Raghav Aggarwal

The Good Glamm Group, once valued at $1.2 billion, is currently grappling with severe financial challenges, including pending salaries and final dues for laid-off employees and delayed payments for current staff.

TFS plans Asia-Pacific & West Asia expansion for its airport lounge biz after success in Hong Kong. With 37 lounges & 384 QSRs across India & abroad, CEO Varun Kapur eyes growth via rising air travel, highways, & Rs 2,000 crore IPO by Kapur Family Trust under K Hospitality.

Reliance Retail acquires a minority stake in UK-based FACEGYM and plans to launch its facial fitness studios across the country via its beauty platform, Tira. The move expands Reliance's presence in the wellness space, aligning with rising demand for science-backed beauty innovations.

Good Glamm CEO Darpan Sanghvi confirms financial distress and ongoing restructuring talks. As layoffs and unpaid salaries mount, the company seeks to raise Rs 250–300 crore at a steep valuation cut and explores asset sales, including MissMalini and Organic Harvest, to stay afloat.

Lenskart invests in Mumbai-based Ajna Lens to boost its smart glasses push, gaining access to XR tech. The move follows its launch of Phonic audio glasses and precedes its $10B IPO. The global smart glasses market is set to hit $15B by 2032, with Meta currently leading the space.

Magicpin's food delivery business turned Ebitda positive in Q1 FY26, driven by focus on value meals through its magic9 service. CEO Anshoo Sharma highlights rapid growth, expansion of quick delivery arm magicNOW, and a 1M+ monthly deliveries milestone for its logistics arm magicfleet.

Quick commerce leaders Blinkit and Instamart are projected to show minimal improvement in their April-June quarter (Q1 FY26) losses, despite significant year-on-year revenue and GMV growth.

The FSSAI has issued a directive to over 70 e-commerce platforms, demanding stringent food safety and hygiene protocols, including transparent disclosure of warehouses on FoSCoS and others.

SEBI has removed the abeyance on WeWork India's IPO papers, allowing the flexible workspace operator's public offering of up to 43 million equity shares (OFS) to proceed.

Swiggy's quick commerce platform, Instamart, has collaborated with Reliance Jio to offer 10-minute delivery of JioBharat V4 and JioPhone Prima 2 models across 95 Indian cities.