Personal care brand mCaffeine, which sells caffeine-infused products, is aiming to achieve Rs 100 crore in annual revenue, and 1.5 million customers, in the next 12 months.In a freewheeling chat with Moneycontrol, Tarun Sharma, co-founder of mCaffeine, said the brand has served more than half-a-million customers since its inception in 2016, and it is most popular among millennials.Sharma refrained from revealing the current turnover but said that the company has been "growing very aggressively in the past 12 months".Close mCaffeine is India's first caffeinated personal care brand co-founded by Tarun Sharma and Vikas Lachhwani, in October 2016, after nine months of extensive research.Himadri BuchAssistant Editor|Moneycontrol.com Subhash Chandra stake stake in ZEE | Will it release logjam for MFs?SEBI move to up minimum PMS investment could benefit mutual fundsExclusive | L&T MF CIO Soumendra Nath Lahiri resignsThe research yielded that caffeine is basically a … [Read more...] about Online personal care brand mCaffeine eyes Rs 100 cr annual revenue in a year
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The recent sharp rally in paper stocks following the government's pledge to eliminate single-use plastic has made investors sit up and take note.Many are of the opinion that the government’s shun-plastic push has brightened the prospects of paper companies. But, analysts and industry watchers are less convinced with this rally.The government has pledged to eliminate single-use plastic by 2022. As per reports, a nationwide ban on single-use plastic, including bags, cups and straws, could come as early as on October 2, the 150th birth anniversary of Mahatma Gandhi.Close Since August 15, when Prime Minister Narendra Modi urged citizens to give up single-use plastic by October 2, 20 paper stocks have surged over 10 percent as of September 11 on BSE. related news Sensex at record high but midcaps likely to generate wealth; 20 stocks to bet on Technical View: Nifty forms Doji pattern, record high likely if index closes above 12K Sensex hits a new high, 4 factors that could … [Read more...] about 20 paper stocks up 10% since Aug 15. Will it hold?
Swiggy on November 20 said it has set up over 1,000 cloud kitchens for its restaurant partners and plans to have more such facilities in 12 new cities by March next year.In a span of just two years, the company has invested in over a million square feet of real estate space across 14 cities to help large, medium and small restaurant partners expand to more locations both within their city and across new cities through cloud kitchens, Swiggy said in a statement."Swiggy has always maintained that cloud kitchens will be the future of food delivery. Very soon, India will have the second-highest number of cloud kitchens in the world, only next to China," Swiggy New Supply CEO Vishal Bhatia said.Close The milestone of Swiggy successfully creating over 1,000 partner kitchens shows the faith the restaurant partners have in the concept and bolsters company's pioneering efforts in enabling more success stories in the restaurant ecosystem, he added. related news Zydus Cadila gets USFDA … [Read more...] about Swiggy set up 1,000 cloud kitchens; to expand it in 12 new cities by March 2020