Mukesh Ambani places bet on UK-based company, plans to launch facial fitness, skincare brand for..., open 'dark stores' to reach more...
Reliance Retail Ventures (RRVL) has acquired a minority stake in UK-based facial fitness and skincare brand FACEGYM for an undisclosed amount and is set to introduce the brand in the Indian market through its beauty platform Tira. Reliance Retail recently shared that it is planning to expand its coverage by opening dark stores, special warehouses meant for faster online order deliveries. Along with this, the company is now set to launch a new facial fitness and skincare brand in India, bringing innovative beauty and wellness services to Indian customers.
In a joint statement, the two companies said that Tira, Reliance Retail's beauty chain, will steer FACEGYM's launch in India. Tira will run Facegym's day‑to‑day business here and help it grow in the local market, bringing the brand's fresh approach to Indian shoppers.
Reliance plans to build and expand FACEGYM's footprint over the next five years. To do that, it will set up dedicated FACEGYM studios and special sections inside selected Tira stores in major cities. Tira is a beauty‑only retail platform owned by Reliance Retail. Reliance Retail's expansion plan
Opening 'dark stores': Reliance Retail wants to reach more customers by setting up special warehouses called dark stores . These places don't serve walk‑in shoppers; they exist only to pack online orders fast.
Big jump in online orders: In the January–March quarter, online orders handled through Reliance's quick‑commerce service grew 2.4 times compared with the same period a year ago. Chief Financial Officer Dinesh Taluja called this a major milestone when he shared the quarterly results.
Lightning‑fast delivery network: Using its current store network, Reliance can now deliver in less than 30 minutes to about 4,000 PIN codes across India. That reach is larger than any other quick‑commerce company in the country. What are the three kinds of service at JioMart
Through the JioMart app, shoppers can choose from three delivery options: Instant delivery (around 30 minutes)
Scheduled delivery (pick a convenient time)
Local store delivery (items sent from the nearest Reliance outlet)
With more dark stores on the way and a wider delivery network than its rivals, Reliance Retail is aiming to make quick shopping even quicker for customers all over India. What did Tira and FACEGYM say about the collaboration?
Commenting on the collaboration, Bhakti Modi, Co-founder & CEO of Tira, said, 'FACEGYM sits at the unique intersection of beauty, wellness, and fitness – creating a category of its own. This aligns perfectly with the discerning beauty consumer in India who is experience-oriented, and increasingly drawn to science-backed, innovative concepts.'
Angelo Castello, CEO of FACEGYM, said, 'With our current strategic partnerships, we are in a powerful position to turn FACEGYM into one of the only beauty services. This partnership with a leading conglomerate like Reliance will serve as a catalyst for our global expansion by establishing our presence in the dynamic Indian market.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
24 minutes ago
- The Hindu
Super League Kerala signs five-year Rs 100-crore streaming rights deal with Sports.com
a part of the USA-based SEGG Media Group, has signed a five-year global partnership with Super League Kerala that could increase the football league's viewership in a big way. 'This is a Rs 100-crore deal and the contract is for five years. The global live streaming rights are now with Mathew Joseph, the CEO of the Super League Kerala (SLK), told Sportstar on Monday. 'This is also first entry into India; it will become the exclusive OTT platform for the SLK, and it will be free of cost. That is what we are more interested in,' he added. Joseph revealed that the deal, signed in Dubai, will also help build more content around the SLK, which attracted nearly 13 million viewers for its debut season last year. ALSO READ | VP Suhair set to join Jamshedpur FC ahead of Durand Cup 'They will also help us with content creation around the SLK which they have done globally for many sports…behind the scenes, they create a lot of interesting documentaries,' said Joseph. 'This deal represents a huge leap forward for the SLK. It allows us to amplify our reach across continents while delivering world-class fan engagement and streaming experiences to millions who love Kerala football,' said Firoz Meeran, Director, SLK. 'This is more than a sports rights deal. To enter the Indian market through Kerala, a State with an electrifying football culture and millions of global fans, gives us a high-growth, cash-yielding product to launch the app with force,' Firoz added. Related Topics Super League Kerala
&w=3840&q=100)
Business Standard
24 minutes ago
- Business Standard
Oberoi Realty's Q1FY26 results: Net profit falls 27% to ₹421 crore
Oberoi Realty reports a 27% YoY drop in net profit for Q1 FY26, missing analysts' estimates. The company's revenue fell significantly, while gross bookings surged in new project launches Mumbai Mumbai-based premium real estate developer Oberoi Realty's net profit for the quarter ending June in FY26 declined by 27.93 per cent year-on-year (YoY) to ₹421.3 crore. The company's net profit for Q1 FY25 was ₹584.5 crore. The profit in Q1 FY26 missed the Bloomberg analysts' poll estimate of ₹662.6 crore. The company's revenue from operations during Q1 FY26 stood at ₹987.6 crore, down by 29.71 per cent YoY. The revenue also missed the estimate of ₹1,619.4 crore. During the quarter, the company launched Tower D at the Oberoi Elysian project in Mumbai's Goregaon, where it sold ₹1,000 crore worth of housing units at launch. In Q1 FY26, 181 units with a carpet area of 3.53 lakh square feet were booked across the company's inventory available for sale. The gross booking value stood at ₹1,639 crore. Sequentially, the company's revenue declined by 14.13 per cent, while its profit fell marginally by 2.8 per cent. The company's key upcoming projects include Tower H in Mumbai's Borivali, with a gross development value (GDV) of ₹2,400 crore; a project in Worli's Adarsh Nagar (₹6,500 crore GDV); and a project in Gurugram with an estimated GDV of ₹9,100 crore. The company's board of directors also declared an interim dividend for FY26 at ₹2 per equity share, which is 20 per cent of the face value of equity shares of ₹10 each. The company's shares closed at ₹1,835.50 per equity share on Monday.
Mint
30 minutes ago
- Mint
Bharat NCX 2025 commences to bolster Indias cybersecurity preparedness
New Delhi [India], July 21 (ANI): The National Cybersecurity Exercise - Bharat NCX 2025 was officially inaugurated on Monday with the aim to strengthen India's cyber defence posture. The Bharat NCX 2025 was inaugurated by Deputy National Security Advisor T. V. Ravichandran, in the presence of Bimal N. Patel, Vice Chancellor of Rashtriya Raksha University (RRU). It was organised by the National Security Council Secretariat (NSCS) in collaboration with RRU. According to the statement by NSCS, the event was held under the theme Enhancing the Operational Preparedness of Indian Cyberspace. The two-week national-level cyber drill brings together cybersecurity professionals, defence personnel, policymakers, and industry leaders. The initiative is designed to simulate complex real-world cyber incidents, including attacks on critical infrastructure, deepfake threats, API vulnerabilities, and autonomous malware scenarios. In his keynote address, Ravichandran emphasised that cybersecurity of our digital infrastructure underpins to national security, economic growth, and public safety. From governance and healthcare to energy, transportation, and defence, the cybersecurity of our digital infrastructure underpins national security, economy, citizen trust and public safety," he said, highlighting the value of realistic and high-impact cyber simulations like Bharat NCX. Delivering the special address, Patel also stated that Cyber and AI capabilities have emerged as a potent tool of cyber defence, and digital space has evolved into a novel arena for statecraft, competition, and conflict, involving nation states and state-sponsored actors. He outlined important objectives such as proactively preventing cyber-attacks, lowering the country's susceptibility to cyber threats, and accelerating recovery with minimal impact when incidents occur. Key features of Bharat NCX 2025 include live-fire cyber simulations, an AI-integrated cybersecurity framework, a Strategic Decision-Making Exercise (STRATEX) for senior leaders, and a CISO Conclave featuring key government and industry cybersecurity officers. Additionally, the Bharat Cybersecurity Startup Exhibition will showcase innovative Indian solutions for building a secure and self-reliant digital infrastructure. Running from July 21 to August 1, the exercise will conclude with a comprehensive debriefing to consolidate insights, refine national cyber strategies, and strengthen collective resilience. (ANI)
