Category: Business

  • Valentine’s Day D2C Orders Rise 43 Percent as Women Account for 53 Percent of Purchases, GoKwik Data Shows

    Chirag Taneja, Co founder and CEO of GoKwik, says Tier 3 cities contributed over 43 percent of total shopping volume

    New Delhi, February 16, 2026: Valentine’s Day shopping patterns this year reflected a shift toward practical and lifestyle focused purchases, according to data released by GoKwik, which works with more than 15,000 direct to consumer brands.
    During the 2026 Valentine sale period, orders across GoKwik’s D2C network increased 43 percent year on year, while gross merchandise value rose approximately 40 percent. Jewellery and accessories continued to lead volumes, with bracelets and gold plated bangles among the top sellers. Premium fragrances and wellness oriented kits also recorded significant demand.

    The analysis identified three key drivers of the season: early purchasing behaviour, higher participation from female shoppers and strong contribution from Tier 3 towns. Peak shopping activity was recorded as early as February 1, with brands capturing demand soon after Republic Day sales. Promotional codes such as HEART14 and BOGO VALENTINE contributed to early momentum.
    Female shoppers accounted for 53 percent of Valentine themed orders across the network. Purchases included gifting for partners, friends and self use. The data suggests a broader participation trend, with women contributing significantly to overall D2C order volumes during the period.

    Tier 3 districts contributed over 43 percent of total shopping volume, surpassing Tier 1 and Tier 2 cities. According to the company, this reflects widening access to aspirational brands and lifestyle products beyond major metropolitan markets.
    Chirag Taneja, Co founder and CEO of GoKwik, said, “Valentine’s commerce has evolved beyond simple gifting; it is now defined by lifestyle and aspiration. The fact that Tier 3 cities contributed over 43 percent of the shopping volume shows how widely this aspiration has spread. This season proves that for D2C brands, those who employed strategic, early, and thematic engagement were the ones that successfully converted this widespread aspiration into definitive growth signals.”

    The data also showed growing preference for what the company described as utility driven purchases over traditional items such as flowers and chocolates. Health oriented products such as gym shakers and skincare kits featured among high performing categories.
    GoKwik operates as an ecommerce enablement platform serving over 165 million shoppers and provides conversion and checkout solutions to D2C brands.
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  • CII Indian Green Building Council Appoints C Shekar Reddy as National Chairman and A R Unnikrishnan as Vice Chairman

    C Shekar Reddy, Chairman and Managing Director, CSR Estates Ltd, and A R Unnikrishnan, Managing Director Glass Business, Saint Gobain India Pvt Ltd, to assume roles from April 1 as B Thiagarajan completes tenure

    Hyderabad, February 16, 2026: The Confederation of Indian Industry Indian Green Building Council announced a leadership transition effective April 1, 2026, with C Shekar Reddy set to take over as National Chairman and A R Unnikrishnan as National Vice Chairman.
    C Shekar Reddy, currently National Vice Chairman of CII Indian Green Building Council and Chairman and Managing Director of CSR Estates Ltd, will succeed B Thiagarajan, Managing Director of Blue Star Ltd, whose two year term concludes at the end of March. A R Unnikrishnan, Managing Director Glass Business, Saint Gobain India Pvt Ltd, will assume the role of National Vice Chairman.

    Established in 2001 by the Confederation of Indian Industry, the Indian Green Building Council serves as India’s certification body for sustainable and resource efficient buildings. The council currently has more than 18,850 registered projects representing a cumulative green building footprint exceeding 15.52 billion sq ft across commercial, residential, institutional and industrial sectors. It has developed 33 Green and Net Zero rating systems and represents India at the World Green Building Council.

    C Shekar Reddy said, “India’s growth trajectory presents a historic opportunity to shape a built environment that is not only economically vibrant but also environmentally resilient. Sustainability can no longer remain a niche consideration; it must become integral to how we design, construct, and operate our buildings, factories, and infrastructure. Over the coming years, IGBC will intensify its efforts to drive measurable environmental outcomes, strengthen industry capacity, and support India’s long term climate commitments.”
    He added that the focus will include accelerating green retrofits of existing buildings, expanding access to affordable certification for MSMEs, applying AI based tools to improve design efficiency and supporting wider adoption of health and wellbeing standards in buildings.

    A R Unnikrishnan said, “The built environment represents one of the most powerful levers for climate action. Sustainable construction materials, circular economy practices, and energy efficient technologies will be central to this transformation. IGBC is a platform that brings together industry and innovation to enable scalable solutions that enhance environmental and economic performance.”
    Outgoing Chairman B Thiagarajan said, “Leading IGBC during a period of significant transformation in India’s sustainability journey has been both an honour and a privilege. The Council has continued to expand its influence across sectors, helping stakeholders integrate environmental responsibility with business performance. I extend my best wishes to C Shekar Reddy and A R Unnikrishnan as they take on their new roles.”
    The leadership change comes as India continues to expand its infrastructure and manufacturing base, with sustainability standards increasingly integrated into design and construction practices.
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  • MG Group Completes 30 Years at Zaheerabad Facility and Announces Manufacturing Consolidation Plan

    Mrs. Sudha Mohan Kamat, Co Founder and Director, Mr. Anil Mohan Kamat, Chairman and Managing Director, and Mrs. Devika Anil Kamat, Director, MG Group, mark milestone with founder tribute and expansion roadmap

    Zaheerabad, February 14, 2026: MG Group marked 30 years of operations at its integrated Zaheerabad complex and announced a series of strategic decisions aimed at consolidating high volume manufacturing and sharpening product specialisation across its facilities.
    The event included the unveiling of a marble bust of Late Mr. Mohan Vasant Kamat, Founder Chairman of MG Group. The ceremony was led by Mrs. Sudha Mohan Kamat, Co Founder and Director, Mr. Anil Mohan Kamat, Chairman and Managing Director, and Mrs. Devika Anil Kamat, Director, MG Group.

    The Zaheerabad facility was established in 1996 after an opportunity extended by Mahindra and Mahindra to explore operations in the region. Operations began in a repurposed hacksaw blade factory acquired through a government auction. Over three decades, the site has evolved into an integrated complex housing MG Automotives, MG Bus and Coach, MG Composites and MG Grey Engine.
    The facility has catered to leading OEMs, State Transport Undertakings and private operators across school transport, staff mobility, regional and mofussil services, special application vehicles and intercity coach segments.

    Addressing the gathering, Mr. Anil Mohan Kamat said, “My father helped lay the foundation for India’s modern bus body manufacturing industry. What he built at Zaheerabad was not just a facility, but a culture of courage, discipline and excellence. As we mark 30 years here, we are not looking back, we are strengthening our commitment to India’s mobility future.”
    As part of its next phase, MG Group announced that high volume segments including school, staff, mofussil and economy categories will be consolidated at Zaheerabad, with production migrating from its Belagavi facility. Belagavi will focus on premium and super premium intercity coach manufacturing.

    The Zaheerabad plant, which resumed operations following pandemic disruptions, will undergo a calibrated ramp up in 2026. Planned investments include capacity expansion, process automation, upgraded paint shop and trim line facilities, strengthened composites and lightweighting capabilities, and workforce skill development.
    The Group also intends to deepen integration across its design, engineering, composites, electronics and manufacturing entities to enhance execution efficiency for OEMs and State Transport Undertakings.
    Mr. Kamat stated, “India’s passenger mobility landscape is entering a transformative decade. MG Group is preparing for this shift with deeper engineering integration, strong design capabilities and a sharper focus on product specialization. The next phase of growth will be built on both heritage and innovation.”
    The ceremony concluded with a tribute film, reflections from long serving leadership members and a tree plantation with employees at the Zaheerabad complex.
    Founded in 1980 by Late Mr. Mohan Vasant Kamat and Mrs. Sudha Mohan Kamat, MG Group operates integrated facilities in Telangana and Karnataka, providing end to end bus and coach manufacturing solutions across economy, premium and super premium categories.

  • Smart Foodcourt Format Debuts in Jammu as EatSure Expands Offline Presence

    Ankush Grover, Co founder and Global CEO at Rebel Foods, says Jammu marks the brand’s first offline entry into Jammu and Kashmir

    National, February 16, 2026: Rebel Foods has launched EatSure’s first smart foodcourt in Jammu, marking the brand’s sixth offline outlet in India and its first physical presence in Jammu and Kashmir. The new outlet is located at Royal Nest Sapphire.
    The smart foodcourt brings together more than 10 brands under one roof, allowing customers to place orders across multiple restaurants in a single transaction. The approximately 2,000 square foot space follows a digital first format, where orders can be placed through self service kiosks or the EatSure app. Customers receive order updates on digital display screens or via WhatsApp once their meals are ready.

    Brands available at the Jammu outlet include Behrouz Biryani, Faasos, Wendy’s, Sweet Truth, Lunchbox, The Good Bowl, Honest Bowl, Makhani Darbar and Dabba and Co.
    The outlet has seating for more than 50 guests and is designed to allow diners to combine orders across cuisines, including burgers, biryani, wraps and desserts, without separate billing counters.
    Ankush Grover, Co founder and Global CEO at Rebel Foods, said, “We’re delighted to introduce EatSure’s first smart foodcourt in Jammu. With this launch, we’re expanding our presence in the region and offering customers the convenience of ordering from multiple trusted brands in one place through a digital first experience.”

    The Jammu outlet also serves items from Wendy’s global menu, including the Frosty dessert and a range of flavour inspired burgers.
    EatSure’s smart foodcourt format is currently present in cities such as Pune, Vizag and Nashik, with further expansion planned across tier one and tier two markets.

    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • NPST Posts ₹57.17 Crore Q3 Revenue as Digital Banking Push Drives 146 Percent Annual Growth

    Deepak Chand Thakur and Ashish Aggarwal detail quarter performance as Network People Services Technologies Ltd. reports PAT of ₹11.54 crore and EBITDA growth of 118.30 percent

    Mumbai, February 13, 2026: Network People Services Technologies Ltd., a digital banking and fintech infrastructure provider, reported revenue from operations of ₹57.17 crore for the third quarter of FY26, marking a 145.93 percent year on year increase compared to ₹23.25 crore in Q3 FY25.
    Profit after tax for the quarter stood at ₹11.54 crore. EBITDA rose 118.30 percent year on year to ₹18.74 crore from ₹8.59 crore in the corresponding quarter of the previous financial year.

    On a sequential basis, revenue increased by ₹8.5 crore from ₹48.67 crore in Q2 FY26. PAT rose ₹1.70 crore quarter on quarter from ₹9.84 crore, while EBITDA grew from ₹15.64 crore in Q2 FY26 to ₹18.74 crore, reflecting a 19.82 percent increase.
    Deepak Chand Thakur, Chairman and Managing Director of NPST, said, “Q3 FY26 reflects consistent execution against our long term strategy of building mission critical payment infrastructure at scale. We are still aligned with our growth objective launching new products and acquiring new business in domestic market along with footprint in international deals. Our focus has been on consistent growth and incremental order book. During the quarter, we strengthened our core switching capabilities, enhanced risk layer integrations, and expanded acquiring infrastructure across partner banks. Our objective is to remain a dependable infrastructure partner for banks and regulated institutions as the payment’s ecosystem becomes more complex and performance sensitive.”

    Ashish Aggarwal, Co Founder and Joint Managing Director, NPST, said, “Our Q3 FY26 results reflect both accelerated revenue growth and sustained operating discipline. Our revenue grew and EBITDA expansion supports healthy margin performance while the growth in PAT demonstrates operating leverage as scale improves. We will continue to strengthen the quality of our order book with a balanced mix of infrastructure mandates and recurring platform engagements, improving revenue visibility and predictability. Our focus remains on maintaining margin resilience, disciplined cost management, and efficient capital deployment as we scale.”
    During the quarter, NPST secured a mandate to acquire and operate a UPI switch for a large cooperative bank. The company also launched QR based acquiring in partnership with a Sponsor Bank for the Cooperative Bank segment and won its first order under this model. It received a Hardware Security Module implementation order from a central payment body and emerged as the lowest bidder for eFRM implementation across Africa and the Middle East for a central payment body.

    Under its Payments Platform as a Service segment, the company signed two private banks and one cooperative bank for PPaaS services. It recorded approximately 60 percent quarter on quarter incremental order value growth in QR and Soundbox solutions. The company also onboarded one NBFC for Pay In services and partnered with a lending platform to co sell PPaaS offerings to NBFCs.
    Incorporated in 2013, NPST is listed on the NSE and the BSE. The company operates as both a Technology Service Provider and a Payment Platform as a Service provider, offering solutions across online and offline transaction processing, banking super apps, fraud prevention, dispute management and RegTech. NPST serves more than 100 customers and processes over 50 million transactions daily.

    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • New India Mandate for Manish Syag as Mars Reorganises Pet Nutrition Leadership

    Salil Murthy appointed Global Vice President Enterprise Transformation at Mars Pet Nutrition, to be based in London

    Hyderabad, February 13, 2026: Mars, Incorporated has appointed Manish Syag as Managing Director of its Pet Nutrition business in India. He will oversee the company’s pet food operations in the country, which include PEDIGREE, WHISKAS and SHEBA.
    Manish Syag has more than twenty years of experience in the FMCG sector. He has held senior sales roles at Hindustan Unilever Limited and GSK Consumer Healthcare. He joined Mars in 2024 as Chief Sales Officer for the India Pet Nutrition business.

    India’s pet food market is projected to reach USD 2 billion within the next decade. Commenting on his appointment, Manish Syag said, “India is at a defining moment for the pet food market, which is expected to grow into a USD 2 billion category in a decade, evolving much as mainstream FMCG did in its early growth years, driven by access, awareness, and trust. I am excited to take on this role and lead the next phase of growth for our business in India, serving pets and pet parents across the country with trusted, high-quality packaged pet food by further strengthening our portfolio of deeply loved brands and expanding our market presence. At the heart of this journey will be our Mars Five Principles, and our Purpose: A Better World For Pets.”

    He succeeds Salil Murthy, who has been appointed Global Vice President, Enterprise Transformation, Mars Pet Nutrition. In this role, Salil Murthy will be based in London and will work on the company’s long term organisational and operational priorities across markets.
    Speaking about his new role, Salil Murthy said, “I am excited to take on this new global role and help shape the future of Mars Pet Nutrition. This role offers an opportunity to focus on driving accelerated growth for the global Pet Nutrition business through unleashing the power of our associates across the world, strengthening our strategic resource allocation process and our digital and AI capabilities, and accelerating transformation to win with pet parents and our customers in every market. Leading the India Pet Nutrition business has been deeply fulfilling, and I am incredibly proud of the growth we have driven and the high-performing team we have built over the last few years. I have every confidence in Manish’s leadership to take the business forward in its next phase of growth.”

    Francisco Fernandez, Regional President, Mars Pet Nutrition Rapid Growth Markets, said, “India is one of the most important growth markets for Mars Pet Nutrition. Salil’s elevation reflects the strong, purpose-led business he and the team have built in India and the depth of leadership talent emerging from this market. Manish’s appointment demonstrates our confidence in his expertise, leadership capability, and deep understanding of pet parents and customers in India. Together, these appointments reinforce our commitment to developing leaders from within and further strengthening India’s role in our global strategy and future growth of the business.”
    Mars Pet Nutrition has been present in India since 2002, following the launch of PEDIGREE. In 2007, the company set up the country’s first pet food manufacturing facility. The business serves pets and pet parents across India through its product portfolio for dogs and cats.
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  • Brand Transition Formalised as Standard Engineering Technology Limited Rolls Out New Identity

    Hyderabad based engineering company completes visual rebrand following earlier name change from Standard Glass Lining Technology Limited

    Hyderabad, India, February 13, 2026: Standard Engineering Technology Limited has introduced a new corporate identity, completing the branding shift that began with its earlier renaming from Standard Glass Lining Technology Limited.
    The company had already informed stock exchanges about the change in its legal name. The latest announcement focuses on the visual and brand transition that now reflects its broader engineering footprint.

    Addressing the development, Mr. Kandula Nageswara Rao, Promoter and Managing Director, Standard Engineering Technology Limited, stated that glass lining remains central to the company’s operations. He clarified that the rebrand does not signal a shift away from that business, which continues to be one of the fastest growing and most profitable segments within the organisation.
    He further said that the refreshed identity reflects the company’s evolution into an integrated engineering platform capable of handling complex, multi disciplinary projects with single point accountability from concept to commissioning.

    Management indicated that the company has expanded its engineering and manufacturing capacity and strengthened its turnkey execution capabilities in recent years. The new branding aligns with its intent to operate as a long term strategic partner for clients in pharmaceutical, chemical and allied process industries, rather than functioning solely as an equipment supplier.

    The company stated that the transition has been planned in line with its long term roadmap. While pursuing growth across its integrated engineering portfolio, it will continue to prioritise and develop its core glass lining business. Both the earlier and updated logos have been released as part of the announcement.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • Valentine’s Home Buying Sentiment Gains Momentum as Srishti Group Rolls Out Commitment Benefit on 1, 2 & 3 Bed Residences

    Kamlesh Thakur, Co-Founder and Managing Director, Srishti Group, outlines the limited-period festive offering across Craft De Srishti in Nahur and Srishti Oasis in Bhandup

    Mumbai, 13 February 2026: Valentine’s season has become a strategic window for residential developers to align emotional positioning with purchase intent. Srishti Group has introduced a limited-period “Commitment Benefit” across its residential developments, targeting buyers exploring 1, 2 and 3 Bed homes in Mumbai’s central suburbs.
    The festive offering is applicable to Craft De Srishti in Nahur and Srishti Oasis in Bhandup. The campaign combines financial incentives including Zero GST, No Floor Rise charges, spot discounts and a Go-Flexi pay plan structure. Prices for the residences begin at ₹96 lakh onwards.

    The initiative is positioned around the concept of long-term commitment, linking homeownership with stability and shared financial planning. The projects feature sun deck residences designed to enhance natural light and ventilation, alongside contemporary layouts and curated amenities.
    Kamlesh Thakur, Co-Founder and Managing Director, Srishti Group, said the campaign reflects the evolving perception of homeownership as a long-term partnership rather than a short-term transaction. He noted that festive windows such as Valentine’s provide an opportunity to combine emotional milestones with structured financial planning.

    The developer highlighted growing participation from young couples opting for joint home purchases, driven by combined loan eligibility, shared financial responsibility and long-term asset creation. Improved infrastructure connectivity in the eastern suburbs, including the Goregaon Mulund Link Road corridor, has also widened location preference among buyers seeking better east west connectivity.
    Craft De Srishti in Nahur and Srishti Oasis in Bhandup are positioned to cater to end users prioritising accessibility, layout efficiency and amenity integration within established residential neighbourhoods. The campaign will remain valid for a limited festive window.

    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • Wealth Management Broadens Scope as Standard Chartered Integrates Health and Wearable Solutions

    Aditya Mandloi, Head of Wealth and Retail Banking, India and South Asia, Standard Chartered, joins Krishnan Ramachandran, Managing Director and Chief Executive Officer, Niva Bupa, and Todd Stiefler, Vice President Enterprise, WHOOP, to outline the integrated affluent proposition

    12 February 2026, India: The intersection between financial security and personal wellbeing is becoming increasingly central to affluent banking strategies, as Standard Chartered introduces a health and wellness proposition for its affluent clients in India.
    The offering has been developed in collaboration with Niva Bupa and WHOOP, combining insurance protection and wearable-driven health monitoring with wealth management services. The initiative aims to extend the bank’s affluent proposition beyond traditional financial planning by incorporating preventive healthcare access and wellness tracking tools.

    Under the partnership, Niva Bupa provides its newly launched ReAssure 3.0 plan featuring unlimited health cover, global health coverage up to ₹5 crore, and a virtual concierge service exclusively for Standard Chartered clients. The concierge supports claims processing, renewals, and policy servicing. WHOOP contributes wearable devices that provide data-driven insights across sleep, recovery, cardiovascular indicators, and overall wellness metrics, alongside personalised coaching.
    Aditya Mandloi, Head of Wealth and Retail Banking, India and South Asia, Standard Chartered, said prosperity extends beyond financial capital to include personal health and wellbeing. He stated that the collaboration seeks to bridge the gap between financial planning and proactive health management by integrating protection and technology within the affluent banking ecosystem.

    Krishnan Ramachandran, Managing Director and Chief Executive Officer, Niva Bupa, said the partnership builds on a decade-long association and introduces unlimited coverage and global protection features tailored for Standard Chartered clients. He noted that rising healthcare costs require solutions that integrate protection with convenience.
    Todd Stiefler, Vice President Enterprise, WHOOP, said the collaboration reflects a shared approach toward embedding proactive health management into everyday life through science-backed insights and personalised performance tracking.

    The proposition reflects a broader shift in wealth management models, where financial institutions increasingly align capital preservation strategies with health resilience and lifestyle stability for long-term client engagement.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.
  • Quick Commerce Outpaces Marketplaces as Valentine’s Orders Climb 48 Percent, Unicommerce Data Shows

    Unicommerce analysis of 15 million order items processed through Uniware highlights stronger growth across quick commerce, D2C websites, and Tier 3 cities

    Valentine’s season shopping patterns are shifting toward speed and impulse-driven purchases, according to data released by Unicommerce. An analysis of more than 15 million order items processed through its flagship platform Uniware between 1 and 10 February 2026 indicates that quick commerce platforms recorded a 48 percent year-on-year rise in order volumes during the period.
    Overall e-commerce volumes grew approximately 17 percent compared to the same period in 2025. Direct-to-consumer brand websites saw about 16 percent growth in order volumes, while online marketplaces recorded roughly 14 percent growth. The sharper acceleration in quick commerce reflects increasing consumer preference for instant deliveries during occasion-led shopping.

    Gifting trends also evolved beyond conventional categories such as flowers and chocolates. Consumers opted for gourmet snacks, artisanal teas, perfumes, skincare kits, makeup combinations, and personalised lifestyle items including couple-themed mugs and cushions. Practical and wellness-oriented products also gained traction as gifting choices.
    Geographically, growth was visible across urban and emerging markets. Tier 1 cities and metros reported approximately 19 percent growth, Tier 2 cities saw around 14 percent growth, and Tier 3 cities recorded nearly 18 percent growth, indicating broad-based adoption of digital channels for festive purchases.

    Marketing automation also played a role in driving last-minute conversions. Data from Unicommerce’s AI-enabled marketing platform Convertway shows that brands managed over 1.2 million customer interactions during the Valentine’s period across SMS, WhatsApp, RCS, and its AI voice agent Catalyst. These targeted engagements translated into more than 18,000 orders worth approximately ₹35 million.
    Unicommerce provides e-commerce enablement solutions including Uniware for order and inventory management, Shipway for logistics automation, and Convertway for marketing automation. The company serves more than 7,500 clients across India, Southeast Asia, and the Middle East and reported an annualised transaction run rate exceeding one billion order items in the third quarter of FY25.
    The Valentine’s sales data suggests that speed, targeted engagement, and operational efficiency are increasingly shaping consumer purchasing behaviour during occasion-led commerce cycles.

    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedInInstagram, and YouTube for more stories that matter.