Thursday, January 9, 2025
Home Blog Page 6

Ramee Tarang Hotel Opens Doors in Indore, Blending Tradition with Modern Luxury

By
Online Desk
-
0
Image of ramee hotel
Ramee Tarang Hotel Opens Doors in Indore, Blending Tradition with Modern Luxury

Ramee Group of Hotels is excited to unveil its latest venture, the Ramee Tarang Hotel in Indore, marking the brand’s debut in Madhya Pradesh. 

New Hotel Has World Class Attractions 

The hotel offers a mix of 40 thoughtfully designed rooms, ranging from Executive to Premium options, as well as an exclusive Suite. Guests can indulge in an array of dining experiences, including two of Ramee’s popular restaurant concepts—Tanatan, which serves modern Indian cuisine with a fine dining atmosphere and live music, and R-Adda, a lively pub renowned in Mumbai, offering a vibrant party vibe with a 125-seat capacity and impressive sound and light setups. 

Continue Exploring: Zepto’s New Marketplace Entity Could Signal a Shift in Quick-Commerce Strategy

A sophisticated culinary journey with breathtaking views

Additionally, the hotel’s rooftop bar and kitchen, Aether, promises a sophisticated culinary journey with breathtaking views.

Continue Exploring: Log9 Co-founder Kartik Hajela Moves to Jupiter Electric Mobility in Key Role

Saurabh Gahoi, Senior Vice President of Ramee Group, shared, “We’re thrilled to introduce Ramee Tarang Hotel in Indore, a city that beautifully blends tradition with modernity. This opening is a testament to our dedication to bringing top-notch hospitality and world-class experiences to Indore, a city that truly deserves the title of ‘Mini-Bombay.’”

Advertisement

Honasa Consumer’s Chief Business Officer, Master Zairus, Steps Down Amid Restructuring

By
Online Desk
-
0
Image of master zairus
Honasa Consumer’s Chief Business Officer, Master Zairus, Steps Down Amid Restructuring

Honasa Consumer Ltd., the parent company behind well-known brands like Mamaearth and The Derma Co., revealed on January 2 that its Chief Business Officer, Master Zairus, will step down from his position on February 28, 2025. 

The Company is Going Through Significant Restructuring 

The announcement was made through a regulatory filing, which noted that Zairus is leaving for personal reasons. This comes at a time when the company is going through significant restructuring that has impacted its finances and distribution model.

Continue Exploring: Log9 Co-founder Kartik Hajela Moves to Jupiter Electric Mobility in Key Role

Zairus, who joined the company in August 2021, has had an extensive career with leadership roles at Airtel, Nokia, and Shine.com, including serving as CEO. Like CEO Varun Alagh, he began his professional journey at Hindustan Unilever. At Honasa, Zairus played a key role in shaping investment strategies across its diverse brand portfolio, which includes Mamaearth, The Derma Co., Aqualogica, BBlunt, Dr Sheth’s, and Staze. The company also made the decision to discontinue its Ayurvedic beauty line, Ayuga, in the first quarter of FY25.

Continue Exploring: Zepto’s New Marketplace Entity Could Signal a Shift in Quick-Commerce Strategy

In its most recent financial update, Honasa Consumer reported a net loss of Rs 18.6 crore for the quarter ending September 30, 2024, an improvement from the Rs 29.4 crore loss in the same period the previous year. Revenue from operations dipped by 6.9% year-on-year to Rs 461.8 crore, while the company’s EBITDA loss for the second quarter stood at Rs 30.7 crore, better than the Rs 40.1 crore loss in the same period the previous year.

Despite the overall revenue drop, several of Honasa’s newer brands, including The Derma Co., Aqualogica, BBlunt, and Dr Sheth’s, saw more than 30% growth year-to-date. Key product categories such as face washes, sunscreens, and face serums also reported over 28% growth in the first half of the fiscal year.

Advertisement

Heritage Village Resort & Spa’s Renovation Brings Bold Dining and Luxury Amenities to South Goa

By
Online Desk
-
0
Image of Heritage Village Resort & Spa’s
Heritage Village Resort & Spa’s Renovation Brings Bold Dining and Luxury Amenities to South Goa

Heritage Village Resort & Spa in South Goa has recently completed an exciting renovation, blending contemporary luxury with the rich cultural heritage of the region. 

The newly revamped property now stands as an upscale boutique resort, offering a refined yet relaxed experience for guests.

New Resort has State of the Art Facilities 

The resort now boasts a state-of-the-art Aruna Spa and Wellness Center, a refreshed Aruna Salon, and a newly constructed swimming pool. Additionally, the public spaces have received a makeover, including a stylish lounge that enhances the arrival experience.

Continue Exploring: Zepto’s New Marketplace Entity Could Signal a Shift in Quick-Commerce Strategy

Guests can also explore two new exceptional dining venues: Bonita, serving an inventive mix of European and global dishes, and Mama Miso, featuring vibrant Pan-Asian flavors. Together, these additions offer a world-class culinary journey in a sophisticated setting, making Heritage Village Resort & Spa a premier destination in South Goa.

About the Heritage Village Resort & Spa in Manesar

Similarly, the Heritage Village Resort & Spa in Manesar, established in 1995, has been undergoing a transformation since May 2023. The resort is being reimagined to maintain its traditional allure while incorporating a modern touch. 

Continue Exploring: Log9 Co-founder Kartik Hajela Moves to Jupiter Electric Mobility in Key Role

Major renovations have included redesigning the entrance and lobby, updating the Sabha and Utsav Banquet Halls, and refreshing the reception area, with the Utsav Banquet Hall now featuring regal, Haveli-inspired decor.

Advertisement

Aadit Palicha Predicts Quick Commerce Will Soon Compete with E-commerce Giants

By
Online Desk
-
0
Image of aadit palicha
Aadit Palicha Predicts Quick Commerce Will Soon Compete with E-commerce Giants

Zepto co-founder and CEO Aadit Palicha is confident that the quick commerce sector will rival industry giants like Amazon and Flipkart by 2025. 

In a bold LinkedIn post on New Year’s Eve, Palicha declared that 2024 will be the year people begin to recognize the true potential of quick commerce, setting the stage for a major transformation in the retail landscape. According to him, by 2025, the sector will reach a scale comparable to traditional ecommerce platforms.

Zepto’s Impressive Financials 

Zepto, which is preparing for its IPO, posted a significant 120% jump in operating revenue, reaching Rs 4,454 crore in FY24, outpacing competitors such as Swiggy’s Instamart and Zomato’s Blinkit. Palicha emphasized that the future success of quick commerce hinges on “exceptional execution” and pointed out that only a few players will be able to meet this high bar.

Continue Exploring: Log9 Co-founder Kartik Hajela Moves to Jupiter Electric Mobility in Key Role

Looking ahead to 2025, Palicha predicts major shifts in quick commerce, including an evolution in customer value, unit economics, and operational strategies. He also noted that the capital markets environment for the sector will undergo significant changes, transitioning from private to public investments. 

Zepto’s Promising Future 

With great optimism for the year to come, Palicha highlighted Zepto’s stellar performance during New Year’s Eve sales, reporting a 200% increase compared to the previous year and handling hundreds of thousands of orders per hour.

Continue Exploring: Zepto’s New Marketplace Entity Could Signal a Shift in Quick-Commerce Strategy

In a similar vein, Blinkit also shared its record-breaking success on December 31, achieving the highest number of orders per minute, per hour, and total tips ever given to delivery partners.

Advertisement

From PGA Greens to Lululemon Jeans: Max Homa Teams Up for a Stylish Swing!

By
Online Desk
-
0
Image of max homa
From PGA Greens to Lululemon Jeans: Max Homa Teams Up for a Stylish Swing!

Max Homa, one of the PGA Tour’s brightest stars, has officially joined Lululemon as a brand ambassador, bringing his signature blend of style and athleticism to the iconic brand. Known for his impressive career on the golf course, including six Tour wins and a strong 2024 season, Homa will now represent Lululemon’s innovative line of golf and lifestyle apparel. 

Ranked 27th in the Official World Golf Ranking, Max Homa is a seasoned PGA Tour pro with six wins under his belt and three top-10 finishes in 2024. A California native with strong ties to Scottsdale, Arizona, Homa brings a sense of community and passion to his collaboration with Lululemon.

Continue Exploring: Global Haircare Brand Arkive Expands to India in Partnership with Beautindia

Max Homa’s Charismatic Personal Style

Known for his “subtle and sharp” personal style, Homa’s fashion sense aligns seamlessly with Lululemon’s focus on versatile athletic and lifestyle apparel. The brand’s upcoming golf collection for 2025 promises to deliver essential pieces that combine functionality with style, perfect for both on-course performance and everyday wear.

“I’m thrilled to be part of the Lululemon family. Their apparel already fills my wardrobe for workouts and downtime, so it’s a dream to collaborate with such a legendary brand,” Homa shared.

Continue Exploring: Zepto’s New Marketplace Entity Could Signal a Shift in Quick-Commerce Strategy

While golf is often viewed as a solo sport, Homa emphasizes the importance of community. “As I’ve grown in my career, I’ve surrounded myself with a tight-knit group. Winning and achieving success feels even better when you can share it with everyone who’s supported you along the way,” he said.

Homa is a Huge Boost to Lululemon’s Brand

In addition to his tour commitments, Homa will also compete in the first season of TGL, an indoor golf league co-founded by Tiger Woods and Rory McIlroy, set to air in prime time.

Homa joins a star-studded lineup of athletes at Lululemon, including PGA Tour’s Min Woo Lee, NFL’s DK Metcalf, NBA’s Jordan Clarkson, NHL’s Connor Bedard, and tennis pro Leylah Fernandez.

Advertisement

Eco-Friendly Kids Fashion Brand Kidbea Raises $1 Million for Expansion

By
Online Desk
-
0
Image of Kidbea
Eco-Friendly Kids Fashion Brand Kidbea Raises $1 Million for Expansion

Kidbea, a brand known for its bamboo-based children’s fashion, has secured $1 million in pre-Series A funding, led by early-stage investor Venture Catalysts. 

The round also saw contributions from Agility Ventures, BestVantage Investments, Droom founders Sandeep Agarwal and Upasana Agarwal, along with notable angel investors including actor Hiro Mizushima from Japan.

Funding Comes as a Huge Shot in the Arm

This funding marks a key step for Kidbea as the company aims to grow into a Rs 500 crore brand in the next three years. “With this investment, we’re geared up to enhance our sustainable offerings, expand globally, and continue to revolutionize kids’ fashion,” said Swapnil Srivastav, cofounder of Kidbea. He added that the brand saw an impressive eightfold revenue growth in FY-23, riding the wave of the booming $16.4 billion kidswear market.

Continue Exploring: Zepto’s New Marketplace Entity Could Signal a Shift in Quick-Commerce Strategy

Founded in 2021 by Swapnil Srivastav, Mohammad Hussain, and Aman Kumar Mahto, Kidbea focuses on bamboo-based, skin-friendly apparel for children. The brand’s products are designed to address issues like skin irritation, discomfort, and messes for newborns. They use GOTS (Global Organic Textile Standard) certified fabric, ensuring the clothing is both eco-friendly and gentle on young skin.

Continue Exploring: Log9 Co-founder Kartik Hajela Moves to Jupiter Electric Mobility in Key Role

The fresh capital will be directed towards strengthening Kidbea’s marketing, expanding its team, and refining its operations. A portion of the funds will also go into R&D and technology to keep Kidbea ahead in the fast-paced kids’ fashion market.

Advertisement

Fraud Claims Rock NestAway’s Sale as Ex-CEO & Co-founder Takes Legal Action

By
Online Desk
-
0
Image of Amarendra Sahu
Fraud Claims Rock NestAway’s Sale as Ex-CEO & Co-founder Takes Legal Action

Over a year after NestAway was sold in a rushed deal, the platform’s co-founder and former CEO Amarendra Sahu has leveled serious accusations against the company’s investors and fellow founders, claiming they committed fraud during the transaction.

Former CEO Files Criminal Case

Sahu has filed a criminal case against major investors such as Tiger Global, Goldman Sachs, Chiratae Ventures, and co-founders Jitendra Jagadev and Smruti Parida in connection with the sale. Notably, Parida had already left the company in 2019.

Continue Exploring: Log9 Co-founder Kartik Hajela Moves to Jupiter Electric Mobility in Key Role

The allegations were first reported by The Arc. In response to Sahu’s complaint, Odisha police in Bhubaneswar registered a first information report (FIR) on September 23, 2024. The FIR includes several charges from the Indian Penal Code, including sections on cheating, forgery, using forged documents, criminal intimidation, and conspiracy.

Key Details About the Complaint 

Sahu’s complaint centers on his claim that his signature was falsely used in the sale of NestAway to Aurum PropTech for INR 90 crore on June 28, 2023. This occurred just days after he resigned as the company’s director.

In his complaint, Sahu also asserts that the lead investors pressured him into selling his 5% stake in exchange for an additional payment of INR 11.72 crore, money he says he never received. Additionally, Sahu accuses Jitendra Jagadev, the current CEO and fellow co-founder, of working alongside the investors to sideline him during the sale process and holding secret negotiations.

Continue Exploring: Zepto’s New Marketplace Entity Could Signal a Shift in Quick-Commerce Strategy

Jagadev, however, denied the accusations, stating that similar claims were previously dismissed by the National Company Law Tribunal (NCLT) in Bengaluru. His legal team submitted this defense during a hearing by the Orissa High Court on December 19, 2024. Several other parties, including investors and co-founders, have sought relief from the court.

Chiratae Ventures’ request to quash the FIR was heard by the court on December 10, while Goldman Sachs’ plea was heard on December 13. A joint petition by both investors was then considered on December 18.

Advertisement

Bajaj and TVS Zoom Past Ola Electric in the E-Scooter Race

By
Online Desk
-
0
Image of electrical vehicle
Bajaj and TVS Zoom Past Ola Electric in the E-Scooter Race

December marked a major shift in India’s electric two-wheeler (E2W) market as Bajaj Auto and TVS Motor surpassed Ola Electric in sales and market share. This development highlights the growing competition in the E2W space, with established players leveraging their experience to capture the market.

Total EV two-wheeler registrations dropped to an eight-month low in December, reaching 73,363 units—a 38.7% decline from November’s 1,19,671 units and a 3.4% decrease compared to December 2023. Despite the monthly dip, 2024 ended on a strong note with a 34% year-on-year growth, as registrations climbed to 11.48 lakh units from 8.60 lakh in 2023.

Bajaj Leads the Pack

Bajaj Auto sold 18,295 E2Ws in December, a 30.6% decline from November’s 26,358 units. However, the company saw a 75.5% year-on-year increase, driven by its popular Bajaj Chetak e-scooter. Bajaj’s market share grew to 25%, up from 22% the previous month, making it the segment leader.

Continue Exploring: Zepto’s New Marketplace Entity Could Signal a Shift in Quick-Commerce Strategy

TVS Motor followed closely with 17,231 registrations, a 37% drop from November. Despite the decline, its market share increased to 23.5% from 22.7%, reinforcing its strong position in the E2W market.

Ola’s Comeback Plans

To regain momentum, Ola is set to launch its Roadster series of electric motorbikes this month and has expanded its network of service centers and showrooms to 4,000 locations. The company also introduced budget-friendly models like the S1 Z and Gig and unveiled a limited-edition S1 Pro Sona e-scooter.

Continue Exploring: Log9 Co-founder Kartik Hajela Moves to Jupiter Electric Mobility in Key Role

IPO-bound Ather Energy saw its registrations dip by 19% in December to 10,429 units.

Advertisement

From Groceries to Emergencies: Blinkit Expands into Ambulance Services

By
Online Desk
-
0
Image of blinkit
From Groceries to Emergencies: Blinkit Expands into Ambulance Services

Blinkit, a popular delivery platform, has launched a 10-minute ambulance service in Gurugram to respond to medical emergencies more effectively. The pilot program currently includes five ambulances stationed strategically across the city, with each ride costing Rs 2,000.

Albinder Dhindsa, CEO of Blinkit, shared the news on X (formerly Twitter), highlighting that the initiative is focused on serving the community rather than generating profit.

CEO Explains Vision Behind New Initiative 

“Our goal is to provide fast and dependable ambulance services in growing urban areas,” Dhindsa explained. He emphasized that Blinkit plans to keep the service reasonably priced while investing in long-term enhancements. Over the next two years, the company aims to expand this initiative to major cities across India.

Continue Exploring: Zepto’s New Marketplace Entity Could Signal a Shift in Quick-Commerce Strategy

Fully Equipped Ambulances for Emergency Care

The service offers Basic Life Support (BLS) ambulances equipped with critical medical tools like oxygen cylinders, AEDs, stretchers, monitors, suction machines, and emergency medicines. Each ambulance is staffed with a trained paramedic, an assistant, and a skilled driver to ensure patients receive high-quality care during emergencies.

Dhindsa reassured users, stating that the company is committed to delivering top-notch emergency services when it matters most.

Continue Exploring: Log9 Co-founder Kartik Hajela Moves to Jupiter Electric Mobility in Key Role

How to Book

Residents in eligible areas of Gurugram can access this service via the Blinkit app, using the same interface they use to place other orders. The feature will appear automatically for users in supported locations.

Advertisement

Zepto’s New Marketplace Entity Could Signal a Shift in Quick-Commerce Strategy

By
Online Desk
-
0
Image of zepto
Zepto’s New Marketplace Entity Could Signal a Shift in Quick-Commerce Strategy

Zepto, the rapidly growing quick-commerce startup, has established a new entity called Zepto Marketplace Private Limited, a move aimed at streamlining its operations ahead of its anticipated IPO later this year, as per sources close to the situation.

Zepto’s New Strategy 

Currently, Zepto operates on a business-to-business (B2B) model. Its Indian subsidiary, Kiranakart Technologies Pvt Ltd, founded by Aadit Palicha and Kaivalya Vohra, sources products from brands and sells them exclusively to a select group of companies that manage the Zepto platform for consumer-facing sales.

Continue Exploring: Ather’s IPO: Ola, Your Electric Competition Just Got Stronger!

In contrast, competitors like Blinkit (owned by Zomato) and Swiggy Instamart have already embraced a marketplace model, where multiple sellers list their products directly to consumers.

The Launch of Zepto Marketplace Private Limited

Zepto seems ready to follow this trend. It registered Zepto Marketplace Private Limited on October 22, 2024, indicating a likely shift from its current B2B structure. This change would bring Zepto’s business operations more in line with its publicly traded competitors, Blinkit and Swiggy Instamart, as it prepares for a potential listing in India later this year.

Continue Exploring: Who Needs a Date When You Have Zomato? 4,940 Search for ‘Girlfriend’ in 2024”

“Zepto’s current structure is somewhat unclear, and it seems the company wants to simplify its model to provide greater transparency for investors before its IPO,” one source explained. “By launching a separate entity like Zepto Marketplace Pvt Ltd, the company can reorganize its operations to match the more familiar marketplace model used by rivals Blinkit and Instamart. Once this shift is complete, it will be easier for investors to evaluate Zepto’s performance alongside its competitors and make more informed comparisons,” the source added.

Advertisement
1...567...1,235Page 6 of 1,235