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Mamaearth’s parent company still in talks with Sebi on IPO; awaits approval

The clarification comes after certain media reported that the company has put its initial public offering (IPO) on hold amid weak market conditionsNew Delhi: Honasa Consumer Ltd, which owns FMCG brands Mamaearth and The Derma Co, on Monday said it...

Everstone Capital hires Oyo’s Mayur Hola as head of marketing for its food venture

Mayur Hola will report to Dev Amritesh, chief executive of Culinary Brands, the India master franchisee of US-based sandwich brand SubwayNew Delhi: Everstone Capital’s food venture Culinary Brands Pvt. Ltd. has hired Mayur Hola as the head of...

India Inc hails implementation of GST

The Goods and Services Tax (GST) is on schedule for implementation from July 1. Hailed as the biggest tax reform since India’s independence, GST will replace an array of central and state levies with a national sales tax, thereby...

MobiKwik raises US$ 40 million from Net1

Gurugram-based digital wallet start-up MobiKwik has raised US$40 million (nearly Rs 270 crore) from Net1, a South African payments technology entity specialising in developing solutions for the unbanked in developing nations. Net1 is listed on Nasdaq, the American stock exchange,...

MobiKwik pivots business strategy; targets profits by April 2018

Gurugram-based mobile payments network MobiKwik aims to become profitable by April 2018, as it pivots its business strategy to increase presence in the offline space, a senior company official said. "We expect to become profitable by 2018 and continue to...

Fund raising in the Indian e-commerce declines 50 pc

Fund raising in the Indian e-commerce sector declined 50 per cent in the April-June quarter over the same period of last fiscal, investment bank and securities firm Jefferies Group said. "Private funding in the Indian e-commerce sector has declined 50...

Lilliput bent on adding more to kidswear bouquet

With the aim of becoming a complete lifestyle label for kids, Lilliput has launched on a major extension spree. The kidswear brand is not only extending its retail presence, but also the product categories.“We started as an apparel company...

Spykar to unveil OYO for kids and VOTO for youth

With an aim of extending high-fashion experience to kids and add elegance in 25 years-plus generation’s wardrobe, fashion brand Spykar Lifetyle is set to introduce OYO, a premium kidswear fashion brand, and VOTO, a premium brand for youth.“We are...
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Honasa Consumer posts Q4 profit at Rs 30.47 cr, sales up 21.5% at Rs 471 cr

Its revenue from operations grew 21.46% to Rs 471.09 crore in the fourth quarter of this fiscal. It was...
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