[Funding Alert] Get-A-Way Bags $2 mn Funding from Sky Gate Hospitality
[Funding Alert] Get-A-Way Bags $2 mn Funding from Sky Gate Hospitality

Healthy dessert brand, Get-A-Way has raised funding of around $2 million from Sky Gate hospitality, the parent company of Biryani By Kilo. The start-up founded in 2019, has launched healthy desserts which have no added sugar, are high in protein, are keto-friendly, and are low in calories.

Get-A-Way is a start-up that appeared in Shark Tank India season 1 and bagged an investment of Rs 1 crore from 3 investors, Aman Gupta, Ashneer Grover, and Vineeta Singh. 

Founded by Jash Shah, Pashmi Shah, siblings who quit their corporate marketing jobs in FMCG and Fashion, along with their mother, Jimmy Shah, a serial entrepreneur. The start-up has succeeded in making delectable desserts without compromising on the health aspect. The brand offers an array of desserts such as high-protein ice creams, low calories kulfis, popsicles, ice cream sandwich, and much more. Healthy cakes and vegan ice creams will be launched soon.

The collaboration with Biryani by Kilo opens avenues for Get-A-Way and helps the brand broaden its horizon through a robust distribution network of over100+ cloud kitchens in 45+ cities. 

Jash Shah Co-Founder and CEO, Get-A-Way, said, “At Get-A-Way, our aim is to make desserts that are healthy yet outrageously tasty. We have a deep-rooted conviction to change how people eat, without feeling guilty about giving in. We are thrilled to have partnered with Biryani by Kilo who also believes strongly in product innovation and a consumer-centric approach. These funds will enable us to innovate in terms of product, build an extremely agile distribution and create brand awareness.” 

Kaushik Roy - Founder and CEO BBK, said, "We as F&B brand are always looking to push the boundaries and release innovative products for our consumers. With the extension of our strategic partnership with Get-A-Way, we will now have an array of healthy dessert options for our patrons to choose from. This strategic partnership extends Get-A-Way ice cream and dessert assortment to BBK 100+ outlets distribution channels and will diversify the brand's retail footprint too.” 

Vishal Jindal, Founder, and Co-CEO, Biryani by Kilo said, “We are elated to partner with Get-A-Way. Biryani is a perfect feast for every festive occasion and is considered to be a satiating and comforting food. We as a brand help celebrate special moments. With this partnership, we are combining our brand power to reach out to new and existing customers to offer a combination of delectable biryani with sumptuous desserts. With our investment and deep value-addition, we are confident in scaling Get-A-Way to become category creators as well as category leaders in several emerging categories.” 

With the prodigious amount of love shown by the customers, Get-A-Way plans to serve them with products that are truly innovative. The company will use the fresh capital to hire talent, expand manufacturing capabilities, widen its product portfolio and create a robust sales channel. They also plan on launching healthy cakes, vegan ice creams, and many more interesting products in the next 1-2 months. In continuation with this, the brand also plans to expand into new territories like the Middle East in 2023.

 
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Retail India News: Tramontina Expands Reach in Indian Retail Market
Retail India News: Tramontina Expands Reach in Indian Retail Market
 

Tramontina, a globally recognized houseware brand with a rich Brazilian heritage spanning a century, has announced its eagerly awaited entry into the Indian retail market. With a presence in over 120 countries, the brand is set to introduce its renowned standards of quality and innovation to India with specially curated product lines tailored to suit Indian preferences.

This launch in India marks a significant milestone in Tramontina's journey of growth and expansion, building upon its successful ventures in North America, Latin America, and Europe. Prioritizing health and safety, the brand will kickstart its Indian venture by introducing a range of toxin-free cookware, with plans to expand into a comprehensive houseware solution range encompassing cookware, tableware, cutlery, furniture, and more shortly. Concurrently, Tramontina aims to establish a strategic partnership to establish a state-of-the-art manufacturing facility in India, thereby reinforcing its presence and diversifying its product offerings.

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.

Established in 1911 in Carlos Barbosa, South America, Tramontina has emerged as a household name over the past century, boasting a vast product range exceeding 22,000 offerings, spanning cookware, furniture, appliances, and more. The brand's meticulous manufacturing processes guarantee products that are not only aesthetically superior but also durable.

Demonstrating a commitment to sustainable practices, Tramontina upholds a comprehensive Environmental Management Program to ensure the judicious use of natural resources, underscoring its dedication to environmental responsibility.

With its debut in the Indian market, Tramontina intends to roll out a "worry-free" cookware range and its renowned knife collection in the initial phase, followed by flatware and tableware assortments. Designed to meet the standards of both everyday home users and professional chefs, this professional-grade cookware is crafted without toxins and PFAS, establishing it as a safe and preferred choice for Indian households. Tramontina aims to elevate household experiences for Indian consumers, aspiring to become an indispensable part of Indian homes for generations to come.

 

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[Funding Alert] Jumbotail Bags Rs 151 cr in Series C3 Funding Round Led by Artal Asia
[Funding Alert] Jumbotail Bags Rs 151 cr in Series C3 Funding Round Led by Artal Asia
 

Jumbotail, India’s prominent B2B marketplace and New Retail platform for food and grocery has successfully raised Rs 151 crore in equity capital during its Series C3 funding round, with Artal Asia Pte. Ltd. (“Artal”) leading the investment. Other key investors included Heron Rock, Sabre Investment, Arkam Ventures, Jarvis Reserve Fund, Reaction Global, and VII Ventures. The funding infusion is earmarked to bolster Jumbotail’s suite of GTM (Go-To-Market) products and services, facilitating new and emerging brands to access mass-market consumers through Jumbotail’s extensive network of kirana stores across India. Jumbotail's strategic focus revolves around deploying AI-driven technologies to drive higher customer wallet share by capitalizing on its robust sourcing capabilities across FMCG and staples, along with its industry-leading kirana supply chain.

Ashish Jhina, Co-Founder and COO of Jumbotail said, “Jumbotail serves as the most expedient and capital-efficient avenue for brands to tap into over 100 million urban middle-class consumers through kirana stores on our platform. Our intent is to fortify our leadership position by deepening our presence in existing markets and facilitating brands to reach kiranas with minimal total cost of activation and the swiftest route to market in the sector. We anticipate achieving full profitability on an operational basis across our entire network by the end of 2024. We are gratified to witness esteemed investors reaffirming their commitment to our mission of revolutionizing India’s food and grocery retail ecosystem.

A multitude of national and regional brands in India directly collaborate with Jumbotail, jointly strategizing to enhance range availability, product discovery, and sales growth to kirana stores through Jumbotail’s eB2B platform. Through Jumbotail, brands wield significant influence over the entire demand funnel, from generating kirana awareness about their products to driving consumer awareness via kirana stores, utilizing Jumbotail’s digital marketing suite and tech-driven ops capabilities. With over 60 percent market penetration of kiranas in the cities it serves, Jumbotail boasts the highest wallet share and monthly purchase frequency among small and medium kirana stores in the industry. All sales generated by Jumbotail are through unassisted digital orders placed organically by kirana stores across India via Jumbotail B2B digital retailer app. The company’s remarkable 98 percent order fill rate and 95 percent on-time deliveries, coupled with its fintech-enabled access to working capital, offer kiranas an unparalleled service level, rendering Jumbotail the preferred platform for small and medium kirana stores and FMCG and staples brands targeting urban middle-class consumers through these kiranas.

Benjamin Felt, Board Member of Jumbotail and Managing Director of Invus, the global advisor of Artal said, "We are enthused to witness Jumbotail's sustainable growth trajectory, underscored by a robust focus on profitability and capital efficiency. Since Artal’s initial investment in Jumbotail in 2021, the company has consistently showcased its distinctiveness and market leadership in digitally empowering the kirana ecosystem.

Since its previous equity funding round in December 2021, Jumbotail has reinforced its market dominance, expanded its footprint nationwide, and substantially augmented market reach for its FMCG and staples brand partners, leveraging its economies of scale to expedite the journey towards profitability. The company intends to onboard top-tier teams in deep sourcing, category management, product management, AI/ML, and marketing.

With an estimated 12 million kirana stores in India overseeing more than 95 percent of the country’s $600B+ food and grocery market, these stores remain indispensable for Indian consumers and serve as the economic backbone of the nation. Startups like Jumbotail, armed with technology, supply chain, and fintech solutions, are poised to reshape the kirana store ecosystem at an unprecedented pace and scale in the coming years, empowering kirana retailers to meet the evolving needs of the next-generation Indian consumer.

 

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Retail India News: Livpure Q3 Results: Reports Robust Financial Growth, Driven by Strong Revenue Growth
Retail India News: Livpure Q3 Results: Reports Robust Financial Growth, Driven by Strong Revenue Growth
 

Livpure, a prominent player in India's home and living consumer product sector, has announced impressive financial results for the third quarter of the fiscal year 2023-24. The company achieved a remarkable 77 percent quarter-over-quarter revenue growth in its Water-as-a-Service (WAAS) category, reaffirming its pioneering role in the water subscription segment.

The company's diverse product portfolio experienced significant growth across various segments during the quarter. The water purifier category witnessed a substantial 61 percent growth, while the air cooler and sleep categories saw impressive increases of 171 percent and 91 percent, respectively. This strong performance underscores Livpure's dedication to innovation and its commitment to offering exceptional products that cater to the diverse needs of consumers.

The growth trajectory extended across all sales channels, with notable increases recorded. General trade witnessed a solid 52 percent growth, while e-commerce experienced an astounding 336 percent surge. Modern trade and exports also saw substantial growth, with increases of 181 percent and 289 percent, respectively. These figures underscore Livpure's strategic expansion efforts and its ability to engage consumers through various touchpoints.

Rakesh Kaul, MD of Livpure said, “We are delighted with the remarkable growth achieved in the third quarter, particularly in our flagship Water-as-a-Service category. Our achievement is a result of our steadfast commitment to innovation, quality, and customer satisfaction. We remain dedicated to providing cutting-edge solutions that enhance the well-being of our customers and contribute to a healthier and more sustainable future.” 

Among the notable highlights of the quarter was Livpure's first-ever export of air coolers to Nepal, serving over 6 million satisfied consumers to date. The successful launch of new products, including Hydroboost, new air cooler models, and the integrated UTC-Stealth, also contributed to the company's growth. Additionally, Livpure expanded its retail footprint by partnering with renowned chains such as Aditya Vision, Maharashtra Elect, Surya Electronics, Reliance Digital, and JioMart.

With its innovative product offerings, expanding distribution network, and customer-centric approach, Livpure continues to consolidate its position as a leader in the home appliance industry. The company remains focused on driving sustainable growth and establishing new benchmarks for excellence in the retail sector.

 

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Retail India News: Lee Cooper Disrupts Flagship Women's Footwear Segment with 'No Shoe Party'
Retail India News: Lee Cooper Disrupts Flagship Women's Footwear Segment with 'No Shoe Party'
 

Lee Cooper, the renowned denim brand, organized an exclusive "No Shoe Party" in Mumbai to unveil its flagship women's footwear collection. This marked Lee Cooper's entry into the women's footwear segment, with a unique event where guests were encouraged to shed their shoes and step into the world of Lee Cooper footwear. The party lasted until the early hours, with attendees dancing the night away in the comfortable Lee Cooper footwear, and they were pleasantly surprised to receive their chosen footwear as gifts after the event.

The SS’24 women's footwear collection by Lee Cooper, named "Shoes Don't Judge," offers a diverse range of designs suitable for various styles and occasions. This collection features a unique style, a wide range of colors, and materials suitable for all events. In a world filled with judgment and stereotypes, shoes symbolize impartiality and acceptance. They do not discriminate based on appearance, status, or background. Instead, they serve as a form of self-expression, enabling individuals to express their true selves. For Lee Cooper, "Shoes Don't Judge" is not just a campaign but a movement that celebrates individuals' choices and preferences without judgment.

Adding to the launch of Lee Cooper's flagship women's footwear range was the presence of the talented actress Sanya Malhotra, who expressed her excitement about the "Spring Summer’24 collection." She praised the collection for its quality, comfort, and style, stating that it has become her personal favorite.

The concept of the "No Shoe Party" was created to celebrate individuality, perfectly aligning with Lee Cooper's values of self-expression and authenticity. Guests enjoyed an evening of music, fashion, and fun while showcasing Lee Cooper's stylish and comfortable footwear. Winners of a digital contest across Lee Cooper’s social media platforms also joined in the celebration, adding to the excitement of the event.

 

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Retail India News: BSH Home Appliances Marks its Advent in the Cleaning Category in India
Retail India News: BSH Home Appliances Marks its Advent in the Cleaning Category in India
 

BSH Home Appliances Pvt. Ltd a subsidiary of BSH Hausgeräte GmbH, a global leader in the home appliance industry, has introduced the Bosch Unlimited 7 Handstick Vacuum Cleaner for Indian consumers. This launch signifies an endeavor to redefine home cleaning experiences in India, addressing local consumer preferences and needs effectively.

The Bosch Unlimited 7 stands out as an ideal solution for Indian households, efficiently capturing over 99.9 percent of dust. This innovative vacuum cleaner responds directly to the changing needs of Indian homes, combating escalating dust levels resulting from rapid construction and increased pollution.

Powered by a TurboSpin motor generating 66,000 rpm, the Unlimited 7 ensures robust suction power across various surfaces. With a 3.0 Ah battery, it offers extended runtime, enabling cleaning of up to 1000 sq ft on a single charge. Its flexible tube enhances maneuverability, while the quick stand facilitates convenient storage, streamlining the cleaning process.

The Unlimited 7 distinguishes itself with intuitive features like the nozzle foot release, flex tube, and ergonomic handheld design. Its flexible tube adapts to user movements, simplifying cleaning of tricky spots without strain. LED lights illuminate dark corners, ensuring thorough cleaning, while the auto mode with auto-adjust power optimizes efficiency based on the surface being cleaned.

Saif Khan, MD and CEO, BSH Home Appliances said, “At BSH, we put consumers at the forefront of our innovations. Introducing the BSH Unlimited 7 Handstick Vacuum Cleaner marks our strategic entry into the cleaning category. In a landscape where lifestyles continually evolve, so do the expectations of consumers. The Unlimited 7 seamlessly aligns with this transformative shift, presenting itself not merely as a cleaning tool but as a sophisticated smart companion, bringing innovative solutions to elevate the cleaning experience for modern Indian households.

In addition to its exceptional features, the Bosch Unlimited 7 Handstick Vacuum Cleaner is available in multiple color options, providing customers the flexibility to choose according to their aesthetic preferences. Priced at Rs 30,000 onwards, the Bosch Unlimited 7 Handstick Vacuum Cleaner is poised to revolutionize the Indian market, offering consumers a superior cleaning solution blending power, efficiency, and convenience seamlessly.

 

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Retail India News: Skechers Showcases Streetwear Capsule at Lakme Fashion Week
Retail India News: Skechers Showcases Streetwear Capsule at Lakme Fashion Week
 

American footwear and apparel brand Skechers made its inaugural appearance at Lakmē Fashion Week in partnership with the Fashion Design Council of India (FDCI), unveiling a streetwear apparel capsule collection designed by Indian designer Kanika Goyal, according to a press release issued. Known as 'Retroverse,' the Skechers X Kanika Goyal collaboration will hit retail stores on 22 March 2024.

The event, hosted at Jio World Convention Centre in Mumbai's Bandra Kurla Complex, witnessed over 1,300 events and welcomed more than 2.5 million visitors.

Today we debuted Skechers India’s first streetwear collection at the Lakmē Fashion Week X FDCI. Though the Skechers ‘Retroverse’ capsule is a wink to our past, it represents a step forward for our brand as we push the boundaries of fashion innovation and walk the runway of Lakmē Fashion Week in partnership with FDCI,” said Rahul Vira, CEO, Skechers Asia Pvt Ltd

Indian actress and Skechers brand ambassador Kriti Sanon graced the runway as the showstopper for the fashion show.

Kanika Goyal shared her enthusiasm for collaborating with Skechers to create their inaugural capsule collection for India, describing the experience as exhilarating and creative.

Skechers South Asia, a subsidiary of California-based Skechers U.S.A Inc., was founded by Robert Greenberg in 1992. The company specializes in designing, developing, and marketing lifestyle and performance footwear, apparel, and accessories for men, women, and children.

With a presence in 180 countries and territories, Skechers products are available through various retail channels, including department stores, specialty stores, digital platforms, and approximately 5,170 company and third-party-owned physical retail outlets.

 

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Retail India News: Decathlon to Ramp Up Retail and Manufacturing Investments in India
Retail India News: Decathlon to Ramp Up Retail and Manufacturing Investments in India
 

Decathlon, the French sports retailer, is intensifying its efforts to expand production and strengthen its retail presence in India, which Barbara Martin Coppola, its Global CEO, describes as one of its "most important" global markets.

Decathlon anticipates sustaining its robust growth momentum in the Indian market, which is evolving into a crucial manufacturing hub for the sports retailer. Currently, around 65 percent of its production in India is exported to global markets.

India ranks among Decathlon's top ten global markets, boasting a growth rate twice that of others since its entry in 2009. The retailer operates 129 stores across the country. Coppola commends India's evolving sports culture, particularly among the middle class, driven by rising incomes and a burgeoning economy. She notes a growing appetite for sports consumption and vibrant energy in Decathlon's stores, affirming India's status as a major market for the brand.

Decathlon plans to accelerate local production and sourcing while expanding its retail footprint in India. The country is pivotal to Decathlon's global operations, leveraging its digital prowess and innovative manufacturing capabilities. With India progressively manufacturing diverse sports products, including bikes, backpacks, tents, and textiles, Decathlon aims to increase local sourcing to 85 percent within the next two years.

The retailer acknowledges India's burgeoning sports participation, fueled by societal shifts and increased disposable incomes. The middle class, in particular, is embracing sports, aided by a rise in sporting avenues and leisure spending. Decathlon's app has garnered nearly 29 million downloads in India, offering a seamless omni-channel experience that extends beyond selling sports goods to providing space for sports-related activities in its stores.

 

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Retail India News: Samsung Anticipates 24% Surge in Rs 30,000 Smartphone Market, Unveils Galaxy A55 and A35
Retail India News: Samsung Anticipates 24% Surge in Rs 30,000 Smartphone Market, Unveils Galaxy A55 and A35
 

In an exciting development for tech enthusiasts, Samsung predicts a substantial 24 percent surge in the Rs 30,000-50,000 smartphone segment this year. This projection comes alongside the launch of its latest premium segment smartphones, the Galaxy A55 and Galaxy A35. Aditya Babbar, VP MX Business at Samsung India, highlighted the company's anticipation of outpacing market growth, attributing it to the rising trend of premiumization and accessible finance options.

"The Rs 30,000-50,000 smartphone segment is witnessing remarkable growth, with analysts projecting a 24 percent volume increase this year. We're confident of exceeding this growth rate," stated Babbar.

Samsung, holding an 18 percent market share in 2023 as per Counterpoint Research, aims to fortify its leadership position in the premium smartphone space with the new releases. The Galaxy A35 5G is priced between Rs 27,999 and Rs 30,999, while the Galaxy A55 5G ranges from Rs 36,999 to Rs 42,999.

Babbar emphasized Samsung's commitment to enhancing user experiences through a three-pronged approach: democratization of features, affordability, and experience. The new devices boast features like metal frames, IP67 water resistance, Gorilla Glass Victus protection, and Samsung Knox Vault security.

Counterpoint Research data suggests a promising outlook for India's smartphone market, with a projected 5 percent growth in the coming year. Factors contributing to this growth include the increasing adoption of 5G, premiumization trends, and improved economic conditions.

The surge in the premium segment in 2023, witnessing a 64 percent year-on-year growth, was fueled by accessible financing schemes. Samsung, in collaboration with partners like Bajaj Finance and other NBFCs, aims to further facilitate purchases through installment plans, starting at Rs 1,792 per month for the Galaxy A55.

With these strategic moves, Samsung is poised to capitalize on the burgeoning demand for premium smartphones, offering consumers cutting-edge technology coupled with accessible financing options.

 

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Godrej Interio Aims for Rs 250 cr Retail Expansion in India's Mattress Market
Godrej Interio Aims for Rs 250 cr Retail Expansion in India's Mattress Market
 

Godrej and Boyce, the cornerstone of the Godrej Group, have revealed plans for their retail arm, Godrej Interio, to elevate its mattress category to Rs 250 crore within the next three years. The renowned furniture solutions brand is gearing up to enrich its mattress range across diverse price segments and venture into complementary categories like sofa beds, mattress beds, bases, and accessories to ensure optimal posture support. Prioritizing wellness, the brand recently introduced a range of innovative mattresses, including the Air Sense mattress with a removable and washable 3D Silver Mesh top for enhanced breathability and temperature control. Additionally, their patented Posture Support Mattress, featuring Pressure Neutralising Zones, promises tailored support according to individual body weights.

Dev Sarkar, Senior Vice President (B2C) at Godrej Interio said, “In India, the evolving lifestyle dynamics, characterized by increased stress and anxiety, are reshaping the mattress industry. We firmly believe that quality sleep is intrinsically linked to overall well-being, elevated living standards, and enhanced productivity. A supportive mattress is essential for rejuvenating sleep, ensuring individuals wake up refreshed and revitalized. Recent studies have underscored the crucial role of mattress designs in improving sleep quality, alleviating pain, and maintaining spinal alignment. At Godrej Interio, we integrate extensive research into our design philosophy, evident in our Pressure Neutralising and 3D Silver Mesh technology, alongside our focus on advanced foam materials. With a dedication to innovation and customer well-being, we are poised to achieve a 20 percent Compound Annual Growth Rate (CAGR) in our mattress category over the next three years.

The burgeoning disposable income of consumers and their heightened awareness regarding the impact of mattresses on overall health and sleep quality are driving significant growth in the market.

According to the HomeScapes study commissioned by Godrej Interio, one in every three respondents (33 percent) regards their home as a sanctuary—a haven for personal relaxation, meditation, self-care, and enjoying moments in the balcony garden. Recognizing the pivotal role of sleep in holistic well-being, the market has transitioned from conventional mattresses to a diverse range, reflecting evolving consumer preferences influenced by travel experiences. There has been a shift from traditional coir mattresses to a diverse array, including Pu Foam, Bonded Foam, Memory Foam, Latex, and various spring variants like Bonnel and Pocket. Godrej Interio addresses this evolving demand with its Accupadic range, featuring the Aqmatic Mattress (available in Bonnel and Pocket Spring variants). Beyond mere comfort, this mattress contributes to optimal blood circulation and speedy recovery from muscle strain. Elevate your sleep experience with the Accupadic Aqmatic Mattress—ushering in a new era of comfort and well-being.

In celebration of World Sleep Day, the brand is offering customers discounts of up to 15 percent or the chance to win exciting gifts (pillows/comforters, etc.) worth up to Rs 22,000.

 

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Retail India News: Pantaloons to Redefine Professional Fashion with 'Workdrobe'
Retail India News: Pantaloons to Redefine Professional Fashion with 'Workdrobe'
 

Pantaloons has introduced its latest campaign, 'Workdrobe,' aiming to celebrate the unique style of every woman and encourage them to express their authentic selves in the workplace. 'Workdrobe' focuses on adaptability, comfort, and originality in professional attire, empowering women to confidently showcase their individuality while pursuing their careers.

Conceived by Pantaloons and Chalk and Chini, the 'Workdrobe' campaign features a diverse group of women in various professional settings, each representing a distinct sense of fashion and work approach. With the tagline 'Your Work Day, Styled Your Way,' the campaign highlights women confidently making their work choices, embracing their true selves, and redefining style according to their preferences.

From the Creative Genius sporting bold prints and unconventional silhouettes to the Glam Powerhouse exuding sophistication with a touch of glamour, the campaign showcases the diverse possibilities of fashion beyond traditional office hours. Reflecting the evolving nature of work post-pandemic, the campaign also portrays real-life work scenarios, including the Elegant Multitasker managing work from home and the inspiring D2C Entrepreneur embodying the Boss Lady persona.

The campaign brings to life Pantaloons' extensive range of fashion offerings for the workplace, featuring printed coordinated sets, contemporary kurta sets, well-tailored classic pieces, comfortable dresses, and essential accessories such as shoes and bags. Additionally, the campaign includes an exclusive workwear collection by W, available exclusively at select Pantaloons stores.

Sangeeta, CEO of Pantaloons said, "The nature of work and workwear has evolved drastically over time. Office goers now bring their unique personalities to work and represent themselves, confidently and authentically in all that they do. The ‘Workdrobe’ campaign encourages authenticity, creativity, and self-expression, reflecting the modern woman's diverse interests and fashion choices.

In a world full of ‘shoulds’ and ‘musts’, our muse for the campaign chooses ‘can’ and ‘will’. Confidence is her fashion, and she wears it boldly in her own unique way that works for her. With ‘Workdrobe’, we have tried to put the spotlight on this woman as she extends her individuality to her workplace with an authentic flair,” added Isha Sahu, Founder and Strategist, Chalk and Chini. 

 

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Retail India News: Voltas Expands SmartAir Inverter AC Portfolio with New Innovation
Retail India News: Voltas Expands SmartAir Inverter AC Portfolio with New Innovation
 

In a bid to fortify its dominance in India's retail Cooling Products sector, Voltas, the leading brand in the realm of cooling solutions and the premier AC brand under the Tata group, has rolled out its latest innovation – the SmartAir Inverter AC series. This new lineup is designed to cater to the evolving demands of consumers, blending advanced technology with affordability.

The SmartAir Inverter AC series boasts a range of intelligent features and IoT capabilities aimed at enhancing user experience. With lower noise levels, seamless temperature adjustments, and advanced functionalities accessible through the Voltas Smart Mobile App, consumers are offered unprecedented control and convenience. Notably, the IoT-enabled devices can effortlessly integrate with users' networks and smart speakers, compatible with popular platforms like Alexa and Google Home. Furthermore, consumers can track and analyze their energy usage with the Energy Consumption Trend graph feature.

Pradeep Bakshi, Managing Director and CEO, Voltas Limited said, “Voltas has always been a flag bearer of innovation in the Cooling Products and Home Appliances domain. The product that we have launched is in line with the market demand and to meet the growing expectations of consumers in the Indian market, by offering them unique technology at an affordable price. Voltas’ SmartAir ACs come with a unique value proposition of smart and IoT enabled features and its unique Super Silent Operation for additional comfort and convenience. Given the strong summer predictions, we at Voltas are well-prepared to meet the surge in demand with our new range."

With consumer preferences shifting towards tech-savvy options that prioritize comfort and convenience, Voltas aims to capitalize on this trend with its SmartAir ACs. The company's market insights indicate a growing inclination among Indian consumers to upgrade their home appliances, particularly those equipped with advanced technology.

To complement its product launch, Voltas will soon unveil a television commercial as part of its summer promotional campaign, highlighting the effectiveness of the SmartAir Air Conditioners. The 2024 RAC product portfolio by Voltas encompasses a total of 81 SKUs, including a variety of Inverter ACs, Fixed Speed Split ACs, Window ACs, Air Purifiers, and Water Heaters. Additionally, the company has introduced 47 new SKUs of Commercial Refrigeration products, further strengthening its overall portfolio.

As the summer approaches, Voltas aims to entice consumers with attractive financing offers, including cashback incentives, easy EMI finance options, and a 5-Year Warranty on PCB, ensuring ease of adoption and accessibility for customers. With its SmartAir Inverter AC series, Voltas continues to set the benchmark for innovation and affordability in India's retail Cooling Products market, catering to the evolving needs of consumers while maintaining its position as the industry leader.

 

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Retail India News: Jaypore Expands Product Portfolio with New Spring Summer '24 Range
Retail India News: Jaypore Expands Product Portfolio with New Spring Summer '24 Range
 

Jaypore introduces its Spring Summer '24 collection, blending traditional Indian craftsmanship with modern aesthetics. The collection features a range of breathable cotton garments, including floral dresses, kurtis, and trousers, designed for comfort and style in the warm weather.

As one of India's premier artisanal brands, Jaypore offers a diverse selection of apparel, jewelry, home decor, and accessories. The brand is committed to showcasing authentic Indian products that celebrate the country's rich heritage while catering to modern lifestyles.

Sooraj Bhat, CEO, Ethnic Business, Aditya Birla Fashion and Retail Ltd said, “The SS’24 collection highlights Jaypore's steadfast commitment to harmonizing traditional craftsmanship with contemporary aesthetics. It reflects our firm dedication to providing customers with timeless apparel, jewellery and home accents that pays homage to our rich historical legacy while embracing modernity. The new SS’24 collection embodies a timeless elegance while prioritizing the comfort and crafts this season needs. The light fabrics, chic silhouettes, and crafts such as block prints, Ajrakh, Hand-embroidery, Chikankari, Ikat textiles, Tribal silver, Temple, and Filigree jewellery, and many more make a perfect addition to any summer wardrobe and home.”  

The SS'24 collection features curated Indian crafts like block prints, ajrakh, hand embroidery, and ikat, among others. The 'Lagom' range, inspired by Bauhaus aesthetics, combines modern design with traditional Ajrakh prints, creating a unique fusion of artistry and sophistication. Drawing inspiration from nature, the Kaashni collection showcases line-drawn floral motifs and vibrant block prints, capturing the essence of spring. The Gauri range pays homage to Goddess Parvati with its classic ethnic silhouettes and khadi block prints, evoking purity and brilliance.

The Camilla collection features botanical prints on breezy linen blend fabrics, while the Naisha range offers sorbet-dipped hues and delicate embroidery for a fresh summer look. For men, the Chippa and Aadir collections offer modern interpretations of traditional craft techniques, such as hand-pressed block prints and striped patterns.

In addition to apparel, Jaypore's SS'24 collection includes artisanal accessories like tribal silver earrings, filigree necklaces, and temple jewelry, adding the perfect finishing touch to any ensemble. With prices starting at Rs 3,000, the SS'24 collection invites fashion enthusiasts to explore and embrace India's rich heritage of craftsmanship. The collection is now available at Jaypore stores nationwide and online.

 

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Retail India News: JBL Debuts Sustainable Speakers for Holi Celebrations
Retail India News: JBL Debuts Sustainable Speakers for Holi Celebrations
 

As Holi approaches, JBL introduces its latest range of eco-friendly speakers, capturing the essence of the festival while prioritizing sustainability. Offering a diverse selection, from the compact JBL CLIP 4 Eco and JBL Go 3 Eco for on-the-go music enthusiasts to the robust PartyBox Club 120 and PartyBox Stage 320 speakers for terrace and rooftop gatherings, JBL aims to enhance festive experiences while minimizing environmental impact.

The JBL Go 3 Eco and JBL Clip 4 Eco deliver five and ten hours of uninterrupted music playback, respectively, boasting IP67 waterproof and dustproof features for durability. Crafted with 90 percent PCR plastic and 100 percent recycled fabric, these speakers come in sustainable packaging, reducing the consumption of virgin plastic and lowering the product's overall carbon footprint.

Expanding its PartyBox range, JBL introduces the PartyBox Club 120 and PartyBox Stage 320, featuring powerful sound and enhanced bass, ensuring an unforgettable Holi celebration. With splashproof and dust/colorproof technology, these speakers guarantee uninterrupted music and revelry during the festival.

Equipped with AI Sound Boost, the PartyBox Club 120 offers twelve hours of playtime and two mic inputs, while the PartyBox Stage 320 boasts two high-sensitivity woofers and dual tweeters for detailed sound reproduction. Both speakers incorporate post-consumer recycled materials, contributing to environmental sustainability.

To promote the new lineup, JBL plans on-site activations at retail locations and malls across North, East, and West India, allowing customers to experience the exceptional sound quality and durability firsthand. These activations aim to highlight JBL's commitment to providing innovative and eco-friendly audio solutions for every occasion, including the festive season.

Vikram Kher, Vice President of Lifestyle at HARMAN India said, “This year, the festival of colors deserves a sound that resonates with vibrancy, and JBL is here to deliver that. This new launch we're not only bringing the party with powerful sound and immersive experiences, but also doing our part for the environment with our eco-friendly options. Let this Holi be remembered not just for the colors but for the unbeatable beats that accompany them.

 

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Retail India News: Bad Monkey Beer Makes Official Entry into Uttar Pradesh
Retail India News: Bad Monkey Beer Makes Official Entry into Uttar Pradesh
 

Sinq Beverage Pvt Ltd, the creator of Bad Monkey Beer, has officially launched its product in Uttar Pradesh, India. Priced at Rs 130 for a 500 ml can, Bad Monkey Beer offers a strong taste, boasting alcohol by volume (ABV) of up to 8 percent.

With a growing fan base from the streets of Delhi to the cultural landscapes of Punjab, Chandigarh, Jharkhand, Daman Diu, and Silvassa, Bad Monkey Beer has become synonymous with premium taste and quality across India. Its popularity reflects the brand's dedication to delivering excellence.

Rohan Khare, Founder of Sinq Beverage Pvt Ltd said, "Uttar Pradesh is a crucial market for us. With our success in Delhi, Jharkhand, and other states, we are confident that Bad Monkey Beer will appeal to the discerning palates of beer consumers in Uttar Pradesh. With its robust flavour profile along with a smooth finish, Bad Monkey beer promises a drinking experience that is both bold and refined, embodying the spirit of adventure and discovery in every sip. Bad Monkey Beer invites Uttar Pradesh residents to experience its exceptional taste and quality, as it joins the state's dynamic beer market.

India's beer market is on a steady growth trajectory, with an expected annual growth rate of 5.94 percent from 2023 to 2028, according to Statista. In 2023 alone, the market generated $11.6 billion in revenue, with projections to reach $23.45 billion by 2029.

Fueled by local success, Bad Monkey Beer is set on conquering international markets and becoming a global icon. Its expansion into Australia, New Zealand, and Middle Eastern countries marks the beginning of an ambitious journey, with each can crossing oceans to captivate new palates and hearts worldwide.

 

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Retail India News: Tanishq Expands High Jewellery Portfolio with "Ethereal Wonders"
Retail India News: Tanishq Expands High Jewellery Portfolio with "Ethereal Wonders"
 

Renowned jewellery retail brand Tanishq, recognized for its exquisite diamond jewellery, craftsmanship, and quality designs, introduces its latest high jewellery collection, "Ethereal Wonders." This collection is a magnificent fusion of indulgence, glamour, and whimsy, featuring brilliant diamonds and rare gemstones meticulously arranged to create wearable art.

"Ethereal Wonders" is a testament to Tanishq's commitment to pushing the boundaries of high jewellery design. Each piece in this curated ensemble has been crafted with precision, showcasing the luminosity of rare orange sapphires, the opulence of velvety tanzanites, the vibrancy of emeralds, the fervor of fiery rubies, and the magnificence of tourmalines from exotic locations like Tanzania, Brazil, Myanmar, and beyond.

Sophistication meets enchantment in this high jewellery collection, where simplicity intentionally highlights the innate beauty of gemstones. The result is a captivating design that transcends trends, inviting wearers to appreciate the exquisite details and craftsmanship embodied in each gemstone—a timeless expression of elegance and artistry.

Revathi Kant, Chief Design Officer, Titan Company Limited said, ‘Ethereal Wonders’ as, "Embark on a journey of exquisite craftsmanship that transcends traditional boundaries and transforms each piece into a narrative inspired by unique stories associated with exotic gemstones. This collection, steeped in rarity, offers an ultra-luxurious fusion of tradition and modernity. Inspired by sculptural forms and modern sensibilities, 'Ethereal Wonders' invites you to embrace sophistication—a timeless investment in fashion and an enduring legacy of style. Exclusive techniques, rare gemstone combinations, and dynamic surfaces breathe life into this wearable art, capturing the beauty of gemstones in a mesmerizing blend of modern design aesthetics."

This collection is an invitation to revel in a grand yet timeless look, effortlessly fusing timeless silhouettes and contemporary grace, embodying the essence of luxury through the intricate beauty of each meticulously crafted piece.

 

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Retail India News: U&i Widens Legacy Series Range for Retail Market
Retail India News: U&i Widens Legacy Series Range for Retail Market
 

U&i has introduced its latest innovation, the U&i Legacy Series Wireless Speaker. This cutting-edge speaker aims to transform the way consumers experience sound, delivering high performance in a compact and stylish form. Designed to Impress: The U&i Legacy Series Wireless Speaker features a sleek and modern design suitable for any environment. Its compact size makes it perfect for on-the-go use, while its premium build quality ensures durability and longevity.

Exceptional Audio Quality: With dual 52mm speakers, each delivering 6 Watts of power, the U&i Legacy Series Wireless Speaker offers crystal-clear sound with enhanced bass for an immersive listening experience. Whether enjoying music, podcasts, or videos, this speaker provides rich, powerful, and depth-filled audio.

Versatile Connectivity: Experience true wireless freedom with the U&i Legacy Series Wireless Speaker. Using Bluetooth 5.2 technology, this speaker allows seamless connectivity with devices up to 10 meters away. Additionally, it features an FM radio, TF card reader, USB port, and a built-in microphone for hands-free calling, offering endless entertainment options on the go.

Long-lasting Battery Life: The U&i Legacy Series Wireless Speaker is powered by a high-capacity 1200 mAh battery, providing up to 6 hours of continuous playback on a single charge. Whether at home, in the office, or on the go, consumers can enjoy uninterrupted music playback without worrying about running out of battery.

 

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Retail India News: Fast&Up Aims to Expand Retail Presence in the UK After Successful ASDA Placements
Retail India News: Fast&Up Aims to Expand Retail Presence in the UK After Successful ASDA Placements
 

Fast&Up, India’s leading sports and health nutrition brand, is set to enhance its footprint in the UK market following successful placements in over 200 ASDA Stores Limited, a prominent British supermarket chain. The range is also accessible at leading Independent Pharmacies and Alliance Healthcare, the UK's leading Pharmacy Wholesaler, complementing their established presence in India.

With a robust track record of growth in India and approximately 34 other international markets, including Europe and the USA, Fast&Up has developed a dedicated range of health, beauty, and wellness nutritional supplements.

Entering the UK market during the pandemic, Fast&Up leveraged two decades of experience with Swiss effervescent technology. Currently, the brand offers a variety of effervescent products in the UK, spanning three ranges, with Fast&Up Reload (electrolytes and vitamins) emerging as its #1 bestseller.

Varun Khanna, Group CEO of Fullife Healthcare Pvt Ltd expressed, “It is a moment of pride for Fast&Up to have our products available in one of the largest supermarket chains in the UK. We are witnessing a growing interest from UK consumers due to the perceived quality, effectiveness, and results, aligning with their requirements. There is significant potential in the UK for our category, and we aim to capture that space. Our focus is on a holistic and long-term approach to expanding penetration and reach in international marketplaces, progressing to modern-trade, chemist outlets, and eventually broader general grocery stores, given the products broad acceptance and usage."

After a successful presence at the 2023 TCS London Marathon Running Show, we are now gearing up for an even larger presence in 2024, ensuring their products are readily available for consumers. Fast&Up intends to hydrate runs across the country by partnering with companies and participating in fitness and wellness events. We are committed to continuous development with the brand set to launch new products and product formats that cater to a larger consumer base.”

 

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Retail India News: UNIQLO and UNHCR Collab on Global Charity T-shirt Launch
Retail India News: UNIQLO and UNHCR Collab on Global Charity T-shirt Launch
 

Global retail giant UNIQLO has revealed the introduction of a charity T-shirt collection, featuring winning designs from the 2023 Youth with Refugees Art Contest, co-organized with UNHCR, the UN Refugee Agency. These T-shirts will be made available at UNIQLO stores with the UTme! service in 12 markets globally, including India, starting Monday, March 15.

The Youth with Refugees Art Contest, initiated by UNHCR in 2020, serves as a platform for individuals aged 30 and under worldwide to showcase their artistic talents and creativity while expressing solidarity with refugees through their art. The 2023 edition of the contest, jointly organized by UNHCR and UNIQLO, encouraged customers globally to support refugees by purchasing a special collection of T-shirts.

The theme for the 2023 Youth with Refugees Art Contest, "HOPE AWAY FROM HOME," focuses on acknowledging and including individuals who have fled their homes in search of hope and the opportunity to rebuild their lives in places of refuge. The winning designs, selected from over 4,000 entries worldwide, aim to aid refugees in finding acceptance and taking steps towards building new lives.

In addition to a direct donation of US$100,000 (approximately 14.7 million JPY) that UNIQLO will contribute to UNHCR, the company will also donate US$3 (approximately ¥441) to UNHCR for every T-shirt purchased from the collection. Furthermore, UNIQLO will contribute 5,000 T-shirts and 1,000 tote bags from the collection to UNHCR, valued at ¥11.94 million based on the retail value of these items at UNIQLO in Japan. These tote bags are not available for sale at UNIQLO stores. UNHCR will internally sell these items at the online UNHCR Visibility Shop, with all proceeds dedicated to supporting UNHCR's refugee assistance activities.

 

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Retail India News: Snitch Highlights Q4 Success and Unveils Aggressive Offline Retail Plans
Retail India News: Snitch Highlights Q4 Success and Unveils Aggressive Offline Retail Plans
 

Snitch has disclosed its Q4 results, showcasing substantial growth in revenue and sales. The company marked a remarkable 2.2X growth in Gross Merchandise Value (GMV) from Q1 to Q4 in the Fiscal Year 2023, reaching a GMV of 400 crore, with a projected GMV of 600 crore by the end of FY 2024.

Sustaining a growth trajectory of 30-35 percent average QoQ revenue increase over the last 2 years, Snitch attributes its success to consistent product innovation and an effective omnichannel retail strategy. The company primarily generates revenue through its D2C platform and leading marketplaces. A significant investment in digital integrated marketing targets GenZ and millennials.

With recent forays into offline retail, Snitch anticipates a 35-40 percent QoQ sales and revenue boost. Plans include expanding its physical retail footprint with 30-40 stores in the next two years, supported by the Rs 110 crore raised in its Series A funding round.

While men's apparel remains the primary contributor, constituting 80 percent of total operating revenue, Snitch aims to diversify its offerings. Expanding into fragrances, shoes, sunglasses, and introducing men's jewellery this year, the brand maintains its focus on quality, style, and customer satisfaction. Positioned as an all-inclusive wardrobe solution for men, Snitch aims to redefine menswear fashion.

Siddharth Dungarwal, Founder of Snitch stated, "This achievement reflects the trust and support of our valued customers, as well as the dedication and hard work of our entire team. With our relentless pursuit of innovation and ability to stay ahead of the fashion curve, we remain committed to pushing boundaries, setting new trends, and providing our customers with the best affordable style.

Known for its trailblazing role in the industry, Snitch combines modern designs, premium materials, and detailed craftsmanship, garnering a loyal customer base appreciating its street-style products. The brand's focus on trendsetting fashion positions it as a leader in the men's fashion landscape.

 

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Retail India News: Coach Explores Denim Evolution Across Real and Virtual Spaces
Retail India News: Coach Explores Denim Evolution Across Real and Virtual Spaces
 

Coach's "Find Your Courage" campaign embarks on a journey of self-discovery, delving into the intersection of real and virtual realms. In this phase, virtual characters Imma and Wu Jinyan navigate the world of denim, a timeless symbol of self-expression. The campaign showcases denim's enduring charm while pushing boundaries for fresh possibilities. Imma, guided by Wu Jinyan, learns about embracing change and innovation within this classic context, emphasizing the campaign's theme of embracing one's identity in new and exciting ways. Set in a virtual universe, the campaign introduces the Coach Spring collection within a narrative focused on finding the courage to define authenticity.

Coach's latest exploration of "The Courage to Be Real" centers on inspiring individuals to express their diverse identities. "Find Your Courage" unfolds in both physical and virtual spaces, blurring the lines between the two. The campaign draws inspiration from how today's younger generations redefine authenticity and navigate the intricate layers of identity with courage. Coach extends the campaign's reach through collaborations with gaming platforms, allowing users to dress their avatars in the Coach Spring collection. Additionally, a new multi-sensory version of The Coach Tabby Shop, inspired by the Quilted Tabby shoulder bag, will enhance the immersive experience.

 

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Retail India News: Miraj Cinemas Debuts in Kerala with Multiplex in Kozhikode
Retail India News: Miraj Cinemas Debuts in Kerala with Multiplex in Kozhikode
 

Miraj Cinemas has introduced its latest cinematic offering in Kozhikode, Kerala, a city renowned for its cultural richness. This milestone marks Miraj Cinemas' entrance into the vibrant state, providing the local community with exceptional entertainment options. Situated on Mavoor Road within the newly developed Blue Diamond Mall, the multiplex occupies the third floor, offering a unique cinematic experience to movie enthusiasts in the region.

Miraj Cinemas Kozhikode features three thoughtfully designed screens with a total seating capacity of 489, ensuring ample space for movie buffs to enjoy their favorite films. The Blue Diamond Mall multiplex caters to diverse preferences, accommodating 131 patrons in Screen 1, 166 in Screen 2 (including 12 recliners), and 192 in Screen 3. With traditional seats and luxurious recliners, the seating arrangements provide unparalleled comfort throughout the screening.

Each auditorium is equipped with state-of-the-art technology, including Dolby 7.1 sound systems and 2K projection for crystal-clear visuals and immersive audio. Moviegoers can also experience the ultimate cinematic journey with Triple Beam 3D Technology, enhancing the viewing experience and bringing their favorite films to life. The strategically located Miraj Cinemas in Kozhikode sets a new standard for cinematic excellence in the region, offering an unmatched entertainment destination for the local audience.

Amit Sharma, Managing Director of Miraj Entertainment Ltd said, “We are delighted to introduce Miraj Cinemas to Kozhikode, marking our debut in Kerala. The inauguration of our first property in the state marks a momentous milestone for us, underscoring our steadfast commitment to providing top-notch entertainment to our valued patrons in this region. With over 50 screens currently in the fit-out stage, we eagerly anticipate the grand unveiling of new cinemas in Delhi NCR, Chennai, Patiala, Ludhiana, Indore, Alwar, Agra, Jamshedpur, and beyond. This launch underscores our commitment to expanding the company’s presence across India, with plans to introduce more properties in the southern region soon.

Bhuvnesh Mendiratta, COO, Miraj Cinemas said, “Miraj Cinemas Kozhikode introduces innovative concepts to elevate the movie-watching experience. Featuring The Beanary Cafe and Chef Corner, alongside the Pop Corner and plush recliners, every visit promises an unforgettable experience. At The Beanery Cafe, our patrons enjoy our signature food and beverage offerings, while Chef Corner offers made-to-order dishes using fresh, high-quality ingredients, catering to all palates with local specialities, international flavours, and gluten-free options along with Jain cuisine. Our latest offering, Miraj Cinemas Blue Diamond Mall in Kozhikode, promises to be a beacon of cinematic excellence where movie enthusiasts can immerse themselves in unparalleled entertainment and luxury.

 

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Retail India News: Vinod Cookware Expands Production with New Manufacturing Unit in Maharashtra
Retail India News: Vinod Cookware Expands Production with New Manufacturing Unit in Maharashtra
 

Vinod Cookware, a leading Indian cookware manufacturer, has recently inaugurated its latest manufacturing unit in Gundale village, Palghar district, Maharashtra. This strategic move aims to cater to the growing demand for Vinod Cookware products in both domestic and global retail markets. Covering an extensive 250,000 square feet, the newly opened plant in Gundale now stands as the brand's largest production unit, aligning seamlessly with Vinod Cookware's existing operational setup in Palghar. This expansion not only enhances logistical efficiency but also reinforces managerial cohesion.

The new manufacturing unit, touted as the brand's largest, is anticipated to generate around 300-350 new jobs, contributing to the seamless running of operations. With an emphasis on technological advancements, the Palghar facility is expected to feature larger capacity production machinery and advanced management technology. Initially handling base and supplementary production processes, the plant will play a significant role in scaling Vinod Cookware's existing operations.

In line with the brand's commitment to sustainability, the new unit will adhere to standard operating procedures for expanded production, focusing on the use of sustainable materials and waste reduction in production processes. A noteworthy aspect is the anticipated 60 percent boost in production capacity, showcasing Vinod Cookware's dedication to meeting increased market demands while adhering to sustainable and efficient manufacturing practices.

Beyond the Palghar expansion, Vinod Cookware has extended its presence by entering the UK and EU retail markets. The brand launched its official UK website in November of the previous year, further solidifying its global reach and reinforcing its commitment to providing quality cookware products to a wider consumer base.

"We are pleased to announce the opening of our new manufacturing plant in Palghar, Maharashtra. This strategic expansion marks a significant milestone for Vinod Cookware as we strive to meet the surging demand for our high-quality products with enhanced efficiency and scale. Our new facility stands as a testament to our unwavering commitment to operational growth and, above all, customer satisfaction. As we embark on this exciting journey, we look forward to setting new benchmarks in the cookware industry while ensuring a positive impact on the local community through job creation and economic development,” stated Sunil Agarwal, Director, Vinod Cookware.

 

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[Funding Alert] Bira 91 Bags $25 mn Investment from Tiger Pacific Capital 
[Funding Alert] Bira 91 Bags $25 mn Investment from Tiger Pacific Capital 
 

B9 Beverages Ltd, the parent company of Bira 91, announced that it is raising $25 million in new funding from Tiger Pacific Capital, an Asia-focused fund based in New York and Hong Kong. The investment is part of a $50 million round raised by the company, with participation from its existing investor, Kirin Holdings of Japan, and Tiger Pacific Capital from New York.

Ankur Jain, Founder and CEO of Bira 91, stated, "As Bira 91 takes next steps to drive growth across markets and strengthen its supply chain, this new partnership will strengthen the company's balance sheet considerably."

With this capital infusion, the company plans to expand its manufacturing footprint to new regions, including Uttar Pradesh. Currently, Bira 91 operates six large-scale manufacturing plants in the country. Bira 91 has emerged as the fourth largest beer company in India, following multinational giants like Heineken, AB-Inbev, and Carlsberg. It has achieved robust double-digit growth since its inception nine years ago. Additionally, the company owns India's largest beer-focused pub chain, The Beer Cafe.

Run Ye, Founder of Tiger Pacific Capital said, "We are excited to partner with emerging companies in India, especially brands like Bira 91 with a unique understanding of the new Indian consumer, and a strong local manufacturing footprint."

Established in 2015, B9 Beverages is backed by leading investors, including Japan's Kirin Holdings, MUFG Bank, Sofina of Belgium, and Peak XV Partners (formerly Sequoia India).

 

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Retail India News: Wahter Pioneers Affordable Hydration Solutions in NCR with Innovative Carts
Retail India News: Wahter Pioneers Affordable Hydration Solutions in NCR with Innovative Carts
 

India's branded packaged drinking water brand, Wahter, has introduced its proprietary carts across the National Capital Region (NCR), signaling a significant shift in access to affordable drinking water. With a focus on students, children, and marginalized communities, Wahter offers its premium-quality bottled water at an 80 percent discount compared to prevailing market rates.

Wahter's dedication to accessibility and affordability is evident in its pricing strategy, offering bottles at Rs 1 for 250 ml and Rs 2 for 500 ml. The objective is to ensure that everyone in the NCR region can access clean and safe drinking water, regardless of socio-economic constraints.

Amitt Nenwani, Co-Founder of Wahter said, "These carts represent more than just a distribution mechanism; they symbolize our dedication to democratizing access to clean drinking water. By offering our branded packaged drinking water at significantly reduced prices, we are empowering individuals in every corner of the NCR to have equitable access to water."

Wahter has strategically placed its proprietary carts and strollers at prominent locations across the NCR, including Advant in Noida, India Gate, and Huda Sector 44 in Gurgaon, providing packaged drinking water at an 80 percent cost reduction.

To extend its reach, Wahter has launched an engaging ad campaign on SonyLIV Channel, featured during episodes of Shark Tank India. The brand's commitment to accessibility is further strengthened through collaborations with organizations like the Shoobhi Foundation (BOAT CSR) and Vijay Sales.

As Wahter pioneers innovation in the packaged drinking water industry, it remains steadfast in its mission to make clean and safe drinking water accessible to every individual, contributing to a healthier and more equitable society.

Moreover, Wahter emphasizes sustainability by partnering with Scrapbuddy to collect and recycle used bottles. The company has set an ambitious goal to recycle 10 million bottles into clothing within the next three months.

 

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Retail India News: Michael Kors Spotlights Dahyun in Spring 2024 Campaign
Retail India News: Michael Kors Spotlights Dahyun in Spring 2024 Campaign
 

Michael Kors has announced its latest campaign starring Dahyun, a key member of the globally acclaimed group TWICE. Captured by photographer Kim Hee June, the campaign effortlessly blends this season’s modern glamour, seamlessly combining casual ease with sophisticated chic.

In the campaign visuals and accompanying videos, Dahyun showcases styles from the Spring 2024 MICHAEL Michael Kors collection. Known by her full name Kim Da-hyun, the musician has cultivated a strong connection with the brand, attending Michael Kors Collection runway shows and headlining previous campaigns. Notably, Dahyun was a prominent guest at the Fall/Winter 2024 Michael Kors Collection runway show in February.

Designer Michael Kors expresses his admiration for Dahyun, stating, “Dahyun is energetic, animated, and has truly captured a global audience. From her incredible talent to her style, she’s the perfect representation of our brand.”

For Spring 2024, Michael Kors introduces a self-assured approach to dressing, featuring chic and relaxed separates. The ready-to-wear collection exudes an easy, modern glamour, complemented by accessories that emphasize both effortlessness and high-impact style. Two new shoulder bags, the Colby and the Tribeca, take center stage as polished, versatile designs suitable for day and night. The campaign debuted on March 1, 2024, with ads circulating globally throughout the spring season. The visuals will be showcased in digital outlets, on various social media platforms, and through traditional outdoor media placements.

 

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[Funding Alert] Swizzle Bags Seed Funding to Propel Expansion in Indian Mocktail Sector
[Funding Alert] Swizzle Bags Seed Funding to Propel Expansion in Indian Mocktail Sector
 

Bengaluru-based startup Swizzle, a pioneer in Made-in-India mocktails crafted with natural ingredients, has successfully raised an undisclosed amount in seed funding from various angel investors. The equity-based seed investment round, led by existing investor Monika Rao, included participation from Akshay Singhal, Founder and CEO of Log9 Materials, and new investors Deepak Gambhir and Sri Harsha Thota. Swizzle, having raised over Rs 1 crore in cumulative funding, plans to utilize the newly acquired seed capital for extensive retail expansion, team building, inventory enhancement, quality control, and marketing initiatives.

The funding infusion positions Swizzle to promote its premium canned mocktails on a larger scale. The startup intends to use the funds to hire skilled professionals across various roles, increase in-store product availability, maintain high-quality production standards, and expand its distribution network, especially in the retail sector. A significant portion of the funds will also be allocated to marketing and brand-building initiatives, including online and offline campaigns, pop-ups, events, and branded packaging, to enhance brand awareness and reach a wider audience.

Vrinda Singhal and Deepender Singh, Co-Founders of Swizzle said, “We are super excited to announce our latest seed fundraise, which marks a pivotal milestone in Swizzle’s journey, and catalyses our mission of revolutionizing the beverage industry in India. It allows us to introduce our line-up of refreshing mocktail products to a wide audience across both the B2C and B2B segments, and establish a strong presence across retail locations. By August 2024, we aim to be accessible in more than 1000 locations and plan to extend our reach to several new cities across the nation, thus bolstering our distribution network. And the latest funds raised shall play an instrumental role in achieving this goal through implementing effective marketing and go-to-market strategies, thereby propelling us forward to experience accelerated growth in the years to come, and helping us become the preferred choice for more and more beverage enthusiasts across India.

Monika Rao, Lead Investor in Swizzle said, “Swizzle has demonstrated a unique ability to innovate and bring to market a range of high quality mixers. Their revamped hip and cool branding and packaging will help them scale and acquire the upwardly mobile young customer base across Tier 1 cities. This category is still young and favours ready to consume innovative products. Swizzle is placed uniquely to capture this market segment”.

Swizzle, known for its 100 percent vegan and artificial ingredients-free ready-to-drink (RTD) mocktails, achieved a remarkable 210 percent growth in FY 2023. The startup aims to reach a projected revenue of Rs 15 Crore by the end of FY 2025. Currently available on major e-commerce platforms, including Amazon, JioMart, Flipkart, and Swiggy-Mini, Swizzle plans to partner with express delivery platforms like Instamart and Blinkit. On the retail front, Swizzle's flagship mocktails are popular in over 350 locations in Bengaluru, and the startup aims to expand to 3000+ locations by the end of the current financial year while serving up to 5 lakh mocktails per month. Future plans include venturing into cities like Hyderabad, Mumbai, Pune, and Chennai, with a focus on the HoReCa and QSR segments.

 

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Retail India News: Mahu Tasty Foods and Yuvraj Singh Pioneer India's Animal Township
Retail India News: Mahu Tasty Foods and Yuvraj Singh Pioneer India's Animal Township
 

Mahu Tasty Foods Pvt Ltd, supported by cricket legend Yuvraj Singh, has introduced India's pioneering integrated animal township—an ambitious project spanning 100 acres near the Delhi-NCR region. With a substantial investment of Rs 250 crore, the revolutionary initiative, named PashuPalak, aims to establish an advanced ecosystem dedicated to dairy farming, setting new benchmarks and fostering growth for the local community.

A key driver behind this visionary project is the strategic partnership with Planify, a prominent financial services company specializing in investment solutions. Founded by Abhishek Rao and Sanchit Tyagi, Planify's support has played a crucial role in realizing PashuPalak's vision, providing essential financial backing and strategic guidance at every stage of development.

The cutting-edge facility will not only serve as a sanctuary for over 20,000 animals but also contribute significantly to the economic growth of dairy farmers. Through 'PashuPalak,' Mahu Tasty Foods aims to empower 4,000 dairy farmers, facilitating their transition into entrepreneurship by establishing their dairy farm businesses within the integrated township.

An essential focus of the township is to produce high-quality milk and ensure transparency for consumers by implementing rigorous hygiene and safety standards for animal health. The inclusion of a centralized healthcare facility will regularly monitor the health of cattle, consequently improving milk quality. In a forward-thinking approach, 'PashuPalak' also strives to provide participating farmers with carbon credits, aligning with environmental sustainability goals.

Abhishek Rao, Founder and CEO, Mahu Tasty Foods Private Limited said, “We believe in the strength and resilience of our farmers, and PashuPalak’s animal township is a step towards ensuring their efforts are recognized, rewarded, and realized to their full potential. Our goal is to foster a sustainable and prosperous dairy farming ecosystem, where farmers are equipped with the necessary tools, knowledge, and resources to thrive. Through this township project, we are committed to transforming the dairy industry, ensuring the highest standards of safety, hygiene and health for cattle, and contributing to the socio-economic development of our community along with providing the best quality milk to consumers.”  

Ishima, Singla Founder, Planify said, “Planify and Mahu Tasty Foods share the same synergies in our commitment to agriculture and dairy farming. We believe that dairy farmer community needs our support to transform their working process to ensure quality dairy products for end consumers and raise their income levels. Therefore, we together launched PashuPalak’s first integrated animal township. We hope that our efforts in form of the unique cattle township will have a significant impact in improving the quality of dairy products and spark another white revolution in the country.

 

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Retail India News: Parag Milk Foods Appoints Sumit Jain as President of Finance 
Retail India News: Parag Milk Foods Appoints Sumit Jain as President of Finance 
 

Parag Milk Foods Limited has appointed Sumit Jain as President of Finance. Jain, a Chartered Accountant with impressive accolades, brings a wealth of financial expertise to the organization, having secured All India Rank 18 in 2012 and All India Rank 22 in Cost Accountancy in 2013. Recognized as one of India's top 40 CA’s under 40, Jain's previous role as Head of Finance at Reliance Luxury Lifestyles equipped him with valuable experience in leading financial strategies for over 30 luxury brands.

Jain's diverse background includes working with renowned brands such as Armani, Jimmy Choo, Coach, Balenciaga, Michael Kors, and Bottega Veneta, along with contributions to companies like Parle Agro, Britannia, and Bauli India Bakes. His appointment as President of Finance at Parag Milk Foods is a strategic move aimed at propelling the company to new heights of financial success.

Devendra Shah said, “We are pleased to welcome Sumit Jain to our team as President of Finance. His exceptional track record and expertise in financial management will be instrumental in guiding our company towards achieving our strategic goals. We look forward to working together with Jain to accomplish new milestones and drive continued success for Parag Milk Foods."

Jain expressed his enthusiasm for joining Parag Milk Foods said, “I am honored to be part of the journey with Parag Milk Foods and excited to contribute to its financial success. I look forward to collaborating with the talented team at Parag Milk Foods and leveraging our collective strengths to achieve our objectives." 

 

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Retail India News: Shoppers Stop Teams Up with Ace Turtle to Showcase Dockers
Retail India News: Shoppers Stop Teams Up with Ace Turtle to Showcase Dockers
 

Ace Turtle, India’s forefront technology-native retail company, collaborates with Shoppers Stop, India’s premium omnichannel fashion and beauty destination, to launch Dockers, the leading global khaki brand. This move brings Dockers’ versatile and enduring men's collection to 15 Shoppers Stop stores and shoppersstop.com, signifying a significant milestone for both retail giants.

The Dockers collection at Shoppers Stop showcases a thoughtfully curated range of clothing and accessories tailored for the contemporary Indian consumer. From chinos and shirts to sweaters and jackets, each piece reflects Dockers’ dedication to superior craftsmanship, innovative materials, and timeless design. Whether navigating city life or venturing into unexplored territories, Dockers empowers individuals to embrace their authentic selves with confidence and style.

Kavindra Mishra, Customer Care Associate, Executive Director, and CEO of Shoppers Stop Ltd said, “It has been our constant endeavor to offer premium brands to Indian consumers. In line with our journey towards premiumization, our strategic collaboration with Ace Turtle to launch Dockers signifies our commitment to curating the best brands for our customers. Dockers brings a timeless blend of quality and style that resonates with the evolving preferences of the modern Indian consumer. Dockers collection will resonate strongly with those who appreciate timeless classics with a modern twist.

Nitin Chhabra, CEO of Ace Turtle, the exclusive licensee of Dockers in India, stated, “We are delighted to partner with Shoppers Stop to reach a wider audience across the country. Shoppers Stop’s extensive reach and brand recognition, coupled with Dockers’ global appeal, creates a winning combination for success. We aim to leverage our unique technology-driven operating model and omnichannel commerce expertise to take Dockers to millions of Indian consumers through relevant online and offline channels. Our tech-enabled pan-India reach, data-driven approach, deep consumer understanding will aim to unlock new opportunities presented by the dynamic Indian fashion retailing market.

 

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Retail India News: Wipro's Yardley London Expands Shower Essentials Portfolio
Retail India News: Wipro's Yardley London Expands Shower Essentials Portfolio
 

Wipro's Yardley London has announced the introduction of its latest line of Shower Gels and Clear Gel Bars, expanding its array of shower essentials. Infused with natural floral oils, this new range promises a rejuvenating fragrance and a spa-like indulgence, offering the convenience of an at-home experience.

Designed for all skin types, the dermatologically tested and pH-balanced Shower Gels, along with the Clear Gel Bars infused with 99 percent pure glycerin, deliver a luxurious lather and a subtle floral aroma. Ideal for both the morning routine and evening relaxation, these products provide a gentle yet effective cleansing experience, free from silicones and parabens.

Manish Vyas, Senior Vice President and Business Head of Yardley India and Thailand said, "We are delighted to introduce the latest additions to the Yardley family, namely the new Yardley Shower Gels and Clear Gel Bars. As a brand that values excellence, we are committed to providing our consumers with premium solutions, and our latest range is no exception. It has been infused with natural floral oils, ensuring the bathing experience is both indulgent and refreshing. This expansion is a testament to our dedication to enhance our brand offerings and to address the evolving needs of our consumers."

The range includes delicately scented variants such as Iris and Violet, Gardenia and Waterlily, Peony and ylang-ylang, and Lily of Valley and Frangipani, all designed to moisturize and nourish the skin. Now available in retail stores across Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, and Telangana, as well as on Yardley's official website and major online platforms like Amazon and Flipkart, the Clear Gel Bar is priced at Rs 95 for 125g, while the Shower Gel costs Rs 225 for 250ml. Wipro's Yardley continues to prioritize consumer needs, offering a refreshing bathing experience through its new retail-ready shower essentials.

 

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Retail India News: Lighthouse Funds Injects Rs 229 cr into Safari Industries
Retail India News: Lighthouse Funds Injects Rs 229 cr into Safari Industries
 

Lighthouse Funds, a key player in India's mid-market consumer-focused investment landscape, has channeled Rs 229 crore into Safari Industries (India) Limited through its fourth alternative investment fund (AIF). This move stands as the fund's second investment from its latest fund, which received a substantial backing of Rs 400 crore from the National Investment and Infrastructure Fund Ltd’s Fund of Funds in January 2023. In a similar vein, it earlier contributed Rs 284 crore to bolster the position of the fashion jewelry brand Kushal's. With a targeted size of Rs 3,500 crore, Lighthouse Fund IV AIF showcases a strategic interest in India's retail sector.

Highlighting the rationale behind the investment, Sachin Bhartiya, Co-founder, and Partner at Lighthouse Funds, expressed confidence in India's burgeoning tourism potential. He emphasized the structural tailwinds propelling the sector forward. Bhartiya sees Safari Industries uniquely positioned to capitalize on this opportunity, citing the intersection of growing discretionary spends and evolving consumer preferences leaning towards branded luggage with aspirational appeal.

Lighthouse Funds' entry into Safari Industries follows the exit of Bahrain-based Investcorp in September of the previous year. The exit yielded a substantial 3.8X return of Rs 285 crore for Investcorp, which had initially invested Rs 75 crore in Safari Industries in February 2021. Sudhir Jatia, Chairman, and Managing Director of Safari Industries expressed delight in welcoming Lighthouse Funds into the fold. He noted that the Indian luggage market remains largely unorganized, and the infusion of Lighthouse's expertise is expected to play a pivotal role as Safari Industries deepens its penetration into the Indian retail market.

Lighthouse Funds, renowned for its focus on mid-market private equity, particularly in the consumer and healthcare domains, has been a consistent investor in India since 2007. The fund boasts a portfolio that spans over 30 companies, featuring prominent names in the consumer and healthcare sectors such as Nykaa, Fabindia, Ferns N Petals, and Unibic Foods. With its recent investment in Safari Industries, Lighthouse Funds continues to contribute to the growth and development of India's retail landscape.

 

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Retail India News: Punit Balana Expands Product Portfolio with “Modern Jaipur"
Retail India News: Punit Balana Expands Product Portfolio with “Modern Jaipur"
 

Renowned designer Punit Balana recently unveiled his Spring Summer 24 collection, titled "Modern Jaipur," capturing the vibrancy and regality of his hometown. Drawing inspiration from a polo match in Jaipur, the collection beautifully weaves together the essence of the city, reflecting high society life with royals and aristocrats.

Imprinting his vision of Jaipur's life, Punit incorporates signature colors, Masoom Gulabi and Moonga, into the collection. The palette's softness and bold prints create the perfect blend of Modern Jaipur aesthetics. Collaborating with creators like Ankush Bahuguna and Sahiba Bali for the campaign, the collection showcases the talent behind the lens.

Punit Balana shared, "Modern Jaipur Collection celebrates the timeless elegance and vibrant spirit of my beloved hometown. Whether you're in Jaipur or a bustling cosmopolitan city, Modern Jaipur isn't just fashion; it's a cultural journey that becomes a part of your essence."

The collection pays homage to the city's past while embracing the contemporary spirit of today's society that confidently makes a statement. Regardless of whether you're in New York or Mumbai, Modern Jaipur transcends fashion, seamlessly becoming a part of your identity.

 

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Retail India News: Tata Consumer Products Records Q3 Revenue of Rs 3,803.9 cr
Retail India News: Tata Consumer Products Records Q3 Revenue of Rs 3,803.9 cr
 

Tata Consumer Products reported a consolidated net profit of INR 278.9 crore for the quarter ending December 31, 2023, reflecting a 20.7 percent year-on-year decline. The Tata group company, renowned for brands like Tata Tea, Tetley, Tata Salt, Eight O'Clock Coffee, and Himalayan Water, disclosed revenue of Rs 3,803.9 crore for the fiscal third quarter, compared to Rs 3,474.6 crore in the same period a year ago.

Analysts at Zee Business had estimated Tata Consumer Products' quarterly net profit at Rs 347 crore and revenue at Rs 3,831 crore. The company reported a 26 percent expansion in earnings before interest, taxes, amortization, and depreciation (EBITDA) for the quarter, exceeding the 19 percent growth projected by Zee Business analysts.

In its India packaged beverages unit, Tata Consumer Products achieved a 4.0 percent revenue growth, while its international business exhibited an 11% increase. The company maintained its market leadership in the e-commerce channel for tea.

Sunil D’Souza, Managing Director and CEO of Tata Consumer Products said, "Our India tea business continued to benefit from our earlier interventions, yielding positive results resulting in a fourth consecutive quarter of volume-led growth." He highlighted growth in the premium portfolio for tea and value-added salt.

The CEO also emphasized the strong momentum of growth businesses such as Tata Sampann, Tata Soulfull, NourishCo, Tata SmartFoodz, and Tata Starbucks' expansion to 55 cities. The company's Sales & Distribution buildout is progressing well, with a total reach expanded to 3.9 million outlets as of December ’23. Tata Consumer Products (TATACONSUM) shares concluded higher by Rs 7.3, or 0.6 percent, at Rs 1,170 apiece on BSE before the earnings announcement.

 

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Retail India News: UP Witnesses Job Surge as FMCG Sector Attracts Big Investments
Retail India News: UP Witnesses Job Surge as FMCG Sector Attracts Big Investments
 

In a recent groundbreaking ceremony in Uttar Pradesh, the fast-moving consumer goods (FMCG) sector emerged as a significant contributor to job creation, with various projects unveiled during the event. Varun Beverages Limited, investing Rs 3,500 crore through GBC 4.0, is set to establish manufacturing plants in Purvanchal, Bundelkhand, and Madhyanchal regions, focusing on fruit pulp, fruit juice-based drinks, beverages-based syrups, and packaging products, expected to generate over 1,500 employment opportunities in Prayagraj, Gorakhpur, Amethi, and Chitrakoot.

Moon Beverages Limited is also making a substantial investment of Rs 756 crore to establish an integrated greenfield factory in Hapur (Paschimanchal) for manufacturing carbonated soft drinks and juices, creating more than 752 jobs. Additionally, in the FMCG sector, joint ventures of Bhartiya Beverages Private Limited and Reliance Retail Ventures Limited have invested Rs 600 crore in Muzaffarnagar, contributing to over 500 job opportunities in the region. The developments underscore the FMCG sector's role in fostering employment growth in Uttar Pradesh.

 

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Retail India News: Hindustan Coca-Cola Beverages Strengthens Industrial Footprint in Madhya Pradesh
Retail India News: Hindustan Coca-Cola Beverages Strengthens Industrial Footprint in Madhya Pradesh
 

In a strategic move reinforcing its commitment to Madhya Pradesh's economic landscape, Hindustan Coca-Cola Beverages (HCCB), a prominent FMCG player in India, has disclosed a Rs 350 crore investment in the state. This announcement, made during a meeting between the Chief Minister of Madhya Pradesh, Dr. Mohan Yadav, and a senior HCCB delegation, propels the company's cumulative investment in the state to over Rs 660 crore.

The capital injection will fuel the establishment of two cutting-edge manufacturing lines at HCCB's Rajgarh factory, dedicated to producing Affordable Small Sparkling Packs (ASSP) and Juice Tetra Packs. Beyond expanding manufacturing capabilities, this move is poised to make a substantial contribution to the state's economy. With a robust network of 149 distributors and 127,080 retailers, HCCB plays a pivotal role in Madhya Pradesh's retail sector, distributing approximately 10 million cases across 29 districts.

In reciprocation, the Madhya Pradesh Government has committed comprehensive support to expedite HCCB's procurement of necessary permissions, approvals, and clearances, aligning with the state's policies and regulations.

Himanshu Priyadarshi, Chief Public Affairs, Communications, and Sustainability Officer at HCCB, stated, “This investment is a significant step in our journey with Madhya Pradesh - a state that is poised for growth and development. We see this as an opportunity to deepen our commitment and align our growth with the state’s vision. This is more than an expansion of our business operations; it is about reinforcing our roots in a state that is key to our market strategy and a hub for innovation. We envisage this project as a catalyst not only for regional economic growth but also as a conduit for nurturing local talent, thereby contributing to the socio-economic progress of Madhya Pradesh.

Having invested over Rs 311 crore in Madhya Pradesh since 2000, including recent expansions in 2022 and 2023, HCCB has consistently demonstrated its commitment to enhancing production capabilities and supporting the local economy. This latest financial commitment not only cements its industrial presence in the state but also aligns with HCCB's dedication to delivering innovative and high-quality products to consumers in Madhya Pradesh.

HCCB's engagement in Madhya Pradesh transcends business investments, extending to Corporate Social Responsibility (CSR) initiatives. These projects focus on water rejuvenation, skill development, and sustainable agriculture. Notably, the initiatives have impacted 1200 youths in sales and marketing training, 1500 women in digital and financial literacy, and over 100 farmers in adopting sustainable agricultural practices. Additionally, HCCB has facilitated the installation of water ATMs and Smartboards, contributing to community resources.

 

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Retail India News: Himmaleh Spirits Elevates Indian Craft Retail with Bandarful
Retail India News: Himmaleh Spirits Elevates Indian Craft Retail with Bandarful
 

Himmaleh Spirits, known for its innovative spirits, unveils Bandarful, an artisanal cold-brew coffee liqueur that transcends the ordinary in the Indian alco-bev landscape. Following the success of its pioneering product, Kumaon and I, India’s first Provincial Dry Gin, the distillery is trailblazing in breaking norms within the Indian alcoholic beverage industry.

Brewed for over 22 hours and meticulously blended in-house, Bandarful takes enthusiasts on a captivating journey across Kumaon's grain fields, Chikmagalur's coffee estates, and lush fruit trees. Crafted with hyperlocal rice, Himalayan spring water, and medium dark single estate Arabica coffee beans from the foothills of the western ghats, each bottle becomes a homage to India's diverse terroir.

The tale commences with the chief of staff in Kumaon, the lively local Langur swinging from treetops, venturing with cousins to distant terrains to handpick robust coffee cherries. This delightful simian, an integral part of local Kumaoni life, claims full credit for the creation of Bandarful, making it India’s first branch-to-bottle spirit.

Ansh Khanna, Co-Founder of Himmaleh Spirits noted, "Bandarful captures the untamed essence of the country. In a world where coffee culture is becoming a serious affair, Bandarful stands out as an exquisite blend of high-quality coffee and spirit, appealing to both coffee aficionados and alco-bev connoisseurs. We're breaking free from the ordinary, inviting you to swing into a world where life's too short for boring drinks."

Samarth Prasad, Co-Founder Himmaleh Spirits said, "Bandarful is our ode to endless joy and celebrations! Crafted with the choicest coffee beans, a dash of Himalayan flair, and a recipe tucked away amidst treetops, this artisanal coffee liqueur reflects Himmaleh’s commitment to introducing high-quality products using only the finest local ingredients sourced sustainably."

Packaged in a distinctive flint-clear glass bottle with a bar-top neck finish, Bandarful is unmistakable on the shelf, akin to spotting a monkey in the jungle. Whether enjoyed on the rocks, in cocktails, as a dessert companion, or sipped as a digestif, Bandarful promises a caffeine-infused journey with vivid and expressive flavors.

In the realm of Indian craft retail, Himmaleh Spirits sets a new standard with Bandarful, blending tradition with innovation, and offering a unique beverage experience for discerning consumers.

 

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Retail India News: Gopal Snacks Ltd Sets IPO Price Band, Targets Rs 650 Cr in Retail Investment
Retail India News: Gopal Snacks Ltd Sets IPO Price Band, Targets Rs 650 Cr in Retail Investment
 

Gopal Snacks Limited, based in Rajkot, has established the price band for its Initial Public Offering (IPO) at Rs 381 to Rs 401 per Equity Share with a face value of Rs 1 each. The IPO is set to commence on March 6, 2024, and conclude on March 11, 2024. Investors can bid for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter, with the issue being an offer for sale amounting to Rs 650 crore.

The fast-moving consumer goods company, known for its ‘Gopal’ brand, specializes in a diverse range of savory products, including ethnic and western snacks, papad, spices, gram flour, noodles, rusk, and soan papdi. With a product portfolio comprising 84 products and 276 Stock Keeping Units (SKUs), Gopal Snacks has expanded its presence across India, reaching over 523 locations in ten States and two Union Territories.

As of September 30, 2023, the company's distribution network consists of three depots and 617 distributors, supported by a dedicated sales and marketing team of 741 employees. Gopal Snacks operates six manufacturing facilities in India, strategically located in Rajkot, Modasa, and Nagpur, focusing on producing a variety of products, including besan, raw snack pellets, seasoning, and spices.

The IPO, conducted through the Book Building Process, allocates not more than 50 percent to Qualified Institutional Buyers, not less than 15 percent to Non-Institutional Investors, and not less than 35 percent to Retail Individual Investors. Book Running Lead Managers for the Offer are Intensive Fiscal Services Private Limited, Axis Capital Limited, and JM Financial Limited, with Link Intime India Private Limited serving as the Registrar. The Equity Shares are proposed to be listed on BSE and NSE.

 

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Gyproc India Advances Sustainable Retail Construction with Low-Carbon Plasters
Gyproc India Advances Sustainable Retail Construction with Low-Carbon Plasters
 

Gyproc India has introduced a significant development at its Tiruvallur facility, revealing the production of low-carbon plasters. The initiative is expected to result in a substantial 40-50 percent reduction in the carbon footprint compared to existing Gyproc plasters throughout their entire lifecycle, marking a noteworthy milestone in sustainable construction practices in India. This marks the first instance in India where a gypsum plaster company has focused on manufacturing plasters with reduced carbon emissions.

Key factors contributing to this environmental achievement include a strategic transition from fossil fuels to renewable alternatives such as biomass from agricultural waste, renewable electricity, and biodiesel. The Tiruvallur plant's commitment to sustainability is evident in its remarkable increase in the share of renewable energy, rising from 11 percent in 2022 to an impressive 98 percent by mid-2023. Gyproc India's accomplishment highlights the excellence of its manufacturing teams and R&D support, further leveraging their continuous efforts to achieve the Group's ambition of Net Zero carbon by 2050.

The transformation of the Tiruvallur gypsum plaster plant is not only a milestone for Gyproc but also a crucial contribution by Saint-Gobain to the decarbonization of buildings. With this innovation, Gyproc’s stakeholders can now offer low-carbon products with the same functional benefits to customers, contributing to their overall projects’ sustainability. Saint-Gobain Group’s ambitious carbon objectives aim for 20 percent of its plasterboard production worldwide to derive from renewable energy by 2030, building on the progress witnessed in Fredrikstad, Norway, in 2023. In 2023, Saint-Gobain India introduced low carbon Glass for the Indian retail market.

Sudeep Kolte, Managing Director, Saint-Gobain Gyproc stated, "The launch of our low carbon plasters is a testament to Gyproc's unwavering commitment to sustainability and environmental responsibility. We believe that the retail construction industry plays a pivotal role in mitigating climate change, and as a leading changemaker in gypsum plasters, we are proud to pioneer solutions that significantly reduce carbon footprint. It is a concerted effort from Saint-Gobain to sustainably contribute to the Indian retail construction industry. The low carbon plaster will accelerate this vision and will actively contribute to Light and Sustainable Construction.

Gyproc's new range of low-carbon plasters aligns with Saint-Gobain Group’s overarching ambition of achieving Net Zero carbon by 2050. This achievement underscores Gyproc India's commitment to fostering a greener, more sustainable future in the retail construction sector.

The Global Warming Potential (GWP) indicator, calculated from cradle to grave (A1 to D stages), will be communicated in the verified Environmental Product Declaration (EPD) under development for publication later this year.

 

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Retail India News: UNIQLO Reveals PEACE FOR ALL Designs by Global Contributors
Retail India News: UNIQLO Reveals PEACE FOR ALL Designs by Global Contributors
 

Global retail giant UNIQLO has unveiled four new designs for its ongoing PEACE FOR ALL charity T-shirt project, expressing a shared desire for peace. Collaborators, each with close ties to UNIQLO, provide unique designs for the T-shirts, with all profits from sales dedicated to international humanitarian organizations. The latest collection, available from Friday, March 15, showcases diverse contributions from notable individuals.

Renowned Japanese anatomist Takeshi Yoro contributes a design featuring a photo of his beloved cat Maru, paired with the phrase 'Hope means we can change.' The late New York artist Jason Polan's playful illustration graces the pocket of another T-shirt. Legendary calligrapher Hakujyu Kuiseko presents a striking design with Japanese text conveying, 'If you expand the circle, it's a world. If you shrink it, it's an ego.' Afghan-born American novelist and UNHCR Goodwill Ambassador Khaled Hosseini, renowned for The Kite Runner, contributes an elegant design stating that 'Peace is our highest good.'

Fast Retailing, UNIQLO's parent company, allocates 100 percent of profits from PEACE FOR ALL T-shirt sales (equivalent to 20 percent of the selling price) to three international aid organizations—UNHCR, Save the Children, and Plan International. These organizations work towards assisting individuals affected by poverty, discrimination, violence, and conflict.

Since the launch of the PEACE FOR ALL project on June 17, 2022, featuring designs from 36 contributors, UNIQLO has sold over 3.2 million T-shirts worldwide. The initiative has raised over JPY 970 million (approximately $6.45 million) by the end of January 2024. The substantial donations have supported various charitable projects, including emergency humanitarian assistance for displaced individuals, safeguarding children affected by conflict and disaster, and preventing early marriage globally.

 

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Pidilite Industries Strengthens Leadership for Retail Growth in India
Pidilite Industries Strengthens Leadership for Retail Growth in India
 

In a strategic move, the Board of Directors of Pidilite Industries Limited has given the nod for the appointment of Sudhanshu Vats as Managing Director Designate and Kavinder Singh as Executive Director and Joint Managing Director Designate. The transition is set to take place in April 2025, following the completion of Bharat Puri's term as the current Managing Director.

M. B. Parekh, Executive Chairman of Pidilite Industries, remarked, "The appointments of Sudhanshu and Kavinder will reflect the next phase of the Pidilite leadership journey. I look forward to working with the two of them in building the Pidilite of the future."

Sudhanshu Vats, presently the Deputy Managing Director of Pidilite Industries, brings a wealth of experience to the role. His career includes serving as the CEO and Managing Director at EPL Ltd and leading Viacom 18 Media Private Limited for eight years. Starting as a Management Trainee at Hindustan Lever Limited in 1991, Vats spent approximately two decades in various sales, marketing, and general management leadership roles.

Kavinder Singh, the current Managing Director and CEO of Mahindra Holidays and Resorts India Ltd (MHRIL), has significantly contributed to MHRIL's growth, transforming it into a billion-dollar market capitalization company from approximately $200 million. His extensive experience in the consumer goods sector encompasses roles at Asian Paints, ITC Ltd, and Pidilite Industries. The appointments signal a strategic shift in Pidilite's leadership, poised to impact the retail sector in India.

 

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Retail India News: Somany Impresa Group Appoints Shashvat Somany as Head of Strategy
Retail India News: Somany Impresa Group Appoints Shashvat Somany as Head of Strategy
 

Somany Impresa Group has announced the appointment of Shashvat Somany as the Head of Strategy. This strategic move signifies a significant step in the Group's expansive plans across its various companies, including AGI Greenpac, Hindware Home Innovation Limited, and Hindware Limited. Shashvat will play a crucial role in shaping the long-term strategic direction, collaborating closely with business leaders for the Group's ambitious growth and diversification.

In his new role, Shashvat will take charge of steering the Group's innovation and business expansion initiatives. His primary focus will be on leading AGI's global expansion initiatives, formulating a strategic roadmap to establish a strong international presence. Shashvat will also be tasked with exploring strategic partnerships, fostering innovative collaborations, and evaluating potential ventures to further enhance the Group's presence in the building products and packaging products sector.

Beyond these strategic initiatives, Shashvat will concentrate on enhancing the capabilities of the data and analytics teams, contributing to the Group's digitalization efforts. His primary objective is to ensure a comprehensive and forward-looking integration of technology across the businesses, positioning Somany Impresa Group for success in the digital age.

"I am thrilled to embark on this new chapter with Somany Impresa Group. The Group's commitment to innovation and forward-thinking approach is truly inspiring. I am confident that my experience and collaborative spirit will contribute to our ambitious expansion and diversification goals,” said Shashvat Somany, Head of Strategy, Somany Impresa Group.

 

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[Funding Alert] Lighthouse India Fund Invests Rs 284 cr in Kushal’s
[Funding Alert] Lighthouse India Fund Invests Rs 284 cr in Kushal’s
 

Lighthouse India Fund IV AIF has injected Rs 284 crore into Kushal’s, a prominent name in India's fashion and silver jewelry market. This marks the maiden investment by Lighthouse from its fourth private equity fund. The funding round also involves a secondary buy-out, allowing a partial exit for its initial institutional investor, India SME Investments, which had invested in 2019.

Established in 2006 by the Gulechha family, Kushal’s has become a key player in the fashion jewelry sector, offering a diverse range of products for various occasions. With a retail presence spanning 75+ stores across 25+ cities in India and an online channel, Kushal’s stands out in a segment predominantly occupied by unorganized players. The focus on design, quality, and customer experience has given the brand a distinctive edge. Previous funding rounds involved investments from India SME Investments and MOPE. The current injection of growth capital aims to bolster brand development and expand the retail footprint.

Manish Gulechha, Co-Founder of Kushal’s Retail said, “Kushal’s was founded with a vision to offer women the most exclusive and on-trend fashion jewelry; combined with exceptional quality and best-in-class shopping experience. The funding will facilitate investments in brand building, technology, people, and retail expansion. We are thrilled to have Lighthouse as a partner in our journey.

Anshul Jain, Managing Director at Lighthouse noted, “Kushal’s is at the forefront of organizing the large, fragmented fashion jewelry market in India with its premium product range catering to the needs of aspirational consumers. The Company is uniquely placed to grow with strong macro tailwinds in the category and changing consumers’ preference for fashion jewelry that is becoming an integral part of their lifestyle. We are pleased to partner with the Gulechha family in this journey and are very excited about the Company’s future.

Mitin Jain, MD at India SME Investments added, “Kushal’s high-quality management team has set the gold standard for a large pool of small and medium enterprises in India while also creating huge value for its investors.

India's fashion and silver jewelry market, valued at Rs 30,000 crore, experiences an annual growth rate of 20 percent, with organized retail claiming a 5 to 6 percent market share. As a pioneer in this sector, Kushal’s is playing a transformative role in reshaping fashion jewelry retailing in India, already having served over 2 million satisfied consumers. The brand's stores and services offer a premium, contemporary experience tailored for the modern Indian woman.

 

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Retail India News: Aditya Birla Fashion and Retail Marks a Decade of Sustainability with "Fashionabling Earth"
Retail India News: Aditya Birla Fashion and Retail Marks a Decade of Sustainability with "Fashionabling Earth"
 

Aditya Birla Fashion and Retail Limited (ABFRL) proudly unveils "Fashionabling Earth," a 3D coffee table book, at Bharat Tex 2024. This book commemorates a decade of ABFRL's sustainability journey, showcasing the company's commitment to environmental responsibility in the retail sector in India.

“Fashionabling Earth” goes beyond a traditional book, offering an interactive experience designed to engage and inspire. Through interactive 3D features and captivating pop-up images, the book brings to life ABFRL's sustainable initiatives, emphasizing its dedication to environmental preservation. The book provides updates on ABFRL's achievements in circularity, renewable energy, zero waste to landfill, CSR activities, and more. It narrates the story of ABFRL's journey to sustainability excellence through compelling storytelling and visually stunning presentations.

Naresh Tyagi, Chief Sustainability Officer, Aditya Birla Fashion and Retail Ltd said, “Fashionabling Earth” embodies ABFRL's commitment to three pillars of sustainability: clean by-design products, sustainable operations, and inclusive communities. As India's largest pure-play fashion and lifestyle player, ABFRL is dedicated to demonstrating excellence in tackling climate change and leading the sector by example.

ABFRL's sustainability journey has seen remarkable accomplishments, ranging from eco-friendly packaging to waste management and emission control. Looking ahead, ABFRL reiterates its dedication to embedding sustainability into its core ethos and daily operations, aiming to establish new industry standards. The company has ambitious goals for the future, including creating a net-zero built environment. ABFRL is poised to enhance its sustainability initiatives over the next decade by focusing on increased efficiency, greater use of renewable energy, and community empowerment activities. "Fashionabling Earth" not only celebrates past successes but also underscores ABFRL's steadfast commitment to a sustainable future in the retail industry in India.

 

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True Diamond Takes Center Stage in India's Lab-Grown Diamond Retail
True Diamond Takes Center Stage in India's Lab-Grown Diamond Retail
 

True Diamond has announced its debut as a premier destination for luxury lab-grown diamond jewelry. With a commitment to redefining diamond jewelry through artistry, technology, and sustainability, True Diamond aims to set a new standard for elegance and ethics.

The lab-grown diamond industry witnessed a 16 percent surge in sales in 2023 compared to the previous year, capturing a significant 10 percent market share of all diamond jewelry sales. This presents a strategic entry point for True Diamond into the market.

Positioning itself as a champion of sustainability, True Diamond offers an environmentally friendly alternative to traditional diamond mining. Lab-grown diamonds, compared to mined diamonds, consume less energy, water, generate minimal mineral waste, and emit significantly fewer greenhouse gases.

True Diamond specializes in 100 percent certified lab-grown diamond jewelry featuring contemporary designs. All products are meticulously certified by renowned international authorities such as IGI and GIA, ensuring third-party validation of exceptional quality. True Diamond emphasizes a customer-centric approach with an all-India 14-day delivery promise, free returns, and a buyback and exchange policy.

The brand provides up to 90 percent savings compared to earth-mined diamonds. For instance, a single-carat VS1-E solitaire, if mined, would cost approximately Rs 3-5 Lacs, whereas a True Diamond Lab Diamond costs just Rs 0.4 Lacs, resulting in significant savings for customers.

Darayus Mehta, Co-Founder and Director of True Diamond said, "Lab diamonds are not just the future, they are the NOW. We are thrilled to introduce True Diamond to the world."

Transparency serves as the cornerstone of trust for True Diamond, providing customers with detailed breakdowns of costs at every step. The brand's commitment to excellence extends to its diamond grades, consistently maintaining clarity levels at VS and above, color grades at D/E/F, and cuts rated as Excellent and above. True Diamond's diamonds are also Type IIa, the purest form, ensuring unrivaled brilliance and purity.

As True Diamond continues to redefine luxury with its lab-grown diamond jewelry, customers can experience a new era of ethical luxury where transparency, artistry, technology, and sustainability converge to create timeless and trend-defying jewelry.

 

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Retail India News: Da Milano Sets a New Standard for Spring Trends
Retail India News: Da Milano Sets a New Standard for Spring Trends
 

Da Milano has introduced its much-anticipated Spring Summer 2024 collection, representing refined taste and sophistication that encourages individuals to embrace their true selves through effortless styling. The latest offerings showcase handcrafted luxury in novel forms, dimensions, and textures, seamlessly blending timeless craftsmanship with contemporary allure.

The Scalloping Bags, part of the essential accessories for the current season, exude grace and charm, catering to individuals with a keen sense of fashion. The DM Monogram Collection adds an element of exclusivity for both men and women, while the Geometric Patterned collection caters to refined tastemakers. The Day-N-Night Collection offers versatility for the career woman, effortlessly transitioning from the boardroom to suave cocktail evenings.

The collection also includes a diverse range of trolleys and luggage, combining style and functionality for travel enthusiasts. Exclusive textures of Signato and Croco feature in exquisite portfolios, catering to individuals with refined tastes. Small Leather Goods take center stage, featuring intricate designs for mobile covers, AEI, jewelry cases, and vanity pouches, showcasing a wide range of textured leather options.

The color palette for the season offers a captivating visual experience with unique shades like Petrol Green, Tomato, Chocolate, Taupe, and Cognac. Renowned for its timeless charm, Da Milano pays homage to its distinctive hues – Octane, Ocean, Orchid, Chalk, Ivory Blush, and Honey – reflecting the brand's enduring legacy.

Sahil Malik, MD of Da Milano said, "Our Spring Summer 2024 collection is a seamless blend of classic artistry and modern aesthetics. We have created a world where time-honored craftsmanship meets contemporary flair, along with a fusion of tradition and innovation. With its luxurious and sophisticated designs, the new collection weaves a tale of luxury and sophistication, inviting you to embrace your individuality and true self with effortless styling."

Da Milano, a brand with global appeal, reaffirms its commitment to revolutionizing the concept of luxury in the fashion industry. The exquisite collection promises customers an exceptional blend of grace, refinement, and uniqueness, ensuring an unparalleled retail experience.

 

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Retail India News: Reliance Consumer Products Partners with Elephant House to Expand Beverage Offering 
Retail India News: Reliance Consumer Products Partners with Elephant House to Expand Beverage Offering 
 

Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Retail Ventures Limited (RRVL), has announced a strategic partnership with Sri Lanka's Elephant House to manufacture, market, distribute, and sell beverages under the Elephant House brand across India. This collaboration aims to enhance RCPL's beverage portfolio, featuring renowned brands like Campa, Sosyo, and Raskik, while introducing new and valuable products to Indian consumers.

Elephant House, a subsidiary of Ceylon Cold Stores PLC under John Keells Holdings PLC, Sri Lanka's largest listed conglomerate, offers a diverse range of beverages, including Necto, Cream Soda, EGB (Ginger Beer), Orange Barley, and Lemonade.

 Ketan Mody, COO, Reliance Consumer Products Limited said, “Elephant House, which enjoys strong market credibility, is an iconic brand with deeprooted heritage. This partnership will not only add its much-loved beverages to our growing FMCG portfolio but will also offer our Indian consumers great choice and value proposition through quality products. Being the custodian of several renowned global brands in India, Reliance is well-equipped to further expand Elephant House’s established consumer brand, which has been built over 150 years.

Krishan Balendra, Chairperson of the John Keells Group said, “We are proud to announce the expansion of the Elephant House brand to the Indian market. Our partnership with Reliance Consumer Products Limited marks a significant milestone in the journey of our heritage brand and represents our commitment to delivering our high-quality beverages to new consumer segments. We look forward to the opportunity this partnership brings, to provide refreshing and innovative beverage options to meet the diverse preferences of Indian consumers."

The agreement between RCPL and Elephant House underscores a shared commitment to excellence and innovation, allowing both organizations to capitalize on synergies and strengthen their market presence. RCPL's vision is to offer Indian consumers a diverse portfolio of globally recognized brands and products known for exceptional quality and value. The company is actively expanding its multi-channel operations to reach a broader consumer base across diverse markets.

Currently, RCPL's FMCG portfolio includes iconic beverage brands like Campa and Sosyo Hajoori, a wide confectionery range from Lotus Chocolates, Toffeeman, and snacks such as Alan's Bugles and Masti Oye. The portfolio also features Sri Lanka's leading biscuit brand Maliban, along with staples and daily convenience products under the Independence brand. In-home and personal care, RCPL offers products such as dishwashing liquids, laundry detergent, soaps, and toilet cleaners.

 

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Retail India News: Agriculture Secretary Stresses Digital Role in Empowering Agri Sector
Retail India News: Agriculture Secretary Stresses Digital Role in Empowering Agri Sector
 

Manoj Ahuja, Secretary of the Ministry of Agriculture and Farmers Welfare, Government of India, highlighted the crucial role of digital infrastructure in propelling agricultural innovation and empowerment. Speaking at the FICCI 'Viksit Bharat@2047' national conclave, Ahuja expressed a vision for leveraging digital technologies to revolutionize India's agricultural sector, emphasizing the need for a comprehensive digital ecosystem to empower farmers and stakeholders across the value chain.

Addressing the conclave, Ahuja stressed the importance of public-private partnerships in utilizing digital technologies to address agricultural challenges and unlock new growth opportunities. He emphasized the significance of risk management, research and development in developing climate-resilient seeds, and sustainable agricultural practices, focusing on maintaining productivity while ensuring environmental conservation.

Alka Upadhyaya, Secretary of the Department of Animal Husbandry and Dairying, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India, shared insights on the livestock sector's contribution to the agriculture sector. She highlighted that the total output of the livestock sector is 15.63 lakh crore, with milk alone contributing about 10 lac crores. India has become the world's dairy hub, with about 25 percent of the global milk supply originating from the country, making it the second-largest producer of eggs.

Upadhyaya emphasized the need to identify opportunities for value addition in livestock products and advocated for increased investment in processing infrastructure to enhance the quality and competitiveness of Indian livestock products in domestic and international markets.

Ashok Gulati, Distinguished Professor at the Indian Council for Research on International Economic Relations (ICRIER), emphasized boosting productivity, diversification to high-value crops, capturing the best export markets, and value addition. He highlighted the potential of digital infrastructure to develop a system where farmers can sell their commodities at the all-India level and access all-India markets.

Rajeev Chawla, Chief Knowledge Officer and Advisor (Digital Agriculture) at the Ministry of Agriculture and Farmer Welfare, Government of India, discussed the development of AgriStack, a digital infrastructure similar to Aadhaar, aimed at providing essential details about farmers, including land ownership, location, and crop information.

Aparna Bijapurkar, Managing Director and Partner at BCG, underscored the importance of risk capital to support farmers and value chain players in addressing challenges across the agricultural sector.

Hemant Sikka, Co-Chair of the FICCI National Agriculture Committee and President of Farm Equipment at Mahindra and Mahindra Ltd highlighted India's position as the largest tractor market globally, surpassing the US and China in terms of units sold.

Kaushal Jaiswal, Co-Chair of the FICCI National Agriculture Committee and Managing Director of Rivulis Irrigation India Pvt Ltd discussed significant challenges faced by India in agriculture due to climate change, leading to an increased number of dry days affecting productivity.

Ravindra K Agrawal, Promoter Chairman of KisanKraft, emphasized the need to liberalize agriculture sector regulations to spur growth and increase farmer income.

Yogesh Thorat, Managing Director of Maha Farmers Producers Company Ltd. (MAHAAFPC), highlighted the need for strengthening Farmer Producer Organizations (FPOs) through public-private partnerships (PPPs) to support value chains in agriculture.
 

 

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Retail India News: Godrej Security Solutions Witnesses 15 pc Surge in Retail Biz
Retail India News: Godrej Security Solutions Witnesses 15 pc Surge in Retail Biz
 

In a recent announcement, Godrej and Boyce, the flagship company of the Godrej Group, disclosed a robust 15 percent growth in its retail business, specifically within Godrej Security Solutions. The surge is attributed to the escalating demand for home lockers during the ongoing wedding season in India.

The Verge series, a recent addition to the company's product lineup, aims to cater to modern consumers' needs by providing top-tier security for valuables without compromising on home aesthetics. Positioned as an ideal wedding gift, the Verge series has contributed significantly to the overall growth.

With a substantial 75 percent market share in the home lockers segment, Godrej Security Solutions aims to capitalize on the wedding season, evolving security needs, and the increasing focus on home security. The company plans to expand its product line by introducing IoT-enabled lockers and safes, integrating security with intelligent features to elevate customer satisfaction.

Pushkar Gokhale, Business Head of Godrej Security Solutions said, “The wedding season is a very interesting period for Godrej Security Solutions, contributing significantly to our revenues. With the changing dynamics of households, particularly the rise of nuclear families and working couples, the need for reliable home security has become paramount. Newlyweds in particular prioritize securing their valuables as they setup their new home. We have scaled up capacities and expanded our range to meet this demand. Our home lockers are meticulously designed to offer a perfect blend of security, affordability, and elegance that compliments any home décor. Our mission extends beyond just providing security; it involves seamlessly integrating enhanced features to redefine the customer experience. We anticipate a 20 percent growth in this category by the end of the fiscal year, aligning with our vision to be the preferred choice for top-notch security solutions. Our continued focus on innovation and integration of smart technologies is at the core of our efforts to redefine home security and achieve our objective of securing happiness for millions of families.

The company's recent nationwide expansion of the Home Lockers category, with the addition of 800 new counters, reinforces its commitment to addressing the dynamic security needs of Indian households. This strategic move solidifies Godrej Security Solutions as the preferred choice for security solutions and gifting purposes.

In line with their commitment to securing happiness for millions of families, Godrej Security Solutions aims to maximize the growing demand for safes and lockers as wedding gift options. As a market leader, the company remains a preferred choice for gifting in this category, reflecting its ongoing success in the retail business.

 

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Retail India News: India Set to Host Historic 'Startup Mahakumbh' Event
Retail India News: India Set to Host Historic 'Startup Mahakumbh' Event
 

In a significant development for India's burgeoning startup landscape, the country is poised to host its first-ever 'Startup Mahakumbh', a colossal celebration of innovation, entrepreneurship, and investment set to take place from March 18-20, 2024, at the esteemed Bharat Mandapam in Pragati Maidan, New Delhi. This monumental event, driven by collaborative efforts from ASSOCHAM, NASSCOM, Bootstrap Incubation and Advisory Foundation, TiE, and Indian Venture and Alternate Capital Association (IVCA), aims to solidify India's standing as a global hub of innovation and magnify the nation's startup prowess.

With a primary objective of fostering connections between startups and a spectrum of investors, including VCs, angel investors, family offices, and HNIs, alongside potential corporate partners, the event is anticipated to host over 1000 startups, 10 thematic tracks, 1000 investors, 500 incubators and accelerators, 5000 conference delegates, 10 country delegations, 5000 future entrepreneurs, and 40,000 business visitors across three dynamic days.

Government bodies such as the Department for Promotion of Industry and Internal Trade (DPIIT), Department of Commerce (DoC), India Trade Promotion Organisation (ITPO), Small Industries Development Bank of India (SIDBI), Government-e-Marketplace (GeM), Export Credit Guarantee Corporation of India (ECGC), and Zomato are actively supporting the event.

The curtain raiser for Startup Mahakumbh, held at Vanijya Bhawan, New Delhi, witnessed the presence of Shri Piyush Goyal, Hon’ble Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, underlining the government's commitment to fostering entrepreneurial spirit and innovation. Shri Sanjiv, Joint Secretary, DPIIT, and Shri Prashant Kumar Singh, CEO, Government e-Marketplace, were also present during the curtain raiser.

Shri Piyush Goyal, Hon’ble Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles said, “Throughout the three days of Startup Mahakumbh, the startups will be able to engage with investors, and relevant stakeholders and create a sub ecosystem to support each other with ideas and learn from the experience of others….We will also see participation from students to inculcate the spirit of entrepreneurship, spirit of inquiry in them and help them go back with confidence and talk about the New India and the story of emerging India.

Towards the end of his keynote, Hon’ble Minister added that, “A great India story is unfolding in front of each one of you (young India) and you will be the flag bearers of the story in Amrit kaal, that is moving towards Viksit Bharat.” 

Shri Sanjiv, Joint Secretary, DPIIT, said, “We are hoping to see 1000+ startups, 1000+ investors, 500+ incubators at the event. We have also invited 21 startup bridges countries to actively participate and engage with startups and inspire them during Startup Mahakumbh.” 

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The curtain raiser witnessed the participation of prominent figures from the organizing committee and key stakeholders of the startup ecosystem, including Prashanth Prakash, Executive Council Member - IVCA, Sanjeev Bikhchandani, Co-founder and Executive Vice Chairman, Info Edge, Archana Jahagirdar, Founding and Managing Partner, Rukam Capital, Nivruti Rai, MD and CEO, Invest India, and Sanjay Nayar, Sr Vice President, ASSOCHAM, and Founder and Chairman, Sorin Investments.

We are really excited to meet the startup ecosystem at the Startup Mahakumbh and they can count on Invest India to be their support. We are here to support and reiterate on how Invest India can help in development and flourishment of the Indian startup ecosystem. I believe that entrepreneurship and policy is the way for us to grow,” remarked Nivruti Rai, MD and CEO, Invest India.

Sanjay Nayar, member, Organising Committee, Startup Mahakumbh said, “There is no better time to position India as the startup hub in the global map. We hope that March 18-20 will be pretty historic. We will 100s of startups across states and districts, with an international touch. During Startup Mahakumbh, our efforts are to ensure focus on everything starting from B2B SaaS to pharmacy, agritech and everything.” 

Sanjeev Bikhchandani, member, Organising Committee, Startup Mahakumbh said, “Startup Mahakumbh will provide the right platform to showcase the pace at which the Startup ecosystem in India is evolving. From enabling handshakes to help build the right network, we expect more than 1000+ startups, 1000+ investors, 500+ incubators and accelerators, 5000+ conference delegates, 10+ country delegations, and 40,000+ business visitors to be a part of the event. These three days will be a big showcase and reflection of India’s innovating and growing startup ecosystem and will bring the right mindsets, ideas and energies in one place.” 

Prashanth Prakash, member, Organising Committee, Startup Mahakumbh said, “The Indian startup ecosystem has grown significantly in the past decade, however there is not a single unified platform that brings all aspects of the ecosystem together to showcase the scale and magnitude of the startup industry. Startup Mahakumbh is the conglomeration of startups across sectors, be it agri, biotech, climate tech or manufacturing and brings the right leaders and stakeholders to connect and engage with each other’s to further propel the growth of the industry. I believe Startup Mahakumbh will act as a platform that will bring real innovators together in front of founders and funders both who have succeeded and failed and learn from each other.” 

Archana Jahagirdar, member, Organising Committee, Startup Mahakumbh said, “It is imperative to come together and converge and bring the strength of each person and entity to this ecosystem so that we can bring the four I's and the power of I's together- Intellectual convergence, Investment for growth, Innovation showcase, and International outreach.

Startup Mahakumbh aims to spotlight unparalleled innovation, featuring transformative products, cutting-edge technologies, and revolutionary business models across diverse sectors. The event provides an opportunity to interact with top voices in the startup ecosystem and connect Indian startups with international networks, paving the way for collaborations, mergers, and acquisitions that showcase India's dynamism in entrepreneurship.

At the core of Startup Mahakumbh are multiple thematic pavilions, each highlighting sector-specific innovation and trends. These pavilions, dedicated to AI + SaaS, D2C/Consumer brands, Agritech, Fintech, Deep Tech, Biotech and Pharma, Incubators, Climate Tech, E-sports, and B2B Manufacturing, are designed to facilitate engaging conversations and connections among startups, investors, and industry stakeholders, fostering innovative collaborations and showcasing the diversity and potential of India's startup ecosystem.

 

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Retail India News: Nat Habit Empowers Marketing Strategy with Ankita Srivastava as CMO
Retail India News: Nat Habit Empowers Marketing Strategy with Ankita Srivastava as CMO
 

Amidst the dynamic expansion of India's beauty and wellness industry, Nat Habit welcomes Ankita Srivastava as the Chief Marketing Officer, leveraging her extensive experience in shaping marketing strategies for some of the country's most beloved personal care brands. With a focus on authentic natural offerings and a recent injection of $10.2 million in Series B funding, Nat Habit positions itself for strategic growth in the evolving beauty market. Srivastava's role will be pivotal in steering consumer strategy, portfolio expansion, and team development to propel Nat Habit into the next phase of its journey.

In response to the industry's projected $30 billion valuation by 2027, Nat Habit is strategically positioned to capitalize on the growing demand for authentic natural beauty products. The recent addition of Ankita Srivastava as Chief Marketing Officer comes at a critical juncture for the brand, aligning with its vision of disrupting the beauty and personal care space through a consumer-focused marketing strategy.

Swagatika Das, Co-Founder, Nat Habit, said, “We are thrilled to have Ankita onboard, whose expertise and proven success in building leading Beauty and Personal Care brands makes her an ideal brand leader to channel our business goals into a robust marketing strategy. Our strategic vision for the next two years involves a multi-faceted approach aimed at sustaining and scaling our presence in the beauty and personal care industry. With Ankita at the helm of our consumer-insight-driven marketing strategy, we are geared up to disrupt the space.

Ankita Srivastava, Chief Marketing Officer, Nat Habit said, “The Indian Beauty and Personal Care market is undergoing a fundamental shift in the way consumers are interacting with the category and Nat Habit is all set to disrupt the market one natural ingredient at a time. Swagatika and Gaurav have created a truly differentiated brand, based on their shared passion for natural living and holistic wellness. In an era of greenwashing, their holistic vision, built on deep technical knowledge and commitment to authenticity, stands apart. We are redefining the very meaning of natural beauty, and that's a beauty revolution worth being a part of. Together with the leadership, I aim to scale awareness and fast-track Nat Habit’s journey to becoming a household name synonymous with natural, fresh, and authentic personal care, making natural living a habit.

With a career spanning two decades and contributions to renowned brands such as Garnier, Dettol, Parachute, and Park Avenue, Ankita Srivastava brings a wealth of consumer expertise and business acumen to Nat Habit. The brand, under her leadership, seeks to accelerate awareness and establish itself as a trailblazer in natural beauty and wellness.

As Nat Habit remains committed to simplifying, modernizing, and making genuine natural personal care accessible to everyone, Ankita Srivastava's appointment signifies a strategic move to reinforce the brand's pioneering position in the natural beauty and wellness sector.

 

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Retail India News: Welspun Living Joins Bharat Tex 2024 to Champion India's Textile Legacy
Retail India News: Welspun Living Joins Bharat Tex 2024 to Champion India's Textile Legacy
 

Welspun Living Ltd is set to take part in Bharat Tex 2024, a national textile exhibition in New Delhi from February 26 to 29, 2024. This event symbolizes India's standing in the global textile domain, and Welspun Living Ltd. is honored to be part of this significant initiative.

Founded in 1985 by Balkrishna Goenka, Welspun started as Welspun Winilon Silk Mills in Palghar, Maharashtra, and has grown into a global leader in home textiles over 35 years. The company transformed into Welspun Living Limited in 2023, known for innovation, branding, and sustainability. Welspun Living is the largest exporter of textiles to the US, reflecting its commitment to excellence and stakeholders. Guided by core principles, Welspun continues to lead in the textile industry, upholding its legacy amid the challenges of a dynamic global market.

Under the theme "Make in India, for the World," the company aims to exhibit its dedication to quality, innovation, and sustainability. Rooted in the ethos of Make in India for the World, its products fuse global trends with craftsmanship, meeting diverse consumer preferences worldwide. With a focus on dynamic trends in home textiles, Welspun Living uses consumer insights to drive innovation and maintain a leading position.

Bharat Tex 2024, featuring a wide array of textile products, will facilitate networking opportunities and spur growth in the global textile market. Welspun Living's participation will highlight its role in revitalizing India's textile value chain and supporting the Government of India's 5F vision (Farm to Fibre to Factory to Fashion to Foreign). The company aims to underscore India's rich textile legacy and its vision for a sustainable, innovative future globally.

Looking ahead, Welspun Living is committed to expanding its global footprint while reinforcing sustainability and societal impact. Planned trajectories include strategic investments in technology, research, and partnerships to drive growth across the value chain. As the textile sector evolves, Welspun Living remains dedicated to excellence, guided by a vision to create value for all stakeholders.

Dipali Goenka, CEO and MD of Welspun Living Limited stated, “At Welspun Living, our approach to 'Make in India, for the World' underscores the immense potential of India's manufacturing prowess. Through the integration of Industry 4.0 and AI, we are pioneering India's high capability standards globally. With our participation in Bharat Tex 2024, we aim to showcase our thought leadership on sustainability practices. Governance is critical, playing a significant role in catapulting the demand for Indian-made products globally. India is increasingly becoming a preferred global supply chain partner, and with technologies like predictive Analytics powered by AI, Blockchain, the Internet Of Things, and Data Analytics, it is imperative that we stay ahead of the curve and let Indian Textile become a giant in the world-industry.

Bharat Tex 2024 is expected to be a dynamic platform, bringing together industry leaders, policymakers, and stakeholders worldwide. Welspun Living looks forward to participating in insightful discussions, forming meaningful partnerships, and presenting its latest textile innovations at the event.

 

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Retail India News: Indian Navy Partners with Pee Safe for Women's Hygiene in Armed Forces
Retail India News: Indian Navy Partners with Pee Safe for Women's Hygiene in Armed Forces
 

In a significant collaboration, personal hygiene and wellness brand Pee Safe have joined forces with the Indian Navy and Navy Welfare and Wellness Association (NWWA) to provide essential hygiene products for women in the armed forces. This partnership is a part of the Memorandum of Understanding signed between the Indian Navy, NWWA, and Pee Safe as a component of the Navy's wellness initiative for 'Women in White.' On the occasion of the 38th NWWA Diwas, Pee Safe kits were presented to all women officers and Agniveers stationed in Delhi, with plans to distribute them across all commands. The kit comprises a Menstrual Cup, a Sterilizing Container, a Menstrual Cup Steam Sterilizer, and a Menstrual Cup Wash.

Kala Hari Kumar, President NWWA said, "In line with the Indian Navy's vision of “All Roles, All Ranks” for women, NWWA has realized the need to ensure that serving women personnel feel welcome and inclusive in all aspects. Menstrual hygiene is one such aspect crucial for the health and wellness of women, especially in the armed forces while serving on-board warships, submarines, and aircraft. This initiative aims to provide our 'women in white' with the much-needed care and attention, acknowledging their dedication that extends beyond physical comfort, even during times that would traditionally necessitate rest. This first-of-its-kind partnership aims to guarantee accessibility and affordability, ensuring this small step impacts countless lives and fosters a more inclusive environment."

Vikas Bagaria, Founder, Pee Safe, stated, "Pee Safe considers it a great honor to provide essential feminine hygiene products to the Indian Naval Fraternity. Their dedication and hard work in their incredibly important roles are truly inspiring to us. Our commitment to supporting their well-being remains unwavering, as we strive to ensure that they receive the comfort and care they deserve while focusing on their vital work throughout their menstrual cycle."

The signing of the Memorandum of Understanding with Pee Safe marks a pioneering step in NWWA’s approach to menstrual hygiene, signed by Kala Hari Kumar, President NWWA, Vice Admiral Gurcharan Singh, Controller of Personnel Services, and Vikas Bagaria, Founder, Pee Safe. The initiative aims to strengthen the fabric of service and ensure that every woman can reach her full potential.

Co-founded by Srijana Bagaria, with the help of her husband and the Founder, Vikas Bagaria, Pee Safe has been focused on providing women with solutions to their everyday problems. Products are available in upwards of 20,000 retail counters across 100+ cities in India. Pee Safe also exports to 22 countries along with a presence in all major e-commerce marketplaces, apart from their website.

 

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Retail India News: UNIQLO Reveals UNIQLO U 2024 Spring/Summer Collection
Retail India News: UNIQLO Reveals UNIQLO U 2024 Spring/Summer Collection
 

Global apparel retailer UNIQLO is set to launch the UNIQLO U 2024 Spring/Summer collection, designed by Artistic Director Christophe Lemaire and the UNIQLO R&D team in Paris. The collection, available in India from March 8th, features a calming palette of subtle colors, creating a flexible wardrobe of technicity, protective layers, and future classics.

The UNIQLO U 2024 Spring/Summer collection emphasizes lightweight volume, generous fabrics, iconic basics, and utilitarian garments with innate elegance, offering a simplified, modern wardrobe as an antidote to the demands of everyday life. The range includes a wide array of tonal looks and combinations in sage, celadon tints, mellow purples, bright khakis, creamy whites, and sorrel browns.

The men's and women's design teams collaborated to create genderless essentials, including the Utility Hooded Coat and the Boxy Tailored Jacket, featuring boxy silhouettes and a muted color palette for easy dressing for any body type.

This season introduces the UNIQLO U Women’s SUPIMA Cotton Crew Neck T-shirt and the Men’s AIRism Cotton Crew Neck T-shirt in fresh colorways and fit. Sports Utility Wear has also been updated, offering adaptable options like AIRism UV protection T-shirts and leggings for women, and DRY-EX T-shirts, Tank Tops, and Shorts for men, suitable for various activities.

With a lineup of 19 items for women, 23 items for men, and 4 accessories, the majority of the UNIQLO U 2024 Spring/Summer collection is designed to be genderless, providing a versatile and functional wardrobe for the modern consumer.

 

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Retail India News: Pilgrim Unveils New Makeup Line to Tap into India's Beauty Market
Retail India News: Pilgrim Unveils New Makeup Line to Tap into India's Beauty Market
 

Pilgrim announced the introduction of its makeup line, a strategic move to tap into the flourishing Indian beauty and personal care market projected to hit $30 billion by 2027. With a vision to bring global beauty ingredients to Indian households, Pilgrim launches a vibrant makeup range co-created with its dedicated customer community. This venture, comprising 45+ SKUs in the makeup category, is poised to contribute significantly to Pilgrim's goal of becoming a 1000 crore ARR brand by 2025, including a target of 30 percent growth in topline within the next 12 months.

Expanding from its successful skincare line, Pilgrim's foray into makeup is a response to customer demands for a range aligning with the brand's skincare ethos. The makeup collection, crafted with the input of its community, boasts innovative skincare-infused products designed to deliver both beauty and skincare benefits. Pilgrim, with a monthly client base of 7,00,000 and gross sales of 30+ crore per month, aims to disrupt the beauty market with this strategic move.

Anurag Kedia and Gagandeep Makker, Co-Founders, Pilgrim said, "At Pilgrim, it's not merely about competing; we are at the forefront of a beauty revolution, redefining the very essence of beauty both in India and across the globe. As we carry forward the Pilgrim narrative, each makeup product has been meticulously infused with skin-nourishing world ingredients. Our commitment to sourcing world beauty ingredients and addressing consumer requirements remains unwavering and our inaugural venture into the realm of makeup is a step towards the same direction.  Doubling down on our commitment to consumer centricity, the introduction of our makeup line was an opportunity for us to intimately collaborate with our valued community. We hosted engaging jamming sessions, delving into their preferences and desires. The result is a groundbreaking makeup collection infused with the goodness of international ingredients set to disrupt the billion-dollar industry.

Pilgrim's entry into the makeup segment follows its recent achievement of securing $20 million in Series B Funding led by Vertex Ventures Southeast Asia and India, alongside existing investors Fireside Ventures and Narotam Sekhsaria Family Office. The meticulously crafted makeup line includes vibrant metallic eyeliners, everyday lipsticks, and glam shades, aimed at enhancing the overall beauty experience. With a focus on skincare, the liquid lipsticks and face care products incorporate ingredients like Spanish Squalane, Hyaluronic Acid, Australian Kakadu Plum Vitamin C, Moroccan Argan Oil, Macadamia Nut Oil, and Jojoba, setting new benchmarks for hydration and longevity.

 

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Retail India News: Centaury's Q-Gel Range All Set to Disrupt Sleep Solution Market
Retail India News: Centaury's Q-Gel Range All Set to Disrupt Sleep Solution Market
 

Centuary Mattresses has introduced the Q-Gel Mattress range, incorporating CuSense Technology to redefine the sleep experience. This innovative addition aims to meet the increasing consumer demand for cooler and more comfortable sleep, addressing the importance of quality rest.

The meticulously crafted mattress features a Viscose Fabric Cover with EuroTop Finish, providing a luxurious feel and enhanced comfort. The Q-Gel Copper Crystal Memory Foam, infused with CuSense Technology, ensures effective heat management, contributing to a restful sleep experience. Designed with Ergo-soft Transition Foam and Centrik Pro Responsive Contour Foam, the mattress offers exceptional body support and airflow regulation.

As part of the launch offer, customers can avail of a Flat 10 percent off, a Free CuSense Pillow Set, and an Anti-microbial Bed Sheet with pillow covers, subject to terms and conditions.

The Q-Gel Mattress comes in two variants – the Q-Gel Luxury and the Q-Gel Comfort. The Q-Gel Luxury, with an 8-inch thickness, promises a soft and plush feel with EuroTop finish, backed by a 7-year warranty. Crafted with CertiPUR-US certified materials, it incorporates CuSense Technology, Centrik Pro responsive cushioning, Grip+ fabric, quilted designer border with Active edge support, and Hi-Rez foam with X-Bounce Anti Sag technology. Prices for single, queen, and king sizes are Rs 24,938, 39,465, and 47,752, respectively.

The Q-Gel Comfort, a 6-inch foam mattress with a soft firmness level, tight-top finish, and a 7-year warranty, offers advantages such as Q-Gel Copper Crystals, CuSense Technology, Centrik Pro Responsive Foam, Ergo-soft Transition layer, Anti-skid Base fabric, Certi-PUR US Certification, and antimicrobial properties. It is available in single, queen, and king sizes, with price points mirroring Q-Gel Luxury.

Centuary Mattress aims to make the Q-Gel Mattress accessible to consumers across India, initially available offline and on centuaryindia.com, with plans for wider online availability. This addition to Centuary's portfolio is a strategic response to market demands, offering a cooler and more comfortable sleep experience in the mid-premium price range. With a legacy spanning over three decades, Centuary Mattress is India's fastest-growing mattress brand, recognized as the nation's Sleep Specialist, consistently innovating to provide a comprehensive range of sleep solutions.

 

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Retail India News: Godrej Professional Unveils Botosmooth Treatment for Delhi Salon Industry
Retail India News: Godrej Professional Unveils Botosmooth Treatment for Delhi Salon Industry
 

Godrej Professional has introduced its latest hair treatment, Botosmooth, accessible in popular salons across Delhi. The brand conducted a hair show attended by over 100 salonists and stylists from the region, providing insights into the revolutionary hair Botox treatment. This move not only showcases the brand's commitment to innovation but also emphasizes its dedication to enhancing the skills of salon professionals.

Botosmooth is a groundbreaking treatment that rejuvenates all hair types without the use of formaldehyde, ensuring a safer option for consumers. The treatment leaves hair exceptionally soft, frizz-free, and naturally straight-looking for up to 30-60 washes. Enriched with a blend of nourishing Nutri oils, including Argan oil, Grape seed oil, Coconut oil, Sunflower oil, and Shea Butter, Botosmooth aims to set a new standard of excellence in hair care, empowering individuals to embrace their best hair every day.

Abhinav Grandhi, General Manager, Godrej Consumer Products Ltd (GCPL), stated, “We already have an established presence in the professional hair care category and expertise in haircare and colour, this makes us enter the next category which is hair Botox treatment. Botosmooth is a superior formulation that is free from formaldehyde that gives a smooth, long lasting, and fizz-free hair. Revolutionary products like Botosmooth enhance the salon experience for clients and foster business growth opportunities for salon owners.”

He further added, “Skill-building education about latest hair treatments is crucial for getting best results in salon hair care treatment. Godrej Professional is doing this by organizing training with international hairdressers and industry experts for stylists across Delhi. This will enhance the skills of all these hair stylists.”

Shailesh Moolya, National Technical Head at Godrej Professional, and Najeeb Ur Rehman, Botosmooth and Kerasmooth Ambassador at Godrej Professional, provided insights into the new hair straightening and smoothening technique. Sylvia Chen, Technical Ambassador at Godrej Professional, showcased simple styles during the session.

Shailesh Moolya, National Technical Head, Godrej Professional said, "Gone are the days of grappling with styling tools or battling unruly locks. Enriched with Shea Butter and Nutri oils like argan oil, grape seed oil, coconut oil, sunflower oil, Botosmooth offers a transformative solution that suits all hair types. With this Formaldehyde free formula, you can bid adieu to frizzy, dry hair that needs frequent washing and say hello to frizz-free, smooth, shiny, straight hair. We recommend our Godrej Professional Keracare hair care products such as shampoo, conditioner, hair mask and oil, for home care to maintain the results.” 

Filipe Rabelo, esteemed global educator and owner of prominent salon chain in Brazil, said, “Botosmooth by Godrej Professional is the salon expert for achieving superior hair texture, offering a revolutionary treatment now available in India. This protein-based product is free from formaldehyde, ensuring a safe and delightful experience for both salon professionals and clients alike. Infused with a variety of nutrition-enhancing ingredients, it guarantees that hair remains healthy and strong while achieving a smooth, sleek finish. This product also reflects a personal collaboration I had with Godrej Professional to introduce Brazilian formulations suitable for all hair types in India."

People can avail of Godrej Professional Botosmooth treatment across leading salons in Delhi. 

 

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Retail India News: Aditya Birla Group to Disrupt Indian Decorative Paint Sector, Aims for Rs 10,000 Cr Revenue in 3-Years
Retail India News: Aditya Birla Group to Disrupt Indian Decorative Paint Sector, Aims for Rs 10,000 Cr Revenue in 3-Years
 

In a strategic move echoing the dynamism of contemporary India, Aditya Birla Group Chairman, Kumar Mangalam Birla, unveiled the ambitious entry of the conglomerate into the Rs. 80,000 crore Indian decorative paints market. This foray is marked by the launch of the new brand, "Birla Opus," with an upfront investment of Rs 10,000 crore by the group flagship company, Grasim Industries Ltd.

Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “India today is teeming with dynamism, audacity, and a penchant for disruption. This India finds a reflection in our paints venture, Birla Opus. The Aditya Birla Group’s deep insight into the building materials ecosystem, honed over the years, offers us a unique vantage point. Birla Opus, therefore, is poised to transform the paint industry with a 40 percent addition to current capacity.  No paint company globally has ever launched in one shot— factories, operations, products, and services, at the scale that we are about to undertake. Birla Opus should be seen as a scale start-up incubated by the Aditya Birla Group. It uniquely combines the agility, energy, and frugality of a start-up with the muscle, reliability, and brand strength of a storied and dynamic conglomerate.

Birla Opus products are set to debut in Punjab, Haryana, and Tamil Nadu by mid-March 2024, expanding rapidly to cover all towns with populations exceeding 1 lakh by July 2024. This swift and extensive pan-India launch aims to set a new benchmark in the paint industry.

Birla Opus is all set to redefine standards on creativity, scale, transparency, technology, and sustainability. We are confident that the benefits of the competitive advantage built on the interplay of futuristic technology and pioneering chemistry will be passed on to the consumers through lower costs and consistency of superior quality. Birla Opus promises to simplify the consumer journey making the experience of painting enjoyable and contemporary,’ stated Himanshu Kapania, Director, Aditya Birla Group. 

Birla Opus is set to offer an extensive range with 145+ products and 1200+ SKUs, covering water-based paints, enamel paints, wood finishes, waterproofing, and wallpapers. Targeting diverse consumer segments, including economy, premium, luxury, designer finishes, and institutional clients, Birla Opus aims to present the largest range of 2,300+ tintable color choices, including 216 iconic Indian colors.

Rakshit Hargave, CEO, Birla Opus said, “On the back of strong in-house R&D, and extensive field validations, Birla Opus is committing to a higher product warranty than the leading players across most of water-based products. Birla Opus is also setting a benchmark by offering first-time warranty on enamels and wood finish products. As a customer-centric organisation, Birla Opus is poised to introduce a unique and pathbreaking customer assurance program shortly. As part of the inaugural offer, consumers will get an additional 10 percent volume on water-based products and contractors will get loyalty benefits across most of our products.

With a robust network strategy, Birla Opus plans to build the second-largest network of dealers within the first year, integrating modern tinting machines and ensuring a 4-hour delivery of its extensive range to dealers in depot towns. The brand aims to engage over 300,000 painting contractors, making significant strides in customer outreach.

At the launch event, Kumar Mangalam Birla invited the extensive spectrum of 100,000+ paint dealers pan-India to participate in this industry revolution and contribute to transforming the consumer experience.

Birla Opus proudly inaugurated six strategically located, fully automated, integrated manufacturing plants during the launch event. These plants, with a total commercial capacity of 1,332 MLPA, mark a 40 percent addition to the current industry capacity. The plants, equipped with 4th generation manufacturing technology, are fully sustainable with zero liquid discharge, ensuring end-to-end traceability.

The Aditya Birla Group's entry into the paints market aligns with the government's push for infrastructure development and housing for all. As India's economy heads towards a $10 trillion milestone by 2034, the paints sector is poised to surpass the Rs 3,00,000 crore mark, presenting Birla Opus with a unique opportunity to thrive in this dynamic landscape.

 

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Retail India News: Jungle Ventures Invests $20 mn in Walko Food for Ice Cream Expansion Strategy
Retail India News: Jungle Ventures Invests $20 mn in Walko Food for Ice Cream Expansion Strategy
 

In a strategic move signaling sustained confidence in India's burgeoning ice cream market, Singapore-based venture capital firm Jungle Ventures has injected an additional $20 million in growth funding into Walko Food, the country's fastest-growing ice cream brand and leading quick-service restaurant (QSR) company. This marks Jungle's second investment in Walko within less than a year, underscoring its belief in the company's potential to emerge as a dominant force in the Indian desserts landscape.

In a market where dessert preferences are undergoing a seismic shift towards ice cream, Walko Food stands out with its diverse portfolio of brands catering to various price points. Since its last funding round in May 2023, where Jungle Ventures initially backed Walko, the company has introduced Yummo, a new ice cream brand tailored for the Indian mass retail market, tapping into a substantial $3 billion opportunity.

Known for its unwavering commitment to quality, Walko's Yummo ice creams are crafted exclusively from pure milk, offering a wide variety that surpasses all other brands in India. The capital infusion from Jungle Ventures is poised to propel Walko's expansion, enhancing operational capacity, enriching product offerings, and accelerating the penetration of Yummo into the Indian ice cream market.

Sanjiv Shah, Director, Walko Food Company said, “We are thrilled to have Jungle Ventures as our partner. This is a significant milestone for Walko. The capital raised will help to expand Walko’s operational capacity, enrich our product offerings, and diversify with the mass-market ice cream brand - Yummo. This collaboration is a testament to Jungle Ventures' confidence in Walko's management team and its vision to nurture and grow our existing brands, including NIC, Grameen Kulfi, and Cream Pot, across various sales channels. As a key player in the Indian ice cream industry, Walko remains committed to solidifying its position in the market and delivering unparalleled value to its customers and stakeholders.

Arpit Beri, Partner, India Investments at Jungle Ventures said, “Walko is tapping into a multi-billion-dollar opportunity in the Indian ice cream industry. In recent years, ice cream has captivated Indian consumers, causing a structural shift in dessert consumption patterns from traditional Indian sweets to ice cream. Walko has showcased leadership in this segment with a diverse range of brands spanning various price points. At Jungle, we have been profoundly impressed by the overwhelming consumer love for Walko products and the way the founding team is establishing a modern FMCG house of brands. Walko has followed an uncharted path in creating its brands; whether it is establishing its own pan-India distribution system or establishing a dark store network to reach the consumers directly in metros and Tier l / lll cities. The management’s sharp focus on delivering high-quality products is a testament to the Company’s vision of building a solid foundation for growth,

As a testimony to Walko's commitment to brand visibility, the company recently appointed celebrity Rashmika Mandanna as the brand ambassador for its premium ice cream brand NIC. Additionally, Walko partnered with Zepto to distribute a staggering 250,000 cups of NIC ice cream, marking one of India's largest ice cream giveaways to date.

In an era where ice cream consumption is reshaping dessert trends, Walko Food, backed by Jungle Ventures, stands at the forefront of India's evolving retail landscape, solidifying its position and delivering unparalleled value to customers and stakeholders.

 

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Jimmy Choo's The Crystal Slipper Dazzles in the Global Luxury Arena!
Jimmy Choo's The Crystal Slipper Dazzles in the Global Luxury Arena!
 

In the throes of a dazzling transformation, India's luxury market is embracing a new era, fueled by cutting-edge technology and an unwavering commitment to sustainability. Deloitte's 2023 Global Powers of Luxury Goods report reveals India's formidable impact on the global luxury industry, which soared to an impressive $347 billion in the fiscal year 2022.

Against this opulent backdrop, the iconic Jimmy Choo brand has unleashed The Crystal Slipper, a contemporary reimagining of the enchanting fairy tale shoe. This glamorous footwear masterpiece harks back to the romance of 18th-century Rococo court shoes, showcasing meticulous craftsmanship and the mesmerizing sparkle of hand-applied Swarovski crystals, creating the illusion of a radiant jewel.

Sandra Choi, the Creative Director, shares her inspiration behind The Crystal Slipper, stating, "Embodying fantasy and magic, the Crystal Slipper is an ode to the eternal allure of glamour. I was inspired by the concept of love and drawn to Swarovski’s heart-shaped crystals."

Each pair of these magical shoes is meticulously hand-finished with a breathtaking 12,938 Swarovski crystals, including the underside, giving The Crystal Slipper an ethereal appearance of light emanating from within. A hand-embroidered heart-shaped crystal cluster graces the pointed toe pump, and a unique iridescent lining complements the crystal exterior with its ultra-violet glow.

Established in 1996, Jimmy Choo stands as a global luxury brand, exuding an empowered sense of glamour and a playfully daring spirit. Renowned for confident style and exceptional craftsmanship, the brand is synonymous with the art of celebrity dressing and red-carpet elegance. CEO Hannah Colman and Creative Director Sandra Choi have seamlessly blended the brand's innovative spirit with time-honored techniques, resulting in exceptional collections spanning footwear, handbags, fragrance, accessories, and a flourishing men's line. Together, they have crafted a global powerhouse defined by glamour, optimism, and joy. Welcome to the extraordinary world of Jimmy Choo's The Crystal Slipper — a tale of luxury, love, and limitless radiance.

 

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Retail India News: Makoba Showcases Exquisite Montegrappa Gladiator Range
Retail India News: Makoba Showcases Exquisite Montegrappa Gladiator Range
 

In a distinctive venture, Makoba, the distinguished one-stop shop for all Premium Pens, introduces the Montegrappa Gladiator – an ultra-luxury, limited-edition writing instrument designed and crafted by Montegrappa in India. This exclusive pen draws inspiration from the legendary fighters of Ancient Rome, blending opulent craftsmanship with historical significance.

Handcrafted from precious metals and equipped with top-tier writing components, the Montegrappa Gladiator caters to collectors and business professionals seeking the epitome of power in a pen. As the latest addition to Montegrappa's esteemed Warriors series, following the Viking (2019) and the award-winning Samurai (2018), the Gladiator captivates with its unique design and attention to detail.

The pen's design, a culmination of nearly five years of meticulous work, showcases a detachable torso with articulated arms and a hinged visor, presenting both a man and a fighting machine. Vermeil detailing adds a touch of glamour to the gritty, burnished silver finish, featuring symbols of imperial grandeur like the Aquila Romana and SPQR motto. The pen's mechanical prowess is matched by its internal engineering, featuring the exclusive Power-Push hydraulic charging system for revolutionary one-step filling.

Beyond its functionality as a writing instrument, the Gladiator serves as an objet d'art, suitable for display in offices or studios. Each pen comes with a grandiose 32 cm model of Rome's Colosseum, complete with display plinths for each component. A replica Gladius sword accompanies the pen for opening correspondence, while a vegan leather pen roll provides transport to other arenas.

Available in editions of 105 in sterling silver and five in 18K gold, the Gladiator marks the year 105 BCE, the inception of Rome's public Gladiator Games. As a nod to the extravagance of the empire's ludi, the pen pays homage to the costly spectacles featuring thousands of fighters and beasts.

Makoba, renowned for its vast selection of Premium Pens, men's accessories, and stationery, serves as the exclusive retailer for the Montegrappa Gladiator. With over 3000 products available, Makoba stands out as the go-to destination for branded pens, fine stationery, accessories, and corporate gifts. Featuring 60+ international brands, Makoba's website, makoba.com, is the largest online pen shop in India.

Makoba extends its offerings beyond pens to include a tasteful range of designer bar accessories and desk items. Luxurious paperweights, bowls, photo frames, and wine stackers, some crafted from genuine calf leather with platinum-plated fittings, enhance Makoba's premium and luxury segments. As a purveyor of fine craftsmanship and sophistication, Makoba continues to redefine the landscape of premium lifestyle products in India.

 

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Retail India News: VLCC Appoints Vikas Gupta as MD and Group CEO to Drive Strategic Growth
Retail India News: VLCC Appoints Vikas Gupta as MD and Group CEO to Drive Strategic Growth
 

In a significant leadership move, VLCC, the renowned beauty and skincare brand, has announced the elevation of its Group CEO, Vikas Gupta, to the role of Managing Director (MD) and Group CEO, effective immediately. The decision has been warmly welcomed by the company's Board of Directors. Vikas, who took on the position of Group CEO in April 2023, now assumes a dual responsibility at the helm of VLCC.

In his expanded role, Vikas Gupta is poised to spearhead VLCC's strategic initiatives, emphasizing overall business growth through the adept use of technology and a customer-centric approach. His focus is on introducing top-notch beauty and skincare products to the diverse and dynamic retail landscape in India. Boasting decades of global experience in shaping leading consumer brands and digital platforms, Vikas Gupta has been instrumental in propelling VLCC's growth within India. Under his leadership, the company has identified and capitalized on new opportunities for expansion and development in the Indian beauty and skincare market.

 

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Retail India News: Sensodyne Expands Oral Health Portfolio, Aims to Enhance Oral Hygiene Space
Retail India News: Sensodyne Expands Oral Health Portfolio, Aims to Enhance Oral Hygiene Space
 

In the ever-evolving landscape of oral care in India, Sensodyne, a prominent brand under Haleon (previously GlaxoSmithKline Consumer Healthcare), proudly unveils its latest breakthrough – Sensodyne Complete Protection+ Mouthwash. As a renowned player in the realm of toothpaste and brushes crafted for individuals with sensitive teeth, this new addition signifies Sensodyne's commitment to bringing trusted science in a fresh and innovative format.

The oral care segment in India is witnessing rapid growth, particularly in the mouthwash category. As health consciousness surges among Indians, Sensodyne aims to enlighten individuals on the advantages of incorporating mouthwash into their daily oral care routine. Sensodyne Complete Protection+ Mouthwash is meticulously designed to complement the daily brushing routine, providing an additional layer of protection to overall oral health. Formulated without alcohol, it offers defense against tooth sensitivity and enamel wear, contributing to the maintenance of robust teeth. Infused with fluoride, it also fights against cavities, while the cool mint flavor leaves a refreshing sensation without any burning effect.

Bhawna Sikka, Category Lead - Oral Healthcare, Haleon ISC said, "Our mouth is the gateway to our overall health, and therefore, it is extremely important to prioritize Oral Health. As a brand, our endeavor is to deliver superior science products to meaningfully cater to consumer needs. With Mouthwash, we will be able to help people seeking holistic oral health solutions. We are thrilled to introduce Sensodyne Complete Protection+ Mouthwash, providing consumers protection from sensitivity, enamel wear, and cavities. This expansion offers our consumers a comprehensive Sensodyne regimen that includes toothpaste, brush, and now a mouthwash."

Sensodyne Complete Protection+ Mouthwash will be conveniently available across various retail channels, including grocery stores, pharmacies, modern trade outlets, and e-commerce platforms throughout India. The product is offered in two practical pack sizes – 100 ml at an MRP of Rs 130 and 250 ml at an MRP of Rs 230. This strategic move further solidifies Sensodyne's commitment to delivering comprehensive oral care solutions to the discerning Indian consumer.

 

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How Walmart and Flipkart Empowered 50,000 MSMEs; Plus US Giant’s $10 bn Pledge
How Walmart and Flipkart Empowered 50,000 MSMEs; Plus US Giant’s $10 bn Pledge
 

In a remarkable culmination of collaboration and innovation, Walmart recently wrapped up its inaugural India Growth Summit, a groundbreaking event that showcased the prowess of export-ready suppliers, innovators, and entrepreneurs hailing from 24 states and union territories. This summit, characterized by vibrant pitch meetings, celebrated products crafted, cultivated, or assembled in the heart of India. Notably, more than 80 percent of participating suppliers received coveted invitations to progress to the next phase, underscoring the excellence and potential inherent in their offerings.

Aligned with Walmart's steadfast commitment to sourcing $10 billion worth of goods from India annually by 2027, the summit served as a pivotal platform to bolster the Make in India initiative. The overarching goal was to expedite exports across diverse categories where India holds expertise, including but not limited to food, consumables, health and wellness, general merchandise, apparel, shoes, home textiles, and toys. This strategic initiative not only solidified Walmart's commitment to the Indian market but also actively contributed to supporting India's ambitious vision of evolving into a leading participant in global markets.

Andrea Albright, Executive VP, Sourcing, Walmart said, “At Walmart, we see tremendous opportunity in India and that was seen in the quality products, sellers and innovators we met with this week. We are excited to continue serving as partners in India’s economic growth. Investing in high growth markets like India, helps us strengthen our relationships with established suppliers while also developing new relationships to build long-term surety and diversity of global supply.  We also see huge potential in collaborating with some of India’s brightest minds around value chain solutions.

The summit facilitated a dynamic convergence of the Walmart sourcing innovation team and forward-thinking supply chain innovators based in India. This collaboration aimed to propel the development of the country's supply chain infrastructure, reinforcing its resilience and competitiveness on the global stage.

Walmart's dedication to the Indian market extends beyond this recent summit, with the company having cumulatively sourced an impressive $30 billion in products across a spectrum of categories. In a strategic partnership with Flipkart, Walmart announced a significant milestone achieved through the Walmart Vriddhi training and mentorship program. The program successfully empowered 50,000 Micro, Small, and Medium Enterprises (MSMEs), enabling them to actively participate in both domestic and global supply chains.

At Flipkart, we have a continued commitment to support the growth, development, and prosperity of MSMEs, who backed by their entrepreneurial zeal and innovation, are the driving force of India’s economy. Enabling MSMEs and unlocking inclusive growth while creating new jobs and empowering communities, is key to achieving India’s vision of a $5 trillion economy in the next few years. Alongside Walmart and the Walmart Vriddhi program, we are proud to support the digital transformation of MSMEs to enhance their growth journey, along with the knowledge they need to scale, uncover new business opportunities, and imbibe international best practices,” said Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart Group.

This week's event follows the triumph of the 2022 summit, where Walmart strategically recruited sellers for its online marketplace, drawing interest from more than 650 Indian MSMEs. As Walmart continues to play a pivotal role in fostering growth, innovation, and economic resilience within India's business landscape, the India Growth Summit stands as a testament to the company's unwavering commitment to driving positive change and building a robust foundation for future collaborations.

 

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Retail India News: Radico Khaitan Commits to Heroic Legacy with Spirit of Victory 1999 Pure Malt
Retail India News: Radico Khaitan Commits to Heroic Legacy with Spirit of Victory 1999 Pure Malt
 

In a poignant tribute to the valiant soldiers of the 1999 Kargil War, Radico Khaitan Limited, one of India's largest liquor companies, introduces the Spirit of Victory 1999 Pure Malt Whisky. This release, part of the distinguished "Spirit of Victory" brand range, follows the success of its predecessors, the 1965 The Spirit of Victory Premium XXX Rum and the 1965 Spirit of Victory Lemon Dash. Beyond showcasing brand creation capabilities, each product in this line is meticulously crafted with a profound sense of national pride, contributing to the emerging Pure Malt whisky category.

Underlining its commitment to the welfare of the Indian Armed Forces, Radico Khaitan has pledged to contribute a portion of the revenue from every bottle sold to their welfare funds. Initially launched in Uttar Pradesh and Haryana, the Spirit of Victory 1999 Pure Malt Whisky will expand to other states, priced at Rs 5,000.

Amar Sinha, Chief Operating Officer at Radico Khaitan said, "The Spirit of Victory 1999 Pure Malt Whisky is both a tribute to our courageous soldiers and a testament to our brand creation capabilities." He emphasized the product as more than just a new chapter, calling it a heartfelt acknowledgment of the indomitable spirit that unites the nation.

The Pure Malt, also known as a blended malt, is a whisky type crafted by blending various single malts distilled twice in traditional pot stills, each contributing distinct flavor profiles. The carefully selected global single malts are blended with Indian single malt to create the exceptional Spirit of Victory 1999 Pure Malt.

The Spirit of Victory range by Radico Khaitan commemorates the victories of three significant Indo-Pak wars, including 1965, the 1999 Kargil War, and 1971. Built on the pillars of Brotherhood, Courage, Valor, and Glory, the range includes the 1965 Spirit of Victory Rum, the 1965 Spirit of Victory Lemon Dash Rum, and the latest addition, the Spirit of Victory 1999 Pure Malt. Radico Khaitan continues to showcase its commitment to honoring and supporting those defending the nation.

 

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Retail India News: HCCB Strengthens Commitment to Youth Development in Telangana
Retail India News: HCCB Strengthens Commitment to Youth Development in Telangana
 

In a strategic move to empower the youth of Telangana, Hindustan Coca-Cola Beverages (HCCB), a leading FMCG company in India, is poised to extend its renowned 'Campus to Corporate Program' in partnership with the Telangana Academy for Skill and Knowledge (TASK) and Aahan Consulting. The initiative, announced at the Government Girls Polytechnic College, aims to equip nearly 5,000 final-year diploma students from Government Polytechnic Colleges with employable skills, emphasizing the company's commitment to skill development in India.

This expansion builds upon a successful collaboration that, since its launch in 2022, has already surpassed its initial milestone, training over 15,000 students across Telangana. Aligned with the Memorandum of Understanding (MoU) signed between HCCB and TASK last year, the program sets an ambitious goal to upskill an additional 10,000 college students by the 2023-24 academic year.

The 'Campus to Corporate' initiative focuses on making college students industry-ready by offering comprehensive training sessions. TASK, in collaboration with HCCB, orchestrates physical classroom sessions, while HCCB takes charge of content development, trainer identification, Train the Trainers program (TTT), and both virtual and physical classroom sessions.

The training curriculum encompasses soft skills, resume building, and interview preparation, aiming to bridge the gap between academia and the industry. Sri C. Srinath, Regional Joint Director, Department of Technical Education, Telangana, emphasized the significance of such initiatives in facilitating a smooth transition for students into professional roles.

Himanshu Priyadarshi, Chief Public Affairs, Communications, and Sustainability Officer at HCCB stated, “HCCB remains deeply committed towards the growth and prosperity of Telangana. Through our 'Campus to Corporate Program,' we aim to harness the dynamic nature of today's job market and equip the young professionals with adequate skills to make them employable. We are firm in our dedication to empowering the state's youth, driving positive community change, and fostering economic development. We are excited about the future and our role in supporting the vibrant economy of Telangana.

This announcement follows closely on the heels of HCCB's meeting with the Hon'ble Chief Minister of Telangana, Sri A. Revanth Reddy, shedding light on the company's Rs 3,000 crore expansion plans in the state, including the upcoming greenfield project at Bandatimmapur in Siddipet district. The 'Campus to Corporate Program' is part of HCCB's comprehensive engagement with the Government of Telangana, encompassing various projects focused on skill development, water stewardship, and waste management. As HCCB strengthens its ties with Telangana, the 'Campus to Corporate Program' emerges as a crucial pillar in the broader strategy of driving positive socio-economic change in the region.

 

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From Aisles to Algorithms: Bombay Gourmet Market's Online Overhaul with Yango Tech!
From Aisles to Algorithms: Bombay Gourmet Market's Online Overhaul with Yango Tech!
 

Bombay Gourmet Market recently announced a strategic collaboration with Yango Tech, a global technology leader celebrated for its forward-thinking solutions, to revolutionize modern retail in India, to elevate and enrich the online shopping experience for their clientele.

Central to this impactful partnership is the introduction of Yango Tech's White-Label Store App, a technological marvel engineered to refine and enhance the online grocery shopping journey. At the core of this advanced application lies sophisticated machine learning capabilities, meticulously tailored to offer personalized recommendations, thereby ensuring a seamless and efficient user experience.

Distinguishing the collaboration is the implementation of a unique custom design solution within the White-Label Store App. This bespoke interface serves as a visual testament to the distinctive brand identity of Bombay Gourmet Market, meticulously showcasing its diverse product offerings in an aesthetically pleasing manner.

In line with the brand’s commitment to customer satisfaction, the White-Label Store App will introduce live order tracking, affording customers the ability to monitor their purchases in real-time. The application will also incorporate dynamic pricing based on real-time demand, guaranteeing the patrons consistently competitive prices. Furthermore, the app will facilitate flexible payment options, encompassing credit cards, debit cards, and e-wallets for added convenience.

A notable advantage of this collaboration lies in the White-Label Store App's status as a ready-made solution, obviating the need for additional development time. This expeditious implementation ensures a swift and seamless transition for Bombay Gourmet Market into the realm of advanced online grocery services. 

"We are excited to partner with Yango Tech to bring our gourmet grocery selection and exceptional service to a wider audience online," said Akshay Kumar, Founder-Director, Bombay Gourmet Market. "Yango Tech's White-Label Store App is the perfect solution for us, as it allows us to quickly and easily launch our online store and provide our customers with a convenient and seamless shopping experience."

Max Avtukhov, CEO, Yango Tech, expressed his enthusiasm, stating, "We are thrilled to be working with Bombay Gourmet Market to help them expand their reach and provide their customers with a world-class online grocery experience. Our White-Label Store App is designed to give retailers like Bombay Gourmet Market the tools they need to succeed in the competitive online grocery market."

Together, Yango Tech and Bombay Gourmet Market are committed to transforming the way people shop for groceries in India, offering a revolutionary online grocery experience that combines technological innovation with the richness of gourmet selections.

 

 

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Retail India News: Nothing Before Coffee (NBC) Celebrates 50th Store Opening, Eyes Nationwide Expansion
Retail India News: Nothing Before Coffee (NBC) Celebrates 50th Store Opening, Eyes Nationwide Expansion
 

In a remarkable achievement, Nothing Before Coffee (NBC), a leading Quick Service Restaurant (QSR) brand, unveils its 50th store in the vibrant cityscape of Malviya Nagar, New Delhi. The inauguration heralds a new era of accessible, high-quality coffee experiences for patrons across diverse regions.

Founded in 2017 by Akshay Kedia, Anand Jain, Ankesh Jain, and Shubham Bhandari, NBC has swiftly garnered a loyal following by prioritizing premium coffee offerings and fostering inviting environments. The brand's relentless pursuit of excellence has established its presence across 10 states and 26 cities, captivating coffee enthusiasts nationwide.

With the addition of 25 outlets in the fiscal year 2023-24 alone, NBC boasts the highest-ever store expansion rate, indicating a robust growth trajectory. The brand's expansion endeavors are further fortified by a strategic collaboration with Building Brands for Tomorrow (BBFT), a renowned leader in restaurant franchising and startup consultancy.

"Our 50th store opening symbolizes our unwavering dedication to crafting unparalleled coffee experiences," remarks Akshay Kedia, Founder & CMO of Nothing Before Coffee. "We aspire to become synonymous with exceptional coffee and beverage cafes, catering to diverse communities across India's Tier 1 & Tier 2 cities and beyond."

Rohit Singh, Founder of Building Brands for Tomorrow (BBFT), echoes Kedia's sentiments, emphasizing the burgeoning demand for affordable yet premium coffee offerings nationwide. "NBC's evolution from inception to prominence is truly inspiring. Our collaboration aims to amplify the brand's reach and impact, enriching coffee culture throughout India."

Spanning 550-600 sq. ft., the Malviya Nagar store offers a welcoming ambiance for patrons to unwind, work, or socialize while indulging in a diverse menu of over 100 meticulously crafted beverages. Notable highlights include the signature 'Shrappe,' a fusion of frappe and shake, showcasing NBC's commitment to innovation and quality.

With a steadfast commitment to vegetarian options, competitive pricing, and unparalleled customer service, Nothing Before Coffee continues to redefine the QSR landscape, promising an unparalleled coffee experience with every visit.

As NBC embarks on its ambitious expansion journey, the brand remains poised to leave an indelible mark on India's coffee culture, uniting communities one cup at a time.

 

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Saffola Honey's Unique Proposition to Celebrate Sundarbans Day
Saffola Honey's Unique Proposition to Celebrate Sundarbans Day
 

Marico Limited’s Saffola Honey, one of India's leading honey brands, is all set to introduce a packaging refresh for its Saffola Honey Active on the occasion of Sundarbans Day, February 14. Alongside this exciting pack refresh, the brand has also unveiled an immersive CGI video as part of its campaign.

Launched in 2020, Saffola Honey has long been a trusted name in Indian households, recognized for its commitment to purity. Saffola Honey which embodies the brand's promise of natural and unadulterated honey sourced from forests and pristine regions including Sundarbans. With the refreshed packaging, consumers can now experience the essence of the new pack in a visually appealing and attractive format.

Speaking about this initiative, Vaibhav Bhanchawat, Chief Operating Officer, India & Foods Business, Marico Ltd said, "We're excited to introduce the refreshed packaging for Saffola Honey Active, now presenting a captivating new look that reflects the purity and natural essence of our honey which includes honey from Sunderbans Forest.”

Bhanchawat further said, “To celebrate this refresh, we have unveiled a CGI video that brings the packaging redesign to life, showcasing the journey of Saffola Honey Active from the Sundarbans to your table. It's a delightful visual treat that complements the packaging refresh and reinforces our commitment to delivering an exceptional honey experience."

Saffola Honey, made with Sundarbans Forest honey, stands out for its purity. As consumers witness the new packaging, they can be confident in experiencing the same great taste and quality. This campaign reflects Saffola’s ongoing commitment to delivering pure honey experience, straight from nature's lap.

The newly redesigned packaging for Saffola Honey Active will be rolled out across various markets, including Hyderabad, Mumbai, Kolkata, Chennai, Delhi, and Bangalore. Additionally, it will be accessible through various e-commerce platforms.

 

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Retail India News: Allied Blenders and Distillers Limited Appoints Jayathirtha Mukund as Head - Investor Relations and Chief Risk Officer
Retail India News: Allied Blenders and Distillers Limited Appoints Jayathirtha Mukund as Head - Investor Relations and Chief Risk Officer
 

Allied Blenders and Distillers Limited (“ABD”) has announced the appointment of Jayathirtha Mukund as Head - Investor Relations and Chief Risk Officer, as the company gears up for its initial public offering (IPO).

"Mukund will be responsible for investor management and relations, risk management practices, and environmental, social and governance reporting. His experience will also be instrumental in enhancing ABD's risk strategies and enabling best practices in compliance," the company stated.

Mukund brings a wealth of experience from his tenure at esteemed organizations such as Raymond Limited, Reliance Communications Ltd., and Vodafone Essar Ltd. His appointment underscores ABD's commitment to fortifying its investor relations and risk management practices.

"We're focused on being 'future-ready' and we welcome Mukund on board," commented Alok Gupta, Managing Director, ABD.

ABD, recognized as the largest Indian-owned Indian-made foreign liquor (“IMFL”) company and the third largest IMFL company in India, anticipates leveraging Mr. Mukund's expertise to strengthen its market position and drive sustainable growth.

With brands like Officer’s Choice, Sterling Reserve, ICONIQ White Whiskies, and Kyron Premium Brandy under its portfolio, ABD aims to consolidate its position in the market and capitalize on emerging opportunities. Mr. Mukund's appointment marks a strategic move towards achieving these goals as ABD continues to expand its footprint in the industry.

 

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Demand for Premium Labels and Wine Tourism Boosts Profit of Sula Vineyards
Demand for Premium Labels and Wine Tourism Boosts Profit of Sula Vineyards
 

Sula Vineyards, India's leading wine producer, has reported a robust profit surge of over 9 percent in the third quarter, citing heightened demand for its premium labels and burgeoning wine tourism endeavors.

According to the Mumbai-based company, its consolidated net profit soared to 429.8 million rupees ($5.2 million) from 392.8 million rupees in the corresponding period last year.

The wine division, featuring esteemed brands like Dindori and Rasa, experienced a nearly 4 percent uptick in revenue for the quarter, representing the largest share of Sula's total revenue at 89 percent. 

Meanwhile, the wine tourism segment, though smaller, witnessed a notable 16 percent revenue increase, as more visitors flocked to Sula's vineyards in Nashik and Bengaluru, particularly over the Christmas weekend.

Overall, the company posted a 4 percent uptick in total revenue, reaching 2.18 billion rupees.

Sula's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margins expanded to 33.7 percent, up from 31 percent year-over-year.

Moreover, Sula has declared an interim dividend of 4 rupees per share for the fiscal year 2024.

The company's shares, which surged more than 7 percent in the December quarter, concluded trading with a nearly 5 percent gain ahead of the results announcement.

 

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Retail India News: Smartsters Teams Up with Hamleys and Crosswords to Expand Presence in India with 10+ New Stores
Retail India News: Smartsters Teams Up with Hamleys and Crosswords to Expand Presence in India with 10+ New Stores
 

In a groundbreaking collaboration aimed at transforming the landscape of children's furniture in India, Smartsters, the renowned kids' furniture brand, is set to unveil over 10 new stores across the country in partnership with retail giants Hamleys and Crosswords.

"This expansion reflects our commitment to making Smartsters an integral part of homes across India," says Ashni Biyani, the visionary force behind Smartsters. "Our journey is guided by the belief that every child deserves a space that sparks creativity and comfort."

The expansion initiative will see the launch of Smartsters Shop-in-Shop locations in major cities like Delhi, Mumbai, Chennai, Goa, Pune, Ahmedabad, and Noida, as part of the collaboration with Crossword and Hamleys. This strategic move aims to enhance accessibility and introduce Smartsters to a wider audience of parents and children, fostering a love for quality and style in kids' furniture.

The first Shop-in-Shop concept at Crossword's flagship store was met with resounding success, followed by expansions into Hamleys outlets. Moreover, a dedicated standalone store awaits in Ahmedabad's Palladium, promising a magical space filled with Smartsters' signature charm.

With three existing stores already catering to families nationwide and ambitious expansion plans in the works, Smartsters remains steadfast in its commitment to providing functional yet stylish kids' furniture. This move not only underscores Smartsters' dedication to nationwide accessibility but also solidifies its position as a leader in the evolving children's furniture market.

 

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India and Brazil drive Coca Cola’s beverage volume growth
India and Brazil drive Coca Cola’s beverage volume growth
 

Soft drink giant Coca-Cola Company announced on Tuesday that its beverage volume growth in 2023 within developing and emerging markets was spearheaded by India and Brazil. According to the company's latest financial report, net revenue for the December quarter surged by 7 percent to reach USD 10.8 billion, with organic revenues (non-GAAP) experiencing a robust growth of 12 percent. For the entirety of 2023, net revenues expanded by 6 percent to USD 45.8 billion.

In 2023, Coca-Cola witnessed a 2 percent increase in unit case volume, with developed markets growing by 1 percent, fueled notably by growth in Mexico and Germany. James Quincey, Chairman and CEO of the Coca-Cola Company, highlighted India's substantial growth during the earnings call, describing it as "robust" for the year.

The company's statement emphasized that developing and emerging markets experienced a 2 percent growth, with India and Brazil driving the momentum, although this was partially offset by the suspension of business in Russia in 2022. Unit case volumes for Coca-Cola saw a 2 percent increase during the December quarter.

During the same period, developing and emerging markets witnessed a 4 percent growth, primarily fueled by Brazil and India. The term "unit case volume" refers to the number of units of beverages directly or indirectly sold by the company and its bottling partners.

India stands as the fifth largest market for The Coca-Cola Company and played a significant role in driving overall growth in the Asia Pacific region and emerging markets, the company reported.

Coca-Cola noted that in the Asia Pacific region, unit case volume for the December quarter grew by 2 percent, driven primarily by growth in juice, value-added dairy, plant-based beverages, and sparkling flavors, with India and China leading the charge.

Despite gains in value share in total non-alcoholic ready-to-drink beverages, Coca-Cola observed a decline in unit case volume from its bottling investments in India during the December quarter, as the company continues to divest its business.

Coca-Cola's bottling investments group reported a 1 percent decline in unit case volume for the quarter, with growth in India and the Philippines being outweighed by the impact of refranchising bottling operations.

Last month, Coca-Cola's Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), handed over bottling operations in Rajasthan, Bihar, the Northeast, and parts of West Bengal to its existing partners in those regions.

Looking ahead to 2024, Coca-Cola expressed optimism, anticipating organic revenue growth of 6-7 percent. Quincey stated, "As we begin a new year, we are confident that our all-weather strategy, powerful portfolio, and harmonized system will continue to create value for our stakeholders in 2024 and for the long term."

 

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How ABFRL is Taking Jaypore to US with Ingenuity
How ABFRL is Taking Jaypore to US with Ingenuity
 

Aditya Birla Fashion and Retail Ltd is set to make waves in the United States with the launch of its renowned brand, Jaypore. This foray into the US market is made possible through a strategic partnership with Ingenuity, a leader in providing technology and marketing expertise.

Jaypore, celebrated for its artisanal lifestyle offerings, curates handwoven and handcrafted apparel, jewelry, home textiles, and accents inspired by craft forms from across India. This move signifies ABFRL's global ambitions, with a particular focus on expanding its direct-to-consumer (DTC) presence on an international scale.

Ashish Dikshit, Managing Director, Aditya Birla Fashion and Retail Ltd., said, “While Indian markets offer huge opportunity for consumer brands, it’s also an era for Indian brands to delight customers overseas. These are not just customers of Indian diaspora but also natives of those markets. Jaypore has a distinct appeal amongst customers who are looking for intricate designs, artisanal crafts, fine work and great quality products from India. We are glad to introduce Jaypore to the US market, in partnership with Ingenuity, paving the way for us to explore the global market through the digital route. We are excited about this move and hope to cater to many more customers of Jaypore around the globe.”

Vivek Ganotra, CEO, Ingenuity, said, “We are delighted to be working with ABFRL to introduce their Jaypore brand to the US market, which will be their first expansion into the country. Our dedication lies in providing streamlined commerce solutions for enterprise brands seeking internal expansion and we are thrilled to partner with one of India’s foremost fashion companies in facilitating their debut in the U.S. market. We are excited to contribute to the extension of the success they have already achieved in their home market of India.”

Ingenuity will play a key role in implementing comprehensive new market entry strategies tailored for the US audience. The focus includes customer acquisition and retention through a blend of influencers, paid media, and affiliates.

As Jaypore prepares to leave its mark on the US market, this strategic partnership symbolizes a new chapter in the global journey of India's leading fashion conglomerate.

ABFRL, a part of The Aditya Birla Group, stands as India's first billion-dollar pure-play fashion powerhouse. With revenue reaching Rs 12,418 Cr. and a retail space of 10.8 million sq ft (as of March 31, 2023), ABFRL is home to leading fashion brands and retail formats. Boasting a network of 3,977 stores, the company has established iconic brands like Louis Philippe, Van Heusen, Allen Solly, Peter England, and Pantaloons.

The international brands portfolio includes The Collective, with exclusive partnerships with brands such as Ralph Lauren, Hackett London, Ted Baker, Forever 21, and more. ABFRL has also ventured into the branded ethnic wear business with brands like Jaypore, Tasva, and Marigold Lane, showcasing its commitment to diversity and unique offerings.

As part of its technology-led venture, the House of D2C Brands, ABFRL's TMRW is building a portfolio of digital-first brands in partnership with emerging E-commerce market founders. Focused on fashion and lifestyle, TMRW aims to tap into the significant growth potential in India and globally, catering to the evolving needs of digitally native consumers.

 

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Hershey India takes AI Route to Woo Consumers This Valentine’s Day
Hershey India takes AI Route to Woo Consumers This Valentine’s Day
 

Hershey India Pvt. Ltd., a subsidiary of The Hershey Company, one of the leading global snacking and confectionery company has launched an innovative way to extend the brand’s distinctive proposition of expressing affection between loved ones by creating special moments by using Artificial Intelligence (AI).

The third edition of its flagship campaign, #YourForevers this Valentine’s Day with an AI powered element of personalization enabled by AI technology. The AI-powered campaign invites consumers to express feelings to their Forevers through an innovative and interactive experience which helps them create personalized dedications on the microsite (https://yourforevers.hersheyland.in/). Users can create and dedicate their proclamations by providing a few prompts, which will be transformed into a personalised ‘Snap Song’. The ‘Snap Song’ will have a custom photo and lyrics created and sung using generative AI technology.

The output will then be shared with users, allowing them to share the heartfelt creation with their Forevers. The brand has additionally partnered with leading storytelling platform Terribly Tiny Tales to showcase the dynamics of modern relationships through their highly acclaimed web show, ‘Butterflies’. The webisodes present a beautiful representation of love in myriad expressions, from the profound relationship between lovers to the cherished bond among friends. These heartwarming webisodes feature Ritwik Bhowmik and Reem Shaikh as the endearing couple who is about to tie the knot, celebrated TV Actor Asha Negi and Namita Dubey as friends who are trying to rekindle the magic of their past and Influencer Ashnoor Kaur, Harsh Gandhi and Arjun Deswal as best buddies on the verge of stepping into adulthood.

Commenting on the campaign, Ankit Desai, Marketing Director, Hershey India said, “Valentine’s Day is one of the most widely celebrated occasions, and in recent years, we have seen chocolates gaining prominence as a delicious enabler to expressing love during this special day. It’s a day dedicated to celebrating love, and through Hershey’s delectable range of chocolates, we want to empower our consumers to convey their feelings across relationships be it their parents, spouse or friends.”

“This Valentine’s Day, we have adopted an integrated 360-degree approach, encompassing new product launches, media on our lead brand HERSHEY’S KISSES and a new campaign on HERSHEY’S EXOTIC DARK, along with in-store activations. Additionally, we are amplifying the campaign on digital through our association with Terribly Tiny Tales, coupled with a first-of-its kind AI enabled ‘Snap Song’, which is a personalized song crafted using generative AI technology, tailored just for our consumers. With these initiatives, we aim to deliver a strong performance this Valentine’s.”

Hershey India’s celebration of myriad relationships mirrors the vast assortment of chocolates the brand offers, such as HERSHEY’S KISSES, HERSHEY’S EXOTIC DARK and HERSHEY’S BARS. In a move to make this Valentine’s Day even sweeter for consumers, Hershey India has launched a comprehensive 360-degree approach, unveiling a tantalizing array of new products including HERSHEY’S KISSES CASHEWS, HERSHEY’S EXOTIC DARK TURKISH HAZELNUTS - MOCHA AND CARAMEL FLAVOR and HERSHEY’S BAR -DARK ‘N’ RICH COFFEE FLAVOR.

 

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Retail India News: Minimalist Expands Horizons, Unveils Skin Solutions in Singapore, Vietnam, and Australia
Retail India News: Minimalist Expands Horizons, Unveils Skin Solutions in Singapore, Vietnam, and Australia
 

In a bold stride towards international expansion, Minimalist, India's renowned science-backed skincare brand, announces its venture into three new markets: Singapore, Vietnam, and Australia. This leap underscores the brand's dedication to making its proven and transparent skincare solutions accessible to a broader global audience.

Targeting millennials and Gen Z individuals in search of effective yet gentle skincare regimens, Minimalist has identified a thriving demand in Singapore, Vietnam, and Australia for clinically tested, transparent, and efficient skincare products. This aligns seamlessly with the brand's ethos. Departing from conventional advertising tactics, Minimalist focuses on educating consumers about various skin concerns and their remedies. Leveraging platforms like TikTok Shops in key markets, the brand delivers informative content directly to users. Embracing an online-first approach, Minimalist initially targets direct-to-consumer (D2C) channels and marketplaces, later expanding through strategic retail partnerships as demand escalates.

Mr. Mohit Yadav, Co-founder of Minimalist, expresses his excitement, stating, "Expanding our clinically proven skincare to these vibrant markets fills us with immense thrill! We've observed a clear demand for dependable skincare solutions among millennials and Gen Z in these regions, and we're confident that our values and approach deeply resonate with them."

Expanding beyond platforms like Shopee and Tokopedia in Singapore, Lazada and TikTok Shop in Vietnam, and Amazon in Australia, Minimalist is also making waves in the UK's Beauty Bay and TikTok Shop, and Saudi Arabia's Noon. A major Malaysian retail chain is set to join the fray in Southeast Asia, with plans for the debut of its haircare range following the success of its skincare line. Looking ahead, Minimalist eyes European expansion and consolidating its presence in key regions such as the UK, USA, GCC, and Southeast Asia, driven by its commitment to transparency, education, and clinically tested formulations.

At the heart of Minimalist's endeavors lies a mission to cultivate brand awareness among global audiences and establish itself as a leading player in the skincare arena. The expansion blueprint also entails fortifying its presence in existing markets like the UK, USA, GCC, and Southeast Asia through additional channels and geographical outreach.

As Minimalist transcends geographical boundaries, one thing remains constant - its unwavering dedication to empowering individuals with dependable, science-backed skincare solutions. This strategic global expansion lays the foundation for a united community driven by the pursuit of healthy, glowing skin, underpinned by transparency, education, and a keen understanding of the needs of millennial and Gen Z consumers. With ambitious plans and an unyielding focus on quality, Minimalist is poised to carve a prominent niche in the global skincare landscape, leaving an indelible mark on faces and hearts worldwide.

 

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India Sells Record 3.93 Lakh Cars in January: FADA
India Sells Record 3.93 Lakh Cars in January: FADA
 

In January 2024, India's automotive retail sector experienced significant expansion, with notable increases across all vehicle categories, as reported by the Federation of Automobile Dealers Associations (FADA) on February 13.

According to FADA data, the overall market activity surged by 15 percent, with two-wheelers leading the way with a 15 percent increase. Three-wheelers followed closely behind, boasting an impressive 37 percent growth rate, while passenger vehicles saw a 13 percent rise. Tractors (Trac) experienced a substantial 21 percent uptick, and commercial vehicles showed a modest 0.1 percent increase.

FADA attributed the steady demand for two-wheelers to continued strength in the rural market, bolstered by favorable crop production forecasts and ongoing government support for rural economies.

The report highlighted various factors contributing to increased demand, including improved vehicle availability following adjustments post-OBD 2 norm implementation, the introduction of new models, and a shift towards premium options. Despite supply shortages, heightened interest in electric vehicles suggests evolving consumer preferences within the segment.

Meanwhile, the passenger vehicle segment achieved a new all-time high in January, retailing 393,250 vehicles, marking a 13 percent year-on-year growth and surpassing the previous record set in November 2023. However, concerns persist regarding high inventory levels, which remain in the 50-55-day range, posing challenges for auto dealers.

FADA noted a mixed landscape in the three-wheeler sector, with growth and optimism in the commercial market tempered by intensified competition from electric models, which now represent 55 percent of the market.

Looking ahead to February, FADA anticipates continued consumer spending momentum driven by the ongoing marriage season and expected income from agricultural sales. Additionally, the implementation of post-Union Budget policies is expected to fuel growth in the commercial vehicle sector, particularly within infrastructure-related industries.

 

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Retail Inflation Eases to a Three Month Low of 5.1 pc
Retail Inflation Eases to a Three Month Low of 5.1 pc
 

India’s retail inflation slowed to 5.1 percent in January this year from 5.69 percent in December 2023, bringing some relief to household budgets, according to official data released by the Ministry of Statistics & Programme Implementation. A Reuters poll of 44 economists had forecast a three-month low of 5.09 percent.

Informing the Parliament of the measures taken to keep inflation stable, Finance Minister Nirmala Sitharaman, while presenting Interim Budget 2024-25 in the Lok Sabha said, “Retail inflation is stable and has come down within the tolerance band as a result of the steps taken by the government to check price rise, especially in perishable commodities.”

Inflation rate in rural and urban areas stood at 5.34 percent and 4.92 percent, down from 5.93 percent and 5.46 percent seen in the same month a year ago.

Food inflation, which accounts for close to half of the overall consumer price index (CPI), fell to 8.3 percent in January from 9.05 percent in December. However, the prices of vegetables, pulses, and spices registered a double-digit growth during the month, though there was some consolation as cooking oil prices continued to decline during the month.

The data show that vegetable prices shot up by as much as 27.03 percent, which was lower than the 31.34 percent during December. There was no relief as far as pulses are concerned as they turned costlier by 19.54 percent, while spices were dearer by 16.36 percent. The prices of cereals went up by 7.83 percent in January as against 9.53 percent in December.

"Food price inflation continued to impart considerable volatility to the inflation trajectory," RBI Governor Shaktikanta Das had said while announcing the policy decisions. "In contrast, the deflation in CPI fuel deepened and core inflation (CPI inflation excluding food and fuel) moderated to a four-year low of 3.8 percent in December."

Geopolitical events and their influence on supply chains, along with the volatility in international financial markets and commodity prices, are 'key sources' of upward risks to inflation, the RBI had said. The collective impact of policy repo rate increases is still making its way through the economy, it added.

The consumer price inflation is now above the 4 percent midpoint of the RBI’s 2-6 percent target range and is the main reason why the RBI is not going for a cut in interest rates to spur economic growth. The Central bank is keen to keep inflation under control to ensure stability and has held the repo rate steady at 6.5 percent for six consecutive times in-a-row in its bi-monthly monetary policy reviews.

 

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Strategic Adjustments Drive Growth for Tribhovandas Bhimji Zaveri in Q3
Strategic Adjustments Drive Growth for Tribhovandas Bhimji Zaveri in Q3
 

Tribhovandas Bhimji Zaveri Limited ("TBZ Ltd."), a renowned and trusted jewelry retailer in India with a legacy of over 159 years, announced its audited financial results for the third quarter of fiscal year 2023-24 (Q3 FY24) and the nine-month period of the year (9M FY24). Demonstrating resilience, the Company reaffirms its commitment to delivering unparalleled craftsmanship and value in the Indian jewelry landscape.

In Q3 FY24 and 9M FY24, despite facing revenue challenges, the jewelry brand maintained resilience by navigating through a period of fluctuating gold prices. The company made strategic adjustments, including optimizing the supply chain for greater efficiency and carefully managing sales to prioritize profitability. Notably, TBZ witnessed a positive shift in the Gold/Diamond Ratio, with a 3-4% growth in Diamond compared to Gold for Q3 FY24 and 9M FY24. This improvement reflects the company's efforts to adapt to evolving market demands while maintaining profitability.

Shrikant Zaveri, Chairman and Managing Director of TBZ, stated, "Our performance in the first nine months of FY24 highlights our commitment to steady growth and improved profitability despite market challenges. With our expanding footprint and enhanced operational metrics, TBZ Ltd. has earned the trust of a multi-generational clientele."

He further said, "We remain dedicated to delivering high-value growth without compromising on quality and renowned designs. Lastly, I invite everyone to visit our new store in Vapi, Gujarat, as we continue to expand nationally."

Mukesh Sharma, CFO of TBZ, reiterated the company's dedication to operational excellence, stating, "We are actively working on optimizing our supply chain and improving operational efficiencies to navigate through dynamic market conditions. Our focus on profitability and strategic management of sales channels has yielded positive results, reflected in our improving gross margins and profitability metrics. As we head into the end of the financial year, we remain focused on expanding our presence through new stores and the franchisee model, and building a journey of sustained growth, grounded on business fundamentals." He added.

 

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Garden Vareli 2.0: TCG's Rs 1,250 Cr Spectacular Game-Changer in India’s Textile Retail Space
Garden Vareli 2.0: TCG's Rs 1,250 Cr Spectacular Game-Changer in India’s Textile Retail Space
 

In the heart of Surat, Gujarat, a textile revolution is underway, led by The Chatterjee Group (TCG) and its visionary Chairman, Dr. Purnendu Chatterjee. The Rs 1,250 crore Fully Drawn Yarn (FDY) expansion project at Garden Silk Mills Private Limited (GSMPL) stands as a testament to TCG's commitment to reshaping the landscape of the textile sector. At the epicenter of this transformation is the iconic Garden Vareli brand, poised for a spectacular revival.

GSMPL, under the strategic guidance of TCG, has recently commissioned a state-of-the-art FDY plant at Jolwa with a capacity of 272 tons per day. The Oerlikon Barmag Wings+ machines employed in the facility are set to redefine textile manufacturing, producing 'best in class' FDY for various applications, from knitting to sizing.

D.P. Patra, Whole Time Director and CEO of MPCI, expressed the commitment to realizing Dr. Chatterjee's textile vision, emphasizing their dedication to attaining exponential growth in the PTA-Polyester Downstream segment. “We at MCPI and GSMPL are committed to realize the strong textile vision of Dr. Purnendu Chatterjee, Chairman, TCG.” – D.P.Patra, Whole Time Director and CEO, MCPI.

The investments in the new FDY yarn facilities, coupled with a 220 KVA electricity connection and a focus on renewable power sources, underscore TCG's dedication to sustainable and innovative business practices.

The Garden Vareli Resurgence 

Garden Vareli, a legacy brand established in 1979, once held a prominent position in India's fabric and fashion industry. Despite facing challenges in recent years, the brand's enduring recall value and equity have prompted TCG to actively work towards its revival. Driven by a desire to restore the brand's former glory, TCG is making significant strides in strengthening the consumer-facing side of the business.

GSMPL, a producer of polyester chips, yarn (POY, FDY, and others), griege, and finished fabric, stands as the backbone of this revival. Through forward integration in the PTA chain and a steady supply of high-quality PTA from MPCI, GSMPL is repositioning itself in the polyester business. The FDY plant, a key component of this strategy, symbolizes not just an expansion but a technological revolution in the textile industry.

TCG's Vision Beyond Textiles

Dr. Chatterjee's vision and leadership extend beyond the textile sector. With a diversified portfolio, TCG has made an indelible mark on the global business landscape. The conglomerate's investments of $8 billion globally span sectors such as Petrochemicals, Life Sciences, Information Technology, Real Estate, Fin-tech, and more. TCG's continuous efforts to cultivate knowledge are embodied in the establishment of the Centre for Research and Education in Science and Technology (CREST), a world-leading research institute dedicated to knowledge creation, application, and dissemination across various fields.

 

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Retail India News: Wooden Street Hits Landmark 97th Store with Pune Opening, Aims for 300 Nationwide
Retail India News: Wooden Street Hits Landmark 97th Store with Pune Opening, Aims for 300 Nationwide
 

In a bid to fortify its presence in the Indian furniture market, Wooden Street, a renowned furniture brand, has inaugurated its seventh physical outlet in the sprawling expanse of Creaticity Mall, Pune. Spanning over 5000 sq. ft., this latest addition not only signifies a major milestone in the brand's expansion strategy but also marks its impressive 97th store across the country.

The move underscores Wooden Street's commitment to meeting the escalating demand for premium furniture offerings in Pune while providing an enhanced shopping experience for residents. With an extensive array of furniture options ranging from sofas and dining sets to beds and wardrobes, coupled with exquisite home decor items, the new store aims to cater to diverse customer preferences.

Lokendra Ranawat, CEO of Wooden Street, expressed enthusiasm about the brand's latest venture, stating, "Wooden Street is poised for expansive growth, and we're delighted to unveil another brick-and-mortar store in Pune. This vibrant city, known for its cultural richness and rapid urbanization, presents a ripe opportunity for us to connect with discerning customers who appreciate both style and craftsmanship."

Wooden Street has set ambitious targets for its expansion, with plans to open 300 stores nationwide within the next 36 months. Additionally, the company intends to introduce an array of exclusive products at the Pune outlet, including designer and space-saving furniture lines, along with a unique collection of home furnishings under the banner of Earthy Threads.

The new store not only serves as a platform for customers to interact with Wooden Street's offerings but also serves as a catalyst for job creation within the local community. This strategic expansion not only enhances customer accessibility but also underscores Wooden Street's commitment to fostering economic growth at the grassroots level.

 

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