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Astroyogi expands into retail with launch of ‘Yogii’

EntrackrEntrackr · 6m ago
Astroyogi expands into retail with launch of ‘Yogii’
Medial

Astroyogi expands into retail with the launch of ‘Yogii’ Astrology and wellness platform Astroyogi has announced its strategic expansion into the retail sector with the launch of 'Yogii by Astroyogi'. This latest addition to its brand portfolio aims to address the critical need for authenticated spiritual products in a traditionally unorganized and unregulated market. According to Astroyogi, this initiative marks a significant step toward introducing structure, reliability, and quality assurance to the industry. The launch seeks to eliminate the widespread issue of counterfeit and low-quality products flooding the market. Yogii by Astroyogi directly tackles these concerns by implementing rigorous verification processes and quality standards previously absent in this fragmented sector. Market research estimates the astro-spiritual products market to be valued at over ₹60 billion. Astroyogi states that its collection includes ethically sourced Rudraksha beads and malas, directly obtained from Nepal and Indonesia. Each piece comes with a guarantee certificate verifying its origin, type, and energy properties, ensuring both authenticity and effectiveness. The brand also offers a diverse selection of healing crystals, available in various forms such as bracelets, pyramids, and raw stones, designed for precise energy balancing and healing. Additionally, Yogii presents an eco-friendly range of puja products, including premium natural agarbatti, sambrani, dhoop, and traditional puja oils. The company claims that each Yogii product undergoes a multi-tiered quality verification protocol developed by spiritual experts and traditional practitioners. Beyond retail excellence, Yogii introduces the Karma and Destiny Initiative, wherein a significant portion of every sale supports the education of underprivileged children in rural India. This program embodies the brand’s commitment to merging spiritual well-being with social responsibility, creating a cycle of positive energy that benefits both practitioners and communities in need. Astroyogi’s revenue from operations grew to Rs 84.3 crore in FY24 from Rs 66.7 crore in FY23, reflecting a 26.3% year-on-year increase while maintaining strong unit economics. Astroyogi states that it serves over 3 million global users with a network of more than 5,000 verified professionals offering services in over 11 languages.

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Star Localmart acquires DusMinute, expands to 170 stores

EntrackrEntrackr · 10h ago
Star Localmart acquires DusMinute, expands to 170 stores
Medial

Star Localmart acquires DusMinute, expands to 170 stores Star Localmart, the retail arm of the Sanjay Ghodawat Group (SGG), has acquired DusMinute, a Bengaluru-based retail chain operating in gated communities, for an undisclosed amount. With this acquisition, Star Localmart’s network grows to 170 stores. The firm focuses on tier-II to tier-VI towns, offering modern supermarket formats to rural consumers. It has announced expansion across Maharashtra, Karnataka, Goa, Andhra Pradesh, and Telangana. The long-term goal is to scale up to 3,000 stores by 2030 and achieve revenues of Rs 5,000 crore in the next five years. DusMinute operates 40 stores inside residential complexes and delivers daily essentials such as groceries, fruits, vegetables, and household items. The chain also provides app-based doorstep delivery for added convenience. This aligns with Star Localmart’s mission to bring modern, affordable retail to every community. In July 2023, DusMinute raised Rs 11.5 crore in a bridge round led by Inflection Point Ventures with participation from banker Bandana Kankani. Its investors also include Indian Angel Network and a few angel investors. Star Localmart currently operates over 130 stores across 50 towns in Western Maharashtra and Northern Karnataka. Each store carries over 3,000 SKUs, blending national, regional, and local brands. The company also emphasizes job creation and training in the communities it serves. Founded in 2020, Star Localmart is building a retail network in smaller towns through compact, multi-brand stores. By combining DusMinute’s hyperlocal model with its expanding reach, Star Localmart is positioned to deepen consumer connections and strengthen leadership in India’s regional retail ecosystem.

Reliance launches AI unit with Google and Meta as partners

EntrackrEntrackr · 3d ago
Reliance launches AI unit with Google and Meta as partners
Medial

Reliance Industries Limited (RIL) has announced the launch of a new artificial intelligence focused subsidiary Reliance Intelligence with Google and Meta onboard as strategic partners. The new unit will focus on four key areas which include setting up gigawatt scale AI ready data centres in Jamnagar, forging partnerships with global technology companies and open source communities, deploying AI solutions across sectors such as education, healthcare, agriculture and small businesses, and attracting global AI talent to India. Google CEO Sundar Pichai said the company will work with Reliance to bring AI across its businesses covering energy, retail, telecom and financial services. Both companies will also establish a dedicated Jamnagar Cloud region for Reliance. Reliance will also create a joint venture with Meta to build sovereign enterprise ready AI platforms for Indian companies and government entities. The partnership will combine Meta’s open source Llama models with Reliance’s scale in energy, telecom, retail and manufacturing. Meta CEO Mark Zuckerberg said the venture aims to ensure access to AI for everyone in India and eventually to superintelligence. The launch reflects Reliance’s ambition to expand beyond its oil to chemicals operations into technology and new age sectors. Over the past few years, the conglomerate has scaled Jio into India’s largest telecom operator, built Reliance Retail into a global retail powerhouse, and committed billions to clean energy giga factories. Mukesh Ambani said Jio delivered digital everywhere for every Indian and Reliance Intelligence will deliver AI everywhere for every Indian.

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