Author: lakshmanan
Wealth Management Firm Acquires ₹100 Crore Stake in OYO’s Parent Company at ₹53 per Share In a significant move that underscores the resilience of India’s travel tech ecosystem, Nuvama Wealth and Investment Limited has made a strategic investment in OYO, acquiring shares worth ₹100 crore in the company’s parent firm, Oravel Stays Limited. The transaction, executed at ₹53 per share through a secondary market deal, values the hospitality unicorn at approximately $4.6 billion and highlights the ongoing investor interest in the travel technology sector. The share acquisition, facilitated on behalf of a cluster of family offices, represents more than a…
Innovative Mobility Startup Demonstrates Resilience, Reporting 54% Revenue Increase and Significant Loss Reduction in Fiscal Year 2024 In a landmark development for the Indian mobility and technology ecosystem, CarDekho Group has reported a transformative financial performance for fiscal year 2024, showcasing remarkable strategic pivot and operational excellence. The Gurugram-based startup, founded by Amit and Anurag Jain, has not only weathered challenging market conditions but emerged with a compelling narrative of diversification, technological innovation, and sustainable growth. The company’s financial results reveal a nuanced story of strategic transformation. While net revenue experienced an 11% fall, the group simultaneously reported a substantial…
Eyewear Startup Expands Manufacturing Capabilities with Landmark Investment in Fab City, Targeting Regional and Global Markets BENGALURU: In a significant move that underscores the dynamism of India’s startup ecosystem, Lenskart, the rapidly growing eyewear company, has announced plans to establish its largest manufacturing facility in Telangana, with an investment of Rs 1,500 crore. The strategic investment signals the company’s ambitious expansion plans and commitment to scaling up domestic manufacturing capabilities. The facility, set to be located at Fab City, represents a major strategic bet for Lenskart, which has been making waves in the eyewear industry with its innovative click-and-mortar business…
Lupin Limited is one of India’s most prominent pharmaceutical companies, with a strong foothold in the global generics market and emerging biosimilars. Established in 1968 by Dr. Desh Bandhu Gupta, the company has grown into a leader in multiple therapeutic areas, with a focus on affordable, high-quality healthcare solutions. Operating in over 100 countries, Lupin has set benchmarks in innovation, manufacturing, and sustainability.This article provides a comprehensive analysis of Lupin Limited’s business operations, growth strategy, financial health, R&D focus, and its competitive edge in the global pharmaceutical industry.Company OverviewFounded in Mumbai, Lupin began its journey producing tuberculosis (TB) medications, becoming…
Cipla Limited is a leading global pharmaceutical company headquartered in Mumbai, India. Established in 1935, Cipla has been a pioneer in the healthcare sector with a focus on affordable, high-quality medicines. It operates in multiple therapeutic areas and markets across the globe.Key Information on Cipla:Basic Company DetailsFounded: 1935Founder: Dr. Khwaja Abdul HamiedHeadquarters: Mumbai, IndiaCEO: Umang Vohra (as of 2024)Industry: Pharmaceuticals, HealthcareStock Listings: Listed on BSE and NSE under the ticker symbol CIPLA.Global Presence: Active in over 80 countries, with strong markets in India, the U.S., South Africa, and key emerging markets.Business OverviewCipla focuses on the development, manufacturing, and sale of:Active…
Biocon Limited, India’s pioneering biotechnology company, has established itself as a global leader in biosimilars and affordable healthcare solutions. Founded in 1978 by Kiran Mazumdar-Shaw, Biocon focuses on addressing global healthcare challenges with low-cost, innovative biologics for chronic diseases like diabetes, cancer, and immunological disorders.This article delves into Biocon’s product portfolio, strategic growth, financial performance, and future prospects as it continues to revolutionize the biopharma industry.Biocon: An Overview of the Biopharmaceutical LeaderBiocon’s vision revolves around affordable innovation, catering to unmet medical needs across the globe. The company operates through three key segments:Biosimilars: Affordable alternatives to biologic drugs for global markets.Research…
The global superfood market is experiencing rapid growth, and The Divine Foods, founded in 2019, is capitalizing on this trend by offering consumers premium, health-focused products that merge Indian traditional wellness with modern dietary needs. With a strong presence in the direct-to-consumer (D2C) space, this Tamil Nadu-based startup is already making waves in India and internationally. By focusing on sustainability, ethical sourcing, and a unique range of functional foods, The Divine Foods is setting new standards in the health food industry.The Brand Vision: A Commitment to Tradition and WellnessThe Divine Foods has a clear mission: to bring authentic Indian superfoods…
In recent years, India’s e-commerce landscape has grown at an astonishing rate, driven by the rise of Direct-to-Consumer (D2C) brands and the increasing demand for faster delivery. One company leading the charge in optimizing this sector is Shiprocket, an innovative logistics platform. By offering tech-driven solutions that simplify shipping for small and medium-sized enterprises (SMEs), Shiprocket has empowered thousands of businesses to scale efficiently, both domestically and internationally.This article delves into Shiprocket’s journey, its core services, market impact, and what makes it a critical player in India’s logistics ecosystem.The Rise of Shiprocket: Foundation and VisionShiprocket was founded in 2017 by…
Ninjacart, an Indian agritech powerhouse, is redefining the agricultural supply chain by leveraging technology to connect farmers directly with retailers. This innovative approach reduces intermediaries, improves farmers’ earnings, and delivers fresh produce faster to end consumers. This article explores Ninjacart’s journey, the tech that drives it, its impact, and what the future holds for this groundbreaking company and India’s agritech sector.Understanding Ninjacart’s Business Model and OperationsNinjacart operates on a farm-to-retail model, directly connecting farmers with businesses such as grocery stores, supermarkets, and small retailers. By bypassing traditional middlemen, Ninjacart reduces delays, preserves freshness, and allows farmers to secure better prices…
As industries around the world grapple with the growing need for environmental responsibility, technologies aimed at improving air quality and reducing pollution have become essential. Devic Earth, an Indian-based green tech company, is addressing this need through its flagship product, Pure Skies, which uses pulsed radio waves to tackle air pollution in a novel way. This article delves into Devic Earth’s approach, technology, applications, and its potential to drive sustainable change in industries heavily affected by pollution.What is Devic Earth? A Green Tech InnovatorFounded in 2018 by former cardiologist Dr. Srikanth Sola, Devic Earth aims to combat pollution’s health impacts…