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

Indians bought goods worth $44.5 bn in FY23; one in three active e-shoppers

Consumer

19 May, 2023

Indians bought goods worth $44.5 bn in FY23; one in three active e-shoppers

Indians bought products worth $44.5 billion from e-tailers in the financial year 2022-23 as e-commerce platforms expand their footprints with ......

Everstone may look to liquidate stake in Burger King India

Consumer

18 May, 2023

Everstone may look to liquidate stake in Burger King India

Private equity firm Everstone Capital is in talks to sell its roughly 41% stake in Restaurant Brands Asia Ltd, the ......

Beleaguered Future Retail gets six bids under resolution process

Consumer

17 May, 2023

Beleaguered Future Retail gets six bids under resolution process

Debt-ridden Future Retail Ltd said on Wednesday it had received bids from six applicants in its insolvency resolution process. The company ......

Verlinvest-backed Epigamia cancels plan to sell business, CEO says

Consumer

17 May, 2023

Verlinvest-backed Epigamia cancels plan to sell business, CEO says

Indian yoghurt maker Epigamia, backed by French dairy giant Danone, has shelved plans to sell its inflation-hit business and is ......

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We are the Zara and H&M of Tier-II and III cities: Citykart founder

Consumer

17 May, 2023

We are the Zara and H&M of Tier-II and III cities: Citykart founder

Citykart Retail Pvt. Ltd, which counts Bahrain-based alternative asset manager Investcorp as one of its investors, not only managed to stay afloat during ......

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Exclusive: RMB Corvest in another club deal with Umoya Capital

Consumer

16 May, 2023

Exclusive: RMB Corvest in another club deal with Umoya Capital

Private equity firm RMB Corvest, a part of FirstRand Bank that strikes on-balance-sheet transactions and was one of the most active ......

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Amazon picks up stake in VC-backed men's apparel brand

Consumer

15 May, 2023

Amazon picks up stake in VC-backed men's apparel brand

E-commerce giant Amazon India has picked up a significant minority stake in a local men's innerwear brand that is already ......

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Harsha Raghavan's Convergent inks second platform deal after creating regional carrier

Consumer

15 May, 2023

Harsha Raghavan's Convergent inks second platform deal after creating regional carrier

Homegrown private equity firm Convergent Finance has bet on a venture newly floated by former executives of an international sportswear ......

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Exclusive: AfricInvest set to ink another PE deal in Morocco

Consumer

12 May, 2023

Exclusive: AfricInvest set to ink another PE deal in Morocco

AfricInvest, a pan-African mid-market asset management platform that has exposure to multiple asset classes, is close to striking what would ......

Gulf digest: Middle eastern startup Chatfood gets acquired; fintech player Twig raises funds

Consumer

12 May, 2023

Gulf digest: Middle eastern startup Chatfood gets acquired; fintech player Twig raises funds

Big ticket pre-seed funding rounds dominated the startup deal making activity in the Gulf region this week, led by a ......