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News on Medial
Domino’s gets brand refresh in India
Livemint
·
1y ago
Medial
Jubilant FoodWorks, the master franchisee for Domino's Pizza in India, is undertaking a brand refresh for the popular pizza chain. The company plans to upgrade its pizza stores, introduce new packaging, and launch a marketing campaign to position pizza as a preferred choice over traditional Indian food. The brand refresh is already in progress, with around 100 stores operating under the new identity. Jubilant FoodWorks aims to renovate around 100 restaurants by the end of the financial year and eventually cover all Domino's outlets in the rebranding effort.
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Related News
Fast-food chains fast track growth
Livemint
·
1y ago
Medial
Pizza chain Domino’s is planning to open around 200 stores every year in India over the next few years. This move comes as organized fast-food players, including McDonald's and KFC, are increasing their store openings in the country. The quick-service restaurant (QSR) market in India is expected to grow by 23% between FY21 and FY25. Domino’s Pizza currently operates 2,000 stores across 421 cities in India, making it the first country outside of the US to reach this milestone. The company aims to take advantage of the massive growth opportunities in India by expanding its presence and investing in technology.
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Sportswear Startup Agilitas Gets Funding From Spring Marketing To Expand Portfolio
Inc42
·
10m ago
Medial
Agilitas Sports, a sports footwear company, has raised funds to boost its brand portfolio, expand its presence in India, and venture into international markets. The company, which aims to cover the entire value chain from manufacturing to retail, recently secured exclusive rights for the Italian sports brand Lotto in India, Australia, and South Africa.
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Fintech startup EnKash gets RBI’s final approval for payment aggregator licence
Inc42
·
1y ago
Medial
Fintech startup EnKash has received the final approval from the Reserve Bank of India (RBI) to operate as a payment aggregator under the brand name 'Olympus'. With this license, EnKash aims to drive innovation in B2B payments. EnKash operates a spend management platform and has issued over 800,000 corporate cards. The startup has raised $23 million in funding to date and counts Mayfield India, Baring India, and Axilor Ventures among its backers. The RBI has granted payment aggregator licenses to other startups like Razorpay, Cashfree Payments, and Open.
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With new energy, JSW Group gets ready to disrupt EV market
Economic Times
·
12d ago
Medial
JSW Group is launching a new automotive division, JSW Motors, focused on new energy vehicles with a $3 billion investment over the next five years. They aim to start releasing passenger cars under the JSW brand by the second half of FY26. Collaborating with companies from Italy, Germany, South Korea, and China, JSW Motors will manufacture vehicles in India, striving to integrate global innovation with India’s strengths in supply chain and digital technology.
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Aurionpro Payment Solutions Gets Final RBI Nod To Operate As Online Payment Aggregator
Inc42
·
1y ago
Medial
Aurionpro Payment Solutions has obtained final approval from the Reserve Bank of India to function as an online payment aggregator under its brand AuroPay. AuroPay will provide comprehensive payment processing services for e-commerce businesses and merchants, streamlining the payment cycle and offering digital workflow automation solutions. This approval by the RBI follows a trend of granting payment aggregator licenses to various companies in recent years.
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Infibeam Avenues Gets RBI Authorisation For Payment Aggregator Licence
Inc42
·
1y ago
Medial
Infibeam Avenues, an AI-powered fintech company, has received authorization from the Reserve Bank of India (RBI) to operate as a payment aggregator for its payment gateway brand, CCAvenue. The company has secured an in-principle approval from the RBI earlier but recently obtained the final license. This is considered a significant boost for Infibeam's payment business, allowing for seamless and secure digital payment growth. Infibeam claims to have more than 10 million merchants on its platform and processed transactions worth $54 billion in FY23. Additionally, the company recently acquired a 20% stake in US-based AI company XDuce for $10 million.
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India’s Wow Momo takes cues from Domino’s for IPO in two years
Livemint
·
10m ago
Medial
Indian fast-food chain Wow Momo Foods is planning to go public within the next two years, as it aims to replicate the rapid expansion of Domino’s Pizza in India. With a valuation of 25 billion rupees ($299.33 million) and a network of 650 stores, Wow Momo wants to become the first major local fast-food chain to go public. The company reported revenue of nearly 4.8 billion rupees for the fiscal year ending in March and aims to double it to 10 billion rupees over the next 30 months. Wow Momo plans to increase its store count to 1,000 and become profitable within two years.
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Boldfit gets Rs 110 cr investment from Bessemer Venture Partners
Economic Times
·
9m ago
Medial
Indian direct-to-consumer fitness brand, Boldfit, has raised INR 110 crore (about $13 million) in funding led by Bessemer Venture Partners. The startup plans to utilize the funds to enhance product innovation and expand its brand presence. Boldfit, founded in 2018, offers fitness accessories, nutritional supplements, sports equipment, and workout apparel. The company has experienced significant revenue growth and aims to further expand into activewear, athleisure, and footwear categories. Boldfit sells its products through various channels and plans to open offline stores in the next 12 to 18 months.
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Myntra gets India franchise rights for UK-based fashion retailer NEXT
IndianStartupNews
·
1y ago
Medial
India's e-commerce giant Myntra has obtained the franchise rights for the UK fashion brand NEXT, enabling them to expand their presence in Asia. The partnership seeks to tap into the growing Indian market by offering a wide range of apparel for men, women, and children through physical stores and online platforms. Myntra plans to initially launch 8-10 NEXT stores in major Indian cities, along with a strong online presence. In addition to NEXT, Myntra will also introduce other brands owned by NEXT, expanding their internationally licensed brand portfolio.
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Subhkam Ventures leads $6.2 million round in EMO Energy
Economic Times
·
7m ago
Medial
EMO Energy, backed by Gruhas, raised $6.2 million in equity funding led by Subhkam Ventures, with participation from other investors. The funds aim to scale two- and three-wheeler solutions to over one lakh vehicles, boost R&D, and expand the team. EMO's solutions, including 20-minute charging and extended battery lifespan, primarily generate revenue from battery sales, expecting software contributions to rise. Serving clients like Kinetic Green and Domino’s, EMO seeks significant revenue growth amidst evolving industry dynamics.
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