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News on Medial
Ashwin Sheth Group buys 50% stake, PAG pours ₹540 cr in posh south Mumbai tower
Livemint
·
1m ago
Medial
Ashwin Sheth Group has acquired a 50% stake in the luxury residential project 'One Marina' in South Mumbai. The project, a stalled 74-storey tower, will receive a ₹540 crore credit finance boost from the Asia-focused investment firm PAG, targeting a gross development value of ₹2,300 crore. This two-way strategic deal allows existing lender J.C. Flowers Asset Reconstruction Pvt. Ltd an exit and aims to make One Marina a premium residential address in the area.
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Ashwin Sheth eyes over 10 housing projects, nearly ₹30,000 cr sales in 2025
Livemint
·
6m ago
Medial
Ashwin Sheth Group, a real estate developer, plans to launch over 10 housing projects by 2025 and enter the Bengaluru market. The group anticipates a potential gross development value of ₹30,000 crore from these projects. To fund its expansion, the company is considering an IPO in the next 12-18 months. The group is targeting the premium and luxury real estate segments, with a focus on strategic partnerships and joint ventures to minimize debt.
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Kunal Shah-backed Blox buys into real estate advisory firm Guardians
VCCircle
·
8m ago
Medial
Blox, the proptech platform backed by Kunal Shah, is acquiring an 11% stake in Mumbai-based real estate advisory firm Guardians for around $12 million. Blox plans to increase its stake to 50% over the next three years as part of its expansion strategy. The company aims to consolidate its market share in Mumbai before expanding to other cities like NCR and Bangalore. With this acquisition, Blox aims to increase its gross transaction value to $10 billion in the next five years. Previously, Blox acquired real estate brokerage firm Justo and Plinthstone REMA.
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From snacks to soft drinks, Delhi is now India’s FMCG capital: West spends the most, South buys the most
Economic Times
·
1m ago
Medial
Delhi has become the FMCG capital of India, with households in West Delhi spending the most on fast-moving consumer goods. Families in clusters like Tilak Nagar and Janakpuri spend more than double the national average, while South Delhi homes buy the largest quantities. In contrast, Bengaluru records the highest expenditure on premium FMCG products. Mumbai residents shop frequently, making 233 shopping trips annually, albeit with smaller baskets compared to other cities.
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CloudExtel raises external debt of Rs 200 Cr
YourStory
·
1y ago
Medial
Mumbai-based Network-as-a-Service provider CloudExtel has received Rs 150 crore in external debt from NIIF Infrastructure Finance Limited, and an additional Rs 50 crore from Aditya Birla Finance Limited to grow its market presence in fiber and small cells deployment. The company has also received first-time credit rating of 'A-' from CARE Ratings Limited.
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Ladurée’s local arm mulls ₹60 cr offline store expansion
Livemint
·
1y ago
Medial
CK Lifestyle LLP, the Indian unit of CK Israni Group, plans to open about 20 outlets of luxury Parisian pastry chain Ladurée in India over the next three years. The company, which acquired the master franchise rights in India, will invest ₹50-60 crore in developing the stores. Currently, there are four Ladurée stores in Delhi-NCR, with the next expansion phase set to target Mumbai, Kolkata, Bengaluru, and Pune. CK Lifestyle aims for profitability within five years and expects a 50% annual growth in operations.
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Raymond shares rise 2% as subsidiary bags new realty project worth Rs 2,000-cr
Money Control
·
1y ago
Medial
Shares of Raymond Limited have surged 2 percent to Rs 2,600 after its real estate arm, Raymond Realty, was chosen for the redevelopment of a residential project in Bandra East, Mumbai. The project is estimated to generate a revenue of over Rs 2,000 crore and is in line with the company's growth plans for real estate development in the Mumbai Metropolitan Region. The shares of Raymond have rallied nearly 50 percent since the beginning of the year.
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John Abraham-backed NOTO Ice Cream raises Rs 15 Cr
Entrackr
·
5m ago
Medial
John Abraham-backed NOTO Ice Cream has raised Rs 15 crore ($1.75 million) in a growth funding round led by Inflection Point Ventures (IPV), with participation from JITO Incubation and Innovation Foundation and LetsVenture. Prior to this, the Mumbai-based brand had raised Rs 4 crore in a pre-Series A round, which saw investments from Titan Capital, Rockstud Capital, Bollywood actor John Abraham, WEH Ventures, and other angel investors. The proceeds from this round will be used to accelerate expansion into Tier 1 and Tier 2 cities, drive product innovation, strengthen marketing efforts, and enhance offline presence to increase brand awareness, NOTO stated in a press release. Co-founded in 2019 by Varun and Ashni Sheth, NOTO Ice Cream aims to revolutionize the ice cream industry by offering indulgent yet healthy options that do not compromise on taste. The brand focuses on providing healthier alternatives without sacrificing flavor. It offers ice creams that are low-calorie, high-protein, and contain little to no sugar, allowing health-conscious consumers to indulge guilt-free. NOTO’s product range includes ice cream tubs and popsicles, Greek yogurt cheesecakes, and vitamin C-fortified fruit popsicles. The brand claims that its ice creams contain prebiotic fiber and protein and have no preservatives, artificial sweeteners, flavors, or colors, with 75% less sugar than regular ice cream. NOTO’s products are available on delivery platforms such as Swiggy, Zomato, Zepto, BigBasket, Instamart, and Blinkit. The company is also planning to expand its offline presence to reduce dependency on a single sales channel. According to market research, the Indian ice cream market was valued at Rs 228.6 billion in 2023 and is projected to reach Rs 956 billion by 2032. NOTO has already expanded across Mumbai, Delhi, Bangalore, Hyderabad, Chennai, and Pune, with plans to scale into Ahmedabad, Kolkata, and Lucknow. The brand competes with other players in the healthy ice cream space, including Habit Health, Get-A-Whey, Good Fettle, Papacream, and Nomou, among others.
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The Sleep Company Rolls Out Second Tranche Of INR 2.4 Cr ESOP Buyback For Employees
Inc42
·
1y ago
Medial
Mumbai-based sleep solutions startup The Sleep Company has announced a second tranche of an employee stock ownership plan (ESOP) buyback worth INR 2.4 crore ($322,000). This buyback will benefit 105 employees, including 50% women, and follows a previous buyback worth INR 83.47 lakh ($112,000) that benefited 62 employees. Founded in 2019, The Sleep Company offers smart mattresses, chairs, comforters, recliner beds, and pillows using patented SmartGRID technology. The company aims to expand its retail presence and become a INR 1,000 crore ($134 million) company in the next two years.
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Cybersecurity startup Deep Algorithm raises Rs 10.8 Cr in seed round
Entrackr
·
10d ago
Medial
Deep Algorithm Solutions, a cybersecurity and AI startup focused on fraud prevention in digital financial ecosystems, has raised Rs 10.8 crore (around $1.25 million) in a seed funding round led by Unicorn India Ventures, with participation from angel investors. The funding will be used to expand its engineering and threat intelligence teams, scale GTM efforts in India and Southeast Asia, and deepen platform integrations with systems like Azure AD and Okta. Founded in 2021, Deep Algorithm operates on a B2B model, offering enterprise-grade security products such as adapIDAI, an adaptive behavioral intelligence identity engine, and BotShield, a tool designed for zero-day threat prevention, DDOS mitigation, and runtime application protection. The startup provides continuous authentication and fraud analytics tailored for BFSI and other high-risk digital ecosystems. According to the Mumbai-based firm, it has completed live deployments at a major private bank, a government organization, and a private hospital. It also holds a government-issued patent and has filed an international patent. Deep Algorithm is now expanding into BFSI hubs like Mumbai and Bengaluru, and exploring partnerships in Kenya, South Africa, and the UAE. It is also building a SaaS model and analytics dashboards for mid-market clients and risk teams.
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DB Realty leases 186 acres of land in Mira Road to BMC for Rs 248 cr annual rent
Money Control
·
1y ago
Medial
DB Realty has handed 186 acres of its land to the Mumbai Civic Body for a period of three years, with a possible extension of two more years. The land has been given at a price of Rs 248 crore ($33.6 million) for the construction of the coastal road project. DB Realty's Mira land has a development potential of over 50 million square feet and is expected to be used for an integrated township once infrastructure is completed. The company has also changed its name to Valor Estate Limited.
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