Tag: press-release

Bengaluru (Karnataka) [India], August 14:  Kennametal India Limited (KIL) concluded Q4 FY25, ended June 30, 2025, delivering sales of ₹ 3,234 Mn, 6.9% higher as compared to ₹3,024 Mn in the same quarter last fiscal. The results were driven by market growth across the company’s portfolio of tooling, wear-resistant, and machining solutions.

Profit Before Tax (PBT) was ₹413 Mn compared to ₹ 400 Mn in the same quarter last fiscal year, up 3.2% from operational excellence, cost efficiency measures and higher volumes.

Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, KIL, said, “We continued our revenue growth this quarter, while enhancing operational efficiency to drive profitability. Despite uncertainties around tariffs and evolving market dynamics, we leveraged the momentum in our domestic market and continued to deliver innovative solutions that address our customers’ most critical machining challenges.”

Kennametal India Limited is a subsidiary of Kennametal Inc., USA. With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling, and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering, and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day, approximately 8,700 employees are helping customers in more than 60 countries to stay competitive. Kennametal Inc. generated approximately $2 billion in revenues in fiscal 2024.

Learn more at www.kennametal.com.

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Bengaluru (Karnataka) [India], August 14: The Scaler School of Technology (SST) held its formal Orientation Day Ceremony on August 4, 2025, at its Macro Campus in Electronic City, Bengaluru, and officially opened the undergraduate Cohort of 2025-2029. The institute’s 2025 admission cycle has witnessed a 240% surge in applications in the last two years. This year, more than 600 students were welcomed on campus from a pool of around 20,000 aspirants who took the National Scaler Entrance Test (NSET). This orientation marked a key milestone in SST’s rise to one of India’s leading institutions for tech education in India.

The experiences of this year’s orientation were created not only to welcome the students, but to apply meaning to the culture, philosophy, and ambitions of SST as an institution that blends academic rigor with industry-respected hands-on engineering education. It was a unique day of activity, reflection and inspiration, and a great way to frame the next four years of their lives.

The event started with Shruti, Program Director at SST and an IIT Kharagpur alumni, welcoming the cohort and imploring students to think of their time at SST as a challenge to their thinking and growth as a person.

Scaler’s Co-founder & Dean at SST, Anshuman Singh-Ex tech lead for Facebook Messenger then took the stage and gave an inspiring and powerful message, captivating the entire assembly. He called on the importance of a curiosity-driven mindset, learning through honest exploratory engagement and getting out of our comfort zone. He reminded the cohort that they are entering their foundational years at a time when technical disciplines such as computer science and artificial intelligence are rapidly changing the workings of the world, and that SST would be the laboratory in which their aspiration would be cultivated.

Program Director Manmeet Singh facilitated the mid-morning program while exhibiting both structure and spontaneity. Through several interactive games and activities, he helped students relax into the new environment while highlighting the rich diversity and possibility of the batch.

One of the most anticipated sessions of the day was the Super Mentor Central Session with a live virtual address from Yash Kumar, Programme and Tech Lead at OpenAI, who is currently leading the development of OpenAI’s agent technologies, joining us from San Francisco. Yash shared his journey from IIIT Hyderabad (fellow alum with Anshuman Singh) to building foundational AI systems such as ChatGPT. Yash’s talk about consistency, resilience and continuous learning offered a truly unique experience to students on Day 1, and reflected the core principles that align with SST’s purpose.

The event then continued with keynote sessions by three eminent industry leaders, each one offering a different perspective into the world of tech leadership today. Nikhil Mittal, CTO of Zepto highlighted agility and tech leadership as key to developing high-performance systems that can adapt to the pace of innovation that defines startups. Akhilesh Yede, Chief Technology Officer-Digital Native at Microsoft, discussed how students can employ curiosity as an innovation-driver, and spoke about what it means to thrive in a global tech team. Rajorshi Aich, former Head, Enterprise Solutions at Google discussed insights into cloud computing, scaling enterprise systems, and how to prepare for future technological disruption.

Students benefited not only hearing from thought leaders, but interacting with them through an open Q&A session, making it educationally relevant on a personal level for all the students at SST.

The program ended with a keynote speech by Abhimanyu Saxena, Co-founder of Scaler, who introduced students into SST’s core values – Respect, Integrity, Curiosity, and Excellence or- RICE – as more than values that people simply share with one another or in an academic institution, but as moral values that all of them should carry out into their lives and careers. The ceremony ended with the whole cohort, all the faculty and leadership taking the official SST Oath, signalling a commitment to the journey ahead.

Following the formalities, students and faculty sat down to lunch together, began forming early connections, sharing stories, and forming a starting point towards what will no doubt be the beginnings of a community built together on trust, learning and collaboration. The energy carried through the evening, with students unwinding over games like football, cricket, and other fun activities. The day concluded on a high note with a lively DJ night, marking not just the end of orientation but the beginning of countless memories to come.

Orientation Day for the 2025 academic year at Scaler School of Technology not only marks the start of the academic calendar, but the institution also reaffirmed its drive to develop ethical, competent, and purpose driven technologists on Day One. SST regularly holds sessions with “super mentors” like Rajan Anandan (Ex-Microsoft India Head, Ex-Google VP SEA), Bhavin Turakhia (ZETA CEO) and most recently Arvind Neelakantan – one of the founding minds behind GPT-3 and GPT-4.

The final intake is taking place now, with the last set of students joining on September 1. Admissions are closing soon for the Batch 2025 final intake, and this is the last opportunity for aspiring engineers to begin their journey at SST -where world-class mentorship, hands-on learning, and industry exposure begin from Day One.

Explore Scaler School of Technology

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Mumbai (Maharashtra) [India], August 14: Studio LSD Limited (Studio LSD, The Company) is a multimedia production house specializing in creating original and captivating content, proposes to open its Initial Public Offering on Aug 18th, 2025, aiming to raise ₹ 74.25 Crores (at upper price band) with shares to be listed on the NSE Emerge platform.

The issue size is 1,37,50,000 equity shares with a face value of ₹ 2 each with a price band of ₹ 51 – ₹ 54 Per Share.

Equity Share Allocation

• Qualified Institutional Buyer – Not more than 1,32,000 Equity Shares
• Non-Institutional Investors – Not less than 51,72,000 Equity Shares
• Individual Investors – Not less than 77,58,000 Equity Shares
• Market Maker – Up to 6,88,000 Equity Shares

The net proceeds from the IPO will be utilized for capital expenditure, working capital requirements, and the general corporate purposes. The issue will open on Monday, Aug 18, 2025 and will close on Wednesday, Aug 20, 2025.

The Book Running Lead Manager to the Issue is Corpwis Advisors Private Limited, and the Registrar is Link Purva Sharegistry (India) Private Limited.

Mr. Prateek Sharma, Managing Director of Studio LSD Limited expressed, “At Studio LSD Limited, storytelling has always been at the heart of what we do. This IPO represents the next phase in our journey—one that builds on years of creating popular and high-quality television content for audiences across India. From drama and thrillers to romance, mythology, and comedy, our portfolio reflects both creative range and consistency. With the capacity to deliver around 1,800 minutes of content every month and our recent expansion into the music segment, we are well-prepared to meet the growing appetite for fresh, engaging entertainment.

The funds raised will be used to expand our operations, enhance our in-house post-production facilities, and adopt advanced technologies like VFX, AI, and immersive video. These steps will allow us to strengthen our creative capabilities, improve efficiency, and bring more innovative stories to audiences.

We see this IPO as an opportunity to deepen our foundation, move faster on our growth plans, and progress towards our vision of becoming a studio known for quality, creativity, and lasting audience impact.”

Ms. Shilpa Kanodia, Director of Corpwis Advisors Private Limited said “We are glad to partner with Studio LSD Limited in its IPO journey. The company is recognized for its expertise in crafting compelling narratives and delivering high-quality content. The company is also diversifying into the music business.

With the entertainment industry witnessing strong growth and a surge in demand for technology-driven storytelling, Studio LSD stands out with its comprehensive in-house production capabilities and adoption of modern technologies. Its consistent growth and industry recognition reflect both its creative strength and competitive positioning. 

This IPO will enable the company to scale its operations, upgrade infrastructure, and capture emerging opportunities in a rapidly evolving content landscape. We believe Studio LSD is well-positioned for sustained growth and value creation.”

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Atharv Om Chandra Milan, a luxury residential project by Atharv Lifestyle, has achieved a swift sell-out, with all 44 units booked within just three months of its launch. Located in the coveted neighbourhood of Vile Parle East, the project is setting new benchmarks for upscale living in Mumbai’s suburban real estate market.

Set on Mahatma Gandhi Road, right beside the prime Jain Derasar, the development features two elegant G+8 and G+9 towers housing exclusive 3, 4, 5 and 6 BHK residences. Spread across a 1,752 sq. m. plot, Atharv Om Chandra Milan offers a low-density layout that ensures privacy and tranquility, a rare find in a densely populated region like Mumbai Suburbs.

The project’s pricing reflects its premium positioning. Homes ranging from 1,000 to 4,500 sq ft have seen prices reach as high as ₹54,000 per square foot, highlighting the area’s surging demand for luxury housing. The locality has been witnessing steady appreciation, with some reports noting annual growth of 8–12% in recent years—underscoring its appeal to both homebuyers and investors.

The project enjoys strong locational advantages, with premier schools like Jamnabai Narsee, Mithibai College of Arts and NMIMS University, as well as renowned hospitals such as Nanavati and Criticare, all in close proximity. Residents also benefit from easy access to Juhu through Vinayak Gore Flyover, Western Express Highway, Vile Parle railway station, and Chhatrapati Shivaji Maharaj International Airport, enabling seamless connectivity across the city.

Amenities at Atharv Om Chandra Milan are curated for modern family living. These include a fully equipped gymnasium, Multipurpose hall, sports court, indoor game room, podium garden, terrace garden and more, catering to both recreation and relaxation. Enhanced with round-the-clock security, CCTV surveillance, and reserved parking, the project delivers a complete lifestyle experience.

Construction is already progressing well ahead of the RERA schedule, with handover expected before the December 2026 deadline. Atharv Lifestyle has raised the bar by deploying MIVAN technology—even for a boutique-scale project with just nine floors—ensuring superior build quality, structural precision, and faster execution.  This early progress, along with Atharv Lifestyle’s reputation for timely delivery, has further boosted buyer confidence.

The robust performance of Atharv Om Chandra Milan also mirrors broader trends across the Mumbai Metropolitan Region (MMR). In the first half of 2025, the MMR region clocked ₹82,800 crore in sales, recording a 9% increase in sales value. This growth was driven by the sale of 75,000 units and a notable 16% rise in the average ticket size. Interestingly, the share of ultra-premium homes priced above ₹3.5 crore in the MMR rose from 29% to 34%, indicating a growing appetite for high-end real estate in the city, according to a report by CREDAI-CRE.

Founded in 2013, Atharv Lifestyle is dominating the Vile Parle East real estate market. With more than 16 completed and ongoing projects, a track record of timely delivery, and over 1,000 happy families, the brand has earned a reputation for quality and reliability. Atharv Om Chandra Milan is yet another milestone in its growing legacy of excellence.

In a city full of towering developments, Atharv Om Chandra Milan stands apart with its intimate scale, intentional design, and elegant living spaces—setting a new standard for residential luxury in suburban Mumbai.

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Chennai (Tamil Nadu) [India], August 14: Khazanchi Jewellers Limited (BSE: 543953), one of the leading Indian jewellery companies specializing in gold, diamonds, precious stones, and bullion items has successfully onboarded Malabar Gold & Diamonds Limited, one of the world’s largest jewellery retailers into its customer portfolio. This development represents a bold leap forward in the Company’s institutional business strategy a definitive endorsement of its product design capabilities, supply scalability, and operational trust. 

Malabar Gold & Diamonds is the flagship company of the Malabar Group, a leading diversified Indian business conglomerate. Established in 1993 in Kerala, the company has grown into one of the world’s largest jewellery retailers, with a network of 400+ outlets across 13 countries and a presence spanning India, Middle East, Far East, USA, UK, Canada, and Australia. With an annual turnover of USD 7.5 billion and 14 manufacturing units across India and the GCC, Malabar offers a portfolio of 12 exclusive jewellery brands, serving a wide spectrum of consumer preferences through retail stores, design centres, wholesale units, and factories.

The association with Malabar Gold & Diamonds will allow the Company to significantly enhance its production utilization, improve revenue visibility, and reinforce its position in the B2B jewellery supply segment. It will provide access to steady, high-volume institutional orders and elevate its brand positioning by aligning with a globally admired client.

Commenting on the development, Mr. Rajesh Mehta, Chairman & Joint Managing Director, Khazanchi Jewellers Limited said, “Partnering with Malabar Gold & Diamonds is a transformational moment for the Company. Their global stature and stringent quality benchmarks are a strong validation of our design capabilities, manufacturing excellence, and commitment to timely delivery. It reinforces our credibility in the institutional gold jewellery segment and reflects the trust we’ve built over five decades.

This association is more than just a business collaboration; it opens up long-term growth opportunities for us across India and potentially global markets. With our expanding product portfolio, strong design infrastructure, and focus on purity and precision, we are well-positioned to scale new heights in the B2B jewellery sector.”

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Mumbai (Maharashtra) [India], August 14: Dhruv Consultancy Services Limited. (DCSL) (BSE – 541302 | NSE – DHRUV), one of the leading infrastructure consultancy companies in India, has announced its unaudited financial results for the Q1 FY26.

Key Consolidated Financial Highlights

• Revenue of ₹ 21.40 Cr, YoY growth of 6.89%

• EBITDA of ₹ 3.58 Cr, YoY growth of 30.18 %

• EBITDA Margin of 16.72%, YoY growth of 297 Bps

• Net Profit of ₹ 1.60 Cr, YoY growth of 81.81%

• Net Profit Margin of 7.46%, YoY growth of 309 Bps

• Diluted EPS: ₹0.84, YoY growth of 52.72%

Upon the financial performance, Mrs. Tanvi Dandawate Auti, Managing Director, stated, “We are pleased to report a strong start to FY26, driven by encouraging results in Q1 marked by strategic milestones that expand both our geographical reach and sectoral depth. The Company’s healthy project pipeline, timely execution, and operational efficiency supported steady performance during the quarter, laying a strong foundation for the rest of the year.

The Company made a significant leap into the global market with our first private sector project win in Saudi Arabia, aligning with the Kingdom’s Vision 2030. This not only validates our technical expertise at an international level but also paves the way for sustained growth across the Middle East region.

Simultaneously, our continued focus on core infrastructure consulting yielded results domestically, with a key railway infrastructure development project under SAGARMALA and expressway development consultancy awards from UPEIDA. With these developments, we remain committed to expanding our portfolio across high-impact sectors while delivering consistent value to stakeholders.”

Key Operational Highlights of Q1 FY26

Secured an International Private  Sector Project in Saudi Arabia	Contract, valued at USD 22,000 (approximately INR 18.70 lakh), including design, profile and cross-section drawings, road markings, signage plans, landscaping, gantry leg foundation, and model verification.
Secured Key Contract for Railway Infrastructure Development	Secured a ₹1.94 Cr contract for Detail Engineering for Construction of New Line to Develop Railway private siding at the Rohne Coal Blockunder SAGARMALA initiative through Indian Port Rail & Ropeways corporation Ltd.
Secured Consultancy Projects from UPEIDA for Expressway Development	Awarded 10-month DPR consultancy for Jhansi Link Expressway and Ganga Expressway (Prayagraj–Rewa NH Expressway) by UPEIDA, on a per lane km fee basis.

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Mumbai (Maharashtra) [India], August 14: Davangere Sugar Company Limited, (NSE Code: DAVANGERE), (BSE Code: 543267), a fully integrated sugar, ethanol, and renewable power company, opened its Rights Issue on Thursday, Aug 14, 2025, aiming to raise ₹ 149.22 Crore.

The issue size is 48,92,39,202 equity shares at a face value of ₹ 1 each with an Issue Price of ₹ 3.05 Per Share.

Rights Issue details:

• Right Issue Price – ₹ 3.05 Each Share
• Right Issue Size – ₹ 149.22 Crore
• Right Entitlement – 13 Shares for every 25 shares held

●Renunciation Of RE – 14^th Aug, 2025 – 25^th Aug, 2025

●Record Date – 06^th Aug, 2025

●Rights Issue Closes – 29^th Aug, 2025

The net proceeds from the Rights Issue will be utilised for Repayment or prepayment, in full or in part, of all or a portion of certain borrowing availed by the Company, and Adjustment of Unsecured Loans against the Rights Entitlement of the Promoters.

Mr. Ganesh Shivashankarappa Shamanur, Chairman & Managing Director of Davangere Sugar Company Limited, expressed, “We are pleased to announce the launch of our Rights Issue, giving our existing shareholders an opportunity to participate directly in the next stage of the company’s growth. Over the years, we have steadily evolved into an integrated sugar, ethanol, and renewable power producer, strengthening our operations and expanding our product portfolio.

The funds raised will be utilised for the repayment of existing loans. Future plans include enhancing ethanol production capacity, introducing CO₂ recovery systems, modernising facilities, and implementing initiatives to increase sugarcane cultivation. These steps will help improve efficiency, support sustainable practices, and position us to capture emerging opportunities in the biofuel and renewable energy space.”

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New Delhi [India], August 14: In the golden hush of Rajasthan’s morning, where forts silhouette against the rising sun and every grain of desert dust carries stories of legacy and resilience, there emerges a quieter, subtler revolution. One not carved in stone but scripted in code.

This is the Rajasthan of now. A state that wears its history with pride but steps boldly into a digital future, unapologetically modern, unflinchingly ambitious, and unmistakably people-first.

As one of India’s largest and most diverse states, Rajasthan understands the power of a narrative, and today, its most compelling story is unfolding across screens, servers, and citizen interfaces. The story of how governance, once confined to files and counters, is becoming intuitive, inclusive, and intelligent.

A Governance Footprint as Grand as Its Geography

Spanning over 79 departments and 23 sectors, Rajasthan’s administrative framework is among the most expansive in the nation. From tourism and agriculture to public health and revenue, each department operates as a vital cog in the machinery of public service.

Yet for the citizen, the expectation is singular: ease.

Ease of access. Ease of understanding. Ease of interaction.

Rajasthan’s government websites, many of which were developed in silos over the last decade, are now at a crossroads. Several lack visual coherence, accessibility compliance, and mobile responsiveness. Some host valuable content buried under outdated architecture. Others are inaccessible to persons with disabilities or offer no support for regional language navigation.

The Rajasthan government, acutely aware of these gaps, is seeking to weave all its digital touchpoints into a single, cohesive experience, driven by design, strengthened by structure, and powered by robust technology.

This is not merely a website makeover. It is a re-imagination of how government speaks to its people.

The Digital Mandate: Unifying Services, Simplifying Access

A citizen today expects no less from a government portal than from a commercial application. Just as one tracks a parcel or pays a utility bill in seconds, they now expect to:

• Apply for caste, domicile, or income certificates.
• Monitor land records and dispute status.
• Browse employment schemes.
• Pay challans or taxes.
• Register feedback or grievances.
• Access data and publications of public interest

And they expect to do all this from a phone in the village square, or a laptop in a Jaipur apartment, with equal clarity, speed, and confidence.

The Government of Rajasthan’s vision, thus, is to move toward an integrated web architecture, anchored by a core content management platform that supports modularity, multilingual publishing, accessibility, and seamless integrations with services like RajSSO, Rajdhara, e-Mitra, RajKaaj, and more.

This vision calls for more than mere deployment. It demands empathy in design, foresight in architecture, and rigor in management.

Adobe Experience Manager: Crafting Experiences, Not Just Interfaces

To realize this transformation, the Rajasthan Government has opted for Adobe Experience Manager (AEM), a world-class enterprise content management system known for its scalability, security, and user-first capabilities.

AEM empowers government departments to:

• Create visually cohesive and brand-consistent websites.
• Deploy content in Hindi, English, and other regional languages.
• Build reusable templates for smaller boards and PSUs.
• Deliver responsive layouts across devices.
• Ensure WCAG 2.1 accessibility compliance.
• Optimize content discoverability through intelligent metadata and search.

Furthermore, AEM allows for decentralized content authoring while maintaining a centralized governance model, ensuring that every department can update its portal in real-time, without compromising security or design harmony.

Facility Management Services (FMS): Sustaining the Digital Engine

Technology is only as reliable as its upkeep. The Government’s push toward continuous digital service delivery makes Facility Management Services (FMS) an indispensable part of the portal lifecycle.

FMS includes:

• 24×7 portal uptime monitoring
• Regular content audits and updates
• Vulnerability assessments and ‘Safe to Host’ certifications
• Analytics to track engagement, bounce rates, and citizen usage patterns.
• Helpdesk support for internal stakeholders
• Version upgrades and bug resolution

Just as heritage monuments in Rajasthan are preserved through care and vigilance, these digital portals require constant, behind-the-scenes stewardship to ensure they remain relevant, responsive, and robust.

Dexian India: Engineering Trust Through Digital Precision

It is in this context that Dexian India brings its expertise. With deep experience in crafting intelligent web ecosystems for public sector clients, Dexian understands the pulse of governance and the power of digital empathy.

Specializing in Adobe Experience Manager implementations, Dexian delivers solutions that are not just technically sound but intuitively human. The company’s portfolio spans the full lifecycle, from design, development, and content strategy to hosting, security compliance, and FMS.

At the heart of Dexian’s approach lies a singular goal: to simplify governance through meaningful digital experiences.

“Our platforms are not just built for scale; they are designed for relevance. When we build for governments, we build for the everyday realities of people navigating policy,” says Venkat Lakshminarasimha, Executive Director – Solutions, India & Middle East.

Dexian’s core capabilities include:

• High-fidelity wireframe design aligned with Rajasthan’s digital identity.
• Creation of multilingual, mobile-first templates for quick replication
• Integration with state-specific systems (RajSSO, RajKaaj, etc.)
• Hosting support with disaster recovery and failover provisioning
• Training workshops to empower departmental content authors.
• Comprehensive Facility Management Services for long-term reliability

Dexian also places strong emphasis on accessibility and inclusion, ensuring that every citizen, regardless of geography or ability, can navigate and benefit from state services online.

“We believe a well-designed government portal is like a well-laid path in a desert; it may not draw attention to itself, but it guides, supports, and never fails,” adds Venkat Lakshminarasimha.

A Moment Worth Seizing

In a country where digital infrastructure is fast becoming the fourth pillar of democracy, Rajasthan has an opportunity to lead, not merely in reach, but in experience.

By investing in a cohesive digital strategy built on platforms like AEM and supported by responsible Facility Management, the state is setting a benchmark for other governments to follow.

The citizen, after all, should never feel lost in a government website. They should feel seen, heard, and served.

Conclusion: Rajasthan’s Legacy, Rewritten in Code

Rajasthan has always been a place of stories, etched in stone, echoed in folk songs, retold through generations. Today, a new story is being written, not in ballads, but in bold digital steps.

• A story where governance walks hand in hand with grace.
• Where a portal is not just a website, but a welcome.
• Where every byte echoes a promise.

As Rajasthan reimagines its digital destiny, the journey calls for partners who blend technology with understanding, design with accountability, and innovation with integrity.

In this evolving landscape, Dexian India stands ready to script this next chapter not just in Rajasthan’s digital book, but in its living, breathing story of progress.

About the Author:

Venkat Lakshminarasimha – Executive Director, Solutions – India & Middle East at Dexian India

Venkat Lakshminarasimha, Head of Solutions for India and the Middle East at Dexian India, is a distinguished leader in business and product management. His expertise in digital transformation spans IT enterprises, government bodies, and the AgriTech sectors. Venkat is adept at converting complex client needs into innovative, actionable solutions through a consultative approach. His close collaboration with clients on software development, product launches, and lifecycle management ensures smooth transitions and long-term success.

Under Venkat’s leadership, Dexian’s Managed Services have expanded globally, with him overseeing hundreds of engineers across the US, the Middle East, and India in pioneering digital transformation and cognitive projects. He has been instrumental in establishing Centers of Excellence in data science, AI/ML, and AR/VR, showcasing his dedication to advancing engineering talent and fostering innovation. Venkat’s visionary leadership continues to drive excellence and growth in the rapidly evolving tech landscape.

Please visit for more Information: https://india.dexian.com/

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New Delhi [India], August 13: In a startup ecosystem where metro cities like Bangalore, Mumbai, and Delhi dominate headlines, Clozzet, a bold new player from Ahmedabad, is proving that innovation doesn’t need a metropolitan pin code to make waves.

The hyperlocal fashion-tech startup has created ripples across the Indian startup community after its wildly successful 15-day pilot in Ahmedabad, delivering numbers that many early-stage ventures can only aspire to. With over 100 paid orders fulfilled in under 60 minutes, 2000+ users onboarded, and a staggering 400% week-on-week revenue growth all without major spend on performance marketing ,Clozzet is poised to become a household name in Indian fashion commerce.

Local Innovation, National Ambition

Clozzet is India’s first quick fashion marketplace, allowing users to discover and purchase fashion from nearby retail stores, delivered to their doorstep in under an hour. The model is intentionally asset-light: no inventory held, no dark stores, and no disruption to retailer operations.

This insight drove Clozzet’s pilot city choice: Ahmedabad, not Delhi or Bangalore. The city, known for its strong fashion DNA, smartphone-savvy youth, and rising online consumption, offered fertile ground for testing the startup’s hyperlocal commerce engine.

Impressive Metrics That Speak Volumes

In just two weeks, Clozzet has demonstrated the power of its model with clear, measurable impact:

• 100+ paid orders, each fulfilled within 60 minutes
• Over 3000 live SKUs across streetwear, ethnic wear, accessories, and more
• Retail partner brands reported 1.5x to 1.75x sales growth post-onboarding
• 80% of orders fulfilled within an 11 km radius, validating hyperlocal demand
• Pilot operations ran exclusively with regional brands, proving scalability

Clozzet’s success isn’t limited to numbers. It has quickly caught the attention of national fashion labels like Snitch, US Polo, Arrow, Monte Carlo, and The Souled Store, all of whom are now in advanced conversations with Clozzet to tap into their new-age, hyperlocal distribution channel.

Seed Funding Round in Motion

Buoyed by its early traction, Clozzet is now preparing to raise $500,000 (~₹4.2 crore) in seed funding. The capital will be used to build out the leadership team, strengthen backend infrastructure, and expand operations to major metros including Mumbai, Delhi, and Bangalore.

The brand’s lean operations and capital-efficient growth strategy have made it especially attractive to investors who are increasingly cautious of cash-guzzling e-commerce models. Unlike traditional platforms that rely on warehousing and deep discounting, Clozzet brings digital visibility and velocity to offline retail without disrupting how those stores operate.

Building the Infrastructure of Fashion Commerce

India’s online fashion market is forecasted to exceed $40 billion by 2028, yet over 95% of retail inventory remains invisible online in real-time. Clozzet is aiming to change that by turning every fashion store into a real-time, digitally discoverable fulfilment node, all powered by smart technology.

The $500K seed round will focus on:

• Hiring top talent across operations, technology, and city expansion
• Building real-time inventory sync for stores
• Creating smart discovery tools for shoppers
• Developing performance dashboards for partner brands
• A Foundational Layer for the Future of Retail

One of Clozzet’s early advisors compared the company’s early-stage promise to Zomato in 2010 or Blinkit in 2021  platforms that went on to fundamentally reshape their categories.

About Clozzet

Clozzet is India’s first hyperlocal fashion marketplace that transforms physical fashion stores into real-time fulfilment centres. Starting in Ahmedabad, the platform enables users to shop from nearby stores and receive their orders in under 60 minutes. Clozzet’s mission is to bring visibility, digital capability, and growth to India’s vast offline fashion retail sector one city at a time.

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Bengaluru (Karnataka) [India], August 13: In a historic step towards recognising India’s traditional artisans, March 9 has been officially declared as National Aari Workers Day – A Special Day for Special Hands. The announcement was made during the 2nd International Aari Workers Conference – 2025, held at the ACS Convention Centre, Bangalore, under the leadership of the Indian Aari Workers Federation (IAWF).

The date holds deep significance — the 1st International Aari Workers Conference was successfully conducted on March 9, marking the first-ever global gathering dedicated exclusively to Aari workers. In honour of this milestone, March 9 has now been enshrined as National Aari Workers Day, creating a permanent annual occasion to celebrate the artistry, resilience, and contribution of Aari artisans.

A Federation Nearing 1 Lakh Members

The Indian Aari Workers Federation, founded and led by Dr. Aravind Lakshminarayanan (National President), is on the verge of crossing an extraordinary milestone — 1,00,000 members across India and abroad. In just a short span, IAWF has grown into the world’s first and largest federation for Aari workers, giving them a united voice, structured support, and national-level recognition.

Why National Aari Workers Day Matters

The declaration of this day serves multiple purposes:

● Honour the Craft – Recognising Aari embroidery as a treasured part of India’s cultural heritage.

● Empower the Workers – Highlighting the role of Aari artisans, most of whom are women, in sustaining livelihoods and preserving tradition.

● Preserve the Legacy – Encouraging the younger generation to learn, practice, and innovate in this ancient art form.

● Promote Economic Growth – Boosting opportunities through skill training, certification, and national-level exhibitions.

Speaking at the launch, Dr. Aravind Lakshminarayanan said: “March 9 is no longer just a date in history — it is a national celebration of dignity, skill, and heritage. From the 1st International Aari Workers Conference to this declaration, our movement has grown beyond expectations. With nearly one lakh members, we are proving that Aari workers deserve not just recognition, but also a central role in India’s cultural and economic progress.”

A National and Global Recognition

The launch was witnessed by dignitaries from India and South Korea, senior officials from Nobel World Records and Oscars Book of Records, and leaders from fashion, culture, and social empowerment sectors. The event saw the unveiling of the National Aari Workers Day emblem and the promotion of the official hashtag #NationalAariWorkersDay across media platforms.

About the Indian Aari Workers Federation (IAWF)

The IAWF is committed to the growth and recognition of Aari artisans through skill development programs, employment-linked certification, institutional accreditation, and national conferences. With its rapid membership growth and international outreach, IAWF is shaping the future of Aari work as both a traditional art and a modern economic opportunity.

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