The Derma Co., an active ingredients backed skincare brand launched in 2020, under the house of Honasa Consumer, crossed Rs. 30 crore monthly revenue (which sums up to 350 crore+ ARR) in just 41 months of its inception, outpacing Mamaearth, the flagship brand from Honasa. With products tested by dermatologists, The Derma Co. is a […]
Recode Studios, a retail brand opened its 10th store in Ludhiana. This expansion represents an initial investment of Rs 1.5 million. The newly unveiled Ludhiana store spans an impressive 230 sq ft, slightly surpassing the brand’s average store size of approximately 200 sq ft. Recode Studios aims to open an additional 10 stores within this […]
Ethnic clothing retailer Sai Silks (Kalamandir) announced on Monday that it has raised more than Rs 360 crore from anchor investors, days before the start of its Initial Public Offering (IPO). According to a circular posted on the BSE website, the company has allocated 1.63 crore equity shares to 26 funds at Rs 222 a […]
To give Delhi’s signature markets global exposure, a virtual market called ‘Delhi Bazaar’ is being created. The virtual marketplace will bring together all the popular stores in Delhi on a single platform. The government will promote the ‘Delhi Bazaar’ portal, allowing anyone from anywhere in the world to visit, virtually explore Delhi’s markets, and purchase […]
Super Saravana Stores, a retail chain is all set to enter the ecommerce world with the launch of its new shopping application, Superssmart; on 18 September 2023. According to the company, the app is designed to offer shoppers the ‘ultimate online shopping experience’ and will be available for download on the App Store and Google […]
In India only 7-9 per cent of retailers use any kind of software to manage their business operations, Varun Tangri, Founder & CEO, QueueBuster, said, highlighting a significant gap in digitalisation within the country’s retail landscape. According to Tangri, the primary reason for this digital divide is the requirement for traditional methods involving desktops, laptops, […]
Tim Hortons, the well-known Canadian coffee chain, opened its outlet in Bengaluru, India. “Recognising Karnataka as the coffee capital of India, contributing over 70 per cent of the nation’s coffee production,” the brand said in a media release. This expansion will include openings at Terminal 2 of Kempegowda International Airport and in the Koramangala neighborhood. […]
Coffee Day Enterprises (CDEL) reported robust financial results for the fiscal year ending 31 March 2023. The company’s net revenues surged by 59 per cent to Rs 924 crore, compared to Rs 582 crore in the previous fiscal year. Its consolidated coffee business contributed significantly, accounting for 94 per cent of the net revenues, followed […]
India’s vegetable oil imports have increased by 33 per cent year-on-year (YoY) to reach 18.66 lakh tonne in August. This is attributed to lower duties and a revival of demand after a decline in domestic rates, as reported by the Solvent Extractors’ Association (SEA). India is the world’s leading vegetable oil buyer, and its imports […]
Preliminary data from state-owned firms reveals that diesel sales in India have declined for the second consecutive month in September. The drop in demand is attributed to rains that have dampened industrial activity and reduced the need for diesel in certain regions of the country. While diesel sales by three state-owned fuel retailers saw a […]
