Top Stories

FirstCry refiles IPO papers, reports December revenue at Rs 4,814 crore

TFW Bureau May 01, 2024 - 1 min read

Brainbees Solutions, the parent firm of retailer FirstCry, has refiled its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi), days after the markets regulator told the firm to come up with additional clarity on some key performance metrics. According to the updated draft red herring prospectus (DRHP), the Pune-based...

Share
Trent Limited, reported a 15-fold Y-O-Y rise in consolidated net profit at Rs 712 crore

TFW Bureau Apr 29, 2024 - 2 min read

Trent Limited, which owns and operates fashion and lifestyle retail chains such as Westside, Zudio and Utsa, reported a 15-fold year-on-year rise in consolidated net profit at Rs 712 crore in the quarter ended 31 March, 2024. The company had reported a net profit of Rs 45 crore in the year-ago period. Revenue from operations increased 51 percent...

Share
ENHANCING TRAVEL EXPERIENCE: ‘INDIA ASSIST’ EXPANDS ITS FRANCHISE MODEL TO J&K

TFW Bureau Apr 29, 2024 - 1 min read

As 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...

Share
FirstCry set to withdraw $500 mln IPO papers after regulatory scrutiny

TFW Bureau Apr 26, 2024 - 1 min read

Indian 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...

Share
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
Levi’s debuts its first store in Dhaka

Beny Sachdeva Apr 25, 2024 - 1 min read

Levi's®, the iconic denim lifestyle brand, proudly announces the grand opening of its inaugural store in Dhaka, Bangladesh. Nestled in the vibrant hub of Banani Road, this Levi's® outlet promises a premium brand experience and unparalleled shopping journey. With a curated selection tailored to local tastes, the store offers an array of products that resonate...

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
HairOriginals ties up with Naturals Salon to promote hair extensions in India

Beny Sachdeva Apr 24, 2024 - 1 min read

Hair business HairOriginals has partnered with salon chain Naturals Salon to harness its store network to reach shoppers across India. The brand will begin by retailing its human hair made hair extensions at six Naturals Salon locations. HairOriginals can already be purchased in locations including Hyderabad Airport and HRBR Layout in Bengaluru. The...

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