Brands Companies Finance Food & Beverage. News

Emami Acquires 26% Stake In Axiom Ayurveda, Enters Fruit Juice segment

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 […]

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Companies Finance News

JSW Infrastructure IPO Fully Subscribed On Day 2

Shares of JSW Infrastructure that were up as part of its initial public offering are being fully subscribed on Day 2. Data shows the Sajjan Jindal-owned company’s public issue has so far been subscribed 2.13 times. Twenty-four companies have so far listed on Indian exchanges in 2023 and most of them have delivered firm returns […]

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Beauty Brands Companies Finance News

Beauty & Personal Care Brand Pilgrim Raises $20 Mn In Series B Funding

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 […]

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Spinneys Dubai Considering IPO In 2024

Spinneys Dubai LLC, the franchisee of the supermarket chain in the United Arab Emirates and Oman, is considering an initial public offering (IPO) of the business in the second quarter of 2024, the news agency Reuters reported. Albwardy Investment, the 100 per cent owner of the franchise, has purportedly engaged Rothschild & Co to provide […]

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Brands Companies Finance News Retail

Reliance Retail Receives Full Subscription Amount of Rs 2,069.50 Cr From KKR

Reliance Retail (RRVL), the retail arm of Reliance Industries, has successfully received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following this share allotment, KKR’s shareholding in RRVL has increased to 1.42 per cent, up from the previous 1.17 per cent. In […]

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FNP May Go Public By 2025, Amid Rapid Expansion

Ferns N Petals (FNP), the leading gifting brand in India, is considering the possibility of going public with an Initial Public Offering (IPO) by 2025, while also evaluating the prospect of securing additional funding in 2024, Vikaas Gutgutia, Founder & MD of the company told BW Retail World. “We are expanding,” said Gutgutia, “We probably […]

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Beauty Brands Companies Finance News Retail

Derma Co. Achieves ₹350 Cr+ ARR, Outpaces Mamaearth In Honasa Consumer Brands

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 […]

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Brands Companies Fashion & Lifestyle Finance News Retail

Sai Silks Kalamandir Raises Rs 360 Cr From Anchor Investors Ahead of IPO

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 […]

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Brands Companies Finance News

Blue Star Launches QIP Offer To Raise Rs 1,000 Cr For Expansion

Leading cooling products manufacturer, Blue Star, has initiated its Qualified Institutions Placement (QIP) offer with a floor price set at Rs 784.55 per equity share, aiming to raise Rs 1,000 crore to support its expansion strategies. The Executive Management Committee at its meeting on Monday to approve the opening of the offering, scheduled for 18 […]

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