Home
/
TFW Bureau

TFW Bureau

Lenskart witnessed a remarkable surge in sales for FY23, exceeding a staggering 150%, bringing it closer to the INR 4,000 cr

TFW Bureau Apr 26 2024 - 1 min read

Lenskart, 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 ...

Share
Lenskart eyeing $5 billion valuation, in talks with Temasek, Fidelity for $200 million infusion

TFW Bureau Apr 25 2024 - 1 min read

Singapore’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 ...

Share
Reid & Taylor opens at Ghatkopar, Mumbai

TFW Bureau Apr 24 2024 - 1 min read

In 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, ...

Share
PayU gets RBI’s in-principle nod to operate as payment aggregator

TFW Bureau Apr 24 2024 - 1 min read

Fintech 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 ...

Share
Liberty to expand its footprint, eyes tier II and III markets

TFW Bureau Apr 23 2024 - 1 min read

Liberty is one of the world’s leading manufacturers of leather footwear and has a presence in more than 25 countries across the globe. Within India itself, Liberty has a footprint in 122 cities via 165 company-owned units and 250 franchise units. And now the brand aims to add 50 outlets year on year ...

Share
Growing at 18%, Reliance Retail's revenue to surpass Rs 3 lakh crore in FY24

TFW Bureau Apr 23 2024 - 1 min read

Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, on Monday reported a 17.8 per cent increase in its annual revenue at Rs 3.06 lakh crore in FY24. In the fourth quarter ended March this year, Reliance Retail's consolidated gross revenue stood at Rs 76,627 crore, up 10.62 per cent ...

Share