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House of Biryan raises Rs 32 cr in growth-round funding

With the newly raised capital, the company plans to accelerate expansion into Tier-1 cities in India, while also scaling globally New Delhi: Food-tech platform House of Biryan on Tuesday said it has raised Rs 32 crore in a growth-round funding from investors, including former India cricket captain MS Dhoni. The investment round saw strategic investment from Bestvantage Investments. There was also participation from Mohit Goyal (ex-CVC Capital) and Abhineet Singh (Al Siraj Holdings) among others, the company said in a statement. With the newly raised capital, House of Biryan (HoB) said it plans to accelerate expansion into Tier-1 cities in India, while also scaling globally. Its first international cloud kitchen recently opened in Dubai, with Australia, Japan, the UK, and North America next on the roadmap, the company added. HoB Co-founders Mohammed Bhol and Mikhail Shahani said, “This round fuels our ambition to scale from 22 kitchens today to 120-150 outlets over the next three ...
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Suman Guha takes on dual leadership roles at Tata CLiQ & Tata Digital

Bengaluru: Tata Digital has strengthened its leadership bench with the appointment of Suman Guha as Chief Technology Officer (CTO) at Tata CLiQ , while simultaneously taking on the role of Vice President – Head of Synergy Tech, a dedicated technology unit within Tata Digital. His new responsibilities place him at the heart of the group’s strategy to integrate its diverse digital businesses and to accelerate the growth of its luxury e-commerce platform. Guha shared his enthusiasm for the new journey in a LinkedIn post on Wednesday, announcing his dual role with Tata Digital and Tata CLiQ. His Career Journey in Brief He is a seasoned technology and product leader with a proven track record of building and scaling digital ecosystems. Before joining Tata Digital, he served as Chief Product and Technology Officer at Reliance Retail , where he was instrumental in shaping the technology roadmaps of several consumer-facing platforms, including Tira, Jio, and Omni-RRL. Earlier in his ca...
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Patel Retail garners Rs 43 cr from anchor investors

New Delhi: Supermarket chain Patel Retail Ltd on Monday collected over Rs 43 crore from anchor investors, ahead of its initial public offering (IPO) opening for subscription. The investors participated in the anchor round included Chanakya Opportunities Fund, BNP Paribas Financial Markets, Maybank Securities, Beacon Stone Capital, Saint Capital Fund and Pine Oak Global Fund, according to a circular uploaded on BSE’s website. As per circular, the company allotted 17.04 lakh equity shares to investors at Rs 255 apiece, aggregating the fund raising to Rs 43.46 crore. The company’s IPO — a mix of a fresh issue of 85.18 lakh shares and an offer for sale of 10.02 lakh shares of promoters — will open for public subscription on August 19 and conclude on August 21. At the upper end of the price band, the company’s public issue is expected to fetch Rs 242.76 crore. The company’s shares will be available for subscription in the price band of Rs 237 to Rs 255 apiece. Proceeds from the fresh ...
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FMCG segment seeing ‘consumer shift’ towards newer, regional brands: Honasa CEO Varun Alagh

After the latest June quarter results, large FMCG companies such as Britannia, Dabur, Marico and HUL have acknowledged competition from small regional brands New Delhi: The FMCG segment is witnessing a significant ‘consumer shift’ towards newer and regional brands, as consumers are increasingly seeking value and opting for localized preferences, Honasa Consumer Chairman and CEO & Co-founder Varun Alagh has said. Regional brands are giving tough competition to the large established players with their aggressive pricing and better margins for the distributors, impacting the growth of large brands in the industry. “Overall, there is a consumer shift happening towards newer brands, regional brands… as large FMCG (companies) are not growing as strongly,” Alagh told PTI. The new FMCG brands are younger with new propositions and are working on strong vernacular strategies, he said. After the latest June quarter results, large FMCG companies such as Britannia, Dabur, Marico, HUL, etc...
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America’s Dave & Buster’s debuts in Mumbai, targets 15 new locations in 5 years

The Mumbai outlet will cover 22,000 sq. ft. of retail space and will be situated in Infinity Mall, Andheri West Bengaluru: Dave & Buster’s, America’s premier entertainment and dining destination, is making its Mumbai debut in collaboration with franchise partner Malpani Group , following its entry into the Indian market seven months ago, a top company official told IndiaRetailing. The upcoming outlet will span 22,000 sq. ft. of retail space and will be located at Infinity Mall, Andheri West . “Mumbai is a vibrant social and cultural hub, and Andheri offers a prime catchment with easy access from key neighborhoods like Lokhandwala, Santa Cruz, and Khar. This ensures a high-potential, dynamic audience and strong connectivity, making it an ideal starting point for us in the city ,” said Shreya Malpani , Director of the Malpani Group , during an exclusive interaction. This launch follows the success of the brand’s first outlet in India at Bengaluru’s Mantri Mall , whi...
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How culture, connection & community redefine leadership in the D2C Era

In the age of hyper-personalised experiences and rising consumer consciousness, the Direct-to-Consumer (D2C) model is no longer just a disruptive trend; it’s the future of retail. But while this model was once driven by technology and supply chain innovation, its new engine of growth is more human: culture, connection, and community. These are not buzzwords; they are the new pillars of leadership in modern retail. Retail today isn’t about sales, it’s about significance. Traditional retail has long been seen as transactional, with price, product, and placement being the cornerstones. But D2C has fundamentally restructured the rules of engagement. The brands that thrive today are those that do more than just sell; they resonate. They don’t simply occupy shelf space; they occupy mental and emotional space. We’ve come to realize that sustainable growth isn’t just about acquiring customers; it’s about earning them, repeatedly. And that starts from within, with a leadership model that pri...
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ABFRL Q1 net loss widens to Rs 234 cr

New Delhi: Aditya Birla Fashion and Retail Ltd (ABFRL) on Wednesday reported widening of consolidated net loss at Rs 233.73 crore for June quarter FY26. The company had posted a loss of Rs 214.92 crore during April-June quarter a year ago, according to a regulatory filing from ABFRL. Revenue from operations was at Rs 1,831.46 during the quarter as compared with Rs 1,674.22 crore a year ago. Revenue from ‘Pantaloons’ was at Rs 1,094.13 crore as against Rs 1,101.38 crore a year ago. Revenue from ‘Ethnic and Others’ segment was down to Rs 754.57 crore in the first quarter. Total expenses were at Rs 2,148.75 crore in April-June FY26. In the quarter, ABFRL completed the demerger of Madura business into a separately listed entity named Aditya Birla Lifestyle Brands Limited (ABLBL). ABLBL will have its lifestyle brands business as – Louis Philippe, Van Heusen, Allen Solly, Peter England, Simon Carter and youth western wear brands as American Eagle. It also has sportswear brand Reebok ...
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