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Patanjali looks to open Pardan Stores before diwali
Patanjali looks to open Pardan Stores

Patanjali is planning to open Pardan Stores, a fashion garment industry, before diwali. The company aims to launch around 100 stores in FY19. It is further targeting to start 500-600 stores in the near future. The brand fee is 2.1 lakh and the area required is minimum 2000 sq ft. The company is targeting middle-class and upper-class customers. The stores will

October 21, 2018  |  comments ( 0 )  | 

Evok looking to open 25 franchise stores
Evok looking to open 25 franchise stores

Evok is the new stop for online furniture shopping with modern furniture designs catering to different styles and needs of customers. It provides a range of products from Sofa sets to recliners which are inspired by modern designs. The brand also offers Home Furniture at its offline furniture across India.  Evok has taken the home designing domain to a different level. Its stores are present in 25 locations across

October 21, 2018  |  comments ( 0 )  | 

Bonn Group aims Rs 1,000 cr turnover over next three years
Bonn Group aims Rs 1,000 cr turnover

Bonn Group has entered into Southern markets in the biscuits segment and aims to have presence in the bakery segment also in next three years. Bonn Group Punjab-based bread and biscuit maker eyes a turnover of Rs 1,000 crore in next three years driven by diversification of products and expansion across the country, said a top company official. As part of its expansion plan, Bonn Group has entered into Southern

October 20, 2018  |  comments ( 0 )  | 

BigBasket acquires majority stake in three startup ventures
BigBasket acquires majority stake in

Post raising $300 million from Alibaba Online grocer BigBasket has completed the acquisition of three ventures. BigBasket has acquired 100% stake in milk delivery startups RainCan and Morning Cart and a controlling stake in smart vending machines startup Kwik24. This move marks the company’s foray into milk delivery and omnichannel grocery delivery. “The micro delivery startup acquisition

October 20, 2018  |  comments ( 0 )  | 

Faasos plans to raise funds for overseas expansion
Faasos plans to raise funds for overseas

Faasos which is own and operated by Rebel Foods is in middle of discussion with investors to raise a little over $100 million (Rs 735 crore) mainly to expand the business in overseas market. If sources are to be believed the company is in process of closing its latest round of equity financing, estimated at $35 million, which is likely to see existing backer, marquee venture firm Sequoia Capital.  The round, which has

October 19, 2018  |  comments ( 0 )  | 

Sachin Tendulkar backed Universal Sportsbiz raises Rs 100 crore
Sachin Tendulkar backed Universal

Sachin Tendulkar-backed celebrity fashion company Universal Sportsbiz has raised nearly Rs 100 crore from Accel and its Growth Fund, along with NB Ventures Ltd and Alteria Capital as reported with leading media agencies. The board resolution for the infusion of Rs 99.2 crore was passed on Wednesday, as per regulatory filings sourced from paper VC. The latest infusion brings its total equity funding to close to $50

October 19, 2018  |  comments ( 0 )  | 

Liberty Lifestyle to target millennials for luxury perfume range
Liberty Lifestyle to target millennials

Footwear retailer Liberty which has recently ventured into lifestyle retail by introducing twelve brand-new perfumes and one aftershave to browse through and pick from Liberty Lifestyle’s new fragrance line in men as well as women category. The new product line is imagined in India and crafted in France. The company aims to sell 100,000 bottles of perfumes in the next 12 months as suggested by leading media agency. "Perfume

October 18, 2018  |  comments ( 0 )  | 

Nestle eyes 3 per cent sales growth
Nestle eyes 3 per cent sales growth

Food group Nestle confirmed it wants to grow sales by around 3 per cent this year after strong trading in North America and China pushed up underlying sales in the third quarter as reported with leading media agencies. "We are starting to see improved momentum in North America and in our infant nutrition category globally. Our business in China continued to grow at a mid single-digit pace," the maker

October 18, 2018  |  comments ( 0 )  | 

Gunjan Soni and Ananya Tripathi to exit Jabong-Myntra by December
Gunjan Soni and Ananya Tripathi to exit

Gunjan Soni, Chief marketing officer of Myntra and head of Jabong and Ananya Tripathi chief strategy officer and head of categories Mynta have decided to leave the organisation as reported with leading media agencies. Both will continue to work till December this year. As reported with leading media agencies Soni, who joined Myntra in 2015, is going to work at Singapore-based online fashion company Zalora as its CEO, while

October 17, 2018  |  comments ( 0 )  | 

Foodpanda acquires Holachef
Foodpanda acquires Holachef

Food delivery company Foodpanda has acquired Mumbai-based food-tech venture Holachef as reported with leading media agencies. According to the company, Foodpanda is looking to build deeper capabilities to cater diverse needs of millions of Indians by bringing different trusted offerings to enhanced food ordering experience. "We have been able to bring an enhanced experience for millions of customers over the

October 17, 2018  |  comments ( 0 )  | 

Amazon eyes 7-8 percent stake in Future Retail
Amazon eyes 7-8 percent stake in Future

Amazon.com Inc is looking to buy an at least 7 percent to 8 percent stake in India's Future Retail Ltd through an investment arm as reported with leading media resources. The cost of this potential cash-and-stock deal could be worth 25 billion rupees ($338 million) and is likely to be signed in the next two weeks. Earlier this year, media reports said Amazon was in talks to buy a 10 percent stake in Future Retail,

October 16, 2018  |  comments ( 0 )  | 

DailyNinja acquires WakeupBasket
DailyNinja acquires WakeupBasket

DailyNinja, a hyperlocal subscription-based delivery startup has acquired Hyderabad-based Wakeup Basket in a cash and equity deal as reported with leading media resources. Alike to DailyNinja, WakeupBasket also caters milk and groceries. This deal marks DailyNinja’s second buyout in Hyderabad after the acquisition of 4amShop a couple of months ago. This development comes after Sequoia-backed DailyNinja, founded by

October 16, 2018  |  comments ( 0 )  | 

Amazon.in sees its biggest celebration everwith record sales across all categories
Amazon.in sees its biggest celebration

Amazon.in saw its biggest Great Indian Festival celebration, with record sales across popular categories in the salefrom October 10 – 15 preceded by a 12-hour Prime Early Access. “We have received an overwhelming response to the 5th Great Indian Festival, with sales in the first 36 hours nearly surpassing entire first wave last year and the event exceeding our most aggressive plans across all categories. With 3x times surge

October 16, 2018  |  comments ( 0 )  | 

US retailer Sears Holdings Corp files for bankruptcy
US retailer Sears Holdings Corp files

 Sears Holdings Corp has filed for Chapter 11 bankruptcy as reported with leading media agencies. The Chapter 11 filing to reorganise debts of the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of store closures, and years of deals by billionaire chief executive officer Eddie Lampert in an attempt to turn around the company he bought in 2004. As per the media reports, the company

October 15, 2018  |  comments ( 0 )  | 

Philips Lighting to increase prices on select products
Philips Lighting to increase prices on

Philips Lighting is all set to increase prices by 3-5 per cent on select products as the falling rupee has made imports costlier as reported with leading media agencies. The company is facing rising input costs amid high crude oil prices, which have increased the transportation cost.  "We are going to selectively increase the prices on our products to the tune of 3 to 5 per cent in October or November... We would have to

October 15, 2018  |  comments ( 0 )  |