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Tuesday, October 22, 2024

India

Dairy tech brand Stellapps secures $26 Mn to extend mooMark business

FMCG
Dairy tech company Stellapps Technologies has successfully completed its Series C round of funding, raising a total of $26 million, comprising both equity and debt structures. Longstanding backers such as Blume Ventures, Omnivore, and the Bill...

Softy ice cream mix to attract 18% GST, not classified as dairy – Rajasthan AAR

Food & Beverage
Softy ice cream mixed in vanilla flavour is not considered a dairy product and will be taxed at 18% GST, according to the Rajasthan Authority of Advance Ruling (AAR). Vanilla mix contains 61.2% sugar, 34% milk and...

Reliance Retail’s AZORTE opens 12 new stores across India

Retail & Ecommerce
Reliance Retail's fashion brand AZORTE has expanded by opening 12 new stores in major Indian cities. The brand now has stores in Jaipur, Udaipur,...

Tata Consumer’s ready-to-drink business falls 11%, lowers price due to Campa Cola

FMCG
Tata Consumer Products Ltd (TCPL) had to lower the price of Tata Gluco Plus due to aggressive pricing from rival Campa Cola. The company's...

Tata Starbucks dominates India’s Café scene with 457 stores across 70 cities

FMCG
Tata-owned Starbucks is now the largest organised café operator in India. They added 19 new outlets in five cities in Q2 FY25. India now...

Tata Consumer Products Q2 FY25 Net Profit Surges 8% to INR 364 Crore

FMCG
Tata Consumer Products reported an 8% rise in net profit for the quarter ending September 2024, reaching INR 364 crore, compared to INR 338...

Mamaearth becomes 3rd largest skin care brand in India

Skincare
Mamaearth, a direct to consumer (D2C) brand, announced it is now the 3rd largest skincare brand in India, according to Euromonitor International on Thursday,...

Nestle India Q2 FY25 net profit dips to INR 899.5 Cr, revenue up 1.3%

Food & Beverage
Nestle India reported a net profit of INR 899.5 crore in Q2FY25, slightly lower than INR 908 crore in the same quarter last year....

Wow! Momo targets INR 600 cr revenue for FY25

Food & Beverage
Wow! Momo, the fast food chain from Kolkata, aims to exceed INR 600 crore in revenue for financial year 2024-25 (FY25). However, Wow! Momo's revenue...

Wow Skin Science partners with US pharmacy chain CVS, targets 2000 stores

Skincare
WOW Skin Science, a top global beauty and wellness brand, has hit a major milestone in its United States expansion. The brand's nine signature...

Indian Bakery Brand Bakingo opens 100th kitchen 

Food & Beverage
India’s bakery brand, Bakingo, has opened its 100th kitchen. Creating a milestone, they are expanding in cities like Patiala, Jaipur, Meerut, Dehradun, Bahadurgarh, Agra,...

Reliance Retail announces joint venture with Mothercare brand

Retail & Ecommerce
India's top retailer, Reliance Retail Ventures Ltd, announced a joint venture with Mothercare plc, a global expert in products for parents and young...

Malabar Gold & Diamonds opens new flagship showroom in US, plans 20 global openings

Luxury
Malabar Gold & Diamonds announced the opening of its flagship showroom in Los Angeles, the largest and fifth location in the US on Wednesday,...

Brown Living raises pre-seed funding to further sustainable living in India

Hospitality
Brown Living, a top platform in India for sustainable and plastic-free living, has raised pre-seed funding to make eco-friendly living the norm for millions...
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