ETRetail Desk
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Chennai-based jewellery player Lalithaa Jewellery files DRHP for Rs 1700 crore IPO
Lalithaa Jewellery Mart, a Chennai-based company, plans to raise Rs 1,700 crore through an IPO. The IPO includes a fresh issue and an offer-for-sale. Funds will support new store openings. The company has 56 stores across South India. It focuses on gold jewellery and offers customer schemes. Revenue increased significantly in Financial Year 2024.
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DAEWOO partners with EBG group for India retail expansion
DAEWOO has teamed up with EBG Group to enhance its footprint in India. EBG will oversee retail, distribution, and post-sales support, implementing a franchise model to extend regional influence. DAEWOO is set to launch a range of smart, energy-efficient appliances, with a strong emphasis on IoT capabilities and cutting-edge features.
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Personal care startup Plush raises ₹40 cr
Personal care brand Plush secured Rs 40 crore in funding led by Rahul Garg. Blume Founders Fund and others also participated. The company reported Rs 100 crore in net annual recurring revenue. Plush aims to double its ARR during expansion. The brand will use the funds to expand its market presence and offline footprint.
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Jewellery startup True Diamond raises Rs 26 crore in pre-Series A funding round
True Diamond plans to use the capital to accelerate its omnichannel strategy, with a specific focus on offline growth. It has already opened retail outlets in Mumbai, Hyderabad, and Noida, and intends to expand across metro cities to offer immersive brand experiences.
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Meesho Mall expands personal care portfolio with P&G India, HUL, and Himalaya
Meesho is broadening its personal care offerings by partnering with major brands like P&G India, HUL, and Himalaya, aiming to meet the rising demand in tier-2 and smaller Indian cities. The e-commerce platform reported significant growth in its 'Mall' vertical, attracting 3.2 crore shoppers in six months.
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Udaan raises USD 114 million in Series G funding
Bengaluru's Udaan, a B2B e-commerce platform, has secured USD 114 million in a Series G funding round led by M&G Investments and Lightspeed Venture Partners. The company plans to use the capital to strengthen its presence in the FMCG and HoReCa sectors, accelerate private label initiatives, and bolster its balance sheet for a potential public listing.
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HyFun Foods expands frozen snacks portfolio for HoReCa and retail segments
HyFun Foods is broadening its ready-to-cook frozen snack selection, emphasizing Indian street flavours with the launch of Mumbai Aloo Vada and the upcoming Spicy Paneer Patty. This expansion aims to significantly boost domestic retail revenue, targeting ₹100 crore by 2025, with quick commerce playing a crucial role.
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Radico Khaitan withdraws ‘Trikal’ whisky following public sentiment and backlash
In response to public backlash and protests from religious groups, Radico Khaitan said, "As a responsible and sensitive organisation, post internal review we have decided to withdraw the brand."
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Krishival Foods FY25 net profit rises 44%; revenue nearly doubles
Krishival Foods witnessed a substantial surge in FY25, with net profit climbing 44% to Rs 13.54 crore and total income soaring 97% to Rs 206.3 crore. The Krishival Nuts segment drove growth, with a 67% revenue increase, while Melt N Mellow ice cream contributed significantly post-acquisition. Strategic expansion and strengthened online presence fueled the company's success.
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Swiggy’s Instamart rebrands with new identity, steps into standalone spotlight
Swiggy's Instamart has unveiled a new brand identity, signifying its evolution into an independent consumer brand with significant growth. The rebranding features a new blue color, symbolizing speed and reliability, while retaining the Swiggy 'S-pin' icon. This move highlights Instamart's expanding presence in the quick commerce sector, offering a wide range of products across numerous cities.
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Travel luggage startup EUME raises Rs 25 cr in Series A led by Ashish Kacholia
EUME, a premium travel luggage brand, has secured Rs 25 crore in Series A funding led by Ashish Kacholia. The investment will fuel retail expansion with new flagship stores in Bengaluru, Mumbai, and Hyderabad. EUME plans to double its product range and strengthen its team, marketing, and working capital.
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Nat Habit appoints Kushal Gupta as Chief Retail Officer to lead offline push
Nat Habit, a D2C beauty and personal care brand, has appointed Kushal Gupta as its Chief Retail Officer to spearhead offline expansion. With over 20 years of FMCG experience, Gupta will focus on building national retail infrastructure and penetrating Tier 2 and 3 markets. This strategic move aims to strengthen the brand's omnichannel presence and drive retail-led revenue growth.
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Slikk raises $10 million in Series A led by Nexus Venture Partners to fuel 60-minute fashion commerce push
Bengaluru-based quick-commerce fashion startup Slikk has secured $10 million in Series A funding led by Nexus Venture Partners, with Lightspeed also participating. The company plans to utilize the funds to broaden its offerings into beauty, personal care, accessories, and footwear.
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Nestle SA acquires minority stake in Drools Pet Food
Nestle SA, the powerhouse behind Nestle India, has taken a bold step by investing in Drools Pet Food, securing a minority stake in the burgeoning company. Drools operates six manufacturing plants and boasts a vast warehousing network, ensuring its products are accessible in retail locations across India. The brand's reach extends beyond borders, with exports to over 22 nations.
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Bhuvanesh Mendiratta appointed as Miraj Cinemas' MD
Miraj Cinemas has appointed Bhuvanesh Mendiratta as its new managing director, succeeding Amit Sharma. Mendiratta, previously COO, brings over 20 years of entertainment experience from PVR and Cinemax. He will focus on expanding premium formats, enhancing movie experiences, and growing in tier-2 and tier-3 cities, aiming to upgrade technologies across Miraj's 235 screens in 70 locations.
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SuperYou forays into protein chips; aims to become Rs 500 crore brand in 5 years
SuperYou, co-founded by Ranveer Singh, has launched multigrain protein chips, expanding its presence in India's functional foods market. Building on the success of its Protein Wafer Bars, the company aims to reach ₹500 crore revenue within five years.
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India’s food processing sector powers jobs and growth, contributes 7.7% to manufacturing: Deloitte-FICCI Report
India's food processing sector is a significant economic driver, contributing 7.7% to manufacturing GVA and supporting millions of jobs. Valued at USD 160 billion, it's fueled by rising rural demand, digital transformation, and policy support. The sector's growth is further propelled by evolving consumer preferences for healthy and convenient food options, alongside record agricultural exports.
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Libas partners with Zepto to enable 10-minute fashion deliveries in over 50 cities
Libas, the apparel brand, has partnered with Zepto to offer quick deliveries of select fashion styles in 10–12 minutes across 50 Indian cities. This move signals Libas’ shift towards fast fashion, leveraging speed and digital access.
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Jagatjit Industries slips into red in Q4 with Rs 8.8 crore loss; FY25 ends with Rs 23 crore net loss
Jagatjit Industries has reported a consolidated net loss of Rs 8.8 crore for the quarter ended March 31, 2025, a stark contrast to the previous year's Rs 2 crore profit. Revenue declined 17 per cent to Rs 150.6 crore due to demand pressures. The full fiscal year saw a net loss of Rs 23.5 crore, with revenue down 9 per cent to Rs 642.
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Arvind Fashions Q4 PAT up 8% to Rs 27 crore, FY25 net profit surges 71%
Arvind Fashions Ltd reported a strong Q4 and FY25, with net profit rising 8% and 71% respectively, driven by higher full-price sales and efficient operations. Revenue also saw healthy growth, supported by like-to-like sales and online performance. The company's ROCE crossed 20%, and the board recommended a dividend, signaling continued financial strength and strategic execution.
