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Zomato to pump in Rs 300 crore in quick commerce unit Blinkit

TFW Bureau Jun 11, 2024 - 1 min read

Food delivery company Zomato will infuse Rs 300 crore into its quick commerce unit Blinkit, as per regulatory filings made with the Registrar of Companies (RoC). With this, Gurgaon based Zomato has infused nearly Rs 2,300 crore since acquiring Blinkit in August 2022. Zomato acquired Blinkit, formerly known as Grofers, in an all-stock deal for...

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Tanishq enters Oman

TFW Bureau Jun 11, 2024 - 1 min read

Renowned jewellery brand Tanishq has expanded its global presence by debuting in Oman. The inaugural store in Oman is situated at Oman Avenues Mall in Muscat. Currently, Tanishq boasts a network of more than 16 international stores beyond India. In July 2023, Titan unveiled its ambitious plan to establish 50 boutiques worldwide, with a particular...

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Hello Kitty brand celebrates five decades, Sanrio gears up to bring Kawaii to India

Beny Sachdeva Jun 10, 2024 - 2 min read

Hello Kitty, one of the world’s most iconic Japanese brands, celebrates the 50th anniversary in 2024.The brand has become one of the most beloved and an undisputed pop icon in the world. As part of the celebrations, parent company Sanrio has an array of grand plans for the Indian market. With Hello Kitty being the...

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Sanjeev Kapoor's Wonderchef eyes Rs 820 Crore Revenue in FY25

TFW Bureau Jun 10, 2024 - 1 min read

Endorsed by celebrity chef Sanjeev Kapoor, Wonderchef, the kitchen appliances brand has announced its aim to achieve a revenue milestone of Rs 820 crore in FY25. Ravi Saxena, founder and CEO of Wonderchef said, “In FY24, we posted sales of about Rs 700 crore, and we are planning to touch about Rs 820 crore in...

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Reebok expands in South India, launches two new stores

TFW Bureau Jun 10, 2024 - 1 min read

Globally renowned sports footwear and apparel brand, Reebok, is expanding its retail footprint in the Southern part of the country by launching two new stores in Chennai (Anna Nagar and Phoenix Marketcity). Bollywood actor Taapsee Pannu, who is also Reebok brand ambassador, officially inaugurated the stores. Taapsee said, “As an advocate of fitness and an...

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Food safety body inspects Blinkit warehouse in Telangana, finds violations

TFW Bureau Jun 08, 2024 - 1 min read

As per a recent post on social media ,The Commissioner of Food Safety, Telangana raided a warehouse of Zomato-owned Blinkit and found numerous health violations. The inspection was conducted in a warehouse at Devar Yamjal, Medchal Malkajgiri District on June 5. The Commissioner of Food Safety, Telangana, shared the post on the social media platform...

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Easybuy launches 9th store in Hyderabad

TFW Bureau Jun 08, 2024 - 1 min read

Landmark Group’s value fashion brand Easybuy has added another store in Hyderabad by opening its ninth store, featuring a revamped format. “Our new stores, now ranging from 8,000 to 10,000 sq. ft., reflect our commitment to providing customers with a better shopping experience,” said Karan Mehta, Chief Executive Officer of EasyBuy. Located at Old Bowenpally,...

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New Balance strengthens presence in Mumbai with new store at Infiniti Mall, Malad

Beny Sachdeva Jun 08, 2024 - 1 min read

After the successful launch of its store at Linking Road earlier in May, New Balance, one of the world’s fastest-growing sports brand, recently opened its newest store in the city at Infiniti Mall, Malad. This is the brand’s second launch in Mumbai in less than a month, further emphasizing on the strategic expansion plans...

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Titan eyes 10-11% of market share in the Jewellery business

TFW Bureau Jun 07, 2024 - 1 min read

In its Jewellery business, Titan expects a revenue of 15–20% CAGR over FY24-27, the company said in its analysts meet. The company has a market share target of 10-11% as against 8.6% currently in the jewellery business. As compared to its earlier range of 12%-13%, the company now has a margin set of 11.5% -...

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Home grown chicken QSR BIGGUYS secures $2mn funding

TFW Bureau Jun 06, 2024 - 1 min read

BIGGUYS, Bengaluru based homegrown chicken QSR chain, has secured a significant investment of $2 million (a little above Rs. 16.62 crore). This investment is a mix of equity and other instruments and comes from a group of Non-Resident Indians (NRIs). “We are thrilled to see such a huge interest from NRIs who want to invest...

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