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Founded in 2020, Cava Athleisure is now targeting a monthly recurring revenue of Rs 2.5 crore while planning to expand into offline markets Cava Athleisure, launched in 2020 by Bengaluru-based sister-duo Ria and Shreya Mittal, is brand that specialises in adaptable athleisure wear. Funded by Spring Marketing Capital, the brand has quickly made a mark with its commitment to quality fabrics and trims, ensuring a perfect blend of functionality and fashion. Their product range, which includes joggers, leggings, shorts, tops, co-ords, and hoodies, is priced affordably between Rs 800 and Rs 2,500. Cava Athleisure achieved a total sales figure of Rs 5 crore in FY 2023-24. The brand aims to scale further in FY 2024-25, setting ambitious milestones, including achieving a monthly recurring revenue of Rs 2.5 crore and expanding into offline markets. “Our target is to capture marketing share while doing it sustainably and building brand recall,” said the founders. To drive its growth, Cava c...

Effective packaging and presentation strategies can turn a good product into a best-seller in the retail environment, especially within the consumer durables sector In the present-day consumer durables market, packaging and presentation are not merely visual delights but critical ingredients to a product’s success. For example, every single detail from when a consumer looks at a product to when that consumer buys and opens the product, every step influences her perception, choice, and satisfaction. Effective packaging and presentation strategies can turn a good product into a best-seller in the retail environment, especially within the consumer durables sector.  Here’s how these elements drive consumer decisions and contribute to brand success. More Than Just Protection Packaging for consumer durables serves two primary functions: Protection and communication. For durable goods—ranging from home appliances to electronics—packaging must not only safeguard the product during trans...

AreoVeda MD Mayur Abhaya shares the brand’s unique selling proposition, strategies and plans… India’s beauty and personal care space is exploding with several niche brands entering the market. One such speciality brand that was launched in August this year is AreoVeda. The Chennai-based brand has been launched by LifeCell, India’s pioneering stem cell bank and a leader in diagnostics, genetic testing, and pre-conception care. The product range is specially crafted for pregnant women, new moms, and newborns and has been developed using natural ingredients and a cellular science-backed approach. Incepted to counter concerns like stretch marks, pigmentation, acne, and dryness in the case of expectant and new mothers and eczema, diaper rash and cradle cap in the case of babies, the company offers solutions for all skin problems faced by this cohort. The products undergo over 10 cellular tests on lab-grown human skin cells in LifeCell’s accredited labs via tests like Cytotoxicity to eva...

The retailer reported a revenue of Rs 143 crore in FY24 Bengaluru: Socks brand Bonjour is targeting a revenue of Rs 175 crore in the fiscal year (FY) 2025, the company said in a press release. In FY24, the retailer reported a revenue of Rs 143 crore. Currently, Bonjour holds 22% share of the mid-premium revenue segment within India’s socks market. The company aims to elevate its market share to approximately 30% in the next two years. “Our journey began with significant financial hurdles, but we soon learnt that adaptability is key; challenges are merely opportunities in disguise,” said Rajkumar Jain, MD, Bonjour. “At Bonjour, we embrace vision, leverage our strengths, take calculated risks, and remain dedicated to our long-term goals.”  The company operates on a bootstrapped model and has remained self-funded since its inception, with no immediate intentions to pursue private equity funding. However, it is open to exploring opportunities for a public offering in the future....

Ravindra Yadav, Partner, Retail And Food Services, Technopak highlights key trends seen in the Indian Food Service sector at the India Food Forum 2024 The food services industry in India is around $61 billion. It is poised to double by 2030. It is one of the hottest sectors right now, which is growing at a rapid rate. The industry is also transforming in many ways.  Here are 5 key trends as highlighted by Ravindra Yadav, Partner, Retail And Food Services, Technopak on the Day 2 of India Food Forum 2024. Formalisation: An interesting trend is that in the last five years, the share of organized has picked up considerably—the share of unorganized market will go down from 62% to 42%. “This clearly indicates that formalization of this sector is underway. The Indian food services industry is outpacing that in the UK,” Yadav said. Increased penetration: Just as retail is expanding beyond metros, organized food services is spreading to Bharat too, moving the top 30 cities. The grow...

The latest YOÜMEE outlet is located at Vegas Mall, Dwarka Bengaluru: Restaurant chain YOÜMEE has opened its latest outlet in New Delhi, located at Vegas Mall, Dwarka, the mall operator said in a press release on Thursday. “We are happy to welcome YOÜMEE to Vegas Mall and introduce it to our visitors,” said Ravinder Choudhary, VP of Vegas Mall. “The outlet offers an ideal setting for both casual dining and special occasions.” Japanese manga-themed YOÜMEE restaurants offer Pan-Asian cuisines including sushi, dimsum, ramen, and robataur. Currently, the company has over 21 outlets across India. Apart from YOÜMEE, Vegas Mall also hosts over 40 food and beverage outlets such as Barbeque Nation, Burger King, Chillis, Haldirams, KFC, Chaayos, Punjab Grill, Social, Tim Hortons, and StarBucks. The post YOÜMEE opens new outlet in New Delhi appeared first on India Retailing . from India Retailing https://ift.tt/cu0ElJt via IFTTT

Google has appointed Shah as Managing Director for Google Devices and Services in India New Delhi: Google has roped in the former head of consumer sales at Apple India Mitul Shah to lead its Pixel smartphone devices and services business in the country, according to a social media post. Google has appointed Shah as Managing Director for Google Devices and Services in India. “I am happy to share that I’ve started an exciting new journey with Google as Managing Director for Devices & Services Business – leading Pixel’s sales and expansion efforts in India,” Shah said in a post on LinkedIn. Google has partnered with Foxconn and Dixon to manufacture Pixel smartphones in India. “It’s an honour to be part of a company that’s at the forefront of innovation, and I’m particularly thrilled to be working on a product that has the potential to put the magic and power of AI in the pockets of millions of people across my beloved country,” Shah said. People have been asking him for the re...

Invaluable advice and insights for food & grocery retailers from veteran retailer Damodar Mall, CEO, Grocery – Reliance Retail, shared at the India Food Forum 2024 “Today, India is the most action-packed place in the world. People planning long-term growth are confident about the market potential and are putting their money on the table, putting five-year, seven-year bets on the market.” “In our business, it is easy to focus on short-term consumption trends and miss five and seven-year prospects unlike in the airplane industry which plans for years in advance. About seven-eight years back, Smart Bazaar started selling a strange fruit from a strange part of the world called kiwi. Customers did not know anything about it. They don’t know what to do with this ugly-looking fruit. We shared the conviction that the Indian customer would be ready for it. We did not know how to sell it. In India many fruits are sold either by dozens or by kilos but we started selling it like we sell Kind...

Shoreline International Holding is a wholly-owned subsidiary of Google’s parent firm Alphabet Inc New Delhi: The Competition Commission on Tuesday granted approval to Alphabet’s arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. Shoreline International Holding is a wholly-owned subsidiary of Google’s parent firm Alphabet Inc. It is a holding company and does not own or operate any Google products or services. “The proposed transaction comprises an investment through subscription of shares of Flipkart Pvt. Ltd. (Target) by Shoreline International Holdings LLC (Acquirer) and an arrangement between an affiliate of the acquirer and the target’s subsidiary for the provision of certain services,” the regulator said in a release. “Commission approves transaction involving subscription of shares of Flipkart Pvt Ltd by Shoreline, an Alphabet, Inc subsidiary,” the regulator said in a post on X. Flipkart is a subsidiary of Walmart Inc and ultimately ...

Sumit Jasoria, co-founder of NEWME, elaborates on the brand’s origin, its use of technology, online and offline expansion strategies, and more… Bengaluru: Gen-Z represents the future spending power in luxury and holds the current spending power in affordable premium and fast fashion. This demographic comprises a population of 377 million in India, with a collective spending power that has surged to $860 billion this year.  This figure is projected to reach approximately $2 trillion by 2035, according to a report by Boston Consulting Group (BCG). To capitalise on this generation’s shopping strategies, many new brands are emerging, while established companies are creating sub-brands such as Reliance Retail’s Yousta, Siyaram’s ZECODE, Urbanic’s Savana, and more. Among these is NEWME, a technology-driven, online-first fashion company launched just over two years ago. It has already become a multi-hundred-crore brand with an offline presence across nine Indian cities. Founded in J...

The funding round was led by Titan Capital and also saw participation from Huddle Ventures, Zeropearl Ventures, and several notable angel investors including founders from RENÃ E Cosmetics, Mamaearth, Tracxn, and Astrotalk New Delhi: True Diamond, a startup specializing in lab-grown diamonds, on Tuesday said it has secured $1 million in a seed funding round led by Titan Capital. The funding round also saw participation from Huddle Ventures, Zeropearl Ventures, and several notable angel investors including founders from RENÃ E Cosmetics, Mamaearth, Tracxn, and Astrotalk. The funding will be used to expand the team, establish boutique outlets in Mumbai and Delhi NCR, and enhance marketing efforts, the company said in a statement. Since its incorporation in January, True Diamond has already developed a catalogue of 5,000 customizable designs and achieved a customer repeat purchase rate of 1.7 times, it added. Parin Shah, Co-Founder of True Diamond, said the investment would help the...

This expansion of the air express service, which is directly connected to 34 commercial airports pan-India Mumbai: Express logistics operator Allcargo Gati on Monday announced the launch of a direct delivery service via air to Imphal in North-east and Varanasi (Uttar Pradesh) from key metro cities including Mumbai, Delhi, Ahmedabad, Bengaluru, Hyderabad, Pune, Chennai, and Kolkata. This expansion of the air express service, which is directly connected to 34 commercial airports pan-India, is a part of the company’s efforts to provide faster connectivity with quicker turnaround time, more efficient logistics solutions, catering to the growing needs of businesses across India, the company said. Designed for volume-based logistics delivery, the service supports a wide range of industries and offers end-to-end solutions for both tier 1 and tier 2 cities, with multiple cut-off times, late pickups, and next-day delivery options, according to Allcargo Gati . “Expanding our Air Express Ser...

A Datum Intelligence study reveals a shift in consumer preferences toward quick commerce platforms, with 46% of respondents reporting a reduction in their purchases from traditional Kirana shops. New Delhi: Consumers’ grocery shopping preferences are changing with quick commerce bagging a larger share of their grocery shopping budgets instead of kiranas, according to a recent study by Datum Intelligence, a Gurugram-based business consulting company.  The report highlights the rapid growth of quick commerce platforms, driven by changing consumer behaviours, urbanization, and digital adoption.  The study reveals a shift in consumer preferences toward quick commerce platforms, with 46% of respondents reporting a reduction in their purchases from traditional Kirana shops. These platforms, such as Blinkit, Zepto, Swiggy Instamart, and Flipkart Minutes, have capitalised on their promise of delivering essentials within 10–30 minutes, reshaping how groceries are purchased and cons...

The growing middle class, evolving consumer preferences, and a thirst for premium experiences make India one of the most exciting alcobev markets today The Indian alcoholic beverages (alcobev) retail market has undergone a profound shift over the last decade, driven by an emerging economy. The growing middle class, evolving consumer preferences, and a thirst for premium experiences make India one of the most exciting alcobev markets today. However, while opportunities are ripe for the picking, navigating this market is like walking a tightrope. There are plenty of hurdles to jump before you can make the most of them. What’s the opportunity? The potential for alcobev retailers is undeniable. The middle class is ballooning, urbanization is on an overdrive, and people are spending like never before. But the real question is—are we ready to tap into this goldmine? If you are thinking about where to focus your efforts, here’s a roadmap:   1. Riding the premium wave India’s middle c...

This is difficult to anticipate near term as Reliance Retail has been affected by a general retail slowdown and specific company restructuring. Investor concerns around the impact of Quick Commerce remain, said JP Morgan in a report New Delhi: One of the two drivers of Reliance Industries Ltd’s recent underperformance – weak refining margin – has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing outperformance from earlier in the year. In a market where most stocks are trading well above historical valuations, Reliance’s fair relative valuations are an attraction. The company helmed by billionaire Mukesh Ambani has three main business verticals – oil refining and petrochemical business housed in oil-to-chemical (O2C) unit, telecom arm Jio and retail. It also has a media unit and a new energy business. Relian...

Today, the coffee chain has scaled to more than 70 outlets covering Mumbai, Delhi, Gurugram, Noida, Hyderabad, and Bengaluru Launched in 2022 by Abhijeet Anand, abCoffee has swiftly emerged as a game-changer in India’s growing coffee market with its innovative approach to delivering high-quality beverages. Backed by Nexus Venture Partners and Tanglin Venture Partners, the brand has introduced a tech-enabled ‘grab and go’ coffee concept, which caters to the fast-paced lifestyle of modern consumers. Known for its Signature Cold Coffee, Sea Salt Mocha, and Vietnamese Coffee, abCoffee achieved an Rs 5.5 crore in total sales for fiscal year (FY) 2023-24. As it gears up for FY 2024-25, the brand aims to scale its operations with a revenue target of Rs 36 crore, supported by the launch of a full-stack abCoffee consumer app, self-delivery services, and a focus on maintaining the industry’s highest net promoter score (NPS). “Coffee isn’t a luxury—it’s a necessity, meant not just for special...

The brand aims to achieve a revenue target of Rs 12–14 crore in the coming year by expanding its product line and strengthening its digital presence Launched in 2021 by the mother-daughter duo Riya and Leena Pant, Blur India is a bootstrapped beauty brand that has made a significant mark with its commitment to clean and ethical beauty . Renowned for its liquid lipstick range, particularly the ‘gloss’ variant, Blur India achieved a total sales turnover of Rs 5 crore in the fiscal year (FY) 2023-24. The brand’s core USPs include being 100% vegan, cruelty-free, and devoid of harmful chemicals, reflecting its dedication to conscious consumerism. The brand is set to achieve remarkable milestones in the coming year, with an ambitious revenue target of Rs 12 –14 crore. This growth strategy will involve expanding its product line, strengthening digital presence, and leveraging customer loyalty. “A cruelty-free brand focusing on creating products that resonate with people. We also support s...

The industry veteran will lead Fundle.ai as Chief Business Officer, helping transform mall management as we know it. New Delhi: Industry veteran Abhinav Khanna with over 15 years of experience will lead Fundle.ai as chief business officer.  He joins Fundle.ai from Paytm where he worked for over 6 years in various leadership positions. Khanna’s expertise lies in Consumer Loyalty, Business Development, and Strategic Partnerships. He has been pivotal in shaping Fundle.ai’s vision. His leadership is driving the platform’s rapid progress, enabling malls to deliver seamless and impactful operations. “Our mission is to simplify mall management by addressing real-world challenges with smart, AI-powered tools,”* shares Abhinav. *”Fundle.ai is more than just a platform—it’s the future of retail.” *Fundle.ai*, is an AI-driven platform launched just two months ago. Despite its young age, Fundle.ai is already revolutionizing how malls operate, setting a bold standard for efficiency a...

Sonakshi Nathani, co-founder of AI tech company Bik.ai shares insights on the future of the company while speaking about how GenAI-based implementations are helping e-commerce evolve. New Delhi : Sonakshi Nathani, an entrepreneur at the forefront of AI in e-commerce, is the co-founder and CEO of Manifest AI, a shopping assistant used by over 800 brands. With a BTech in Computer Science from the International Institute of Information Technology Hyderabad (IIITH) and experience as a software developer at Microsoft, Nathani focuses on building AI solutions to enhance e-commerce efficiency through her other company Bik.AI, which she founded in 2019. Bik.AI was developed to fill gaps in existing marketing tools that were not designed for e-commerce. Understanding the challenges of lean D2C teams operating under tight margins, the platform provides a unified, cost-effective solution that integrates chat support and marketing. Starting with WhatsApp and later expanding to Instagram, Bik.AI...

The 850th Subway store, located at Elan Miracle Mall in Sector 84, Gurugram, was inaugurated by John Chidsey, Global CEO of Subway Bengaluru: American fast food restaurant chain Subway has reached the milestone of 850 stores in India, the company said in a press release on Thursday. The latest store, located at Elan Miracle Mall in Sector 84, Gurugram, was inaugurated by John Chidsey, Global CEO of Subway. This marks Chidsey’s first visit to India as CEO of Subway Global, following the company’s partnership with Culinary Brands. “Today’s restaurant opening marks a major moment for the brand’s growth in India, where we continue to see huge demand,” said Chidsey. “In addition to opening an impressive number of restaurants over the past three years, Everstone has also proven to be a regional leader in implementing the brand’s latest culinary, development and digital initiatives, improving the overall restaurant experience and paving the way for more guests to enjoy Subway across the m...

This is crucial for reducing congestion, pollution and logistics costs while improving the overall quality of life in cities New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has finalised model city logistics plans (CLPs) for Delhi and Bengaluru with an aim to improve urban freight efficiency and cut logistics costs, an official said on Wednesday. Under the Indo-German technical cooperation, Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ’s) Green Freight Project supported the relevant state authorities in the preparation of the model CLPs and adopting international best practices. This is crucial for reducing congestion, pollution and logistics costs while improving the overall quality of life in cities. Additional Secretary in the DPIIT Rajeev Singh Thakur said that both Delhi and Karnataka governments have provided support for developing these plans. “It is a work in progress. They have agreed to support. It is a model plan which can...

The 20 lakh will be donated to non-profit Feeding India with the company offering to contribute Rs 50 lakh to a charity of the candidate’s choice New Delhi: In an unusual job vacancy posting for his Chief of Staff, online food delivery platform Zomato Managing Director and CEO Deepinder Goyal on Wednesday asked prospective candidates to pay Rs 20 lakh for the first year, which in turn will be donated to non-profit Feeding India with the company offering to contribute Rs 50 lakh to a charity of the candidate’s choice. In a post on social media platform X, Goyal said he is looking for a “Chief of Staff” for himself with the job description reading “anything and everything to build the future of Zomato (including Blinkit, District, Hyperpure and Feeding India). He claimed that the role would offer “10x more learnings than a 2-year degree from a top management school, working with me and some of the smartest folks in consumer tech”. However, he added: “This role is not a conventional...