Cosmetics and beauty products maker Lotus Herbals has acquired a 20% stake in direct-to-consumer nutraceuticals and health supplement startup Yogic Secrets Healthcare, it said. Yogic Secrets has also raised an...
Whirlpool to buy InSinkErator for $3 billion to beef up kitchen presence
Home appliance maker Whirlpool Corp said on Monday it would buy Emerson Electric Co’s InSinkErator unit, which makes waste disposal equipment and hot water dispensers, for $3 billion to beef up its kitchen...
TTK Prestige acquires 40% stake in Ultrafresh Modular Solutions
TTK Prestige said it will acquire a majority 51 per cent stake in Ultrafresh Modular Solutions, a move which will help the leading kitchen appliances company into the fast-growing modular kitchen solutions segment. The...
Reliance Industries to acquire dozens of brands in $6.5 bln consumer goods play
India’s biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources...
Adani, Jindal Power join race to buy Videocon’s consumer durable business
The Adani Group and Jindal Power have expressed their interest to acquire Videocon’s consumer durable business which was put on sale for the second time by the lenders. The Adani group’s surprise entry into...
NCLT orders liquidation of Mehul Choksi-owned Nakshatra Brands
A Mumbai court has ordered the liquidation of Nakshatra Brands owned by fugitive diamond trader Mehul Choksi, who is charged with duping banks of thousands of crores of rupees. This would be another case where...
Good Glamm in talks to buy stake in St Botanica
Good Glamm Group is in advanced talks to acquire strategic stake in skin and personal care brand St.Botanica, which would make it the first acquisition for the company after it joined the club of unicorns this week. A...
IPO-bound Nykaa buys skincare company Dot & Key
IPO-bound Omni-channel beauty and consumer-care products retailer Nykaa has acquired homegrown skincare brand Dot & Key. This is the first D2C (direct to consumer) beauty brand acquired by Nykaa, which is looking to...
Renee Cosmetics raises $1.5 million in pre-series A funding
Beauty brand Renee Cosmetics on Friday said it has raised $1.5 million in its pre-series A funding round, led by Equanimity Ventures and 9Unicorns along with Titan Capital. Founded by Aashka Goradia Goble along with...
Whirlpool to acquire additional 38% stake in Elica PB India for $57 mn
Consumer durables maker Whirlpool of India Ltd on Monday said it has inked a pact to acquire an additional 38 per cent stake in Elica PB India for USD 57 million (around Rs 420 crore). The company said it has entered...
Videocon insolvency: Lenders make U-turn, want fresh bids
After getting rapped for accepting Vedanta group’s bid that would give just 5 per cent of their outstanding loans, lenders to Videocon Industries on Monday approached the insolvency appellate tribunal NCLAT...
MyGlamm buys BabyChakra to enter baby care category
Direct-to-consumer (D2C) beauty retailer MyGlamm has acquired online parenting platform BabyChakra to foray into the mother and babycare category, it said on Monday. The financial details of the acquisition have not...