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Jumboking Targets 18 New Stores in Bengaluru and Hyderabad by 2025

Beny Sachdeva Jul 19, 2024 - 1 min read

Jumboking, with 160 + stores across Mumbai, Delhi, Hyderabad, and Pune is keen to strengthen its presence in Bengaluru & Hyderabad. The brand has recently opened one store in Bangalore and two more are in the pipeline. Jumboking reported sales of Rs 110 crore in the last fiscal year, making it India's third-largest burger chain ...

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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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