SuneeraTandon
Stories by SuneeraTandon
India: Advent merges portfolio firms Dixcy and Gokaldas to create Modenik Lifestyle
The merger signals consolidation in the innerwear and casual wear segments.
India’s ITC makes first D2C investment with 16% stake buy in Mother Sparsh
ITC will pay $2.7 million for the stake.
India: KKR-backed Vini Cosmetics ropes in PepsiCo’s Vishal Kaul as CEO
Kaul will work closely with Vini’s board of directors to execute the company’s growth plans, including new products and categories.
India: Jubilant Foodworks to buy 35% in food ordering platform Hashtag Loyalty
Hashtag Loyalty owns the food ordering platform Thrive.
RIL unit to acquire 40% stake in Indian ethnic wear designer Manish Malhotra’s label
The Reliance unit, RBL, houses 60 brands and has a retail footprint of over 1,339 doors.
India: Cloud kitchen operator Rebel eyes offline food services market
Rebel Foods became a unicorn this week after securing $175 million in funding.
Indian personal care brand MyGlamm raises $34m Series C led by Trifecta Leaders Fund
Good Glamm Group is also planning a stock market listing in FY24.
Future Group’s retail operations may struggle after India’s top court stalls RIL deal
Amazon argued that the deal violated its investment agreement with Future Group.
Indian social commerce platform Trell raises $45m from Mirae Asset, H&M, others
Trell’s user base swelled as India’s ban of Chinese short video app TikTok came into force last year.
Flipkart unit, Ace Turtle JV get licensing rights for Toys’R’Us in India
Walmart-backed Flipkart Group will now compete with Reliance Brands that owns premium toy chain Hamleys.
