Puma India

Candytoy Corporate raises Rs 110 cr to expand manufacturing capacity

Plastic promotional toys and confectionery manufacturer Candytoy Corporate has secured an investment of Rs 110 crore in a funding round. This Series A round of funding was led by a large pool of domestic investors, high networth individuals (HNIs), angel investors and institutional investors, according to a statement issued by the Indore-based candy toy maker. This new round of funding will enable Candytoy Corporate (CTC) to expand its manufacturing capabilities and invest in nurturing top talent nationwide to support its fast-paced growth, it added. "We are getting into a very exciting phase. This series A deal of Rs 110.5 crore with 13 per cent liquidation will not only help propel our growth but also invest in the incredible talent that drives our success to take on the new business orders received from across the globe," CTC Director Gaurav Mirchandani said. CTC manufactures candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and ..

Puma expects weaker first half due to 'challenging' market conditions

Sportswear companies including Adidas, Nike, and Puma, have seen demand weaken as customers battling with inflation cut spending on non-essential goods

Relationship with Virat Kohli long-standing, continues: Puma India MD

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.

Sportswear brands ride the athleisure wave, double India biz in two years

Puma, Decathlon, Adidas, Skechers, and Asics have registered growth in the range of 35 to 60% year-on-year since the financial year 2020-21 (FY21)

World Cup 2023: Mohammed Shami's endorsement fee doubles to Rs 1 crore

In the World Cup 2023, Shami has picked up 23 wickets in six matches, including three five-wicket hauls

Agilitas Sports to buy sports footwear manufacturer Mochiko Shoes

Agilitas Sports, co-founded by former Puma India & South East Asia MD Abhishek Ganguly, on Thursday announced it will acquire Mochiko Shoes for an undisclosed amount. Agilitas Sports is a sportswear and Athleisure solutions platform while Mochiko is the country's largest sports footwear manufacturer. Mochiko's clientele includes leading international brands such as Adidas, Puma, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and US Polo and is their manufacturing partner. "Mochiko's manufacturing capabilities, operational excellence and strategic partnerships with leading global giants, positions us to address the government's clarion call to 'Make in India', and to cater to the rising aspirations of an economic superpower, with the largest youth population," Agilitas Sports CEO & Co-Founder Abhishek Ganguly said. Earlier this year, Ganguly left Puma India along with its executive director for sales and operations Atul Bajaj and CFO Amit Prabhu and they founded

Outgoing Puma India chief Abhishek Ganguly's new venture raises Rs 430 cr

Agilitas Sports will be a solutions platform for sportswear and athleisure

Karthik Balagopalan to replace Abhishek Ganguly as MD of Puma India

Ganguly had been the MD of the company since 2014 and is leaving to pursue 'a career as an entrepreneur in his own venture'

Indian kids now spend less time than adults on physical activities: Survey

The top two reasons for the low participation of kids are 'lack of time' and the need to 'focus on studies': PUMA-Nielsen sports survey

Puma names Anushka Sharma brand ambassador, aims to boost women's business

She joins 30-35 other brand ambassadors such as husband Virat Kohli, Kareena Kapoor Khan, Yuvraj Singh; will endorse brand's footwear, apparel and accessories, including select collections

Copyright infringement: Supreme Court allows Puma to withdraw its case

The Sports Company had filed a petition against an order of the Punjab and Haryana High Court in which the court had refused to quash a criminal complaint against it for copyright infringement

Puma launches mobile shopping app in India to enhance digital offerings

German sports brand Puma on Tuesday said it has launched mobile shopping app in India to further enhance digital offerings for consumers and provide quicker access to its products.

Fitness, health contributed to our success in 2021: Puma's Abhishek Ganguly

How did Puma India manage strong top line growth in 2021 despite it being a challenging year?

Puma India signs 15 Olympic-bound Indian athletes ahead of upcoming games

Puma India, part of the global sportswear giant, has signed 15 Olympic-bound Indian athletes and three para athletes for the upcoming national and international tournaments. The move is part of the company's quest to "push boundaries and celebrate diversity in sports". The brand has signed legendary boxer MC Mary Kom, sprinter Dutee Chand, boxer Pooja Rani, track and field athlete Tejinder Singh, shooter Manu Bhaker, swimmer Srihari Nataraj, hockey players Rupinder Pal Singh, Harmanpreet Singh, Mandeep Singh, Gurjant Singh, Savita Punia, Sushila Chanu, Navneet Kaur, Navjot Kaur, Vandana Katariya, Gurjit Kaur and Udita Duhan. It has also tied up with para-athletes like shooter Avani Lekhara, table tennis champion Bhavina Patel and discus thrower Ekta Bhayan. Abhishek Ganguly, managing director at Puma India & Southeast Asia, said, "As a brand, we strongly believe that being unique is a great strength and our unwavering commitment to inclusivity in sports is testament to this.

RCB deal an ideal extension of our partnership with Kohli: Abhishek Ganguly

Abhishek Ganguly, MD, Puma India and Southeast Asia, talks to Dhruv Munjal about the partnership, how the company has dealt with the pandemic, and why it continues to be the dominant force in India

Team India kit sponsorship: Puma buys bid document, Adidas may enter fray

A senior industry insider explained the whole sponsorship issue in these turbulent economic times

We've found the right balance between online & offline, says PUMA India MD

We don't want one to grow at the cost of the other, PUMA India MD tells Shubhomoy Sikdar

Puma puts best foot forward in infant wear, smart watches segments

Opens its biggest India store in Bengaluru to give an experiential taste to buyers

After outrage over ad graffiti on Delhi heritage wall,Puma India apologises

The company said, all the stakeholders had also "aligned" that there was "need to raise awareness" among the owners about guidelines to preserve heritage properties.