͏͏ end͏͏ of͏͏ the͏͏ June͏͏ quarter.

Founded͏͏ in͏͏ 2008͏͏ by͏͏ siblings͏͏ Nishant,͏͏ Rikant,͏͏ and͏͏ Prashant͏͏ Pitti,͏͏ EaseMyTrip͏͏ started͏͏ as͏͏ an͏͏ online͏͏ travel͏͏ agency͏͏ and͏͏ has͏͏ since͏͏ diversified͏͏ into͏͏ insurtech͏͏ and͏͏ electric͏͏ bus͏͏ manufacturing.

Financial͏͏ Recovery:͏͏ A͏͏ Positive͏͏ Turn͏͏ for͏͏ EaseMyTrip in͏͏ Q1͏͏ FY25

Following͏͏ a͏͏ net͏͏ loss͏͏ of͏͏ INR͏͏ 15͏͏ crore͏͏ in͏͏ Q4͏͏ FY24,͏͏ the͏͏ listed͏͏ online͏͏ travel͏͏ aggregator͏͏ bounced͏͏ back͏͏ in͏͏ Q1͏͏ FY25,͏͏ recording͏͏ a͏͏ net͏͏ profit͏͏ of͏͏ INR͏͏ 33.9͏͏ crore.

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Drone Destination partners with DeHaat to empower Indian farmers with drone solutions

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Drone Destination DeHaat

Drone startup Drone Destination has inked a Memorandum of Understanding (MoU) with agritech firm DeHaat to provide drone solutions for Indian farmers.

Innovative͏͏ Drone Spraying͏͏ Services͏͏ for͏͏ Farmers:

The͏͏ partnership͏͏ will͏͏ allow͏͏ Drone͏͏ Destination͏͏ to͏͏ offer͏͏ drone͏͏ spraying͏͏ services͏͏ while͏͏ promoting͏͏ DeHaat’s͏͏ range͏͏ of͏͏ products,͏͏ including͏͏ seeds͏͏ and͏͏ fertilisers,͏͏ throughout͏͏ rural͏͏ India.͏͏ The͏͏ drone͏͏ tech͏͏ startup͏͏ announced͏͏ plans͏͏ to͏͏ deploy͏͏ its͏͏ fleet͏͏ of͏͏ nearly͏͏ 250͏͏ drones͏͏ nationwide͏͏ for͏͏ this͏͏ initiative.

Through͏͏ its͏͏ network͏͏ of͏͏ over͏͏ 14,000͏͏ centres,͏͏ the͏͏ agritech͏͏ startup͏͏ will͏͏ generate͏͏ leads͏͏ for͏͏ drone͏͏ services͏͏ and͏͏ provide͏͏ agricultural͏͏ solutions͏͏ directly͏͏ to͏͏ end-users.͏͏ As͏͏ part͏͏ of͏͏ the͏͏ collaboration,͏͏ the͏͏ drone͏͏ startup͏͏ announced͏͏ that͏͏ DeHaat’s͏͏ app͏͏ will͏͏ be͏͏ integrated͏͏ with͏͏ Drone͏͏ Destination’s͏͏ platform͏͏ to͏͏ enable͏͏ seamless͏͏ operations͏͏ and͏͏ booking͏͏ management.

Continue͏͏ Exploring:͏͏ Agritech͏͏ startup͏͏ DeHaat sees͏͏ 40%͏͏ revenue͏͏ surge͏͏ in͏͏ FY24,͏͏ cuts͏͏ losses͏͏ by͏͏ half

Mobile͏͏ Drone͏͏ Services͏͏ to͏͏ Reach͏͏ Farmers:

Drone͏͏ Destination͏͏ CEO͏͏ and͏͏ founder͏͏ Chyrag͏͏ Sharmaa͏͏ stated,͏͏ “We͏͏ operate͏͏ our͏͏ own͏͏ Drone͏͏ Hub͏͏ on͏͏ wheels,͏͏ with͏͏ service͏͏ vans͏͏ carrying͏͏ pilots͏͏ and͏͏ technicians͏͏ constantly͏͏ on͏͏ the͏͏ move.͏͏ DeHaat͏͏ centres͏͏ will͏͏ serve͏͏ as͏͏ lead͏͏ generation͏͏ points͏͏ for͏͏ us.͏͏ Once͏͏ bookings͏͏ are͏͏ made,͏͏ our͏͏ teams͏͏ will͏͏ visit͏͏ the͏͏ farmers,͏͏ carry͏͏ out͏͏ the͏͏ spray͏͏ service,͏͏ and͏͏ collect͏͏ payment.”

Drone͏͏ Destination͏͏ announced͏͏ that͏͏ it͏͏ will͏͏ register͏͏ as͏͏ a͏͏ service͏͏ provider͏͏ on͏͏ DeHaat’s͏͏ platform,͏͏ while͏͏ DeHaat͏͏ will͏͏ list͏͏ its͏͏ agricultural͏͏ products͏͏ and͏͏ services͏͏ on͏͏ the͏͏ drone͏͏ tech͏͏ startup’s͏͏ platform.

Sharmaa͏͏ added,͏͏ “Our͏͏ collaboration͏͏ with͏͏ DeHaat͏͏ will͏͏ expand͏͏ our͏͏ presence͏͏ and͏͏ strengthen͏͏ our͏͏ network.͏͏ We͏͏ currently͏͏ operate͏͏ in͏͏ 12͏͏ states,͏͏ while͏͏ DeHaat͏͏ is͏͏ active͏͏ in͏͏ 11,͏͏ with͏͏ overlap͏͏ in͏͏ 7͏͏ states.͏͏ This͏͏ partnership͏͏ enables͏͏ us͏͏ to͏͏ boost͏͏ capacity͏͏ and͏͏ demand͏͏ in͏͏ each͏͏ village͏͏ or͏͏ district.”

DeHaat͏͏ cofounder͏͏ and͏͏ director͏͏ Amrendra͏͏ Singh͏͏ said,͏͏ “Our͏͏ collaboration͏͏ with͏͏ Drone͏͏ Destination͏͏ marks͏͏ another͏͏ major͏͏ step͏͏ forward.͏͏ By͏͏ combining͏͏ drone͏͏ technology͏͏ with͏͏ our͏͏ comprehensive͏͏ agricultural͏͏ services,͏͏ we͏͏ aim͏͏ to͏͏ equip͏͏ farmers͏͏ with͏͏ advanced͏͏ tools͏͏ to͏͏ boost͏͏ crop͏͏ yield͏͏ and͏͏ promote͏͏ sustainable͏͏ farming͏͏ practices.”

He͏͏ explained,͏͏ “Drones͏͏ help͏͏ tackle͏͏ labour͏͏ shortages,͏͏ particularly͏͏ in͏͏ crops͏͏ like͏͏ soybean͏͏ and͏͏ sugarcane,͏͏ where͏͏ manual͏͏ spraying͏͏ is͏͏ hazardous͏͏ or͏͏ challenging.͏͏ They͏͏ also͏͏ allow͏͏ for͏͏ precision͏͏ spraying͏͏ and͏͏ foliar͏͏ application,͏͏ which͏͏ enhances͏͏ nutrient͏͏ absorption͏͏ through͏͏ the͏͏ leaves.”

This͏͏ partnership͏͏ follows͏͏ Drone͏͏ Destination’s͏͏ collaboration͏͏ with͏͏ the͏͏ National͏͏ Small͏͏ Industries͏͏ Corporation͏͏ (NSIC)͏͏ two͏͏ months͏͏ ago͏͏ to͏͏ establish͏͏ a͏͏ drone͏͏ training͏͏ centre͏͏ at͏͏ the͏͏ National͏͏ Science͏͏ and͏͏ Technology͏͏ Council͏͏ in͏͏ Delhi.

Founded͏͏ in͏͏ 2019͏͏ by͏͏ Sharmaa,͏͏ Drone͏͏ Destination͏͏ claims͏͏ to͏͏ be͏͏ India’s͏͏ largest͏͏ drone͏͏ pilot͏͏ training͏͏ provider͏͏ and͏͏ a͏͏ leading͏͏ drone-as-a-service͏͏ company.͏͏ Its͏͏ portfolio͏͏ includes͏͏ solutions͏͏ for͏͏ agricultural͏͏ spraying,͏͏ aerial͏͏ surveying,͏͏ and͏͏ asset͏͏ inspection͏͏ services.͏͏ The͏͏ company͏͏ is͏͏ also͏͏ reported͏͏ to͏͏ be͏͏ collaborating͏͏ closely͏͏ with͏͏ the͏͏ Survey͏͏ of͏͏ India.

It͏͏ was͏͏ listed͏͏ on͏͏ the͏͏ NSE͏͏ Emerge͏͏ platform͏͏ in͏͏ July͏͏ of͏͏ last͏͏ year.

Meanwhile,͏͏ DeHaat,͏͏ founded͏͏ in͏͏ 2012,͏͏ operates͏͏ a͏͏ network͏͏ of͏͏ over͏͏ 14,000͏͏ centres͏͏ across͏͏ 11͏͏ states,͏͏ serving͏͏ more͏͏ than͏͏ 2.7͏͏ million͏͏ farmers.͏͏ The͏͏ company͏͏ provides͏͏ services͏͏ such͏͏ as͏͏ the͏͏ distribution͏͏ of͏͏ agricultural͏͏ inputs,͏͏ farm͏͏ advisory,͏͏ financial͏͏ services,͏͏ and͏͏ market͏͏ linkages͏͏ for͏͏ selling͏͏ farm͏͏ produce.

Government͏͏ Initiatives͏͏ to͏͏ Boost͏͏ Drone͏͏ Adoption:

This͏͏ comes͏͏ at͏͏ a͏͏ time͏͏ when͏͏ the͏͏ Centre͏͏ has͏͏ been͏͏ actively͏͏ promoting͏͏ the͏͏ use͏͏ of͏͏ drones͏͏ to͏͏ enhance͏͏ agricultural͏͏ efficiency͏͏ through͏͏ initiatives͏͏ such͏͏ as͏͏ the͏͏ Drone͏͏ Didi͏͏ scheme͏͏ and͏͏ the͏͏ Kisan͏͏ Drone͏͏ scheme.

Additionally,͏͏ the͏͏ Centre͏͏ banned͏͏ imports͏͏ of͏͏ most͏͏ drones͏͏ last͏͏ year͏͏ to͏͏ significantly͏͏ boost͏͏ the͏͏ domestic͏͏ drone͏͏ manufacturing͏͏ ecosystem.͏͏ According͏͏ to͏͏ reports,͏͏ the͏͏ Indian͏͏ drone͏͏ tech͏͏ sector͏͏ is͏͏ projected͏͏ to͏͏ reach͏͏ a͏͏ market͏͏ size͏͏ of͏͏ $13͏͏ billion͏͏ by͏͏ 2030.

Continue͏͏ Exploring:͏͏ Govt͏͏ plans͏͏ INR͏͏ 750͏͏ Cr͏͏ fund͏͏ for͏͏ Agritech startups͏͏ to͏͏ drive͏͏ innovation

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First Coffee raises $1.2 Mn seed funding to expand nationwide

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First Coffee

QSR chain First Coffee has secured $1.2 Mn (over INR 10 Cr) in a seed round led by early-stage investment firm BEENEXT.

Notable͏͏ Investors͏͏ Join͏͏ the͏͏ Round:

Investors͏͏ such͏͏ as͏͏ Ashish Gupta of Helion Venture Partners, AngelList India, Innov8 Capital’s founder Ritesh Malik, Sahil Malik of Da Milano,͏͏ and͏͏ several͏͏ others͏͏ also͏͏ participated͏͏ in͏͏ the͏͏ round.

Expansion͏͏ Plans:

The͏͏ company͏͏ plans͏͏ to͏͏ use͏͏ the͏͏ capital͏͏ to͏͏ fuel͏͏ its͏͏ expansion͏͏ by͏͏ opening͏͏ more͏͏ outlets͏͏ nationwide.͏͏ Additionally,͏͏ the͏͏ funds͏͏ will͏͏ be͏͏ allocated͏͏ towards͏͏ hiring͏͏ and͏͏ boosting͏͏ marketing͏͏ efforts.

First͏͏ Coffee͏͏ stated͏͏ that͏͏ it͏͏ intends͏͏ to͏͏ expand͏͏ its͏͏ footprint͏͏ in͏͏ major͏͏ urban͏͏ areas͏͏ across͏͏ Delhi͏͏ NCR͏͏ and͏͏ Tier͏͏ I͏͏ cities͏͏ in͏͏ North͏͏ India,͏͏ with͏͏ a͏͏ goal͏͏ of͏͏ launching͏͏ 35͏͏ new͏͏ stores͏͏ by͏͏ the͏͏ second͏͏ quarter͏͏ of͏͏ the͏͏ upcoming͏͏ fiscal͏͏ year.

Continue͏͏ Exploring:͏͏ First Coffee launches͏͏ three͏͏ Delhi-NCR͏͏ outlets,͏͏ aims͏͏ for͏͏ 35͏͏ more͏͏ by͏͏ year͏͏ end

Founded͏͏ in͏͏ 2023͏͏ by͏͏ Sohrab Sitaram and Shiv Dhawan,͏͏ First͏͏ Coffee͏͏ is͏͏ a͏͏ specialty͏͏ coffee͏͏ brand͏͏ that͏͏ launched͏͏ its͏͏ first͏͏ outlet͏͏ in͏͏ Delhi͏͏ NCR͏͏ in͏͏ April͏͏ 2024.͏͏ The͏͏ company͏͏ sources͏͏ its͏͏ coffee͏͏ beans͏͏ from͏͏ Harley͏͏ Coffee͏͏ Estate͏͏ in͏͏ Chikmagalur,͏͏ Karnataka.

Sitaram͏͏ stated,͏͏ “Our͏͏ grab-and-go͏͏ model,͏͏ along͏͏ with͏͏ a͏͏ focus͏͏ on͏͏ sustainability͏͏ and͏͏ tech-driven͏͏ customer͏͏ engagement,͏͏ is͏͏ helping͏͏ us͏͏ establish͏͏ a͏͏ strong͏͏ niche.͏͏ Our͏͏ four͏͏ existing͏͏ stores͏͏ have͏͏ experienced͏͏ 25%͏͏ month-on-month͏͏ growth.”

Growing͏͏ Investor͏͏ Interest͏͏ in͏͏ Coffee Chains:

This͏͏ development͏͏ comes͏͏ as͏͏ coffee͏͏ chains͏͏ continue͏͏ to͏͏ attract͏͏ investor͏͏ interest.͏͏ Just͏͏ a͏͏ few͏͏ weeks͏͏ ago,͏͏ Blue͏͏ Tokai͏͏ Coffee͏͏ Roasters͏͏ secured͏͏ $35͏͏ Mn͏͏ (around͏͏ INR͏͏ 293͏͏ Cr)͏͏ in͏͏ a͏͏ Series͏͏ C͏͏ funding͏͏ round͏͏ led͏͏ by͏͏ Belgian͏͏ investment͏͏ firm͏͏ Verlinvest.

Meanwhile,͏͏ listed͏͏ FMCG͏͏ company͏͏ GRM͏͏ Overseas͏͏ acquired͏͏ a͏͏ 44%͏͏ stake͏͏ in͏͏ Rage͏͏ Coffee͏͏ through͏͏ a͏͏ mix͏͏ of͏͏ primary͏͏ capital͏͏ infusion͏͏ and͏͏ secondary͏͏ share͏͏ purchases,͏͏ without͏͏ disclosing͏͏ the͏͏ financial͏͏ terms͏͏ of͏͏ the͏͏ deal.

Continue͏͏ Exploring:͏͏ Blue͏͏ Tokai͏͏ secures͏͏ $35M͏͏ in͏͏ Series͏͏ C͏͏ funding,͏͏ becomes͏͏ most͏͏ valued͏͏ Indian͏͏ specialty͏͏ coffee brand

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Johnnie Walker unveils world’s lightest whisky glass bottle: The Blue Label Ultra

Johnnie Walker whisky

Johnnie Walker, the premier Scotch whisky brand, has launched a groundbreaking limited edition offering. The Johnnie Walker Blue Label Ultra is touted as the lightest 70cl Scotch whisky glass bottle ever produced by the brand and, based on their research, possibly the lightest in the world. This͏͏ striking͏͏ design͏͏ boldly͏͏ redefines͏͏ luxury,͏͏ embracing͏͏ a͏͏ daring͏͏ and͏͏ innovative͏͏ approach.

Five͏͏ years͏͏ ago,͏͏ Johnnie͏͏ Walker͏͏ embarked͏͏ on͏͏ a͏͏ clear͏͏ mission:͏͏ to͏͏ advance͏͏ the͏͏ spirits͏͏ industry.͏͏ Observing͏͏ a͏͏ shift͏͏ in͏͏ luxury͏͏ categories͏͏ towards͏͏ a͏͏ ‘delicate’͏͏ rather͏͏ than͏͏ ‘heavy’͏͏ aesthetic,͏͏ the͏͏ brand͏͏ decided͏͏ to͏͏ innovate͏͏ with͏͏ one͏͏ of͏͏ its͏͏ most͏͏ premium͏͏ whiskies.͏͏ Their͏͏ goal͏͏ was͏͏ to͏͏ challenge͏͏ the͏͏ limits͏͏ of͏͏ lightweight͏͏ glass,͏͏ all͏͏ in͏͏ the͏͏ pursuit͏͏ of͏͏ progress.

Revolutionary͏͏ Lightweight͏͏ Glass͏͏ Design:

Weighing͏͏ only͏͏ 180g͏͏ without͏͏ the͏͏ closure,͏͏ the͏͏ Johnnie͏͏ Walker͏͏ Blue͏͏ Label͏͏ Ultra͏͏ bottle͏͏ was͏͏ developed͏͏ using͏͏ a͏͏ test-and-learn͏͏ approach,͏͏ allowing͏͏ for͏͏ limitless͏͏ exploration͏͏ and͏͏ creativity͏͏ in͏͏ envisioning͏͏ the͏͏ future͏͏ of͏͏ lightweight͏͏ luxury͏͏ packaging.͏͏ Collaborating͏͏ with͏͏ external͏͏ glass͏͏ makers,͏͏ the͏͏ brand͏͏ reimagined͏͏ every͏͏ facet͏͏ of͏͏ the͏͏ bottle’s͏͏ design,͏͏ production,͏͏ and͏͏ transportation.͏͏ This͏͏ included͏͏ hand-blowing͏͏ the͏͏ glass͏͏ and͏͏ introducing͏͏ a͏͏ teardrop͏͏ shape,͏͏ which͏͏ uniquely͏͏ redefines͏͏ the͏͏ iconic͏͏ Johnnie͏͏ Walker͏͏ square͏͏ bottle͏͏ for͏͏ the͏͏ first͏͏ time.

Continue͏͏ Exploring:͏͏ Bacardi͏͏ unveils͏͏ ‘world’s͏͏ first’͏͏ hydrogen-fueled͏͏ glass͏͏ spirits͏͏ bottle

Johnnie Walker’s͏͏ Commitment͏͏ to͏͏ Sustainability͏͏ in͏͏ Packaging:

The͏͏ outcome͏͏ is͏͏ an͏͏ industry-first͏͏ that͏͏ not͏͏ only͏͏ embodies͏͏ exquisite͏͏ beauty͏͏ but͏͏ also͏͏ demonstrates͏͏ the͏͏ potential͏͏ of͏͏ lighter-weight,͏͏ lower-carbon͏͏ luxury͏͏ bottles͏͏ of͏͏ the͏͏ future.͏͏ As͏͏ part͏͏ of͏͏ the͏͏ Diageo͏͏ Spirit͏͏ of͏͏ Progress͏͏ action͏͏ plan,͏͏ Johnnie͏͏ Walker͏͏ is͏͏ committed͏͏ to͏͏ reducing͏͏ the͏͏ glass͏͏ weight͏͏ in͏͏ its͏͏ packaging,͏͏ aiming͏͏ to͏͏ decrease͏͏ the͏͏ carbon͏͏ emissions͏͏ linked͏͏ to͏͏ packaging͏͏ materials.

Although͏͏ the͏͏ technology͏͏ to͏͏ produce͏͏ bottles͏͏ of͏͏ this͏͏ weight͏͏ at͏͏ scale͏͏ is͏͏ not͏͏ yet͏͏ available,͏͏ the͏͏ insights͏͏ gained͏͏ by͏͏ Johnnie͏͏ Walker͏͏ are͏͏ already͏͏ being͏͏ implemented͏͏ in͏͏ lightweighting͏͏ initiatives͏͏ across͏͏ the͏͏ Diageo͏͏ portfolio.͏͏ Throughout͏͏ five͏͏ years͏͏ of͏͏ research,͏͏ the͏͏ brand͏͏ has͏͏ secured͏͏ a͏͏ UK͏͏ patent,͏͏ and͏͏ in͏͏ a͏͏ pioneering͏͏ move͏͏ for͏͏ Diageo,͏͏ it͏͏ will͏͏ offer͏͏ a͏͏ royalty-free͏͏ license͏͏ to͏͏ the͏͏ patent,͏͏ allowing͏͏ anyone͏͏ worldwide͏͏ to͏͏ benefit͏͏ from͏͏ these͏͏ innovations͏͏ and͏͏ contribute͏͏ to͏͏ further͏͏ industry͏͏ advancements.

Dr.͏͏ Emma͏͏ Walker,͏͏ the͏͏ Master͏͏ Blender͏͏ of͏͏ Johnnie͏͏ Walker,͏͏ has͏͏ crafted͏͏ a͏͏ unique͏͏ new͏͏ expression͏͏ of͏͏ Johnnie͏͏ Walker͏͏ Blue͏͏ Label͏͏ for͏͏ this͏͏ remarkable͏͏ bottle.͏͏ In͏͏ her͏͏ blending͏͏ process,͏͏ she͏͏ carefully͏͏ selected͏͏ liquids͏͏ from͏͏ prestigious͏͏ distilleries͏͏ such͏͏ as͏͏ Oban,͏͏ Brora,͏͏ and͏͏ Royal͏͏ Lochnagar,͏͏ alongside͏͏ a͏͏ range͏͏ of͏͏ ‘ghost͏͏ whiskies’͏͏ from͏͏ distilleries͏͏ that͏͏ are͏͏ no͏͏ longer͏͏ in͏͏ operation.

Exclusive͏͏ Release:͏͏ Only͏͏ 888͏͏ Bottles͏͏ Available

To͏͏ commemorate͏͏ this͏͏ technological͏͏ innovation,͏͏ only͏͏ 888͏͏ bottles͏͏ will͏͏ be͏͏ produced.͏͏ A͏͏ select͏͏ quantity͏͏ of͏͏ these͏͏ limited-edition͏͏ bottles͏͏ will͏͏ be͏͏ available͏͏ for͏͏ purchase͏͏ in͏͏ 2025͏͏ in͏͏ chosen͏͏ markets͏͏ around͏͏ the͏͏ globe,͏͏ with͏͏ a͏͏ recommended͏͏ retail͏͏ price͏͏ of͏͏ £1,000.

The͏͏ bottle͏͏ was͏͏ unveiled͏͏ at͏͏ the͏͏ London͏͏ Design͏͏ Festival͏͏ on͏͏ Saturday,͏͏ 14th͏͏ September.͏͏ As͏͏ a͏͏ Major͏͏ Partner͏͏ of͏͏ the͏͏ festival,͏͏ Johnnie͏͏ Walker͏͏ collaborated͏͏ with͏͏ designers͏͏ Marshmallow͏͏ Laser͏͏ Feast͏͏ to͏͏ create͏͏ a͏͏ Landmark͏͏ Project͏͏ installation͏͏ at͏͏ the͏͏ Old͏͏ Selfridges͏͏ Hotel͏͏ in͏͏ Marylebone,͏͏ celebrating͏͏ the͏͏ design͏͏ features͏͏ of͏͏ Johnnie͏͏ Walker͏͏ Blue͏͏ Label͏͏ Ultra.

Jennifer͏͏ English,͏͏ Johnnie͏͏ Walker’s͏͏ Global͏͏ Brand͏͏ Director,͏͏ stated,͏͏ “Johnnie͏͏ Walker͏͏ Blue͏͏ Label͏͏ Ultra͏͏ represents͏͏ a͏͏ significant͏͏ advancement͏͏ for͏͏ Johnnie͏͏ Walker,͏͏ Diageo,͏͏ and͏͏ the͏͏ industry͏͏ as͏͏ a͏͏ whole.͏͏ When͏͏ we͏͏ embarked͏͏ on͏͏ this͏͏ journey͏͏ to͏͏ redefine͏͏ luxury,͏͏ we͏͏ were͏͏ uncertain͏͏ about͏͏ what͏͏ we͏͏ could͏͏ achieve,͏͏ and͏͏ the͏͏ outcome͏͏ is͏͏ a͏͏ remarkable͏͏ achievement͏͏ that͏͏ many͏͏ thought͏͏ impossible.”

This͏͏ new͏͏ lightweight͏͏ bottle͏͏ is͏͏ not͏͏ only͏͏ a͏͏ stunning͏͏ piece͏͏ of͏͏ craftsmanship͏͏ but͏͏ also͏͏ showcases͏͏ the͏͏ potential͏͏ of͏͏ lightweight͏͏ glass.͏͏ We͏͏ will͏͏ keep͏͏ applying͏͏ these͏͏ insights͏͏ across͏͏ our͏͏ portfolio,͏͏ making͏͏ further͏͏ progressive͏͏ advancements͏͏ as͏͏ we͏͏ envision͏͏ the͏͏ future͏͏ of͏͏ Scotch.

Jeremy͏͏ Lindley,͏͏ Global͏͏ Design͏͏ Director͏͏ at͏͏ Diageo͏͏ and͏͏ leader͏͏ of͏͏ the͏͏ design͏͏ project,͏͏ remarked,͏͏ “Johnnie͏͏ Walker͏͏ Blue͏͏ Label͏͏ Ultra͏͏ emerged͏͏ from͏͏ a͏͏ brainstorming͏͏ session͏͏ focused͏͏ on͏͏ the͏͏ future͏͏ of͏͏ luxury.͏͏ Observing͏͏ other͏͏ sectors,͏͏ like͏͏ eyewear͏͏ and͏͏ high-performance͏͏ cycling,͏͏ shifting͏͏ towards͏͏ lightweight͏͏ designs,͏͏ we͏͏ wondered͏͏ if͏͏ luxury͏͏ spirits͏͏ could͏͏ embrace͏͏ the͏͏ same͏͏ approach.”

“We͏͏ shared͏͏ our͏͏ vision͏͏ with͏͏ a͏͏ team͏͏ of͏͏ skilled͏͏ glassmakers,͏͏ and͏͏ over͏͏ a͏͏ five-year͏͏ test-and-learn͏͏ process,͏͏ we͏͏ gradually͏͏ learned͏͏ how͏͏ to͏͏ craft͏͏ elegant,͏͏ lightweight͏͏ glass.͏͏ The͏͏ technical͏͏ challenges͏͏ associated͏͏ with͏͏ lightweighting͏͏ prompted͏͏ us͏͏ to͏͏ adopt͏͏ various͏͏ design͏͏ and͏͏ production͏͏ specifications͏͏ that͏͏ we͏͏ hadn’t͏͏ anticipated͏͏ at͏͏ the͏͏ outset.͏͏ This͏͏ included͏͏ the͏͏ necessity͏͏ of͏͏ a͏͏ teardrop͏͏ shape,͏͏ which͏͏ we͏͏ designed͏͏ to͏͏ still͏͏ reflect͏͏ the͏͏ iconic͏͏ square͏͏ form͏͏ of͏͏ Johnnie͏͏ Walker͏͏ bottles,͏͏ as͏͏ well͏͏ as͏͏ the͏͏ introduction͏͏ of͏͏ a͏͏ protective͏͏ cage͏͏ for͏͏ a͏͏ round͏͏ base͏͏ and͏͏ the͏͏ handcrafted͏͏ filling͏͏ of͏͏ each͏͏ bottle͏͏ to͏͏ prevent͏͏ damage͏͏ during͏͏ production.”

“Instead͏͏ of͏͏ keeping͏͏ this͏͏ new͏͏ knowledge͏͏ to͏͏ ourselves,͏͏ we͏͏ are͏͏ thrilled͏͏ to͏͏ offer͏͏ a͏͏ royalty-free͏͏ license͏͏ for͏͏ our͏͏ UK͏͏ patent͏͏ to͏͏ the͏͏ world.͏͏ We͏͏ aspire͏͏ for͏͏ our͏͏ findings͏͏ to͏͏ positively͏͏ influence͏͏ the͏͏ broader͏͏ industry͏͏ and͏͏ pave͏͏ the͏͏ way͏͏ for͏͏ innovative,͏͏ lighter,͏͏ and͏͏ lower-carbon͏͏ packaging͏͏ alternatives.”

Continue͏͏ Exploring:͏͏ Indian͏͏ whisky market͏͏ booms͏͏ as͏͏ consumers͏͏ shift͏͏ towards͏͏ premiumisation

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