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The company achieved Rs 23.6 crore revenue in FY24 and is aiming to scale even further in FY25, targeting revenue of Rs 40 crore Launched in 2016 by Shivi Singh, ClearDekho focuses on underserved low-income segments in India’s tier-2, 3, and 4 markets. The brand operates on a scalable and sustainable omnichannel model that combines online and offline channels, ensuring quality, affordable eyeglasses for the masses. It operates in FOCO (franchise-owned, company-operated) model promotes a spirit of micro-entrepreneurship in competitive markets. The asset-light business model enables expansion with minimal capital investment while maximising impact across different geographical regions. “ClearDekho is building India’s most affordable eyewear brand targeting the massive eyewear market that continues to be 80% unorganised,” said Singh. In fiscal year (FY) 2024, ClearDekho achieved a revenue of Rs 23.6 crore, largely driven by its highest-selling products: prescription eyeglasses an...

Quaffine is planning to establish a footprint in over 200 bars and more than 100 retail outlets in Mumbai Bengaluru: Quaffine, India’s first cold brew coffee liqueur, has launched in Mumbai, following its establishment in Goa, according to a company press release. The retailer is planning to establish a footprint in over 200 bars in Mumbai, spanning five-star venues to mid-tier bars and local joints and over 100 retail outlets within the first few months of launch. “We are very excited to bring Quaffine to Mumbai,” said Isaac Vivek Mani, Founder and CEO of Indie Brews and Spirits Pvt. Ltd. (parent company of Quaffine). “A city that already loves its coffee and cocktails, we hope to be in every home bar that supports Indian craft brands. Our ambition is to be the number one brand in the coffee liqueur category and launching in Mumbai is a big step towards it,” he added. The brand was founded in Goa in 2022. Currently, it has a presence across more than 600 points of sale, includin...

Starbucks was responding to reports that suggested that the American company was planning to quit Indian operations due to high operating cost, mounting losses, and availability of cheaper local alternatives in the market New Delhi: Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as “baseless”. Tata in a 50:50 joint venture with US-based Starbucks Corporation operates a cafe chain in India under the brand name of Starbucks, which is the leading cafe chain in India. Starbucks had 457 stores across 70 cities at September-end and the company aims to take it to 1,000 by FY28. The company’s revenue from operations was up 12 per cent to Rs 1,218.06 crore in FY24. However, its loss for the period widened to Rs 79.97 crore from Rs 24.97 crore in FY23 due to the expansion. Its advertising promotional expenses were up 26.8 per cent to Rs 43.20 crore and royalty was at Rs 86.15 crore, according to financ...

Here are some of the top shopping malls developed by Unity Group in Delhi NCR For nearly three decades, Unity Group has been a pillar of excellence in real estate, transforming the landscape of Delhi with a commitment to transparency, vision, and commitment. Since inception in 1996, the company has developed and delivered over 10 million sq. ft. of premier commercial, retail, hospitality, and mixed-use spaces, earning the trust of the customers, investors, and community. The brand’s portfolio boasts more than 100 successful projects that have become integral to Delhi’s urban environment. Going forward, Unity Group continues to set ambitious goals with approximately 15 million square feet of ongoing developments. These include a landmark residential project in the heart of Delhi, an iconic mixed-use commercial space in Dwarka, a state-of-the-art healthcare facility in Pitampura, and multi-level car parks with integrated retail spaces in Janakpuri and Rohini. Some of the shopping mal...

Located at Naika, Kheda, the plant comprises a total area of 6 lakh sq. ft. of real estate and has a production capacity of 5,000 units per day Bengaluru: Raj Cooling Systems, a manufacturer of air-cooling solutions, has launched its new manufacturing plant in Gujarat, the company announced in a press release on Wednesday. Located at Naika, Kheda, the plant comprises a total area of 6 lakh sq. ft. of real estate and has a production capacity of 5,000 units per day. “We are excited to open this new facility, which marks a pivotal moment in our company’s journey. By expanding our manufacturing capabilities and integrating innovative technologies, we are committed to remaining at the forefront of the industry,” said Kalpesh Ramoliya, MD of Raj Cooling Systems.  The new plant has more than five times the capacity of its existing facilities.  This expansion will help the company meet peak demand, improve product availability, and shorten lead times, allowing it to cater to a ...

Amazon, through its investment arm Amazon.com NV Investment Holdings, sold nearly 44 lakh shares in Mumbai-headquartered Shoppers Stop New Delhi: Global e-commerce giant Amazon on Wednesday exited retail chain Shoppers Stop by selling a 4 per cent stake in the company for Rs 276 crore through an open market transaction. US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, sold nearly 44 lakh shares or 4 per cent stake in Mumbai-headquartered Shoppers Stop, as per the block deal data on the National Stock Exchange (NSE). The shares were offoaded at an average price of Rs 627.60 apiece, taking the transaction value to Rs 275.89 crore. Asset and wealth management company 360 One, through its four affiliates, acquired stakes in Shoppers Stop. Also, Kotak Mahindra Mutual Fund (MF), Tata MF and Morgan Stanley also picked up shares in the department store chain at the same price. Shares of Shoppers Stop rose 1.20 per cent to close at Rs 635.15 apiece on the NS...