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TFW Bureau Apr 29 2024 - 1 min readAs per reports, India Assist, the pioneer in real-time travel assistance services, has announced the expansion of its franchise model to Jammu and Kashmir, in a bid to enhance traveller experience. India Assist will collaborate with key travel agents across prominent areasto provide seamless and reliable travel assistance to explorers, tourists, and travellers. The franchise ...
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TFW Bureau Apr 26 2024 - 1 min readIndian retailer FirstCry is set to withdraw its papers for an up to $500 million IPO as early as next week, after India's markets regulator raised questions over key metrics it disclosed to investors, said three sources with direct knowledge of the issue. FirstCry, backed by SoftBank, TPG and India's Mahindra and Mahindra sells ...
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TFW Bureau Apr 26 2024 - 1 min readLenskart, led by Peyush Bansal, saw its sales approach the INR 4,000 crore milestone in the fiscal year ending March 31, 2023. The Delhi-NCR startup disclosed sales of INR 3,788 crore for FY23, marking a notable 152% surge from INR 1,502.7 crore in the preceding fiscal year. The company predominantly generated 95% of its revenue ...
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TFW Bureau Apr 25 2024 - 1 min readSingapore’s Temasek and US’ Fidelity are in discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, as per an official report. Temasek (which is already an existing investor in Lenskart) is expected to lead the investment round with $125-150 million as per reports, while ...
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TFW Bureau Apr 24 2024 - 1 min readIn a recent social media post by a top company official of Reid & Taylor, Mumbai-based textile manufacturer Reid & Taylor Apparel has opened its 2nd store at Vallabagh Lane, Ghatkopar, Mumbai. “Today we opened our 2nd store at Vallabagh Lane , Ghatkopar, Mumbai. Mr JD Barman, Director, Textiles Commitee, Ministry of Textiles graced the occasion,” said Subrata Siddhanta, ...
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TFW Bureau Apr 24 2024 - 1 min readFintech firm PayU has received an in-principle approval from the Reserve Bank to operate as a payment aggregator, the company said on Wednesday. In January 2023, RBI had returned applications of Prosus Group firm PayU and asked it to resubmit them within 120 days. With in-principle approval in place, PayU can now onboard new ...