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indian cocktail brand obe cocktails shuts down after sale struggles
O’Be Cocktails, an Indian ready-to-drink cocktail brand founded in 2019, has shut down after failing to secure a buyer for over a year. The company, which operated in nine states and was backed by notable investors, faced challenges in a commoditized market that hindered its premium vision and sustainability.
tracxn grants 135000 stock options to employees amid market challenges
Tracxn has allotted 1.35 lakh stock options to employees under its ESOP 2016 plan, with each option convertible into one equity share at an exercise price of INR 1. This comes amid a challenging market environment, as the company's shares have dropped significantly, reflecting a 36% decline in net profit for Q3 FY25. Despite these challenges, Tracxn continues to expand its offerings, recently launching Tracxn Lite to provide curated data access at no cost.
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