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Lenskart Raises Nearly $20 Million with Major Contributions from Co-Founders Peyush and Neha Bansal

TFW Bureau Jul 18, 2024 - 1 min read

Eyewear retailer Lenskart has secured nearly $20 million in funding from its co-founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi. This marks their second investment in the company within the past seven months. According to a regulatory filing accessed from the Registrar of Companies (ROC), Lenskart's board approved a special resolution to issue...

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Baggit to enter jewellery and footwear segment in 2024

Parina Sood, TFW Bureau Jul 18, 2024 - 1 min read

Baggit, one of the fast growing women’s handbag and wallet brand in the country is aiming to become a ‘complete lifestyle retail brand’ for the Indian women. The brand is all set to foray into jewellery and footwear within this year itself. "We're also looking at entering the jewellery and the footwear market in the...

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Taneira by Tata ties up with Goonj

Parina Sood, TFW Bureau Jul 18, 2024 - 2 min read

Taneira, an ethnic wear brand for women from the house of Tata, has partnered with Goonj, a non-governmental organisation, for its new initiative, ‘Exchange, Elevate and Empower’. This initiative invites customers to contribute their cherished sarees for development work and avail attractive offers on new merchandise. The contributed sarees will be repurposed by Goonj to...

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PC Jeweller to raise Rs 2,705 cr via warrants; promoters to infuse Rs 850 cr

TFW Bureau Jul 18, 2024 - 3 min read

Promoters will infuse around Rs 850 crore into the company by subscribing to warrants issued by the company. In a regulatory filing on Saturday, PC Jeweller informed that its board has approved the proposal to raise funds up to Rs 2,705.14 crore by preferential issue of fully convertible warrants. “The funds will be utilised...

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Budget FY25 should focus on tax relief to boost consumption: India Inc

TFW Bureau Jul 12, 2024 - 3 min read

The Union Budget FY25 should focus on offering relief to taxpayers, especially in the lower income brackets, to stimulate consumption, industry players suggested. Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23 which will be the first major policy document of the new government. The industry also...

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India to be high-growth market for many years: PepsiCo Chairman and CEO Ramon Laguarta

TFW Bureau Jul 12, 2024 - 3 min read

PepsiCo reported a double-digit increase in beverage volume and convenient foods unit volume in India for Q2 2024, contributing to a 2% overall rise in the AMESA region. Laguarta noted that India's potential remains massive over the next decade, with continuous investments in brands and infrastructure. Despite challenges in other regions, India, alongside other developing...

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Burger Singh's New Move: Airports in Tier 2 & 3 Cities

TFW Bureau Jul 11, 2024 - 2 min read

Burger Singh, India’s largest homegrown burger chain, has recently inaugurated its first airport outlet at Swami Vivekananda Airport, Raipur, after successfully launching a dine-in outlet at Tatibandh, Raipur in May 2023. This move is part of Burger Singh’s strategic expansion into the airports of Tier 2 and Tier 3 cities, supported by existing outlets and...

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TBZ- The Original launches flagship store in Jaipur

TFW Bureau Jul 11, 2024 - 1 min read

Known jewellery brand TBZ- The Original has launched its flagship store in Jaipur, Rajasthan. The announcement was made by the brand on social media. Tribhovandas Bhimji Zaveri (TBZ- The Original) from Mumbai enjoys the market standing of 150 years and is known for quality and craftsmanship. The brand has been at the forefront of designing traditional...

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Tanishq dazzles Delhi with another outlet

TFW Bureau Jul 10, 2024 - 1 min read

Well renowned jewellery brand Tanishq is all set to dazzle Delhi with its latest new store. The brand has expanded its retail footprint by opening a new showroom in Delhi’s Omaxe Chowk. The company has made the announcement in a press release. “We are thrilled to welcome Tanishq to Omaxe Chowk. This partnership underscores our...

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NRAI: Indian Food Services sector to reach Rs.7.76lakh cr by FY28

TFW Bureau Jul 10, 2024 - 2 min read

According to the latest Food Services Report 2024 by the National Restaurant Association of India (NRAI), India’s food services sector is estimated to grow by 8.1% to reach a size of Rs 7.76 lakh crore by FY28 from Rs 5.69 lakh crore in FY24. The organised segment...

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