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Softbank offloads minor stake in FirstCry ahead of IPO

Consumer

23 August, 2023

Softbank offloads minor stake in FirstCry ahead of IPO

Japan’s SoftBank, a big-ticket private equity investor in India, has sold shares of Brainbees Solutions Pvt. Ltd, which operates kids-focussed ......

Qatar Investment Authority pumps $1 bn into RIL's retail arm

Consumer

23 August, 2023

Qatar Investment Authority pumps $1 bn into RIL's retail arm

Qatar’s sovereign wealth fund, the Qatar Investment Authority has invested Rs 8,278 crore (around $1 billion) for a 0.99% stake ......

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Amazon Smbhav looks to expand lifestyle ambit with fresh beauty, personal care bet

Consumer

22 August, 2023

Amazon Smbhav looks to expand lifestyle ambit with fresh beauty, personal care bet

E-commerce giant Amazon’s SME-focussed fund is in advanced stages of discussion to pick up a minority stake in a direct-to-consumer ......

Bata India mulling strategic partnership with sportswear major Adidas: Report

Consumer

17 August, 2023

Bata India mulling strategic partnership with sportswear major Adidas: Report

Bata India is in talks with Adidas for a strategic partnership that could likely boost the German sportswear maker's presence ......

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 financial ......

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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 category, which ......

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 Ambareesh Murty died of a cardiac arrest in Leh, Ladakh on the night of ......

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 & ......

Sleepwell mattress maker Sheela Foam to buy Kurl-on, invest in Furlenco

Consumer

17 July, 2023

Sleepwell mattress maker Sheela Foam to buy Kurl-on, invest in Furlenco

Sheela Foam, owner of Sleepwell brand, has agreed to acquire rival mattress maker Kurlon and a 35% stake in furniture ......