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Hindustan Unilever evaluates options for ice cream business future amid global restructuring by parent company

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Hindustan Unilever
Hindustan Unilever

Hindustan Unilever stated on Tuesday that it is evaluating various options for the future of its ice cream business, following its parent company Unilever‘s strategic intent to separate the vertical globally. Unilever, headquartered in London, disclosed its plan to transform itself into a simpler, more focused, and higher-performing company by divesting the ice cream business. This shift is expected to lead to the loss of 7,500 jobs.

When asked about the possible impact of the move on the Indian business, the Indian subsidiary (HUL) of Unilever said it is evaluating various options.

Continue Exploring: Unilever announces spin-off of ice cream business, 7,500 job cuts planned in cost-cutting effort

“As far as the Indian ice cream business is concerned, we are evaluating the various options in light of this announcement. We will discuss this with the HUL Board and Unilever management in the coming months. Once the approach is finalised, we will communicate further,” said a HUL spokesperson in response to a query over the impact of Unilever’s decision on the Indian business.

Ice creams contributed 3 per cent or INR 59,144 crore to HUL revenue in FY23.

“We have a very robust cost savings programme in HUL called Symphony, that we have been driving for many years now. Through an end-to-end focus across all lines of the P&L (profit and loss), we have been generating gross savings…every year. This provides us with crucial fuel for growth, allowing us to invest competitively behind our brands and future capabilities.

“We will closely assess the global initiatives of Unilever under the productivity programme and assimilate best practices to take Symphony to its next phase,” the spokesperson said.

The ice cream business has an inherently different business model, including a cold-chain go-to-market operating model, seasonality, and a different innovation rhythm compared to the rest of Unilever’s business, the HUL spokesperson added.

Continue Exploring: From scoops to sundaes: Ice cream sales set to soar 15-20% this summer

HUL operates in the Indian ice cream market with three brands Magnum, Kwality Walls and Cornetto.

HUL’s ice cream business comes under the Food & Refreshment segment, which represents 25 per cent of its revenue.

In its latest annual report, Unilever said, “Our ice cream business had a stellar year with strong performance led by innovations and brilliant execution”.

Its ice cream business has helped HUL’s Foods and Refreshment vertical record strong performance in FY23, along with Foods and Coffee.

For expansion of the ice cream category, HUL was trying to “de-seasonalise” by expanding consumption occasions through innovative campaigns and launching exclusive products, centred around Indian festivals.

Its Kwality Wall’s mobile vending initiative, ‘I am Wall’s’ had provided entrepreneurship opportunities to nearly 12,600 people and 250 differently-abled persons across India.

Continue Exploring: Amul’s first Ice Lounge in Northern India opens in Lucknow, bringing exotic ice creams from around the globe

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Zomato faces social media backlash over ‘Pure Veg Fleet’ launch; CEO open to rollback amid controversy

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Zomato Pure Veg Fleet

Foodtech giant Zomato announced on Tuesday the launch of its ‘Pure Veg Fleet’ to cater to customers with a ‘100% vegetarian dietary preference’. However, the move faced backlash from social media users.

After a row over the company’s decision, Zomato cofounder and CEO Deepinder Goyal stated that the foodtech major is open to rolling back the new initiative if significant negative social repercussions arise.

Continue Exploring: Zomato launches dedicated services for vegetarian customers with exclusive ‘Pure Veg Fleet’ and ‘Pure Veg Mode’

“We understand our social responsibility due to this change, and we will not back down from solving it when the need arises. And I promise, that if we see any significant negative social repercussions of this change, we will roll it back in a heartbeat,” Goyal said in a post on X.

Nevertheless, he justified the recent launch by explaining that occasionally, food spills and odors from non-vegetarian orders can permeate vegetarian ones. He argued that this circumstance underscores the necessity of segregating the fleet.

“But why did we need to separate the fleets? Because despite everyone’s best efforts, sometimes the food spills into the delivery boxes. In those cases, the smell of the previous order travels to the next order, and may lead to the next order smell of the previous order. For this reason, we had to separate the fleet for veg orders,” Goyal added.

Reassuring users about the new launch’s adherence to dietary preferences, the Zomato CEO emphasized that the fleet would not “discriminate based on our delivery partners’ dietary choices.”

Additionally, he mentioned that the company would remain vigilant and collaborate with Resident Welfare Associations (RWAs) to address situations where societies restrict access for the startup’s regular fleet.

Goyal’s recent social media update followed the uproar sparked by Zomato’s decision to separate its fleets online. While some praised the move, others criticized it.

Continue Exploring: Zomato among Jefferies’ top picks for next five years, anticipates 2.5X share price increase by 2029

“If the problem statement is about food spilling into delivery boxes, how is segregating veg & non-veg delivery a solution? You think non-vegetarians are okay with their tandoori chicken smelling like smoked salmon? How are the victims of food-spilling exclusively vegetarians?” said a user on X.

Another X user said, “Literally now, me and my family can use Zomato without any doubt. Trust me I had never ordered from Zomato or Swiggy because of the veg and non-veg food mix issue. I just can’t eat the food if it is touched somehow with non vegetarian food. Never.”

The company additionally announced its intention to expand its range of specialized fleets tailored to meet specific customer requirements. This expansion includes the introduction of a dedicated cake delivery fleet equipped with hydraulic balancers, ensuring cakes remain pristine and unblemished throughout the delivery process.

The developments came just a day after Goyal’s remarks at the ongoing ‘Startup Mahakumbh’, underscoring the imperative for startups to embrace constant innovation. He emphasized that amidst the rapid evolution of technology, no business model can sustain relevance for more than a decade.

Continue Exploring: Blinkit to outgrow Zomato within a year, says CEO Deepinder Goyal

The new experiment comes as Zomato continues to captivate retail investors, with its stock soaring over 180% in the past 12 months, fueled by three consecutive profitable quarters.

In Q3 FY24, Zomato posted a notable increase in its profit after tax (PAT), reaching INR 138 Cr compared to INR 36 Cr in the previous quarter. Additionally, Jefferies recently identified Zomato as one of its ‘top picks’ for the forthcoming five years, projecting a surge in the stock value to INR 400 within this timeframe.

Continue Exploring: Zomato reports third consecutive profitable quarter with INR 138 Cr PAT in Q3 FY24

Zomato’s shares concluded yesterday’s trading on the BSE at INR 158, marking a 0.13% decrease.

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Rock Paper Rum secures funding from Sugar Cosmetics CEO Vineeta Singh, charts course for national and global expansion

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Lalit Kalani, the Founder of Rock Paper Rum & Vineeta Singh
Lalit Kalani, the Founder of Rock Paper Rum & Vineeta Singh

Rock Paper Rum, a premium craft-rum brand, has secured funding from Vineeta Singh, Co-founder and CEO of Sugar Cosmetics and a judge on Shark Tank.

After securing seed funding of INR 4.5 crore in a round led by Mumbai Angels and other marquee investors such as GSF, Anay Ventures, Ekcle Ventures, and Faad Network, Good Barrel Distillery (the parent company of Rock Paper Rum) has embarked on an exhilarating journey to secure strategic funding of INR 50 lakh on Shark Tank India. This pivotal moment signifies a thrilling new chapter for the premium rum brand, as it positions itself for national and international expansion.

Lalit Kalani, the Founder of Rock Paper Rum, captured the Sharks’ attention on Shark Tank India with his vision and the innovative spirit of the brand. This not only resulted in securing funding but also in acquiring a valuable mentor in Vineeta Singh. With her expertise in establishing successful offline businesses, she will play a pivotal role in navigating the complexities of the alcohol industry.

Lalit Kalani, Founder of Rock Paper Rum, said, “We are thrilled to partner with the marquee investors who have placed their trust in us. Our aim is definitely to become one of the leading rum brands for the new age Indian consumer. Our selection of rum caters to the modern drinker who is just beginning their journey into the world of craft liquors, as well as those seasoned drinkers in search of unique and refreshing choices. Shark Tank India was an incredible platform to gain national exposure and showcase our commitment to sustainable growth.”

With this strategic investment, Rock Paper Rum is all set for explosive growth. Lalit revealed, “We plan to become a national force within the next year, expanding to key markets like Goa, Haryana, and Karnataka. International expansion is also on our radar, with the aim of putting Indian rum on the global map.”

Shark Tank Judge Vineeta Singh, CEO and Co-Founder of Sugar Cosmetics who was impressed by the pitch, said “Lalit’s passion for Rock Paper Rum is contagious! Combined with their delicious flavours and strategic growth plans, I believe this brand is on the right track to reach newer heights in the coming days.”

Continue Exploring: Bira 91 secures $25 Million funding led by Tiger Pacific Capital for expansion amidst robust growth trajectory

Nandini Mansinghka, CEO of Mumbai Angels commented, “Good Barrel Distillery is on a mission to innovate and elevate the craft liquor industry, a niche segment. The company’s commitment to capital efficiency and steady growth is commendable, and we believe this funding round will help them further accelerate their expansion and market penetration and eventually capture a sizeable market share.”

After spending 17 years abroad, Lalit made his way back to India where he found a burgeoning market for premium, uniquely flavored rums. Inspired by his family’s three-generation legacy and fueled by a desire to revive India’s spirits industry, he launched Rock Paper Rum, aiming to redefine rum craftsmanship. His journey struck a chord with all the Sharks on the show, who were impressed by the product, branding, go-to-market strategy, and Lalit’s unwavering determination in navigating a challenging yet fast-evolving industry.

Today, the brand is devoted to utilizing the finest ingredients and crafting irresistible flavor profiles like the Indian Spiced, Coastal White, Zesty Lemon, Roast Coffee, and Tropical Coconut.

The infusion of these funds will help facilitate doubling the production capacity to meet the rising demand, as well as strengthen the team along with execution of strategic marketing campaigns. Rock Paper Rum’s commitment to innovation extends to exploring new flavour frontiers, promising a new realm of experiences for rum enthusiasts.

Continue Exploring: upliance.ai hits 5 million sales mark in just 30 days following Shark Tank appearance

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Zomato launches dedicated services for vegetarian customers with exclusive ‘Pure Veg Fleet’ and ‘Pure Veg Mode’

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Zomato

Zomato, a major player in the foodtech sector, has rolled out a new initiative catering to customers with a 100% vegetarian dietary preference. This initiative includes the launch of a dedicated delivery fleet named ‘Pure Veg Fleet’ and a specialized feature on its app called ‘Pure Veg Mode.’

Zomato’s founder and CEO, Deepinder Goyal, made the announcement on X (formerly known as Twitter).

“India has the largest percentage of vegetarians in the world, and one of the most important feedback we’ve gotten from them is that they are very particular about how their food is cooked, and how their food is handled,” he said in a post, adding that the new launches are aimed at catering to such customers

Pure Veg Mode will feature a selection of restaurants exclusively serving pure vegetarian cuisine, excluding any establishments offering non-vegetarian items.

Meanwhile, the Pure Veg Fleet will exclusively handle orders from these pure vegetarian restaurants. This implies that meals containing non-vegetarian ingredients or those from non-vegetarian establishments will not be delivered by this fleet.

Goyal mentioned that the introduction of the new feature and fleet will be implemented gradually across the country over the next few weeks.

“In the future, we plan to add more specialised fleets for special customer needs. For example, there’s a special cake delivery fleet coming up with hydraulic balancers which prevent your cake from getting smudged during delivery,” he added.

The development comes a day after Goyal, speaking during the ongoing ‘Startup Mahakumbh’, emphasized the need for startups to constantly innovate. He stated that in today’s rapidly evolving technological landscape, no business model can endure for more than a decade.

Continue Exploring: Blinkit to outgrow Zomato within a year, says CEO Deepinder Goyal

These new launches are also within Zomato’s ongoing series of experiments with novel services and features. Earlier this year, the startup introduced a daily payout feature for certain restaurants and expressed its ambition to achieve 100% delivery using electric vehicles by 2033.

Zomato is additionally establishing a facility to process value-added food supplies for its Hyperpure vertical. These supplies will include sauces, spreads, pre-cut, and semi-finished perishable products.

In Q3 FY24, Zomato achieved its third consecutive profitable quarter, recording a profit after tax of INR 138 Cr. This marks a notable increase from the INR 36 Cr profit reported in the preceding quarter.

Continue Exploring: Zomato reports third consecutive profitable quarter with INR 138 Cr PAT in Q3 FY24

Following these achievements, the startup’s share price has climbed by over 25% year to date. Just this week, Jefferies identified Zomato as one of its top selections for the next five years, anticipating the stock to reach INR 400 within this timeframe.

Zomato’s shares concluded today’s trading session slightly lower by 0.13% at INR 158 on the BSE.

Continue Exploring: Zomato among Jefferies’ top picks for next five years, anticipates 2.5X share price increase by 2029

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The Body Shop set to expand with 100 new stores in India by 2025, eyes double-digit growth

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The Body Shop
The Body Shop

The Body Shop, a UK-based ethical beauty brand, is planning to expand its presence by adding 100 more brand touchpoints by the year 2025.

“India is one of the top markets for The Body Shop globally. Our consistent growth reflects the popularity of The Body Shop and the immense opportunities we are tapping into in the country,” said Vishal Chaturvedi, vice president – retail and operations at The Body Shop.

“We will continue to scale up and focus on omni-channel expansion while leveraging newer opportunities in high convenience formats to build stronger brand affinity in India,” he added.

Continue Exploring: The Body Shop Joins ONDC network, expanding reach of vegan beauty products across India

The brand is currently eyeing double-digit growth, prioritizing expansion in travel retail, standalone stores, beauty specialty outlets, and quick commerce segments.

The retailer recently partnered with Indian actress Diana Penty to promote its British Rose body care line in the Indian market.

The Body Shop teams up with Diana Penty to launch British Rose Collection in India

Operating in India since 2006, The Body Shop has been under the management of Quest Retail Pvt Ltd, a cosmetic manufacturing company based in Delhi.

Currently, it boasts 200 stores nationwide and serves over 1500 cities through its online presence and partnerships with e-commerce brands in various marketplaces.

Established in 1976 in Brighton, England, by Dame Anita Roddick, the beauty retailer now runs approximately 2,500 retail outlets across over 80 countries.

Quest Retail recently informed the media that the restructuring in the UK will not affect the Indian operations of the cosmetics firm, The Body Shop.

Continue Exploring: No impact on The Body Shop India amid UK restructuring, assures Quest Retail

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Korean skincare brand Skin1004 makes exclusive debut in India via Reliance Retail’s Tira Beauty platform

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Skin1004

Skin1004, a renowned Korean skincare brand, has exclusively launched its products in the Indian market on Reliance Retail‘s beauty platform, Tira Beauty.

“At Tira, our aim is to offer a curated assortment with the best of global and homegrown brands, catering to the growing demands of India’s booming beauty market. This exclusive partnership with Skin1004 allows us to offer their award-winning Korean skin care products to Indian consumers looking for formulations infused with natural and safe ingredients,” said Bhakti Modi, co-founder of Tira Beauty.

The products will be offered for purchase both online via the Tira app and offline at select Tira stores. This comprehensive product line includes cleansers, toners, serums, creams, masks, and more.

“We like to keep our finger on the pulse of the newest, most impactful and hottest brands across the world and we truly believe that Skin1004 is the next big thing in K-beauty,” said Suhrid Thacker, founder of Katalysst, an e-commerce partner for brands across marketplaces in India, which is also the exclusive India partner of the Skin1004.

Continue Exploring: BIA Brands bolsters skincare portfolio with acquisition of Asa Beauty

“Its powerhouse star ingredient and diverse range of products make me confident in the success of this brand, as we launch exclusively via Tira Beauty, in the Indian market,” added Thacker.

‘1004,’ when pronounced in Korean, sounds like the word ‘angel’ and the brand is often referred to as ‘skin angels’.

“India is an exciting new market for us as we see the Indian consumer becoming more receptive to K-beauty and appreciative of clean beauty brands. With partners like Tira Beauty, the platform on which we are exclusively launching, and Katalysst, which is helping us navigate our India entry, we are confident of the brand’s success and look forward to a warm welcome from Indian beauty enthusiasts,” said Jake Kwak, owner of Skin1004.

In February 2023, Reliance Retail, the retail arm of Reliance Industries Ltd (RIL), launched Tira as an e-commerce platform. Following this, in April, they inaugurated their flagship store situated at Jio World Drive within the Bandra Kurla Complex in Mumbai.

Currently, Tira retails over 150 Indian and international brands in its stores.

Continue Exploring: Reliance Retail ventures into beauty and personal care with Tira, targets 100 locations nationwide

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FMCG stocks plunge as sectoral index drops 1.9%: Nestle, Colgate Palmolive lead losses

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FMCG
(Representative Image)

Fast Moving Consumer Goods (FMCG) stocks are trading weak on Tuesday with the sectoral index down 1.9 per cent.

FMCG index is among the top sectoral losers. Sensex stock Nestle is down more than 3 per cent.

Colgate Palmolive is down almost 4 per cent. Honasa Consumer is down 3.7 per cent, Tata Consumer is down 3.4 per cent, Patanjali Foods is down 3.2 per cent, United Breweries is down 3 per cent, Godrej Consumer is down more than 2 per cent, Britannia is down more than 2 per cent.

Continue Exploring: FMCG growth to remain sluggish in current year: Emkay Global Report

BSE Sensex is down more than 600 points on broad based selling. Most sectoral indices are trading in the red.

Corporate commentary on the FMCG sector has highlighted the muted demand setting prevailing in Q4FY24, which has been projected by data agencies for CY24, Emkay Global Financial Services said in a recent report.

Nielsen, which tracks retail data, is building a case of 4.5-6.5 per cent value growth for the sector. Kantar, which tracks household consumption data, echoed the same muted outlook, the report said.

With the El-Nino effect remaining till May-24 (agri growth is projected at 1.8 per cent in FY24; a seven-year low), and expectation of no material shift in consumption from elections (as in the past), demand outlook remains weak for 1HFY25, Emkay Global Financial Services added.

Continue Exploring: FMCG sector to experience subdued growth until September quarter in 2024: Kantar

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Iconic Brazilian brand Tramontina makes Indian market debut

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Tramontina
Tramontina

Tramontina, a renowned name in household products, boasting a century-long Brazilian legacy, is making its much-anticipated debut in the Indian retail market. With a footprint in over 120 countries, the brand aims to bring its hallmark quality and innovative offerings to India, offering specially curated product lines that cater to the preferences of Indian consumers.

The debut of Tramontina in India signifies a significant milestone in the company’s journey of growth and expansion, following successful ventures in North America, Latin America, and Europe. With a focus on health and safety, the brand will initiate its Indian operations by introducing a line of cookware free from toxins, with plans for rapid expansion into a comprehensive range of household solutions, including cookware, tableware, cutlery, furniture, and more. Simultaneously, Tramontina aims to forge strategic partnerships to establish a cutting-edge manufacturing facility in India, further solidifying its presence and broadening its product portfolio.

Continue Exploring: California lifestyle apparel brand Dockers makes big bet on Indian market, plans five store openings in first year

Marcelo Borges, CEO of Tramontina US said, “With our foray into the dynamic Indian retail landscape, we are excited to extend Tramontina’s legacy of craftsmanship and innovation to discerning Indian consumers. Our diverse product portfolio caters to a wide array of household needs, blending practicality with elegance, and we are confident of a warm reception in India. We are assembling a seasoned leadership team in India, led by Aruni Mishra, to oversee operations and ensure an unparalleled experience for our Indian clientele.”

Aruni Mishra, CEO of Tramontina India said, “I am delighted to embark on this new chapter with Tramontina as we enter the vibrant Indian market. With a burgeoning young demographic in the country, there is a growing inclination towards cooking and embracing a healthy lifestyle. Tramontina is well-positioned to meet this evolving demand by offering Indian consumers durable products that prioritize health and safety, ensuring a 100 percent worry-free cooking experience.”

Founded in 1911 in Carlos Barbosa, South America, Tramontina has become a household name over the past century. With a vast product range of more than 22,000 offerings spanning cookware, furniture, appliances, and more, the brand’s meticulous manufacturing processes ensure products that are not only aesthetically superior but also durable.

Continue Exploring: After four years of R&D, Kikkoman launches exclusive dark soy sauce tailored for the Indian market

To showcase its dedication to sustainable practices, Tramontina maintains an extensive Environmental Management Program. This program ensures the careful utilization of natural resources, emphasizing the brand’s commitment to environmental responsibility.

As it enters the Indian market, Tramontina plans to introduce an initial lineup featuring a “worry-free” cookware range and its acclaimed knife collection. Subsequent phases will include offerings of flatware and tableware assortments. Engineered to meet the demands of everyday home cooks and professional chefs alike, this professional-grade cookware is crafted without toxins and PFAS, ensuring safety and preference among Indian households. Tramontina aims to enhance household experiences for Indian consumers, striving to establish itself as an indispensable part of Indian homes for generations to come.

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Delhi govt extends existing excise policy for fiscal year 2024-25

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SnackTeam
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Liquor
Liquor

The Delhi government has extended its prevailing excise duty based policy for the coming financial year 2024-25, officials on Monday said.

The competent authority has granted approval for continuation of the excise duty based policy, for 2024-25, to grant wholesale licenses on basis of same terms and conditions of Licensing Year 2023-24, said an order issued by the government’s excise department.

The wholesale licenses are allowed on same terms and conditions of excise duty based policy that is in effect from October 1, 2023, till March 31, 2024, said the officials.

Also, the terms and conditions of all licenses that are renewable every year, are also continued for Excise Year 2024-25, the excise department order said.

Continue Exploring: ISWAI presses for immediate rationalization of excise duties on alco-bev sector

The necessary circulars for these retail and HCR (hotel, club and restaurant) category licenses will be issued in the next few days, added the officials.

The excise duty-based policy regime, under which retail liquor business shifted from private firms to Delhi government enterprises, was implemented in September 2022 and was extended twice earlier in April 2023 and again in October 2023.

The policy was brought after the Delhi government’s ambitious excise policy 2021-22, implemented on November 17, 2021, ran rough weathers due to allegations of irregularities in its formulation and implementation.

Continue Exploring: New excise policy maintains liquor prices except for country-made; premium outlets at transit hubs approved

The policy was scrapped by the Arvind Kejriwal government days after Delhi LG VK Saxena recommended a CBI probe in the alleged irregularities.

The government had promised to bring a new excise policy that has yet not been ready, the officials said.

A committee formed by the government has readied a draft for the new policy that is yet to be taken up by the government, they said.

Under the existing excise policy, four Delhi government corporations run 684 liquor stores across the city.

Continue Exploring: Delhi’s excise department rides high on soaring liquor sales, notching a 9% revenue surge in Q3 2023-24

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upliance.ai hits 5 million sales mark in just 30 days following Shark Tank appearance

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upliance.ai
Mahek Mody and Mohit Sharma, Co-Founders, upliance.ai

The innovators behind India’s first AI Cooking Assistant, upliance.ai, have witnessed a notable surge in demand following their recent feature on Season 3 of Shark Tank and a timely infusion of INR 34 crore funding from Khosla Ventures. With sales of over 200 units priced at INR 23,999 each, the brand has experienced a remarkable 243 percent increase in sales, now valued at INR 143 crore, surpassing its initial valuation of INR 100 crore.

Continue Exploring: Upliance.ai raises INR 34 Crore in seed funding led by Khosla Ventures, valuation soars to INR 143 Cr

After their feature on the investment show, the company garnered significant attention across various online platforms, especially among the customer community and digital Key Opinion Leaders (KOLs). Website traffic skyrocketed by 13 times in unique visitors, while social media engagement surged, witnessing a 120-fold increase in monthly followers on Instagram alongside a notable spike on their YouTube channel.

Mahek Mody and Mohit Sharma, Co-Founders said, “We are thrilled to witness the heightened interest in our products following our feature on Shark Tank. The substantial increase in both sales and social media engagement serves as a strong affirmation of the value we bring to Indian homes, reinforcing our steadfast vision for the future. This positive momentum propels us towards an expansive trajectory; our goal is comprehensive growth. Looking ahead, our focus is on expanding into new markets, increasing revenue, and achieving economies of scale, ultimately driving profitability company-wide.”

Continue Exploring: India’s first AI Cooking Assistant, upliance.ai sets sights on 10X growth and INR 150 Crore revenue after star performance on Shark Tank

Having already sold over 900 units and firmly establishing its position in the market, the Bengaluru-based brand is now strategically focused on accelerating product expansion. This involves making significant investments in tooling and advanced manufacturing techniques. With the capital raised, the company intends to build a flexible and skilled team while also exploring partnerships with content creators to enhance its marketing efforts. The strategic expansion plan includes scaling up manufacturing operations and establishing a robust presence in over 10,000 retail stores nationwide, complemented by 30 company-owned experience centers. This forward-thinking strategy marks the next significant chapter in upliance.ai’s journey within the dynamic realm of innovative home tech solutions.

Backed by prominent investors such as Rainmatter, Rukam Capital, Draper Associates, and most recently Khosla Ventures, upliance.ai stands ready to establish itself as India’s leading Direct-to-Consumer (D2C) hardware startup, primed for rapid growth.

Continue Exploring: A-Listers Spice Up Their Portfolios with Bold Bets on India’s Booming F&B Startups

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