Key Trends in Automotive Industry - Exploring an interaction with Mr. Banwari Lal Sharma, CEO – Consumer Business, CarTrade Tech Limited

 Mr. Banwari Lal Sharma, CEO – Consumer Business, CarTrade Tech Limited to share more insights on the below-mentioned key trends witnessed in the automobile sector.  We are happy to facilitate interaction with him.

 

• Preference for EVS - 33% of the respondents indicate a willingness to purchase a two-wheeler EV as their next vehicle
• Decision to Purchase Vehicle- An increase in people postponing their purchase decision shows that the financial impact of COVID-19 is long-lasting and recovery will take time
• Vehicle Purchase Intent - The need for 2Ws has increased significantly. 76% for 2W and 69% for 4W are thinking of buying a vehicle this year
• Vehicle Body Type Preference - 28% of the respondents chose Hatchback and OnePlus as their preferred body type
• Budget for Purchase - 71% of the respondents voted for a reduction in budget of at least 10%, with 18% reducing budget by over 30%
• Ownership Preferences - Preference to explore Leasing/Pre-Owned/ Subscription models quite positive at 26%
• Charging Infrastructure - 44% of the respondents cite lack of charging infrastructure and range anxiety as reasons for not buying EVs
• Avenues To Finance - Increased reliance on personal savings and liquidity, as 21% wished to buy vehicle on personal savings

Inaugural Cohort of ATLAS SkillTech University Fellows Achieve Breakthrough Success

 

·         1,500 ATLAS Fellows get ready to lead in new age careers across Design, Management, Entrepreneurship, Media, Digital Marketing, Film and Animation

 

·         ATLAS SkillTech University Fellows receive the most coveted job offers and admissions to globally ranked universities.

 

Mumbai, June 20, 2022 – India’s leading multidisciplinary university situated in Mumbai - ATLAS SkillTech University – held its inaugural graduation ceremony for its first batch of Academic Fellows. Chief Guest, Ronnie Screwvala, Indian entrepreneur, philanthropist, opinion leader and author, graced the occasion with his presence. Over 1,500 ATLAS Fellows with an interesting mix of diverse backgrounds, coming from more than 20 different states across India and overseas, participated in the grand ceremony hosted at Jio World Convention Centre.

 

Congratulating the students, Dr. Indu Shahani, Founding President and Chancellor, ATLAS SkillTech University, said, “ATLAS SkillTech University offers students a technology-enabled learning environment and represents the university of tomorrow. The knowledge and skills the graduating fellows have acquired at ATLAS during this fellowship has nurtured future-ready digital professionals. We are extremely proud of our talented students and wish them great success as they step out to create the new world order.”

 

These ATLAS Fellows have completed rigorous, new-age programs in Design (ISDI), Management, Entrepreneurship (ISME), Hospitality, Media, Digital Marketing, Film and Animation created in collaboration with world leaders in education. The cutting-edge innovation-focused interdisciplinary programs are designed to transform young and creative learners into inventors, innovators, researchers, entrepreneurs, and technology leaders. The programs prepare students for high-impact careers with an entrepreneurial mindset.

 

The first batch of graduating ATLAS fellows have secured top placements and internships across various industries in leading organizations such as Apple, Aditya Birla Group, Bain & Company, Boston Consulting Group, Colgate, Deloitte, EY, Gucci, Harvard T.H. Chan School of Public Health, HCL Technologies, HDFC Bank, Infosys, KPMG, Mahindra, Nykaa, Phillips, PWC, Reliance Industries, Samsung, Sabyasachi, Siemens, TATA Consultancy Services, Tommy Hilfiger, Viacom and Vogue.

 

Those wanting to pursue further studies have been accepted for coveted Masters programs at the world’s leading universities such as Columbia University, Imperial College London, New York University, London Business School, London School of Economics, John Hopkins University, Parsons School of Design, University of the Arts London, SCAD and Rice University among many others.

Olympic athlete Dutee Chand and Maharashtra Education Minister Varsha Gaikwad to flag off the 4th edition of Saquib Rizvi Memorial Cancer Awareness Half Marathon 2022

The Fundraising Event targeted for immediate procurement of Mobile Mammography Bus for Cancer Screening draws 5000+ participants

 

Mumbai…June 18, 2022…Olympic athlete Dutee Chand and Maharashtra Education Minister Varsha Gaikwad to flag off the 4th edition of Saquib Rizvi Memorial Cancer Awareness Half Marathon 2022 (SRMCAM 2022) being held on Sunday, 19th June 2022 at the MMRDA ground near BKC. Mumbai-based Rizvi Group’s Help Yourself Foundation – a non-governmental organization working for senior citizens, women, and child welfare – is organising the marathon to be held in different categories of runs, including 21K, 10K, 5K, and 3K in the form of a fun race, as well as a wheelchair race for the specially-abled participants. The SRMCAM 2022 is internationally registered and certified by Association of International Marathons and Distance Races (AIMS) which is an association of the organisers of long-distance road running races in the United Kingdom. 

 

This Fundraising Event which is targeted for immediate procurement of Mobile Mammography Bus for Cancer Screening has drawn over 5000+ participants all contributing towards the larger cause of cancer awareness and spreading the message “I CHOOSE HOPE” #rumicare #kickcancer. The Mobile Mammography Bus for Cancer Screening will introduce Tomosynthesis system (TBT) also known as “3D” mammography, a new type of digital x-ray mammogram which creates 2D and 3D pictures of the breasts for early detection of Breast Cancer with an intent to primarily serve women of Mumbai City and Distant Suburbs with mission to reduce fear of cancer and myths relating to it. 

 

Dr. AKHTAR HASAN RIZVI and Adv. (Mrs) RUBINA AKHTAR HASAN RIZVI, Founders of Help Yourself Foundation & Rumi Care said, “It’s with great pleasure we are announcing that Ms. Dutee Chand, who is the current National Champion in the women's 100 metres race and the first Indian to win a gold medal in 100m race in a global competition is the face and ambassador of the 4th Edition of THE SAQUIB RIZVI MEMORIAL CANCER AWARENESS (SRMCAM) - Half Marathon of 2022 taking place under the Umbrella body of Rizvi Group which is renowned in sectors i.e. The Rizvi Builders, The Rizvi Education Society Mumbai, Dr. AKHTAR RIZVI Educational Trust Allahabad & Help Yourself Foundation- A Charitable, Non-profit NGO. We also have the honour of having Hon’ Education Minister of Maharashtra Ms. Varsha Gaikwad doing the flag off for 3 kms run. 

 

Many other women achievers like Ms. Varsha Nagre, BCCI match referee, Ms. Jemimah Rodrigues, our Rizvite who is an allrounder on the Mumbai Women's Cricket team, Poorva Mathew who is a Judo Player and Gold medalist, Dr. Shilpa Serigar the medal prospect of Maharashtra is International Judo Refree and sports teacher at Rizvi College of Arts, Commerce & Science are supporting the cause. We celebrate female empowerment by recognising them as they are making a visible, positive and constructive difference in the country every day. Also with presence of such women we wish to celebrate every women participant in our Half Marathon.”

 

There are two components of early detection: early diagnosis and screening. As per WHO (World Health Organization) Cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, or nearly one in six deaths. More than one third of cancer cases can be prevented and another one third can be cured if detected early and treated properly to significantly improve cancer patients’ chances of survival. 'I CHOOSE HOPE’ is the inspiring advocacy initiative by The Squib Rizvi Memorial Cancer Awareness Half Marathon. Apart from 5000 plus participants, this marathon event will also be attended and witnessed by several active NGOS, Doctors, Diplomats from several Countries, Health Care Professionals, Print & Electronic media, Corporates, Civil Society, communities, Spectators, Politicians and International Guests. Therefore, this Half Marathon event with resource appropriate strategies on Cancer can save millions of lives every year through Cancer Screening Camps, Diagnostics, Treatment Assistance, Research. By challenging – directly, vocally and unwaveringly –stigma and discrimination in all its forms by raising our voices to address cancer as an important health issue. 

 

The 4th Edition of Late Saquib Rizvi Memorial Cancer Awareness Marathon will be held in association with broadcasting partners FM Radio 107.1 Mumbai (All India Radio), Doordarshan, Sahyadri, Zainabia Channel, Newsonair, RED 93.5 fm. Also supported by Mumbai Police, Mumbai Corporation of Greater Mumbai and Navy. Medical Partners being BSIDEU (Ambulance Services), ACI Cumballa Hospitals, Tata Hospital, Eyecare Diagnostic Center etc. We are also supported by Sports Timing Solutions, Decathlon, Bon Voyage Tours & Travels, The Resort Mumbai, Fast up, Yoga Bar, Cancro and Kaivalyadhama. 

 

 

Catering to modern consumers’ healthy lifestyle, Duroflex launches eco-friendly range of sleep solutions under Natural Living

 

Launches eco-friendly mattresses, mattress toppers, pillows and bed linens made with 100% natural materials enabling consumers to make smart sustainable choices

National, June 14, 2022:  India’s leading sleep solutions brand, Duroflex, is at the forefront of research and innovation. The brand has wide product portfolio that caters to every kind of consumer. Over the past few years, there has been an upward trend in the number of consumers who seek products that not only meet their needs but are also good for the planet. To help these consumers extend their conscious choices to their sleep space, Duroflex has revamped and extended their eco-friendly range of mattresses and sleep accessories - Natural Living. On the occasion of World Environment Day, Duroflex has introduced mattresses, mattress toppers, pillows and bed linens made entirely of natural materials - 100% Natural Latex, Rubberised Coir, Cotton, Tencel and Ethicot. 

The products in this range are crafted from ethically sourced sustainable materials and are produced without any intervention of heavy machinery. The GOLS certified latex used for the production of this range is sourced from the company’s own rubber plantation in Kerala. Currently, Duroflex is the only brand in India using GOLS certified latex. The chemical free pure cotton and bamboo fabrics contributes towards one’s health and well-being. They are hypo-allergenic, soft to touch, naturally resilient and highly breathable. The natural coir used in the mattress keeps the person naturally cool. Because of its use of natural materials this range is also highly recommended for people with allergies, respiratory disorders, and those who need extra care.  

Speaking on the occasion, Mr. Mohanraj J, CEO, Duroflex, said, “As a responsible consumer brand, our endeavour is to support our consumers towards a sustainable lifestyle. With our Natural Living range, consumers will find everything they need for an eco-friendly and safe sleep space. The mattresses and sleep accessories under the range are made of GOLS certified latex, chemical free pure cotton and bamboo-cotton blend fabrics which contribute towards one’s health and well-being while being eco-friendly. The fact that we are one of the few brands with our own latex production in the country bears testament to the kind of quality we want to provide to our consumers.”

The mattresses under Natural Living range comprises four variants – Tatva, Prana, Kaya and Avaasa:

1. Tatva mattress combines the goodness of two natural materials latex and coir providing firm support

2. Prana mattress is made of Latex with Pocket Spring, where the best of nature meets the scientific support of spring

3. Kaya is a 100% Latex mattress, fully natural, and 100% biodegradable

4. Avaasa comes with a combination of latex layer and rubberised coir layer for comfortable firm support and is economically priced

The sleep accessories under Natural Living incudes Meha mattress topper, Nidraa Pillows and two types of bed linens under the name Sarrva made from different combinations of natural materials. 

1. Meha mattress topper offers super comfy sleep and is made of 2” thick 100% Natural GOLS certified Latex. It can add a plush, supportive layer to any of your current mattress providing a healthy breathable full body support for sleeping in the natural environment.

2. Nidraa pillow offers immersive sleep experience which is chemical free with 100% Natural Latex. Ergonomically designed contour with two thickness options in each pillow shall offer best neck and head support irrespective of your preferred sleeping posture be it on the back, side or stomach.

3. Sarrva Cotton Tencel Bedsheet offers dreamy sleep experience which is softer than cotton, naturally cool surface with moisture wicking property

4. Sarrva Cotton Ethicot Bedsheet is eco-consciously sourced and diligently crafted to offer comfort, use of pre-consumer recycled cotton reduced the dependability on fresh natural cotton without compromising on goodness of 100% natural cotton.

Each product offers different levels of comfort and support based on individual needs. All these products will available across the brand website, major e-commerce platforms, retail outlets, as well as the company’s exclusive experience centres. To locate Duroflex brand experience centre near you, visit https://www.duroflexworld.com/a/store-locator/list.

‘येरे येरे पावसा’ १७ जूनला चित्रपटगृहात

 

पाऊस... कधी धुक्यांच्या कुशीत कुंद होऊन बरसणारा तर कधी धो-धो कोसळणारा...कधी हवाहवासा वाटणारा तर कधी जीव नकोसा करणारा ... त्याची प्रतिक्षा मात्र सगळ्यांना असते. एका छोटयाशा खेडेगावातल्या चिमुकल्यांनाही या पावसाची अशीच प्रतिक्षा आहे. त्यासाठी ते आभाळाकडे डोळे लावून बसले आहेत. त्यांच्या आशा निराशेच्या खेळाची रंगतदार गोष्ट म्हणजे ‘येरे येरे पावसा’ हा आगामी मराठी चित्रपट.

 

‘जीफोनी’, ‘हॉलीवूड नॉर्थ फिल्म’, ‘टोकियो इंडी फिल्म’ या आणि अशा अनेक राष्ट्रीय आणि आंतराष्ट्रीय चित्रपट महोत्सवांमध्ये मोहोर उमटविणारा हा चित्रपट १७ जूनला तुमच्या भेटीला येतोय. १४ देशातल्या ३१ चित्रपट महोत्सवांमध्ये अधिकृत निवड  झालेल्या या चित्रपटाने २२ नामांकन आणि १६ पुरस्कार आतापर्यंत पटकावले आहेत. या चित्रपटाची निर्मिती शारीक खान यांची असून दिग्दर्शन शफक खान यांनी केले आहे. ‘एस.क्यूब फिल्म्स इंडिया एलएलपी’ यांनी या चित्रपटाची प्रस्तुती केली असून सहनिर्मिती अँन्या झँग (बटरफ्लाय फिल्म्स) यांची आहे.

 

ग्यानचंद चौहान, सुमेध गायकवाड कार्यकारी निर्माते आहेत. चित्रपटाच्या छायांकनाची जबाबदारी योगेश एम.कोळी यांनी सांभाळली असून संकलन चंदन अरोरा यांनी केले आहे. कथा भूषण दळवी तर पटकथा शफक खान, भूषण दळवी यांची आहे. संवाद अभिषेक करगुटकर, विनोद जाधव यांनी लिहिले आहेत. अमोल पोवळे यांनी लिहिलेल्या गीतांना सुशांत पवार, किशोर पवार यांनी संगीत दिले आहे. अवधूत गुप्ते आणि स्वप्नील बांदोडकर यांचा स्वरसाज चित्रपटातील गीतांना लाभला आहे. साऊंड झाकीर हुसैन तर कलादिग्दर्शन योगेश इंगळे यांचे आहे.

छाया कदम, मिलिंद शिंदे, संदेश जाधव,  चिन्मयी साळवी, विनायक पोतदार, आर्या आढाव, प्रदीप नवले, प्राजक्ता वाड्ये, वैभव जेऊघाले पाटील, हृषीकेश करळे, नकुल चौधरी, वैष्णवी रानमाळे, उत्कर्ष करळे, अचला पांचाळ, प्रज्ञा गोपाले यांच्या भूमिका या चित्रपटात आहेत.

Elegance you can wear

Footwear for Women by Language

Language helps you maintain an impeccable sense of style with their large selection of exclusive and trendy footwear. They strike a perfect balance between comfort and luxury that emphasizes the look for all your occasions. This summer, Language presents a range of sandals and ballerinas, which is a modern expression of Language’s exquisite craftsmanship.

If you are into a more casual look, try the beautiful blend of subtle elegance in style of our sandals which are crafted keeping your comfort in mind. A busy workday or a day in the sun, they will keep you going. Easy to wear and made from premium leather, these sandals are a must-have for every modern woman.

Versatile and stylish ballerinas are a timeless edition to your everyday wardrobe. Whether you are going for a meeting or stepping out for a dinner date, stride out with confidence with these shoes. Here is a pair that will steal the show, wherever you go.

These premium leather footwear for women from Language are handmade and available in an assortment of exciting colour options. Explore the collection of footwear for women from Language at its exclusive brand outlets at Nungambakkam Chennai, VR Mall Chennai, Express Avenue Chennai, Sarath City Mall, Hyderabad, Lulu Global Mall Bengaluru and Lulu Mall Kochi. You can also shop the collection online at www.languageshoes.com and www.amazon.in 

TiEcon Mumbai 2022- India's Largest Unicorn Summit, brilliantly showcased the strengths, wisdom and expertise of Top Unicorns

 

Mumbai, 14 June 2022: TiE Mumbai successfully organised the 15th Edition of TiEcon Mumbai 2022- India Unicorn Summit at Jio Convention Centre, BKC to decode the attributes of being a successful unicorn. It kick started on an enthusiastic note with marquee speakers focusing on ways to accelerate growth, drive more intelligent engagement and methods to empower business building ideas.

Speaking at the summit, Amit Mookim, President- TiE Mumbai said, “30 % of the 100 Unicorns we have in India have been native to Mumbai. This is what we are celebrating at the Summit today. We are raising a toast to our dynamic founders, country and gorgeous Mumbai which has contributed to make India, a true Unicorn nation. We are saluting and encouraging the founders of soonicorns, who would be joining the boom in the near future.”

India has reached a landmark figure of 100 unicorns with a valuation of more than $300 billion. India has 3rd Largest ecosystem with the greatest number of unicorns. TiEcon Mumbai was to collate and showcase the journey of stellar Unicorns from inception to listing and to understand the catalyst for such a boom in unicorns. 

Smt Manisha Verma, Principal Secretary- Dept. Of Skills, Employment, Entrepreneurship and Innovation, Govt. of Maharashtra shared various new initiatives for the promotion of startups and entrepreneurship in the state. She encouraged startups to reach out to the government with their policy suggestions for sustainability through the Innovation Society.  She said, “Our focus is to create a pool of skilled, talented and vibrant workforce for start-ups. Maharashtra Govt is open for entrepreneurship and gives direct work orders to startups. Innovation Society is the nodal agency to support start up and develop sustainable eco system in the state of Maharashtra. They run multiple schemes to support start-ups financially and help them with patents and product testing.” 

Apoorva Sharma, President & Co- Founder- Venture Catalysts & 9Unicorns and winner of Outstanding Startup Ecosystem Builder at TiEcon Mumbai Hall of Fame awards said, “Kudos to TiE Mumbai for organising the biggest post pandemic startup event by bringing 25 Unicorns together under one roof. The Founders spoke about their journey, struggles, achievements and hustles that would fuel the Unicorn dreams of several other startups. It was also an immense moment of pride for us to have received the award from Mr. *Harsh Mariwala*, Founder and Chairman of Marico.”

Some key takeaways for the conference were that there has been an unprecedented digital surge accelerated by COVID. The ecosystem has had 100 unicorns and 302 soonicorns during this period. There are 25+ unicorns with potential of entering BSE top 100 companies by market capital. There has been a 10x growth in start-ups and about $116 B funding in last 10 years. Further, Green sector and Metaverse are pitted to be the building pillars of Future. The goal of Net zero by 2050 requires fundamental transformation of the global economy and new investment paradigm. An important learning was the fact that valuation is not in our control, value creation is. Focus on innovation is the key. 

The Indian Unicorns are flourishing in the fast-paced and dynamic economy. They are generating large-scale employment along with innovative solutions.  India is uniquely positioned in Global Unicorn Landscape, and this is a testament to the vibrant ecosystem present in India. The rapid evolution of internet infrastructure, easy distribution combined with capital accessibility provides the ' *Big Opportunity* '. 

Some Unicorn Startups and speakers who participated in the event were InMobi - Naveen Tewari, CarTrade.com - Vinay Sanghi, OfBusiness - Asish Mohapatra, Morgan Stanley -Kamal Yadav, OYO -Ritesh Agarwal, The Good Glamm Group - Darpan Sanghvi, NoBroker.com - Amit Kumar Agarwal, Sales Force India - Arundhati Bhattacharya, WebEngage -Avlesh Singh, Udaan -Sujeet Kumar, Fractal.ai - Srikanth Velamakanni, Microsoft India -Anant Maheshwari, Dream11- Harsh Jain, PharmEasy - Siddharth Shah, CitiusTech - Rizwan Koita, People Group(shaadi.com) - Anupam Mittal and BookMyShow- Ashish Hemrajani. 

TiEcon Mumbai 2022 also comprised of 140+ specifically curated startups expo which showcased their products to demonstrate innovation in India. There were power packed international panel discussions, insightful workshops, masterclasses on building high and growth products. They were VCs laying bare the math they swear by. The Summit provided an important platform for collaboration and engagement. The summit had diverse set of experts, speakers and high level of participation. It was rich in content and valuable in creating the better understanding. A comprehensive report of India's Investment Ecosystem was launched at the summit. We are gradually transitioning from the age of unicorns to the age of decacorns.

About TiE Mumbai

The Indus Entrepreneurs (TiE), was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region. Since 1992. TiE has been supporting entrepreneurs by offering education, mentorship, networking and funding opportunities. The mission of TiE is to foster entrepreneurship globally through the 5 pillars of TiE : mentoring, networking and education, funding and incubation. Dedicated to the virtuous cycle of wealth creation and giving back to the community. TiE’s focus area is to generate enable the next generation of entrepreneurs. There are currently 11,000 members, including over 2,500 charter members in 60 chapters across 17 countries. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE’s focus is on generating and nurturing our next generation of entrepreneurs.

Start-ups to drive Incremental Investments in Electric Vehicles Sector

Globally, the automotive industry is switching to less energy-intensive options of mobility to reduce the environmental impact following various Countries’ increased commitment to reduction in greenhouse gas emissions at the 26th Conference of Parties meeting (CoP 26) in the United Nations.

 

To circumvent the impact of increasing oil import bills, Indian government’s policy initiatives over the last couple of years has accelerated the adoption of e-mobility, resulting in total sales of approx. 80,000 vehicles so far*.

 

The purchase of Electric Vehicles (EVs) is well incentivized with the rollout of various subsidies to both manufacturers and buyers. The Department of Heavy Industries, in its updated ‘Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME-II) scheme’ has extended the provisions for 2 years applicable till 31st March 2024, to enhance adoption, and boost the EV charging infrastructure set up. Second phase of the FAME scheme aims to support 55000 e-4 Wheeler Passenger Cars, and 10 lakh e-2 Wheelers apart from other EVs. Further, the most recent Government of India's (GOI) ambitious INR 26,058 crore Production Linked Incentive (PLI) scheme for Auto, wherein the goal is to bolster India's manufacturing capabilities.

 

With EV acquisition costs set to come at par with internal combustion engine vehicles in the next two-three years, the market for electric vehicles for commercial use is expected to grow to $150 billion by the end of the decade, as per industry estimates.

 

A brief insight into few of the unique start-ups that have caught investors’ attention:

 

HOP Electric Mobility

HOP Electric, India's fastest-growing electric vehicle manufacturer with a Comprehensive Eco-system Approach, has closed a strategic round of $ 2.6 million as part of an ongoing USD 10 million pre-series fundraiser. The company has achieved the milestone of reaching 105 retail touchpoints with 6200+ on-road scooters in 2021, and with this fundraising, HOP Electric Mobility is targeting 10X growth this year.

 

HOP Electric is a successful mandate holder of the Government of India's (GOI) ambitious Production Linked Incentive (PLI) scheme for Auto will be investing more than INR 2000 crore in India in the next five years. HOP Electric Mobility has also embarked on its multi-battery modular platform's design and engineering journey. The company is developing Gen 2 Smart Batteries and Swapping stations. It will roll out two new products on the new platform supported by Gen 2 batteries and a swapping station in FY23.

 

 

HOP Electric has two unique two-wheelers – HOP LEO and HOP LYF, which have garnered immense consumer traction. It is now gearing up to launch a high-speed electric bike named HOP OXO. As OXO goes through an extensive testing cycle across geographies, it is expected to be a very robust product.

 

RevFin committed to accelerate EV adoption

RevFin – a leading EV financing organisation that eases accessibility to Electric Vehicles and adoption for under-banked & underserved, enabling micro-entrepreneurism. The new age digital e-mobility consumer lending platform has recently raised an amount of 100 cr funding in debt. The funding round led by Northern Arc, Liquiloans, UK charity Shell Foundation, and others will help Revfin expand the e-rickshaw financing businesses.

 

 

RevFin and Hero Electric have inked an agreement to jointly finance and lease 2,50,000 electric two-wheelers over the next three years and collaborate with multiple e-commerce, logistics, and fleet operations companies to fulfil the objective. RevFin is helping in the financing of electric vehicles in semi-urban areas, mainly in tier 3 and tier 4 towns. RevFin aims to disburse Rs 40,000 crores for 17 lakh electric vehicles, in the next five years.

 

Trouve Motor

Trouve Motor is a manufacturer of high-speed electric motorcycles and sports cars, bringing in Block-chain integrated structure with its own metaverse ecosystem. Trouve Motor has been incubated in FasterCapital’s Raise Capital program to raise about $3M for its seed funding round. The objective is to raise funds to the tune of $25M by the end of this year. Through this program, FasterCapital, one of the top venture capital firms based in Dubai, will connect Trouve Motors with its vast network of angel investors.

 

 

Trouve will roll out an advanced hyper-sports bike, which is designed to reach a speed of over 200 km/hr and also a range of around 350-500 km. A versatile Chassis which will be used to make four bikes - Hyper sports bike, toned down Indian version, Naked street bike and Enduro, to cater to all segments of the customers in a small turnaround time. Following the glimpse of its hyper-sports bike recently, Trouve Motor is now up with its first Hyper Maxi Scooter, H2. The futuristic scooter is completely designed in India at Trouve’s R&D facility in Bangalore.

 

Tadpole Projects

Tadpole Projects, a startup electric-mobility company incubated at Technology Innovation Hub (TIH) for Cobotics, of IIT Delhi - the only home grown company retrofitting ICE to EVs. Launched in August 2020, Tadpole Projects is the pioneer in retrofitting ICE cars and aims to address issues around fossil-fuel-based vehicles, scrapping policy, and expensive vehicles by retrofitting, thus making renewable mobility accessible to everyone.

 

 

Tadpole recently converted its first premium car, C-180, C-Class of arguably the most sophisticated car manufacturer - Mercedes Benz. Tadpole Projects made its mark in the history of India’s Automobile sector by flag bearing the first IC Vintage Car conversion to EV – Austin 10 (1936) and Volkswagen Beetle (1948).

Exponentially expanding its retail footprint, SUGAR Cosmetics reaches new milestone with its 100th brand owned store

 

SUGAR Cosmetics reached its 100th Brand Outlet in a record breaking time of less than 3.5years

 

Mumbai, 09 June, 2022: SUGAR Cosmetics, one of India’s largest omnichannel beauty companies and a cult favourite amongst Gen Z and Millennial consumers, opened doors to their 100th brand owned store at VR Chennai Anna Nagar, today. Building further on the brand’s core mission of expanding distribution, SUGAR Cosmetics continued to invest in brick-and-mortar stores since their first store in early 2019 and now achieving their 100th store in under 3.5 years. The brand steadfastly had a phenomenal retail store count growth of more than 50% in the past year, and diversified their overall product range to nearly 550+ SKU’s.

 

SUGAR Cosmetics started off as a D2C brand in 2015 that quickly ventured into offline trade in 2017. The brand grew from 2500+ retail outlets in 2020 to 35,000+ retail touchpoints in over 500+ cities as of today. While a lot of brands rescinded their plans of opening stores and even shut down existing ones since the pandemic started, SUGAR Cosmetics launched 60+ stores since March 2020, keeping hygiene and safety as a top priority for their retail customers. Among these new launches, SUGAR ventured into key metro cities with 15+ stores in Chennai, Bangalore, Hyderabad, Delhi, Mumbai, Jalandhar, Nagpur, and more.

 

Speaking on the launch of the store Vineeta Singh, Co-founder & CEO, SUGAR Cosmetics said, “We are extremely proud of the team to have got SUGAR Cosmetics to reach a century in a record breaking time. And extremely ecstatic to have launched this 100th brand owned store in Chennai. At SUGAR Cosmetics, we have ensured to stay put and focus on our core pillars – distribution, product, content and community. Even during the pandemic, we have continued to add shelf space and pushed our offline expansion when the other brands were exiting retail. Since the launch of our first store we have come a long way till now in a very short span of time. With an increasing number of customers preferring to shop at brick-and-mortar outlets and our retail stores accounting for about 65% of our revenue, we are hopeful that this launch will reflect our commitment towards them.”

 

SUGAR Cosmetics is available across 35,000+ outlets in the country, with south being a key market for the brand – housing the second highest number of our retail touch-points from all four zones PAN India. Understanding that offline retail will continue to dominate over the next 10 years in terms of purchases, the brand plans to expand offline across 60,000 stores over the next 12-15 months. SUGAR will strengthen its retail footprint by enhancing the retail marketing and visual merchandising experience, along with extra emphasis on its product line, and distribution.

 

These brand owned stores house all the best picks in categories that cover Lips, Eyes, Face, Nails & Skin allowing customers to enjoy a plethora of 550+ beauty & makeup products. The stores are designed to give makeup enthusiasts the ultimate retail experience of their holy grail beauty products. The product range extends from a diverse range of foundations, concealers, eyeshadow, lipsticks, highlighters, bronzers, and even skincare. Additionally, the stores also feature video screens and in-store assistance for customers to choose the perfect match for them.

Her Circle Leads The Way With India’s First Carbon-Neutral Photo-Shoot

Her Circle brought in World Environment Day in its own inimitable style! A platform committed to proffering women a safe space to grow, question and develop their skills, Her Circle took a unique path to reiterate their commitment to ‘go minimal for maximum impact’ in their special Sustainability Edition. In a trailblazing endeavour, the team curated an environment-friendly photoshoot for their digital cover. India’s first carbon-neutral photo-shoot, featuring sustainability stalwarts, took into account location, make-up, lighting, costumes, production and other such factors in designing this initiative.

 

The attempt was the perfect fit, given it shone spotlight on individuals advocating the cause of sustainability including Kirti Poonia, who believes in the importance of circularity in fashion, and draws attention to the environmental impact of fast fashion, and how brands can opt for sustainability by repurposing and reusing fashion; Rameshwari Seth, vegan, a clean beauty entrepreneur, who lays importance on treating the environment with utmost care as one would while taking care of their own home; and Elsie Gabriel an award-winning environmentalist who believes that with the right information and education, future generation of planet saviors can be readied.

 

The complete lowdown of the eco-friendly shoot is up on YouTube and all Her Circle’s social media handles. The video is preceded by BTS clips that gives a peek into the way the shoot was designed, the considerations of the technical crew, and dovetails into the sustainability conversation that follows.

 

To view the video, you may click here.