Top Stories

Consumer sentiment ‘weak’ for buying festive clothes, this festive season: CMAI survey

TFW Bureau Sep 30, 2024 - 2 min read

According to a survey conducted by the Clothing Manufacturers Association of India (CMAI), festive season 2024 is expected to have ‘weak’ consumer sentiment for clothing. CMAI says 63% of respondents anticipate either the same or lower sales of clothing and apparel compared to last year. Of these, nearly 25% expect sales to drop as...

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Peter England strengthens retail presence in Nepal, opens new store

TFW Bureau Sep 28, 2024 - 1 min read

Leading menswear brand under Aditya Birla Fashion and Retail Ltd, Peter England, has launched its new flagship store in Kathmandu, Nepal and thus, expanded its retail footprint in the neighbouring country. The new 750 sq ft store in Kumaripati, Kathmandu, offers a wide range of men's clothing, including shirts, trousers, t-shirts, suits, and...

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31% of urban Indians now use quick commerce for grocery: NielsenIQ report

TFW Bureau Sep 28, 2024 - 1 min read

Quick commerce has emerged as a pivotal growth driver in grocery shopping as 31 per cent of online shoppers now rely on instant delivery platforms and 39 per cent for their top-up purchases, according to a report from NielsenIQ (NIQ). The report is based on a survey base of 4,500 consumers...

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Up to 15% revenue growth expected for fashion retailers in FY25: Icra

TFW Bureau Sep 27, 2024 - 2 min read

Fashion retailers are likely to record revenue growth of up to 15 per cent in FY25 on the back of network expansion, according to a report by ratings agency Icra. The network expansion of fashion retailers would support revenue increases in the current fiscal year despite inflationary headwinds, said Icra, while giving a "stable...

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Mobileware Technologies Raises INR 15.6 Crore from Zaggle

TFW Bureau Sep 27, 2024 - 2 min read

Mobileware Technologies, a known name for digital payment solutions, has secured an investment of INR 15.6 crore from Zaggle, a prominent player in the fintech and SaaS space. Lastaki Advisors and Khaitan & Co were the advisors to Mobileware for the transaction.The newly acquired funds will be utilized to expand the...

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First Coffee bags $1.2 Mn in seed round led by BEENEXT

Parina Sood, TFW Bureau Sep 26, 2024 - 1 min read

First Coffee, a speciality coffee brand, has raised $1.2 million in its seed round led by BEENEXT. The round also saw participation from other investors such as Ashish Gupta (Helion Venture Partners), AngelList India, Dr. Ritesh Malik (founder, Innov8), Sahil Malik (founder, Da Milano), Chandini Purnesh (Owner, Harley Coffee Estate), Aman...

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Nishant Pitti, promoter of EaseMyTrip, sells 14% stake for Rs 920 cr

TFW Bureau Sep 26, 2024 - 1 min read

Nishant Pitti, one of the promoters of Easy Trip Planners has divested a 14 per cent stake in the company for Rs 920 crore through open market transactions. According to the bulk deal data available on the NSE, Nishant Pitti sold 24,65,49,833 shares, amounting to a 14 per cent stake in Easy Trip...

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U.S. Polo Assn., now available on Zepto

TFW Bureau Sep 25, 2024 - 1 min read

Zepto is now ready to deliver even fashion wear in no time! U.S. Polo Assn. (USPA), the official brand of the United States Polo Association, is collaborating with Zepto operators to bring its exclusive collection to the platform. Zepto is expanding its offering to include premium apparel and fashion, starting with USPA.

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OYO estimates EBITDA to cross Rs 2,000 cr in FY26 with Motel 6 acquisition

TFW Bureau Sep 25, 2024 - 2 min read

The EBITDA of IPO-bound travel tech platform OYO is expected to cross Rs 2,000 crore in 2025-26 with the American budget hotel chain Motel 6 adding substantially to its topline, according to documents. The travel tech unicorn estimates that Motel 6 will add over Rs 630 crore to its EBITDA (Earnings Before Interest, Taxes,...

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Barista coffee opens 450th cafe in Kandaghat, Himachal Pradesh

TFW Bureau Sep 24, 2024 - 1 min read

Barista Coffee, a known name in India’s coffee sector, has announced the opening of its 450th outlet in the country. The latest cafe has opened in Kandaghat, Himachal Pradesh. The brand is expanding not only in India but also in countries such as Sri Lanka and Maldives. “We are delighted to open our 450th store...

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