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News on Medial
L’Oréal plans growth blitz to double India biz in 3-5 years
Livemint
·
1y ago
Medial
L'Oréal India is setting its sights on becoming the country's number-one beauty brand. Currently second only to Hindustan Unilever, L'Oréal is hoping to double its business in the next three to five years. The company plans to focus on skincare, expand its presence in retail stores, e-commerce, and pharmacies, and tap into the growing market for dermatological products. India's beauty and personal care market is projected to reach $30 billion by 2027, with online sales making up around 33% of the market.
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L’Oréal India seeks to amp up its online play, aims to become €1 bn business
Livemint
·
1y ago
Medial
L'Oréal India aims to double its business in the next 3-4 years, reaching a target of Euro 1 billion. The company believes that despite the slowdown in the FMCG industry, they are shielded because they focus on the top-end segment in urban India. E-commerce is a major growth driver for L'Oréal, accounting for more than one fifth of its business in terms of value. The company expects the number of Indian consumers buying beauty products online to increase from 50 million to 150 million in the next 3-4 years. L'Oréal estimates that 50% of its growth in the next 4-5 years will come from e-commerce.
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GetVantage launches AI-powered GrowthSahay, commits Rs 500 crore for MSME financing
Economic Times
·
5m ago
Medial
GetVantage, a fintech firm, introduced GrowthSahay, an AI-driven platform offering unsecured, non-dilutive working capital financing for MSMEs, ranging from Rs 1 lakh to Rs 1 crore. Targeting GST-registered MSMEs, it operates digitally and quickly, providing funding based on cash flows. The initiative aims to double credit access for MSMEs in India over the next 3–5 years, aligning with the government’s mission to strengthen this sector and support the country's economic growth to a $5 trillion economy.
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iSPIRT unveils priority sector lenders' body, to help small businesses
YourStory
·
6m ago
Medial
iSPIRT has formed the Priority Sector Lenders Association of India (PSLAI) with members like UGRO Capital and IIFL to enhance loans under Priority Sector Lending norms. Focusing on sectors like MSMEs, PSLAI aims to double credit in this sector to Rs 130 trillion within 3-5 years through digital infrastructure and policy support. Led by Priyashmita Guha, PSLAI seeks to reform policies and unite stakeholders to address PSL challenges.
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Our aspiration is to get into double-digit revenue growth: Marico
Livemint
·
1y ago
Medial
Indian consumer goods company Marico reported a 3% increase in volumes for its India business in the March quarter. The company aims to improve its top-line in the coming quarters after experiencing price cuts in its Saffola edible oil portfolio. Marico plans to enhance its direct distribution in rural markets and expand its presence in urban areas. The company also intends to focus on the premium end of its value-added hair oil portfolio and aims to achieve double-digit revenue growth in the future. Furthermore, Marico has set targets to double its food, premium personal care, and digital-first brands over the next three years.
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Skoda to scale up pre-owned biz, bolster sales network to double sales this year
Economic Times
·
1m ago
Medial
Czech carmaker Skoda plans to expand its pre-owned car business, enter the CNG segment, and increase its sales network to double its Indian market sales. With a push from its SUV portfolio, including a compact SUV, Skoda aims to enhance its market share to 2.5-3% by year-end. It also plans to boost its pre-owned cars operation and explore powertrain options like CNG to maintain relevance, focusing on semi-urban buyers.
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Logistics startup Porter eyes more small cities for growth
Livemint
·
9m ago
Medial
Bengaluru-based logistics startup Porter plans to double its presence in India to nearly 40 cities over the next 3-4 years. The company offers a logistics platform for last-mile delivery operations to businesses and has seen significant growth, with revenue increasing by 56% to over INR 2,700 crore in FY24. Porter is also expanding internationally and entered the Dubai market in 2020. Additionally, the company has launched new initiatives such as parcel delivery and home shifting services. Porter has raised $150 million in funding and became a unicorn earlier this year.
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Same-day delivery platform Blitz raised $3 million in funds
Startup News FYI
·
2y ago
Medial
Same-day delivery platform Blitz raised $3 million in funding. The startup offers fast, efficient delivery services, attracting investors eager to support its growth. With the newly acquired funds, Blitz aims to expand its operations, enhance technology, and further establish its presence in the competitive market.
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PVR Inox plans a new show with revamped biz plan
Livemint
·
1y ago
Medial
PVR Inox, the largest multiplex chain in India, is shifting towards an asset-light model to reduce debt and improve operational performance. The company plans to shut non-performing screens, renegotiate rental contracts, and optimize capital expenditure to achieve positive cash flow. PVR Inox aims to be a net-debt-free company within 2-3 years by monetizing real estate assets and reducing capex. The company will also repurpose certain cinemas for other activities and focus on revenue-sharing deals. The strategic restructuring aims to drive value creation and better returns on investment.
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JSW Cement promises expansion spree to double capacity but says no to buyouts
Livemint
·
4d ago
Medial
JSW Cement plans to double its production capacity to 42 million tonnes within four years by using IPO proceeds and group synergies, according to managing director Parth Jindal. The company aims to leverage access to slag from JSW Steel to produce cost-effective GGBS cement. This expansion targets a greater presence in central and northern India, with the goal of increasing its market share from the current 3% to 10% in India’s competitive cement industry.
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Air India aims to double transit international traffic
Livemint
·
1y ago
Medial
Air India, backed by the Tata Group, aims to double the share of international passengers transiting through Indian airports on its flights. Currently at around 4%, Air India expects this share to reach 10% over the next 5-10 years. The airline plans to leverage partnerships with Singapore Airlines and Lufthansa to expand its international network, starting with South Asian destinations like Colombo, Kathmandu, and Dhaka. Air India has placed an order for 470 aircraft, including 70 wide-body planes, and intends to provide long-haul non-stop connectivity to metro cities in India.
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