case study on nykaa ipo

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Nykaa IPO is a book built issue of Rs 5,351.92 crores. The issue comprises of fresh issue of Rs 630.00 crore and offer for sale of 4.2 crore shares.

Nykaa IPO bidding started from October 28, 2021 and ended on November 1, 2021. The allotment for Nykaa IPO was finalized on Monday, November 8, 2021. The shares got listed on BSE, NSE on November 10, 2021.

Nykaa IPO price band is set at ₹1085 to ₹1125 per share. The minimum lot size for an application is 12 Shares. The minimum amount of investment required by retail investors is ₹13,500.

The issue includes a reservation of up to 250,000 shares for employees offered at a discount of Rs 100 to the issue price.

Bofa Securities India Limited , Citigroup Global Markets India Private Limited , ICICI Securities Limited , Jm Financial Limited , Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Pvt Ltd are the book running lead managers of the Nykaa IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Nykaa IPO RHP for detailed information.

Nykaa IPO Details

Nykaa IPO Reservation

Nykaa IPO offers 26,485,479 shares. 14,352,511 (54.19%) to QIB, 7,129,781 (26.92%) to NII, 4,753,187 (17.95%) to RII, 250,000 (0.94%) to employees. 396,098 RIIs will receive minimum 12 shares and (sNII) and (bNII) will receive minimum 180 shares. (in case of oversubscription)

Nykaa IPO Timeline (Tentative Schedule)

Nykaa IPO opens on October 28, 2021, and closes on November 1, 2021.

Nykaa IPO Lot Size

Investors can bid for a minimum of 12 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Nykaa IPO Promoter Holding

Falguni Nayar, Sanjay Nayar, Falguni Nayar Family Trust And Sanjay Nayar Family Trust are the company promoters.

About FSN E-Commerce Ventures Limited

Incorporated in 2012, Nykaa is a consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including their own brand products manufactured by them. The company operates under 2 major verticals:

• Nykaa : Beauty and personal care
• Nykaa Fashion : Apparel and accessories

Under the Beauty and Personal Care Offering, the company has 197,195 SKUs from 2,476 brands primarily across make-up, skincare, haircare, bath and body, fragrance, grooming appliances, personal care, and health and wellness categories as of March 31, 2021. For beauty and personal care offerings, Nykaa's business is mainly inventory-led. The company manufactures its owned brand beauty and personal care products through third-party manufacturers and are sold under their brand name such as "Nykaa Cosmetics", "Nykaa Naturals" and "Kay Beauty".

Apparel and accessories verticals consist of 1,350 brands and over 1.8 million SKUs with fashion products across four consumer divisions: women, men, kids, and home. Nykaa Fashion also has six owned brands.

The company provides an omnichannel shopping experience to its customers by providing both online and offline shopping channels. Online channels include mobile apps, websites, and mobile sites while offline channel consists of 73 physical stores spread across 38 cities in India.

Competitive Strengths :

• One of India's leading specialty beauty and personal care companies.
• Major brands offering their products on Nykaa's platform for sale
• Capital efficient business with strong growth and profitability
• Company's advanced technology platform
• Founder-led company with an experienced management team

Company Financials

Objects of the Issue (Nykaa IPO Objectives)

• Investment of ₹ 420 million in certain of their subsidiaries, namely, FSN Brands and / or Nykaa Fashion for funding the set-up of new retail stores;
• ₹ 420 million towards capital expenditure to be incurred by the company and investment in certain of their subsidiaries, namely, Nykaa E-Retail, Nykaa Fashion and FSN Brands for funding the set-up of new warehouses;
• ₹ 1,560 million towards repayment or prepayment, of outstanding borrowings availed by the company and one of their subsidiaries, namely, Nykaa E-Retail;
• Expenditure of ₹ 2,340 million to acquire and retain customers by enhancing the visibility and awareness of the brands; and
• General corporate purposes.

Nykaa IPO Review (May apply)

[Dilip Davda]   Well, this IPO created hype ever since it filed its DRHP and was eagerly awaited. Post Zomato episode, this IPO too created a fancy among primary market investors. However, based on its financial parameters, the issue is exorbitantly priced and hence risk seekers/cash surplus investors may consider investment for a long term reward. Others may avoid. Read detail review...

Nykaa IPO Subscription Status (Bidding Detail)

The Nykaa IPO is subscribed 81.78 times on November 1, 2021 5:00:00 PM. The public issue subscribed 12.24 times in the retail category, 91.18 times in the QIB category, and 112.02 times in the NII category. Check Day by Day Subscription Details (Live Status)

Nykaa IPO Prospectus

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FSN E-Commerce Ventures Limited Contact Details

FSN E-Commerce Ventures Limited 104, Vasan Udyog Bhavan, Sun Mill Compound, Tulsi Pipe Road, Lower Parel, Mumbai 400 013, Maharashtra Phone : + (91) 22 6614 9616 Email : [email protected] Website : https://www.nykaa.com/

Nykaa IPO Registrar

Link Intime India Private Ltd Phone : +91-22-4918 6270 Email : [email protected] Website : https://linkintime.co.in/initial_offer/public-issues.html

Nykaa IPO - Buy or Not

Nykaa IPO Recommendation Summary

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Nykaa IPO Lead Manager(s)

• Bofa Securities India Limited ( Past IPO Performance )
• Citigroup Global Markets India Private Limited ( Past IPO Performance )
• ICICI Securities Limited ( Past IPO Performance )
• Jm Financial Limited ( Past IPO Performance )
• Kotak Mahindra Capital Company Limited ( Past IPO Performance )
• Morgan Stanley India Company Pvt Ltd ( Past IPO Performance )

Lead Manager Reports

• IPO Lead Manager Performance Summary
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What is Nykaa IPO?

Nykaa IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹5,351.92 Crores. The issue is priced at ₹1085 to ₹1125 per share. The minimum order quantity is 12 Shares.

The IPO opens on October 28, 2021 , and closes on November 1, 2021 .

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Nykaa IPO through Zerodha?

Zerodha customers can apply online in Nykaa IPO using UPI as a payment gateway. Zerodha customers can apply in Nykaa IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Nykaa IPO through Zerodha

• Visit the Zerodha website and login to Console.
• Go to Portfolio and click the IPOs link.
• Go to the 'Nykaa IPO' row and click the 'Bid' button.
• Enter your UPI ID, Quantity, and Price.
• ‘Submit’ IPO application form.
• Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

When Nykaa IPO will open?

The Nykaa IPO opens on October 28, 2021 and closes on November 1, 2021.

What is the lot size of Nykaa IPO?

How to apply for nykaa ipo.

You can apply in Nykaa IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha , Upstox , 5Paisa , Nuvama , ICICI Bank , HDFC Bank and SBI Bank .

When is Nykaa IPO allotment?

The finalization of Basis of Allotment for Nykaa IPO will be done on Monday, November 8, 2021, and the allotted shares will be credited to your demat account by Tuesday, November 9, 2021. Check the Nykaa IPO allotment status .

When is Nykaa IPO listing date?

Nykaa IPO Message Board

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MPW: How Falguni Nayar Led Nykaa to a Successful IPO 

On november 10, small-time retail investor Natasha Aggarwal opened a bottle of bubbly at around 11 am. Though a bit early in the day, the occasion called for a celebration. Nykaa, the advertising professional’s go-to e-commerce site for all beauty needs, had made a blockbuster debut on the stock exchange. The stock soared 89 per cent to Rs 2,129. Aggarwal, who had been allotted “a decent number of shares” at the IPO price of Rs 1,125, was celebrating her monetary gains.

She raised a toast to Falguni Nayar, the 58-year-old Founder and CEO of Nykaa, who made it possible for many like her to reap the benefits as both a customer and an investor in the company. As Nykaa’s valuation soared to nearly $13 billion, Nayar became India’s wealthiest self-made woman entrepreneur with a net worth of nearly $7.4 billion. “She is an inspiration,” cheered Aggarwal. But it took some chutzpah.

Nayar turned entrepreneur in 2012, when she was touching 50—roughly double the age of the average entrepreneur today who has little to lose. Nayar, on the other hand, had just resigned as MD of Kotak Mahindra Capital, her last post in an 18-year investment banking career at Kotak Mahindra Bank.

But she had done her research and went about her new venture post haste. “I left Kotak on March 31 and on April 1, I was in the process of incorporating the company,” says Nayar. “A lot of people said that since I had quit work after so long, I should take a break. But I just wanted to go ahead.” A month later, she and three employees started working out of her father’s old office in Mumbai’s Lower Parel. Nykaa’s website went live that October and became fully operational the following January.

Nayar had seen an opportunity in India’s fragmented beauty and cosmetics retail market that was dominated by mom-and-pop stores. “I had been thinking about it and what appealed to me was being a multi-brand retailer in beauty and also using digital and technology,” says Nayar. There was also a clear focus on how to do business. “At that time, the debate used to be on the art of retailing and own brands. But most importantly, the decision to not do discounting of products unless incentives came from the brands; that is different,” says her husband Sanjay Nayar.

Nayar had picked a winning sector, with plenty of room to grow. India’s beauty and personal care market is worth $16 billion, but still about a fifth of China’s, according to research firm RedSeer Consulting. The aspirational spending on beauty products has shot up, it says, due to lifestyle changes, the influence of social media and rising disposable income that is aided by increasing female workforce participation. Moreover, the online beauty and personal care market was a mere 8 per cent in 2020 (though higher than the 2 per cent in 2016). The potential meant that other online beauty retailers such as NewU, MyGlamm and Purplle have cropped up in the past few years. But Nayar is no stranger to standing out.

The Indian Institute of Management, Ahmedabad (IIMA), alumnus was one of just nine women in a batch of 150 that included her future husband. Sanjay went on to work for Citigroup in London and New York, and as its CEO for India and South Asia before joining PE group KKR in Mumbai in 2009. Nayar helped set up Kotak’s overseas subsidiaries in London and New York as she moved with her husband. All the while also raising twins, Adwaita and Anchit, who are now 31 and hold senior positions at Nykaa. Nayar calls Nykaa her third baby and, indeed, the family still owns 52 per cent of the company.

The family savings funded Nykaa until they turned to investors in 2014 for funds to improve the customer experience. “In beauty, there are a lot of counterfeit products, so I knew that the beauty sector needed to be inventory-led. But for that, we needed domestic capital,” says Nayar. The early investors were high net worth families from India, which restricts foreign investment in multibrand retail companies.

One of the earliest investors was Rishabh Mariwala of Sharrp Ventures. “Most important to our decision [to invest in 2015] was Falguni herself. She had stepped aside from a very successful corporate career to pursue an entrepreneurial dream. She had extremely high stakes in making it a success. Her determination was evident, which is what we decided to back, followed by a stellar team which did not come with the baggage of the personal care industry, and were fresh and unbiased in their thinking and approach,” says Mariwala, who owned 1.19 per cent of pre-offer paid-up equity in the business.

Other investors in Nykaa include actors Katrina Kaif and Alia Bhatt who have, reportedly, invested Rs 2.04 crore and Rs 4.95 crore, respectively. Kaif, in fact, went on to partner with Nykaa to launch her cosmetics brand, Kay Beauty, in 2019. "We had seen how celebrity brands did very well in the West, and were looking for a celebrity brand," says Nayar. And Kaif's passion impressed her. "She wasn't just giving her name to the product. She was also sharing her sensibilities and her point of view with us and, with that, we could build a brand and offer something different.”

Indeed, with Nykaa, Nayar has created a brand that resonates with the young women of India, says Alpana Parida, Nayar’s classmate at IIMA and FounderCEO of designer helmets maker Tiivra Ventures. “If there is one brand that is the voice of the younger women of India, it is Nykaa,” says Parida.

She has a starring role in Nykaa’s history. It was she who selected the name Nykaa, which means heroine in Sanskrit. “The best names are the ones that need one explanation and then they stay with you forever. You will never confuse it with anything else. Those are the names that create a hook in consumer hearts and minds,” smiles Parida. But she is quick to point out that Nykaa’s growth was not down to the name. “It’s not just Falguni and the talent she has built around her, it is just the mindset of the company: ‘how do we consistently improve?’ Growth is a way of life for Nykaa.”

And grow it did.

Besides the website and the app, Nykaa now has 84 stores in more than 40 cities, with plans for 100 stores in the next few months and 300 in the next few years. “Physical stores are an important part of our strategy. We believe in omnichannel. Even if customers are buying online, once in a while they want to go to the store,” says Nayar. That is especially important, considering the booming demand, particularly in non-metro cities. “Around 60 per cent of our demand comes from Tier II and III cities, 40 per cent from Tier I cities. Tier II and III cities are growing faster than Tier I cities,” she adds.

Plus, Nykaa has used technology to integrate its online and offline presence, says Anchit Nayar, Nayar’s son and CEO of the beauty e-commerce vertical. “So if you buy on our app, we can also target you and let you know that there are special offers or certain products that are available in a nearby store. And the other way around. If you’re shopping in our stores, we are able to add you to our online database and ask you to replenish online, if that’s more convenient. So the two can co-exist in a very synergistic way.” There are more tech-focussed innovations to come, such as personalisation, he adds.

Nykaa is also present in Mauritius, Dubai and London, and plans to expand to other countries in the Middle East and Europe. “Dubai is our starting point for the Middle East, and London is our starting point to Europe. We have plans to take Nykaa’s in-house brands to other countries,” says Nayar. The platform, which is focussed primarily on women, also set up Nykaa Man in 2018 to cater to the personal care and grooming needs of men.

Nykaa made its first acquisition in the direct-to-consumer (D2C) segment this September when it bought a 51 per cent stake in Dot & Key for an undisclosed amount. There will be more deals, says Anchit. “But there is no real plan in terms of the number of acquisitions or the total dollar value that we want to put into inorganic growth. If something is a good strategic fit, I think you could see some potential for inorganic growth as well.”

In 2018, Nayar entered fashion retail with Nykaa Fashion, a multi-brand platform with nearly 1,500 brands. But unlike its beauty business, which is inventory-led, Nykaa Fashion is a marketplace model. “The fashion market is massive. It is five times the beauty market. So there is space for everyone,” she says. During her research, she realised a lot of companies had shut shop, but there was scope for a differentiated product. “We have a curated marketplace that does a lot of collections on behalf of the customers. The customer discovery and experience is better than trying to find things in an overcrowded marketplace.” The differentiated experience worked and Nykaa Fashion has grown rapidly over the last two years. Its gross merchandise value (GMV) surged 353 per cent to Rs 821.8 crore in the first half of FY22, from Rs 181.5 crore in the year-ago period, while the average order value rose 44 per cent to Rs 3,216.

While Nykaa’s continued success made the IPO an easy decision, Anchit says that was always the plan. “She [Falguni] is an ex-capital markets banker and has taken several companies public. She saw the value that the public markets bring to a company in terms of corporate governance, as well as long-term sustainability for the business, and importantly, the shareholders.”

While the listing was a roaring success, not all equity analysts, however, are satisfied. Despite Nykaa’s asset-light business model, the valuation is unjustifiable, says Kranthi Bathini, an equity strategist at WealthMills Securities. “As of date, it is extremely good and commendable. But the question is how Falguni Nayar is going to justify the valuation in the days to come.”

Jigar Shah, CEO, Kim Eng Securities India, concurs. “After two-three years, people will want to see profits. You cannot permanently have a high P/E [price-toearnings] ratio. There will have to be reasonable profits to justify the market valuation.”

“We are not justifying any valuation,” counters Nayar, who refers to Uday Kotak, Founder-CEO of Kotak Mahindra Bank, as her mentor. “In our industry, we are currently valuing multiples to sales rather than earnings. The valuation is based on forward numbers rather than historical numbers. For e-commerce players, the sky’s the limit. In our industry, there is no plant and machinery; all investment is in acquiring customers. Our performance is reflected in the active number of customers we have. Nykaa is doing very well on those counts.”

However, in its first financial report as a listed company, FSN E-Commerce Ventures (the parent company of Nykaa) said its net profit plunged 95 per cent to Rs 1.2 crore in the July-September quarter, from Rs 27 crore a year ago. However, Nayar isn’t very concerned. “The last quarter number is difficult to read as it was the off season. There was a shraadh period [in the Hindu calendar when auspicious activities, including shopping, are avoided]. Sales pick up only during the festive season. E-commerce makes big sales in November all over the world,” she says.

And as Nykaa grows, Sanjay has a few words of advice. “It’s very critical to have a sustainable growth profile built around an empowered team culture, solid governance and a focus on sustainability. That’s been the Nykaa culture and the idea is to embed it even deeper.”

A culture that, Anchit says, also flows outwards. “There needs to be respect for capital and to deliver a return on equity. There is respect for shareholders and investors.”

In that case, Nykaa’s customer-investors like Natasha Aggarwal will get many more opportunities to pop some champagne.

@dilasha, @smitabw

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Nykaa: Fashion, Diversification, and Going Public—A Case Study

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A Brief Overview of Nykaa

Founded in 2012 by Falguni Nayar, Nykaa is a leading online destination for beauty and wellness. With over 2500+ brands and 5 lakh+ products, this e-commerce platform bridges the gap between customers and sellers of beauty products.

Derived from a Sanskrit word, Nykaa refers to “someone in the spotlight.” The success story of this prominent e-commerce destination is inspiring and noteworthy. Nykaa has seen an upward graph since the very beginning, making it one of the successful players in the online beauty space. 

The company commenced its journey as an e-commerce store where buyers could easily purchase beauty and haircare products from several renowned brands with a few clicks. But over time, the portal has expanded to sell beauty, fashion, and wellness products across the website and mobile app. Nykaa also runs over 76 outlets to facilitate the buyers who still prefer offline shopping. 

Rough Timeline of Nykaa’s Success and Milestones

The inventory-led business model of Nykaa helped the company become profitable and successful. While offering plenty of products, the e-commerce portal also believes in authenticity and follows competitive pricing to handle customers of all tastes and preferences. 

Here’s the timeline of Nykaa’s biggest, notable milestones.

• 2012: The company was founded.
• 2013: The portal began functioning commercially.
• 2015: Shifted from online-only to an omnichannel business model.
• 2020: It became the first unicorn startup headed by a woman.
• 2020: It ventured into the world of fashion by launching Nykaa Design Studio, which was later renamed Nykaa Fashion, and also launched a men’s grooming segment named NykaaMan, India’s first multi-brand store exclusively focused on men’s grooming.
• 2020: It also went ahead to launch Nykaa PRO, a premium membership program that allows members to enjoy exclusive deals and access professional beauty products through the brand’s app.
• December 2020: The first brick-and-mortar Nykaa store was launched in Delhi.
• October 2021: Nykaa opened its IPO (Initial Public Offering). This was the first-ever IPO by an online beauty retailer in India.

How Does Nykaa Differentiate Itself from the Competition?

Being a frontrunner comes with its fair share of difficulties, where one has to keep thinking outside the box constantly. Nykaa has differentiated itself from its competitors by following a well-planned and diverse business model.

The brand has created a mutual relationship of benefit with its buyers and suppliers. The brand keeps itself in the limelight by offering a huge variety of luxury products and exclusive brands, like Katrina Kaif’s Kay Beauty, and designer brands like Dior, Charlotte Tilbury, Estee Lauder, and many more, that are not available anywhere else. A partnership with these premium brands ensures that the brand continues to attract and retain its customers. Thus, the brand benefits from the increased demand for these exclusive products, and the customers also find a variety of luxury products in one place.

Apart from this, the brand functions as a multi-brand retailer that sells cosmetic, fashion, and wellness products. The brand integrates vertically, albeit within the limits of the beauty and wellness space, onboarding new and exclusive brands regularly. This renders it unique from other online retailers that integrate vertically to include all categories of products. Thus, Nykaa remains diversely unique from its competitors and enjoys a vast customer base that patronizes and loves the brand at all stages. 

Nykaa’s Business Model

Nykaa follows the inventory-based business model to make high-profit margins. This D2C ecommerce brand buys products directly from the manufacturers and stores them in designated warehouses located in Mumbai, Delhi, and Bengaluru. These products are then sold either on Nykaa’s official website or through its 3 store formats, namely, Nykaa Kiosks, Nykaa On Trend, and Nyka Luxe. 

Nykaa’s Revenue Model

The leading e-commerce portal, Nykaa has reported a surge of 38.10% in its revenue from what it was in the last year. The total revenue of Nykaa in FY21 is calculated as US $324.77 million (approximately Rs 2,440.89 crores). This leading beauty portal has several ways through which it earns revenue. Some of them are mentioned here. 

Banner Advertisements: These advertisements draw lots of traffic to the company’s website, leading to conversions and sales. 

Sale of Products : The e-commerce platform sells its own products to earn high profits. Moreover, Nykaa is in partnership with 2000+ brands and earns revenue by selling their products. 

While these are the primary source of earning revenue, the brand also makes huge profits from discount income, commissions, and other miscellaneous sources. 

Nykaa’s Growth

The thing that makes Nykaa stand out from the crowd is its ever-increasing success graph. This e-commerce portal has never faced a downward trend, thanks to its product authenticity, excellent customer service, and competitive pricing. 

At present, Nykaa boasts over 5 million monthly active users, a milestone for any e-commerce portal. Let’s find out some of the brand’s major highlights that make it different from others. 

• It works on an omnichannel business model and has 70+ stores across the country. 
• The portal is partnered with more than 500 brands. 
• It has over 15 million registered users. 

In addition to the points mentioned above, Nykaa has recovered from the post-pandemic effects by more than 90% from what it was during the pandemic towards the end of 2020. The beauty and wellness space has seen a significant shift of buyers towards the essentials, including personal skin and hair care items. 

This changing customers’ behavior has helped the brand beef up faster than expected from the pandemic’s ill effects. What adds more spark to the portal is its omnichannel retail model. It entertains both conventional and tech-savvy consumers. Hence, it earns a good revenue as compared to its competitors. 

Nykaa IPO Details—Why, When, How, & Way Ahead

Nykaa has recently entered the public sector by commencing its Initial Public Offerings, making it a buzzword in all media outlets. You may ask: Why has the company decided to go public? Nykaa is barely ten years old, and its decision to go public has baffled everyone. Here are the insights into the Nykaa IPO details to resolve this pertinent question.

Nykaa is one of the leading profitable startups in the market. CEO Falguni Nayar announced that the portal has witnessed a surge in its profit margins and sales and launched its Initial Public Offerings. The Nykaa IPO details were made public for subscription on 28 October 2021 and remained open till the 1st of November 2021. The brand had fixed a per-share price between the range of Rs 1,085-1,125. Nykaa had also sought a valuation of US $7.4 billion (Rs 52,574 crore) for its upcoming IPO round. The brand has turned into a public company limited by shares on July 16, 2021, and filed its DRHP (Draft Red Herring Prospectus) in August 2021. 

Nykaa’s parent FSN E-Commerce has clocked a record surge of its share values on 10 November 2021, resulting in 96% returns on the investments of the brand’s investors. The issue price of FSN E-Commerce’s shares was Rs 1,125, which opened at a listing price of Rs 2,018 apiece. The stock closed at Rs 2,206 per share on the BSE, around twice the initial offer value, pocketing a profit of 96.26%.

The brand made a dream debut in its IPO, where the market cap of Nykaa surpassed Rs 1 lakh crore. The company has evaluated that its shares are 81.78 times oversubscribed at the end of the IPO round on 1 November 2021. While the net worth of Falguni Nayar rose to US $6.5 billion (Rs 56,600 crore) after the record listing of the brand, the valuation of Nykaa surged around $13 billion (Rs 9,66,30 crore) in its Indian market debut. 

On November 15, 2021, FSN E-Commerce reported a sharp decline in its profit margins which, in turn, resulted in a fall in the share price. The decrease in the brand’s profits is traced to the rise of its marketing cost in the quarter before its IPO. The net income of the brand was recorded at Rs 1.2 crore in the quarter that ended in September. The company’s shares also decreased by 5.2% on November 16, facing a decline of close to 7.3% at an earlier trade. It is also noted that a 92% increase in the expenses helped Nykaa witness a 47% increase in its revenues.

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Nykaa IPO: How Falguni Nayar proved it's never too late to start up

From leading ipos as an investment banker to launching one herself at 59, nykaa's falguni nayar has broken all templates. we look at how she became one of india's most successful entrepreneurs.

Falguni Nayar

Beauty gets a new name , http://t.co/oQRZIKDb goes live tomorrow. — falguni nayar (@falguninayar) October 29, 2012

• Nykaa IPO is a 'super exception' in the startup scene
• Women starting up late are 'written off'
• Starting up requires a lot of 'cheerleading'
• Could not apply to YCombinator for the longest time
• Ecosystem not built for women or mothers

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Nykaa files DRHP with Sebi, to raise Rs 525 crore via fresh equity

Post-IPO, promoter family of Nykaa to continue holding 51% stake

Nykaa IPO: Should investors partially book profits or hold on for now

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Nykaa CEO Falguni Nayar is India's richest self-made woman promoter

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First Published: Nov 12 2021 | 8:30 AM IST

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Entrepreneur at 49, billionaire at 58: How Falguni Nayar built success with Nykaa

Investment banker Falguni Nayar launched beauty and fashion ecommerce platform Nykaa from her father's office when she was 49. Almost a decade later, after her IPO was oversubscribed nearly 82.5 times, India's richest self-made woman billionaire says she is only getting started

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Naini is a writer at Forbes India, who likes to dabble in storytelling across all forms of media. She writes on various topics ranging from innovation and startups to cryptocurrency and agriculture—anything and everything that makes for an interesting story. Before her stint at Forbes India, she worked for close to a year at Outlook Business. With five years of work experience, she co-produces Forbes India’s video series “From The Field” and hosts the podcast “Teenpreneurs”. She also emcees at events and moderates panel discussions from time-to-time. Naini is a part of Forbes India’s digital team, also handles Forbes India’s Instagram account and helps plan events. An avid learner, she has completed her PGDM in Journalism from Xavier Institute of Communication and Bachelor’s of Mass Media from Sophia College for Women in Mumbai. Be it at work or home, you will not find her working without her headphones and work playlist. She loves trekking and travelling, experimenting in the kitchen, watching films and reading.

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Nykaa IPO: Will It Translate the Beauty and Personal Care Market Opportunity into Big Profits?

Introduction

On November 01, 2021, the initial public offering (IPO) of Indian cosmetic e-retailer Nykaa E-Retail Private Limited was subscribed 81.78 times as the offer received bids for 2165.9 million equity shares against the IPO size of 26.4 million equity shares. Nykaa was founded in 2012 by Falguni Nayar with the objective of building a multi-brand Omnichannel beauty-focused retail business in the country. It was the leading specialty beauty and personal care (BPC) retailer that offered a wide collection of beauty, wellness, and fashion products and other luxury products across website, mobile apps, and offline stores. Gradually, it became one of the fastest growing fashion brands in the country and a preferred destination for consumers to shop for luxury and prestige products through digital platforms..

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Case spotlight: Nykaa – Celebrating the Star in You!

Author perspective

Who – the protagonist.

Falguni Nayar , Founder and CEO of beauty and lifestyle company Nykaa .

Nayar took the bold step, aged 50, of leaving her successful investment banking career and following her entrepreneurial dream.

Spotting an opportunity in 2012, Falguni entered the cosmetic e-retailer market segment where a customer base was largely ignored by larger brands, with established e-commerce players such as Amazon offering a wide range of products, but failing to cater to the niche aspirational women section of the beauty market.

Initially investing $2 million of her own money, Nayar listed Nykaa on the Bombay Stock Exchange and National Stock Exchange (India), becoming the second richest businesswomen in the country with a net worth of $7.9 billion.

Nayar had full control over growing Nykaa into a company that offered 130,000 products across its website and through its 80 shops in 40 Indian cities.

But now that Nykaa had become a public entity that was responsible and answerable to thousands of retail shareholders, Nayar might not be able to pay attention to every detail.

It was on 10 November 2021 when Nykaa made Nayar the richest self-made female billionaire of India, with the initial public offering oversubscribing by 81.78 times into a blockbuster IPO.

Nykaa was headquartered in Mumbai, with more than 2,000 employees spread across two sites in New Delhi and Mumbai.

Nykaa first began its operations online but it now also has stores around India.

The beauty space was only beginning to open up, with empowered women claiming their position and fulfilling their aspirations in the society. Nykaa had promised to be their confidante and companion, so there was still a long way to go.

Nayar needed to consider Nykaa’s future leadership transition and prepare her team for the future inevitability of taking on the mantle in her absence, allowing the company to continue to go from strength to strength.

AUTHOR PERSPECTIVE 

Inspiring protagonist

Soumi said: “I have been a long-time customer of Nykaa and their offerings have always intrigued me as this was the first ever online one-stop beauty products destination in India. However, my interest piqued when I read a few articles about the Founder – Falguni Nayar, that described her as a risk taker who took the unconventional path to her entrepreneurial journey. As news started circulating about Nykaa planning to go for an IPO, I felt the company and its founder had finally arrived in the beauty space and anchored themselves as differentiators in the mind of consumers and investors alike.

“Thus, I started tracking the journey of this gutsy lady who took a leap of faith in founding Nykaa at 50 years of age, after leaving a well-established corporate position and enriching career; miles away from what conventional advice would dictate! I wanted to tell her story, that of India’s first self-made billionaire woman and, like her, I want her story to inspire other women in the country and across the world to follow their dreams, despite the advice of naysayers.

“Through this case, I want the readers to understand that there is no right or wrong timing to take an entrepreneurial risk. If you are clear about your dream and you are passionate about what you want to do, then the world is your playground.”

Fact checking

Soumi continued: “Verifying the multiple news articles and cross-checking did consume some time, as so much had already been written about Nykaa in the media in the past few years. It was important to understand and verify those facts, and then weave the story together.”

Lively discussion

She explained: “Most lively discussion in class centres around the potential growth of new age businesses, challenges for entrepreneurs with specific focus on women entrepreneurs in an Indian cultural backdrop and the leadership aspect from vision, strategy to execution and evolution of Nykaa as a formidable challenger in the beauty and personal care segment.

“While this case study pertains to an Indian brand, its journey could help prospective entrepreneurs craft their dreams with a spirit of ‘not giving up’ even in the face of cynics and instil in them the confidence to keep moving against all odds. 

“For prospective managers, this case study highlights the aspects of strategic vision, astute planning and a deep understanding of the business, its young consumers and future.”

Less is more

Soumi concluded: “When a case is being written using secondary sources, there is a lot of data available for consideration. However, when writing a case, one does not want to repeat all that has already been said. Here, it is important for the case writer to discern what exactly the central theme of the case is, or for what course is it being written.

“Also, to write an interesting case and entice the reader, it is important to be an observer of what is happening in the current context. Stories that are in the news and have relevance to ongoing business context find more readers, as they can relate to the context and situations easily. Any historical context may garner a niche audience as a lot of the intended audience (students) may not feel connected to that era.”

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Nykaa: Top Beauty Retail Platform of India

Anik Banerjee , Apoorva Bajj

The demand for beauty goods, especially from teens and young people, is driving the cosmetics industry's extraordinary rise. The industry's fast digitalization has accelerated its growth even more.

Nykaa has become a major force in this thriving market, providing physical and virtual customers with a wide selection of beauty, fashion, and wellness products . In addition to its current standing, Nykaa's deliberate foray into the women's and men's innerwear markets with Nykd and GLOOT signifies its goal to leave a lasting impression in the personal care industry.

Nykaa is positioned for even greater success in the rapidly changing cosmetics industry because of the intersection of consumer trends and digital innovation.

Read the success story of Nykaa, Founders and Team, Nykaa history, Funding and Investors, Marketing Strategy, Business Model, Revenue Model, Growth, Acquisitions, Future Plans, and more.

Nykaa - Company Profile

About Nykaa Nykaa - Industry Nykaa - Founder and Team Nykaa Startup Story | How Did Nykaa Start? Nykaa - Mission And Vision Nykaa - Name, Tagline and Logo Nykaa - Business Model Nykaa - Revenue Model Nykaa - Challenges Faced Nykaa - Funding and Investors Nykaa - Investments Nykaa - Acquisitions Nykaa - IPO Nykaa - Growth Nykaa - Marketing Strategy Nykaa - Advertisements and Social Media Campaigns Nykaa - Awards and Achievements Nykaa - Competitors Nykaa - Future Plans

About Nykaa

Nykaa is a beauty retail company that sells cosmetic commodities and fashion products, including men's innerwear, both online and offline. The company also offers comprehensive content that includes product reviews, beauty how-to videos, expert-written articles, and even an e-beauty magazine.

The Nykaa helpline is designed to help its customers choose products and services that are tailored to their needs. The products that beauty and wellness brands boast of are sourced directly from the manufacturing brands and are therefore authentic, and are also available for delivery!

Nykaa - Industry

Based on an estimate by Statista, the Beauty & Personal Care market in India is expected to generate US $31.51 billion in revenue by 2024, indicating significant growth ahead. With a projected compound annual growth rate (CAGR) of 3.00% from 2024 to 2028, the market exhibits a positive trend.

The Personal Care area is the largest in this dynamic landscape, with an expected market volume of US $14.31 billion in 2024. This data highlights the strong potential and changing dynamics of the Beauty & Personal Care market in India and comes from Statista's extensive study analysis.

Nykaa - Founder and Team

Nykaa was founded by Falguni Nayar (Co-Founder and CEO).

Falguni Nayar

Falguni Nayar, the Co-Founder and CEO of Nykaa , is a very successful women with an excellent background in both education and work. At Sydenham College, she pursued a Bachelor of Commerce (B.Com.) degree with an emphasis on accounting and business/management. After that, she continued her education at the esteemed Indian Institute of Management Ahmedabad, where she graduated with a Master of Business Administration (M.B.A.) and a General Finance concentration.

As a Manager at A F Ferguson & Co., Falguni began her professional career by sharing her knowledge. She held important positions at Kotak Securities as the Head of International Business and, subsequently, as the Director and Head of Institutional Equities Business. Her wealth of skills combined with her spirit of entrepreneurship resulted in the establishment of Nykaa in 2012.

Falguni Nayar is a notable example of someone who has achieved amazing success. She is regarded as the richest self-made woman in India, in 2022 her wealth grew by 345% and ranked fifth among the Top 10 Biggest Gainers List. Her remarkable rise in fortune is a testament to her outstanding business sense and market leadership in the cosmetic and beauty sectors.

Nykaa Growth Story

Nykaa has about 1,001-5,000 employees as per LinkedIn.

Nykaa - Startup Story | How Did Nykaa Start?

Nykaa was established in 2012 by Falguni Nayar in reaction to the disparities she saw in the Indian market for cosmetics. Falguni Nayar found the gaps in product availability across the country, motivated by the huge demand for beauty and cosmetic products in India and inspired by the flourishing marketplaces in nations like France and Japan. These differences served as the impetus for the creation of Nykaa, which aims to fulfill unmet customer needs.

With just three workers, Falguni Nayar started Nykaa with little experience in the retail, beauty, or IT sectors. The business completed about 60 orders in its first few days of operation because it was steadfast in its belief that quality should come before quantity. Falguni Nayar said something that summed up her thinking perfectly: "We’d rather sell the proper shade of lipstick at full price than the wrong shade at half price."

Nykaa was first created as an online platform and then switched to an omnichannel approach. With its headquarters located in Mumbai, Nykaa has gained recognition for offering a wide variety of fashion, intimate apparel, and beauty and cosmetic products. Enhancing women's extraordinary in all facets of their lives is Nykaa's objective, which it pursues through its physical stores, app, and online platform.

Nykaa - Mission And Vision

The mission on the company's website states, "To create a world where our consumers have access to a finely curated, authentic assortment of products and services that delight and elevate the human spirit."

The vision on the company's website states, "Bring inspiration and joy to people, everywhere, every day."

Nykaa - Name, Tagline and Logo

The brand name 'Nykaa' is derived from the word 'nayaka', which means ' one in the spotlight ' in Sanskrit. The Nykaa parent company name is Fsn E-Commerce Ventures Ltd.

Nykaa - Business Model

Nykaa is a D2C consumer products eCommerce brand , that relies on an inventory-based business model. The company purchases its products directly from the manufacturers and keeps them in its designated warehouses located in New Delhi, Mumbai, and Bangalore. These products are sold either on the website of Nykaa or through its 3 offline store formats: Nykaa Luxe, Nykaa On Trend, and Nykaa Kiosks.

The inventory-led model of business of the company helps the company witness high profit margins and has resulted in a profitable business . Besides, the company also ensures the authenticity of products and follows competitive pricing.

Nykaa experienced major growth in 2015, moving from an online-only business model to an omnichannel strategy . This change allowed the business to sell things through physical stores as well as its website and apps . Enhancing consumer reach and engagement has been made possible by the implementation of the omnichannel approach.

Nykaa - Revenue Model

Nykaa earns its revenues through the below-mentioned means.

Sale of products

The brand sells its products and the products of its partnered brands, which is the primary source of revenue for the brand.

Banner advertisements

The banner advertisements of the company also help it bring in a lot of traffic, many of which turn into sales.

Discount income, income from commissions, and miscellaneous income are some other sources of revenue for the brand.

Nykaa - Challenges Faced

Being a relatively young player in the cosmetics industry, Nykaa has faced several difficulties in this fiercely competitive field. Prominent entities like Ajio and Myntra pose intense competition, contributing to the intricacy of Nykaa's market dynamics. It becomes essential to create a unique USP in the fashion industry to successfully navigate this fiercely competitive climate.

Nykaa experienced technical difficulties in its early stages, with its website routinely crashing as order volume increased. Overcoming these difficulties, particularly the early system outages at 100 orders showcased Nykaa's tenacity and dedication to improving its platform for a flawless client experience.

Nykaa has become a dominant force in the Indian beauty e-commerce market, but it is important to recognize that competition is always changing. Rivals like Ajio and Myntra are constantly launching new products, offering tempting promotions, and improving the general consumer experience. Nykaa faces a variety of obstacles as a result of its competitors' constant evolution, necessitating constant innovation and tactical adjustment.

Every rival, including Nykaa, has established a distinct market niche for itself in the cosmetics industry by catering to a range of client demands and preferences. Although this diversity makes Nykaa's problems more complex, it also fosters healthy competition that benefits customers. The competition creates a market with lots of options, affordable prices, and better services, which eventually improves the Indian consumer's entire experience shopping for beauty products.

Nykaa - Funding and Investors

Nykaa has raised a total of $215.4 million in 15 rounds of funding.

Here are the funding details:

Nykaa - Investments

Nykaa has invested in Earth Rhytm on April 22, 2022.

Nykaa - Acquisitions

Nykaa has acquired six companies to date.

Here are the details:

Nykaa - IPO

Nykaa opened its IPO on October 28, 2021, and it was not just an IPO but a real test for an Indian eCommerce player. It attracted 82X subscriptions in 3 days. The bids that Nykaa shares attracted were worth around $32.53 billion.

Nykaa shares are listed at a premium of nearly 80%. On the BSE, the shares of Nykaa were listed at Rs 2,001, at a premium of 77.87% over its issue price of Rs 1,125. On the other hand, the scrip was listed at Rs 2,018 on the NSE at a premium of 79.38%. The Nykaa shares were open for subscription from October 28 to November 1, 2021.

Nykaa - Growth

Some of the growth milestones of Nykaa are:

• It has 1900+ brands with 1.2 lakh+ products as of 2024.
• Nykaa has occupied more than 5 million square feet of warehouse space as of January 2024.
• Nykaa claims to have $21 million users as of November 2023.
• It has a total of 174 store counts as of 2024.
• It has 40 fulfillment centers in 18 cities as of 2022.
• It has 105 stores across India as of 2022.
• It has 23 warehouses across 11 Indian cities.

In FY23, Nykaa had an operating revenue of INR 5,144 crore with expenses of INR 5,136 crore, leading to a small profit of INR 21 crore. In FY24, the company grew, with operating revenue reaching INR 6,386 crore and expenses at INR 6,346 crore, resulting in a profit of INR 40 crore.

Nykaa's total expenses rise from INR 5136 crore in FY23 to INR 6346 crore in FY24.

Nykaa - Marketing Strategy

Nykaa has stood as one of the most competent players in the beauty and fashion space due to its robust marketing strategy, which is carved with digital marketing at its core. The brand not only focuses on marketing in Tier 1 cities but also pitches all the potential customers from Tier 2, 3, and 4 cities.

Social Media Marketing

Nykaa has 4 social media accounts for the marketing of its in-house brand My Nykaa, Nykaa Beauty for the promotion of its e-commerce platform, Nykaa Fashion to promote its e-commerce apparel store, and Nykaa beauty book, which helps the audience with numerous beauty and makeup tips.

The company has its accounts on diverse social media platforms to extensively promote the brand on social media. The brand is also engaged in posting content created by its influencers via its social media handles. Therefore, influencer marketing plays an important part in the promotion of Nykaa.

YouTube Marketing

Nykaa has a full-fledged YouTube marketing strategy . The brand refrains from focusing on selling its products via its YouTube channel but concentrates more on offering consumable content, including beauty, personal care tips, makeup hacks, and much more, to its target audiences.

Furthermore, the brand also runs YouTube ads from time to time to target its customers. Thus, the YouTube marketing of Nykaa is fueled with quality content that keeps the audience engaged and relevant ads.

Content Marketing

Nykaa relies majorly on its content marketing. The D2C beauty and fashion marketplace offers a variety of consumable content to the audience, which helps them convert into its customers.

Nykaa has its blog, “Nykaa Beauty Book,” which the brand uses to publish blogs on beauty, makeup, and personal care. Furthermore, the brand is also engaged in creating video content like makeup tutorials, DIYs, and more.

Event Marketing

Event marketing is another important marketing strategy that Nykaa leverages to pitch the target customers at the right time and place.

Nykaa has successfully sponsored the popular Femina Miss India event, one of the largest beauty events in India on several occasions, and is still tied to the same event.

Besides, Nykaa also sponsors numerous college fests and events like the Red Brick Summit, 2019 IIM Ahmedabad, and the Mumbai college fest, Mood Indigo .

Nykaa - Advertisements and Social Media Campaigns

Nykaa Campaign

Nykaa's campaign, which consists of four powerful films, skillfully evokes strong feelings in viewers. Scripted by creative powerhouse The Script Room and directed by acclaimed ad filmmaker Prasoon Pandey, the campaign opens with " Kya Khoob Lagte Ho ."

This ad skillfully weaves a tapestry of sincere emotions to depict the essence of relationships and daily living. The movies have a deep message: genuine praises have a special ability to soften hearts and for feelings to bloom. The campaign, which has its roots in authenticity, embraces the notion that, especially in the eyes of those closest to oneself, one's true, unguarded self is frequently the most beautiful one.

Nykaa - Awards and Achievements

Nykaa won several awards and achievements. Some of the prominent ones are listed below:

Isidoro Alvarez Lifetime Achievement Medal (Spain, 2023): Falguni Nayar, the creator of Nykaa, was honored with the esteemed Isidoro Alvarez Lifetime Achievement Medal in Spain for her noteworthy contributions to the field.

Falguni Nayar was honored in the FMCG category of the 2023 DNA Women Achievers Awards , which is a testament to her extraordinary accomplishments as the creator of Nykaa Cosmetics.

Asia's Best Integrated Report Category (Bronze Award) at the 2023 Asia Integrated Reporting Awards (AIRA): At the 8th Asia Integrated Reporting Awards (AIRA), Nykaa was recognized for its proficiency in integrated reporting with a bronze award in Asia's Best Integrated Report category.

Nykaa - Competitors

The top Nykaa competitors are:

Nykaa - Future Plans

Nykaa, a prominent participant in the eCommerce industry, is proactively molding its future through the expansion of its multichannel reach , to flawlessly merge customers' online and offline purchasing experiences. As part of its plan for the future, Nykaa is dedicated to improving its physical footprint even with the expenses that come with opening new locations. Nykaa plans to double its store count from 187 to 400 by 2027. The company expects its fashion vertical to grow by 2.5-3X over the next three years.

Nykaa's commitment to fostering stronger client relationships and offering a variety of channels for customers to access its vast array of health, fashion, and beauty items is exemplified by this progressive approach. Setting lofty objectives, a substantial advancement in its brick-and-mortar expansion strategy the company hopes to build a strong future.

Who is the founder of Nykaa?

Falguni Nayar is the founder of Nykaa.

What is Nykaa?

Nykaa is India's biggest lifestyle and fashion portal with a collection of cosmetics, skincare, haircare, fragrances, bath and body, personal care, and wellness products for both women and men.

Who are the competitors of Nykaa?

Some of the prominent competitors of Nykaa are:

Is Nykaa an Indian brand?

Yes, Nykaa is an Indian lifestyle retail brand of beauty, wellness, and fashion products with headquarters in Mumbai, Maharashtra, India.

How to sell on Nykaa?

Selling on Nykaa is easy. You just have to go to www.nykaa.com/sellonnykaa and then you need to go to fill up a form where you need to enter the Name of your company, Company Website, Pincode, Address, Product Categories, Brand Name, and other details, and then you would be ready to sell on Nykaa.

Who is Nykaa CEO?

Falguni Nayar is the Founder and CEO of Nykaa.

Where is the Nykaa headquarters?

Nykaa headquarters is in Mumbai, Maharashtra.

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Nykaa to launch IPO on October 28, seeks valuation of $7.4 billion

Shares in the Nykaa IPO will be issued in a price band of Rs 1,085-1,125 apiece to raise as much as 5,352 crore at a valuation of $7.4 billion. Founder Falguni Nayar will continue to hold a majority stake in FSN E-Commerce Ventures after the IPO.

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FedEx reports drop in quarterly earnings on lower demand for priority services

FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast as demand in the package industry remained muted, especially for priority services.

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Nykaa Case Study: History, Valuation, Product, Services & Growth

Nykaa is a premier online beauty and wellness destination. Nykaa.Com offers a comprehensive selection of makeup, skincare, haircare, fragrances, bath and body, and luxury products for women and men at the best prices. All products are 100% authentic, sourced directly from the brands, or authorized distributors. With more than 350 brands and over 30,000 products to choose from, Nykaa.Com is the one-stop online destination for you to sit back, relax and shop at your convenience with free beauty advice and assistance over the phone, advice from beauty experts, latest beauty trends, product reviews, tutorials, and celebrity looks on the Beauty Book Blog, and fun Virtual Makeover tool.

HISTORY Falguni Nayar, a former managing director at Kotak Mahindra Capital Company, founded Nykaa in 2012. It was launched as an eCommerce portal curating a range of beauty and wellness products. The brand name Nykaa is derived from the Sanskrit word nayaka, meaning ‘one in the spotlight’. In 2015, the company expanded from online-only to an omnichannel model and began selling fashion products.

VALUATION The valuation of the beauty and lifestyle retailer now pegged at $1.2 billion Omnichannel beauty and lifestyle retailer, Nykaa, has raised ₹100 crores from existing investor Steadview Capital, as a primary investment. With this fundraise, Nykaa’s valuation is pegged at around $1.2 billion.

The Mumbai-based start-up has raised Rs 100 crore from private equity firm TPG Growth at a valuation of $724 million, company filings sourced from business intelligence platform Paper showed.

PRODUCT & SERVICES

Nykaa follows an inventory-based model with warehouses in Mumbai, New Delhi and Bangalore. In addition to its primary e-commerce business, it has an offline presence via 68 brick-and-mortar stores across the country. It claims to have over 3 lakh products across 1,500 brands.

It has two offline store formats called Nykaa Luxe and Nykaa On Trend. The Luxe format features Indian and international luxury beauty brands along with Nykaa Beauty, the in-house collection of beauty products. The latter format has products curated by category basis their popularity. In 2015, Nykaa launched its collection of in-house beauty products. In March 2016, it introduced private labeled products in the bath and body care category.

GROWTH Nykaa has quickly become the first and foremost choice when people tend to buy something cosmetic online.

This is because it is a one-stop solution to everything basic e=required by a woman. From feminine hygiene to luxury makeup it has everything.

The key to the right business is the ability of a brand to actually build up trust among its customers. With the introduction of new customers every day it is also important for a business to flourish when its customers come back. This trust by Nykaa has been developed by delivering 100 percent authentic products delivered to the customer on time. In order to achieve this kind of speed and authenticity, Nykaa has adopted an inventory model where they collect all the items at one place in an inventory and process the order according to the products available in the stock. This ensures that all the bulk orders are received at once instead of one item at a time, which is the case with Flipkart or Amazon. This is a fresh approach that served many benefits with it came to earning the trust of its reiterating customers.

As mentioned by me earlier, Nykaa is the Pandora of products ranging from budget-friendly category to high luxury brands. Nykaa has recently started collaborating and introducing Non-Indian brands like HUDA Beauty, Kiko Milano, Wet and Wild, etc which is an achievement in itself. This has made Nykaa the hoarding spot for all the makeup enthusiasts who can now get their hands on the products which were not available in India earlier.

With the amalgamation of all these techniques and business strategies, Nykaa created a huge customer base for itself. This served as an advantage when it introduced its own makeup and skincare line in the market. With the A-Class quality products, it won the hearts of many makeup users who now had the option of a budget-friendly makeup line with the exact quality of some of the renowned luxury brands in the world.

With all these achievements in its cap, Nykaa also promoted the careers of many YouTube beauty gurus thereby portraying their talent and promoting the career path to the fullest.

The discounts available on Nykaa have saved a lot of pence many times. If we compare the retail price to the price at which it is available on the website, It usually has a significant difference, hence increasing its customer base again.

In other words, Nykaa has proven to be one of the best startups. With its poised and slow and steady approach, it is about to become one of the best beauty and wellness giants in the market, in the coming years. It is the epitome of trust, wellness, and care for all its customers.

INTERNATIONAL OPERATIONS Nykaa’s fashion e-commerce store has launched international shipping to 13 countries as the multi-brand business works to expand its distribution network. Nykaa now ships to 13 countries with three shipping-cost tiers, the business announced on January 11 on Facebook. The retailer’s entire multi-brand selection of Indian fashion brands and its own private labels are now available to international customers. This also serves to greatly widen the distribution network of the brands Nykaa carries including Zariin, The Jodi Life, The Pink Elephant, Global Desi, and FKSN By Narendra Kumar among many others.

Nykaa Fashion has also greatly expanded its private-label offerings recently. New private label brands including accessories label Mondano, occasion wear label Rsvp, and silver jewelry label Likha launched their first collections online at the end of 2019. The business also held a number of pop-up shopping events at the end of 2019 to engage customers offline.

Click here to read more at The IndianPreneur.

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Aparna Rawat

Aparna Rawat is a business content writer for The IndianPreneur.

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Nykaa’s 12th AGM Highlights Growth and Expansion in India's Retail Sector

FSN E-Commerce Ventures Limited, known as Nykaa, India’s leading omnichannel consumer-tech company, held its 12th Annual General Meeting (AGM) on September 18, 2024. Addressing shareholders, Falguni Nayar, Chairperson, MD and CEO of Nykaa, expressed her belief in the growth potential of the beauty and fashion industry, with Nykaa positioned at the forefront of this expansion in India's retail market.

Nayar emphasized the significance of vertical ecommerce and its role in shaping consumer behavior said, " Today, millions of consumers interact with us billions of times in a year across touchpoints and across our platforms. With the rapidly evolving power of personalization, we are excited about how we will reshape discovery, browsing, and shopping journeys – while tailoring for and catering to the specific needs of every individual consumer." She added, "I am a big believer in vertical ecommerce, and both beauty and fashion are categories which are about building aspiration, driving education, and facilitating the right discovery needed to drive inspiration and purchase. "

Nykaa’s operational scale is impressive, having serviced over 33 million customers across beauty and fashion, with nearly 2 billion annual visits. In the last year, over 15 million customers transacted across Nykaa’s platforms, providing the company with a 30 percent online market share in beauty and 15-18 percent in premium fashion.

Business Highlights from the 12th AGM:

Revenue Growth: Nykaa reported a consolidated Gross Merchandise Value (GMV) of over Rs. 12,446 crores, with net revenue of Rs. 6,386 crores, representing a 24 percent increase over FY23.

Profit and Margins: The company recorded a gross profit of Rs. 2,739 crores and EBITDA of Rs. 346 crores, with an improved EBITDA margin of 5.4 percent.

Retail Expansion: Nykaa now offers over 6,700 brands to a customer base of 33 million.

Supply Chain and Warehousing: Nykaa has expanded its supply chain to 44 warehouses across India, up from 18 in FY21. This expansion led to an 18 percent reduction in order-to-delivery time, a 19 percent cut in fulfillment costs, and a 24 percent decrease in split shipments. The average order-to-delivery time improved from 4 days in FY21 to 2.3 days in FY24, a 45 percent reduction.

Same-Day and Next-Day Delivery: Nykaa has successfully introduced same-day and next-day delivery services in over 110 cities, with 60 percent of order volumes in these cities being delivered within the next day. These cities account for over two-thirds of Nykaa's overall order volume.

Retail Milestones: By July 2024, Nykaa had reached 200 stores across 72 cities, with 42 new stores opened in the last financial year. The company also entered 8 new cities. Nykaa has introduced a flagship Luxe store format, featuring advanced personalized services, including medical-grade skin analyzer tools. This retail expansion has significantly contributed to the growth of luxury brands, with Nykaa’s distribution supporting 30-50 percent of sales and customer acquisitions for these brands.

House of Brands: Nykaa continues to grow both organically and through acquisitions. It is increasing its stake in skincare brand Dot and Key to 90 percent, with the brand achieving 9x GMV growth since FY21, reaching Rs 454 crore in FY24. Nykaa is also set to acquire a majority stake in Earth Rhythm, a D2C beauty brand, following its initial 18.57 percent investment in 2022. Earth Rhythm achieved 8x GMV growth to Rs 67 crore in FY24.

Collaboration with Foot Locker: Nykaa Fashion has announced a strategic partnership with Foot Locker, making Nykaa Fashion the exclusive e-commerce partner for the brand in India. Foot Locker will launch its own website in India, operated and managed by Nykaa, offering premium footwear, apparel, and accessories.

AI Integration: Nykaa is leveraging generative AI to enhance the customer experience. AI is being used to improve navigation, provide personalized product recommendations, and identify emerging trends, aiding customers in making informed purchasing decisions. Falguni Nayar commented, " The digital transformation we have witnessed in the past decade has been incredible and unprecedented. Nykaa has been at the forefront of this rapid change, building on the growing opportunities presented by advancing technologies and rapid digitization. "

Nayar concluded by emphasizing Nykaa's commitment to long-term growth while ensuring efficient use of capital to benefit the broader retail industry in India.

• Business Growth
• Expansion news
• retail india

TVS Electronics Limited (TVS-E), a major player in the electronics manufacturing industry, has introduced its Biometric Security Solutions. These offerings include a range of fingerprint recognition devices designed to meet the security needs of sectors such as banking, fintech, and government organizations. With the retail and technology sectors in India seeing rapid growth, TVS-E is tapping into the expanding biometric market, aiming to enhance identity verification systems through its new product lineup.

The newly launched devices include a mechanical keyboard, mobile printer, tablets, and POS handheld terminals. These devices are equipped with STQC-certified thermal sensors and advanced L0/L1 Fingerprint Recognition (FPR) technology, offering secure and accurate identity verification while safeguarding sensitive personal data. 

India's fingerprint biometrics market is growing rapidly, driven by the increasing use of Aadhaar, E-Passports, and the Rashtriya Swasthya Bima Yojana (RSBY). Additionally, rising smartphone usage, improved internet connectivity, and growing security concerns have contributed to India becoming the fastest-growing biometrics market globally, with a projected compound annual growth rate (CAGR) of 12.2 percent. By 2033, the market is expected to reach a value of $67.1 billion.

Srikaanth Viswanathan, VP and CTO (Products and Solutions) at TVS Electronics said, " The launch of Biometric Security Solutions underscores TVS Electronics’ commitment towards pioneering innovative solutions that address the critical need for security and efficiency in secure authentication processes. Our advanced L0/L1 FPR technology embedded devices not only enhance the security framework but also simplify the user experience by eliminating the need for additional standalone devices. "

These biometric solutions are also designed to comply with government-mandated Know Your Customer (KYC) processes, offering end-to-end encryption and instant recognition for improved data security. By integrating these security features directly into the devices, TVS-E reduces the need for additional ports and equipment, enhancing both productivity and operational efficiency.

This launch strengthens TVS Electronics' position as a leader in security and authentication technology, driving innovation that meets the evolving security demands in India’s retail and technology sectors.

• Product Launch

Biosciences and biomanufacturing company, Loopworm, which transforms farmed insects into sustainable products, has announced the achievement of ISO 22000, GMP+, and HACCP certifications for its LoopFactory insect protein production facility in Bangalore. With a capacity of 6,000 tonnes per annum, the facility focuses on producing insect-derived protein for pet foods and animal feed, positioning Loopworm as a key player in the retail and biomanufacturing sectors in India.

The ISO 22000 certification confirms that Loopworm’s products are manufactured under stringent food safety guidelines, ensuring that the insect-derived protein is produced in a controlled, hygienic environment. This certification guarantees that the products are safe for animal consumption and helps prevent contamination risks, reducing the potential for harmful pathogens entering the supply chain.

Loopworm’s achievement of the GMP+ (Good Manufacturing Practices for Feed) certification highlights the company's commitment to quality control. This certification ensures that the insect protein and fat ingredients meet consistent quality standards, vital for both domestic and international markets. The GMP+ certification is essential for access to markets, particularly in Europe, where strict regulations govern feed and pet food ingredients.

The HACCP (Hazard Analysis and Critical Control Points) certification further reinforces Loopworm’s focus on risk management. By monitoring hazards throughout the production process, this certification ensures that Loopworm’s products remain free from biological, chemical, and physical contamination.

Ankit Alok Bagaria, Co-Founder of Loopworm Private Limited said, “ These certifications position Loopworm as a credible and responsible supplier, aligning with global pet food safety and animal feed industry standards. Certifications like GMP+ are critical for entry into key markets like Europe, where strict regulations are in place for feed and pet food ingredients. Whether dealing with pet food companies or animal feed manufacturers, these certifications demonstrate Loopworm’s commitment to delivering safe, high-quality, and sustainable products, which is crucial in industries increasingly focused on animal health and welfare. ”

These certifications not only strengthen Loopworm’s reputation in the global market but also establish the company as a benchmark in the insect protein sector. With a strong focus on food safety and quality, Loopworm continues to build confidence among pet food manufacturers and animal feed companies, ensuring product safety from production to final delivery.

• Business Strategies

Sunpure, South India’s largest edible oil brand, has entered the retail spice market in India by launching a new product category—Blended Spices. The range includes Sunpure Sambar Powder, Sunpure Rasam Powder, and Sunpure Puliyogare Powder. The company expects this new category to generate revenues between Rs 10-12 crore in FY 2024-25.

Earlier in the year, MK Agrotech, Sunpure’s parent company based in Karnataka, ventured into the Rs 25,000-crore branded spices market with the introduction of Sunpure Red Chilli Powder, Turmeric Powder, and Coriander Powder. The company plans to expand its offerings further to include grains, pulses, dry fruits, and other food products.

Sridhar Vaidyanathan, Chief Operating Officer, MK Agrotech said, “ At Sunpure, the health and well-being of our consumers is at the heart of everything we do. The decision to launch the new category of Blended Spices was based on the strong consumer demand for trustworthy and healthy products that can do justice to the intricate blend of flavours and spices that are synonymous with Indian cuisine. Sunpure Sambar Powder, Sunpure Rasam Powder and Sunpure Puliyogare Powder are made from the best quality raw materials and processed in state-of-the-art manufacturing facilities to ensure authentic taste, colour, and aroma. As an ISO 22000:2018 certified company, we have stringent quality checks in place to guarantee that all our products adhere to the highest standards of hygiene and safety. In the coming months, we will be launching more products in this category and beyond. ”

The newly launched Puliyogare, Rasam, and Sambar Powders use natural ingredients, with no additives or preservatives. Sourcing materials directly from their origins, Sunpure ensures freshness and authenticity. Puliyogare Powder includes tamarind from Tumkur, groundnuts from Chitradurga, dried coconut from Thiptur, and jaggery from Mandya. Rasam Powder sources chillies from Byadagi and Guntur, cumin and coriander seeds from Gujarat, and Irani hing. Sambar Powder follows a similar sourcing process for its ingredients.

Sunpure has also been working under the ‘Make in India’ initiative to build a portfolio of Indian oils, including rice bran oil, filtered groundnut oil, and refined groundnut oil, aiming to reduce the country’s reliance on imported edible oils. The company recently launched cold-pressed mustard oil, processed at low temperatures to retain its nutritional and antioxidant properties.

In 2024, Sunpure acquired Maharashtra-based edible oil brand Riso, further expanding its market presence. The company registered 15 percent growth in FY 2024-25 while expanding its footprint across Karnataka, Maharashtra, Kerala, Andhra Pradesh, Telangana, Goa, and Tamil Nadu.

CG Corp Global, the Nepalese conglomerate, is preparing for a pre-listing fundraise in early 2025 for its India unit, which produces the well-known instant noodle brand, Wai Wai. This move comes amid a surge in initial public offerings in the Indian retail market, as companies rush to capitalize on the growing investor interest.

Binod Chaudhary, chairman of CG Corp Global, shared that the funds raised before the IPO will be used to expand operations, with plans to list the Indian arm in the first quarter of 2026. Chaudhary, speaking with Bloomberg TV’s Haslinda Amin, did not provide further specifics on the pre-IPO fundraising plans. Wai Wai, which holds a 28 percent share of India’s instant noodles market and reported annual revenue of Rs 800 crore ($95.5 million), is a significant competitor to Nestle’s Maggi and ITC’s Yippee.

The conglomerate also plans to extend its operations into central and eastern Europe, actively seeking food and beverage firms for acquisition in those regions. Additionally, CG Corp Global is looking to increase its investments in Sri Lanka.

Ahead of the listing, CG Foods India aims for a 15 percent growth in annual revenue through the introduction of new products and potential acquisitions of smaller firms. The Indian IPO market is seeing increased activity, with 93 companies from the consumer sector already announcing listing plans this year, according to Bloomberg data.

Chaudhary, Nepal’s only billionaire, initially built his fortune through Wai Wai noodles before expanding into sectors such as hospitality, infrastructure, and automobiles. He also expressed enthusiasm about the company’s ongoing partnership with Indian Hotels Company Ltd. (operating the Taj brand) to develop 50 hotels by 2030.

WROGN, part of the TMRW House of Brands, is making strides in reshaping the narrative around love and relationships in India with its latest campaign, "Love is Respect." The campaign aims to encourage a shift in how love is perceived, emphasizing that respect is fundamental to any relationship. 

The initiative is designed to inspire a cultural change, promoting the idea that love is an active choice, built on mutual respect. Virat Kohli, along with the team at WROGN, is driving this campaign forward, reflecting the brand’s commitment to influencing positive societal values.

This effort marks a significant move for WROGN as it continues to strengthen its presence in India's retail sector. The brand's approach in integrating meaningful messages with its retail offerings demonstrates its growing influence in the industry.

• Apparel brand

Godrej and Boyce’s Security Solutions division, part of the Godrej Enterprises Group, has strengthened its presence in India's retail and security sectors by securing contracts worth over Rs 35 crore. These high-value contracts involve providing comprehensive security solutions to prestigious institutions, infrastructure projects, and government premises across India. The company's recent successes include implementing an Integrated Outsourced Workforce Management System (IOWMS) for BPCL locations and deploying electronic security solutions at notable sites like Humayun’s Tomb, CM House in Naya Raipur, IIM Jammu, and Adani Airports in Ahmedabad, Lucknow, and Trivandrum.

Pushkar Gokhale, EVP and Business Head of the Security Solutions business at Godrej and Boyce said, " Premises security has been one of our key focus areas. Though the market is highly fragmented, we see significant growth potential, with an estimated addressable market of around Rs 2,500 crore. Presently, this segment accounts for up to 18 percent of our total revenue. Leveraging our expertise and aligning with India's vision to strengthen national security infrastructure, we are introducing new-age solutions and educating clients about their efficacy in safeguarding premises. "

The Security Solutions division generated Rs 100 crore in revenue in FY24 through its premises security solutions. Godrej has introduced several innovative security products, including Flap Barriers, Turnstiles, Gscan poles, Bollards, Number Plate Recognition cameras, and Explosive Vapor Detectors. In addition, the company offers a range of scanning, screening, and access control solutions, such as baggage scanners, vehicle management systems, and touchless facial and full-body scanners, providing advanced technology to address potential security threats.

Godrej and Boyce’s extensive portfolio of security products serves diverse industries, including Banking and Financial Services, Retail, Manufacturing, Hospitality, and IT. The company’s strategic investments in technology and innovation demonstrate its commitment to delivering tailored, state-of-the-art solutions that address the unique needs of different premises.

The company has also made notable contributions to managing security at heritage sites like the Taj Mahal and Aga Khan Museum, enhancing security measures while improving visitor flow management. Godrej’s strategic partnerships with government projects such as Central Vista, SDSC SHAR, NPCIL, DRDO, ISRO, and Parliament further strengthen its position as a leader in the premises security segment in India.

• Funding Round

Golden Grain Rice, one of India's largest rice exporters, is reinforcing its presence in some of the world’s most competitive international markets. With a record-breaking export of 375,000 tonnes of premium basmati rice in 2023, the brand is set to achieve a significant milestone, targeting 500,000 MT in exports for 2024. This growth highlights Golden Grain’s strategic market expansion and its ability to meet the increasing global demand for premium rice, particularly from the retail and hospitality sectors in India and abroad.

The brand’s global footprint spans key regions, including the United States, United Kingdom, United Arab Emirates, Europe, Russia, Georgia, Iraq, Iran, Africa, and Asia. Over its 43-year history, Golden Grain has built strong relationships with distributors and buyers in various markets such as Europe, Georgia, Maldives, Nigeria, Kenya, USA, and the GCC.

Salil Bhatia, MD of Golden Grain Rice said, “ Our vision has always been global, and it’s incredibly rewarding to see Golden Grain becoming a staple in homes and restaurants across the world. We pride ourselves on not just exporting rice but exporting the heritage, craftsmanship, and trust that Indian agriculture is known for. The satisfaction of our customers worldwide is our greatest achievement, and we remain committed to setting new standards of quality, innovation, and service. ”

Golden Grain’s product lineup, which includes Premium Basmati, Classic Basmati, Golden Sella, Supreme White Sella, and Traditional Basmati, has contributed significantly to its growth. These varieties are cultivated, processed, and packaged in modern facilities in Punjab and Haryana, adhering to strict global quality and hygiene standards. The company's advanced multi-stage milling process ensures that each grain retains its signature fragrance, texture, and flavor. This results in 30 percent more volume compared to other basmati varieties, making it popular in international kitchens for its light, non-sticky qualities.

Golden Grain’s success is also tied to its focus on sustainability. The company emphasizes organic, non-GMO farming methods and follows a "Leave the Land Better Than You Found It" philosophy. This commitment to sustainable and ethical practices has been instrumental in meeting the growing global demand for eco-friendly products.

As India’s premium rice industry continues to grow, Golden Grain is leading the way by expanding its footprint into newer markets while reinforcing its position in existing ones. The brand’s focus on delivering high-quality, gluten-free, non-GMO, and vegan-friendly rice options further broadens its appeal to health-conscious consumers globally.

Hindware Smart Appliances has unveiled the Ornate Duo 90cm, a premium island chimney designed to cater to the evolving needs of retail consumers in India. Featuring a sleek, dual cylindrical design and a ceiling-mounted installation, the chimney adds a modern touch to any kitchen.

The chimney boasts a powerful suction capacity of 1000 m³/hr + 1000 m³/hr, ensuring efficient removal of smoke and odors for a clean and comfortable cooking space. Its advanced filtration system, which includes a charcoal filter for re-circulation and an aluminum filter, helps maintain air quality at all times.

In addition to its performance, the Ornate Duo is equipped with several smart features that enhance its functionality. Dual illuminating LED lights with adjustable intensity offer optimal lighting for cooking. The chimney also includes motion sensor control, a smart LED knob, and remote control functionality for ease of use. Its versatile speed settings allow users to adjust the chimney’s performance according to specific cooking needs.

The Hindware Ornate Duo 90cm is priced at Rs 1,19,990 and comes with a 2-year warranty on the product, along with a 10-year warranty on the motor.

Flipkart, one of India's largest e-commerce platforms, has announced that its annual flagship event, The Big Billion Days (TBBD) 2024, will take place from September 27 to October 6, with early access available for Flipkart Plus and VIP members starting on September 26. As India enters its festive season, this retail event promises significant deals and a wide range of product offerings.

To meet the rising demand across India, Flipkart has added 11 new fulfilment centres in nine cities, bringing the total number of such centres to 83. This expansion has resulted in the creation of over 100,000 jobs across its supply chain in India. According to Flipkart, this move is aimed at supporting socio-economic growth while improving service capacity during the retail-heavy festive season.

Kalyan Krishnamurthy, CEO of Flipkart Group said, " The Big Billion Days is not just a shopping event at Flipkart—it’s a symbol of how digital commerce can uplift an entire ecosystem. Our focus is on creating value for the nation, from offering affordability to customers to helping local manufacturers expand their reach. "

The event will also include several tech innovations to enhance the shopping experience. Among these innovations are **Video Commerce**, which will feature live product offers, and **Flippi 2.0**, an AI-powered chat assistant designed to help customers make informed decisions. Flipkart will also offer immersive experiences, such as AI-enabled 3D product explainer videos and a "try-before-you-buy" feature for watches, allowing customers to visualize products before making a purchase.

Flipkart has also focused on expanding its seller network to increase accessibility for customers. This year’s Big Billion Days will feature 20 percent higher seller rewards and new customer-focused initiatives aimed at maximizing growth opportunities for sellers during the festive period.  

Ahead of TBBD 2024, over 4,500 sellers participated in Seller Conclaves across India, a part of Flipkart's efforts to boost opportunities for the 1.4 million entrepreneurs and sellers on its platform. Additionally, Flipkart Samarth, a program aimed at supporting local artisans and small businesses, celebrated its five-year milestone, impacting 1.8 million livelihoods.

Flipkart is enhancing its delivery capabilities with over 200,000 SKUs available for same-day delivery across more than 20 cities in India during TBBD 2024. The company is also emphasizing product quality and reliable deliveries to meet customer expectations in both metro and non-metro regions.

Customers can look forward to significant savings during the event. Flipkart has partnered with HDFC Bank to offer a 10 percent discount on debit cards, credit cards, and EMI transactions. Additionally, users of the Flipkart Axis Bank Credit Card will receive 5 percent unlimited cashback.  

Flipkart Plus and VIP members will have early access to TBBD and special deals, with VIP members also benefiting from exclusive offers and SuperCoin redemptions. Cleartrip, a Flipkart subsidiary, will provide special travel offers during the event, including discounts on domestic and international flights, as well as hotel deals starting at Rs 2,499.

Shopsy, Flipkart's budget marketplace, will be a key part of the event, offering over 160 million products across categories like fashion, beauty, and home essentials. Shopsy’s offerings aim to replicate the experience of local bazaars, with extra savings for first-time users.

The Big Billion Days 2024 aims to blend innovation, accessibility, and value, reinforcing Flipkart’s role in shaping the retail landscape in India during the festive season.

• Expansion Strategy

SOM Distilleries and Breweries Ltd. (SDBL) is making a significant move in India’s retail beer market with the introduction of Woodpecker Premium Beer, the first beer in the country to feature a twist-style cap. This innovative twist cap allows beer drinkers to open the bottle without a bottle opener, offering added convenience and ease. The launch begins in Karnataka, one of SDBL’s fastest-growing markets, and marks a turning point in India’s beer industry.

Woodpecker Premium Beer comes in two variants: Woodpecker Glide, a mild beer, and Woodpecker Crest, a strong and bold brew. The product is crafted from imported two-row barley and Indian malts, incorporating hops from the Rainier region of Germany. Notably, Woodpecker is India’s first cross-malt beer, with a blend of two malts that undergo a 30-day brewing process, resulting in consistent flavor and quality.  

JK Arora, Chairman and MD remarked, “ We are proud to introduce India’s first-ever twist cap beer, Woodpecker, to the Karnataka market. This innovation underscores our commitment to quality and innovation, and we are thrilled to set a new benchmark in quality and convenience for beer lovers without compromising on the rich, smooth flavor they expect from us. "

The twist cap, available in yellow for Glide and black for Crest, eliminates the need for traditional bottle openers. It also includes a customized neck profile that prevents counterfeiting. Woodpecker has moved away from paper labels, using direct print-on-bottle technology to enhance sustainability while maintaining a sleek design.

SDBL had previously introduced an in-home pack of 5 liters for Woodpecker in Karnataka, which saw significant success. Following this, the brand is now launching a full range of SKUs, including 650ml and 330ml bottles, and 500ml cans. The beer is designed with a textured surface for a premium feel, appealing to both casual and serious beer drinkers alike.

Arora said, “ We’ve already been making waves in Karnataka with our various product portfolios over the past three years, and we are the fastest-growing beer brand in the state. Now, with Glide and Crest, we’re taking our presence to the next level. The introduction of the twist cap is a great revolution in beer drinking, offering a new and effortless way to enjoy it. ”

SDBL’s Chief Operating Officer, Diwakaran Suryanarayana added, “ The launch of Woodpecker Glide and Crest is not just the expansion of our portfolio but an innovation that strengthens our legacy in brewing. This isn’t just another beer—it’s an experience rooted in our expertise and craftsmanship. ”

With its innovative twist cap and premium brewing process, Woodpecker Premium Beer is now available across Karnataka, signaling a new era for beer consumption in India.

• alcohol brand

IKEA, a global leader in home furnishings, has launched a new 365-day exchange and return policy in India, aiming to enhance its customer experience in the competitive retail landscape. This new policy covers a wide range of home furniture and accessories, allowing customers to return or exchange products, whether in their original packaging or assembled. The initiative is designed to provide flexibility and convenience, enabling customers to test items at home for fit, comfort, and functionality.

The 'Change of Mind' policy allows customers to return or exchange items either in-store or through home collection services, regardless of whether the purchase was made online or offline. This move sets IKEA apart from other retailers by offering an exceptional level of flexibility for its customers in India.

Adosh Sharma, Country Commercial Manager for IKEA India stated, “ Our new 365-days exchange and return policy is an extension of our efforts, designed to build trust and empower our customers in India. Whether shopping online or in-store, this initiative ensures that customers feel confident in their choices. By making it easier to find the right product the first time and enhancing our focus on 'Democratic Design,' we are elevating satisfaction levels. Our goal is to make exchange and returns as seamless and convenient as possible, so they can focus on what truly matters—building a home they love. ”

This new policy allows returns and exchanges up to a full year from the purchase or delivery date. Customers can return or exchange unused, slightly used, or assembled items in saleable condition with proof of purchase. This extended return period applies even to mattresses, products from the As-Is section, and meter fabrics, providing more flexibility for customers to test items at home.

IKEA Family members receive additional benefits under this policy, including free replacements for products damaged during self-delivery or assembly within 14 days of purchase, further improving the customer experience.

Aleksandra Shestakova, Country Customer Manager, IKEA India added, " We plan to change how customers feel about their purchases. By making returns and claims easier, we want to reassure customers of our quality and flexibility to choose what truly fits their homes and values. All our customers will now have 365 days to exchange or return items across all shopping channels. This policy is not just IKEA India’s bold take on quality assurance but also our way of creating shared trust with our customers. "

IKEA’s new exchange and return policy reinforces its position as a leading omnichannel home furnishings retailer in India, focusing on customer satisfaction and convenience across all shopping platforms.

DriveX, India's largest digital-first auto-tech platform for pre-owned two-wheelers, recently opened its 8th company-owned store in Chennai, bringing the total number of retail outlets to 57. With this expansion, the company reported significant revenue growth for FY24 and outlined plans to expand its retail presence across India. By May 2025, DriveX aims to grow its network from 57 to 130 outlets, with a long-term target of 500 retail touchpoints by 2027.

Narain Karthikeyan, Founder and MD of DriveX Mobility said, " We plan to double our retail touchpoints from 57 to 130 by May 2025. Currently, we are retailing around 2,500 used vehicles per month, a substantial increase from just 25-30 vehicles a couple of years ago. We have identified growing demand and are taking steps to meet it. "

DriveX, in which TVS Motor Company holds a 48 percent stake, has become a key player in the Indian pre-owned two-wheeler market. The Chennai store, the company’s 57th retail touchpoint, serves as a vital hub for DriveX's operations in South India. " The automotive heritage of Chennai provides an ideal backdrop for our service expansion in the region, " Karthikeyan remarked.

As part of its growth strategy, DriveX plans to increase its footprint in northern markets, particularly in the National Capital Region (NCR). " We currently have a small presence in NCR, but our upcoming refurbishment center in Ghaziabad will help us gain traction and improve service quality in this market, " Karthikeyan explained.

Alongside expanding its retail network, DriveX offers a wide range of refurbished two-wheelers and a specially formulated oil for pre-owned engines, which has been well-received in the market. The addition of biking accessories has further enhanced its offerings.

Technology is also playing a crucial role in DriveX’s growth. The company has developed in-house apps to streamline vehicle procurement and improve the customer experience, providing a seamless process for purchasing refurbished two-wheelers. This digital approach is part of DriveX's broader strategy to stay ahead in the evolving market.

With plans to establish a pan-India presence through 500 retail outlets by 2027, DriveX is positioned to reshape the refurbished two-wheeler market in India, focusing on innovation, retail expansion, and customer satisfaction.

Imagine by Ample, a premium retail partner for Apple in India, has introduced its latest campaign, ‘More with Imagine,’ in anticipation of the iPhone 16 launch. From September 13th to 19th, customers can pre-book the iPhone 16 for Rs 5,000 and access exclusive vouchers and rewards from brands like Asics, Bose, Myntra, and Swiggy. This initiative aims to enhance the retail experience for Apple enthusiasts across India, blending advanced technology with added value.

Partha Sarathi Bhattacharyya, Chief Business Officer (CBO) of Retail at Imagine said, " At Imagine, we are more than just a retail partner. Our goal is to offer the customers an unparalleled experience beyond the product itself. With the launch of the ‘More with Imagine’ campaign, we are not only giving iPhone enthusiasts access to the latest iPhone 16 but also rewarding them with an array of exclusive offers and services. To add an element of surprise and delight, we are thrilled to announce a lucky draw for all customers who pre-book and purchase an iPhone during this period, offering a chance to have the cost of their device fully covered. "

This campaign, which spans both online and offline, is available at all 45 Imagine stores across key cities like Bangalore, Chennai, Hyderabad, Goa, Gwalior, and multiple locations in Kerala. These stores provide comprehensive support through sales and service experts, ensuring a seamless retail experience for customers.

The ‘More with Imagine’ campaign underscores Imagine’s commitment to delivering more than just products, offering a rewarding and engaging experience for iPhone 16 buyers.

• Apple iPhone

Vintage Coffee Private Limited, a wholly owned subsidiary of Vintage Coffee and Beverages Limited (BSE-listed), proudly announces the grand opening of its first Premium Café Lounge in Beverly Park, Sector 6, Nerul, Palm Beach Road, Navi Mumbai. This significant event also marks the unveiling of the company's new e-commerce platform, providing customers easy access to Vintage Coffee’s exclusive range of coffee products online.

Vintage Coffee, a well-known name in the global coffee industry, has been producing and exporting Instant Coffee, Roasted Coffee, and Roast & Ground products since 2018. With a presence in over 21 countries, the company is now set to make its mark in the Indian market. The launch of the Premium Café Lounge in Navi Mumbai signals Vintage Coffee’s strategic entry into the country’s booming hot beverage segment.

The café lounge has been thoughtfully designed to create a spacious, relaxing environment for coffee lovers. In addition to offering freshly brewed, expertly blended coffees, the lounge features a dedicated space for business meetings, catering to professionals who seek a premium coffee experience.

Tati Balakrihna, Chairman & Managing Director, Vintage Coffee and Beverages Ltd, stated, “ Today’s consumers' needs and expectations are changing fast. We are confident that this coffee-loving city will have a great experience with the unique blends of Vintage Coffee, from plantation-fresh coffees to the Lounge format café services. The Master franchisees, M/s. Dhruvatara Marketing Private Limited has extensive experience and aggressive plans for expanding Vintage Coffee Café footprints across Indian cities and commercial centers as needed.”

With a rich legacy in producing high-quality coffee products, Vintage Coffee Private Limited is committed to excellence and aims to offer premium coffee experiences to its consumers. Through its e-commerce platform and premium café lounges, the company seeks to bring its distinguished blends to coffee enthusiasts across India and beyond.

• Coffee brand
• beverage brand in India
• india retail

Broadway, a pioneering experiential commerce concept, officially launched its flagship store today at Ambience Mall, Vasant Kunj, New Delhi. Founded by entrepreneur Vivek Biyani in collaboration with Think9 Venture Building Company, the store marks a new chapter in retail by blending digital-first brands with offline consumer experiences, incorporating content, creators, and commerce into one seamless environment.

Covering an expansive 25,000 square feet, the new Broadway store features over 115 emerging brands and a unique Creators' Commune Programme, which involves 150+ content creators. This dynamic concept allows consumers to explore categories like beauty, personal care, health, wellness, fashion, and lifestyle under one roof.

What sets Broadway apart is its emphasis on experience-driven shopping. The store includes specialized spaces such as the Broadway Studio for content creation, a salon, consultation areas, a performance stage, and F&B offerings, including two restaurants and a bar. This innovative design provides an immersive environment aimed at attracting young, modern consumers.

Vivek Biyani, Founder, Broadway Commented , “ The concept of experiential commerce lies at the heart of Broadway’s vision. At Broadway- we aim to create an ecosystem that mirrors the online space for the digital natives; a simplified model that empowers digital-first brands to establish a tangible presence and connect with consumers on a deeper level; and a vibrant community that celebrates creativity & discovery. We are proud to be at the forefront of this retail revolution and are very excited about our debut store.”

The launch event, a 3-day extravaganza, brought together some of the biggest names in retail and the D2C brand space. Over 3,000 guests attended, including Actor Rana Daggubati, Apurva Salarpuria of the Salarpuria Group, and representatives from Anarock Retail. Renowned lifestyle content creators also graced the event, showcasing the store’s innovative approach to experiential commerce, which is inclusive, immersive, and designed to elevate the shopping experience.

Highlights of the launch included live demos at the "Beauty on Air" salon, health and wellness consultations, fashion masterclasses, auctions, and exclusive product launches on the "Main Stage." The dynamic space, with its constant flow of events and activities, promises to keep customers engaged with something new to discover on every visit.

With plans to open two more stores in Hyderabad next month and Mumbai by early 2025, Broadway is set to become a leading name in the Indian retail space, bringing the future of experiential commerce to cities across the country.

• retail store
• Store launch
• Ambience Mall Vasant Kunj

American footwear brand HeyDude has officially launched in India through a strategic partnership with Mumbai-based footwear retailer Metro Brands Ltd. (MBL). 

Initially, HeyDude’s footwear collection will be available in 25 select Metro and Mochi stores across India. The Massachusetts-based brand, which was acquired by Crocs, Inc. in 2022, offers a range of shoes for women, men, and children, with prices starting from Rs 6,499.

“As part of MBL’s strategy of introducing leading international footwear brands to India, we are excited to welcome HeyDude to the Indian market through our extensive retail network ,” said Nissan Joseph, Chief Executive Officer of Metro Brands Ltd.

Crocs, Inc., headquartered in Colorado, owns and operates both Crocs and HeyDude brands. Its products are available in over 85 countries through wholesale and direct-to-consumer channels, further expanding its global reach.

Metro Brands Ltd., a prominent Indian footwear retailer, sells products under its own labels such as Metro, Mochi, Walkway, Da Vinchi, and J. Fontini. It also retails third-party brands including Crocs, Fitflop, Fila, Skechers, Clarks, Puma, and Adidas. As of March 31, 2024, MBL operated 836 stores across 193 cities in 31 states and Union territories in India.

This latest collaboration with HeyDude marks another milestone for MBL, which has been focused on expanding its international portfolio. Recently, the company also signed an exclusive agreement to sell and distribute New Era’s sports headwear in India. The renowned American headwear brand will be featured in MBL’s upcoming Foot Locker store, which is set to open in October 2024.

With HeyDude's entry into India, the partnership promises to offer a distinctive blend of style, comfort, and affordability, catering to the evolving tastes of Indian consumers.

• fashion and lifestyle
• Footwear brand
• collaboration

Global fashion giant Zara, owned by Inditex, has unveiled its 24th retail store in India at the Phoenix Mall of Asia in Bengaluru.  Spanning over 36,000 sq. ft., the new store occupies the first floor of the mall and introduces several cutting-edge features aimed at enhancing customer experience.

The newly opened store incorporates Zara's latest technological advancements, blending its online and physical store platforms seamlessly. These innovations include self-checkout counters with a cash payment option, fitting room reservations, in-store product pickup, real-time stock availability, and product location services through the Zara app. Additionally, customers can access dedicated return counters for both online and in-store purchases, as well as smart fitting rooms for a more efficient shopping experience.

In total, the store boasts 13 self-checkout counters across all sections and six standard cash counters, streamlining the shopping process for customers. One of the store's standout features is a boutique space dedicated to Zara's baby collection, marking the first time this concept has been introduced in any Zara store in India.

According to mall officials, this is the largest Zara store in South India. "Zara has finally unveiled its new concept store, the largest in South India, at the Phoenix Mall of Asia," shared Chinmoy Das, Manager – Leasing at The Phoenix Mills Ltd., in a LinkedIn post.

Beyond Zara, Phoenix Mall of Asia houses a variety of high-end global brands, including H&M, Ferragamo, Boss, Emporio Armani, Versace, Tods, Mango, Vero Moda, Jack & Jones, Michael Kors, Tumi, Tory Burch, Kate Spade, Bottega Veneta, Zegna, Coach, Brooks Brothers, Diesel, Golden Goose, Hackett, and Ralph Lauren.

Zara, part of the Inditex Group, is a prominent global fashion retailer that also operates brands such as Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home. Inditex has a presence in over 200 markets, with a strong commitment to achieving climate neutrality by 2040 through its integrated physical and online store platform.

Zara first entered the Indian market in May 2010 through a joint venture between Inditex and Tata Group, called Inditex Trent, with Inditex holding 49 percent of Zara India. The brand’s first store in the country was launched at Select City Walk Mall in New Delhi.

• fashion and clothing

The Original Bed Co. (TOBC), a UK-based brand known for its customizable and high-quality beds, is expanding into the Indian retail market. With a focus on personalized craftsmanship, the company aims to meet the growing demand for bespoke beds in Indian homes. This move strengthens TOBC’s presence in the global bed and mattress industry, offering unique solutions tailored to individual styles and preferences in India.

Founded in 1994, TOBC began by supplying iron and brass beds to retailers in the UK. Over time, it expanded its product offerings to include wooden beds and traditional pocket spring mattresses, all available with extensive customization options. “ At The Original Bed Co., we believe in creating beds that are as unique as our customers, ” said Dhruv Nagpal, founder of TOBC. “ Our mission is to provide the tools to help our customers realise their dream bedrooms, offering endless possibilities for customisation. ”

TOBC offers a wide selection of bed frames made from iron, brass, wood, and upholstery, available in a variety of colours, fabrics, and sizes. The company’s direct-to-consumer sales model ensures that each bed is crafted to meet global quality standards, while also allowing for more competitive pricing. TOBC stands out in the market with its ability to deliver both custom-made and stock products efficiently, with a lead time of 4-6 weeks for bespoke orders.

The brand’s commitment to quality extends beyond craftsmanship. TOBC beds come with a 5-year warranty and a 30-day return policy, giving customers confidence in their purchases. Sustainability is also a key aspect of the company's operations, with a focus on durable materials like hand-cast iron and 100 percent brass, reducing waste and promoting long-lasting furniture.

As TOBC enters the Indian retail market, it aims to provide customized luxury beds at accessible prices. " We are excited to bring our expertise to India and provide high-quality, personalized beds at affordable prices, " Nagpal added. With this expansion, The Original Bed Co. is poised to offer a new level of bedroom customization and comfort to Indian customers.

• Comfort Solutions

Kalyan Jewellers, one of India’s largest jewellery retailers, has launched its newly redesigned showroom on MG Road in Indore. This revamped location, part of Kalyan's ongoing retail expansion in India, was inaugurated by Bollywood star Ranbir Kapoor. The event drew significant attention from fans and patrons, creating a lively atmosphere as the store reopened with enhanced facilities and a modern shopping experience.

Kalyan Jewellers’ Executive Director, Ramesh Kalyanaraman added, “ With the launch of our redesigned Kalyan Jewellers’ showroom in Indore, the aim is to create a holistic ecosystem and cater to the distinct needs of our customers, enhancing their shopping experience. We aspire to continue reinventing ourselves, providing customers with world-class ambience, while staying true to the company's ethos of trust and transparency. ”

The showroom launch also coincides with a series of offers designed to benefit customers. The “Kalyan Special Gold Board Rate,” claimed to be the lowest in the market and standardized across all showrooms, will apply to purchases, alongside Kalyan Jewellers' 4-Level Assurance Certificate. This certificate guarantees purity, free lifetime maintenance, detailed product information, and transparent exchange and buy-back policies, reinforcing the company’s commitment to customer service.

The revamped showroom will feature Kalyan's well-known house brands, including Muhurat (Wedding Jewellery), Mudhra (Handcrafted Antique Jewellery), Nimah (Temple Jewellery), and many more. With this relaunch, Kalyan Jewellers continues to strengthen its position in India’s retail jewellery market, offering a variety of collections for different occasions and tastes.

• Kalyan Jewellers

Britannia Industries, in collaboration with Google Cloud, WPP’s media company Mindshare, and global creative company VML, has introduced Britannia BourbonIT, an AI-driven platform aimed at revolutionizing recipe creation and culinary experiences in India. This platform, centered around Britannia’s iconic Bourbon biscuit, showcases how advanced technology can enhance consumer experiences in the retail and food industries.

Britannia BourbonIT utilizes Google Gemini’s multimodal capabilities to transform traditional recipes, offering visually appealing and unique culinary creations. The platform allows users to submit recipes in various formats, such as YouTube videos, HTML links, images, or text, with Google’s AI adding a creative twist using Britannia Bourbon as the base. Google Cloud Functions handle input formats, ensuring a smooth user experience, while a profanity filter ensures content quality.

Amit Doshi, Chief Marketing Officer at Britannia said, " The launch of BourbonIT marks a key moment in Britannia Bourbon’s journey, demonstrating our dedication to delivering innovative and superior taste experiences. This collaboration with Google Cloud and WPP’s Mindshare and VML highlights Britannia's leadership in adopting cutting-edge technology, setting a new benchmark for AI-driven experiences in India. ”

Bikram Singh Bedi, Vice President and Country MD at Google Cloud India, added, “ Our work with Britannia and WPP is a testament to how generative AI can drive consumer engagement. The innovative campaign BourbonIT leverages Google’s state-of-the-art generative AI capabilities to deliver unique experiences. ”

Amin Lakhani, CEO for South Asia at Mindshare said, " We are incredibly excited to launch ‘BourbonIT’. This application blends cutting-edge technology with user-friendly design, making it simple for anyone to explore new culinary possibilities. ”

Britannia Bourbon, a well-loved brand for generations, has continued to innovate with consumer preferences in mind. The collaboration with Winkin’ Cow to create the Britannia Winkin’ Cow Bourbon Shake is another example of how the brand is evolving while honoring its legacy.

• Artificial Intelligence

Fabindia, a leading lifestyle brand in India, has entered into a strategic collaboration with the Ministry of Micro, Small, and Medium Enterprises (MoMSME) under the Government of India’s PM Vishwakarma Scheme, launched on September 17, 2023. This partnership is designed to support India’s traditional artisans, including potters, carpenters, weavers, blacksmiths, tailors, and other skilled craftsmen, by promoting their products and expanding their reach in the retail market across India.

The PM Vishwakarma Scheme, introduced by the Indian government, focuses on empowering artisans by providing financial aid, skill development, and marketing support. The collaboration with Fabindia aims to enhance the marketing efforts of artisans registered under this scheme, allowing them to showcase their craftsmanship to a broader audience, thus improving their livelihood opportunities.

Key Aspects of the Collaboration:

• Market Integration: Fabindia will incorporate products made by artisans into its retail network, enabling them to reach a larger customer base.
• Skill Development: The brand will offer training and development programs to help artisans refine their skills and adapt to modern design and technology, increasing the market appeal of their products.
• Promotion: Fabindia will promote these handcrafted items through its extensive marketing channels, both online and in physical stores, ensuring greater visibility for traditional Indian crafts.
• Sustainability: The collaboration emphasizes preserving traditional crafts and promoting the cultural heritage of India by supporting artisans in building sustainable livelihoods.

Commenting on the collaboration, MoMSME and Fabindia Ltd said, “ The initiative is committed to preserving and promoting Indian craftsmanship and artisans by providing them with the tools, training, and platform they need to thrive in the modern marketplace. With this collaboration, we are sure that it will not only empower artisans but also ensure their crafts receive the recognition and market access they deserve. ”

This partnership is expected to significantly impact artisans by helping them access markets and gain recognition for their work, aligning with the broader goals of preserving India’s artisanal heritage through retail opportunities.

Archies, a well-established name in the social expression industry for decades, is navigating a significant transition as it adapts to the evolving retail landscape in India. Traditionally known for its greeting cards, gift wraps, and related products, the brand is now diving into the quick commerce sector. Last year, Archies generated Rs 6 crore in sales through platforms like Blinkit, Zepto, and Swiggy Instamart. The company has set a target of Rs 15 - Rs 18 crore for FY 2025, aiming for a substantial 150 percent - 180 percent increase in sales. This represents a notable shift for the brand as it integrates into the fast-paced, tech-driven retail environment.

Archies is in discussions to partner with BigBasket and explore Flipkart’s 10-minute delivery service. These moves are intended to align with modern consumer expectations for rapid product availability while maintaining the sentimental value that defines Archies.

Varun Moolchandani, Executive Director of Archies Limited remarked, “ We’re not just responding to trends, we’re shaping them. The way people shop is changing rapidly, and we’re ensuring that our products, which have always been a symbol of thoughtfulness, are readily available for their convenience. Our quick commerce partnerships are just the beginning as we look to combine speed with the emotional connection that Archies has always represented. ”

Looking ahead, Archies is also planning international expansion, targeting markets with significant Indian diaspora such as the Middle East, UK, Canada, and Southeast Asia. The strategy involves partnering with local channel partners to introduce Archies' brand of social expression to these regions. Moolchandani added, “ We are making a concerted push into international markets, targeting regions where the Indian community has a strong presence. There’s a deep, emotional resonance with our brand, and we’re excited to bring that connection to a new audience globally. Our expansion will reinforce Archies as not just an Indian legacy, but a global one. ”

Despite these global ambitions, Archies remains committed to expanding its domestic presence. The brand plans to open 15-20 new company-owned stores by the end of FY 2025, focusing on prominent locations in malls and high-end streets across North India. This expansion, combined with increased engagement in modern trade formats, aims to strengthen Archies' connection with its domestic customer base while exploring new growth opportunities.

In addition to its retail and quick commerce ventures, Archies is seeing growth in its online and marketplace operations. With existing partnerships with e-commerce giants like Flipkart, Myntra, and Amazon, the brand anticipates around 150 percent growth in FY 2025. Archies is also exploring further online expansion through potential collaborations with Open Network for Digital Commerce (ONDC) and FirstCry.

The company’s Print and Pack division, though less visible, is also performing well, achieving revenues of Rs 22 crore in FY 2024—a 36 percent increase from the previous year. The division is projected to reach Rs 30 crore by the end of FY 2025.

As Archies progresses, its core mission remains focused on fostering connections, whether through its traditional products or its expanding presence in both domestic and international markets.

Diageo India (United Spirits Ltd.), in collaboration with BharatCares, has initiated Water, Sanitation, and Hygiene (WASH) projects in two schools in Meghalaya—Seng Khasi Upper Primary School in Mawlai Khasi Hills and Soso Tham Memorial School in Lawsohtun. This retail and social impact venture is set to enhance the learning environment for over 120 students and staff members by improving water and sanitation facilities.

The projects involve the installation of a dedicated reverse osmosis (RO) plant, the renovation of the existing drinking water station with a modern filtration system, and updates to the school boundary wall and toilets at Seng Khasi Upper Primary School. At Soso Tham Memorial School, the initiative includes constructing a new classroom with a dyna roof, separate toilets for boys and girls, a handwashing station, an RO plant, and an upgraded drinking water station.

Navdeep Singh Mehram, Head of CSR and Sustainability at Diageo India commented, “ At Diageo India, preserving water for life is a key priority under our Society 2030 ESG action plan. We have been championing water stewardship within our communities by investing in improving access to WASH. Together with our NGO partner BharatCares, these initiatives will help enhance overall well-being by creating a healthier, hygienic, and beneficial environment for the students and the staff members. ”

Manoviraj Singh, Vice President of CSR and Government Practice at CSRBOX Foundation noted, “ We are delighted to continue our collaboration with Diageo India on this community engagement initiative. These projects will improve the infrastructure of the schools by installing water purification systems, upgrading sanitation facilities, and enhancing structural elements. Our goal is to provide students with a better learning environment and access to essential facilities. ”

Diageo India has been actively involved in multiple WASH projects across 8 states in India, reflecting its ongoing commitment to community development.

Mila Beauté, an Indian beauty brand with a global outlook, has announced the appointment of Shailendra Gaur as its new Vice President of Retail. In his new role, Shailendra will lead the brand’s retail growth and oversee business expansion across India, covering general trade, pharmacy outlets, large-format retail stores, and exclusive brand outlets.

With extensive experience in retail strategy and growth, Shailendra's focus will be on establishing a robust and profitable retail business for Mila Beauté, aiming for a turnover of Rs. 100 crore. His goal is to make high-quality Indian colour cosmetics accessible beyond tier 1 cities, with a special emphasis on expanding into tier 2 markets.

Shailendra joins Mila Beauté following a successful tenure as National Sales Manager at Swiss Beauty. His career highlights also include key roles at top organizations such as Revlon, Godfrey Philips, and Mars Chocolates. Among his notable achievements are opening new markets in Nepal and Bangladesh for Mars Chocolates and boosting Revlon's profitability in India by 50%. He also played a pivotal role in modernizing Swiss Beauty's trade channels, including the development of beauty advisors across India.

Shailendra Gaur, Vice President of Retail, Mila Beauté said, "I am excited to join Mila Beauté at this significant juncture. My vision is to expand our business network across India, focusing on tier 2 cities while keeping our core promise of making beauty accessible at everyday prices. We aim to take a category-driven approach, ensuring we remain relevant and on-trend for the GenZ consumer."

Saahil Nayar and Sachin Chadha, Co-founders of Mila Beauté stated , " We are thrilled to welcome Shailendra to the Mila Beauté family. His strategic acumen, deep understanding of the Indian retail landscape, and proven track record in driving growth align perfectly with our vision of making beauty accessible to every Indian consumer."

Mila Beauté is committed to offering high-quality, trend-forward makeup inspired by international beauty standards while catering to the unique needs of Indian consumers. With Shailendra’s leadership, the brand is poised for further expansion across India’s retail landscape.

• New Appointment
• beauty & cosmetics
• retail growth

Fruit of the Loom, the iconic American apparel brand, has partnered with Bradford License India to bring its unique blend of affordable quality, comfort, and style to Indian consumers through strategic licensing partnerships.

Aiming to bring a fresh perspective to the ever-changing fashion arena, the renowned brand has partnered with Bradford License India as its official and exclusive licensing agency to identify and secure suitable licensing partners in India, marking a pivotal step in the brand's strategic expansion into the dynamic Indian market.

The revenue in the apparel market in India is projected to reach $105.50 bn in 2024, according to data analytics platform Statista, and it is anticipated to grow annually by 3.81 percent (CAGR 2024-2028). Looking ahead, the volume of the apparel market in India is expected to reach 40.1 bn pieces by 2028!

Capitalizing on India’s burgeoning consumer base and evolving fashion landscape, Bradford License India brings its extensive expertise in licensing and brand management, playing a crucial role in identifying and securing local partners who resonate with Fruit of the Loom's core values and standards of excellence. Bradford will work to establish partnerships with licensees who will develop and produce Fruit of the Loom-branded products such as innerwear, casual wear, sleepwear, and accessories for the Indian market.

Celebrating this collaboration, David Springob, VP of Licensing for Fruit of the Loom, stated, "We are thrilled to bring Fruit of the Loom's legacy of quality and innovation to India. Partnering with Bradford License India allows us to connect with a new audience, and we look forward to offering our brand IP for licensing to create new, exciting product categories for Indian consumers."

This strategic alliance aims to deepen the brand's connection with Indian consumers who value quality, affordability, and contemporary fashion trends. Bradford License India is excited about this partnership, which brings a renowned range of durable fashion products that embody comfort and timeless appeal to a broader audience in India. Mr. Gaurav Marya, Chairman, Bradford License India, commented, "We are delighted to facilitate Fruit of the Loom's entry into the Indian market. Our goal is to ensure that their iconic brand is represented through high-quality, locally developed products that resonate with the values and preferences of Indian consumers."

Together with Bradford License India, Fruit of the Loom is poised to set new benchmarks in the Indian apparel industry, offering consumers’ unparalleled options that align with their preferences and lifestyles.

About Fruit of the Loom 

Fruit of the Loom has been crafting Well Made, Well Priced apparel you can count on for over 170 years. Whether its sweats, underwear or anything in between, we work hard ensuring our unique blend of fresh style, quality and comfort is woven into each one of our many pieces of clothing so that you look good and feel good every day.

About Bradford License India

Bradford License India, in affiliation with Bradford Licensing LLC is a leading global licensing agency specializing in brand licensing, retail merchandising, and market expansion strategies. Since its inception in 2010, Bradford has stood as India's pioneering end-to-end licensing solution provider, strategically designed to elevate brand awareness and catalyze the growth of licensing across the nation. With a portfolio of prestigious brands across diverse sectors, Bradford License India leverages its expertise and industry insights to create successful licensing partnerships and drive brand growth in the Indian market.

Karnataka is gearing up for its next big investment event, Invest Karnataka Summit 2025 (Global Investors Meet 2025), aimed at driving growth in India’s industrial and retail sectors. With a theme of “Reimagining Growth,” the event is set to be a key platform for fostering tech-driven, green, inclusive, and resilient growth in the state. The summit will feature more than 100 speakers, 30+ technical and cultural sessions, and is expected to attract over 5,000 senior delegates from the retail and industrial sectors, making it a prime forum for collaboration between government and industry.

Shri M.B. Patil, Honourable Minister for Large and Medium Industries and Infrastructure Development, announced the summit in New Delhi, emphasizing Karnataka’s growing position as an industrial leader. He stated that the event will highlight Karnataka's vibrant ecosystem, home to 45 unicorns, and position the state as a hub for innovation and investments. He added, “ Invest Karnataka 2025 is not just another investor meet; it’s a platform for real-time collaboration. We aim to create an ecosystem that connects financial investments with the state’s identity, fostering both innovation and sustainable growth. ”

The event will prioritize the participation of startups, SMEs, and multinational corporations, ensuring the benefits of investment extend to all sectors. The summit is expected to boost Karnataka's manufacturing landscape and further establish its leadership in industries like electronics, healthcare, aerospace, and space technology.

Key Highlights of Invest Karnataka 2025:

• SME Connect 2025: A dedicated forum for small and medium enterprises, fostering collaboration and growth opportunities.
• VentuRISE – Global Startup Challenge: In its second edition, this competition will focus on sectors such as Clean Mobility, Aerospace and Defence, and ESDM, providing startups with funding opportunities, mentorship, and networking with industry leaders.
• Future of Innovation Expo: A showcase of cutting-edge innovations, where participants can experience live demonstrations and learn about technological advancements in various sectors.

The event will also highlight Karnataka's cultural heritage, blending its rich history with its technological progress. This intersection of tradition and innovation will be a key feature of the summit, showcasing Karnataka’s leadership in both culture and technology.

Strengthening Global Partnerships The summit aims to bolster Karnataka's international relationships. Earlier in the day, Shri M.B. Patil met with H.E. Simon Wong Wie Kuen, Singapore High Commissioner, to explore avenues for collaboration between Karnataka and Singapore. Discussions revolved around a recent MoU between the two nations, with a focus on semiconductors, digital advancements, healthcare, education, and sustainable manufacturing. The High Commissioner expressed interest in investing in data centers, medical device manufacturing, and pharmaceuticals, while also emphasizing Singapore’s desire to establish net-zero industrial parks in Karnataka.

Shri Patil extended an invitation for Singapore to be a country partner at Invest Karnataka 2025, further deepening ties between the two regions and opening up new avenues for investment and innovation.

With its focus on driving innovation, sustainability, and inclusivity, Invest Karnataka Summit 2025 promises to be a landmark event that will solidify the state’s position as a global leader in industry and technology.

In a significant development for the retail and business sectors in India, Shri Piyush Goyal, Hon'ble Commerce and Industry Minister of India, emphasized that as the UAE continues to evolve, the bilateral trade relationship between India and the UAE will also experience significant transformation. Speaking at the UAE-India Business Forum, supported by the Confederation of Indian Industry (CII), Goyal highlighted the alignment between the UAE's vision for the next 50 years and Prime Minister Narendra Modi’s vision for a prosperous Bharat. The event was graced by the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan.

Goyal further noted that the Comprehensive Economic Partnership Agreement (CEPA) will pave the way for a new chapter in India-UAE trade relations, enhancing opportunities across sectors like retail, healthcare, and technology.

H.E. Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, UAE, acknowledged the strong friendship between the two nations. He stated, " The CEPA between the UAE and India has significantly broadened the scope for new projects and opportunities, catalyzing innovation and economic growth. " The agreement has been instrumental in strengthening the economic partnership, particularly in the areas of retail and emerging technologies in India.

Sanjiv Puri, President of CII, remarked that the opening of Invest India and CII offices in the UAE will help both nations explore further business and investment opportunities, particularly in food security, which holds significant potential for collaboration.

Chandrajit Banerjee, Director General of CII, emphasized that CEPA has been a transformative milestone in the India-UAE economic relationship. He highlighted that healthcare, biotechnology, renewable energy, and precision technology are key areas where the two countries can collaborate, with UAE's capital helping India advance in these sectors.

H.E. Abdalla Sultan Al Owais, Vice Chairman of the UAE Federation of Chambers of Commerce and Industry, pointed out the substantial growth in air passenger traffic between the two countries, indicating significant potential for growth in sectors such as aviation, food supply chains, hospitality, and healthcare.

The forum featured discussions on opportunities in various sectors, including healthcare, biotechnology, AI and emerging technologies, agri-tech, logistics, and renewable energy, marking a new era for India-UAE trade and business collaborations.

• Partnership

Reliance Retail Ventures Limited, a leading player in the Indian retail sector, has announced a strategic 50/50 joint venture with Delta Galil Industries, Ltd., a global manufacturer and marketer of branded and private label apparel. This partnership aims to reshape the apparel market in India, focusing on intimate apparel, activewear, loungewear, and denim for men, women, and children.

The new venture will create an apparel innovation platform designed to address the specific needs of Indian consumers. Delta Galil will use this platform to broaden its presence in the Indian market by introducing its well-known portfolio of intimate apparel and activewear brands across various retail, wholesale, and digital channels. Additionally, Delta Galil will contribute to designing and manufacturing products for Reliance’s established brands.

V. Subramaniam, Managing Director of Reliance Retail Ventures Limited said, “ Delta Galil’s reputation as a global innovator in intimate apparel and activewear aligns seamlessly with Reliance Retail’s commitment to delivering quality and innovative products to Indian consumers. Together, we are poised to elevate the consumer offerings in the intimate apparel and activewear segments across our retail platforms. ”

Delta Galil’s CEO, Isaac Dabah said, “  th in the intimate apparel and activewear categories throughout the country. ”

As India’s largest retail company, Reliance Retail will leverage its domestic sales and distribution capabilities through this joint venture, while gaining access to Delta Galil’s industry expertise and innovation in key apparel segments poised for growth in the Indian market.

The Open Network for Digital Commerce (ONDC) has announced the appointment of Dr. R.S. Sharma as the Non-Executive Chairperson. This move is expected to accelerate the adoption and expansion of ONDC within the retail sector in India.

Dr. Sharma brings extensive academic and professional credentials to his new role. He holds degrees in Physics, Mathematics, and Statistics from the University of Allahabad, an MSc in Mathematics from IIT Kanpur, an MS in Computer Science from the University of California, Riverside, an LLB from CCS University, and a Doctorate in Management and Public Policy from IIT Delhi.

Dr. Sharma’s career in the Indian Administrative Service (IAS) is marked by significant digital initiatives. He has served as Director General and Mission Director of UIDAI, Chairman of TRAI, CEO of the National Health Authority, and Chief Secretary for the Government of Jharkhand. His contributions to ONDC include roles on the ONDC Advisory Council and the ONDC Technology and Strategy Review Council, where he has influenced the network's strategic direction.

Globally recognized for his expertise in Digital Public Infrastructure, Dr. Sharma played a key role in the development of Aadhaar, which has been central to India’s digital transformation. His leadership at TRAI and the National Health Authority was pivotal during the COVID-19 pandemic, overseeing the implementation of Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), the Ayushman Bharat Digital Mission (ABDM), and CoWIN, the digital platform for India’s COVID-19 vaccination drive.

Dr. Sharma has been closely involved with ONDC since its inception, advising initial working groups and guiding the network’s evolution from a pilot project to a national initiative. His mentorship has been crucial to ONDC’s progress.

In his new role as Chairperson, Dr. Sharma’s leadership is expected to drive ONDC’s next phase of innovation and expansion, leveraging his extensive experience in Digital Public Infrastructure to further the network’s mission and objectives.

As the festive season approaches, Swiggy Instamart, India’s leading quick commerce platform, has expanded its operations to 43 cities. Over the past two months, Swiggy Instamart has launched in 11 new cities, including Rajkot, Thrissur, Mangalore, Kanpur, Udaipur, Warangal, Salem, Amritsar, Bhopal, Varanasi, and Ludhiana, introducing the convenience of rapid delivery to many of these locations for the first time. This expansion highlights Swiggy's commitment to making everyday essentials accessible to customers across India, especially in smaller cities.

Swiggy Instamart’s growth strategy focuses on expanding its store network in major metro areas while also targeting Tier ll and Tier lll cities, which represent tomorrow’s growth markets. Customers in these new cities can now enjoy fast access to a wide range of products, from daily essentials and groceries to electronics, toys, beauty products, and home supplies, all delivered within just 10 minutes, making festive shopping and everyday needs easier to manage.

In addition to its geographical reach, Swiggy Instamart is also partnering with local brands and vendors to offer products that resonate with regional tastes. For example, customers in Mangalore can now order products from Narans Foods and Ideal Icecream, while Bhopal residents can shop for items from Top N Town Breads and Andaah. In Thrissur, popular local brands like Milma Milk and Navua Bakers are now available on the platform.

Recent launches in these cities have demonstrated a strong demand for quick commerce services. A Swiggy Instamart store in Mangalore set a new record, fulfilling 1,000 orders in a single day faster than larger metro areas. Similarly, in Thrissur, over 1,000 orders were delivered in just four minutes, showcasing the platform's operational efficiency. In Bhopal, despite challenging weather conditions, Swiggy Instamart maintained 100% service availability, with 40 percent of orders being delivered during heavy rain.

Amitesh Jha, CEO of Swiggy Instamart said, “ Users across India already recognize the convenience Swiggy provides. The enthusiastic demand from smaller towns and cities has been incredibly encouraging. Our expansion into these new locations marks a significant milestone, allowing even more people to experience the ease of having thousands of products—from everyday essentials to electronics and toys—delivered in just 10 minutes from both national and local brands. ”

As Swiggy Instamart deepens its presence in Tier ll and lll markets, the company plans to expand its dark store network to meet rising demand. This move will help ensure that every customer's festive needs are met with ease and speed, particularly during the upcoming holiday season.

Swiggy Instamart has consistently seen an uptick in demand during festive seasons, reflecting a growing preference for quick commerce among Indian shoppers. With a vast selection of products available, Swiggy Instamart is well-positioned to serve customers’ needs during this period, with its 10-minute delivery promise making it the go-to platform for last-minute shopping.  

PN Gadgil Jewellers Ltd announced that it has successfully raised Rs 330 crore from anchor investors, just a day before its initial public offering (IPO) opens for public subscription.

The list of anchor investors includes major entities such as ICICI Prudential Life Insurance Company, Tata Mutual Fund (MF), Axis MF, Mirae Asset MF, HDFC MF, Bandhan MF, Nippon India MF, Goldman Sachs (Singapore) Pte, Citigroup Global Markets Mauritius, Societe Generale, Troo Capital, and The Jupiter Global Fund.

According to a circular posted on the BSE’s website, the company has allocated 68.75 lakh equity shares to 33 funds at Rs 480 each, the upper end of the price band. This allocation brings the total transaction size to Rs 330 crore.

The Rs 1,100-crore IPO is scheduled to open for subscription on September 10 and will close on September 12. The price band for the shares has been set between Rs 456 and Rs 480 per share.

The IPO comprises a fresh issue of equity shares worth up to Rs 850 crore and an offer for sale (OFS) of equity shares amounting to Rs 250 crore by the promoter SVG Business Trust. Currently, SVG Business Trust holds a 99.9 percent stake in PN Gadgil Jewellers.

Market analysts have projected the company’s market capitalization to exceed Rs 6,500 crore post-issue.

Proceeds from the fresh issue will be utilized as follows: Rs 393 crore for setting up 12 new stores in Maharashtra, Rs. 300 crore for debt repayment, and the remaining funds for general corporate purposes. As of March 2024, the company had total borrowings of approximately Rs 397 crore, according to the red herring prospectus (RHP).

PN Gadgil Jewellers Ltd offers a diverse range of precious metal and jewelry products, including gold, silver, platinum, and diamond jewelry, catering to various price points and designs. The company’s products are primarily marketed under the flagship brand ‘PNG’ and several sub-brands, through its network of 39 retail stores (as of July 31, 2024) and various online platforms.

Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Ltd, and BOB Capital Markets Ltd are serving as the book-running lead managers for the issue.

• Capital Investment

Phoenix Mall of the Millennium is celebrating its first anniversary, highlighting a year of incredible success and rapid growth. Over the past year, the mall has grown to include 280 stores, with plans to expand to 300 by the end of the year, strengthening its position as a top shopping destination.

As part of the anniversary celebrations, the mall has unveiled the much-anticipated opening of the Zara store, along with the launch of several prestigious international brands like Superdry, Armani Exchange, Sephora, Tira, Charles Tyrwhitt, Charles & Keith, Steve Madden, and Aldo. These additions elevate the mall’s luxury appeal and offer shoppers a premium retail experience with a wide variety of top-tier brands under one roof.

To mark this milestone, Phoenix Mall of the Millennium is launching the 365 Gifts Campaign, a thrilling event that offers shoppers the chance to win fabulous prizes. By spending a minimum of Rs. 5000 at the mall, customers can enter a lucky draw to win exciting rewards, including Harley Davidson bikes, diamond necklaces, iPhone 15 phones, and more.

Adding to the celebration is the launch of Eclectic Village, Pune’s largest dining destination, which boasts a diverse array of award-winning restaurants . Visitors can indulge in culinary delights from popular eateries such as Ishaara, Eight, Punjab Grill, Asia Kitchen by Mainland China, The Irish House, Pizza Express, and more, making it a must-visit location for food enthusiasts.

Vikram Pai, Centre Director,  Phoenix Mall of the Millennium shared , “ Celebrating our first anniversary is a testament to the vibrant community we’ve built and the incredible support we’ve received in this past year. The introduction of the most extensive selection of top-tier brands under one roof & the launch of IP’s like the 365 gifts campaign are just the beginning. This strategic addition is designed to elevate the shopping experience by combining the best in style and beauty in a single, convenient location. Our goal is to provide a seamless and elevated customer experience, characterized by superior service, exclusive offerings, and a meticulously curated environment. We invite you to explore these exciting new stores and enjoy a shopping experience that truly stands out. Here’s to many more years of innovation and Excellence .”

With its continued expansion and dedication to delivering an exceptional shopping, dining, and entertainment experience, Phoenix Mall of the Millennium is set to remain a premier lifestyle destination for years to come.

• phoenix mall
• anniversary

Stove Kraft, a leader in home and kitchen solutions, has unveiled its latest innovation—the Pigeon AirFusion Air-Fryer Rotisserie Oven. This versatile appliance combines the functions of an air fryer, oven, toaster, and grill (OTG), with advanced rotisserie features, all packed into a compact and sleek design.

With a 12-litre capacity, the AirFusion is designed for health-conscious Indian families and cooking enthusiasts seeking a versatile, convenient, and high-quality cooking experience. The appliance delivers impressive results across various cooking methods, including air frying, roasting, baking, grilling, and toasting, using 360-degree heat circulation technology and up to 95% less oil. From crispy, oil-free snacks to perfectly baked goods, AirFusion aims to be the ultimate kitchen companion.

Rajendra Gandhi, Managing Director of Stove Kraft expressed, “We are excited to introduce the innovative AirFusion to our customers. This appliance embodies our commitment to innovation, quality, and health. It’s designed to simplify cooking while delivering delicious, oil-free meals, making it a must-have in every kitchen.”

The AirFusion offers several advanced features, including an LED Digital Touchscreen for easy operation, precise temperature control (ranging from 80°C to 200°C), flexible timing settings (from 1 to 90 minutes), and a transparent cooking window with interior lighting to monitor the cooking process. It also comes with 9 pre-set cooking recipes, such as French fries, pizza, baking, rotisserie, and dehydrator, allowing users to prepare meals with the touch of a button. Additional functions like Keep Warm, Pre-Heat, and Defrost ensure meals are served at the perfect temperature.

Dr. M. Nanda, Chief Marketing Officer of Stove Kraft, highlighted,  “The AirFusion is a testament to our dedication to providing versatile and efficient kitchen solutions. With its multi-functional capabilities and user-friendly design, it empowers our customers to cook healthy and flavourful meals every day and effortlessly. This isn’t any ordinary kitchen appliance, it’s an outstanding combination of two very useful appliances that all modern homes need.”

The AirFusion comes equipped with seven essential accessories, including two mesh racks, a rotisserie basket, a rotisserie shaft, skewers, a removal tool, and a drip tray. These accessories enhance the cooking experience, making tasks like preparing crispy fries, roasted nuts, whole roasted cauliflower, and soya kebabs a breeze. Additionally, the appliance’s drip tray ensures easy clean-up by catching excess oil, promoting healthier meals.

Pigeon’s commitment to customer satisfaction is further reinforced by its extensive after-sales service network, with service centres across the Eastern and North-East regions. The Pigeon AirFusion Air-Fryer Rotisserie Oven is available at over 75,000 retail outlets across India, 200+ Pigeon Exclusive stores, and online on platforms such as Amazon and Flipkart.

• home & kitchen

France’s largest supermarket operator, Carrefour, is making a return to the Indian retail market through a franchisee partnership with Dubai-based Apparel Group. This marks Carrefour's second attempt to establish itself in India after exiting the market a decade ago due to heavy losses in its cash-and-carry business. Carrefour's re-entry into India will now target consumers directly, competing with established retail players like DMart and Reliance Smart Bazaar.

India allows 100 percent foreign direct investment (FDI) in the cash-and-carry or wholesale business, but these entities can only sell to businesses and retailers, not directly to consumers. This time, Carrefour is entering with a different strategy—franchise-operated Carrefour-branded stores that will focus on direct consumer sales, aiming to capture a share of India’s growing supermarket sector.

Apparel Group India Pvt. Ltd., part of the UAE-based retail conglomerate Apparel Group, announced its partnership with Carrefour through a social media post. " We are thrilled to announce Apparel Group’s partnership with Carrefour to introduce Carrefour’s renowned retail experience with plans for nationwide expansion across India, " the company shared on LinkedIn.

Apparel Group India already operates more than 200 retail stores and over 10 brands across multiple platforms, catering to millions of shoppers. The group employs over 3,000 staff in the country, positioning it well for Carrefour's expansion in India.

Globally, Carrefour operates over 14,000 stores in more than 40 countries, generating revenue of €94.1 billion in 2023. As a leading player in the global food retail sector, Carrefour is known for offering high-quality, affordable food, and employs over 300,000 people worldwide. With this re-entry into the Indian market, Carrefour aims to leverage its global expertise to provide a world-class retail experience.

By collaborating with Apparel Group, Carrefour is setting the stage to become a key player in India’s competitive retail landscape. This move is expected to accelerate Carrefour’s presence in a rapidly growing retail market while contributing to the evolving consumer retail space in India.

UAE-based multinational conglomerate Lulu Group has officially opened its latest shopping destination in Kozhikode, marking a significant milestone in the region's development. The new Lulu Mall was inaugurated yesterday, and it promises to modernize the city while creating 2,000 new job opportunities.

“The new venture marks a significant step towards the modernization of Kozhikode. It has advanced local development and provided job opportunities for 2,000 individuals,” said Yusuff Ali M.A., Chairman of LuLu Group.

The grand inauguration was presided over by Kerala Minister P.A. Mohammed Riyas, with Kozhikode Mayor Beena Philip performing the ribbon-cutting ceremony . The event was attended by several prominent figures, including P.K. Kunhalikutty MLA, Ahamed Devarkovil MLA, Thottathil Ravindran MLA, BJP State President K. Surendran, Kozhikode Deputy Mayor C.P Musafar Ahamed, and Lulu Group Chairman Yusuff Ali M.A., among other dignitaries.

The mall, developed with an investment of Rs 800 crore, spans 3.5 lakh square feet and is located near Mankavu, just 5 km from Kozhikode Cyber Park and Government Medical College. It features a 1.5 lakh sq. ft. Lulu Hypermarket, a Lulu Fashion Store, Lulu Connect for electronics, and nearly 50 national and regional brands, including Tissot, Skechers, Levi’s, US Polo, Allen Solly, and Poshe Salon, offering a premium shopping experience.

In addition to retail, the mall offers a food court with seating for over 500 people, hosting popular food outlets such as KFC, Pizza Hut, Baskin Robbins, Starbucks, and the fusion restaurant Flame’n’Go. For entertainment, there’s a dedicated children’s gaming arena.

“Kozhikode is renowned for its rich history, pristine beaches, and its pivotal role in the spice trade,” Yusuff Ali M.A. noted, highlighting the city’s significance as the landing site of Vasco da Gama in 1498. Lulu Mall Kozhikode, located near Mavoor Road, is expected to become a hub for the local community, attracting visitors from all over North Kerala.

The mall also boasts five self-checkout counters for added convenience and 1,800 dedicated parking spaces. Lulu Mall Kozhikode opened its doors to the public on September 9th, offering exclusive inaugural promotions to mark the occasion.

Lulu Group International, headquartered in Abu Dhabi, continues its rapid expansion across India with this latest venture, solidifying its presence in the commercial real estate sector.

• offline shopping
• shopping malls

Shoppers Stop, India's leading omnichannel destination for premium fashion, beauty, and gifting, launched its much-anticipated Pujo Collection in a spectacular fashion show at South City Mall, Kolkata. Headlined by actors Arjun Chakraborty and Darshana Banik, the event set the tone for the festive season, highlighting the spirit of Pujo with stylish flair.

Pujo is more than just a festival—it is a celebration of culture, tradition, and community. Shoppers Stop’s latest collection captures this essence, offering a wide range of outfits perfect for every Pujo occasion. From pandal hopping to intimate adda sessions or indulging in traditional rituals, the collection presents a curated ensemble for the entire family, showcasing over 500 premium brands. In addition, the personalized styling services provided by Shoppers Stop’s Personal Shoppers add an extra touch of customization, ensuring every look is unique.

Jiten Mahendra, Chief Marketing Officer at Shoppers Stop Limited shared, " At Shoppers Stop, customer satisfaction is paramount. Pujo is a very important occasion in our customers' lives in West Bengal. Keeping this in mind, we have curated looks that perfectly marry tradition with contemporary style, ensuring our customers look their best during this festival. We are happy to unveil our Pujo collection with renowned actors Arjun Chakrabarty and Darshana Banik. "

The Pujo Collection is available across Shoppers Stop’s range of premium brands, including Versace, Fossil, Michael Kors, Tommy Hilfiger, Calvin Klein, and Vero Moda. Shoppers can also explore the brand's extensive beauty offerings from MAC, Jo Malone, and Estee Lauder, making Shoppers Stop a one-stop destination for all things festive.

With customer satisfaction at its core, Shoppers Stop continues to enhance its services through its 10 million-strong First Citizen Club loyalty program, offering exclusive rewards, personalized shopping experiences, and priority access to events. As Durga Puja approaches, Shoppers Stop is the ultimate destination for festive shopping, whether in-store or online at www.shoppersstop.com.

Visit your nearest store or explore the latest collections online to make this Pujo season truly special.

• Shoppers Stop

Acer has unveiled its latest concept, the Project DualPlay gaming laptop, during the next@acer global press conference in Berlin, Germany. Designed for the growing gaming community, this Predator series concept aims to revolutionize the gaming experience by merging versatility and shared gaming features into a powerful single device. This development could potentially impact the retail gaming landscape in India as well, where demand for cutting-edge gaming laptops is on the rise.

Project DualPlay breaks new ground in on-the-go gaming, offering players an immersive experience through innovative features. One standout is the oversized touchpad, which doubles as a detachable wireless controller. With just a two-finger press on the keyboard’s release button, players can unlock the controller from its electromagnetic lock. This action also activates two high-fidelity, 5-watt pop-out speakers, providing rich, dynamic audio to enhance the gaming experience.

For multiplayer enthusiasts, Project DualPlay offers an exciting option for shared gaming. A second player can join in, with the detachable controller further splitting into two joysticks, making it ideal for competitive games like *Capcom Street Fighter 6*. This feature allows players to seamlessly switch between keyboard and controller setups, adapting to different game genres and playing styles.

The laptop also enhances the visual and sensory experience with customizable 360-degree dynamic RGB lighting that wraps around the keyboard, screen bezels, and wide trackpad area. The lighting extends to the infinity mirror bar on the back and the controller’s joysticks, creating a visually captivating atmosphere during gameplay.

Rajesh Thadani, Senior Director, Acer India shared, " Project DualPlay is a reflection of our commitment to pushing the envelope in gaming technology. With this concept, we're not only introducing innovative hardware but also redefining how players interact with their games. As the gaming community grows in India, we believe Project DualPlay will be a game-changer for those seeking cutting-edge, immersive experiences. "

Project DualPlay is a significant step in Acer’s Predator lineup, marking a bold move in gaming innovation. By offering unique features that cater to various gaming preferences, Acer aims to deliver an unmatched experience for both casual and hardcore gamers. As the gaming market in India and globally continues to evolve, this concept is poised to set a new standard for gaming laptops.

Page Industries, the exclusive licensee of JOCKEY International Inc continues to push the growth of Jockey’s men’s innerwear segment in India, with a renewed focus on younger audiences, particularly Gen Z. The innerwear category in India's retail sector has seen a notable uptick in sales, with volume growth in recent quarters, positioning the market for continued expansion. In response, Jockey has launched its refreshed ‘Nothing Fits Better’ campaign to highlight its flagship men’s innerwear line and appeal to the trend-conscious youth of India.

Jockey’s new campaign aims to reinforce its core philosophy, emphasizing quality and comfort, while targeting today’s youth with a modern look. The campaign's message, “Jockey or Nothing,” is designed to connect with younger consumers by positioning the brand as a medium of self-expression. Featured in the campaign are collections like NYC, USA Originals, POP, and MOVE, offering styles such as briefs, boxer briefs, inner boxers, and trunks. These collections boast bold prints, playful stripes, and fresh colors, resonating with the vibrant preferences of Gen Z.

Nihal Rajan, CMO of Jockey India said, “ Jockey’s range of men’s innerwear, including the NYC, USA Originals, POP, and MOVE collections, offers styles suited for any time of day, making them an essential part of a youngster’s life. Today’s young men are adventurous, spirited, and passionate, with diverse career choices and hobbies. With the ‘Nothing Fits Better’ campaign, we aim to capture the energy of this youth cohort, positioning Jockey as the brand that complements their vibrant personalities and fits seamlessly into their dynamic lifestyles. ”

The campaign will be rolled out across Jockey Exclusive Stores, as well as outdoor, digital, and social media platforms, engaging with the audience through relatable and dynamic content. By reflecting everyday scenarios in the lives of young men, Jockey aims to deepen its connection with this demographic.

Over the last 25 years, Jockey has cemented its position as one of the most popular innerwear brands in India. With the latest campaign, Jockey aims to further strengthen its foothold in the retail market by aligning its products with the evolving preferences of Gen Z.  

• Jockey India

Philips, a global leader in healthcare technology, announced on Monday that Bharath Sesha has been appointed as the Managing Director (MD) for the Indian subcontinent, effective from September 1, 2024. In his new role, Sesha will oversee Philips’ healthcare business operations across the region, which are headquartered in Gurgaon, while also managing the company’s broad range of activities in India. These include the Philips Innovation Campus (PIC) in Bengaluru, the Healthcare Innovation Centre (HIC) in Pune, and the Global Business Services (GBS) center in Chennai.

Sesha brings over two decades of global experience to the role and is expected to play a pivotal role in strengthening Philips’ presence in the Indian subcontinent. His responsibilities will include overseeing Philips' healthcare portfolio, ensuring compliance with regulatory requirements, and driving the company’s innovation and business strategies across the region. Sesha's appointment reflects Philips’ commitment to fostering strong leadership and driving growth in one of its key markets.

Before joining Philips, Sesha was the Managing Director at Heubach Colorants India, where he gained extensive experience in managing large-scale operations and driving growth initiatives. His previous roles have equipped him with deep insights into global business dynamics, making him well-positioned to lead Philips' operations in India and contribute to its strategic goals.

Sesha succeeded Daniel Mazon, who was the Vice Chairman and Managing Director for Philips in the Indian subcontinent until April 1, 2024. During his tenure, Mazon played a key role in expanding Philips' footprint in the region, particularly in the healthcare sector. Following his success in India, Mazon has taken on a global role at Philips’ headquarters in the Netherlands, where he will continue to contribute to the company’s worldwide strategy.

In a statement, Philips highlighted the importance of the Indian subcontinent as a growth market for the company, emphasizing Sesha’s role in driving innovation and expanding its business in the region: "His vast experience and leadership skills will help Philips continue its mission of improving people's lives through meaningful innovation in healthcare and personal health."

Headquartered in the Netherlands, Philips is renowned globally for its advanced solutions in diagnostic imaging, ultrasound, image-guided therapy, monitoring, and enterprise informatics. The company also has a significant presence in the personal health domain, offering a wide array of products designed to improve the quality of life for consumers. With its robust innovation centers in India, Philips aims to harness local talent and develop cutting-edge technologies that can benefit not only the Indian market but also its global operations.

Sesha’s appointment is seen as a strategic move that will further strengthen Philips’ leadership in India’s rapidly growing healthcare sector. By leveraging the capabilities of the Philips Innovation Campus in Bengaluru and the Healthcare Innovation Centre in Pune, the company is poised to continue delivering innovative healthcare solutions tailored to the needs of the Indian population. Additionally, the Global Business Services center in Chennai plays a crucial role in supporting Philips' operations and business processes across the globe.

With Sesha at the helm, Philips is expected to build on its strong foundation and enhance its market leadership in India, focusing on innovation and technology that align with the company’s vision of improving healthcare outcomes.

• Health & Wellness

In a strategic move to bolster its celebrity beauty brand, Kay Beauty, India’s leading beauty and fashion retailer, Nykaa, has appointed Sukhleen Aneja, former CEO of Good Brands Co (part of the Good Glamm Group), as the new Senior Vice President and Business Head. Kay Beauty, which was co-created by Nykaa and Bollywood actress Katrina Kaif in 2019, has quickly risen to prominence and now generates annual sales exceeding Rs 150 crore across both online and offline platforms. Aneja will also oversee Nyveda, Nykaa’s Ayurvedic beauty brand, and will provide strategic direction for other emerging brands in the wellness and personal care space.

Kay Beauty has become a household name in India, known for its innovative product line featuring skin-nourishing ingredients and high-performance makeup. With over 150 Nykaa stores and 450 selective beauty retail outlets distributing the brand, its reach is extensive. Looking ahead, Aneja's focus will be on scaling Kay Beauty in international markets following its immense success domestically.

Adwaita Nayar, Executive Director, Nykaa and CEO, Nykaa Fashion and Head of Owned Brands said , “ We are delighted to welcome Sukhleen Aneja to the Nykaa Family to lead the Kay Beauty and Nyveda businesses. Sukhleen’s extensive experience in building customer-centric brands will be invaluable as we up our ambition on both brands. For Kay Beauty specifically, her strategic vision, along with Katrina’s marketing mind and might, will enable the Rs.150 Cr brand to scale to the next level both domestically and internationally.”

Aneja, who has now joined Nykaa as Senior Vice President and Business Head for Kay Beauty, remarked , “ I am thrilled to join Nykaa and look forward to driving growth and innovation in Kay Beauty and Nyveda. Beauty continues to be under-penetrated in India and that’s where the opportunity lies for creating strong and powerful consumer-first brands.”

In her previous role, Aneja was instrumental in scaling brands and leading innovation at Good Brands Co, where she served as CEO from December 2021. Her extensive career also includes leadership positions at Reckitt Benckiser, L’Oreal, and Unilever, where she was known for creating strategic roadmaps and transforming businesses.

Nykaa’s celebrity beauty brand, Kay Beauty, stands out in the market for its inclusivity and trendsetting products, such as the popular Hydra creme lipstick range. With a strong Instagram community of 1.5 million followers, the brand resonates deeply with its customers, emphasizing the message that #ItsKayToBeYou.

Sukhleen Aneja’s appointment signals Nykaa’s continued commitment to innovation and its ambitious plans for the future. With her leadership, Kay Beauty and Nyveda are poised for significant growth, both in India and internationally.

Auréa, the growth capital firm co-founded by Mike Jatania and Paul Raphaël, has acquired The Body Shop, a move reflecting Auréa’s focus on purpose-led brands in the Beauty, Wellness, and Longevity sectors. This acquisition is Auréa’s largest transaction to date and signals a commitment to revitalizing the iconic brand known for its ethical beauty products.

Founded in 1976, The Body Shop has long been a pioneer in the ethical beauty space, offering high-quality skincare, body care, haircare, and makeup made from natural, fairly traded ingredients. With this acquisition, Mike Jatania will serve as Executive Chairman, and Charles Denton will take on the role of CEO, both bringing a wealth of experience in transforming heritage brands into sustainable, growth-oriented businesses.

Mike Jatania, Co-Founder of Auréa said, “ With The Body Shop, we have acquired a truly iconic brand with highly engaged consumers in over 70 markets worldwide. Our focus will be on exceeding customer expectations by investing in product innovation and enhancing the shopping experience while maintaining the brand’s ethical and activist positioning. ”

Charles Denton, CEO of The Body Shop said,“ I am excited to lead this brand, which I have admired for years. Revitalizing the business will require bold action, and we are committed to restoring The Body Shop’s values-driven and independent spirit, with a focus on sustainable growth. ”

Shriti Malhotra, Group CEO of Quest Retail, which operates The Body Shop India said, “ The Body Shop India welcomes this exciting news. With new ownership at the helm, we are looking forward to tremendous brand energization and accelerated growth. The Body Shop India is deeply connected to Indian customers through its strong omnichannel presence with 200+ stores and online presence in 1500+ cities through a strong e-commerce and Quick-commerce network. With immense opportunities ahead of us, we are excited to work with the new owner."

The acquisition underscores Auréa's commitment to leveraging its investment expertise and operational insight to drive The Body Shop’s global resurgence while reinforcing its ethical roots and connection with customers across markets, including India.  

• acquisition deal

International fashion retailer Primark is poised to enter the UAE retail sector. Alshaya Group, a leading international retail franchise operator, announced a strategic partnership with the British brand to explore store openings in the Middle East. 

John Hadden, CEO of Alshaya Group, confirmed that discussions are underway to bring Primark to the region. " We are incredibly proud to partner with Primark to discuss potential opportunities to bring their stores to the region. For many years, shoppers across the region have asked for Primark and we are looking forward to the start of a successful partnership to help bring their exceptional in-store experience to the GCC, ” Hadden stated.

Primark, which began in Dublin, Ireland 55 years ago, now operates over 450 stores across 17 markets. The brand is known for offering value essentials and high-quality fashion at affordable prices.

Travel and lifestyle brand Mokobara has taken another significant step in its retail expansion with the launch of its third store in Mumbai, located at Nexus Seawoods, further solidifying its presence in the city. This new opening marks the brand’s 14th offline location nationwide, reflecting its growing popularity and reach. 

“Delighted to announce the grand opening of our latest store at Nexus Seawoods,” Yadav said in a LinkedIn post, accompanied by images of the newly inaugurated store.

Mokobara first entered the Mumbai retail market in November 2023, with the opening of its debut store at Phoenix Palladium Mall. Earlier this year, the company followed up with a second store in Mumbai at Oberoi Mall, Goregaon. The latest outlet at Nexus Seawoods further strengthens Mokobara’s foothold in the city, highlighting its commitment to expanding in key urban centers.

Founded in early 2020 by Sangeet Agarwal and Navin Parwal, Mokobara initially launched as a direct-to-consumer (D2C) online luggage brand. The Bengaluru-based retailer offers a wide range of travel and lifestyle products, including travel bags, briefcases, totes, slings, wallets, and other accessories, catering to modern travelers with stylish, functional designs .

In May 2023, Mokobara made its first foray into brick-and-mortar retail with the opening of its inaugural store at Phoenix Marketcity in Whitefield, Bengaluru. Since then, the company has rapidly expanded its physical presence, opening stores in cities like Chennai, Hyderabad, Gurugram, Amritsar, and Pune.

In addition to its growing retail footprint, Mokobara continues to operate an active e-commerce platform, selling through its own website as well as major online marketplaces such as Flipkart, Myntra, Amazon, and Nykaa.

The brand has also made headlines for its successful funding rounds. In October 2023, Mokobara raised $3.6 million in funding from investors including Saama Capital, Sauce VC, and Alteria Capital. Earlier this year, the company secured an additional $12 million in a Series B funding round led by Peak XV Partners, with further contributions from existing investors. This influx of capital has fueled Mokobara’s ambitious plans for retail expansion, product development, and enhancing customer experiences both online and offline.

With the new store at Nexus Seawoods, Mokobara continues its journey to become a household name in the travel and lifestyle segment, offering modern, versatile, and high-quality luggage solutions for customers across India. The brand’s retail expansion signals its commitment to providing customers with immersive, hands-on shopping experiences, while its strong online presence ensures accessibility to a wider audience.

Bvlgari, a prominent name in high jewelry, has expanded its retail offerings in India with the launch of the new Bvlgari Bvlgari Mangalsutra sautoir necklace. This addition follows the success of the initial Mangalsutra necklace introduced in 2021, which featured a campaign with Global Ambassador Priyanka Chopra Jonas. The new piece continues to blend Indian cultural heritage with contemporary design.

The Bvlgari Bvlgari Mangalsutra sautoir necklace merges Indian tradition with modern aesthetics. Its design includes circular elements in rose gold reminiscent of ancient Roman coin engravings, accented with black onyx inserts and pavé diamonds. The necklace also features black onyx beads, reflecting traditional craftsmanship while showcasing Bvlgari’s innovation.

Jean-Christophe Babin, CEO of Bvlgari said, “ The Bvlgari Mangalsutra sautoir necklace beautifully blends our Roman heritage with Indian traditions. This piece showcases our dedication to honoring diverse cultures and highlights our commitment to modern elegance. We are thrilled to present this second exclusive creation, celebrating Bvlgari’s timeless charm and the dynamic spirit of contemporary Indian women. ”

The necklace not only honors traditional marriage bonds but also serves as a symbol of empowerment and personal growth. It is designed to enhance the unique qualities of women and support their multifaceted personalities.  The new Bvlgari Bvlgari Mangalsutra sautoir necklace is now available at selected Bvlgari stores.

Asos Plc, the UK-based online fashion retailer, has agreed to sell a 75 percent stake in its Topshop and Topman brands to Heartland A/S, a company owned by Denmark’s Holch Povlsen family, which also owns retail group Bestseller A/S. The £135 million ($178 million) deal forms a joint venture between Asos and Heartland, giving Bestseller control over two iconic brands that Asos had acquired in 2021 from Philip Green’s insolvent retail group for £295 million. 

In the context of *retail* and *India*, Asos, a key player in online fashion, has been focused on reducing costs and managing stockpiles of unsold clothing, amid challenges in the e-commerce sector. The sale of Topshop and Topman marks a strategic step in restructuring efforts to stabilize the business.

Shares of Asos rose by as much as 16 percent following the announcement, showing a positive market response. This comes after the company's shares had dropped 17 percent over the past year. As part of the plan, Asos intends to relaunch Topshop.com within six months of the deal's completion, while continuing to sell the brands on its e-commerce platforms.

Bestseller, the new majority stakeholder, operates retail and wholesale businesses under over 20 fashion brands, including Jack and Jones and Vero Moda. The company runs about 2,700 branded stores across 32 countries, 2,100 of which are operated directly.  

Amid its efforts to manage finances, Asos also announced plans to refinance a bond due in April 2026 with new debt maturing in 2028 and to repay the rest in cash. It will extend the maturity of an existing facility with Bantry Bay Capital, while convertible notes due in 2026 gained about 12 pence on the pound to 84 pence.

Analysts from Investec, Ben Hunt and Kate Calvert, noted that while extending debt and gaining cash inflow are positive steps, the company still faces challenges in stabilizing its operations fully.

Online fast-fashion giant Asos has agreed to sell a 75 percent majority stake in its Topshop and Topman brands to Heartland, a company controlled by Danish retail mogul Anders Holch Povlsen, owner of the fashion and lifestyle group Bestseller. The deal, valued at $178 million, is structured as a joint venture with Heartland, as reported by a leading media outlet.

Under the terms of the joint venture, Asos will retain certain design and distribution rights for the Topshop and Topman brands . This arrangement will allow Asos to continue selling these brands online while earning a royalty fee. The proceeds from this transaction are expected to assist Asos in repaying its debts as part of its broader refinancing efforts.

Asos acquired the Topshop and Topman brands in 2021 following the collapse of Sir Philip Green’s retail empire. The deal with Heartland, anticipated to close in the fourth quarter of fiscal year 2024, will see Heartland holding a 75 percent stake in the joint venture, with Asos retaining the remaining 25 percent. Additionally, Asos will have the option to sell an extra 5 percent stake in the joint venture to Heartland for approximately $11.8 million.

Bestseller, a family-owned fashion company established in 1975, owns and manages over 20 brands, including Jack & Jones, Only, and Vero Moda. These brands are available in 70 countries across Europe, Asia, North America, South America, Oceania, and the Middle East.

Recently, Asos has also expanded into the Indian market through a partnership with Reliance-owned e-commerce platform Ajio. The platform now features over 3,000 products from Asos’s curated portfolio, including brands such as Asos Design, Asos Edition, Asos Luxe, and Miss Selfridge.

• Fashion brand

Cantabil Retail India Ltd., a prominent Indian apparel brand, has reached a notable milestone by surpassing 550 stores across the country. The company celebrated this achievement with the launch of four new stores in Delhi.

The newly inaugurated outlets are strategically located in Moti Nagar (2,007 sq. ft.), Kamla Nagar (3,850 sq. ft.), Sagarpur (550 sq. ft.), and Lajpat Nagar (1,990 sq. ft.). With these additions, Cantabil now boasts over 90 stores throughout the Delhi NCR region, further solidifying its footprint in the capital.

Cantabil’s stores provide an extensive range of clothing options for men, women, and children, along with a variety of activewear and footwear. This diverse product offering caters to a broad customer base and enhances the brand's appeal across different demographics.

“Crossing the 550-store milestone is a proud moment for us. The opening of these stores marks a significant step in our expansion strategy as we continue to grow our presence across the country,” said Deepak Bansal, director, Cantabil Retail India.

Cantabil was established in 2000 and has since expanded its presence to 20 states and more than 250 cities across India. The brand initially focused on men’s apparel but diversified into women’s wear in 2007. In 2018, Cantabil introduced a line for children, and in 2023, it further broadened its offerings to include athleisure wear and footwear.

In addition to its physical stores, Cantabil has embraced digital retail, offering its products through its own online platform, Cantabilshop.com. The brand also sells through major e-commerce marketplaces such as Myntra, Ajio, Flipkart, Nykaa, TataCLiQ, and Amazon, providing customers with a variety of shopping options.

As Cantabil continues to expand its reach and diversify its product range, the company remains committed to delivering quality apparel and meeting the evolving needs of its customers across India.

Agilitas Sports, a Bengaluru-based start-up specializing in athleisure sportswear, has announced the appointment of Rohan Chhabra as its new Senior Director of Apparel Design and Creative Strategy. This strategic move aims to enhance the company's design capabilities and creative vision as it continues to make a mark in the sports and fashion industries.

The announcement was made through a LinkedIn post by Agilitas Sports, which highlighted Chhabra’s extensive background in fashion and creative direction. The post read, “Say hello to Rohan Chhabra, our Senior Director – Apparel Design and Creative Strategy. Chhabra brings extensive diverse experience in fashion, creative direction, and concept development.”

Chhabra comes to Agilitas with a robust portfolio, having previously worked with prominent global brands such as Nike, Ralph Lauren, and Space Runners. His experience spans several fields including artificial intelligence, the Metaverse, sportswear, luxury fashion, and cultural trends in both the US and Europe. His diverse background is expected to bring a fresh and innovative perspective to Agilitas Sports, further solidifying its position in the competitive athleisure market.

“Joining Agilitas is not just about a new role; it’s about being part of something truly groundbreaking in the sports and fashion landscape of India. “For the first time, we are building something that resonates deeply with the real India with a global appeal,” said Chhabra.

Founded in 2023 by Abhishek Ganguly, the former Managing Director of Puma India and Southeast Asia, alongside Atul Bajaj and Amit Prabhu, Agilitas Sports has already made significant strides in the industry. The company recently expanded its portfolio by acquiring Mochiko Shoes Pvt Ltd., a prominent sports footwear manufacturer in India. This acquisition allows Agilitas to produce products for a range of well-known brands, including Adidas, Puma, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks, and US Polo.

In addition to Chhabra's appointment, Agilitas Sports has also strengthened its leadership team with the recent hiring of Nirdosh Chouhan as Chief Technology and Product Officer (CTPO) and Richard Zartman as Vice President of Footwear Design. These appointments reflect Agilitas’s commitment to innovation and excellence in its product offerings.

With these strategic hires and recent acquisitions, Agilitas Sports is poised to continue its growth trajectory, setting new benchmarks in the athleisure market and delivering exceptional products to customers worldwide.

• sportswear brand

Amazon Global Selling, the international export initiative of the e-commerce giant, is set to surpass $13 billion in cumulative e-commerce exports from India by the end of 2024, according to a senior company official. The program is on track to reach its ambitious $20 billion target by 2025.

Bhupen Wakankar, Amazon India’s Director of Global Trade, revealed that since its launch in 2015, the exports program has facilitated the sale of over 400 million Made in India products to customers around the globe.

“ When we started, we pledged a target of $10 billion in cumulative exports from SMBs by 2025. In 2020, we doubled the pledge to $20 billion by 2025. We are very happy to report that by the end of 2024, we will have completed $13 billion already and are committed to enabling $20 billion in cumulative e-commerce exports from India by 2025 ,” said Wakankar.

Wakankar noted the program’s rapid growth, highlighting that it took about eight years to reach $8 billion (2015-2023) and just one year to advance from $8 billion to $13 billion (2023-2024).

Over the past year, the seller program has onboarded approximately 50,000 new sellers, bringing the total to 150,000. These sellers have collectively sold over 400 million Made in India products worldwide.

“ Amazon Global Selling is seeing remarkable adoption across the country and has sellers from more than 200 Indian cities. It enables sellers to build global brands by selling to hundreds of millions of customers on 18 Amazon global marketplaces in countries such as the US, the UK, the UAE, Saudi Arabia, Canada, Mexico, Germany, Italy, France, Spain, Australia, Singapore, among others. This is like a democratic egalitarian platform where sellers from all parts of the country have embraced it, ” Wakankar further added.

The Exports Digest 2024 report, released on Thursday, identified beauty products as the top growth category in 2023, with a 40 percent year-on-year increase, followed by apparel, health, and personal care. The United States, United Kingdom, Canada, and Germany emerged as the top international marketplaces for Indian sellers on Amazon Global Selling.

The report also highlighted that Maharashtra, Delhi, Gujarat, Rajasthan, and Karnataka are the leading states contributing the highest number of exporters to the program.

• Amazon India

Titan Company Ltd has expanded its retail presence with the opening of three new stores in New Delhi. These new outlets include the 18th and 19th Tanishq stores and the 7th Taneira store, marking a significant move in Titan's retail strategy. The new stores are located in South Extension and Chandni Chowk, two of the capital's most vibrant retail districts, catering to the city's diverse and affluent demographic base. This expansion aligns with Titan's focus on strengthening its retail operations across India to meet growing consumer demand for high-quality and beautifully crafted products.

C K Venkataraman, Managing Director of Titan Company Limited said, " New Delhi represents a crucial market for us, with its blend of tradition and modernity, making it an ideal region for our latest store launches. These new stores not only enhance our accessibility but also reinforce our commitment to offering unparalleled shopping experiences. As we continue to expand our retail footprint, we remain focused on integrating innovative retail formats and superior customer service, ensuring that our brands resonate deeply with our diverse customer base. "

The newly opened Tanishq stores aim to elevate the jewellery shopping experience with a vast selection of collections, including Gold, Diamonds, Celeste Solitaire, Rivaah, Enchanted Trails, Tales of Tradition, and the "Rivaah X Tarun Tahiliani" collection. The South Extension store, spanning 17,500 square feet, is positioned in South Extension Part 2, while the Chandni Chowk store, covering 6,000 square feet, caters to the rich cultural and market atmosphere of the Omaxe Chowk, Gandhi Maidan area.

In addition, the new 2,500-square-foot Taneira store in Chandni Chowk offers a curated range of handcrafted and authentic sarees, ready-to-wear kurtas, and blouses. The store's collection includes signature weaves such as Pure Silk, Cotton, Ikat, Kota Doria, Banarasis, Chanderis, Maheshwaris, and more, making it a key destination for wedding shoppers.

To celebrate the openings, Tanishq and Taneira are offering special promotions. Tanishq customers can receive a free gold coin with every purchase from 5th to 8th September 2024, while Taneira is offering a 0.2 gram Tanishq gold coin on purchases of Rs 20,000 or more from 5th to 10th September 2024.

Johnson's Baby, a leader in baby skincare, has launched its new range of gift sets at the Johnson’s Baby ‘Onederland’ event in Delhi. The event, attended by over 280 influencers and experts, introduced the latest gift sets designed to meet the needs of new mothers and their newborns, further strengthening the brand’s presence in the retail and parenting markets in India.

The new gift sets come in four different variants, each featuring a curated selection of Johnson’s Baby’s popular products. A unique aspect of the gift sets is the introduction of a personalized maternity bag with a name tag, a first for the brand. The bag is designed for outings with the baby, available in attractive colors, and made to be durable and water-resistant for added convenience.

Additionally, Johnson’s Baby has launched an AI-generated lullaby and video feature that can be personalized with the baby’s name. Parents can create customized lullabies by scanning a QR code on the gift box, with options available in both English and Hindi. This new feature aims to enhance the nap-time ritual, making it a special experience for parents and their newborns.

Manoj Gadgil, Business Unit Leader-Essential Health and Vice President of Marketing at Kenvue said, “ We are excited to launch our new Johnson’s Baby curated gift sets. Johnson’s Baby has always focused on enhancing the joys of parenthood, and we hope these gift sets become synonymous with the joy associated with the birth of a newborn. Our gift sets have been thoughtfully curated with many personal touches, including an AI-powered lullaby and our best-selling products designed to help protect a baby’s delicate skin. ”

The Johnson’s Baby ‘Onederland’ event showcased key aspects of a new mother’s journey through three segments: Journey to Day 1, Preparing for Day 1, and Day 1 and Beyond. The event featured experiential zones, expert-led knowledge sessions, and activities that highlighted baby skincare, myth-busting, and practical tips on caring for newborns.

• H&R Johnson

Xolopak India, a leading manufacturer of sustainable disposable packaging, has announced new investments from Bollywood stars Aamir Khan, Ranbir Kapoor, and Karan Johar in a pre-IPO funding round. The Pune-based company also revealed that Russell Mehta, owner of Rosy Blue India and father-in-law of Akash Ambani, has acquired a minority stake in the business. However, the exact investment amounts have not been disclosed.

Several other well-known investors have also participated in this pre-IPO round. Devanathan Govindarajan of Riverstone Capital, Minerva Ventures Fund, Nexta Enterprises LLP, NVS Corporate Consultancy Services, Opus Software Solutions, Sarod Reality, Feroz Farms and Holdings, and Viney Equity Market LLP joined the round, highlighting the widespread confidence in Xolopak’s vision and its future growth prospects.

Xolopak India has carved a niche for itself as a manufacturer of organic disposable cutlery, ice cream sticks, and spoon products, all made from sustainable and eco-friendly materials. The company's emphasis on green solutions has resonated with environmentally-conscious consumers and businesses alike, driving its rapid growth in a market increasingly focused on sustainability. With a growing demand for eco-friendly alternatives to plastic, Xolopak has positioned itself as a key player in the disposable packaging sector, offering products that combine both functionality and environmental responsibility.

Xolopak India specializes in producing organic disposable cutlery, ice cream sticks, and spoon products. The company recently filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge to raise capital through an initial public offering (IPO). The IPO will include the fresh issuance of up to 52.86 lakh equity shares, each with a face value of Rs 10.

Beeline Capital Advisors is serving as the sole book-running lead manager for the offering.

On the financial side, Xolopak India reported a profit after tax (PAT) of Rs 6.36 crore for FY24, significantly up from Rs 3.48 crore in the previous year. The company also saw nearly three-fold revenue growth, with operations generating Rs 31.47 crore in FY24 compared to Rs 11.87 crore in FY23.

• Sustainable Initiative
• Ranbir Kapoor

Indian alcohol beverage (alcobev) company DeVANS has expanded its Six Fields beer lineup to enter the premium lager segment, aiming to strengthen its presence in the growing retail and hospitality sectors in India. The expansion includes the launch of Six Fields Brute, a strong variant, and Six Fields Pilsner, a smooth lager. DeVANS, known for its innovative approach to the Indian beer market, is positioning these new beers alongside its existing Belgian-style wheat beers, Six Fields Blanche and Six Fields Cult.

The Six Fields portfolio expansion is a strategic move by DeVANS to cater to the evolving preferences of Indian consumers. Initially, the new variants will be available in select regions, including Jammu and Kashmir, Ladakh, Delhi, Uttarakhand, Rajasthan, and Jharkhand, marking a significant step in the company's retail expansion across India.

Speaking on the expansion, DeVANS Chairman and Managing Director Prem Dewan said, “ As a pioneering partner in the growth journey of the Indian beer market, we truly understand the pulse and demands of the consumer. One of the first homegrown wheat beers with a lineup of accolades and awards, Six Fields is testimony to the innovative streak that DeVANS has instilled in the domestic beer market. We are elated to expand the Six Fields bouquet into the premium strong and lager beer segments, catering to a much wider consumer base. "

Six Fields Brute, the brand's first strong lager, offers up to 8 percent ABV, delivering a bold, full-bodied flavor, while Six Fields Pilsner, a light, refreshing beer with up to 5 percent ABV, is designed to provide a crisp, smooth drinking experience. Dewan emphasized that these new beers aim to offer distinctive experiences to meet diverse consumer tastes in the Indian market.

Six Fields has already earned recognition in India and internationally, winning accolades such as the Brussels Beer Challenge and Spiritz Selection Awards. DeVANS' commitment to producing high-quality beers extends beyond Six Fields, as the company also produces other award-winning Indian beers like Godfather and Kotsberg.

With a total brewing capacity exceeding 1,80,600 KL, thanks to production tie-ups across India, DeVANS has positioned itself as a leading Indian brewer. The company is also known for its premium malt spirits, including its flagship GianChand Single Malt Whisky, which has received global praise and multiple awards. Based in Jammu, DeVANS continues to compete with international brands in both the domestic retail and hospitality markets.

Marudhar Rocks International Private Limited, a leading building materials company in India, has secured Rs 150 crore from Bharat Value Fund (BVF) through a private placement round, valuing the company at approximately Rs 2,300 crore. BVF, which is managed by Pantomath Capital Management Pvt Ltd, has acquired a 6.5 percent stake in the company. This investment reflects BVF's focus on supporting Indian growth-stage enterprises that promote the "Made in India" ethos. 

Bharat Value Fund, launched in August 2024 under the India Inflection Opportunity Trust (IIOT), has a targeted corpus of Rs 2,000 crore and has raised Rs 1,200 crore from 950 investors so far. The fund primarily focuses on pre-IPO investment opportunities in Indian companies that foster exports, reduce imports, and support rural consumption.  

Founded in 2010, Marudhar Rocks International is India’s largest manufacturer of Premium Engineered Quartz Surfaces (Premium EQS), with an annual production capacity of 2 million square meters across three facilities in Jaipur, Hosur, and Kelamangalam. The company’s product portfolio also includes Premium Stone Plastic Composite Flooring (Premium SPC Flooring). Notably, Marudhar generates 100 percent of its revenue from exports to key markets such as the USA, UK, Canada, and the Middle East, serving prominent global brands.

The company utilizes advanced patented technologies, including Bretonstone Technology, across its facilities. Its ability to manufacture Super Jumbo and Jumbo-sized surfaces sets Marudhar apart in the industry. With over 40 years of experience in the premium surfaces segment, the founding team has positioned the company as a leader in India, achieving significant scale in just five years of operations.

In 2021, Marudhar acquired an Engineered Quartz Surfaces manufacturing facility in Jaipur from ASI Industries Limited, adding an annual production capacity of 6 lakh square meters.

The global market for Premium Engineered Quartz is valued at approximately $25-30 billion, with India being a key exporter, particularly to the USA. The SPC market, estimated at $30 billion globally, is also growing in India due to factors such as increasing urbanization and real estate demand.

Jitendra Kothari, Vikas Kothari, Avinash Mehta, and Ronak Kochar, Directors of Marudhar Rocks International said, " This Rs 150 crore infusion comes at a crucial time as we continue to solidify our position as the largest and most profitable manufacturer of Premium Surfaces in India. The funding will help us enhance production capabilities and expand our market reach. "

Madhu Lunawat, CIO of Bharat Value Fund commented, " Our decision to invest in Marudhar is driven by their impressive track record, strong business model, and commitment to quality and sustainability. We see tremendous potential for further growth and market expansion. "

In FY24, Marudhar recorded revenue of Rs 518 crore, growing at a CAGR of 73 percent from 2020 to 2024, with EBITDA and PAT margins of 36 percent and 27 percent, respectively. The company also reported an average ROE of 46 percent and ROCE of 31 percent during the same period.

Indian couture designer Anamika Khanna’s collaboration with H&M saw an overwhelming response, with nearly the entire collection selling out in just 32 minutes on Myntra.

Venu Nair, CEO of Myntra said, “ Almost all gone in 32 min! Thousands of pieces from the coveted Anamika Khanna X H&M collection sold in double quick time. Totally unprecedented!! The excitement at Myntra HQ is palpable! ”

The collection merges traditional Indian craftsmanship with modern silhouettes, reflecting Khanna’s signature style. Known for her intricate embroidery and creative interpretations of traditional garments, Khanna has spent over three decades redefining Indian fashion on a global scale. " I have always been interested in taking Indian style, textiles, crafts and everything that I grew up with and looking at it in a more modern context. I felt that Indian fashion should not be confined only to India but that it should be shared with the rest of the world, " Khanna stated.

Launched in 1998, Anamika Khanna’s brand has been at the forefront of combining Indian and Western styles. This collaboration with H&M further showcases her dedication to bringing Indian fashion to a global audience, featuring fluid silhouettes, hand-embroidered details, and vibrant prints.

• Anamika Khanna

Daikin Industries Ltd., the world’s largest air conditioner manufacturer, is gearing up for further expansion in India as rising temperatures increase the demand for cooling solutions. In response to this growing necessity, the Japanese company has signed a memorandum of understanding to acquire an additional 33 acres (13.4 hectares) for a new plant near its existing facility in southern India, according to Kanwal Jeet Jawa, CEO of Daikin India, who shared the news from the company’s Osaka headquarters.

" About 93 percent of people in India still don’t own air conditioners and that’s the future market for us ," Jawa said.

India has faced record-breaking temperatures this year, posing significant health risks, affecting agriculture, and potentially impacting economic activity. With a growing middle class, India is rapidly becoming one of the world’s fastest-growing air conditioning markets, expected to overtake the US and become the second-largest after China by 2036, as projected by the International Energy Agency.

Daikin has already seen strong growth in the country, selling approximately 700,000 units in the first quarter of 2024, a 40 percent increase year-on-year in local currency. The company aims to double its sales in India by 2025 compared to 2021 levels.

Jawa expressed confidence about expanding beyond the company’s current three plants in India, as the residential air conditioning market is projected to triple to 30 million units by 2030. Additionally, Daikin plans to scale up production to achieve its goal of exporting air conditioners to 100 countries across Africa, the Middle East, and South America by March 2026.

The convenience of online shopping and installment payment options is also contributing to market growth. Jawa noted that Indian consumers are increasingly seeking quality over low-cost products, stating, “Consumers in India don’t look at cheap products anymore and want value for money.”

Since starting local production in 2009, Daikin has grown to dominate India’s combined commercial and residential air conditioning market. Its key competitors in the residential sector include Tata Group’s Voltas Ltd. and South Korea’s LG Electronics Inc.

Beyond air conditioning, Daikin plans to expand its commercial refrigeration business in India, capitalizing on the growing demand for frozen food since the COVID-19 pandemic. Jawa envisions this segment growing to 10 billion rupees ($119.1 million) annually by 2030. Among Daikin’s clients in this sector is the food delivery service Blink Commerce Pvt.

" Refrigeration is at that place today where air conditioning was probably 30 years ago, " Jawa remarked.

• Air Conditioners

Colgate-Palmolive (India) Limited, a leading name in India's oral care market, has introduced a new product targeting the growing interest in oral beauty. The company has launched its Visible White Purple toothpaste, a first-of-its-kind innovation in India that aims to appeal to young urban consumers. This new product features Purple optic brighteners, which, according to clinical studies, help correct yellow tones in teeth from the first use. The toothpaste is also designed to be enamel-safe for daily use.

Swati Rao, Director of Oral Beauty and Personal Care Marketing at Colgate-Palmolive (India) Limited said, " The beauty and grooming categories are growing fast in urban India. Millions of young Indians are adopting personal care products that help them present their most beautiful version. As pioneers of Oral Beauty in India, we understand the transformative role a whiter smile can play in your beauty journey. Staying committed to bringing science-backed innovations to our consumers, we are excited to launch the Visible White Purple toothpaste. The purple experience is visually stunning and you’ll love the instant shine it adds to your smile. The omni-channel campaign will ensure consistent brand experience across consumer touchpoints, with the aim to position Visible White Purple as a youngster’s ‘must-have beauty hack’, helping you to unlock an instant glow. " 

The product will be available across India through major e-commerce platforms, including Amazon, Flipkart, and Nykaa, as well as leading modern trade retailers like Reliance Retail and Dmart. Additionally, it will be accessible through quick commerce platforms such as Swiggy Instamart, Blinkit, and Zepto. The toothpaste comes in two sizes: 100+20g at an MRP of Rs 190 and 200+40g at Rs 370.

Harsh Shah, Managing Partner at VML said, " It is rare when you get to work on a product that’s bound to revolutionize a particular category. Colgate Visible White Purple is one such game-changing product. It is at the cusp of beauty and hi-science and that’s what makes it a product worth talking about! The campaign aims to establish Visible White Purple toothpaste, which gives you a whiter smile, as the ultimate "glow-up hack". We will bring alive the color theory of ‘purple cancels yellow’ through multiple touchpoints, including influencers across beauty, fashion, entertainment, and lifestyle. ” 

With this new addition to its Visible White range, Colgate-Palmolive (India) Limited continues to strengthen its presence in India's evolving retail and personal care market.

• Colgate-Palmolive (India) Limited

Bhumika Group, a key player in North India’s real estate sector, has announced the appointment of Siddharth Katyal as its new Chief Executive Officer (CEO). With a focus on expanding its presence in Rajasthan and the NCR region, this strategic move aligns with the company’s long-term growth goals in India’s retail and real estate sectors. Katyal, who brings 17 years of leadership experience across various industries, is expected to play a crucial role in driving the company’s future development.

Before joining Bhumika Group, Katyal held senior positions at well-known real estate firms including Omaxe Ltd., Imperia Structures Ltd., and Earth Infrastructures Ltd. He holds a degree from Delhi University and a PGDBM from the Institute of Management Technology, Ghaziabad. His extensive experience and strategic insight will support Bhumika Group’s efforts to strengthen its position in India’s competitive real estate market.

Uddhav Poddar, Managing Director of Bhumika Group said, “ We are excited to have Siddharth on board as our CEO. His leadership and expertise will be instrumental in steering Bhumika Group towards new heights, especially as we continue to expand our presence in the NCR region. ”

Katyal expressed, “ I am honoured to join Bhumika Group at such an exciting time. The company has established itself as a leader in the real estate industry, and I look forward to working with the team to further enhance our offerings and expand our presence in the region. ”

Bhumika Group is known for its innovative and sustainable commercial projects, with a strong presence in Rajasthan and the NCR. The company remains focused on delivering excellence and setting new benchmarks in India’s real estate landscape.

Bollywood star Ranveer Singh has entered into a business partnership with Allied Blenders and Distillers Limited (ABDL), a leading player in India's retail and spirits industry. The new venture, approved by ABDL’s board on 4th September 2024, will focus on offering a portfolio of premium brands, blending global craftsmanship with rich Indian flavors to cater to evolving consumer preferences in India’s retail sector.

" I am delighted to partner with Allied Blenders and Distillers Limited’s unique initiative. This venture is not just about creating and offering premium and luxury spirits, but equally about realizing the aspirations of the Indian consumer. We're blending world-class products, sourcing and craftsmanship with the rich, vibrant flavors of India, creating experiences that speak to people, " said Ranveer Singh, Business and Creative Partner.

In addition to his acting career, Ranveer Singh has gained recognition as a strategic entrepreneur, known for his business foresight and ability to drive new ventures. As part of this partnership, Singh will play a crucial role in shaping the brand's identity and expanding its growth in the luxury spirits market in India.

" At ABDL, we have always believed in the power of innovation. This new venture, with a major personality like Ranveer Singh, represents our commitment to bringing the best to the market. With him as our business partner and creative mentor, we are confident that our luxury products will resonate with consumers, " said Alok Gupta, Managing Director of Allied Blenders and Distillers Limited.

This new initiative marks a strategic shift for ABDL, allowing it to focus on the luxury spirits segment while maintaining its core mass-market brands. The venture aims to drive quicker decision-making, adapt more efficiently to market trends, and leverage specialized marketing strategies for luxury products. With rising demand for premium and luxury spirits in India’s retail industry, the partnership is expected to make a significant impact.

In addition to launching its own brands, the venture will collaborate with Indian start-ups and international brands, capitalizing on ABDL’s established sales and manufacturing networks.

In a move that aligns with the growing emphasis on sustainability in the beauty and retail sectors in India, Maruva and Sarita Handa have announced a groundbreaking collaboration that merges luxury with wellness. This marks Sarita Handa’s entry into the wellness sector through a partnership with Maruva, a brand known for its expertise in African botanical skincare.

Maruva, founded by Geeta and Ashish Chaudhary, is distinguished by its use of indigenous African plants like marula and baobab, which have long been celebrated for their skin benefits. Geeta Chaudhary, Co-Founder of Maruva stated, “ Our mission at Maruva is to empower artisans by creating opportunities that celebrate their craftsmanship while integrating sustainable practices. We believe that true luxury should uplift both people and the planet. ”

This collaboration integrates Maruva’s botanical knowledge with Sarita Handa’s design expertise. Known for her luxurious home decor, Sarita Handa has always used botanical elements in her work. The partnership combines her signature fragrances with Maruva’s botanical richness to create a collection that merges traditional elegance with modern wellness. The packaging of the products reflects this blend of two distinctive homegrown brands.

Sarita Handa commented, “ At Sarita Handa, our commitment to incorporating botanicals into our designs is deeply rooted in our passion for natural beauty and sustainable practices. Our collaboration with Maruva is a perfect example of coming together; combining our passion for textiles with Maruva’s exceptional wellness products. We’re thrilled to merge our expertise to offer an experience that enhances both your home and well-being. This partnership is not just about offering new products; it’s about creating a lifestyle experience that celebrates tradition, sustainability, and holistic well-being. ”

The Maruva x Sarita Handa collection is not just a blend of products but a celebration of shared values, emphasizing personal and environmental wellness. By merging African botanical heritage with Ayurvedic skincare, this collaboration sets a new standard in the luxury wellness market, showcasing the impact of integrating cultural traditions with sustainable practices.

Mercedes-Benz Research and Development India (MBRDI) has announced the expansion of its Sustainability Garage initiative, a platform aimed at fostering collaboration among various stakeholders to promote sustainability goals. This expansion, which underscores the company’s commitment to building a sustainability ecosystem, was unveiled at the Mercedes-Benz Sustainability Dialogue India 2024 in New Delhi. The event brought together industry leaders, government representatives, and experts from various sectors to discuss sustainability topics.

The Sustainability Garage, originally designed to enable research and innovation in climate, environment, and sustainable mobility, will now include two new Centres of Excellence located in Hyderabad and New Delhi. These centres will play a crucial role in advancing sustainability efforts in India’s retail and mobility sectors.

The first Centre of Excellence, the Climate Tech Incubator, will support 25 social enterprises focused on sustainable mobility and environmental innovation. MBRDI will provide seed funding, tailored support, and deep-tech mentorship to these enterprises. Additionally, T-Hub, India's prominent startup incubator, will engage over 500 students in a bootcamp aimed at developing innovative climate tech solutions that contribute to decarbonisation efforts.

The second Centre of Excellence, established in partnership with The Energy and Resources Institute (TERI), will focus on charging infrastructure. It will offer a specialized training program for the maintenance of charging infrastructure, certifying 60 young professionals this year to meet the growing demand in this sector.

Renata Jungo Brüngger, Member of the Board of Management of Mercedes-Benz Group AG for Integrity, Governance & Sustainability said, “Sustainability means creating permanent value for all stakeholder groups. As a global company, we aim to make a positive contribution to society that extends beyond our core business activities. The Sustainability Garage in India aligns with our global corporate citizenship strategy by promoting ecological sustainability and empowering communities. The Indian initiative supports local startups and the next generation of leaders.”

Manu Saale, Managing Director and CEO of Mercedes-Benz Research and Development India, highlighted the significance of the new initiatives, saying, “Mercedes-Benz Research and Development India is committed to leading the charge in sustainable mobility. The new Sustainability Garage projects will be instrumental in driving innovation from India to address some of the most pressing global challenges. We believe that India’s digital R&D talent and pioneering spirit will lead to transformative climate-positive solutions for the world.”

The first Sustainability Garage Centre of Excellence was inaugurated at the Prayoga Institute of Education Research in February 2024. Equipped with advanced facilities, this centre focuses on multidisciplinary research to develop sustainable materials with wide-ranging applications.

The Mercedes-Benz Sustainability Dialogue India 2024, hosted at New Delhi’s Bharat Mandapam, provided a platform for thought leaders and innovators to explore sustainability initiatives shaping the future of mobility. The event featured discussions on decarbonisation, circularity trends, traffic safety innovations, and digital trust. Key speakers included Amitabh Kant, India’s G20 Sherpa and former CEO of NITI Aayog, and other distinguished leaders from various sectors.

Since 2008, Mercedes-Benz has been engaging in Sustainability Dialogues to facilitate active discussions with diverse stakeholder groups. These dialogues, held regularly in Germany, India, China, and the USA, allow the company to gain valuable insights from external experts, furthering its journey toward a sustainable future.

• Mercedes Benz

India, currently ranked 40th in global alcoholic beverage exports, has significant untapped potential in the sector. With increasing global demand for Indian spirits, the Agricultural and Processed Food Export Development Authority (APEDA) is focusing on promoting Indian alcoholic and non-alcoholic beverages internationally. Under the ‘Make in India’ initiative, APEDA aims to boost the exports of Indian spirits, targeting $1 billion in export revenue in the coming years. This strategic move is part of broader efforts to enhance India’s retail footprint in the global market.

Diageo India, a leading player in the Indian alcoholic beverage industry, participated in the International Food and Drinks Event (IFE) in London in March 2024 under APEDA’s guidance. This participation marked a precursor to the UK launch of Godawan, an artisanal single malt whisky. At a recent event, the first batch of Godawan was officially dispatched to the United Kingdom. The ceremony was attended by key figures, including Shri Rajesh Agrawal, Additional Secretary, Ministry of Commerce and Industry, Government of India, Debra Crew, Chief Executive of Diageo Plc, Abhishek Dev, Chairman of APEDA, and Hina Nagarajan, MD and CEO of Diageo India.

Godawan, crafted under the Make in India initiative with an investment of over Rs 200 crore, is produced at Diageo India’s Alwar Distillery, which is the only Alliance for Water Stewardship (AWS) certified distillery in Asia. This single malt whisky represents Indian craftsmanship on the global stage while supporting sustainable agriculture in the Alwar region by sourcing six-row barley from local farmers.

In addition to its economic impact, Godawan contributes to environmental conservation, particularly through efforts to protect the Great Indian Bustard (GIB), an endangered species. Diageo India has restored water bodies across six villages to support GIB habitats and is actively involved in raising awareness among local communities. The company is working with the Rajasthan Forest Department to develop grasslands on 200 acres of land allocated for GIB conservation.

Diageo’s community initiatives extend beyond conservation, focusing on sustainable water management and agricultural productivity in Alwar. The construction of five check dams along the Ruparel River has restored approximately 45,000 cubic meters of water, improving irrigation and significantly increasing farmers’ incomes.

The recent export of Godawan to the UK aligns with India’s broader vision for global trade. The Government of India has set an ambitious target of $2 trillion in exports by 2030, with $1 trillion each from goods and services. This milestone highlights India’s commitment to becoming a leader in the global economy, with initiatives like ‘Make in India’ and Atmanirbhar Bharat playing a crucial role. Godawan’s success story exemplifies India’s potential to innovate and excel on the world stage.

Debra Crew, Chief Executive of Diageo Plc, remarked, “ Diageo is committed to supporting India’s long-term economic development, and the launch of Godawan in the UK represents a landmark moment for Indian craft spirits. With its distinctive quality and exceptional craftsmanship, we’re excited to introduce this award-winning Indian single malt to the UK market. We will continue to invest in innovation and manufacturing excellence in India as part of our long-term strategy. ”

Godawan Single Malt, winner of over 65 international awards, including the best single malt at the London Spirits Competition and Spirits Business World Whisky Masters 2024, sets a new standard for Indian spirits, showcasing the nation’s capability in producing high-quality beverages for the global market.

Raymond Lifestyle Ltd. (RLL), the lifestyle business segment recently separated from Raymond Ltd will make its debut on the National Stock Exchange and Bombay Stock Exchange on September 5th. As a standalone entity, RLL has outlined ambitious growth plans focused on expanding its retail presence across India and increasing its market share in the men’s wear wedding segment.

RLL aims to add 900 new outlets over the next three years, driving a 15 percent Compounded Annual Growth Rate (CAGR). By 2027, the company targets capturing around 7 percent of the rapidly expanding men’s wear wedding market in India. “ We are also launching new categories such as sleepwear and innerwear. Several other categories are also in the pipeline, ” said Sunil Kataria, CEO of Raymond Lifestyle.

Raymond Lifestyle plans to significantly increase its retail footprint by opening an additional 300 Ethnix stores over the next three years. “ We believe that we can achieve unparalleled growth in this wedding segment, significantly consolidating our position as the dominant market leader, ” Kataria added.

With nearly a century of legacy, Raymond currently holds a 5 percent share in the Indian menswear wedding market, estimated to be worth approximately Rs 75,000 crore. The company reported Rs 2,550 crore in sales from its wedding business in the 2024 financial year, which includes Raymond’s wedding and ceremonial attire, along with Ethnix, its Indian ethnic wear brand launched 18 months ago. The company is now focusing on growing its wedding fabric business to become one of the top three global fabric suppliers by the end of the year.

“ Raymond has been in the Lifestyle business for 99 years. We believe that the sum of parts valuation of this business will be exponential. You are going to see a company that makes fabrics, branded apparel, made-to-measure, sleepwear, ethnic wear, home products—all in one, ” said Gautam Singhania, Chairman and MD of Raymond Group.

RLL’s strategy centers on three main areas: strengthening its branded textile core, accelerating apparel and garmenting growth, and building new categories such as ethnic wear, innerwear, sleepwear, and international retail. The company plans to expand its distribution network across India by establishing over 650 Exclusive Brand Outlets (EBOs) in the next three years.

Amit Agarwal, CFO of Raymond Group stated, “ In the next three years, we anticipate Raymond Lifestyle doubling its EBITDA to over Rs 20 billion. We are also looking towards a 12-15 percent sales growth in the lifestyle sector. The aim for Raymond Lifestyle would be to capture around 7 percent market share in the dynamic Men’s-Wear wedding market by 2027. ”

Raymond Lifestyle’s brand portfolio includes well-known names such as ‘Park Avenue,’ ‘ColorPlus,’ ‘Parx,’ ‘Raymond Made to Measure,’ ‘Raymond Fine Fabrics,’ ‘Raymond Ready to Wear,’ and ‘Ethnix by Raymond.’ The company operates one of the largest retail networks in India, with over 1,500 stores across 600 cities and towns.

Godrej Interio, a prominent brand in India’s home and office furniture market and a part of Godrej and Boyce under the Godrej Enterprises Group, is making significant strides in expanding its retail presence within the Indian education sector. The company is launching a range of innovative and customized furniture solutions aimed at enhancing the learning environment across both private and government educational institutions.

With a strategic emphasis on ergonomic design, technology integration, and sustainability, Godrej Interio is targeting an 18 percent market share in the educational furniture sector by FY25. The company’s latest offerings are tailored to meet the dynamic demands of modern classrooms, providing flexible, durable, and functional furniture that supports various teaching methods, from traditional lectures to collaborative and digital learning environments.

Sameer Joshi, Senior VP (B2B) at Godrej Interio stated, “ Education holds the power to shape the world's future. At Godrej Interio, we believe that the learning environment plays a crucial role in shaping the educational experience. Our commitment to innovation and quality drives us to develop furniture solutions that create adaptable, inviting, smart, comfortable, and safe learning spaces. By integrating technology and ergonomic design into our products, we aim to support educators and students in creating dynamic, engaging, and productive learning spaces. These spaces can easily transform to accommodate various teaching methods and learning styles, ensuring that students feel welcomed and secure while using cutting-edge, comfortable furniture. "

Godrej Interio’s educational furniture offerings are designed to meet the evolving needs of modern classrooms. The company provides products in various sizes to ensure ergonomic comfort for students across different age groups. Studies show that 79 percent of students prefer the ability to rearrange furniture to suit individual needs and group discussions, while 94 percent of teachers with flexible classroom layouts believe they can teach more effectively.

In collaboration with several state governments, including Telangana, Andhra Pradesh, Orissa, and Jammu and Kashmir, Godrej Interio has played a key role in improving the quality of educational infrastructure. In the fiscal year 2023, the company delivered nearly 200,000 school furniture units through these partnerships.

Godrej Interio is also at the forefront of integrating technology into its educational furniture solutions, offering tech-enabled furniture that seamlessly blends physical and digital learning. These products feature customizable tech integration options, such as built-in microphones and wire management systems, to support modern educational needs.

• Godrej Interio

Raymond Lifestyle Ltd. (RLL), the lifestyle arm that was demerged from Raymond Ltd. in July, is set to debut on the National Stock Exchange and Bombay Stock Exchange on September 5. RLL has ambitious growth plans as an independent listed entity. These plans include opening 900 new outlets over the next three years and achieving a 15 percent compound annual Growth Rate (CAGR) to capture around 7 percent of the rapidly expanding men’s wedding wear market by 2027.

“ We are also launching new categories such as sleepwear and innerwear. Several other categories are also in the pipeline. We plan to nearly triple our physical presence with an additional 300 Ethnix stores in the next three years. We believe that we can achieve unparalleled growth in this wedding segment, significantly consolidating our position as the dominant market leader, ” shared Sunil Kataria, Chief Executive Officer, Raymond Lifestyle.

With a nearly century-long legacy, Raymond currently holds a leading 5 percent share in the Indian men’s wedding wear market, valued at approximately Rs.75,000 crore. The company is now focusing on expanding its wedding fabric business to rank among the top three global fabric suppliers by the end of the year. In the financial year 2024, Raymond reported sales of Rs. 2,550 crore from its wedding business, which includes Raymond’s wedding and ceremonial attire as well as Ethnix, its Indian ethnic wear line launched 18 months ago.

Gautam Singhania, Chairman and Managing Director, Raymond Group commented , “ Raymond has been in the Lifestyle business for 99 years. We believe that the sum of parts valuation of this business will be exponential. You are going to see a company that makes fabrics, branded, apparel, made-to-measure,  sleepwear, ethnic wear, home products various categories all in one .”

RLL is adopting a three-pronged strategy focused on strengthening its core branded textile segment, accelerating growth in apparel garments, and building new categories such as ethnic wear, innerwear, sleepwear, and international retail. RLL aims to enhance its distribution presence across the country by establishing over 650 Exclusive Brand Outlets (EBOs) within the next three years.

Discussing RLL’s growth outlook, Amit Agarwal, CFO of Raymond Group stated, “ In the next three years, we anticipate Raymond Lifestyle doubling its EBITDA to over Rs. 20 billion. We are also projecting a 12–15 percent sales growth in the lifestyle sector. The goal for Raymond Lifestyle is to capture around 7 percent market share in the dynamic men’s wedding wear market by 2027 .”

Raymond Lifestyle Limited’s brand portfolio includes ‘Park Avenue’, ‘ColorPlus’, ‘Parx’, ‘Raymond Made to Measure’, ‘Raymond Fine Fabrics’, ‘Raymond Ready to Wear’, and ‘Ethnix by Raymond’, among others. Raymond boasts one of the largest retail networks in India, with over 1,500 stores across 600 cities and towns.

Delhi-based convenience retailer The New Shop has forged a strategic partnership with HPCL-Mittal Energy Ltd. (HMEL), a prominent refining and petrochemical company, to establish 24/7 convenience stores at HMEL's upcoming fuel retail outlets. This collaboration was announced in a social media post by HMEL, highlighting the potential impact on customer experience and service standards.

" HMEL and The New Shop have signed a game-changing MoU to elevate customer convenience and satisfaction at HMEL’s upcoming fuel retail outlets ," HMEL revealed in a LinkedIn post, marking a significant milestone in the evolution of convenience retailing within fuel stations.

Under this partnership, The New Shop will bring its round-the-clock retail capabilities to HMEL's fuel stations, offering an extensive range of products along with a fast-food cafe. The initiative aims to enhance the customer experience by providing a one-stop solution for a variety of needs, from snacks and beverages to personal care and grocery staples. " Together, we are setting a new standard for convenience and customer service, paving the way for a brighter tomorrow, " HMEL's post further emphasized, underscoring the forward-thinking nature of this collaboration.

HMEL, headquartered in Noida, is a joint venture between Hindustan Petroleum Corporation Ltd. (HPCL) and Mittal Energy Investment Pte Ltd, Singapore, a company owned by the renowned industrialist Lakshmi N Mittal. The venture is deeply rooted in the energy sector, with operations that span crude oil refining and petrochemical manufacturing, playing a crucial role in India's energy landscape.

The New Shop, founded in March 2019, has rapidly grown into a key player in the convenience retail space. The franchise operates over 57 stores strategically located in high-density areas such as neighborhoods, airports, gas stations, railway stations, and educational institutions. With a strong omnichannel presence, The New Shop caters to a wide array of consumer needs, offering products ranging from snacks, beverages, and personal care items to home care products, pet care supplies, confectionery, tobacco, hygiene essentials, ready-to-eat foods, over-the-counter medications, and grocery staples.

This partnership with HMEL represents a significant step forward in The New Shop’s expansion strategy, positioning the brand to further penetrate the market by tapping into the extensive network of HMEL's fuel retail outlets. By integrating retail convenience into the fuel station experience, The New Shop and HMEL are poised to redefine the standards of customer service and convenience in the industry, creating a more seamless and satisfying experience for consumers across India.

Parle Agro has introduced SMOODH Lassi, a new product in its dairy range. This launch marks a significant development in the Indian dairy sector, aligning with Parle Agro's strategy to innovate and expand within the retail market. SMOODH Lassi builds on the success of the SMOODH flavored milk line, offering a product designed to push market boundaries with high-quality, affordable options. The launch is supported by an extensive multi-channel campaign featuring brand ambassador Varun Dhawan.

SMOODH Lassi offers a creamy, indulgent experience with 50 percent dahi content, providing a smooth and satisfying taste. The lassi combines the traditional flavor with a hint of rose, aiming to deliver a refreshing and comforting beverage suitable for various occasions. The product is packaged in aseptic PET containers, setting it apart in the retail market. Priced at Rs 20 for 180 ml, it offers a six-month shelf life without trans fats or preservatives. Its vibrant packaging is designed to appeal to consumers and stand out on shelves.

Nadia Chauhan, Joint Managing Director of Parle Agro commented, “ Lassi is a beverage deeply rooted in Indian culture with substantial market potential. SMOODH Lassi represents our innovative approach to this classic drink, offering a premium, richer product that blends tradition with modernity. Our campaign with Varun Dhawan aims to position SMOODH Lassi as a leading choice in the lassi market, reflecting our commitment to quality and consumer satisfaction. ”

Parle Agro's strategic move with SMOODH Lassi aims to address the substantial unorganized loose lassi market in India, valued at over INR 3000 crore. The company seeks to establish a national presence in the packaged lassi segment, leveraging its industry expertise to influence and lead the development of the lassi category in India.

Chauhan added, “ Our approach focuses on diversifying our product portfolio to meet evolving consumer preferences and set market trends. The launch of SMOODH Lassi in innovative packaging underscores our commitment to pioneering products that address contemporary consumer needs. ”

SMOODH Lassi will be available across India, with a comprehensive marketing campaign that includes TV commercials, digital platforms, out-of-home advertising, and social media initiatives. The campaign also includes integrations into popular TV shows to enhance visibility and engage a wide audience.

Orion Mall, in collaboration with Epic Quest Entertainment Pvt Ltd, has unveiled a 360 Degree Super Immersive Dome Theatre at its Brigade Gateway location. This new installation marks a significant addition to the retail and entertainment landscape in India, offering visitors a unique cinematic experience. The 8-meter dome, covering 1000 square feet in a 30x30-foot outdoor area and standing at 16.5 feet tall, is equipped with a state-of-the-art projection and sound system designed to deliver exceptional visual and auditory experiences. The theatre, which can accommodate up to 15 people per session, will feature a selection of films such as *Aladdin – The Bachelor Party*, *Moby Dick – Friends to the Rescue*, and *Aztec – Historical Survival*. Each screening will last approximately 10 minutes, and the theatre will operate from 11 AM to 9 PM.

Sunil Munshi, Senior VP Retail, Brigade Group said, " Orion Malls has consistently introduced innovative experiences for our patrons, and this new entertainment offering is expected to resonate well with our visitors. We believe that shopping should offer more than just transactions; it should provide families with opportunities to relax and create lasting memories. The Super Reality Dome Theatre is designed to appeal to all age groups, offering a range of content from fantasy and adventure to action and kids' cartoons. "

Rakesh Anjanappa, Director of Epic Quest Entertainment Pvt Ltd added, " We are excited to bring our 360 Degree Super Immersive Dome Theatre to Orion Mall. This unique attraction will enhance the entertainment options in Bengaluru and create an engaging environment that draws in visitors. We are confident that this innovative theatre will captivate mall patrons and set new expectations for entertainment. "

This initiative by Orion Mall reflects its ongoing commitment to providing diverse and engaging experiences for its customers, reinforcing its position as a leading retail destination in India.

Veira, a prominent ODM and OEM player in consumer electronics and smart TV manufacturing, has collaborated with Croma, India’s leading omni-channel electronics retailer from the Tata Group, to produce Tizen OS smart TVs. This partnership represents a significant development in the Indian television market, enhancing the existing range of Croma TVs. The introduction of Tizen OS marks a milestone in the collaboration between Croma and Samsung, offering a more diverse range of products to Indian consumers. These smart TVs will be available across over 520 Croma retail stores in 180 major cities, as well as online on Croma.com and Tata Neu.

The newly launched Tizen smart TVs by Croma come in sizes ranging from 43” to 55” Ultra HD, featuring Dolby Audio, a frameless design, access to hundreds of apps, and the Samsung TV Plus app. These TVs aim to provide a premium entertainment experience, offering over 100 live and on-demand channels in India without requiring a subscription or additional device. Users can access a variety of content, including news, sports, and entertainment, with personalized recommendations. The TVs also come with a built-in Bixby voice assistant for easy navigation and voice commands. Croma and Veira are also planning to expand their portfolio by developing Tizen TVs in both larger and smaller sizes, including HD/FHD and QLED options.

Mayank Sangani, Chief Business Officer – Own Brand at Croma said, " We are thrilled to introduce the Tizen OS TVs in our new range of Croma TVs, timed perfectly for the upcoming festive season. This launch meets the growing customer demand for certified OS and offers an unmatched viewing experience. Our latest series, designed by Veira, embodies the highest specifications and engineering excellence, ensuring superior quality and design. We are confident that this new range will be well-received by our customers, further enhancing our portfolio to provide more personalized options for our customers' entertainment experience. "

Sharan Maini, MD of Operations at Veira highlighted, " We have established ourselves in India for over 40 years as pioneers in bringing global standards to the Indian television market. Partnering with Croma, a prominent television brand, underscores our commitment to innovation. These TizenOS-powered TVs are poised to generate considerable excitement in the market, and we look forward to further expanding our association with Croma and advancing the Tizen OS experience in India. "

Veira, a trusted manufacturer for over 20 Indian and international brands, continues to deliver a "Made in India, made for India" television experience. The new Croma TizenOS TVs, produced by Veira, are specially designed to offer a seamless and immersive experience, with direct R&D input from Samsung’s engineering team.

Global investor Siddhartha Yog significantly increased his stake in Tata Group's retail giant, Trent Ltd, by acquiring over 10 lakh shares in a transaction worth Rs. 718 crore. The acquisition was conducted through an open market transaction, highlighting Yog's continued interest and confidence in the company’s future prospects.

Siddhartha Yog is the founding partner of Xander Group Inc., an investment firm with a strong focus on emerging markets. Xander Group currently manages assets exceeding $3 billion, making it a formidable player in the global investment landscape. Yog’s decision to invest heavily in Trent Ltd aligns with his strategy of backing companies with robust growth potential in the retail sector.

According to block deal data available on the National Stock Exchange (NSE), Yog purchased 10,09,200 shares, which amounts to a 0.3 percent stake in Trent Ltd. These shares were bought at an average price of Rs. 7,115 per share, resulting in a total transaction value of Rs. 718.04 crore.

The data also reveals that Dodona Holdings was the seller in this transaction, offloading the same number of shares at Rs. 7,115 per share. The sale by Dodona Holdings and the subsequent acquisition by Yog has drawn attention in the market, given the substantial amount involved and the impact on Trent’s shareholding structure.

Following the transaction, the shares of Trent Ltd experienced a minor dip, closing at Rs. 7,151.95 per share on the NSE, a slight decline of 0.09 percent. This small drop in share price came in the wake of the large-scale transaction but did not significantly impact the overall valuation of the company.

This latest acquisition by Siddhartha Yog is part of a broader trend of increasing his holdings in Trent Ltd . Just last month, Yog acquired a total of 9.48 lakh shares, or a 0.27 percent stake, in the fashion and lifestyle segment of Trent. These shares were also purchased from Dodona Holdings Ltd through a series of block deals, with the acquisition price ranging between Rs. 5,220 and Rs. 6,925 per share. The combined value of these earlier transactions was Rs. 649 crore.

Yog’s continued investments in Trent Ltd underscore his confidence in the company’s strategic direction and growth potential. Trent Ltd, known for its strong presence in the fashion and lifestyle sectors, has been a key player in the Indian retail market, and Yog’s increasing stake reflects his belief in the company’s long-term value creation.

Beyond his role at Xander Group, Siddhartha Yog is also the founder and chairman of Virtuous Retail, an institutional owner and operator of community-focused shopping centers across India’s gateway cities. Virtuous Retail’s focus on creating vibrant community spaces aligns with Yog’s broader investment philosophy of backing ventures that not only promise financial returns but also contribute positively to the communities they serve.

This recent acquisition by Yog further cements his position as a significant investor in India’s retail landscape, particularly within the Tata Group’s retail arm, Trent Ltd. As the company continues to expand and strengthen its market position, Yog’s involvement is expected to play a pivotal role in shaping its future trajectory.

Tata Group’s value retail fast fashion brand, Zudio, has expanded its footprint internationally by opening its first store in the United Arab Emirates (UAE). This move is part of Zudio’s ambitious strategy to take its unique blend of affordability and style to global markets.

The 11,000 sq ft store, located in Dubai’s Silicon Central Mall—a key shopping destination owned by Lulu Group—was inaugurated by Noel Tata, Managing Director of Tata International and Vice Chairman of Trent. The event was attended by other officials from Tata Trent, including Chief Executive Officer P Venkatesaulu.

“𝐖𝐞 𝐚𝐫𝐞 𝐭𝐡𝐫𝐢𝐥𝐥𝐞𝐝 𝐭𝐨 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞 𝐭𝐡𝐞 𝐠𝐫𝐚𝐧𝐝 𝐨𝐩𝐞𝐧𝐢𝐧𝐠 𝐨𝐟 𝐙𝐮𝐝𝐢𝐨’𝐬 𝐟𝐢𝐫𝐬𝐭 𝐬𝐭𝐨𝐫𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐀𝐄 𝐚𝐭 𝐒𝐢𝐥𝐢𝐜𝐨𝐧 𝐂𝐞𝐧𝐭𝐫𝐚𝐥 𝐌𝐚𝐥𝐥. This milestone marks the beginning of an exciting journey, bringing Zudio’s blend of style and affordability to fashion enthusiasts in the UAE. This iconic brand, known for its trendsetting designs and unbeatable prices, is now ready to redefine fashion retail in the region. Zudio is more than just a brand; it’s a movement that embraces diversity and inclusivity, offering fashion for everyone. With a wide range of products that cater to various styles and preferences, Zudio is set to become a go-to destination for affordable fashion in the UAE. Let’s keep the fashion vibes alive and continue to create stylish, affordable moments for all, ” said Navaneeth Sudhakaran, General Manager of Real Estate & Property Division – Dubai & Northern Emirates at LuLu Group International.

Zudio, a brand under Trent Ltd., the retail arm of Tata Group, has rapidly risen in India’s fashion industry. Since its inception in September 2016 with its first store on Commercial Street, Bengaluru, Zudio has expanded to 506 stores across India, as per its official website. The brand is eyeing further growth, with IndiaRetailing reporting plans to open up to 200 more stores in the fiscal year 2024-25.

Zudio offers a wide range of fashion, beauty, and lifestyle products for men, women, and children, with most items priced below Rs 1,000.

In addition to Zudio, Tata Trent operates other popular apparel brands such as Westside, Utsa, and Samoh, along with Misbu, a brand specializing in beauty, accessories, and decor. The company also manages the Star chain of hypermarkets and supermarkets and has two joint ventures with Spain’s Inditex SA, bringing the iconic Zara and Massimo Dutti labels to the Indian market.

Verlinvest, a global investment firm, has spearheaded a $35 million investment in Blue Tokai, one of India's leading specialty coffee and bakery brands. This strategic move aims to bolster Blue Tokai’s retail presence in major metro markets and facilitate its expansion into new Tier I and Tier II cities across India over the next three years. The Series C funding round also included participation from existing investors, Anicut Capital and A91 Partners.

Founded in 2013, Blue Tokai has been at the forefront of India's specialty coffee movement. Under the leadership of co-founders Matt Chitharanjan, Namrata Asthana, and Shivam Shahi, the brand has more than doubled its store count in the past year, now operating 130 outlets. The recent funding will be directed towards increasing the number of locations to over 350 within the next 30-36 months, driving innovation in coffee products, and expanding through various retail channels.

Arjun Anand, MD and Head of Asia at Verlinvest said, " We are thrilled to partner with Blue Tokai in their mission to bring specialty coffee to millions across India. Matt, Namrata, and Shivam have brilliantly crafted a cult brand known for its exceptional products and customer experience. Together, we are committed to elevating Blue Tokai to new heights, creating India’s leading coffee chain and delighting consumers with unparalleled quality and service. "

Matt Chitharanjan, Co-Founder and CEO of Blue Tokai added, " With this latest funding, we have the opportunity to bring our passion for coffee to even more people. We will utilize these funds to accelerate our expansion across all channels – from our own cafes to B2B and B2C platforms. By introducing innovative coffee product offerings through new producers, we will enable ourselves to reach new consumers with varied offerings and continue delivering consistent coffee experiences. Our focus remains on providing exceptional coffee experiences while fostering sustainable growth. "

Verlinvest, known for scaling consumer brands in India such as Lahori, Epigamia, Heads Up For Tails, and Wakefit, reinforces its commitment to the Indian retail market with this investment. The partnership with Blue Tokai aligns with Verlinvest’s strategy of supporting high-quality food and beverage brands globally, reflecting its focus on strong growth opportunities within India's consumer ecosystem.

• Expansion Plans

Omaxe Group has launched ‘The Omaxe State,’ an ambitious project set to become the country’s first integrated 5-in-1 destination for sports, retail, hospitality, food, and culture. Covering over 50.4 acres in Dwarka Sector 19-B, New Delhi, the development is being executed in partnership with the Delhi Development Authority (DDA) under a Public-Private Partnership (PPP) model, with an investment exceeding Rs 2500 crore.

The Omaxe State will feature a modern ICC and FIFA-standard International Cricket-cum-Football Stadium with a seating capacity of over 30,000, alongside an International Multi-Sports Indoor Stadium for 2,000 spectators. This project aims to fill a gap in Delhi's infrastructure by introducing world-class sporting events and facilities, paralleling global landmarks like Queen Elizabeth Olympic Park and Singapore Sports Hub.

The development is divided into five distinct districts: The Sports District, The Shopping District, The Hospitality District, The Food District, and The Social District. Among its highlights, the Food District will be India's largest F&B space, inspired by London’s Covent Garden and Carnaby Street, covering over 500,000 square feet. It will include over 40 fine dining restaurants, clubs, sports bars, drive-throughs, a food court, rooftop dining options, and more.

The retail component of The Omaxe State will feature India’s first air-conditioned high-street retail area, extending over 4.2 km, making it the largest private commercial development in Delhi. The ground floor will accommodate 75 percent of the retail space, with additional facilities on the first floor, including a food court and a five-screen multiplex.

Additional amenities will include an exclusive invite-only sports and leisure club, a 75,000 sq. ft. eSports arena, a 148-key hotel, a large banquet space, multi-level parking, an event arena, an Olympic-sized swimming pool, and facilities for various sports.

Mohit Goel, MD of Omaxe Group said, “ Omaxe is humbled by the opportunity to partner with DDA on this transformative project. With ‘The Omaxe State,’ we aim to provide Delhiites with an international-level experience right here in their own city. This development will bridge a significant gap in Delhi’s infrastructure by offering a world-class venue for sports, shopping, and entertainment. ”

Scheduled for completion by 2027, The Omaxe State is expected to generate over Rs 4,200 crore in revenue over its lifecycle. Strategically located near key attractions such as Yashobhoomi, IGI Airport, Bharat Vandana Park, and the diplomatic enclave, the project is poised to attract substantial visitor traffic. The forthcoming Metrolite Light Rail System will further improve accessibility, setting a new standard in urban development for Delhi.

MARS Cosmetics, a prominent name in the beauty industry, has announced a strategic partnership with Shoppers Stop, one of India’s leading retail chains. This collaboration aims to make MARS' high-quality beauty products more accessible to customers throughout India. In the coming days, MARS products will be available in seven Shoppers Stop locations across key cities, including Ahmedabad, Pune, Bangalore, Kolkata, Vijayawada, Noida, and others.

This partnership highlights MARS’ focus on enhancing customer access and convenience within the retail sector in India. The company has plans to expand its presence to 40 Shoppers Stop stores nationwide by the end of this fiscal year, offering a wide range of beauty products to customers across the country.

Rishabh Sethia, Director and Business Administrator of MARS Cosmetics stated, " We are excited to collaborate with Shoppers Stop, a brand that shares our commitment to quality and customer satisfaction. This partnership aligns with our mission to make MARS Cosmetics accessible to beauty enthusiasts across India. With our products now available at Shoppers Stop, we're confident that our customers will enjoy a seamless shopping experience, and we look forward to expanding our presence even further in the coming months. "

MARS Cosmetics is recognized for its 100 percent vegetarian and cruelty-free beauty products, designed to meet the needs of modern consumers. The collaboration with Shoppers Stop is set to strengthen MARS' retail footprint, making it easier for customers to access their favorite beauty products across India.

Emami Limited has entered into a binding agreement to acquire the remaining 49.60 percent stake in Helios Lifestyle Pvt Ltd, the company behind the premium men’s grooming brand, The Man Company. With this acquisition, Emami will gain 100 percent ownership of Helios, a subsidiary since Emami acquired a 50.40 percent stake in the company.

The Man Company is a digital-first lifestyle brand that offers a wide range of men’s grooming products, including fragrances, skincare, haircare, body care, and beard management. These products are available both online and offline, across various marketplaces, including the brand’s website, app, Exclusive Brand Outlets (EBOs), and modern trade chains. The brand is recognized for its product portfolio inspired by nature, made with natural ingredients, and free of harmful chemicals.

This acquisition is expected to enhance Emami’s presence in India’s rapidly growing retail market for premium male grooming products, where Indian men are increasingly investing in their appearance to stand out in a competitive environment. The male grooming segment offers significant potential for innovation and growth, a space where Emami has already established a presence with its Fair and Handsome brand.

Harsha V Agarwal, Vice Chairman and MD of Emami Ltd stated, " We had adopted the route of strategic investments in new-age startups very early to leverage online opportunities brought about by rapid digitalization to incubate new engines of growth. These strategic investments help us to have footprints in emerging segments that align with evolving consumer preferences. The Man Company brand was our first strategic investment in 2017, which has been extremely fruitful, with the company becoming our subsidiary in 2022. We are happy to have not only invested in The Man Company as we could foresee its huge potential, but equally impressed and happy with the promoter’s vision and commitment towards making it a formidable brand. With the completion of 100% acquisition of the Company, we are excited to take the brand to its next level of growth. ”

Agarwal also indicated that Emami would continue to explore similar strategic investment opportunities that align with its existing business lines.

Hitesh Dhingra, Co-Founder of Helios Lifestyle said, " As we embarked on our journey, we noticed a shift in men's grooming needs, with more men recognizing the importance of looking and feeling their best. Seeing this untapped potential, we took the opportunity and started the brand and partnered with Emami as a strategic investor in 2017. Within a short span of time, The Man Company has become a key player in the men’s grooming segment in India. As we took the brand to a new level over the last few years, we now expect it to continue its growth trajectory with Emami, who can accelerate the same further and make The Man Company one of the leading brands in the segment. ”

Bhisham Bhateja, Co-Founder of Helios Lifestyle added, " We enjoyed our journey with Emami, who came on board as a strategic partner and guided us, and together, we took the brand to a new level. We believe the brand has great potential and would love to see The Man Company as a global brand under Emami. "

The acquisition positions Emami to further capitalize on the growing demand for male grooming products in India’s retail sector, potentially making The Man Company a leading brand in the market.

• Acquisition
• The Man Company

Marks & Spencer (M&S) has announced the appointment of Stephen Smy as the new Managing Director for its Indian operations, succeeding Ritesh Mishra, who left the company in April. Smy, a veteran of M&S with approximately 26 years of experience in various roles, officially began his tenure in the India role in May, as indicated on his LinkedIn profile. He steps into the position at a crucial time for the retailer, following Mishra's departure to join Landmark Group as Deputy Chief Executive of the India department store business, Lifestyle.

Smy's appointment marks a continuation of M&S’s tradition of having expatriate leadership in India. He follows in the footsteps of Mark Ashman and James Munson, who previously headed Marks and Spencer Reliance India Pvt Ltd., the joint venture between the UK retailer and Reliance Retail. Smy brings a wealth of experience to his new role, having most recently been responsible for store launches and trading projects at M&S. Prior to this, he served as the Country Manager for M&S in the Czech Republic for about four years until 2022, a role that provided him with extensive international retail experience.

His arrival comes at a challenging juncture for the Indian retail market, particularly in the fashion and lifestyle sectors, which are currently grappling with a significant slowdown in business amid a period of tepid consumer sentiment. Smy takes over from Mishra, who left after a long and impactful 13-year tenure with M&S. During Mishra’s leadership, Marks and Spencer expanded its footprint in India, navigating a competitive retail landscape.

Marks and Spencer Reliance India operates more than 100 department stores across the country. Despite this extensive network, the company faces intense competition from other global fashion retailers such as Zara, H&M, and Uniqlo. Smy's new role will involve steering M&S through this competitive environment, aiming to strengthen the brand’s position in the Indian market and drive growth amidst evolving consumer trends.

• Marks & Spencer

Godrej Consumer Products Ltd (GCPL) has introduced an innovation in India's retail bodywash segment, valued at approximately Rs 900 crore. The company has launched the Cinthol Foam Bodywash under its Cinthol brand, featuring a foam-based formula that eliminates the need for a loofah. This new product is designed to be easily rinsed off, addressing a common concern with traditional body washes that require more water.

According to Mintel research, 90 percent of Indian consumers still prefer soap for their daily bathing routine, while only 9 percent use body washes, shower gels, or shower creams. Factors such as price, the added cost of loofahs, and the time required for bathing have hindered the adoption of body wash products in India. Additionally, loofahs can harbor germs, further deterring consumers.

GCPL’s latest product, the Cinthol Foam Bodywash, is developed to address these concerns, making luxurious bathing more accessible for everyday use. The product dispenses instant foam, creating a rich lather that effectively cleanses the skin.

Neeraj Senguttuvan, Head of Marketing (Personal Care) at Godrej Consumer Products Ltd said, “ The Indian bodywash market is growing as consumers seek to enhance their daily routines with a more sensory and luxurious shower experience. Our latest innovation, Cinthol Foam Bodywash, was developed to meet this demand, making luxurious bathing an everyday indulgence. This innovative formula dispenses instant foam, creating a rich lather that effectively cleanses and leaves the skin feeling exceptionally clean and pampered. "

The Cinthol Foam Bodywash is available in two fragrances, Original and Lime, offering a refreshing shower experience. Its foam-based formula eliminates the need for a loofah and provides a thorough cleanse, leaving the skin soft and smooth. The product also offers a long-lasting deo fragrance, making it suitable for all skin types and age groups, and ideal for both men and women.

To promote the new product, GCPL has launched a television campaign conceptualized by Lightbox, the in-house creative studio of Godrej Consumer Products Ltd. The advertisement features a playful scene where a girl and a group of monkeys enjoy the Cinthol Foam Bodywash together under a waterfall, highlighting the convenience and fun of using the product without a loofah.

Gaurav Kumar, Lead Creative Strategist at Lightbox added, “ The TVC showcases a fun video of a girl and monkeys enjoying the foam body wash together, highlighting how easily it rinses off. It emphasizes the 'soap in a bottle' format, which makes it convenient to use anywhere without the need for a loofah. This campaign reflects our commitment to engaging storytelling that connects with our audience in a fun and relatable way. ”

Cinthol Foam Bodywash is priced at an MRP of Rs 120 for a 200ml bottle, offering an affordable option for consumers looking to upgrade from traditional soap. With its invigorating fragrances and easy-to-use format, the Cinthol Foam Bodywash provides a refreshing and confident start to the day, aligning with the growing demand for body wash products in India’s retail market.

Gillette India Ltd. has announced a substantial 26.4 percent increase in profit after tax (PAT) for the June quarter, reaching Rs 115.97 crore. This represents a significant improvement from the Rs 91.75 crore reported during the same period last year. The company, which follows a financial year running from July to June, disclosed these figures in a recent filing with the Bombay Stock Exchange (BSE).

In addition to the PAT growth, Gillette India’s revenue from operations rose by 4.17 percent, reaching Rs 645.33 crore for the quarter, up from Rs 619.44 crore in the previous year. This uptick in sales was driven by a combination of a strong product portfolio, solid brand fundamentals, and effective retail execution strategies. The company attributed its enhanced PAT to robust sales growth during the quarter, reflecting its successful market strategies and consumer demand.

The company reported a decrease in total expenses, which fell by 1.17 percent to Rs 494.68 crore in the June quarter. This reduction in expenses contributed positively to the overall profitability. Within its revenue segments, Gillette India saw a 7 percent increase in the grooming segment, which brought in Rs 519.68 crore. Conversely, the oral care segment experienced a decline of 6.28 percent, generating Rs 125.65 crore for the April-June period.

Overall, Gillette India’s total income, which includes other income sources, increased by 4.11 percent to Rs 649.91 crore. For the financial year ending June 30, 2024, the company reported a notable 15.75 percent rise in PAT, amounting to Rs 411.70 crore. Revenue from operations for the financial year also grew by 6.3 percent, reaching Rs 2,633.085 crore, reflecting the company's strong performance across its product lines.

In addition to these financial highlights, Gillette India’s board of directors has recommended a final dividend of Rs 45 per equity share for the fiscal year ending June 2024. This proposed dividend is subject to approval by the shareholders at the upcoming annual general meeting (AGM).

On Tuesday, Gillette India Ltd.’s shares were trading at Rs 8,993.90 on the BSE, showing a modest increase of 0.24 percent from the previous close. This positive movement in the stock price aligns with the company’s strong financial performance and investor confidence.

• profit after tax
• Annual Profit

Celio, the French menswear brand, has appointed Rejoy Rajan as its new Head of Marketing & PR for India, a strategic move to strengthen its retail presence in the country. Rajan, a seasoned marketing professional, brings over 16 years of experience in brand management, marketing strategy, customer experience, and digital marketing within the retail industry.

Rajan has a proven record of driving innovation and growth in the brands he has managed. His career includes key marketing roles at reputable companies such as JKHC, Diageo, JWT, and Arvind Fashions. His experience spans both digital and traditional marketing ecosystems, equipping him with the skills necessary to enhance Celio India's consumer engagement.

In his new role at Celio India, Rajan will lead the men's fashion label's Marketing Department, overseeing key areas such as marketing and public relations across various platforms. 

" We are thrilled to welcome Rejoy to our leadership team to spearhead our brand strategy and integrated marketing efforts. As we continue our rapid growth and aim to enhance our consumer presence in India, Rejoy's extensive experience and proven track record across the industry make him the ideal leader to elevate our brand narrative and drive greater visibility and impact, " said Satyen Momaya, CEO of Celio India.

Rejoy Rajan stated, " It is an absolute honor to be associated with an iconic French brand like Celio. The brand has a strong presence in the country, and I am keen to further strengthen its footprint and engage with the Gen Z and Millennials while increasing market share. I eagerly look forward to learning and growing with the brand and building a community of consumers who resonate with the brand’s ethos. " 

With this appointment, Celio India aims to further solidify its position in the Indian retail market, leveraging Rajan's expertise to enhance its marketing and PR strategies.

The family trust of Balkrishan Goenka, the promoter of Welspun Living, divested a 3.9 percent stake in the company, raising Rs 781 crore through an open market transaction. This move comes as part of the ongoing financial strategies of the Welspun Group, which has been actively managing its portfolio to align with market conditions and investor expectations.

Balkrishan Goenka, who serves as the trustee of the Welspun Group Master Trust, orchestrated the sale of 3,80,81,706 shares, amounting to a 3.92 percent stake in Welspun Living. The shares were sold at an average price of Rs 205.21 per share, resulting in a transaction value of Rs 781.47 crore, according to block deal data from the National Stock Exchange (NSE).

At the close of the June quarter, the promoter and promoter group entities held a commanding 70.50 percent stake in Welspun Living, highlighting the substantial influence the Goenka family and associated entities have over the company . This recent divestment slightly reduces their shareholding but remains significant in the broader context of the company’s ownership structure.

The shares attracted significant interest from institutional investors, with key buyers including Aditya Birla Sun Life Mutual Fund, SBI Life Insurance, Authum Investment & Infrastructure, Copthall Mauritius Investment, Ghisallo Master Fund LP, Indus India Fund Mauritius, and Norway’s Government Pension Fund Global. The involvement of such prominent investors underscores the confidence in Welspun Living’s long-term prospects despite the immediate dip in share prices.

Welspun Living, a core entity of the diversified Welspun Group, has built a strong reputation in the home textile industry. The company specializes in manufacturing and marketing a wide range of products, including bed linens, towels, and rugs, which are sold both domestically and internationally. Over the years, Welspun Living has established itself as a leader in the sector, known for its commitment to quality and innovation.

Despite the strategic sale, the company’s stock saw a decline in the market, with shares dropping by 5.05 percent to close at Rs 196.80 on the NSE. This drop reflects the market's immediate reaction to the substantial offloading of shares but may also present an opportunity for investors looking to capitalize on the company’s long-term potential.

Overall, this transaction is a significant event for Welspun Living, as it marks a key shift in the ownership dynamics while also signaling continued confidence from major institutional investors in the company’s future growth.

• Home decor services
• Welspun group

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