Category: Business

  • How Easy Spin Is Building India’s First Organized Laundry Service Platform

    How Easy Spin Is Building India’s First Organized Laundry Service Platform

    Udaipur (Rajasthan) [India], February 19: In a country where laundry services have largely remained unorganized and fragmented, Easy Spin is creating a powerful shift by building India’s first large-scale laundry marketplace and service platform. Founded by entrepreneur Rakesh Mishra, Easy Spin does not operate its own physical stores. Instead, it connects customers with verified local laundry partners through a single, trusted platform.

    From its origins in Udaipur, Easy Spin has expanded its network and is now actively operating in Udaipur, Jaipur, and Hyderabad, creating new opportunities for local laundry businesses while offering customers a reliable, standardized service experience.

    How Easy Spin Is Building India’s First Organized Laundry Service Platform-PNN

    The Vision Behind Easy Spin

    Rakesh Mishra founded Easy Spin after noticing a critical problem in the Indian laundry market. Thousands of local laundry stores exist, but most lack digital access, consistent pricing, hygiene standards, and professional customer handling. Customers, on the other hand, struggle with unreliable service, delays, and quality issues.

    Easy Spin was created to organize this unstructured industry by acting as a technology-driven marketplace that connects customers to trusted laundry partners while enforcing service standards.

    “Easy Spin is not about replacing local laundries. It’s about empowering them with technology, visibility, and systems, while giving customers a better experience,” said Rakesh Mishra.

    A Marketplace Model That Works

    Unlike traditional laundry brands that open and operate their own outlets, Easy Spin follows a marketplace business model. The platform onboards and verifies local laundry stores and provides them with:

    • Digital order management
    • Customer acquisition through the Easy Spin platform
    • Standard pricing frameworks
    • Quality control guidelines
    • Delivery coordination support

    This allows laundry partners to grow their business without investing in marketing, technology, or logistics infrastructure.

    Seamless Customer Experience

    For customers, Easy Spin provides a single app and support system where they can:

    • Book laundry pickup
    • Choose services (wash, fold, iron, dry clean)
    • Select their preferred pickup and delivery time slots
    • Track order status in real time
    • Make digital payments
    • Get support and quick issue resolution

    Growing Across India

    Easy Spin started in Udaipur and quickly built a strong network of partner stores. With growing demand, the company expanded to Jaipur and Hyderabad. Each city follows the same operational standards and technology system, allowing Easy Spin to scale without owning physical infrastructure.

    Technology as the Backbone

    Easy Spin is building a robust tech-enabled platform with real-time tracking, partner dashboards, customer notifications, and performance monitoring. This ensures transparency and accountability across the network.

    Supporting Local Businesses

    Easy Spin is not just a service platform; it is a growth engine for small laundry stores, helping them compete with large brands and online aggregators.

    Future Vision
    In the coming years, Easy Spin plans to expand into major Tier-1, Tier-2, and Tier-3 cities across India, making professional laundry services accessible to millions of households and businesses, while introducing subscription laundry plans and corporate laundry solutions to serve both individual and large-scale clients efficiently.

    About Easy Spin

    Easy Spin is a laundry marketplace and service platform founded by Rakesh Mishra. The company connects customers with verified laundry partners in Udaipur, Jaipur, and Hyderabad, delivering convenience, quality, and transparency.

    https://play.google.com/store/apps/details?id=com.easyspinlaundry.user

    https://easyspin.co.in/

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  • HROne AI Summit 2026 Concludes, Reframing AI in HR as a Leadership Mandate Rather Than a Technology Trend

    HROne AI Summit 2026 Concludes, Reframing AI in HR as a Leadership Mandate Rather Than a Technology Trend

    New Delhi [India], February 19: HROne, a leading HR software platform, successfully concluded the HROne AI Summit 2026, the world’s largest two-day virtual summit focused on AI accountability, governance, and decision ownership in HR, held on February 12–13, 2026.

    Bringing together 10,000+ registered HR leaders globally, including CHROs, senior HR executives, and AI practitioners, the summit marked a decisive shift in how AI in HR is being framed: not as a tool adoption exercise, but as a leadership responsibility. The discussions underscored how modern HR software must evolve beyond automation to embed ethical AI governance, transparent decision-making, and accountability frameworks at its core.

    In association with SHRM as knowledge partner, the summit convened 35+ HR and AI leaders, including globally respected voices such as Dr. T. V. RaoDr. Dieter VeldsmanShashikant Jayramanan, Shailaja Venkat Iyer, Yogesh Patgaonkar alongside CHROs from Indian and global enterprises where AI is already embedded in hiring, performance management, workforce analytics, and compliance decisions.

    Summit Discussions Underscore That AI in HR Has Entered a Phase of Governance and Accountability

    HROne

    Across two days of closed-door discussions, a consistent conclusion emerged: AI adoption without ownership creates leadership risk.

    35+ speakers briefly discussed how HR must now be prepared to:

    • Defend hiring outcomes shaped by AI-led screening and assessments
    • Explain predictive attrition models in executive and board settings
    • Address bias, transparency, and explainability concerns in real time
    • Partner cross-functionally with technology and risk teams
    • Define governance structures before regulators do

    The dialogue moved beyond experimentation. As multiple CHROs noted during the summit, AI literacy is now directly linked to HR credibility at the leadership table.

    Release of the ‘AI in HR 2026’ Report Highlights the Gap Between Adoption and Decision Maturity

    At the summit, HROne formally released its flagship research report, AI in HR 2026: State of Adoption, Readiness & Impact, one of the most comprehensive assessments of AI maturity in HR to date.

    The report identifies a clear structural imbalance:

    • AI usage in HR is accelerating across recruitment and workforce analytics
    • Governance frameworks and decision accountability are lagging behind adoption
    • HR leaders are expected to defend AI-led outcomes without shared playbooks
    • Competitive advantage is shifting from tool deployment to decision maturity

    The findings reinforced a central summit theme: AI capability in HR is rising, but governance capability must rise faster.

    HR Leaders Received Execution-Grade Frameworks Designed for Board-Level and Regulatory Scrutiny

    Beyond discussions, the summit delivered practical resources designed to be used in board reviews, audits, and executive conversations, not experimentation.

    Participants gained access to:

    • AI decision roadmaps for the next 12–18 months
    • Governance frameworks aligned to executive and regulatory expectations
    • Operational models for recruitment, performance, and attrition analytics
    • Closed-door case walkthroughs detailing implementation realities
    • Structured approaches to explain and defend AI-led people decisions

    The emphasis throughout was consistent: HR must transition from participating in AI conversations to leading them with authority.

    HROne Positions Itself as a Global Convenor in Defining AI-for-HR Leadership Standards

    “This summit was never about AI hype,” said Karan Jain, Founder – HROne.
     “It was about accountability. HR leaders are now expected to stand behind AI-driven people decisions in front of boards, regulators, and employees. Our role is to ensure they are prepared to do so with clarity and confidence.”

    With participation crossing 10,000+ HR leaders, the HROne AI Summit 2026 established itself not merely as a large-scale event, but as a structured forum shaping how AI-for-HR leadership is defined globally.

    As AI becomes structurally embedded in enterprise systems, the divide between HR leaders who can confidently own AI-led decisions and those who cannot is expected to widen. The HROne AI Summit 2026 signals that AI in HR is no longer a feature set or capability upgrade.

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  • Accord Transformer and Switchgear Limited Files RHP; SME IPO to Open on February 23, 2026

    Accord Transformer and Switchgear Limited Files RHP; SME IPO to Open on February 23, 2026

    Mumbai (Maharashtra) [India], February 19: Accord Transformer & Switchgear Limited, a manufacturer of transformers, switchgear and customised power solutions, has filed its Red Herring Prospectus (RHP) dated February 16, 2026 with the Registrar of Companies, Haryana, in connection with its proposed SME initial public offering (IPO).

    The IPO comprises a fresh issue of up to 55,62,000 equity shares of face value ₹10 each through the book-building route.

    Out of the total issue of up to 55,62,000 equity shares, up to 2,82,000 shares are reserved for the Market Maker. The net issue of up to 52,80,000 shares will be allocated as follows:

    not more than 50% to Qualified Institutional Buyers, not less than 15% to Non-Institutional Investors and not less than 35% to Individual Investors.

    The issue will open for subscription on Monday, February 23, 2026 and close on Wednesday, February 25, 2026, with the equity shares proposed to be listed on the BSE SME platform. The anchor investor portion shall open and close on Friday, February 20, 2026.

    IPO Highlights

    • Fresh Issue: up to 55,62,000 equity shares
    • Face Value: ₹10 per share
    • Issue Type: 100% book-built SME IPO
    • Listing: BSE SME
    • Promoters: Mr. Pradeep Kumar Verma & Mrs. Shalini Singh
    • Book Running Lead Manager: GYR Capital Advisors Pvt. Ltd.

    The price band and bid lot will be decided by the company in consultation with the Book Running Lead Manager and announced prior to issue opening.

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  • Active Clothing Reports Strong Q3 FY26 Performance Revenue Up 17 Percent QoQ to INR 97.36 Cr, PAT Grows 25 Percent QoQ to INR 3.50 Cr

    Active Clothing Reports Strong Q3 FY26 Performance Revenue Up 17 Percent QoQ to INR 97.36 Cr, PAT Grows 25 Percent QoQ to INR 3.50 Cr

    (Punjab) [India], February 19: Active Clothing Co limited(BSE – 541144), India’s one of the leading ‘design-to-shelf’ platform, specializing in flat-knitted sweaters, jackets, and circular-knitted apparel for global fashion brands, has announced its Unaudited Q3 & 9M FY26 Financial results.

    Key Financial Highlights

    Key Financial Highlights Q3 FY26

    *Total Income of ₹ 97.36 Cr, QoQ growth of 17.03%

    *EBITDA of ₹ 9.04 Cr, QoQ growth of 22.40%

    * EBITDA Margin of 9.29%, QoQ growth of 41 BPS

    * Net Profit of ₹ 3.50 Cr, QoQ growth of 25.18%

    * Net Profit Margin of of 3.59%, QoQ growth of 23 BPS

    * EPS of ₹ 2.25, QoQ growth of 27.84%

    Key Financial Highlights 9M FY26

    * Total Income of ₹ 245.02 Cr, YoY growth of 7.29%

    * EBITDA of ₹ 23.40 Cr, YoY growth of 2.19%

    * EBITDA Margin of 9.55%

    * Net Profit of ₹ 8.42 Cr, YoY growth of 23.55%

    * Net Profit Margin of of 3.44%, YoY growth of 45 BPS

    * EPS of ₹ 5.43 , YoY growth of 23.69%

    Commenting on the Financial performance Mr. Rajesh Mehra Managing Director, of Active Clothing Co Limited said, “We delivered a steady and resilient performance during Q3 FY26, despite a relatively softer demand environment, driven by disciplined execution, strong customer relationships, and the strength of our integrated design-to-shelf business model. Our consistent operational focus enabled us to deliver healthy growth in revenue and profitability during the quarter.

    Performance for the first nine months of FY26 has been particularly encouraging, with strong growth in PAT reflecting improved operating leverage and sustained demand from global brand partners. This reinforces the robustness of our business fundamentals and our ability to scale profitably.

    Looking ahead, the proposed investment to establish India’s first Smart Knitting Factory marks a significant strategic milestone for the Company. This initiative will enhance automation, precision manufacturing, and sustainability, positioning Active Clothing for the next phase of growth while aligning with evolving global apparel requirements. We remain confident about our long-term growth trajectory.”

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  • Raveum Raises USD 1.3 Million in Seed Funding at USD 22.8 Million Valuation to Scale Cross-Border Investment Platform

    Raveum Raises USD 1.3 Million in Seed Funding at USD 22.8 Million Valuation to Scale Cross-Border Investment Platform

    Mumbai (Maharashtra) [India], February 19: Raveum, a platform enabling cross-border investment in premium U.S. real estate, today announced the successful closure of its seed funding round, raising $1.3 million at a post-money valuation of $22.8 million.

    The round reflects investor confidence in Raveum’s compliance-led, technology-enabled approach to structured global real estate investing and supports the company’s next phase of expansion.

    Founded to formalize and simplify U.S. property participation for international investors, Raveum provides access to curated, income-generating U.S. real estate opportunities through multiple ownership structures, including GP participation, LP investments, and direct ownership pathways. The platform is designed to serve investors across India, the UAE, Saudi Arabia, Singapore, and other international markets within a clearly defined regulatory framework.

    A Structured Approach to Cross-Border Real Estate Investment

    Cross-border real estate participation has historically been constrained by regulatory complexity, fragmented documentation processes, and limited institutional access. Raveum’s model integrates compliance infrastructure, underwriting discipline, and technology to facilitate authorized participation in U.S. multifamily and commercial real estate assets.

    For Indian investors, the platform operates in alignment with FEMA guidelines and the Reserve Bank of India’s Liberalised Remittance Scheme (LRS), alongside applicable U.S. securities regulations. This structure enables cross-border allocation through compliant and transparent channels.

    “This milestone reflects the strength of our governance framework and long-term strategy,” said Kabir Israni, CEO of Raveum. “We structured this round around strategic alignment with partners who value regulatory discipline, investor protection, and durable platform development. Our focus remains on building institutional-grade access to U.S. real estate for global investors.”

    Scaling Infrastructure and Institutional Partnerships

    The newly raised capital will be directed toward enhancing Raveum’s proprietary investment and compliance systems, expanding structured access to premium U.S. real estate assets, and strengthening regulatory and operational infrastructure across its core markets. The company also plans to broaden its international presence, scale investor onboarding and reporting capabilities, and expand teams across technology, compliance, and investor relations.

    Since launch, Raveum has facilitated participation from retail and professional investors across multiple jurisdictions while deepening partnerships with U.S. based operators, legal advisors, and financial institutions to reinforce underwriting standards, governance controls, and risk management processes.

    Meeting Growing Demand for U.S. Real Estate Exposure

    As global investors increasingly seek diversification and dollar-denominated exposure through U.S. real estate, demand for structured and regulation-aligned cross-border access continues to expand. Raveum positions itself as a disciplined gateway to premium U.S. real estate opportunities, offering multiple participation models tailored to varying capital strategies.

    The company’s long-term objective is to build a trusted platform for international investors seeking transparent, compliant access to institutional-grade U.S. assets across ownership structures.

    About Raveum

    Raveum is a platform enabling cross-border investment in premium U.S. real estate through compliant and structured participation models, including GP, LP, and direct ownership pathways. Operating across India, the UAE, Saudi Arabia, Singapore, and the United States, the company focuses on income-generating assets, regulatory alignment, disciplined underwriting, and long-term investor protection.

    For more information, visit: www.raveum.com

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  • TMPerfumehouse Expands into Personal Care with Launch of Shower Gels, Beard Balms, Attars, Solid Perfumes, and Soaps

    TMPerfumehouse Expands into Personal Care with Launch of Shower Gels, Beard Balms, Attars, Solid Perfumes, and Soaps

    New Delhi [India], February 19: TM Perfume House, a growing Indian fragrance brand under Fourpirates Ventures LLP, has announced its expansion into the personal care segment. Known for its premium perfumes and fragrance innovations, the company is now introducing a new range of shower gels, beard balms, attars, solid perfumes, and aromatic soaps.

    The expansion marks a strategic move by TM Perfume House to become a complete fragrance and grooming solutions brand, offering customers long-lasting scent experiences across daily personal care routines.

    The newly launched product line focuses on high-quality fragrance blends, skin-friendly formulations, and modern grooming needs. The shower gels and soaps are designed for refreshing and long-lasting freshness, while the beard balms provide nourishment and styling along with signature fragrances. The attars and solid perfumes offer alcohol-free and travel-friendly fragrance options for customers who prefer traditional and convenient scent formats.

    “Our vision has always been to go beyond perfumes and build a complete fragrance lifestyle brand,” said Harsh Patel Co-Founder of TMPerfumehouse. “With this expansion into personal care and grooming products, we aim to bring premium fragrance experiences into everyday use for our customers.”

    The new product range will be available through the company’s official Websites, The brand also plans to strengthen its presence through online platforms and retail expansion in the coming months.

  • NVT Quality Lifestyle forays into Sky Villas and Large-Format Integrated Townships

    NVT Quality Lifestyle forays into Sky Villas and Large-Format Integrated Townships

    Move to Capitalise on the Next-Wave of Premium Residential Demand

    Bengaluru (Karnataka) [India], February 18: NVT Quality Lifestyle, a leading premium residential developer, today announced a strategic expansion of its stronghold in the luxury villa segment into ‘Sky Villas’ and integrated townships, marking an evolution in its long-term business strategy. The move positions the company to develop large-format, master-planned destination townships that bring together standalone villas with sky villas within a single, professionally planned ecosystem, aligned with the changing expectations of high-value homebuyers in India’s key urban markets such as Bengaluru.

    Anchored by a multi-phase development spanning approximately 100 acres of land and set against a 300-acre lake, NVT’s integrated township initiative reflects a portfolio shift from standalone luxury communities to scalable residential destinations, designed to deliver sustained lifestyle and asset value. The company is deploying significant long-term capital and development capability to build future-ready townships that combine diversified housing formats with robust infrastructure, landscape-led planning and community-centric design. NVT Quality Lifestyle will develop a total of 5 million sq. ft. of new luxury residential space by 2028. The company expects to achieve annual sales worth ₹1,200 crore to ₹1,500 crore, during the same period.

    Commenting on the company’s strategic direction, Dr. Vivek Garg, Founding Director, NVT Quality Lifestyle, said, “Luxury in 2026 is no longer defined by scale alone, but by how intelligently homes and communities are designed to support the way people live, work and connect with nature. As professionals, entrepreneurs and global Indians seek environments that offer choice, flexibility and long-term value, we see integrated townships as the natural evolution of premium housing.”

    He added, “Our expansion into sky villas and large-format destination developments builds on our leadership in villas, while allowing us to create holistic living ecosystems, communities that blend multiple housing formats, landscape-driven planning and infrastructure-led growth. This is not just a portfolio diversification strategy; it is our way of future-proofing residential development in India’s most aspirational urban corridors. The move reinforces our broader growth roadmap to scale presence across the premium and luxury residential spectrum, while capitalizing on strong urban fundamentals, infrastructure-led expansion and the increasing participation of high-income domestic buyers and NRIs in India’s top real estate markets.”

    NVT Quality Lifestyle forays into Sky Villas and Large-Format Integrated Townships -PNN

    NVT’s expansion is being driven by structural trends shaping the luxury residential market over the next few years. Across Bengaluru and other high-growth cities, demand from senior professionals, entrepreneurs and NRIs is increasingly oriented towards integrated communities that offer flexibility of housing choice, strong connectivity and environments that support work-life integration. Bengaluru’s eastern corridor and the Sarjapur-Attibele Road, (where NVT’s new township project Wonderful World is located) supported by infrastructure catalysts such as the STRR (Satellite Town Ring Road), the 72-km metro line, Swift City and regional aviation connectivity, has emerged as one of the most dynamic zones for premium residential investment.

    Even as NVT expands its development footprint, it will continue to anchor its growth in a distinct, design-led definition of luxury, one that prioritises how people truly live. Across all its homes, the focus remains on integrated indoor–outdoor living, abundant natural light and ventilation, private outdoor extensions such as backyards, terraces or gardens and intelligently planned layouts that support work-life integration in today’s hybrid, always-connected world. The philosophy is consistent: to create future-ready homes that balance privacy, spatial efficiency and environmental responsiveness, while delivering long-term liveability and enduring value.

    Visit https://qualitylifestyle.in/property-item/a-wonderful-world/ for more information.

    About NVT Quality Lifestyle

    Since 2010, NVT Quality Lifestyle, part of the NVT Group, a diversified organization with interests in aerospace quality certification, education and real estate, has been a disciplined creator of premium residential assets. With over 3 million square feet developed and more than 1,000 luxury villa homes delivered, NVT has established itself as a trusted name in high-end residential development, known for its quality, transparency and professional excellence. Founded and led by globally accomplished professionals, alumni of IIT, IIM, ISB, Carnegie Mellon, Purdue, and Wharton, NVT anchors its philosophy in “For Professionals, By Professionals.” The company’s focused approach to premium residential communities integrates architecture, engineering excellence and sustainable design to create homes that anticipate the future of living.

    Visit https://www.nvt-projects.com/

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