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Mirah Hospitality merges with SKFS food company in INR 80 Cr deal, plans pan-India expansion
Food services company SKFS Group has acquired Mirah Hospitality & Gourmet, owner of Rajdhani, Bayroute, and Hitchki, for INR 80 crore.Looking to scale up...
Quick commerce market to reach $40 Bn by 2030, engulfs nearly half of kirana sales
Quick commerce companies are surpassing traditional retailers, with 46% of consumers reducing purchases from Kirana shops. The quick commerce market is expected to reach...
Sula Vineyards ltd registers record revenue of INR 271.7 cr in H1FY25, 3.7% YoY
Sula Vineyards Limited, India's leading wine producer, reported a record net revenue of INR 271.7 crore for the first half of FY25, marking a...
Nashville Fried Chicken expands to Delhi with Massive Restaurants
Nashville Fried Chicken (NFC), led by Zorawar Kalra, has expanded to Delhi-NCR after successful stints in Bangalore, Hyderabad, Chennai, and Mumbai.As part of Massive...
Indian Glycols ltd forays into local beverages market with Amrut Distilleries
India Glycols Limited (IGL), a leading specialty chemicals and alcoholic beverages company, has entered India's premium alcoholic beverages market through a partnership with Bangalore-based...
Zomato to raise INR 8,500 Cr via QIP in December
Food delivery giant Zomato is planning to launch a INR 8,500 crore qualified institutional placement (QIP) in December 2024, depending on market conditions.Morgan Stanley...
FirstCry narrows loss to INR 62.85 Cr, revenue jumps 26.7%
FirstCry, a leading kids-focused omnichannel retailer, reported a significant reduction in its consolidated net loss for the second quarter of FY25. The company's net...
Rise of quick commerce is challenge to retailers, will become political issue – Uday Kotak
Kotak Mahindra Bank founder Uday Kotak has sounded a warning that the rapid growth of quick commerce trade poses a significant challenge to traditional...
Delhivery net profit surges to INR 10.2 Cr, revenue sees 8.1% jump in Q2
Delhivery, a leading logistics company, reported a consolidated net profit of INR 10.2 crore in the September quarter of FY25, marking its second consecutive...
FMCG growth sluggish due to rising housing cost and lower wage in urban areas – Britannia
Britannia Industries' executive vice-chairman, Varun Berry, revealed that metropolitan cities hindered the fast-moving consumer goods (FMCG) market growth in the previous quarter.Housing cost is...
Agri-startup Fresh From Farm to distribute private-label fruits, eyes INR 100 Cr revenue
New Delhi-based agri-startup Fresh From Farm (F3) has announced its private-label branded fruits in the Delhi NCR region.F3 to contribute 20% of revenue to...
Mamaearth’s parent company Honasa registers loss of INR 18.57 Cr, revenue declines 6.9%
Honasa Consumer Ltd, the parent company of popular FMCG brands Mamaearth and The Derma Co, reported a consolidated loss of INR 18.57 crore for...