Honasa Consumer Ltd., the holding company of Mamaearth, The Derma Co., Aqualogica, Dr Sheths announces the strategic acquisition of the assets of CosmoGenesis Labs (CosmoGenesis Cosmetics a sole proprietorship firm). With this acquisition, Honasa takes a significant leap in research driven innovation and underscores the capabilities to stay ahead of the curve in terms of … Read more
BankBazaar has emerged as the highest-funded startup in April, securing $9.6 million in investments. The fintech sector in India attracted $29 million in April, bringing the total investments in CY2024 to $203 million, according to data compiled by BFSI consulting firm The Digital Fifth. A significant portion of this funding was directed towards companies specializing … Read more
Dharampal Satyapal Foods Ltd. (DSFL), the confectionery arm of DS Group, has achieved a significant milestone by surpassing INR 1,000 crores in annual sales turnover for FY 2023-24. DS Group is the second-largest confectionery player in the non-chocolate category and one of the largest and fastest-growing Indian confectionery companies. It holds a leadership position in … Read more
Millions of young Indians from smaller towns and villages chase their dreams in bustling metros like Mumbai, Delhi, and Bangalore. These cities offer career opportunities, but at a steep cost. Exorbitant rents, high living expenses, and long commutes eat away at hard-earned salaries. The High Price of Opportunity: A recent report by the National Housing … Read more
Superfoods Valley, a leading nutrition and food-tech start-up headquartered in Bengaluru, announces the launch of its second product, Good Monk: Healthy 50+. This scientifically formulated nutrition mix addresses issues related to gut health, energy levels, bone health, and mental function. It’s packed in an easy-to-carry small sachet and harnesses the power of 20 carefully selected Nutrients … Read more
Hinduja Global Solutions (HGS), a prominent player in the business process management (BPM) and digital media industries, has announced its unaudited financial results for the first quarter of the fiscal year 2024. Listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), HGS has shown commendable growth and adaptability in the … Read more
Pristyn Care, the leading healthcare provider, is delighted to announce significant employee expansion in the last quarter. The company has strengthened its workforce by welcoming 600 talented individuals on board. To fuel its expansion, Pristyn Care has strategically hired 500 care coordinators, strengthening its operations and driving business growth. Additionally, the company has brought on … Read more
TVS Credit Services Limited, a leading NBFC in India, has recently disclosed its unaudited financial results for the first quarter of FY24, concluding on June 30, 2023. During this period, the company’s Assets Under Management (AUM) reached an impressive Rs. 21,924 Crore, marking a significant increase of Rs. 6,528 Crore from the previous year’s June … Read more
B Soundararajan and GB Sundararajan, prominent figures in India’s poultry industry, have risen to become some of the wealthiest poultry farmers in the country. Their remarkable journey began back in 1984 when they embarked on their poultry business venture with a modest initial investment of Rs 5000. The location of their first poultry farm was … Read more
During the first half of 2023, the Indian Startup Ecosystem faced a significant setback in venture capital (VC) funding activity, resulting in a noticeable impact on the overall value, as per GlobalData, a prominent data and analytics company. The report highlights that a total of 568 VC funding deals worth $3.7 billion were announced in … Read more
In the vibrant city of Chandigarh, a local pizza brand called La Pinoz Pizza emerged. Despite its name and appearance suggesting otherwise, this brand had its origins right in the heart of the city. It all began in January 2011, when La Pinoz Pizza opened its doors in Sector-9, Chandigarh. This small establishment, known as … Read more
Mamaearth, a popular direct-to-consumer brand, has made the decision to lay off employees within its parenting content platform called Momspresso. The layoffs will impact around 80-100 employees. According to The Hindu Business Line, Mamaearth acquired a majority stake in Momspresso for ₹152.3 crore in 2021. Momspresso operates different segments, including a user-generated content platform, brand … Read more
Vikas Lifecare Limited is pleased to announce that its subsidiary company Genesis Gas Solutions Pvt. Ltd. (Genesis) enters into Joint Venture Agreement with Indraprastha Gas Limited (IGL) to set up India’s first Integrated Smart Meter Manufacturing Plant with Capital Expenditure of Rs. 1100 millions. IGL and Genesis joined hands to establish India’s first Integrated State-of-the-art Smart … Read more
A multi-brand two-wheeler workshop chain called SpeedForce has been acquired by Bengaluru-based ReadyAssist, a roadside assistance business, for $10 million in cash and equity. The announcement comes two months after it secured $5 million in a fundraising round headed by Howen International Fund, SPC. With this, ReadyAssist hopes to compete in India’s largest network of … Read more
Instalogist, a truck booking app and cargo marketplace platform for long-haul transportation, has been acquired by Bengaluru-based Vahak, a transport community business, for an undisclosed sum. According to Vahak, the acquisition will allow them to grow faster and expand their network, thus enhancing their ability to support the Indian road transportation industry. Through its Truck-&-Load … Read more
To commemorate National Startup Day 2023, a unique app was launched by India’s leading non-profit, Bharatiya Yuva Shakti Trust. An Android-iOS mobile application, the platform aims to bring grassroots entrepreneurs from across India together on a single platform. Entrepreneurs who were extended a loan and mentored, as well as those who had been counselled only, … Read more
