🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
India importing Swiss watches at a scorching pace, worth ₹2400 crore of watche
Livemint
·
7m ago
Medial
Wealthy Indian consumers are increasingly investing in bespoke luxury watches from renowned global watchmakers, reflecting a growing trend in high-end timepiece imports. In 2024, Indian imports of Swiss watches rose by 27.6% year-on-year, with the luxury market seeing a surge in demand for unique, handcrafted pieces. This growth is fueled by affluent buyers seeking exclusive items beyond mainstream brands, indicating an evolving market preference towards distinctive, heritage-rich timepieces.
View Source
Related News
India’s time has come: Inside the rise of the luxury watch market
Livemint
·
2m ago
Medial
In the first five months of 2025, exports of Swiss watches to India increased by over 10% as the country emerged as a significant player in the global luxury watch market. Driven by aspirational buyers and evolving tastes, these exports reached 104.3 million Swiss francs, up from 94.2 million francs the previous year. The trend reflects India's growing appetite for luxury timepieces, marking continued growth after a strong performance in 2024.
View Source
Buzzing Stocks: RVNL, IndiGo, Vodafone Idea, GAIL, Adani Ent, M&M, BSE and others in news
Money Control
·
1y ago
Medial
Rail Vikas Nigam has been awarded a project worth Rs 1,298.2 crore to develop distribution infrastructure in Himachal Pradesh. IndiGo co-founder Rakesh Gangwal is considering selling up to a 5.8% stake in InterGlobe Aviation to raise nearly Rs 6,600 crore. GAIL, ONGC, and Shell Energy India have signed an MoU to explore opportunities for importing ethane and other hydrocarbons. Vodafone Idea is seeking shareholder approval to issue securities worth Rs 20,000 crore. And Adani Enterprises has inaugurated the integrated terminal 3 of the Chaudhary Charan Singh International Airport.
View Source
Argos Watches raises Rs 6.5 Cr in Angel round
Entrackr
·
5m ago
Medial
Argos Watches raises Rs 6.5 Cr in Angel round Indian luxury watch brand Argos Watches has raised Rs 6.5 crore (around $780K) in an angel funding round, valuing the company at Rs 45 crore ($5.4 million) from a group of high-net-worth Indian investors. The proceeds will be used to create new products, build brand awareness, and grow online. Argos aims to double its revenue this year. Founded by Mr. M. Shahiwala, Argos brand offers high-quality, vintage-style automatic and hand-wound watches at affordable prices. It sells its watches only through its website, using a direct-to-consumer model to offer an easy buying experience. Its watches cost between Rs 8,000 and Rs 20,000. Its Apollo series and flagship Olympus watch, a mechanical watch with a power reserve indicator, have gained popularity among Indian watch enthusiasts. As of 2025, Argos remains bootstrapped, with an estimated revenue of around $580,000 annually. The brand plans to launch more models with advanced features while continuing to build its brand through community engagement and digital presence.
View Source
Apple files appeal after Biden administration allows US ban on watch imports
Economic Times
·
1y ago
Medial
Apple has filed an appeal after the Biden administration allowed a US ban on the import of Apple Watches. The ban was imposed by the Trump administration as a result of a patent dispute between Apple and a company called Uniloc. Apple has been trying to avoid the ban and continue importing the popular smartwatches.
View Source
Titan’s Helios to launch exclusive luxury watch stores as demand surges
Livemint
·
11m ago
Medial
- Helios—The Watch Store is planning to launch exclusive outlets for luxury watches in India. - The first store, called 'Helios Luxe', will open at Delhi’s T1 terminal this month, followed by stores in Goa, Chennai, Bengaluru, and Mumbai. - India has shown the fastest growth in demand for Swiss timepieces globally, with imports in this category rising by 23% in the first nine months of 2024. - Helios is the fastest-growing segment for Titan Co. Ltd's watches and wearables business, with revenue increasing by 18.4% in FY24. - Helios plans to expand its bridge-to-luxury portfolio by launching three to four new brands this year. - The company is intensifying its digital marketing efforts, with 25% of its digital advertising budget being spent on Instagram to attract millennials and Gen Z consumers.
View Source
India-EFTA trade pact to be implemented from Oct 1: Goyal
Economic Times
·
1m ago
Medial
The free trade agreement between India and the European Free Trade Association (EFTA) will be implemented from October 1. This pact, signed on March 10, 2024, promises India an investment commitment of USD 100 billion over 15 years while reducing duties on products like Swiss watches and chocolates. EFTA members include Iceland, Liechtenstein, Norway, and Switzerland. This agreement aims to create 1 million direct jobs in India and strengthen trade ties with these nations.
View Source
FTA will help reduce luxury watch taxes: Panerai CEO Pontroué
Livemint
·
10m ago
Medial
- Panerai sees India as a promising market for luxury timepieces, aiming to make it to its top 10 or even top five countries by 2030. - The recent India-European Free Trade Association agreement, signed in 2024, aims to reduce taxes on luxury Swiss watches in India over the next eight years. - Panerai has experienced double-digit growth in India and plans to open a fourth boutique in Bengaluru by October 2024. - Panerai's approach diverges from market trends, focusing on larger dial watches and not following the digital or quartz watch trend. - The company sees digital watches as a complementary market that could convert some users to luxury timepieces in the future. - While India is not yet among Panerai's top 10 markets, the brand is optimistic about India's potential, especially as China's luxury market experiences a downturn.
View Source
India, EFTA trade pact to bring stability, predictability in partnership: Piyush Goyal
YourStory
·
2m ago
Medial
The free trade agreement (FTA) between India and the European bloc EFTA aims to bring stability and predictability to businesses, according to Commerce and Industry Minister Piyush Goyal. The agreement, signed in March 2024, promises India an investment commitment of $100 billion over 15 years. It reduces duties on products like Swiss watches and diamonds. EFTA members include Iceland, Liechtenstein, Norway, and Switzerland. The pact is expected to be operational by October.
View Source
D2C skincare brand Foxtale scoops up $18 Mn led by Panthera Growth Partners
Entrackr
·
1y ago
Medial
Foxtale, a direct-to-consumer (D2C) skincare brand, has today announced raising $18 million (approx. Rs 150 crore) in its Series B funding round, led by Singapore-based Panthera Growth Partners. The funding round came after a gap of two years for the Mumbai-based startup. The round also saw participation from existing investors Matrix Partners India and Kae Capital. IndigoEdge was the financial advisor to Foxtale on this transaction, the company said in a press release. Entrackr had reported about the first tranche of this round in March As per the startup intelligence platform TheKredible, Foxtale was valued at around Rs 790 crore or $96 million (post-allotment of the first tranch). Including this round, the company has raised over $22 million to date. Previously, it had raised $4 million in a pre-Series A round from Matrix Partners and Kae Capital in June 2022 and a seed funding round in August 2021. Founded by Romita Mazumdar in 2021, Foxtale is a low-cost skincare brand creating products tailored to Indian skin types, addressing concerns like acne, aging, and hyperpigmentation. Foxtale’s products are available on its website and other marketplaces such as Nykaa, Amazon, Blinkit, Flipkart, and Myntra. During FY23, Foxtale’s scale grew at a scorching pace to Rs 13.8 crore against Rs 20 lakh in FY22. However, the firm’s losses also soared on a similar pace to Rs 18.59 crore during the fiscal as compared to Rs 2.48 crore in FY22. As per the company, it closed FY24 at Rs 172 crore GMV sales, primarily driven by its website, holding a retention rate of over 50%. On the back of the growth achieved in the past fiscal, Foxtale also looking to the path of profitability by FY25. Foxtale competes with well-established players like Sugar Cosmetics, WOW Skin Science, Plum, MamaEarth, Minimalist, and several others.
View Source
Gaming, e-sports to grow much bigger in 10 years: Nikhil Kamath
Money Control
·
1y ago
Medial
Zerodha Co-founder Nikhil Kamath said the gaming and e-sports industry will grow much bigger in the next 10 years. "[It] will grow at a pace faster than the old-school content," Kamath stated. His remarks come as gaming company Nazara Technologies announced it'd issue shares worth ₹100 crore to Zerodha's founders Nikhil and Nithin Kamath.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in