New Delhi: Safari Industries (India) reported a 25.40 percent decline in consolidated net profit to Rs 29.66 crore in the second quarter (Q2) that ended September 2024, compared to Rs 39.76 crore recorded in Q2 FY24, it said in a regulatory filing on Friday. However, revenue from operations grew by 23.72 per cent year on…
Venture capital firm Accel has invested $9 million in Uppercase, nearly doubling the new-age luggage maker’s valuation after the investment to $60 million. The investment is earmarked for fuelling the brand’s expansion through new retail stores domestically as well as in Europe and the Middle East by next year, cofounder and managing director Sudip Ghose…
Mumbai: VIP Industries chairman Dilip Piramal said a plan to turn around the country’s biggest luggage maker was slower in taking off, prompting independent director Nisaba Godrej to quit the board. He, however, reiterated that the company is on the path to recovery. “The organisation is focused on improving its revenues and getting the brand…
New Delhi: Safari Industries (India), on Tuesday, has reported a consolidated net profit of Rs 43.19 crore in the fourth quarter ended March 2024. It reported a consolidated net profit of Rs 38.08 crore in the same period in the last fiscal, it said in a BSE filing. Its total income for the fourth quarter…
Mid-market consumer and healthcare-focused fund Lighthouse Funds, has invested Rs 229 crore in luggage maker Safari Industries through its recent fund Lighthouse India Fund IV AIF. Safari marks the second investment by Lighthouse from its newly raised fourth private equity fund. Sachin Bhartiya, co-founder and partner at Lighthouse Funds said: “The Indian luggage market is…
