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Candytoy Corporate, the manufacturer of candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and AirAsia among others, is aiming for around Rs 450 crore turnover by the next fiscal year, founder Director Gaurav Mirchandani has said. Moreover, to fund its growth plans, the Indore-based company has plans to raise 90 crore by divesting 10 per cent equity at a valuation of Rs 900 crore, he added. Besides, the bootstrap startup firm also plans to get listed on the stock exchange in the next three years, Mirchandani said. "We are diluting 10 per cent stake in the company through a VC. We are bringing Rs 90 crore which will be primarily invested this year to make sure that we are touching around Rs 400 crore to Rs 450 crore turnover by the next financial year," Mirchandani told PTI. Candytoy Corporate Pvt Ltd (CTC) had a turnover of around Rs 250 crore in FY 2023-24. "Now with 30 per cent y-o-y growth in orders for the last two years, we see t
German sports brand Puma on Wednesday affirmed its association with India's star batter Virat Kohli. Rejecting the reports that Kohli is considering ending its 8-year-old deal as its brand ambassador, Puma India Managing Director Karthik Balagopalan said the association still continues. "PUMA's relationship with Virat Kohli is long-standing and continues," Balagopalan said. There were reports that the ace cricketer may end its association with Puma and may join Agilitas Sports as its brand ambassador. Agilitas Sports is an entrepreneurial venture started by Puma India's former Managing Director Abhishek Ganguly. Puma had signed Kohli as its brand ambassador in 2017, a deal considered to be around Rs 110 crore.
Bringing together thousands of Virat Kohli fans, leading sportswear brand Puma, in a unique birthday tribute, created a massive mural of the Indian batting maestro by using 5000 red cricket balls at Mumbai's Carter Road Amphitheatre on Saturday. A 20ft-by-20ft mural of Kohli's face was created in a marathon nine-hour activity that began at 8:00 am. "Virat Kohli is a modern-day cricket legend and has a special place in the fans' heart. He is an inspiration to not only a legion of fans but even the professionals associated with the game. "It was our endeavour to bring them all together and make it a special birthday celebration for one of the most complete batsmen of this era," said Abhishek Ganguly, Managing Director, PUMA India and Southeast Asia. What made the celebration even more special was the presence of Kohli's childhood coach, Rajkumar Sharma. "It looks amazing and very creative from team PUMA and I will definitely send it to Virat as well. It fills my heart with great pri