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Catering Collective aims for 5X growth in venues and catering business over next 5 years, says Arindam Chakraborty

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Arindam Chakraborty, COO, Catering Collective
Arindam Chakraborty, COO, Catering Collective

The recent major initiatives announced by the country’s Prime Minister have undoubtedly inspired people like Arindam Chakraborty, the COO of Catering Collective, boosting their determination and enthusiasm. Both ‘Meet in India’ and ‘Wed in India’ initiatives hold significant business potential. If successfully implemented, they could surpass the targets set by Chakraborty and his business division.

Additionally, the growing demand for lavish weddings, including destination weddings, and the increasing popularity of large sporting events across the country present lucrative opportunities for organized catering services and venue management companies like Catering Collective.

Catering Collective, a division of K Hospitality, was established in 2004 with its first venue, Blue Sea in Worli, Mumbai. Today, the company manages six venues, with five located in Mumbai and one in Delhi. Over the past 20 years, the company has catered for numerous high-profile events and weddings both within India and internationally. This includes the recent pre-wedding gala for the Ambani family in Jamnagar, Gujarat.

Furthermore, Catering Collective is the preferred and empanelled caterer for various venues, stadiums, clubs, and other establishments, often enjoying the first right of refusal for catering services.

Continue Exploring: IRCTC’s ecatering partner Zoop serves 2 Million train meals in 2023, eyes INR 50 Cr revenue for FY24

With various business opportunities on the horizon, Catering Collective has strategically positioned itself to capitalize on these prospects and aims to grow at least fivefold over the next five years. Regarding the venues business, Chakraborty discussed a “venue-led approach,” forecasting an increase in the number of venues managed and enlisted in the coming five years.

“Catering Collective adopts a venue-centric strategy to launch additional premium and luxury venues nationwide. We are currently in discussions with partners in various cities, with Hyderabad being the next target. We have also pinpointed potential venues in the Delhi-NCR region. Following this, our focus will shift to Ahmedabad, Kolkata, and Chandigarh,” Chakraborty reveals.

Expanding on the venue-centric strategy, Chakraborty explained that this approach involves collaborating with venue owners for new projects, either designing venues to meet the company’s specifications or assuming the management of existing venues.

“We can efficiently transform and commence operations at venues within four to six months. However, for a greenfield project, the timeline is naturally longer, typically ranging from 1.5 to 2 years,” he states.

Chakraborty views destination weddings as another significant growth opportunity for the company. He mentioned that the company is actively searching for “boutique venues” to cater to intimate and upscale destination weddings in sought-after locations such as Goa, Rajasthan, and more.

“In Goa and Rajasthan, we are exploring unique possibilities for destination weddings that follow a different format from the bigger venues. Providing a more upscale and specialised experience will be our main goal. He clarified, “We seek to secure leases with specific provisions to manage such situations.”

Catering Collective’s operations revolve around food and beverage (F&B), and the company has established a notable reputation in the domestic and international arenas for high-profile catering. “Our longstanding legacy and renowned branding provide us with a unique advantage when approaching any venue, allowing us to secure several contracts,” he states.

Continue Exploring: Zomato eyes growth beyond food delivery: Plans for catering and gold program expansion

Catering Collective serves as the catering partner for prominent sporting venues and renowned teams in sporting leagues such as IPL, ISL, and others. As the company broadens its venue business to additional cities, Chakraborty is confident that they will have the opportunity to forge closer associations and collaborations with a greater number of sporting events and teams.

Destination weddings are an area where the company aims to excel in the upcoming period. “This year has been particularly successful for us in organizing high-profile destination weddings across various cities. We’ve executed upscale destination weddings in cities like Bangalore, Ahmedabad, Hyderabad, Mahabalipuram, and more. Additionally, we have catered to destination weddings internationally in locations such as the Middle East and Thailand. However, we see a significant opportunity to collaborate more closely with wedding influencers and planners to expand our business further,” he remarked.

Whether catering domestically or internationally, the company adheres to stringent operational protocols and quality standards, according to Chakraborty. Satellite kitchens are established at the venue, and they strictly follow a checklist of pre-event and post-event procedures. Additionally, the carbon footprint of each activity is meticulously measured.

Chakraborty emphasised the company’s dedication to sustainability by saying, “We have recently collaborated with the Centre for Environmental Research and Education (CERE) to evaluate the carbon footprint of our venues and recommend strategies to minimise and mitigate environmental impact.”

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Britannia NutriChoice launches NutriPlus app for holistic health monitoring

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Britannia
Britannia

In a bid to enhance engagement with consumers, Britannia NutriChoice, a biscuit brand, has introduced NutriPlus, a health-tech app.

The app was developed in partnership with Aktivo Labs and allows users to monitor their health and wellness metrics.

Amit Doshi, the Chief Marketing Officer of Britannia Industries, stated, “Crafted by a distinguished team of doctors and scientists from Aktivo Labs, the NutriPlus app utilizes evidence-based technology and has been designed with the goal of democratizing health monitoring nationwide. Quantified health enables individuals from diverse cultures, languages, and regions to lead prolonged and healthy lives.”

Continue Exploring: Britannia eyes diversification into chocolates, salty snacks, and fresh dairy through joint ventures, unveils aggressive growth strategy

The company stated that the app offers a NutriScore, a single-score indicator based on various parameters, giving users an overview of their health status. Doshi mentioned that this singular health score streamlines health monitoring and provides users with a clear understanding of their wellness journey.

Doshi stated, “Britannia NutriChoice targets the expanding consumer base that actively seeks improved snacking alternatives. Consumers can access the NutriPlus app by scanning a QR code found on various Britannia NutriChoice packs, reaching millions of households across India. We believe in the transformative impact of small, daily choices, and the NutriPlus app represents one such initiative to support millions of Indians in their quest for wellness and enhanced lifestyles. We anticipate it will democratize health monitoring.”

The company also mentioned that the NutriPlus app provides a detailed weekly health evaluation, offering personalized insights to users irrespective of their demographic.

Continue Exploring: Winkin’ Cow and Britannia Bourbon join forces to launch Bourbon shakes

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IRCTC’s ecatering partner Zoop serves 2 Million train meals in 2023, eyes INR 50 Cr revenue for FY24

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Zoop
Zoop

Train travel has long been synonymous with comfort and affordability. Yet, beyond its classic appeal, it has evolved into a hub for culinary adventures in recent times. Programs like the IRCTC ecatering policy, in collaboration with trusted partners like Zoop, offer passengers an extensive menu for ordering food through IRCTC.

The IRCTC Corporate Plan for FY24-28 indicates that, in FY22, catering services accounted for 27% of total income, coming in second only to online ticketing. The growing appeal of onboard dining is demonstrated by the significant increase in demand for online meal orders placed on trains during busy times like holidays and festivals. It is anticipated that the market would reach INR 1,845.76 billion by the end of FY28 and grow at a robust 30% CAGR from FY23 to FY28, demonstrating significant growth potential in this industry.

In order to provide hygienic, tasty, and fresh food on trains, Zoop, a leading authorised ecatering partner of IRCTC, began operations in 2016. By bringing food delivery services on trains, Zoop has partnered with IRCTC to improve the convenience of train travel and is now a proud ecatering partner of the IRCTC.

Presently, Zoop boasts a monthly revenue surpassing INR 2 crores and delivers 60,000 meals per month, with 400,000 meals served in the last quarter alone. Operating at over 180 train stations across India, Zoop achieved a milestone of 2 million train meals served in 2023.

In 2023, Zoop introduced several innovative initiatives that significantly contributed to its growth and transformed the way people travel. These initiatives encompassed a diverse range of platforms and services aimed at enhancing the convenience and accessibility of train food ordering.

Collaborating with Jio Haptik, Zoop launched the WhatsApp Train Food Delivery service, available in both Hindi and Hinglish. This innovative solution leveraged a user-friendly automated Chatbot on WhatsApp, simplifying the process of ordering food for train journeys and catering to a broader customer base.

Continue Exploring: Zoop India partners Haptik to offer WhatsApp Food Delivery for Railway Passengers

Additionally, Zoop introduced a Google Chatbot service tailored for train passengers. This enabled them to effortlessly place food orders, track PNR statuses, and manage orders directly within the chat interface by searching “Zoop” on Google.

Leveraging the popularity of social media, Zoop unveiled the Instagram Chatbot, Ziva. This allowed train travelers to order food on the go using their Instagram accounts with just a few taps.

Continue Exploring: Zoop’s latest venture lets you order train meals with just a few taps on Instagram

Furthermore, in collaboration with the online payment platform Simpl, Zoop introduced the ‘Pay At Delivery’ payment option. This eliminated the need for upfront payments, providing passengers with the convenience of paying only upon food delivery.

These initiatives collectively revolutionized the food ordering experience for train travelers, marking a significant milestone in Zoop’s commitment to innovation and customer satisfaction.

Puneet Sharma, the Founder of Zoop, commented, “We initiated our services even before food delivery options were accessible for trains. By partnering and aligning with IRCTC ecatering, our objective has always been to deliver hot, fresh, and hygienic meals from FSSAI-approved restaurants directly to train seats. Having served 2 million train meals in FY 2023, we are now targeting a revenue of INR 50 Cr for FY 2024. We are expanding our operations to include more train stations across India and aiming to be available at 250 stations by the end of the year.”

Furthermore, Zoop provides 24/7 food ordering options, including pre-ordering, group orders, and specialized dietary choices such as Jain and festive cuisine from a selection of over 2,500 FSSAI-certified restaurants. In addition to food services, Zoop offers features like PNR status, platform locator, train schedule, and coach position checks, simplifying passenger inquiries and improving the convenience of food delivery.

With the Railway Ministry’s plan to replace pantry car services on 300 trains with AC-3 tier coaches, aiming to increase revenue by INR 1,400 crore and shift meal services to base kitchens, e-catering, and train-side vending machines, Zoop is committed to providing hassle-free food ordering and delivery for train passengers. Zoop will cater to the diverse preferences of passengers seamlessly, ensuring a smooth transition to the new system.

Continue Exploring: Swiggy & IRCTC join forces to offer food delivery service on trains

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Behrouz Biryani taps Saif Ali Khan as brand ambassador for new biryani range

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Saif Ali Khan
Saif Ali Khan

Rebel Foods, the online restaurant company known for its homegrown brand Behrouz Biryani, has enlisted Bollywood actor Saif Ali Khan as its brand ambassador. This partnership focuses on the launch of a new line called ‘Nawabi Handi Dum Biryani’, embodying the pinnacle of regal flavor. Through this collaboration, the biryani brand aims to provide its customers with an unparalleled premium royal biryani experience.

The collaboration between Behrouz Biryani and Khan for the launch of the ‘Nawabi Handi Dum Biryani’ range is more than just a partnership; it’s a co-creation, as stated in a press release by the company. This initiative embodies the brand’s commitment to offering an unmatched biryani experience by blending Behrouz Biryani’s renowned culinary heritage with Khan’s aristocratic persona, making him the perfect fit as Behrouz’s brand ambassador.

Continue Exploring: Orion India appoints Palak Tiwari as brand ambassador for Turtle Chips

Infusing a regal flair into the brand’s image, the collaboration between Behrouz Biryani and Khan was prominently showcased across social media platforms through an advertisement. In the grand unveiling of the ‘Nawabi Handi Dum Biryani’ range, Khan is portrayed driving a classic vintage car, accompanied by a majestic procession of royal guards and horses. This portrayal accentuates Saif’s royal persona, mirroring the opulent dining experience that the new biryani range promises to deliver with each bite. The cinematic display in the advertisement encapsulates Behrouz Biryani’s dedication to providing a truly royal dining experience.

Regarding the collaboration with Khan, Nishant Kedia, Chief Marketing Officer – India at Rebel Foods, commented, “This partnership goes beyond a typical brand ambassador alliance; it’s a fusion of values, heritage, and a dedication to offering the finest to our customers. The ‘Nawabi Handi Dum Biryani’ represents our pursuit of culinary excellence, our rich heritage, and our commitment to craftsmanship, much like the roles for which Saif is renowned, which resonate with depth and authenticity. We are deeply honored and excited about this association with Saif and eagerly anticipate sharing this royal indulgence with biryani enthusiasts everywhere.”

To this, Khan remarked, “Embarking on this journey with Behrouz Biryani to introduce the ‘Nawabi Handi Dum Biryani’ has been a delightful experience. It’s about blending the opulence of royal culinary traditions with the craftsmanship that Behrouz is celebrated for. This collaboration transcends merely serving a dish; it’s about rejuvenating a legacy and presenting it with a blend of modernity and elegance, ensuring each serving evokes the essence of a royal feast.”

Continue Exploring: Rebel Foods joins ONDC to expand D2C presence and enhance consumer reach

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Agritech startup ONO secures INR 11 Cr in seed funding Led by Aeravti Ventures

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ONO
ONO

ONO, an agritech startup, has raised INR 11 Cr ($1.3 Mn) as a part of its seed funding round led by Aeravti Ventures, with participation from Indigram Labs.

Utilizing the newly acquired funds, the startup aims to advance its mission of bolstering the agricultural supply chain within India’s APMC/MANDI network.

Established in 2021 by Rama Rao Kancharapu, ONO operates as a platform for farmers, facilitating crop price discovery and mandi exploration.

It provides a range of services including ONO Connect for price and market discovery, ONO Cash for credit facilitation, ONO Click, a SaaS platform for commission agents and traders offering market intelligence, payments, collections, and market operations digitization, as well as ONO Mandi, a mid-mile trading platform.

Continue Exploring: Former Swiggy executive Kedar Gokhale launches agritech venture ‘Orbit Farming’ targeting mid-sized Indian farmers

The startup asserts its operational presence in more than 45 mandis spanning six states, boasting a network of over 30,000 partners. Additionally, it reports facilitating seven commodity transactions on its platform.

Kancharapu expressed, “We’ve witnessed remarkable acceptance of our products in Mandis, and we’re confident in scaling our platform to establish a sustainable business with real-world impact. Having enduring partners like Aeravti Ventures and other industry leaders onboard enables us to expand our horizons and accelerate our growth.”

In 2021, ONO raised $530K in a funding round backed by numerous angel investors.

It competes with companies such as AgroStar, BigHaat, Cropin, Fasal, and Chifu Agritech, among others.

Rishabh Singh, managing partner at Aeravti Ventures, emphasized, “Reinforcing our commitment to India’s agricultural ecosystem has been pivotal for us. We firmly believe in technology’s transformative potential to tackle systemic challenges, and ONO stands poised to revolutionize India’s mandi ecosystem.”

Continue Exploring: Shilpa Shetty-backed agritech startup KisanKonnect secures INR 31 Crore in pre-series A funding led by Green Frontier Capital 

Last March, Aeravti Ventures achieved the first closing of its inaugural INR 100 Cr fund aimed at emerging technology startups. At that time, the venture capital firm announced its intention to invest in startups spanning various sectors including deeptech, biosciences, agritech, climate, and enterprisetech.

Investors have been increasingly drawn to India’s agritech sector for some time now.

For example, in December last year, Vegrow, a business-to-business fruits marketplace, concluded its Series C funding round with a combination of primary and secondary investments. This $46 million fundraising effort was spearheaded by Singapore’s GIC, in collaboration with Prosus Ventures, Matrix Partners India, and other participants.

During that same month, agritech startup Fasal secured Series A funding of INR 100 crore ($12 million), with co-leadership from TDK Ventures and British International Investment (BII).

According to analysis, agritech startups in India have garnered over $2.4 billion in funding since 2014.

Continue Exploring: Agritech startup BigHaat secures $8.4M in Series C funding, co-led by Ashish Kacholia and RBA Finance and Investment Company

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St.Botanica diversifies portfolio, enters fragrance market with exquisite perfume line

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St.Botanica

St.Botanica, a prominent D2C beauty brand and an entity of the Good Glamm Group, has announced the launch of a new perfume line. This collection, meticulously crafted from the best ingredients, is complemented by the captivating campaign ‘Indulge Your Travel Spirit’.

The collection promises a sensory journey, with four distinct fragrances representing different corners of the world. The Citrus fragrance conjures the sun-drenched shores of the Mediterranean, blending notes of Amalfi Lemon, Patchouli, and White Honey. Transporting you to the landscapes of the Middle East, the Oud fragrance intertwines Cedarwood, Black Pepper, and Labdanum. Capturing the essence of North America, the Amber fragrance harmonizes Virginia Cedar, Gardenia, and African Orange Flower. Lastly, the Spicy fragrance entices with its fusion of Geranium, Bergamot, and Musk from Southern Africa.

To ensure broad accessibility, St.Botanica’s latest fragrances are now exclusively accessible both online through Amazon Beauty and offline at Shoppers Stop stores, reaching consumers across the nation. This strategic collaboration aims to offer effortless access to these exquisite scents, enhancing the olfactory journeys of fragrance enthusiasts everywhere.

Continue Exploring: AdilQadri Perfumes targets INR 250 Crore revenue milestone by 2025, eyes venture capital funding boost

Sukhleen Aneja, CEO of Good Brands Co within the Good Glamm Group, shared her excitement about the launch, remarking, “We’re delighted to enter the rapidly expanding fragrance market with our exceptional perfumes. With a commitment to sourcing the finest global ingredients, St.Botanica offers consumers a sensory odyssey that goes beyond conventional fragrance encounters, combining elegance with affordability. Our collaboration with Amazon and Shoppers Stop for online and offline sales respectively is also a source of great enthusiasm, ensuring consumers receive unparalleled quality and a seamless shopping journey.”

“At Amazon Beauty, our dedication lies in offering customers the latest and most thrilling beauty products. This collaboration with St. Botanica and Amazon Beauty epitomizes this commitment by presenting our beauty enthusiasts with an array of enchanting fragrances to enhance their beauty routines and elevate their everyday moments. With swift, hassle-free delivery and competitive pricing, Amazon Beauty provides customers with the ideal platform to discover and select the ideal fragrance that resonates with their distinct style and preferences,” remarked Zeba Khan, Director of BPC and Luxury Beauty at Amazon India.

Biju Kassim, Customer Care Associate and CEO, Beauty, Shoppers Stop Limited, expressed, “The exclusive launch of St.Botanica in the fragrance sector, available solely at Shoppers Stop, opens up avenues for our customers to delve into a wide range of sensory-rich fragrances. We are thrilled to provide a platform for our patrons to explore and experience the captivating St. Botanica scents, alongside an enhanced fragrance discovery journey at our stores.”

Continue Exploring: Rabanne unveils exclusive 1Million Golden Oud fragrance in India through Shoppers Stop

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HyFun Foods launches HyFarm initiative, infusing INR 100 Crore to revolutionize agricultural procurement in India

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HyFun Foods

HyFun Foods, a leading exporter of processed fruits and vegetables in India, has launched its new initiative: HyFarm. This pioneering agricultural procurement and farmer engagement program was inaugurated at the HyFun Plant facility in Mehsana, Gujarat. The event was graced by MLA Jagdish Vishwakarma and attended by 6,000 farmers. The company has pledged an initial investment of INR 100 crore for HyFarm, with the goal of revolutionizing produce procurement.

Haresh Karamchandani, the MD and CEO of HyFun Foods, voiced his enthusiasm for the #HyFarm initiative, saying, “With HyFarm, we are investing in the future of farming and the well-being of rural communities. This initiative underscores our dedication to sourcing top-quality ingredients, empowering farmers, and fostering sustainable agriculture.”

HyFarm, which was launched in tandem with HyFun Foods’ achievement of acquiring 300,000 tonnes of potatoes suitable for processing this year, is centred around the well-being of farmers. HyFun Foods is now recognised as the top Indian brand for potato processing thanks to this accomplishment. The occasion unveiled the HyFarm brand identity and emphasised the tight bond between HyFun Foods and its farming partners.

With a vision to harness India’s plentiful fresh produce, HyFarm aims to involve 30,000 farmers by 2030. Beyond just potatoes, HyFarm aims to procure 1 million tonnes by 2028, encompassing table and chipping varieties. Additionally, the initiative plans to expand its procurement to a broad array of fresh fruits and vegetables, offering year-round opportunities for farmers.

Continue Exploring: HyFun Foods to invest INR 850 Crore in Gujarat for three new plants, aims for INR 5,000 Crore revenue by 2028

With the goal of incorporating India’s plentiful fresh produce, HyFarm aims to involve 30,000 farmers by 2030. Beyond potatoes, HyFarm plans to procure 1 million tonnes by 2028, encompassing table and chipping varieties. Additionally, the initiative intends to expand its procurement to a diverse array of fresh fruits and vegetables, offering year-round opportunities for farmers.

In addition to procurement, HyFarm seeks to empower farmers through technology. A digital platform will provide access to agricultural best practices, improving efficiency, productivity, and sustainability.

A farmer representative at the event remarked, “HyFarm is a game-changer, offering a dependable market and consistent income. We are eager to collaborate with HyFarm for a sustainable agricultural future.”

As HyFun Foods invests in HyFarm, it reaffirms its commitment to promoting responsible agriculture and prosperity. This dedication was recently showcased at the Vibrant Gujarat Global Summit, where the company announced plans to meet growing domestic and export demands by establishing three new manufacturing plants in Gujarat. This expansion stands as a testament to HyFun Foods’ innovative approach and continuous growth in the market.

Continue Exploring: HyFun Foods reinvents itself with new brand identity, logo, and mascot

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Swiggy Instamart sees yet another high-profile exit as VP of Supply Chain Karan Arora resigns

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Karan Arora
Karan Arora

In yet another key exit from Swiggy, Karan Arora, the Vice President and Head of Supply Chain Management at Instamart, a subsidiary of Swiggy, has resigned after a tenure of three and a half years.

Arora left his position as Head of Supply Chain Management at Medlife to join the firm in 2020 as an Assistant Vice President.

“From starting with five dark stores, a 15,000 square feet warehouse, and 1,500 SKUs to expanding to over 500 dark stores, more than 2 million sq.ft of warehouse space, and 10,000+ SKUs, including industry-first FnV processing centers – the journey has been incredible. As I pause and reflect, I want to express my heartfelt gratitude to everyone who made this journey possible,” Arora shared in a LinkedIn post.

In his post, Arora also announced that he will be teaming up with Karthik Gurumurthy, former head of Swiggy Instamart, as a co-founder for Gurumurthy’s new offline retail venture, Convenio.

In January, Gurumurthy secured $3 million in funding for Convenio from Matrix Partners India and a group of angel investors.

Continue Exploring: Karthik Gurumurthy secures $3 Million funding led by Matrix Partners India for innovative fresh produce retail venture ‘Convenio’

Meanwhile, the company has not yet announced a replacement for Arora.

“During his 3.5-year tenure with Swiggy, Arora played a pivotal role in establishing Swiggy Instamart. As he ventures into his entrepreneurial path, we offer our best wishes and unwavering support from the Swiggy team,” the startup stated.

This recent exit from Swiggy adds to the series of high-profile departures from the company in a short period.

Several key individuals, including Mallika Srinivasan (independent director), Karthik Gurumurthy (Senior Vice President and Head of Swiggy Instamart), Dale Vaz (CTO), Anuj Rathi (SVP, Central Revenue and Growth), Ashish Lingamneni (VP, Marketing), and Dineout co-founder Vivek Kapoor, have stepped down from their roles since late last year.

Continue Exploring: Swiggy faces another high-profile departure as independent director Mallika Srinivasan steps down ahead of IPO

This comes at a time when the company is gearing up for its mega $1 billion public listing later in FY24. To bolster its IPO efforts, the company has been reducing its marketing expenditures and employee expenses.

The company successfully reduced its losses to $207 million (INR 1,730 crore) in the first nine months of FY24, compared to a net loss of INR 4,179.3 crore in the previous fiscal year.

Continue Exploring: Swiggy prepares for IPO with name change to Swiggy Private Limited

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Limelight Lab Grown Diamonds receives $1 Million investment, plans nationwide expansion

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Limelight Lab Grown Diamonds
Limelight Lab Grown Diamonds

Limelight Lab Grown Diamonds has attracted a strategic investment totaling US$1 million from two prominent retail jewellery chains. Through this strategic alliance, Limelight aims to establish new stores and elevate its brand recognition nationwide.

Previously, the company had secured an investment from the Emerald Group, the largest jewellery manufacturer in Asia. This investment was part of a strategic partnership aimed at positioning Limelight as a unique vertically integrated brand, enabling joint manufacturing, sales, and distribution of LGD studded jewellery in India and worldwide.

The latest investment serves a similar purpose in the company’s strategic agenda, facilitating accelerated and robust growth in the expansion of the brand’s stores across the country. Currently, the company operates 10 stores and over 40 shop-in-shops spanning 25 cities, including Mumbai, Delhi, Jaipur, Varanasi, Hyderabad, Bangalore, Chennai, Kolkata, and others.

Continue Exploring: Top jewellery retailers hold back on lab-grown diamonds citing low consumer demand

Pooja Sheth Madhavan, Founder and MD of Limelight Lab Grown Diamonds expressed, “The positive reception and customer support for LGD jewellery nationwide have been encouraging. This sentiment is mirrored in our sales, bolstering our confidence to expand more rapidly. With the Government’s commitment and attention to this burgeoning sector, the investment provides added momentum towards our goal of expanding our presence both in India and internationally.”

During FY24, the company achieved sales totaling INR 80 crores, marking a remarkable surge of over 230% compared to the previous year. Madhavan further noted that branded sales have tripled year-on-year.

Continue Exploring: Titan’s CaratLane jewellery line to make US debut in FY25

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Medusa Beverages’ sales skyrocket by 106% in FY24, fueled by strong demand and market expansion

Medusa Beverages

Medusa Beverages Pvt. Limited, a renowned Indian brewery known for its iconic Medusa Beer, has achieved a remarkable 106% growth in total cases sold for the financial year 2023-24 (FY24). The company has successfully sold over 680,000 cases, with an impressive 88,000 cases sold in March alone. This outstanding achievement underscores the robust demand for Medusa‘s premium products and reflects the unwavering dedication of its sales team.

Furthermore, Medusa Premium Strong Beer has strengthened its market foothold in Delhi and has seen significant growth in Punjab and Uttar Pradesh. Additionally, the company successfully ventured into Uttarakhand as a new market in FY24, broadening its geographical reach.

Continue Exploring: Medusa Beverages brings iconic Medusa Beer to Uttarakhand, eyes rapid growth

The company’s recently introduced light beer, Medusa Air, has seen a remarkable 70% month-on-month increase in sales. This surge is due to the overwhelmingly positive response from customers, making Medusa Air the second top-selling beer in Delhi.

“We are thrilled to announce that Medusa Air will soon be available in other markets,” the company wrote on LinkedIn.

Continue Exploring: Medusa Beverages pushes brewing boundaries with the launch of bold, new ‘Medusa Air’

As one of the fastest-growing companies in the alco-bev sector, Medusa Beverages remains steadfast in its commitment to sustainability. A significant 90% of the company’s sales are generated from aluminium cans, promoting an eco-friendlier approach compared to traditional glass bottles.

“We are elated to announce that we have already achieved a 23% market share in the CANS category in Delhi for the financial year 2023-24. This accomplishment marks another step towards sustainability in this dynamic market segment,” added the LinkedIn post.

As the company looks ahead, its unwavering dedication to delivering exceptional products and fostering sustainable practices remains at the forefront of its mission, promising an exciting future for both the brand and its loyal consumers.

Continue Exploring: Medusa beer dominates Delhi market with record-breaking beer can sales, capturing 17% market share

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