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Latest updates on news, funding, market trends, and innovations driving the consumer industry in India.

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Kuwait investment firm Asiya Capital wraps up over $100 mn India hotel deal

Consumer

14 August, 2023

Kuwait investment firm Asiya Capital wraps up over $100 mn India hotel deal

Asiya Capital Investments, a specialist investment firm based out of Kuwait that chases deals across private equity ......

Nykaa's Q1 net profit growth slows year-on-year; EBITDA, topline rise

Consumer

11 August, 2023

Nykaa's Q1 net profit growth slows year-on-year; EBITDA, topline rise

Online beauty and personal care (BPC) retailer Nykaa’s profit for the first quarter of FY23 slowed to 8% against 45.5......

SoftBank-backed Ola Electric's FY22 loss spirals 4x

Consumer

10 August, 2023

SoftBank-backed Ola Electric's FY22 loss spirals 4x

Cab aggregation unicorn Ola’s electric mobility arm, Ola Electric reported a four-fold rise in its net loss for the ......

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Exclusive: Springwel eyes majority stake in VC-backed D2C mattress startup

Consumer

09 August, 2023

Exclusive: Springwel eyes majority stake in VC-backed D2C mattress startup

Mattress maker Springwel Mattresses Pvt. Ltd is evaluating acquisition of majority stake in a new-age startup in the ......

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Battle of the brewers: How VC-funded and bootstrapped beer startups stack up

Consumer

09 August, 2023

Battle of the brewers: How VC-funded and bootstrapped beer startups stack up

If you happened to find yourself in a bar in Delhi before the Covid-19 pandemic hit, you would have come ......

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BanyanTree exit plan back on track as portfolio firm revives IPO

Consumer

09 August, 2023

BanyanTree exit plan back on track as portfolio firm revives IPO

Mid-market-focused private equity firm BanyanTree Capital is looking to exit its seven-year-old investment in ......

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PE firm Lighthouse scripting $150 mn portfolio exit

Consumer

08 August, 2023

PE firm Lighthouse scripting $150 mn portfolio exit

Growth equity investor Lighthouse Funds, the backer of companies such as Fabindia and Medikabazaar, has harvested almost......

Pepperfry co-founder Ambareesh Murty dies at 51

Consumer

08 August, 2023

Pepperfry co-founder Ambareesh Murty dies at 51

Pepperfry co-founder and chief executive officer (CEO) Ambareesh Murty died of a cardiac arrest in Leh on the night of ......

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WestBridge-backed Lead School doubles FY23 revenue, lays out takeover strategy

Consumer

08 August, 2023

WestBridge-backed Lead School doubles FY23 revenue, lays out takeover strategy

Edtech unicorn Lead School, which counts private equity firm WestBridge Capital and venture capital firm GSV ......

Temasek to invest $145 mn in Mahindra & Mahindra's passenger EV unit

Consumer

03 August, 2023

Temasek to invest $145 mn in Mahindra & Mahindra's passenger EV unit

Singapore’s sovereign wealth fund Temasek has agreed to invest up to Rs 1,200 crore (around $145 million) in Mahindra......

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