The Good Glamm Group acquires majority stake in Twinkle Khanna's Tweak India
Tweak India, based in Mumbai, will operate under Good Media Co, led by Priyanka Gill, co-founder of the Good Glamm Group and CEO of Good Media Co.
Aditya Birla Group’s TMRW to invest Rs 500-600 crore in 10-12 D2C brands by year end
The house of brands venture aims to become a $1 billion business and has already invested around Rs 290 crore on eight brands.
Packaging as a service: This start-up is looking to replace single-use plastic food containers
InfinityBox, started by IIT Kharagpur graduates Shashwat Gangwal and Keshav Godala, has been piloting the use of reusable Tupperware-like containers with some restaurants in Bengaluru and Mumbai
CoinDCX publishes Proof of Reserves, CEO Sumit Gupta says exchange will take more steps towards transparency
Following the fall of the erstwhile second-largest global crypto exchange FTX, its token FTT and the subsequent bankruptcy, debates have picked up around the need for exchanges to be more transparent.
Swiggy's food delivery GMV surges to $1.3 billion in 6 months of 2022: Prosus
As per the report, total quick commerce and gross merchandise value grew 20 times and 15 times respectively during the first six months of this year.
Tea cafe chain Chai Point aims for IPO in 18-24 months
Its brewing machines, through which it is unlocking new partnerships, come with an Android software where consumers’ tea-related preferences can be customised through an app and saved for the future to ensure consistency.
Zomato begins layoffs across functions; plans to shrink workforce by 4%
At least 100 employees have been already impacted across functions such as product, tech, catalogue and marketing. The company plans to layoff atleast 4 percent of its total workforce.
Binance-FTX saga will have ripple effect on regulation, hiring, confidence: Indian crypto founders
In India, a mix of regulatory uncertainty, hefty taxation, and declining cryptocurrency prices have taken a toll on startups, exchanges, and companies in the sector.
Employees abandon the crypto dream for more stable, traditional jobs
Crypto entities seek new growth avenues as employees depart amid uncertainty
How Instagram Reels is tripping up small sellers in India
Small sellers are finding it difficult to make videos to promote their products, given the costs and efforts, while buyers are left searching for quality and desired products.
Tata-backed fitness chain Cult.fit gears up to float IPO in 12-18 months
The firm has also grown its revenues by 50 percent after the pandemic is now operationally profitable. On the average, a fitness centre sees around 250-300 footfalls. Online classes contribute to 10 percent of the overall business
Nischal Shetty's Shardeum raises seed round of $18.2 mn at a $200 mn valuation
Shetty expects the network to grow over the next 3-4 years, as the ecosystem moves from exchanges to decentralised products. The network also plans to cap the gas fee at Rs1-2
With Flipverse, Flipkart brings shopping into the metaverse
Flipkart has already tied up with around 20 brands for Flipverse. Some of the brands on the list are Colgate, Lavie, Noise, Puma, Noise, Nivea, Tokyo Talkies, Campus, VIP, Ajmal Perfumes, Himalaya and Butterfly India.
Fireside Ventures is latest India-dedicated VC to raise its largest-ever $225-million fund
Fireside Ventures is the latest VC firm to raise a large India-dedicated fund, joining the likes of Sequoia Capital, Accel, Elevation Capital and Matrix Partners
Licious bets on 'house of brands', launches plant-based meat brand UnCrave
India’s plant-based meat sector is expected to grow to $400 million over the next two years and there are more than 200 such meat, dairy, egg and ingredient startups in the country, Plant Based Foods Industry Association has said
Meesho beats Amazon in festive sale order volumes: Report
Overall, the e-commerce players sold goods for $5.7 billion in the first week of the festive season in India. The sale was led by mobile phones which constituted 41 percent of the total sales. Fashion, meanwhile, contributed 20 percent which was 48 percent higher than last year’s festive sale.
WazirX lays off 40% of its staff amid crypto winter
This comes a week after the exchange said that the Directorate of Enforcement (ED) had unfrozen its bank accounts, allowing the platform to resume banking operations after almost a month.
Neo-banking crypto startup Juno raises $18 million led by ParaFi Capital
Founded by three Indian entrepreneurs Varun Deshpande, Ratnesh Ray, and Siddharth Verma, the startup is also backed by Balaji Srinivasan (ex-CTO of Coinbase) and Surojit Chatterjee (CPO of Coinbase), Ryan Selkis (Founder, Messari), Sandeep Nailwal and Jaynti Kanani (Founders of Polygon).
Despite few glitches, ONDC's Bengaluru rollout takes off
According to data as per ONDC, 161 orders were placed on the network across Paytm, IDFC, Spicemoney, Mystore which are the buyer apps.
The meat category suffers due to India's cultural hypocrisy: Licious co-founder
The firm faced a storm of resistance from VCs, or 'vegetarian capitalists,’ as the founders called them. Licious co-founder Abhay Hanjura says that meat continues to be carried surreptitiously in black plastic bags, like sanitary pads, condoms, and alcohol, even though a majority of Indians consume meat.
Flipkart, Amazon return to deep discounts, mega ad spends to kickstart festive sales
Sellers on e-commerce marketplaces see 2-5 times jump in demand, compared to the tepid sales in the last few months. But they are unhappy over high costs of keywords, lower average selling prices and delayed dispatches
Festival-season sales kick off; here's how e-commerce companies have readied themselves to hit the road
For e-commerce players, there are concerns about inflation impacting consumer purchasing decisions, with the added worry of people being able to freely shop offline for the festive season after two years.
Zomato cracks the whip on cloud kitchens running multiple brands
Zomato has said that if more than 10 brands operate out of a single location, it will manually check the locations of these kitchens
A cloud kitchen with 200 brands on Zomato and Swiggy. What's cooking?
The cloud kitchen business has grown rapidly in recent years, with the market size expected to be close to $3 billion by 2025. However, there needs to be greater oversight of the working conditions of these establishments.
- How OPEC output cut target & G7 price caps are affecting crude oil prices Watch more
- Who is Elon Musk's right-hand man Jared Birchall? | All you need to know Watch more
- The Tenant with an affordable rental next to India's most expensive office hub Watch more
- World Can’t Ignore India: Jaishankar | EAM On India’s Stature As World Leader | India G20 Presidency Watch more
- 2022 Audi Q3: Segment leader or latecomer? | The Drive Report Watch more