Dabur India has laid the foundation stone for its first manufacturing facility in South India, marking a significant expansion of its production footprint. The new plant, located in Tindivanam, Tamil Nadu, will be developed with a total investment commitment of ₹400 crore, of which nearly one-third is already under execution. The groundbreaking ceremony was virtually performed by Tamil Nadu Chief Minister M K Stalin, in the presence of senior state officials and representatives from Guidance Tamil Nadu and SIPCOT. Strategic Expansion into South India The Tindivanam facility will initially manufacture Dabur’s popular oral care and personal care brands, including Dabur…
Author: Adarsh Kumar
Pharmaceutical major USV has signed a definitive agreement to acquire a 79% stake in Nutritionalab Private Limited, the parent entity of Wellbeing Nutrition, marking its formal entry into India’s fast growing direct-to-consumer (D2C) nutraceutical market. The deal values Wellbeing Nutrition at approximately ₹1,583 crore, reflecting growing investor confidence in preventive healthcare and lifestyle focused wellness brands. Strategic Bet on India’s Nutraceutical Boom Founded in 2019, Wellbeing Nutrition operates in the vitamins, minerals, protein, collagen, omega, and dietary supplements segment. The company follows an omnichannel distribution strategy, selling through its own website, online marketplaces, offline retail networks, and international markets including…
Walmart-backed Flipkart is preparing to enter India’s fast growing online food delivery market, with a pilot launch planned in Bengaluru between May and June, according to industry reports. If the test phase gains traction, a wider rollout could follow by late 2026 or early 2027. The move signals Flipkart’s intent to diversify beyond e-commerce and quick commerce, as it looks to tap into a sector currently dominated by Zomato and Swiggy. Strategic Shift Beyond E-commerce Flipkart’s potential entry into food delivery marks a strategic expansion into high frequency consumption categories. Unlike electronics or fashion, food delivery drives repeat usage, stronger…
The Uttar Pradesh government has presented a ₹9.12 trillion Budget for the financial year 2026–27 (FY27), marking a 12.9% increase over the previous year’s ₹8.08 trillion outlay. The Budget signals the state’s continued emphasis on infrastructure-led growth while strengthening allocations to education, agriculture and healthcare. The Budget was tabled by Finance Minister Suresh Khanna in the Uttar Pradesh Vidhan Sabha, outlining the government’s fiscal priorities for the upcoming year. Education, Agriculture and Health Get Significant Allocation Sector-wise, education received the largest share at 12.4% of the total outlay, reflecting the state’s focus on human capital development. Agriculture accounted for 9%,…
Healthcare-focused venture capital firm W Health Ventures has announced the first close of its second fund at Rs 550 crore, marking a significant step in its continued bet on technology-led healthcare startups. The firm has set a target corpus of around Rs 630 crore for Fund II and plans to back 8–10 early stage healthcare ventures over the investment cycle. Investment Strategy and Focus Areas W Health Ventures will invest Rs 30–50 crore per startup, primarily at the early stage. The fund will continue to follow its distinctive company creation and incubation model, working closely with founders from the idea…
Online travel platform Yatra reported steady revenue growth in the third quarter of FY26, even as its net profit slipped into single digits amid higher operating costs. Revenue Growth Continues Yatra’s revenue from operations rose to Rs 257 crore in Q3 FY26, up from Rs 235 crore in the corresponding quarter last year, according to its consolidated unaudited financials filed with the NSE. Including Rs 4.5 crore from financial income, the company’s total income stood at Rs 261.5 crore, compared to Rs 241 crore in Q3 FY25. For the nine-month period ended December, Yatra’s operating revenue surged 43% year-on-year to…
Zerodha-backed Rainmatter Investments has acquired a 51% majority stake in digital pension platform PensionBox in a $2 million deal structured through a mix of primary and secondary transactions. The transaction provides a full exit to early investors including 100X.VC, SAT Industries, Keynote Capital, LetsVenture, and several angel backers. Post acquisition, founders Kuldeep Parashar and Shivam Parashar will retain a combined 48% stake in the company. Strategic Focus: Corporate NPS Expansion Founded in 2021, PensionBox operates as a PFRDA-regulated digital pension platform, enabling individuals and enterprises to open and manage National Pension System (NPS) accounts online. Its offerings include instant onboarding,…
India’s private spacetech momentum gathered further pace as Ethereal Exploration Guild (EtherealX) closed a $20.5 million Series A round, propelling its valuation nearly sixfold to around $80 million (Rs 720 crore). The round was led by existing backer BIG Capital, with participation from TDK Ventures, Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund, and Riceberg Ventures, among others. Funding Structure and Valuation Surge As per regulatory filings, EtherealX approved the issuance of 9,763 Series A preference shares at Rs 1,87,920 each, aggregating to Rs 183.4 crore ($20.5 million). The company has already received approximately $9.7 million, with the remaining…
Walmart backed fintech giant PhonePe continued to dominate India’s Unified Payments Interface (UPI) ecosystem in January, processing 9.91 billion transactions during the month. The company accounted for 45.7% of total UPI transaction volume and 48.6% of total transaction value, reinforcing its leadership in the digital payments market. According to data released by the National Payments Corporation of India, the UPI network processed 21.7 billion transactions worth Rs 28,33,481 crore in January, marginally higher than December’s 21.63 billion transactions, indicating continued strength in India’s digital payments growth trajectory. Google Pay Holds Second Position, Paytm Third Google Pay retained its position as…
NASDAQ-listed SaaS firm Freshworks delivered a strong close to calendar year 2025, reporting $223 million in revenue for Q4 CY25, up 15% year-on-year from $195 million in the same quarter last year. The company also achieved a key milestone by posting a GAAP operating profit, signaling sustained margin improvement. On a sequential basis, revenue rose 4% from $215 million in Q3 CY25, reflecting steady demand across its customer engagement and IT service management solutions. Turns GAAP Profitable at Operating Level Freshworks reported GAAP operating income of $40 million in Q4 CY25, compared to an operating loss of $24 million in…