Thursday, November 7, 2024

Kansai Nerolac Paints Ltd Announces Q2 Results FY 2024-2025


Kansai Nerolac Paints Limited (KNPL), one of the leading Paint companies in India, today at the Board meeting announced its unaudited results for the second quarter of financial year 2024-25. For the quarter, the company declared Net revenue of

Rs. 1864 Crores, a growth of 1 % over the corresponding quarter of the previous year.

EBIDTA was at Rs 215 Crores, a de-growth of 20.3 % over the same quarter of the previous year. PAT was at Rs 130 Crores, a de-growth of 27.6 % over the same quarter of the previous year. Margin was affected due to change in mix and ongoing investments in capability building for the future.

For the half year net revenue was flat at Rs. 3914 Crores over the same period of the previous year. EBIDTA was at Rs 549 Crores, a de-growth of 9 % over the same period of the previous year. PBT before exceptional items was at Rs. 516 Crores, a de-growth of 6 % over the same period of the previous year.

Commenting on the results, Mr. Anuj Jain, Managing Director, Kansai Nerolac Paints Ltd said, “The company is seeing strong growth in the areas of Paint+ products, services, projects, construction chemicals and wood finishes. Overall demand in Decorative was affected due to heavy and extended monsoons. A good monsoon would augur well, and we expect demand to improve in the second half.

In Automotive growth was good on the back of several initiatives and we expect this momentum to be maintained.

Performance Coating has also done well and is expected to remain strong on the back of a good order pipeline.

Raw material prices initially showed an inflationary trend but as the quarter progressed, raw material prices have gradually started softening.”

Outlook of Indian Paint Industry:

The size of domestic paint industry is estimated at around Rs. 75000 crores as of March 2024.The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.

Aakash Educational Services Limited (AESL) Achieves Record Breaking Milestone: One Million Students Appear For ANTHE 2024


* This extraordinary milestone is a first in the test preparation sector, that is remarkable and unprecedented.

* ANTHE offers financial support to deserving students, helping them bridge the gap between their aspirations and their capabilities.

I* t serves as a launchpad for students, equipping them to prepare for high-stakes competitive exams.

Aakash Educational Services Limited (AESL), the national leader in test preparatory services, has achieved a phenomenal milestone -- One Million students participated in its flagship scholarship examination, the Aakash National Talent Hunt Exam (ANTHE) 2024. Held nationwide, ANTHE is renowned for empowering aspiring students from Class VII-XII with up to 100% scholarships and substantial cash awards to pursue their dreams in medicine and engineering.

This extraordinary milestone is a first in the test preparation sector, that is remarkable and unprecedented. This feat not only reflects the growing trust in the high-quality teaching imparted at Aakash but also establishes a new benchmark for future initiatives. The scholarship exam was held across India in both online and offline mode from October 19-27, 2024.

ANTHE 2024 offered students a platform to showcase their skills and ambitions while providing them with access to AESL’s rigorous and comprehensive coaching programs, designed to excel in competitive exams like NEET, JEE, State CETs, and prestigious scholarships such as NTSE and Olympiads.

Mr. Deepak Mehrotra, MD and CEO of Aakash Educational Services Limited (AESL), shared, “ANTHE is more than a scholarship exam; it’s an opportunity for young minds to unlock their potential and gain access to quality education. We are committed to supporting students nationwide, enabling them to compete at the highest levels and realize their dreams of a successful career in medicine or engineering.”

ANTHE has built a legacy of nurturing talent, and many past participants have gone on to achieve top ranks in NEET UG and JEE Advanced, setting benchmarks across the nation. Designed as a one-hour test with a total score of 90, ANTHE comprises 40 multiple-choice questions, tailored to each class and stream, covering subjects such as Physics, Chemistry, Biology, Mathematics, and Mental Ability.

For Class VII-IX students, the exam tests fundamentals across these subjects. Class X students aiming for medical or engineering pathways are assessed accordingly: medical aspirants cover Physics, Chemistry, Biology, and Mental Ability, while engineering aspirants tackle Physics, Chemistry, Mathematics, and Mental Ability. Similarly, Class XI-XII students are tested in their chosen fields—medical aspirants in Physics, Chemistry, Botany, and Zoology, and engineering aspirants in Physics, Chemistry, and Mathematics.

With the participation of one million students, ANTHE continues to inspire and cultivate academic excellence across India, providing each participant with the resources, mentorship, and opportunities to achieve their academic and professional goals.

HDFC Life & riidl Somaiya Vidyavihar Join Hands For Futurance Phase 6 ‘Demo Day’


HDFC Life, one of India’s leading insurers, recently partnered with riidl Somaiya Vidyavihar, the startup incubation centre supported by Somaiya Trust, to host the ‘Demo Day’ for Futurance Phase 6.

Futurance, an ongoing corporate engagement programme, initiated by HDFC Life, is designed to provide startups with opportunities to develop innovative, next-generation solutions. It involves a competitive process where applications are invited from startups. The shortlisted ones get a platform to present their solutions.

Further, the winners get an opportunity to engage with HDFC Life’s leadership team, collaborate with business units, expand their customer reach, and commercialise their products.

Currently in its sixth phase, Futurance 2024, focused on the areas of MedTech, MarTech and HRTech. The ‘Demo Day’ followed the evaluation of hundreds of applications across these focus areas. Seven startups were shortlisted to present their solutions, with the top three emerging as winners. These winning startups will now conduct a Proof of Concept (POC) with HDFC Life.

Commenting on the success of Futurance Phase 6 – Demo Day, Vineet Arora – Chief Business Officer – Distribution, Data & Technology HDFC Life, said, “At HDFC Life, innovation is a way of life. We are always looking for innovative solutions to address business challenges, and partnering with startups enables us to explore cutting-edge solutions. Futurance has consistently introduced us to startups capable of delivering impactful solutions. As an insurer, we constantly strive to enhance efficiencies and improve the overall customer experience.”

Gaurang Shetty, Chief Innovation Catalyst at riidl Somaiya Vidyavihar, stated, “Bestowed with the National Award by the Department of Science & Technology, riidl Somaiya Vidyavihar has been driving innovation and entrepreneurship since 2010. With support by the Department of Science & Technology, BIRAC, Department of Biotechnology, Govt of India, and the Maharashtra State Innovation Society- Government of Maharashtra, it has incubated over 250 startups and facilitated the creation of over 1,000 jobs and internship opportunities. At riidl Somaiya Vidyavihar, we are always creating and engaging in opportunities to help innovation driven founders grow and succeed. Our partnership with HDFC Life, through its Futurance program, has been instrumental in providing entrepreneurs the opportunity to pilot their solutions, which is often a challenge. This corporate engagement program offers startups the possibility of commercial partnerships upon successful pilot completion, enabling them to innovate and create real impact in the ecosystem.”

Winners of Futurance Phase 6 – Demo Day are as follows:

MarTech

SaleAssist Innov8 Pvt Ltd

SaleAssist is an award-winning AI-powered live video commerce solution that enables live video selling and video-led customer engagement to drive higher sales conversions. The platform has facilitated over one million video selling sessions.

Vocbot.ai Technology Pvt Ltd

Vocbot.ai uses AI to create a patented cloud-based CRM (SaaS) platform that manages high volumes of inbound and outbound calls. It maximises the value of voice-bot conversations by integration of voice modules in more than 23 languages.

MedTech

Answer Genomics

Answer Genomics addresses the challenge of non-standardised ECG inputs from various vendors by utilising AI to develop an advanced ECG analyser. This analyser leverages multiple models to deliver more accurate inferences, processing 5 million data points per sample.

About HDFC Life

Founded in 2000, HDFC Life Insurance Company Limited (‘HDFC Life’ or the ‘Company’) is a leading provider of long-term life insurance solutions in India. It offers a broad range of individual and group plans across the Protection, Pension, Savings, Investment, Annuity, and Health categories, with a portfolio of products and optional riders designed to meet the diverse needs of its customers.

HDFC Life is a subsidiary of HDFC Bank Limited, one of India’s leading private banks. The Company has a nationwide presence, operating through its own branches and a network of over 300 distribution partners, including banks, NBFCs, MFIs, SFBs, brokers, and emerging ecosystem partners. HDFC Life also maintains a strong base of financial consultants.

Recognised as a great place to work, HDFC Life is deeply committed to governance and sustainability, ensuring responsible business practices that align with its long-term objectives.

For more information, visit www.hdfclife.com or follow us on Facebook, X (formerly Twitter), YouTube, and LinkedIn.

About riidl Somaiya Vidyavihar:

riidl Somaiya Vidyavihar supports the creation and incubation of early-stage companies from ideation to commercialization by providing them with resources, labs, facilitating government grants, investor connections, funding and mentorship. Business incubators of riidl Somaiya Vidyavihar are supported by the Department of Science & Technology; BIRAC, Department of Biotechnology, Government of India and Maharashtra State Innovation Society, Government of Maharashtra. It has incubated over 250 startups and facilitated in creating 1000+ jobs and internship opportunities while the total revenue generated by the startups is over INR 300 Cr.

riidl Somaiya Vidyavihar has been bestowed with the National Award for the year 2020 in the Emerging Technology Business Incubator category by the Department of Science and Technology.

Wednesday, November 6, 2024

MODIFI Secures Strategic Investment From SMBC Asia Rising Fund To Fuel Asian Exports By SMEs


* Fintech leader strengthens position in cross-border B2B payments and trade finance, eyeing rapid growth across Asia, including China and India.

MODIFI, a leading global platform in B2B Buy Now, Pay Later (BNPL) solutions, today announced the successful completion of a $15 million funding round led by SMBC Asia Rising Fund with participation from existing investors Maersk, IntesaSanPaolo, Heliad and other top-tier global investors. Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s leading banks and a major financial force in the APAC region, brings both capital and strategic alignment to the partnership. Beyond the equity investment, MODIFI and SMBC have signed a Memorandum of Understanding (MoU) to jointly advance digital solutions that support SME exporters across Asia in expanding their international trade operations. Through a series of joint initiatives, MODIFI and SMBC aim to empower SMEs with innovative cross-border financing solutions. 

The announcement comes on the sidelines of Singapore Fintech Festival, showcasing MODIFI's drive for innovation in the global fintech landscape. This new capital infusion will accelerate MODIFI's expansion, particularly in high-growth markets like China and India, where the company has already made significant inroads. MODIFI’s platform delivers critical liquidity and flexible payment terms to small and medium-sized enterprises (SMEs), helping them optimize cash flow and expand their international reach.

"The funding underscores the strength of our business and the confidence our investors have in our vision for the future," said Nelson Holzner, CEO and Co-founder of MODIFI. "As global commerce evolves, MODIFI is at the forefront, providing innovative solutions that empower businesses to scale and succeed across borders."

MODIFI's exponential growth has solidified its position as a market leader in cross-border payments and trade finance. Recognized by Financial Times and Statista as one of the Fastest Growing European Fintech Companies in 2024, MODIFI has facilitated over $3 billion in global trade for more than 1,800 companies since it was founded in 2018. The platform offers instant working capital approval, alongside integrated risk management tools that shield businesses from buyer defaults and fraud.

"Our mission is simple: We empower SMEs to compete and thrive in the global market with fast, flexible, and secure payment solutions," added Holzner. "With this fresh funding, we’re set to redefine global trade finance—ensuring businesses of all sizes can unlock the liquidity and get the protection they need to grow internationally."

"By transforming cross-border supply chain finance for the digital age with their global presence, we believe MODIFI supports SMEs to scale their export businesses with ease. We look forward to collaborating with MODIFI to empower our corporate clients to expand their businesses globally with agility and financial flexibility overcoming traditional trade barriers.”, said Keiji Matsunaga, General Manager of Digital Strategy Department, SMBC.

About MODIFI

MODIFI is redefining global trade finance as a leader in B2B Buy Now, Pay Later (BNPL) solutions. Trusted by businesses across 55+ countries, MODIFI provides cutting-edge tools that optimize working capital and streamline cross-border payments. Through its extensive global network, MODIFI delivers fast, flexible, and secure financial solutions, helping companies expand their international footprint with ease. By integrating advanced risk management features and seamless payment processes, MODIFI is setting new benchmarks in global commerce, empowering businesses of all sizes to thrive in a rapidly evolving market.

About SMBC and SMBC Asia Rising Fund

SMBC, one of the leading banks in Japan, co-funded SMBC Asia Rising Fund with Incubate Fund which is a corporate venture capital fund, for the purpose of accelerating business development and partnerships through investments in high potential start-ups operating actively in Asia. Through this fund, SMBC Group will enhance its business and provide clients with new solutions by uncovering/ applying new technologies via partnerships with investee firms and the development of new business models and products. 

Hero MotoCorp Showcases Its Future Mobility Vision At EICMA 2024


“With our vision "Be the Future of Mobility," Hero MotoCorp aims to push boundaries and set new standards in innovation and sustainability. We are driven by our commitment to pioneering technologies that shape a future of mobility designed to benefit generations to come.

As the world's largest two-wheeler manufacturer, Hero MotoCorp embodies the spirit of "Innovating and Making in India for the World". This ethos permeates every aspect of our operations, reinforcing our dedication to serving our 120 million customers while maintaining a focus on environmental sustainability.

“Hero MotoCorp continues to be a trusted global leader, known for reliability and resilience of our machines. This enduring trust and our world-class products form the foundation as we expand into Europe and the UK.

“We are excited to unveil four world-class products, each with a distinctive global identity,  category-leading features, advanced technology, and an acclaimed engineering excellence that defines Hero MotoCorp.”

Dr. Pawan Munjal

Executive Chairman, Hero MotoCorp

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, unveiled a range of exciting and highly-anticipated new motorcycles and an electric scooter at the EICMA 2024. The Company announced its plans to enter multiple European and UK markets by the second half of 2025.

Aligned with its vision ‘Be the Future of Mobility’, Hero MotoCorp showcased its premium range of new and existing internal combustion engine (ICE) and electric vehicle (EV) products that consisted of the award-winning, futuristic Surge S32, FIM world championship winning adventure machine, Hero 450 Rally and path-breaking electric concepts. 

Product Showcase

Continuing its journey of premiumization and expanding its product portfolio into new categories, Hero MotoCorp unveiled three new motorcycles - the Xpulse 210, the Xtreme 250R and the Karizma XMR 250. 

The versatile motorcycle range caters to various riding styles and roads - from off-road/ adventure to the street and track – while the VIDA Z electric scooter brings style and performance to environment-conscious customers. 

VIDA Z is a product for the global audience, resonating from Barcelona to Bogota with its rich features and styling. As customers become more discerning, the new tech-enabled sustainable product aims to be an expression of freedom, excitement and joy. VIDA Z’s design philosophy is to celebrate the “fun” in functional. It has harmonious design that is identifiable and relatable due to its distinctive silhouette. 

Developed with input from the FIM World Champion Ross Branch of Hero MotoSports Team Rally, the Xpulse 210 is a globally popular product that captures the essence of effortless riding. It has a minimalistic design and offers an exhilarating ride. It's adventure-ready, straight from the showroom floor.

The Xtreme 250R is designed to be the ultimate street champion. It has a "sporty" DNA running through its design, aesthetics and performance. With its aggressive styling and powerful stance, the motorcycle is an extension of the popular Xtreme power brand. 

The Karizma XMR 250 is a head-turner that exudes both performance and style. The fully-faired design, complete with racing-inspired winglets, enhances its visual appeal and innovative features like height-adjustable clip-on handlebars ensure rider comfort. Whether on a racetrack or enjoying a spirited ride on the open road, the Karizma XMR 250 delivers an exhilarating experience.

Global Expansion

With the goal of expanding its commercial operations in Europe and UK from the second half of 2025, Hero MotoCorp will be entering the markets riding on a new electric scooter - the VIDA Z. Subsequently, the Company plans to expand its range to high capacity premium internal combustion engine (ICE) motorcycles.  

Hero MotoCorp has technology centre in Europe - Tech Centre, Germany (TCG) – and the Hero MotoSports Team Rally is also based out of the TCG. The company’s existing and new product range will suitably cater to the present and future requirements of European markets.

The Company announced the appointment of distributors in Italy - Pelpi International S.r.l. It had earlier entered into commercial agreements with partners in Spain - Noria Motos SLU, France - GD France, and UK - MotoGB UK.

Product Specifications 

VIDA Z 

VIDA Z, the latest product from VIDA, powered by Hero, has been designed keeping a global audience in mind. The scooter offers an enjoyable ride that is fit for the daily commute, while also providing freedom and excitement. 

VIDA Z delivers a “worry-free ownership” by offering the comfort of multiple modes of charging, removable battery, reliable performance and added surety of Connected and Safety suite through MY VIDA App.

The VIDA Z comes with a state-of-the-art permanent magnet synchronous motor (PMSM) drive train, which offers the best combination of efficiency, low maintenance and performance. The modular architecture can accommodate a range of battery capacity starting from 2.2 kWh and going up to 4.4 kWh battery.

The vehicle will be equipped with our new age, state-of-the-art connectivity suite + cloud platform. This new platform will allow the owners to monitor/track the vehicle health, theft/movement detection, geofencing, immobilize the vehicle in case of unauthorised usage and perform Over the Air (OTA) updates without the need of visiting the service station.

Stand out design elements of the scooter include the Handlebar, which complements the surface treatment of the scooter and accents that tastefully break the otherwise minimalistic design, a touch-enabled TFT display, and industry best gradeability. 

Xpulse 210

The Xpulse 210 is designed to empower the spirit of adventure. The powerful 210cc DOHC liquid-cooled engine generates 24.5 bhp and 20.4 Nm of torque. The 210mm front and 205mm rear suspension along with switchable ABS modes for adaptable braking, give rider the confidence to tackle any terrain.

Whether navigating rocky trails or carving through city streets, the Xpulse 210 delivers a thrilling, responsive ride. The 6-speed gearbox with a slipper and assist clutch ensures smooth gear shifts.

With a high ground clearance of 220mm, it can handle rough terrains with ease. The 4.2” TFT speedometer provides clear ride information, while the adjustable handlebar ensures tailored comfort. Paired with a rally kit for off-road readiness, it makes the perfect companion for any adventure.

Xtreme 250R

The all-new Xtreme 250R is a fast motorcycle in its segment and a statement of intent for the brand. The sporty head-turner boosts aggressive styling and a powerful stance. Every element of the motorcycle, from the robust 250cc liquid-cooled DOHC engine with a 4-valve system to the trellis frame, contributes to its agile handling and exhilarating performance. Generating a peak power of 30 PS and a peak torque of 25 Nm, it is built for speed.

The USD front suspension, 6-step adjustable mono-shock rear suspension, and radial tyres with a 50-50 weight balance provide exceptional grip and responsiveness, allowing riders to experience speed with confidence.

This bike begs to be pushed to its limits. Packed with rider-centric technology, including switchable ABS modes, auto-illumination Class-D LED Projector headlight with DRLs as well as a lap timer and drag timer – it is perfect for riders who want to test the limits. It is also equipped with connected features such as TBT navigation and music control, to stay connected and informed on the go.

Karizma XMR 250

The Karizma XMR 250 exudes both performance and style. Powered by a 250cc DOHC 4V liquid-cooled engine it delivers a peak power of 30 PS and a peak torque of 25 Nm, a true sports bike in every sense. The design highlights are the sleek lines, aggressive stance, racing-inspired winglets, along with ergonomic features like height-adjustable clip-on handlebars. 

The motorcycle's structure is reinforced by a sturdy trellis frame, and it features a USD front suspension along with a 6-step adjustable monoshock rear suspension and switchable ABS modes for a smooth ride. The lap timer and drag timer for performance tracking, along with auto-illumination Class-D multi-projector LED headlight and LED DRLs, enhance the utility of the motorcycle.

About Hero MotoCorp

The New Delhi (India) headquartered Hero MotoCorp Ltd. is the world’s largest manufacturer of motorcycles and scooters, in terms of unit volumes sold by a single company in a year — the coveted position it has held for the past 23 consecutive years. The Company has sold over 120 million motorcycles and scooters in cumulative sales since its inception. Hero MotoCorp currently sells its products in 48 countries across Asia, Africa, and Latin America. Hero MotoCorp has eight state-of-the-art manufacturing facilities, including six in India, and one each in Colombia and Bangladesh. Hero MotoCorp has two world-class, state-of-the-art R&D facilities — the Centre for Innovation and Technology (CIT) in India and Tech Centre Germany (TCG) near Munich. Hero MotoCorp is one of the largest corporate promoters of multiple sports, including, Golf, Football, Field Hockey, Cricket and Motorsports. Golf icon Tiger Woods is Hero’s Global Corporate Partner.

Could Use A Vacation Right Now: Elsa Pataky And Chris Hemsworth Partner With Experience Abu Dhabi


Hollywood couple Elsa Pataky and Chris Hemsworth have collaborated with Experience Abu Dhabi, sharing all the city has to offer blending rich culture, adventure, and peaceful escapes, with incredible weather and endless experiences for every kind of traveller to enjoy at their own pace.

The two-year partnership was announced with a campaign film that features the duo on set, dreaming of a much-needed holiday. Using a mix of comedy and action, the film sees the couple agree that they could use an escape and imagine the blissful moments they could be experiencing in a destination that has it all...Abu Dhabi.

Elsa commented on putting family first: “When it comes to family holidays, Abu Dhabi has it all. Whether it is for us as a couple or a family, every day here is a new adventure, there is something for each one of us to enjoy and discover. My kids have fallen in love with Abu Dhabi, as it gives them a playground for all the things they want to do. Whether it's theme parks with exciting roller coasters, dune bashing and horse riding in the desert to catching the best wave, Abu Dhabi has it all and is now our must-do holiday spot.”

Chris reflected on creating memories: "We're thrilled to partner with Experience Abu Dhabi. Abu Dhabi’s got everything we love all in one place. The adventures have left us with amazing memories that will last a lifetime—you can tell how special it was since the kids didn't want to leave. We've loved everything about the culture, the people and the experiences. It’s a place where we can unwind, and relax, with the feeling of being at home. We’ve travelled the world, but Abu Dhabi has captured our hearts. We’re already planning for our next trip!"

As heard in the film, the message "Could Use A Vacation Right Now" resonates with the world. So many of us are drowning in deadlines, work commitments, and a never-ending to-do list—dreaming of that next great holiday. In Abu Dhabi, you can swap your daily routine for the perfect escape, from inspiring cultural experiences to galloping across desert dunes, riding waves at Surf Abu Dhabi and reconnecting with loved ones under a stunning sunset on a white-sand beach.

The campaign film showcases how Abu Dhabi inspires every family to find their own pace—a destination brimming with new adventures and countless opportunities to create lasting memories. From kayaking around Louvre Abu Dhabi to thrilling rollercoasters, all wrapped in the warmth of Emirati hospitality, the couple had the perfect family getaway. They savoured traditional Emirati cuisine before sunset strolls on the beach, feeling welcomed and at ease.

H.E. Nouf Mohamed Al-Boushelaibi, Executive Director of Strategic Marketing & Communications at DCT Abu Dhabi, said: "We're incredibly passionate about sharing Abu Dhabi with the world and are proud to have Elsa and Chris partnering with us. Their dynamic energy and love for discovery highlights everything Abu Dhabi has to offer from inspiring cultural experiences to adventures, creating meaningful and lasting memories, all at their own pace."

Get inspired by Chris and Elsa's dream-come-true adventure in Abu Dhabi and watch the new film here.

About Experience Abu Dhabi:

Experience Abu Dhabi is the destination brand of the Department of Culture and Tourism – Abu Dhabi.

DCT Abu Dhabi drives the sustainable growth of Abu Dhabi’s culture and tourism sectors and its creative industries, fuelling economic progress and helping to achieve Abu Dhabi’s wider global ambitions.

By working in partnership with the organisations that define the emirate’s position as a leading international destination, DCT Abu Dhabi strives to unite the ecosystem around a shared vision of the emirate’s potential, coordinate effort and investment, deliver innovative solutions, and use the best tools, policies and systems to support the culture and tourism industries.

DCT Abu Dhabi’s vision is defined by the emirate’s people, heritage and landscape. We work to enhance Abu Dhabi’s status as a place of authenticity, innovation, and unparalleled experiences, represented by its living traditions of hospitality, pioneering initiatives and creative thought..

CakeZone Welcomes Palak Tiwari As Brand Ambassador Amidst Festive Excitement


* Brand film: Ordinary ko occasion mein badlo - CakeZone matlab celebration on!

CakeZone the National Dessert Brand from the House of Curefoods, announced popular actress Palak Tiwari as its official brand ambassador for the next year. Palak Tiwari’s association with CakeZone comes at an exciting time, as the brand looks to deepen its connection with younger audiences who appreciate both quality and creativity in their celebrations.

Known for her engaging persona and strong presence among Gen Z, Palak is an ideal ambassador to highlight CakeZone's commitment to innovation in the dessert space. Together, they aim to bring joy to festivities across the country, creating sweet moments that last.

Palak Tiwari expressed her excitement about this collaboration, saying, “I am thrilled to be part of the CakeZone family! Their commitment to blending tradition with modernity perfectly aligns with my own values. These festive hampers are a way to share love and joy with our loved ones during this beautiful festival.”

With the ongoing festive season, CakeZone elevated the celebrations with its exclusive Diwali hampers, thoughtfully designed to capture the spirit of tradition and modern indulgence. These special hampers offer a delightful range of treats, perfect for gifting to loved ones and ensuring a memorable Diwali. Each carefully curated hamper serves as a heartfelt postcard, filled with delectable items that reflect love and care.  These elegant and stylish hampers cater to diverse tastes, making them the ideal choice for this festive occasion.

Ankit Nagori, Founder, Curefoods, added, “We are excited to have Palak Tiwari on board as our brand ambassador. Her vibrant personality and connection with the new generation resonate perfectly with our vision. Our festive hampers are designed to make every celebration special, and we believe that with Palak’s influence, we can inspire more people to celebrate with meaningful gifts.”

As the festive season approaches, Cakezone extends an invitation to the community to explore its exclusive festive hampers, which have been thoughtfully crafted to enhance the spirit of celebration. The brand aims to honor the values of love, joy, and togetherness during this auspicious occasion with its curated offerings.

About CakeZone:

CakeZone is a cloud-kitchen dessert brand currently operating in 35 cities with more than 160 cloud kitchens and plans to expand to other important cities soon. CakeZone aspires to fill the space of being a national dessert brand, founded in 2016 in Bangalore.

After bypassing the requirement to showcase bakery products unlike brick-and-mortar stores, CakeZone developed the capabilities to deliver freshly baked products all the time. The strong operational processes and frugality helps to scale efficiently. The brand has been ranked consistently among the top dessert brands in Bangalore, Hyderabad for the last 3 years. They invested in a R&D kitchen which helped them produce new products and add a strong moat to their business. Please refer to www.cakezone.com for additional information.

About Curefoods:

Curefoods is a leading house of F&B brands in India. It was founded by Ankit Nagori in 2020. It houses brands like EatFit, Cakezone, Nomad Pizza, Sharief Bhai Biryani and Frozen Bottle, among others. It has over 350 cloud kitchens and offline stores that cater to over 10 cuisines, across 30 cities in India. Curefoods is the second-largest cloud kitchen player in India in terms of footprint with the largest manufacturing capability in the fresh food space. Additional information on Curefoods is available at https://curefoods.in

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