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L’Oréal Signs INR 3,500 Cr Deal with Telangana Govt

StartupTalky

StartupTalky · 2m ago

L’Oréal Signs INR 3,500 Cr Deal with Telangana Govt

L’Oréal has signed a INR 3,500 crore investment deal with the Telangana government to establish a Global Capability Centre (GCC) in Hyderabad, set to open in November. This investment will be completed by 2030, creating approximately 2,000 advanced tech jobs, including AI specialists, tech engineers, and data scientists. The GCC will function as a global hub for supply chain, innovation, technology, and data, focusing on developing AI-powered beauty solutions.

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Blue Energy signs pact with Maharashtra govt to set up facility with Rs 3,500 cr investment

Economic Times

Economic Times · 5m ago

Blue Energy signs pact with Maharashtra govt to set up facility with Rs 3,500 cr investment

Blue Energy Motors has partnered with the Maharashtra government to establish a new facility for manufacturing 30,000 LNG and electric heavy trucks, involving an investment of INR 3,500 crore. The company aims to sell 30,000 trucks over five years. It launched its first electric heavy-duty truck and India's first electric corridor between Pune and Mumbai. The initiative aligns with India's vision for sustainable, self-reliant technology and supports the country’s decarbonization efforts.

Telangana Govt Invests INR 300 Cr To Launch T-Hub Phase II For Startups

Inc42 · 1y ago

Telangana Govt Invests INR 300 Cr To Launch T-Hub Phase II For Startups

The Telangana state government is set to launch the second phase of T-Hub, a leading startup incubator, on June 28th. T-Hub Phase II aims to further support and nurture the state's budding startup ecosystem. The first phase, established in 2015 and based at IIT Hyderabad, has successfully incubated over 1100 startups and raised a total of INR 1,860 crore through cohort startups and various programs.

NTT DATA, Neysa ink MoU with Telangana govt to set up Rs 10,500 Cr AI data centre cluster

YourStory

YourStory · 11m ago

NTT DATA, Neysa ink MoU with Telangana govt to set up Rs 10,500 Cr AI data centre cluster

NTT DATA and Neysa Networks signed an MoU with the Telangana government to establish an AI Data Centre Cluster in Hyderabad, investing Rs 10,500 crore to develop a 400 MW facility with 25,000 GPUs. This collaboration aims to create an AI innovation ecosystem. Additionally, Toshiba Transmission and Distribution Systems will expand its manufacturing facilities in Telangana with a Rs 562 crore investment. Chief Minister Revanth Reddy encouraged international investments by highlighting Telangana's robust infrastructure and policies.

L’Oréal in talks to acquire Bare Anatomy parent Innovist: Report

Entrackr

Entrackr · 12d ago

L’Oréal in talks to acquire Bare Anatomy parent Innovist: Report

L’Oréal in talks to acquire Bare Anatomy parent Innovist: Report French beauty and cosmetics major L’Oréal is in advanced discussions to acquire a majority stake in direct-to-consumer (D2C) personal care startup Innovist, according to a Moneycontrol report. Innovist operates brands such as Bare Anatomy, Chemist at Play, Sunscoop, and Vinci Botanicals. According to the report, the proposed deal is expected to value Innovist between $350 million and $450 million (Rs 3,240–4,170 crore). The move comes as L’Oréal looks to strengthen its position in India. The report added that L’Oréal is expected to initially acquire a controlling stake in Innovist, followed by a gradual increase in ownership to 100% over the next few years. The D2C beauty and wellness space in India has witnessed a wave of strategic acquisitions and consolidation over the past few years, as large FMCG companies look to tap into digitally native brands with strong consumer recall. Recently, Hindustan Unilever Limited acquired the remaining 49% stake in Oziva for Rs 824 crore, following its earlier investments. Last month, pharmaceutical major USV acquired a 79% stake in Wellbeing Nutrition. During the same month, Mumbai-based consumer goods major Marico acquired a 60% stake in plant-based protein startup Cosmix at an equity valuation of Rs 375 crore. The trend builds on last year’s consolidation, which included HUL’s acquisition of skincare brand Minimalist at a pre-money valuation of Rs 2,955 crore. If completed at the aforementioned valuation, the L’Oréal–Innovist deal will surpass the HUL–Minimalist deal in size.

IPO-Bound Avanse’s PAT Doubles To INR 342.4 Cr In FY24, Operating Revenue Surges 74%

Inc42 · 1y ago

IPO-Bound Avanse’s PAT Doubles To INR 342.4 Cr In FY24, Operating Revenue Surges 74%

Avanse Financial, an education-focused non-banking financial company (NBFC), has reported the second-highest profit after tax among similar entities in the industry in its Draft Red Herring Prospectus (DRHP). The company's operating revenue also saw a significant increase of 74.5% in the last fiscal year, reaching almost INR 1,727 crore. Avanse Financial recently filed its DRHP for an initial public offering (IPO) worth INR 3,500 crore.

Exclusive: BYJU’S FY23 Revenue Touches INR 6,500 Cr

Inc42 · 2y ago

Exclusive: BYJU’S FY23 Revenue Touches INR 6,500 Cr

Edtech giant BYJU'S is expected to report a total revenue of around INR 6,500 crore in FY23, a 23% increase from the previous fiscal year. The company has touched a revenue of INR 3,500 crore in the first six months of FY24 and is aiming to maintain this rate for the full year. BYJU'S has also implemented cost-cutting measures, reducing marketing expenditure by 20% and employee costs by 30% in FY23. The company has faced various challenges, including losses, legal battles, and board resignations, and is currently under investigation by the Enforcement Directorate.

Decoding Warburg Backed Avanse’s Stronghold In The Student Loan Market Ahead Of Its INR 3,500 Cr IPO

Inc42 · 1y ago

Decoding Warburg Backed Avanse’s Stronghold In The Student Loan Market Ahead Of Its INR 3,500 Cr IPO

Avanse Financial Services, a leading non-banking financial company (NBFC) in the student credits market, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The company aims to raise INR 3,500 Cr through the IPO, with INR 1,000 Cr as a fresh issue and INR 2,500 Cr as an offer for sale component. Avanse focuses on education loans, particularly for foreign schools, and is expected to benefit from the growing demand for educational loans and potential interest rate cuts. The company has received investments from Kedaara Capital, Warburg Pincus, Mubadala Investment Company, and Avendus.

Govt Aided Over 10K Tech Startups With INR 530 Cr Funding

Inc42 · 1y ago

Govt Aided Over 10K Tech Startups With INR 530 Cr Funding

The Indian government has provided a total funding of INR 580 Cr through incubators, with INR 212 Cr disbursed to over 3,600 tech startups supported by MeitY. The Department for Promotion of Industry and Internal Trade has recognized 1.43 Lakh startups as of July 31. India currently has the third-largest startup ecosystem globally, with 116 unicorns and 112 soonicorns.

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Inc42 · 1y ago

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Canadian Pension Plan Investment Board (CPPIB) has sold its remaining 3.18% stake in logistics company Delhivery for INR 910 Cr. In another deal, ICICI Prudential Mutual Fund India purchased shares sold by beauty e-commerce major Nykaa. CPPIB sold over 1.47 Cr shares of Nykaa for INR 256.4 Cr in a block deal at a price of INR 174.04 per share.

‘The future of beauty is personalized, sustainable and powered by AI’

Livemint

Livemint · 1y ago

‘The future of beauty is personalized, sustainable and powered by AI’

L’Oréal, the global cosmetics leader, places a strong emphasis on marketing in its strategy. With an extensive influencer network, L’Oréal engages with younger audiences like Gen Z by showcasing authenticity and uniqueness. The brand has adapted to the evolving landscape of beauty marketing by embracing technology and cultural cues. L’Oréal ensures that its global brands resonate with local markets by tailoring messaging and leveraging brand ambassadors. The company is committed to catering to consumers across all age groups, using AI-powered media and performance marketing. Sustainability is central to L’Oréal’s strategy, with goals to achieve renewable energy and reduce CO2 emissions. AI plays a significant role in marketing and product development, allowing for personalized experiences and diverse product formulations. L’Oréal keeps up with industry trends such as DTC and Ayurveda, maintaining a balance between advanced science and local relevance. Striking a balance between short-term performance and long-term brand building is crucial, combining data-driven decision-making with creativity to drive innovation and maintain brand equity.

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