Category: Marketing

  • Swiggy’s awe striking revenue surge feeds growth, but losses deepen

    Swiggy’s awe striking revenue surge feeds growth, but losses deepen

    MUMBAI: They bring us joy with a click, delivering steaming biryanis, comforting gulab jamuns, and all things delightful, right to our doors. But behind every pop notification—’Miss me?’ from our favorite desserts—lies a story of grit, ambition, and relentless pursuit. Swiggy, India’s food delivery and quick commerce titan, has filled our carts with convenience, but at a cost that has left its own coffers under strain. In its Q2 FY25 results, unveiled on 3 December 2024, Swiggy showcased an awe-inspiring surge in revenues by 30 per cent YoY to Rs 36,015 million. Yet, this celebratory crescendo is tempered by an echo of concern—net losses have deepened, reflecting the challenges of sustaining growth while keeping an expansive team and ecosystem thriving. It’s a tale as flavorful as their marketing, and as complex as their financials—balancing indulgence with accountability.

    Swiggy’s total revenue from operations increased by 30.2 per cent YoY, reaching Rs 36,015 million in Q2 FY25 compared to Rs 27,633 million in Q2 FY24. This leap reflects strong performance across key segments, particularly food delivery and quick commerce. However, the company’s consolidated losses stood at Rs 6,255 million for the quarter, marking an 8.6 per cent rise from the Rs 5,751 million loss recorded in the same period last year.

    The increase in expenses, driven by marketing, logistics, and employee benefits, strained profitability despite robust revenue growth. Total expenditure for Q2 FY25 amounted to Rs 43,095 million, a 22.8 per cent increase YoY. Swiggy’s continued focus on customer acquisition and brand building weighed heavily on its bottom line.

    Key drivers:

    ●   Food Delivery: As Swiggy’s flagship segment, food delivery generated Rs 15,745 million in revenue, reflecting a YoY growth of 22.9 per cent. Enhanced customer loyalty programs and competitive pricing played pivotal roles in this growth.

    ●   Quick Commerce (Instamart): Quick commerce revenues skyrocketed by 135.4 per cent YoY, reaching Rs 4,900 million, emphasising Swiggy’s commitment to diversifying its service portfolio. Strategic investments in dark stores and supply chain logistics have fueled this expansion.

    ●   Supply Chain and Distribution: This segment contributed Rs 14,526 million, up 22.0 per cent from the previous year, as Swiggy capitalised on its warehousing and fulfillment network to streamline FMCG distribution.

    ●   Platform Innovations: Revenues from platform innovations, including initiatives like Swiggy Genie, amounted to Rs 253 million but faced a decline from Rs 494 million YoY.

    Expansion comes at a cost

    Swiggy’s aggressive growth strategy comes at a significant cost. Employee benefits rose to Rs 6,073 million in Q2 FY25, up 13.2 per cent YoY, reflecting hiring and retention efforts in a competitive labor market. Delivery charges surged by 32.5 per cent to Rs 10,949 million, as Swiggy expanded operations in Tier II and Tier III cities.

    The company’s marketing expenses also increased, with advertising and promotional costs totaling Rs 5,371 million, up 8.8 per cent from the previous year. These expenditures underline Swiggy’s push to strengthen its market presence amidst fierce competition from rivals like Zomato and Blinkit.

    IPO milestones

    Swiggy’s listing on the NSE and BSE in November 2024 marked a significant milestone. The IPO raised Rs 115,407 million through fresh issues and offer-for-sale components. Proceeds were earmarked for expanding Instamart’s operations, enhancing technology infrastructure, and bolstering working capital.

    Additionally, Swiggy’s investment in its wholly owned subsidiary, Scootsy Logistics, reached Rs 1,600 crore. This infusion aims to optimise supply chain capabilities and support quick commerce scalability.

    Swiggy’s outlook hinges on its ability to navigate the profitability challenge. With over 70 per cent of revenues stemming from food delivery, diversifying its income streams is crucial. Quick commerce, which grew phenomenally in Q2 FY25, holds promise but demands continued investment.

    The company has also signaled its intent to strengthen customer engagement through tech-driven solutions and personalised services. However, the path to sustainable profitability will require stringent cost controls and efficiency enhancements across its operations.

    Swiggy’s Q2 FY25 performance paints a vivid picture of ambition clashing with financial challenges. Swiggy stands at a crossroads, its vision clear but the journey demanding resilience and bold decisions. For now, we wait—with curiosity and anticipation—to see what this culinary trailblazer serves up next in its quest to satisfy appetites and redefine the future of food.

  • Understanding the Minimum CIBIL Score for a Loan Against Property

    Understanding the Minimum CIBIL Score for a Loan Against Property

    When seeking a loan against property (LAP), lenders consider various factors to determine the applicant’s eligibility. One of the critical criteria is the CIBIL score, a three-digit number reflecting the creditworthiness of an individual. Understanding how lenders determine the required minimum CIBIL score for an LAP can help applicants improve their chances of approval.

    Why is CIBIL Score Important for LAP?

    A loan against property involves significant amounts of money, making it a relatively low-risk product for lenders due to the collateral involved. However, lenders still need assurance that the borrower can repay the loan. The CIBIL score provides a reliable measure of the borrower’s credit behaviour, reducing the lender’s risk.

    Factors Influencing the Minimum CIBIL Score Requirement

    Several factors come into play when lenders decide the minimum CIBIL score for a loan against property:

    Risk Assessment

    Lenders assess the risk associated with lending to a borrower. A higher CIBIL score indicates a lower risk. Generally, a score above 750 is considered good, but this threshold can vary among lenders. Those with higher scores are likely to get loans at better interest rates.

    Lender’s Policy

    Different lenders have varying policies regarding minimum CIBIL scores. Some banks might set the bar at 700, while others might require a score of at least 750. These policies are shaped by the lender’s risk appetite, market conditions, and regulatory guidelines.Type of Property

    The type of property being used as collateral also influences the minimum CIBIL score requirement. Commercial properties might have stricter score requirements compared to residential properties due to the higher perceived risk associated with them.

    Loan Amount

    The amount of loan sought against the property can impact the required CIBIL score. Higher loan amounts typically require a higher CIBIL score as the risk to the lender increases with the loan size.
    Thus, it is important to build your score prior to applying for an LAP. For this, understand the factors that affect it and take measures to improve it.

    Factors Influencing CIBIL Score

    Understanding the factors that influence your CIBIL score can help in improving it. These include:

    Payment History

    Timely repayment of past loans and credit card dues positively impacts the CIBIL score. Defaults and late payments can significantly lower your score.

    Credit Utilisation Ratio

    This ratio is the percentage of credit used out of the total credit limit available. A high utilisation ratio suggests over-dependence on credit, negatively affecting the score. Keeping this ratio below 30% is advisable.

    Length of Credit History

    A longer credit history provides a better picture of the borrower’s credit behavior, thus influencing the score positively. Consistent and timely repayments over a long period improve the score.

    Types of Credit

    A mix of secured (like home loans) and unsecured loans (like credit cards) can positively affect the score, showing the borrower can handle different types of credit responsibly.

    Credit Inquiries

    Frequent applications for loans or credit cards result in multiple inquiries on your credit report, which can lower the score. Limiting such inquiries can help maintain a good score.

    Improving Your CIBIL Score

    If your CIBIL score is below the required threshold, there are several steps you can take to improve it:

    Timely Payments

    Ensure all loan EMIs and credit card bills are paid on time. Setting up payment reminders or auto-debit can help in this regard.

    Reduce Outstanding Debt

    Pay off existing debts to lower your credit utilisation ratio. This can quickly boost your score.

    Limit New Credit Applications

    Avoid applying for multiple credit products in a short period. Each application can slightly lower your score due to hard inquiries by lenders.

    Monitor Your Credit Report

    Regularly check your credit report for errors and get them rectified promptly. Even small mistakes can impact your score negatively.Maintain a Healthy Credit Mix

    Try to have a balanced mix of secured and unsecured loans. This demonstrates your ability to handle different types of credit.

    Understanding how lenders determine the required minimum CIBIL score for a loan against property is essential for prospective borrowers. By maintaining a good credit score, you increase your chances of loan approval and can potentially secure better interest rates. monitoring your credit behaviour and taking steps to improve your CIBIL score can make the process of getting a loan against property smoother and more advantageous.

  • CNN-News18 Indian of the Year is back to recognise achievements of exceptional Indians

    CNN-News18 Indian of the Year is back to recognise achievements of exceptional Indians

    MUMBAI: CNN-News18 has returned with the fourteenthh edition of its highly anticipated flagship awards platform, Indian of the Year (IOTY). Regarded as India’s biggest and most credible news television awards, IOTY celebrates exceptional achievements of Indians who are inspiring the world through their triumphs. The recent editions have seen names such as Shah Rukh Khan, Neeraj Chopra and Virat Kohli as the winners of the coveted title of Indian of the Year.

    CNN-News18 Indian of the Year 2024 awards are set to honor individuals in seven categories: entertainment, sports, rising sports star, youth icon, business, climate warrior, and social change. Each category includes five nominees whose work in the past year has made a significant impact, reaching new heights and inspiring generations to come.

    In the sports category, nominees include India’s Olympic medalists Manu Bhaker, Swapnil Kusale, PR Sreejesh and cricketers Jasprit Bumrah and Smriti Mandhana. 

    The rising sports stars category has Aman Sehrawat, D Gukesh, Abhishek Sharma, Smriti Mehra, Shafali Verma and Sarabjot Singh as the nominees.

    The star-studded nominees in the entertainment category include Shraddha Kapoor, Vijay Sethupathi, Pankaj Tripathi, Fahadh Faasil, and the Laapata Ladies team. 

    The youth Icon category features Vicky Kaushal, Janhvi Kapoor, Nikhil Kamath, Nancy Tyagi and Jaya Kishori.

     Zomato CEO Deepinder Goyal, Ola CEO Bhavish Aggarwal, Bajaj Auto MD Rajiv Bajaj, Team HAL and Apollo Hospitals JMD Dr Sangita Reddy are nominated in the business category.

    In the climate warrior category, UNICEF India’s youth advocate Vinisha Umashankar, climate change activist Hina Saifi, sustainability activist Soumya Ranjan Biswal, environmentalist Chami Murmu and entrepreneur Kriti Tula are nominated.

     The social change category includes nominees such as Women in Cinema Collective, social activists Tatwashil Kamble & Ashok Tangade, singer and philanthropist Palak Muchhal, and change makers Adhik Kadam and Laljibhai Prajapati. 

    The jury for this edition comprises environmental activist Afroze Shah, former solicitor general of India Harish Salve and former judge of the supreme court of India Indu Malhotra. 

     Network18 CEO Smriti Mehra – English & Business News said:  “CNN-News18 Indian of the Year is a marquee recognition that resonates deeply with audiences across the country. Its immense popularity stems from a legacy of celebrating excellence, making it a trusted platform that not only inspires viewers but also delivers unmatched value to brands that associate with it.”

    CNN-News18  managing editor Zakka Jacob added:  “Built on the success of its past blockbuster editions, Indian of the Year has cemented its place as India’s premier recognition platform. With a history of honouring icons who define the nation’s spirit, this edition promises to elevate the legacy, showcasing stories that continue to inspire and unite.”

    The selection process will be a mix of both jury and public voting; with 50 per cent of the decision-making power given to the audience, and the remaining 50 per cent  is entrusted to the jury, striking a balance between collective choice of the masses and the discerning eye of experts. 

    RP-Sanjiv Goenka group is the presenting partner and Reliance Industries is the associate partner for this edition of CNN-News18 Indian of the Year.

    The voting process and jury round will culminate in a spectacular grand finale where the winners will be revealed and honoured.

    To vote for your favourite nominee, please visit www.indianoftheyear.com

  • P&G Hygiene to see change in leadership in personal health care

    P&G Hygiene to see change in leadership in personal health care

    MUMBAI: There’s change at the top in Procter & Gamble Hygiene & Health Care. The FMCG major informed the stock exchange yesterday that come 1 January 2025, Maithreyi Jagannathan will take over as vice president & category leader – personal health care.

    The reason: senior marketing director & current category leader Sahil Sethi whose tenure gets over on 31 December 2024 will not be continuing in that post.

    P&G is bringing in Maithreyi from Jakarta where she is general manager & commercial leader, consumer healthcare in the company’s Indonesian unit as Sethi’s replacement.

    Maithreyi is a bachelor of computer science engineering, from the National Institute of Technology – Surathkal, Mangaluru, India and a master of business administration (MBA) from the Indian Institute of Management Bangalore, India.

    With a rich and diverse experience in various commercial roles across a career spanning almost 20 years, she joined P&G India in 2005 as an assistant brand manager. She  has since worked across various roles and geographies, including the US, Singapore, Indonesia, contributing to the growth of business and people across roles. 

  •  Top notch marketer Lara Balazs joins Adobe as CMO & EVP

     Top notch marketer Lara Balazs joins Adobe as CMO & EVP

    MUMBAI: She’s found her corporate abode in Adobe. The cutting edge software firm today announced that former Intuit chief marketing officer (CMO) & general manager, strategic partner group, Lara Balazs  has joined it as CMO & executive vice president. She will be having a direct reporting line to Adobe chair & CEO Shantanu Narayen.

    At Intuit, Lara was really into it, re-imagining the company’s brand and go-to-market activities to support its AI-driven financial technology platform and elevated its brand awareness and reputation to new heights.

    Balazs will lead the global marketing organisation responsible for Adobe’s renowned brand, Adobe.com, the company’s industry-leading events, campaigns, communications, social media and its best-in-class media operations and marketing insights.

    “As Adobe continues to deliver industry-leading product innovations across content creation and digital marketing, Lara’s unique experience across B2C and B2B industries and deep insights as an Adobe customer will help us engage our growing universe of users more effectively while expanding Adobe’s brand reach and impact,” voiced Narayen, 

    Balazs’ marketing career spans key leadership roles at some of the world’s most respected brands such as Amazon, Visa and Nike, delivering innovative customer-centric marketing strategies that propel transformational growth. Among her notable achievements are driving the growth of Amazon Prime and Visa globally and leading Visa into the era of digital payments, with the launch of mobile-first products such as Visa Checkout and Apple Pay. At Intuit, she led the protax group to its highest, most sustained growth in years and drove the company’s highest brand awareness and corporate reputation in its four decades.

    Named to Forbes’ list of the world’s most influential CMOs and a recipient of AdWeek’s CMO Vanguard award, Balazs is passionate about advancing the marketing profession and supporting the social impact of the industry.

    Balazs holds a bachelor of arts degree in pre-law from the university of Washington and a master of business administration from the Kellogg School of Management at Northwestern University.

  • Jeep India supports Tennis Premier League Season 6 as an official drive partner

    Jeep India supports Tennis Premier League Season 6 as an official drive partner

    MUMBAI: They have got together for a drive in the front seat. The Tennis Premier League (TPL) and automobile brand Jeep have announced an association for the tournament’s sixth season which is to commence from 3 December and end on 8 December at the e Cricket Club of India in Mumbai.

    This collaboration brings a fresh category partnership with Jeep as the official drive partner. The brand prides itself upon excellence in tough conditions, perfectly aligning with the existing values of the players and the league. The partnership aims to enable the growth and development of tennis in the country, keeping the long-term vision achievements of these goals in mind.

    Jeep India brand director Kumar Priyesh stated, “At Jeep, we’ve always believed in going beyond limits and enabling people to achieve the extraordinary. Partnering with the TPL allows us to support a platform that aligns with our values. We are proud to be part of this journey and look forward to a long-term partnership that will help propel Indian tennis to greater heights.”

    TPL  co-founder Kunal Thakkur said, “We are thrilled to welcome Jeep into the TPL family as our official drive partner for the upcoming season. Their reputation for resilience and performance mirrors the values we champion. This partnership strengthens our commitment to together nurturing a world-class platform for tennis in India.”

    Tennis Premier League co-founder Mrunal Jain further added, “This association with Jeep is a significant boost for TPL, reflecting the growing stature of the league. Jeep’s support not only brings global credibility but also adds immense value to the ecosystem we are building for tennis in India. We are confident this partnership will be fruitful in developing pathways for not only tennis but also for tennis players in the country.”

  • Apurva Jani gets expanded marketing role at Intel India

    Apurva Jani gets expanded marketing role at Intel India

    MUMBAI: He’s spent a large part of his early career in the automotive industry at leading brands and firms. However, Apurva Jani  has been at global chip leader Intel for the almost a decade, rising to director of marketing for Intel’s sales, communications, and marketing group in India. 

    Now the chip maker has expanded his remit to include the amplification of the company’s brand presence and driving growth in both consumer and B2B markets, according to a news report on storyboard18.

    A mechanical engineer and a  PGDBA in marketing from NMIMS, Apurva began his career at Tata Motors, moved onto Ford Motor as regional sales manager, then worked with Mahindra & Mahindra as DGM – marketing, crossed industries into health care as director of advertising promotions at GE Healthcare, before landing up at Intel as consumer marketing head in 2015, where he has stayed put since.

    According to Apurva, he has  have been successful in disrupting the norms in highly competitive industries over his 23-year long career. Intel probably is relying on him to do so once again!

  • 1MG Lido Mall to host the tenth edition of Fashionable1

    1MG Lido Mall to host the tenth edition of Fashionable1

    Mumbai: 1MG Lido Mall Bangalore is poised to captivate the fashion elite of Bengaluru with its highly anticipated annual event, Fashionable1, scheduled for 29 to 30 November 2024. This year marks the 10th season of the event, showcasing the continued evolution of one of the city’s premier luxury fashion celebrations. Renowned Bollywood designer Ramesh Dembla will present an exquisite collection that embodies innovation and artistry. The runway will feature the latest offerings from high-end in-mall brands such as Marks & Spencer, GAP, Azorte, HiDesign, Aldo, and Da Milano, setting the stage for a showcase of contemporary trends that resonate with style connoisseurs.

    Fashionable1 will also host a captivating runway show featuring 30 top models, culminating in a spectacular grand finale graced by Raai Laxmi, the acclaimed actress known for her impeccable style and magnetic presence. Her presence promises to elevate the experience, infusing it with an extraordinary level of glamour. Following the show, an exclusive gala dinner and cocktail reception will celebrate the fusion of style and creativity, making this event an unmissable highlight on the fashion calendar for the city.

    1MG Lido Mall chief executive officer Suman Lahiri said, “Fashionable1, now in its 10th season, represents our enduring commitment to curating exceptional lifestyle and fashion experiences. Over the years, we have proudly partnered with celebrated names in the fashion industry and showcased the finest collections from our premium in-house brands. This milestone event exemplifies our dedication to offering world-class shopping, making 1MG Lido Mall Bengaluru’s ultimate destination for luxury, style, and unforgettable moments.”

    This year’s Fashionable1 aims to shine a spotlight on the latest collections from leading brands, blending their unique styles with Dembla’s creative vision. By hosting this high-profile event, 1MG Lido Mall continues to establish itself as a hub of fashion-forward experiences, offering its patrons more than just shopping—it’s a destination for lifestyle and culture.

    1MG Lido Mall general manager Roby Varghese added, “1MG Lido Mall is home to some of the most coveted brands, and through events like Fashionable1, we showcase the exceptional offerings available under one roof. This event is a testament to our vision of blending global trends with local aspirations, creating an unforgettable experience for our patrons.”

    Adding to the excitement, 1MG Lido Mall will launch a special Black Friday Sale across all outlets starting December 1, 2024, offering shoppers exclusive deals and discounts.

    1MG Lido Mall continues to position itself as a leader in delivering high-end fashion and lifestyle experiences, cementing its status as Bengaluru’s premier destination for style, culture, gourmet F&B, and event experiences.

  • Leander Paes’ Flying Man Ventures snares Apurva Sircar as CEO

    Leander Paes’ Flying Man Ventures snares Apurva Sircar as CEO

    MUMBAI: Very few sportsmen can cross the rubicon and move into running successful businesses. Tennis veteran and legend  Leander Paes is attempting the same with his outfit Flying Man Ventures (FMV). He has hired marketing veteran Apurva Sircar as the company’s CEO. The goal: grow its business in various verticals like sports, sports education, health & wellness, corporate collaborations and  entertainment.

    Sircar announced his joining at the beginning of this week. Despite his experience, he expressed his nervousness.

    Said Sircar on Linked in: “On Monday, I joined a legend in the world of sports to help him execute his vision of making the world a better place through sports and fitness. As I begin my days at at FMV, I feel excitement and nervousness in equal measure. The latter gets taken care of whenever Leander says (and says often), “I got you, champ!” It is my privilege to be Leander’s full-time professional partner off the court. He’s a global icon, having played professional tennis for nearly four decades. He is a man with amazing human values, Lee is an inspiration to so many across the globe.”

    Sircar has had a career of 20 years having headed marketing at Bandhan Bank, brand, insights, corporate communications and digital markting at Aegas Federal Life Insurance, channel marketing at Birla Sun Life Insurance, worked as a brand manager with Kotak Mahindra Bank, apart from stints with Heinz India and Blowplast.

    As he begins his journey at FMV, the gut feeling is that both he and Leander are going to hit it out of the park. Even if they are entering the sports business game a little late. That’s because the sports ecosystem is going to explode in the next decade as India works on building a sports culture. 

  • G-Shock and Almost Gods partner to launch limited edition exclusive watch

    G-Shock and Almost Gods partner to launch limited edition exclusive watch

    Mumbai: This should not shock you at all.  G-Shock, known for its tough watchmaking, has partnered with Almost Gods, the avant-garde Indian luxury fashion brand known for its mythological and historical design inspirations. This collaboration marks G-Shock’s first-ever product partnership in India, resulting in the launch of the exclusive Almost Gods X G-Shock GA-2100AG24-1A1 timepiece. Limited to just 250 pieces, this watch is set to become a coveted collector’s item.

    Drawing inspiration from the untamed forces of nature and the timeless tales of mythology, this limited-edition watch encapsulates the duality of existence—creation through destruction. The design, reminiscent of a volcanic eruption’s raw energy, merges Almost Gods’ bold narrative style with G-Shock’s iconic octagonal GA-2100 structure, capturing a singular moment of immense power. 

    With a minimalist design that pays homage to the original G-Shock, the GA-2100 exemplifies functional beauty. Its design not only reflects the ferocity of nature but also embodies G-Shock’s unwavering “never give up” spirit, a cornerstone of the brand’s legacy. This striking narrative, interwoven in both form and function, celebrates inner strength, resilience, and the unstoppable force of transformation.

    G-Shock and Almost Gods have both been at the forefront of cultural innovation, continually challenging conventions through iconic designs. This collaboration channels their shared ethos into a limited-edition timepiece that embodies an unprecedented moment of creativity, strength, and unity, designed to inspire the next generation of dreamers and disruptors.

    Casio India managing director Hideki Imai expressed enthusiasm about the partnership, stating, “We are thrilled to launch our first India-centric partnership with Almost Gods, a brand that reimagines global symbols of power through its bold, mythology-inspired artistry. This collaboration celebrates G-Shock’s legendary toughness and Almost Gods’ distinctive design ethos, blending the awe-inspiring energy of nature with cutting-edge craftsmanship. This partnership stands as a testament to G-Shock’s growing commitment to the Indian market, partnering with homegrown fashion brands that speak to the aspirations and creativity of the new generation.”

    Almost Gods creative director Dhruv Khurana added, “The Almost Gods X G-Shock collaboration marks a pivotal moment for our brand as we step onto the global stage and connect with a broader, more diverse audience. From our initial discussions, the synergy between Almost Gods and G-Shock was unmistakable. There’s an organic connection at the core of our philosophies—both brands are rooted in strength, resilience, and the power of individuality. With this collaboration, we set out to create something meaningful—something that embodies the energy and dynamism of our audience. G-Shock, with its unparalleled legacy and robust personality, was the ideal partner to bring this vision to life. This timepiece is more than a watch; it’s a testament to the power of collaboration and the shared spirit of two bold brands.”

    The launch event took place at Almost Gods’ flagship store in Dhan Mill Compound, Chhatarpur, New Delhi, and it was an electrifying celebration of India’s vibrant cultural landscape. The venue buzzed with excitement as street wear enthusiasts, watch collectors, fashion aficionados, and sub-culture communities united to celebrate this collaboration. A stunning life-size installation of the Almost Gods x G-Shock timepiece took centre stage, serving as a captivating backdrop for memorable photos and engaging conversations. Guests were drawn in by immersive design displays that showcased the collaboration’s bold narrative, intertwining mythology, resilience, and cutting-edge artistry. 

    With over 250 attendees, including influencers, collectors, and media professionals from the realms of fashion, horology, and technology, the event was not just a product unveiling; it was a sensory experience that celebrated creativity, innovation, and the indomitable spirit of collaboration.

    Presented in exclusive packaging that reflects the shared ethos of both brands, each timepiece comes with a certificate of authenticity, distinguishing it as one of the limited 250 pieces, along with a unique sticker.

    This collaboration transcends traditional product design; it invites fashion enthusiasts, watch collectors, and cultural connoisseurs to immerse themselves in a moment where style, innovation, and storytelling converge. Priced at Rs 12,995, the limited-edition timepiece generated an overwhelming response during its early access phase. Available for pre-booking online 24 hours ahead of the launch, the collection sold out entirely, marking an unprecedented success for both brands.