Jewellery startup GIVA continued its rapid growth trajectory in FY25, reporting an 89% year-on-year surge in revenue to ₹518 crore, compared to ₹274 crore in FY24. The strong topline expansion follows a 66% growth in the previous fiscal. However, the company’s losses widened 22% during the year as it accelerated its offline expansion and brand building efforts. According to filings with the Registrar of Companies (RoC), GIVA’s total income stood at ₹523 crore in FY25. The Bengaluru-based brand generates revenue through the sale of jewellery across its omnichannel network, with nearly equal contribution from online and offline channels. Offline Push…
Author: Adarsh Kumar
EverBrands, the India operator of global food chains Subway and Lavazza, has secured $15 million in a fresh funding round led by Playbook Partners. The investment will accelerate the company’s multi-brand food and beverage expansion strategy across urban India. The capital infusion comes at a milestone moment for Subway India, which recently crossed the 1,000-store mark nationwide. Over the past three years, the brand has expanded aggressively, adding stores at an average pace of nearly two outlets per week signaling sustained demand in India’s quick service restaurant (QSR) market. Expansion Across QSR and Café Formats EverBrands operates Subway in India…
Uber India’s ride hailing business reported a sharp deterioration in profitability in FY25, with segment losses rising over fourfold to ₹1,407 crore, even as gross commission revenue remained flat during the year. According to its consolidated financial statements for the year ended March 31, 2025, gross revenue from ride commissions stood steady at ₹2,604 crore. However, net revenue from ride hailing plunged 89% to ₹88 crore in FY25 from ₹807 crore in FY24. Incentives Erode Reported Revenue The divergence between stable gross commissions and collapsing net revenue reflects a significant rise in driver incentives and rider discounts. Uber increased spending…
Omnichannel grocery startup Elixiir Foods has secured $9 million in seed funding led by 3one4 Capital, with participation from Incubate Fund Asia. The investment will power the company’s entry into India’s fast growing fresh grocery and private label retail market. Founded by Arvind Mediratta and Ambuj Narayan, Elixiir Foods is building a farm integrated, technology driven grocery platform that combines direct sourcing, private labels, and a centralised wholesale backbone. The startup aims to streamline fragmented supply chains while improving quality, traceability, and margins across the fresh food ecosystem. Funding Use and Growth Strategy The company plans to deploy the fresh…
Honasa Consumer Limited, the parent company of Mamaearth and other personal care brands, reported a steady performance in the third quarter of FY26, with revenue growth supported by improved profitability and disciplined spending. The Gurugram based FMCG firm recorded revenue from operations of ₹602 crore in Q3 FY26, marking a 16.2% year-on-year increase from ₹518 crore in Q3 FY25, according to filings with the National Stock Exchange (NSE). Including ₹21 crore in non-operating income, total revenue stood at ₹622 crore during the quarter. Nine-Month Performance Remains Strong For the nine months ended December 2025, Honasa’s operating revenue rose 13.2% to…
Founded in 2017, Dolphy has rapidly positioned itself as one of India’s fastest growing brands in the hospitality OS&E (Operational Supplies & Equipment) and commercial washroom automation solutions segment. In less than a decade, the company has built a strong presence across India, Australia, New Zealand, the Middle East, Nepal, Bhutan, and major Asian markets, serving premium hotels, large infrastructure projects, and Top MNC clients. With 35+ offices and a network of 450+ sales and service professionals, Dolphy combines scale, design innovation, and operational efficiency to deliver high performance solutions tailored for modern hospitality and commercial environments. Complete One-Stop OS&E…
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…
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%,…