The omnichannel meat retailer, Licious, witnessed a notable reduction in its losses for the financial year concluding on 31 March 2023, marking a decrease of approximately 38 per cent to Rs 528.6 crore compared to Rs 855.7 crore the previous year. Concurrently, the company experienced a growth in revenues by 9.5 per cent, reaching Rs […]
Nike, the world’s leading sportswear manufacturer, has exceeded Wall Street expectations for its first-quarter profit, primarily driven by higher pricing for its sneakers and apparel. The company reported a profit of USD 1.45 billion, equivalent to 94 cents per share, surpassing analysts’ estimates of 75 cents per share. However, its total revenue for the quarter, […]
The personal care and healthcare major, Emami has acquired a 26 per cent equity stake in Axiom Ayurveda. Emami dives into the juice segment under Axiom Ayurveda’s brand AloFruit, according to the media release. However, the company didn’t reveal the amount of the investment. Harsha V Agarwal, Vice Chairman & MD, Emami said, “We are […]
Adding a stride to ‘Make in India’ initiative, major electronic manufacture HP on Thursday announced a partnership with Google to manufacture its Chromebooks in India. The devices will be manufactured at the Flex Facility, which is located near Chennai, where HP has been producing a range of laptops and desktops since August 2020. The company […]
Chai Sutta Bar, the tea chain announced the grand opening of four new outlets in Bengaluru. The brand is gaining popularity in South India for its blend of tea and the warm inviting atmosphere it provides to its patrons. With the opening of these four new outlets in Bengaluru, the brand sets its sights on […]
Myntra, the fashion, beauty and lifestyle ecommerce platform has introduced a conversational AI-powered chatbot, Maya, to make customers’ shopping experience more seamless and customised, while helping them expedite their decision-making. With its elevated capability, Myntra’s virtual fashion influencer, Maya, transcends serving fashion inspiration on social media, to now also extending AI-backed shopping assistance on the […]
Winni, the online gifting platform, has launched its premium range of chocolates to fulfill the massive demand it has experienced in the last 5 years in tier-2 & tier-3 cities. The company has sold Rs 75 crore worth of chocolates in the last 5 years which the sale from tier 2, and tier 3 has […]
Rebel Foods, the internet restaurant company on Tuesday announced a significant move to redefine the food experience for Indian consumers with the launch of Wendy’s all-new Flavour Fresh range of burgers, wraps, loaded fries & nachos. With the introduction of ‘Flavour Fresh,’ the brand is venturing into the gourmet range of burgers to provide customers […]
Pilgrim, a beauty and personal care brand has raised USD 20 million in Series B funding led by Vertex Ventures Southeast Asia and India along with existing investors Fireside Ventures & Narotam Sekhsaria Family Office. Currently, at Rs 300 crore ARR, the brand is committed to scaling to Rs 1000CR ARR by 2025. Commenting on […]
Shein is taking steps to expedite shipping times for its customers in the United States by sending more low-priced apparel and home goods to its U.S. warehouses from China. This strategic move, revealed through data from the global trade analysis firm ImportGenius and exclusively shared with Reuters, aims to reduce the wait times that many […]
