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Phab, a direct-to-consumer healthy snacking startup, has secured $2 million in seed funding led by OTP Ventures, with plans to expand its team and market presence. Despite selling over 2 million units, the company faced a 12% drop in operating revenue to ₹5 crore in FY24, while its net loss decreased slightly. The healthy snacking market in India is rapidly growing, reflecting changing consumer habits, yet still represents only 2% of the overall snack market, indicating significant potential for expansion.
Madhuri Madhusudan Kela acquired a 1.19% stake in Godavari Biorefineries Ltd by purchasing 500,000 shares at ₹335.66 each, while the company's shares closed at ₹342.85 after listing. Capri Global Capital Limited sold 374,382 shares, representing a 0.89% stake, at ₹327.98 each. Additionally, Torrent Investments offloaded 4,972,020 shares of Torrent Pharmaceuticals Ltd, leading to a 2.30% drop in the stock price, which closed at ₹3137.15.
Capri Global's shares surged 13% following a strong Q2 performance, with retail AUM exceeding 80% of its portfolio and gold loan AUM rising 55% QoQ to over Rs 5,400 crore. The company aims for Rs 30,000 crore AUM by FY27 and plans to raise Rs 2,000 crore through various funding options to sustain growth momentum. Gross and Net NPAs remain stable at 2% and 1.1%, respectively.
Capri Global Capital Limited
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Indian healthy snacking startup Phab secures 2 million dollars in seed funding
04:45 27.04.2025
Madhusudan Kela's wife acquires stake in Godavari Biorefineries amid market activity
Indian Rupee
Capri Global Capital Limited
Godavari Biorefineries Ltd.
Torrent Pharmaceuticals Limited
IND
Madhusudan Kela
Madhuri Madhusudan Kela
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15:49 30.10.2024
Capri Global shares surge on strong loan growth and fund raise plans
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