Surabhi Negi

Fashion brand Powerlook looks to hit a gross merchandise value (GMV) of Rs 300 crore this financial year, clocking a more than twofold growth over the last year. Powerlook | Raghavendra Pawar | Amar Pawar   Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

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NykaaFashion to Raise ₹125 Crore in Debenture Funding Nykaa, the popular beauty and personal care marketplace led by Falguni Nayar, has announced plans to raise ₹125 crore through non-convertible debentures (NCDs) from a foreign portfolio investor. This move is part of the company’s strategy to bolster its financial position amid increasing competition from rivals like Reliance’s Tira and Tata Cliq. The company's board has approved the issuance of up to 12,500 redeemable NCDs with a face value of ₹1 lakh each, to be raised in dematerialised form via private placement. However, details about the foreign portfolio investor involved have not been disclosed. Key Points: Expansion Plans: Nykaa is focusing on expanding its presence in the GCC (Gulf Cooperation Council) region. The company has already invested ₹20 crore in FSN International and plans to make additional investments through its international arm, Nyssa International. New Subsidiary in Qatar: Nykaa has established a new subsidiary, Nysaa Qatar, to enhance its revenue from international markets. This subsidiary aims to trade in cosmetics, toiletries, beauty and hair care products, perfumes, and beauty soaps. Revenue Projections: The company projects a revenue growth of around 22-23% year-on-year for the first quarter of FY25. Additionally, Nykaa expects its gross merchandise value growth to be in the mid-twenties on a YoY basis. Funding Details: The funds will be raised via non-convertible debentures with a face value of ₹1 lakh each, issued in dematerialised form on a private placement basis to a foreign portfolio investor. #Nykaa #FundingNews #Debenture #GCCExpansion #BeautyIndustry #Investment #Startups #Ecommerce #Growth #MarketExpansion #Zedvox #startupnews #fundingalert

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Reliance Retail’s fashion e-commerce platform Ajio has unveiled an ethnic collection inspired by Netflix and filmmaker Sanjay Leela Bhansali’s series Heeramandi: The Diamond Bazaar. Click on the link below to know more... AJIO.com I Netflix India I Nair Vineeth I Monika Shergill I Shilpa Singh #netflix #ajio #collection #sanjayleelabhansali #heeramandi #netflixseries #ethnicwear #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailbusiness #ir #IndiaRetailing 

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Exciting News in the Fashion Industry! Rare Rabbit, the new-age men’s apparel and fashion brand, is closing its first institutional funding round with a remarkable Rs 500 crore led by A91 Partners! 🚀 This landmark funding round includes participation from industry heavyweights such as Ravi Modi, founder of Vedant Fashions (Manyavar), and Nikhil Kamath, cofounder of Zerodha, who are collectively investing around Rs 150 crore. A91 Partners will contribute the remaining Rs 350 crore. Valuation: Rare Rabbit is now valued at Rs 2,200 crore. Funding Details: The transaction includes Rs 250 crore in primary capital and the rest as a secondary share sale by Akshika and Manish Poddar. Financial Performance: Rare Rabbit achieved over Rs 600 crore in revenue for FY24 with an operating profit exceeding Rs 100 crore, marking a stellar 60% YoY growth. Expansion Plans: Post-funding, the brand plans to aggressively expand its physical store footprint, focusing on tier-II and tier-III cities alongside major metros. Founded in 2015 and housed under Radhamani Textiles, Rare Rabbit has been a trailblazer in the D2C fashion segment, showcasing impressive growth even in a challenging market. The brand’s journey continues to push boundaries and set new benchmarks in the fashion industry. Stay tuned for more updates on this exciting new chapter! #RareRabbit #FundingNews #FashionIndustry #D2C #Investment #Growth #MensFashion #A91Partners #BusinessExpansion https://lnkd.in/g8St_k-5

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French Luxury brand Chanel has opened a new store at the DLF Mall of India, a social media post by the real estate giant DLF said on Wednesday. CHANEL | DLF Malls | Pushpa Bector Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

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