Written By Meera Vankipuram Urban Ladder’s co-founder Rajiv Srivatsa quit last month BENGALURU : Urban Ladder Home Decor Solutions Pvt. Ltd, which owns online furniture retailer Urban Ladder, turned profitable in 2018-19 despite a slew of challenges, including top level exits and its inability to raise more funds. The Bengaluru-based firm reported net profit of ₹49 crore in 2018-19, on a standalone basis. For fiscal 2018, it suffered a loss of ₹118.66 crore. Its revenue rose 187% from ₹151 crore in FY18 to ₹434 crore this fiscal, showed documents filed with the Registrar of Companies, and accessed by business intelligence…
Written By Editor All schools in India have been asked to set up “school nutrition gardens” by the central government. The gardens will have to be managed by the students, with the help of staff and teachers. The Ministry of Human Resource Development (HRD), which governs the education sector, issued guidelines for developing and maintaining kitchen gardens in schools in both urban and rural areas. The Government’s aim is to improve nutrition in schools, and also to connect children with the sources of food in an era of rapid urbanization and mounting environmental issues. However, some schools have already embarked…
ndustry reports suggest that Italian cuisine is the second most popular international cuisine in India, after Chinese, due to the presence of several QSR chains. It isn’t, therefore, a surprise that companies like Del Monte want to ride this wave. Written By Devika Singh To boost growth, Del Monte has taken its offerings to smaller towns. But is the market ready for gourmet Italian food products? For long, Del Monte has had a B2B focus, mostly seen as an accompaniment to meals in quick-service restaurants (QSRs). The company now strives to remodel itself as a consumer brand by employing a…
Written By ET Bureau BENGALURU | MUMBAI: Walmart-owned Flipkart is entering food retail in India, where consumers spend about $500 billion on groceries annually. Newly registered Flipkart FarmerMart, with an authorised equity capital of Rs 1,845 crore, will sell items produced locally. Sales will initially be online, although the company can also sell through physical stores. “In line with the government of India’s FDI (foreign direct investment) policy, Source: economictimes
Indian tea brands want a piece of this steaming hot business. Written By Devika Singh The company now plans to expand to the North Indian cities of Gurugram, Chandigarh, Amritsar and Lucknow, among others. Homegrown tea makers are foraying into quick-service restaurants (QSRs) to tap into the ‘eating out’ culture in India and grow the business. But competition is aplenty — global brands have a formidable presence in India’s QSR scene, even as start-up brands such as Chai Point and Chaayos are gaining traction. According to a report by CARE Ratings, the total market size of QSRs in India is…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
