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After launching flagship outlets in Mumbai and Delhi, Apple targets Noida, Pune, Bengaluru, and Mumbai for its next wave of retail growth Tech giant Apple Inc. is reportedly preparing to expand its retail footprint in India, signaling the next phase of its strategic push into one of the world’s fastest-growing smartphone markets. As part of this second phase of expansion, Apple is set to open four new stores across major Indian cities, building on the momentum generated by its first two flagship outlets in Mumbai and Delhi. According to insider sources, two store locations have already been finalized: one at…

Bengaluru-based electric vehicle (EV) startup River has made headlines with a remarkable 21-fold increase in operating revenue for the financial year ending March 31, 2025 (FY25). As per cofounder and CEO Aravind Mani, River’s revenue surged from ₹5 crore in FY24 to ₹104 crore in FY25, underscoring the company’s rapid expansion and the growing demand for electric mobility solutions in India. However, the significant rise in revenue came alongside an increase in net losses, which more than doubled to ₹176 crore from ₹83 crore in the previous fiscal year. Founded in March 2021 by Aravind Mani and Vipin George, River…

Strategic Move Aims to Reduce Reliance on China Amid Rising U.S.-China Trade Tensions In a major shakeup of its global supply chain strategy, Apple is reportedly planning to shift the entire assembly of iPhones sold in the United States to India as early as next year. This strategic pivot is aimed at reducing Apple’s long-standing dependence on China, particularly in light of rising geopolitical tensions and trade barriers between Washington and Beijing. According to a report by the Financial Times, Apple has accelerated its diversification plans due to the recent imposition of a steep 145% tariff on Chinese-made goods by…

PharmEasy-owned diagnostics platform Thyrocare Technologies has posted strong financial results for the fourth quarter of the financial year ended March 2025 (Q4 FY25). The company reported a 25.6% year-on-year (YoY) increase in consolidated net profit, reaching INR 21.6 crore, compared to INR 17.2 crore in the same quarter last year. This surge in profitability reflects the company’s growing efficiency and strong demand for diagnostic services across its network. The impressive growth comes despite increasing competition in the diagnostics sector and indicates Thyrocare’s successful efforts in scaling operations and enhancing service delivery. Revenue Growth Reflects Strong Market Demand Thyrocare also recorded…

Google’s Parent Company Looks to Strengthen Local Supply Chain with Indian Manufacturing Partners In a significant move that underscores India’s growing importance in global electronics manufacturing, Alphabet Inc., the parent company of Google, is reportedly in advanced discussions to shift a portion of its Pixel smartphone production from Vietnam to India. According to a recent report by The Economic Times, Alphabet has already completed the initial round of talks with two major contract manufacturers in India—Dixon Technologies and Foxconn—marking a strategic push towards localizing hardware production. This development comes at a time when major global tech players are seeking to…

The move reflects Nykaa’s continued focus on rewarding and retaining talent through employee stock ownership schemes Nykaa, the beauty and fashion e-commerce giant, has announced the allotment of 17,010 equity shares under its Employee Stock Option Plans (ESOPs) through its parent company, FSN E-Commerce Ventures Ltd. In a filing to the stock exchanges on April 18, 2025, the company stated that the allotment was made following the exercise of vested stock options by eligible employees. This latest ESOP allotment signifies Nykaa’s ongoing strategy to incentivize its workforce and align employee interests with the long-term success of the company. Based on…

Good Monk, a Bengaluru-based nutrition-focused D2C startup, has successfully raised $2 million (approximately ₹17 crore) in a Pre-Series A funding round led by RPSG Capital Ventures. The round also saw continued support from existing investors including Multiply Ventures, Sharrp Ventures, and ThinKuvate, highlighting strong investor confidence in the startup’s growth and innovation strategy. Revolutionizing Everyday Nutrition Founded in 2022 by the husband-wife duo Amarpreet Singh Anand and Sahiba Kaur, Good Monk aims to solve a growing problem in India—nutritional deficiency in daily diets. The startup offers science-backed nutritional mixes that can be added to everyday meals without altering their taste,…

Indian logistics unicorn Xpressbees reported a rise in its consolidated net loss for the fiscal year ending March 31, 2024 (FY24), even as it posted a strong top-line performance. The company, which began as the logistics arm of FirstCry, saw its losses widen by 10.8% year-on-year, reaching ₹199.9 crore, up from ₹180.4 crore in FY23. Continued Losses Amid Rising Revenues While Xpressbees has consistently shown growth in revenue—thanks to a booming e-commerce and D2C market in India—the company has not yet achieved profitability. The uptick in losses signals growing operational costs and competitive pressures in the last-mile delivery and logistics…

In a strategic move to strengthen its presence in the growing natural and Ayurvedic baby care sector, FMCG giant ITC Limited has announced its decision to acquire an additional 73.5% stake in Mother Sparsh Baby Care. This acquisition, which will take place over a period of 2–3 years, will make Mother Sparsh a wholly-owned subsidiary of ITC. The move underscores ITC’s commitment to diversifying its portfolio and tapping into the rapidly expanding Direct-to-Consumer (D2C) market for natural baby care products. About Mother Sparsh: A Leader in Ayurvedic Baby Care Mother Sparsh Baby Care, founded in February 2016 by Himanshu Y…

Nothing Before Coffee (NBC), a rapidly growing quick service restaurant (QSR) chain, has raised $2.3 million (approx. INR 19.7 Cr) in a pre-Series A funding round led by Prath Ventures, with additional participation from SYL Investments. The Jaipur-based startup is now set to expand its footprint aggressively across India and explore innovative store formats as it eyes tier-II and tier-III towns. Founded in 2017 by Jain, Akshay Kedia, Shubham Bhandari, and Anand Jain, NBC has established itself as a go-to destination for coffee lovers. The company currently operates over 85 outlets across 35 cities in India and has even made…